On Oct 31, major Wall Street analysts update their ratings for $Snap Inc (SNAP.US)$, with price targets ranging from $11 to $18.
Goldman Sachs analyst Eric Sheridan maintains with a hold rating, and adjusts the target price from $16 to $13.5.
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.
Furthermore, according to the comprehensive report, the opinions of $Snap Inc (SNAP.US)$'s main analysts recently are as follows:
The firm is adjusting its revenue forecasts marginally downward to account for a tempered growth outlook for Snapchat+, which is balanced by a slight increase in advertising revenues. This results in a 1% decrease in the 2025 revenue projection, now set at $6.1 billion. However, expectations for EBITDA have been increased by 13% to $718 million, reflecting enhanced margin prospects and a broadening of the sector's valuation multiples.
Snap's third-quarter revenue met expectations, and the guidance for the fourth quarter was consistent at the higher end. The primary area of interest was the increase in direct response revenue, particularly following a period of what was perceived to be minimal growth. As Snap revealed a significant growth in the number of advertisers, it suggests that the platform is increasingly attracting smaller marketers, although convincing larger marketers might require more time.
The firm described Snap's quarterly results as modestly surpassing expectations, yet presenting a mixed scenario in terms of earnings per share. Notable product innovation is currently underway, whose long-term significance remains to be validated. The simplification efforts, while intended to be beneficial, could paradoxically lead to disruptions in revenue in the near to medium term.
Here are the latest investment ratings and price targets for $Snap Inc (SNAP.US)$ from 18 analysts:
Note:
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