Snap Stock: A Deep Dive Into Analyst Perspectives (17 Ratings)
Portfolio Pulse from Benzinga Insights
Snap (NYSE:SNAP) has received 17 analyst ratings in the past three months, with a mix of bullish, neutral, and bearish perspectives. The average 12-month price target has decreased by 13.8% to $12.18. Analysts have adjusted their ratings and price targets, reflecting changing market conditions and company performance. Snap's financials show a 15.84% revenue growth rate, but challenges in ROE, ROA, and high debt-to-equity ratio.
September 30, 2024 | 8:01 pm
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NEGATIVE IMPACT
Snap has received mixed analyst ratings, with a decrease in the average price target to $12.18. Despite strong revenue growth, the company faces challenges with low ROE, ROA, and a high debt-to-equity ratio.
The decrease in the average price target by 13.8% indicates a negative sentiment among analysts. Despite positive revenue growth, the company's financial challenges such as low ROE, ROA, and high debt-to-equity ratio contribute to a likely short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100