Snap Inc. (SNAP, Financial) has experienced a notable increase in bullish options activity, with the company witnessing a trading volume of 44,244 call options. This figure represents nearly twice the expected volume, underscoring strong investor interest. The heightened activity has also led to a rise in implied volatility, which has climbed by over one point to reach 107.00%.
The most actively traded options include the May-25 11 calls and the April 25 weekly 8 calls, together comprising nearly 23,800 contracts. This substantial trading volume in call options results in a Put/Call Ratio of 0.14, indicating a prevailing bullish sentiment among investors.
Market participants are keenly anticipating Snap's upcoming earnings report, which is scheduled for release on April 29th. The current options activity suggests that investors may be positioning themselves in expectation of positive developments from the company's financial disclosure.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 34 analysts, the average target price for Snap Inc (SNAP, Financial) is $11.46 with a high estimate of $16.00 and a low estimate of $7.40. The average target implies an upside of 42.21% from the current price of $8.06. More detailed estimate data can be found on the Snap Inc (SNAP) Forecast page.
Based on the consensus recommendation from 44 brokerage firms, Snap Inc's (SNAP, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Snap Inc (SNAP, Financial) in one year is $14.11, suggesting a upside of 75.17% from the current price of $8.055. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Snap Inc (SNAP) Summary page.
