Fintel reports that on September 20, 2024, B. Riley Securities initiated coverage of Snap (NYSE:SNAP) with a Neutral recommendation.
Analyst Price Forecast Suggests 30.79% Upside
As of August 26, 2024, the average one-year price target for Snap is $13.17/share. The forecasts range from a low of $8.08 to a high of $18.90. The average price target represents an increase of 30.79% from its latest reported closing price of $10.07 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Snap is 6,130MM, an increase of 23.06%. The projected annual non-GAAP EPS is 0.53.
What is the Fund Sentiment?
There are 910 funds or institutions reporting positions in Snap. This is an increase of 1 owner(s) or 0.11% in the last quarter. Average portfolio weight of all funds dedicated to SNAP is 0.25%, an increase of 1.61%. Total shares owned by institutions increased in the last three months by 7.59% to 905,272K shares. 
The put/call ratio of SNAP is 0.60, indicating a bullish outlook.
What are Other Shareholders Doing?
FBGRX - Fidelity Blue Chip Growth Fund holds 81,035K shares representing 5.77% ownership of the company. In its prior filing, the firm reported owning 77,789K shares , representing an increase of 4.01%. The firm decreased its portfolio allocation in SNAP by 9.38% over the last quarter.
SRS Investment Management holds 72,721K shares representing 5.17% ownership of the company. In its prior filing, the firm reported owning 65,115K shares , representing an increase of 10.46%. The firm increased its portfolio allocation in SNAP by 59.21% over the last quarter.
Bank Of America holds 67,244K shares representing 4.78% ownership of the company. In its prior filing, the firm reported owning 66,836K shares , representing an increase of 0.61%. The firm increased its portfolio allocation in SNAP by 37.27% over the last quarter.
Capital World Investors holds 46,573K shares representing 3.31% ownership of the company. In its prior filing, the firm reported owning 46,272K shares , representing an increase of 0.65%. The firm increased its portfolio allocation in SNAP by 43.48% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 32,774K shares representing 2.33% ownership of the company. In its prior filing, the firm reported owning 32,865K shares , representing a decrease of 0.28%. The firm increased its portfolio allocation in SNAP by 40.31% over the last quarter.
Snap Background Information
(This description is provided by the company.)
Snap Inc. is a camera company. Snap believes that reinventing the camera represents its greatest opportunity to improve the way people live and communicate. The company contributes to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together.
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