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:
Note:
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