Snap (SNAP, Financial) is experiencing notable activity in its options market, with bullish sentiment evident through the trading of 51,338 call options, exceeding expectations by 40%. The implied volatility for Snap's options has risen by nearly 3 points, reaching 62.14%. Among the most active options are the June 26th 13 calls and the June 27th weekly 8.5 calls, which together account for approximately 15,600 contracts. The Put/Call Ratio stands at a low 0.23, highlighting a strong preference for calls over puts. Investors are anticipating Snap's earnings report, slated for release on July 31st.
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 $9.59 with a high estimate of $15.00 and a low estimate of $6.50. The average target implies an upside of 15.86% from the current price of $8.28. 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 $13.44, suggesting a upside of 62.32% from the current price of $8.28. 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.
