Where Does Wall Street Think Snap Inc (SNAP) Stock Will Go?

Thursday, August 13, 2020 2:51 PM | InvestorsObserver Analysts

Wall Street is positive on Snap Inc (SNAP). On average, analysts give SNAP a Strong Buy rating. The average price target is $23.93, which means analysts expect the stock to gain by 10.07% over the next twelve months.

That average ranking earns SNAP an Analyst Rating of 51, which is better than 51% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4.2
Wall Street analysts are rating SNAP a Strong Buy today. Find out what this means to you and get the rest of the rankings on SNAP!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.

Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Snap Inc Stock Today?

Snap Inc (SNAP) stock has fallen -0.64% while the S&P 500 has risen 0.05% as of 2:38 PM on Thursday, Aug 13. SNAP is down -$0.14 from the previous closing price of $21.88 on volume of 8,910,163 shares. Over the past year the S&P 500 is up 19.06% while SNAP has risen 32.89%. SNAP lost -$0.77 per share the over the last 12 months.

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