Analyst Ratings for Snap
Portfolio Pulse from Benzinga Insights
Analysts have updated their ratings for Snap Inc. (NYSE:SNAP) in the last quarter, with 2 bullish, 1 somewhat bullish, 4 indifferent, and 3 somewhat bearish ratings. No bearish ratings were given. Over the past 3 months, 10 analysts have set a 12-month price target for SNAP, with an average of $12.45, a high of $23.00, and a low of $7.00. This average represents a 41.0% increase from the previous target of $8.83. Analyst ratings are important as they provide investors with insights into stock performance based on financial analysis and insider information.
December 18, 2023 | 12:00 pm
News sentiment analysis
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POSITIVE IMPACT
Snap Inc. has received an updated mix of analyst ratings and an increased average price target of $12.45, suggesting a positive outlook from analysts.
The increase in the average price target for SNAP to $12.45, up 41% from the previous target, indicates a more optimistic view from analysts, which could lead to increased investor confidence and a potential short-term rise in the stock price. The mix of ratings shows a predominance of neutral to positive sentiment, with no outright bearish views, further supporting the potential for a positive short-term impact on SNAP's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100