Loop Capital has adjusted its price target for Snap (SNAP, Financial), reducing it from $16 to $12. Despite maintaining a Buy rating, the firm cited near-term uncertainties and a lack of guidance as reasons for lowering its sales multiple assumption from 4-times to 2.5-times. Nevertheless, the analyst expressed optimism about the company's fundamental strengths, which continue to show signs of improvement.
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 $9.71 with a high estimate of $16.00 and a low estimate of $6.50. The average target implies an upside of 13.18% from the current price of $8.58. 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 $13.33, suggesting a upside of 55.36% from the current price of $8.58. 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.
