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Decoding 12 Analyst Evaluations For Snap – Snap (NYSE:SNAP)

Snap SNAP underwent analysis by 12 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 1 2 8 1 0
Last 30D 0 0 2 0 0
1M Ago 0 0 0 0 0
2M Ago 0 0 0 0 0
3M Ago 1 2 6 1 0

In the assessment of 12-month price targets, analysts unveil insights for Snap, presenting an average target of $13.96, a high estimate of $20.00, and a low estimate of $11.00. Experiencing a 0.57% decline, the current average is now lower than the previous average price target of $14.04.

Exploring Analyst Ratings: An In-Depth Overview

The perception of Snap by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Lloyd Walmsley UBS Lowers Neutral $13.00 $14.00
Mark Kelley Stifel Lowers Hold $12.00 $14.00
Eric Sheridan Goldman Sachs Lowers Neutral $13.50 $15.00
Youssef Squali Truist Securities Raises Hold $12.00 $11.00
Brian Nowak Morgan Stanley Lowers Underweight $11.00 $13.00
Brad Erickson RBC Capital Lowers Sector Perform $13.00 $17.00
Ken Gawrelski Wells Fargo Lowers Overweight $16.00 $22.00
Brian Pitz BMO Capital Lowers Outperform $20.00 $22.00
Shyam Patil Susquehanna Raises Neutral $12.00 $9.50
Barton Crockett Rosenblatt Raises Neutral $12.00 $11.00
Rohit Kulkarni Roth MKM Raises Neutral $14.00 $10.00
Benjamin Black Deutsche Bank Raises Buy $19.00 $10.00

Key Insights:

  • Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they ‘Maintain’, ‘Raise’ or ‘Lower’ their stance, it reflects their response to recent developments related to Snap. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from ‘Outperform’ to ‘Underperform’. These ratings reflect expectations for the relative performance of Snap compared to the broader market.
  • Price Targets: Analysts set price targets as an estimate of a stock’s future value. Comparing the current and prior price targets provides insight into how analysts’ expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock’s potential future performance.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Snap’s market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on Snap analyst ratings.

Discovering Snap: A Closer Look

Snap owns one of the most popular social networking apps, Snapchat, claiming more than 400 million daily active users as of the end of 2023. Snap generates nearly all its revenue from advertising. While only about one quarter of users are in North America, the region accounts for about 65% of sales.

Key Indicators: Snap’s Financial Health

Market Capitalization Analysis: The company’s market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Positive Revenue Trend: Examining Snap’s financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.74% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. When compared to others in the Communication Services sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: Snap’s net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -18.24%, the company may face hurdles in effective cost management.

Return on Equity (ROE): The company’s ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -10.12%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): The company’s ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -3.16%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: Snap’s debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.8, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.

Analyst Ratings: Simplified

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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