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.
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.