Fintel reports that on April 26, 2024, HSBC upgraded their outlook for Snap (NYSE:SNAP) from Reduce to Hold.

Analyst Price Forecast Suggests 19.06% Upside

As of April 17, 2024, the average one-year price target for Snap is 13.57. The forecasts range from a low of 8.08 to a high of $21.00. The average price target represents an increase of 19.06% from its latest reported closing price of 11.40.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Snap is 6,130MM, an increase of 27.38%. The projected annual non-GAAP EPS is 0.53.

What is the Fund Sentiment?

There are 916 funds or institutions reporting positions in Snap. This is an increase of 35 owner(s) or 3.97% in the last quarter. Average portfolio weight of all funds dedicated to SNAP is 0.27%, an increase of 30.89%. Total shares owned by institutions increased in the last three months by 5.78% to 837,908K shares. The put/call ratio of SNAP is 0.49, indicating a bullish outlook.

What are Other Shareholders Doing?

FBGRX - Fidelity Blue Chip Growth Fund holds 77,789K shares representing 4.71% ownership of the company. No change in the last quarter.

SRS Investment Management holds 65,115K shares representing 3.94% ownership of the company. In its prior filing, the firm reported owning 52,662K shares , representing an increase of 19.12%. The firm increased its portfolio allocation in SNAP by 97.11% over the last quarter.

Capital World Investors holds 45,887K shares representing 2.78% ownership of the company. In its prior filing, the firm reported owning 45,613K shares , representing an increase of 0.60%. The firm increased its portfolio allocation in SNAP by 71.62% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 32,819K shares representing 1.99% ownership of the company. In its prior filing, the firm reported owning 32,142K shares , representing an increase of 2.06%. The firm increased its portfolio allocation in SNAP by 73.37% over the last quarter.

AGTHX - GROWTH FUND OF AMERICA holds 29,900K shares representing 1.81% ownership of the company. No change in 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.