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A Quick Look at Today's Ratings for Snap Inc(SNAP.US), With a Forecast Between $11 to $18

Futu News ·  Oct 30 21:00  · Ratings

On Oct 30, major Wall Street analysts update their ratings for $Snap Inc (SNAP.US)$, with price targets ranging from $11 to $18.

BofA Securities analyst Justin Post maintains with a hold rating, and adjusts the target price from $13 to $14.

Barclays analyst Ross Sandler maintains with a buy rating, and maintains the target price at $16.

Wells Fargo analyst Ken Gawrelski maintains with a buy rating, and maintains the target price at $14.

Jefferies analyst James Heaney CFA maintains with a buy rating, and maintains the target price at $16.

Evercore analyst Mark Mahaney maintains with a hold rating, and adjusts the target price from $12 to $15.

Furthermore, according to the comprehensive report, the opinions of $Snap Inc (SNAP.US)$'s main analysts recently are as follows:

  • The firm is adjusting revenue estimates slightly downwards due to reduced growth expectations for Snapchat+, though this is partially offset by a modest increase in anticipated advertising revenues. Consequently, the 2025 revenue forecast has been trimmed by 1% to $6.1B. Nonetheless, EBITDA projections have been increased by 13% to $718M, reflecting higher margin expectations and a broadening of sector valuation multiples.

  • Snap's third-quarter revenue aligned with expectations, and its fourth-quarter guidance also met forecasts at the upper range. The central point of interest revolved around the expansion of direct response revenue, particularly following a period of perceived minimal sequential growth. The doubling in the number of advertisers suggests that the platform is successfully attracting smaller marketers, although convincing larger marketers to follow suit could require additional time.

  • Snap's third-quarter earnings results exhibited a moderate outperformance yet presented a mixed picture. Despite the ongoing product innovations, their long-term significance remains uncertain, and there's a possibility that efforts to simplify could in fact lead to disruptions in revenue over the short to medium term.

Here are the latest investment ratings and price targets for $Snap Inc (SNAP.US)$ from 15 analysts:

StockTodayLatestRating_nn_73929272278628_20241030_en

Note:

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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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