- Snap (SNAP, Financial) experiences a significant 12% decline amid tech sector challenges.
- Analyst forecasts show potential upside, with an average target price suggesting a 48.54% increase.
- GuruFocus' GF Value indicates a potential 79.31% upside, denoting an opportunity for investors.
Snap Inc. (SNAP) is navigating a turbulent period, with its share value plunging by 12% over the past week due to widespread pressures in the tech sector. Despite this downturn, projections indicate a promising 10.3% annual revenue growth. However, investor confidence has been shaken by Snap's unprofitability and its recent underperformance relative to both the S&P 500 index and its industry peers.
Wall Street Analysts' Forecasts
Wall Street analysts provide a comprehensive outlook for Snap Inc., with one-year price targets from 34 experts placing the average target at $11.71. Estimates span a high of $16.00 and a low of $7.40, collectively implying a substantial upside of 48.54% from the current trading price of $7.88. For more in-depth analysis, visit the Snap Inc (SNAP, Financial) Forecast page.
The consensus from 44 brokerage firms rates Snap Inc.'s stock at an average of 2.9, falling under the "Hold" category. This rating scale ranges from 1, indicating a Strong Buy, to 5, signifying a Sell recommendation.
Assessing Snap's GF Value
According to GuruFocus estimates, the one-year GF Value for Snap Inc. is anticipated to be $14.13. This estimation suggests a notable upside of 79.31% from the current price of $7.88. The GF Value reflects GuruFocus' take on the fair trading value of the stock, determined using historical trading multiples, past business growth, and future performance projections. Explore more detailed insights on the Snap Inc (SNAP, Financial) Summary page.
