Snapchat SNAP Stock Forecast 2023
SNAP Stock Forecast: Latest Price
Snap Inc. (SNAP) is a publicly traded company on the New York Stock Exchange (NYSE) that operates the social media platform Snapchat.
Snapchat is a popular mobile application that allows users to share photos and videos that disappear after a short period of time. The platform has also expanded to include features such as messaging, news articles, and entertainment content.
Latest Snap Stock News
- Snapchat is introducing advertising and marketing tools for beauty brands, which consist of non-live beauty Lenses, Bitmoji makeup drops, and the “Total Takeover” ad tool. And a collaboration with NYX will bring an augmented reality experience named “Beauty Bestie” to the platform.
- Snapchat is also enabling brands to target their messages using relevant search terms from chats with the “My AI” messaging bot.
Snap Stock Price Prediction for the Next 12 Months
| Average SNAP Stock Forecast for the next 12 Months | $8.1 |
| China Renaissance | $7 |
| Citigroup | $11 |
| Goldman Sachs | $7 |
| Morgan Stanley | $6.5 |
| Wells Fargo | $9 |
SNAP Stock Forecast Today
| Overall Outlook | Neutral |
| 1. Market's Wisdom | Bearish |
| 1a. Market Data | Bearish |
| 1b. Technical Recommendation | Neutral |
| 2. Crowd's Wisdom | Partially Bullish |
| 2a. Social Media Buzz | Higher |
| 2b. Social Media Sentiment | Steady |
Snap Stock Performance
- Last 1 Month: -0.1%
- Last 6 Months: -14.8%
- Last 1 Year: -21.7%
Snap Stock Forecast: Quarterly Results
| (USD) | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
| Revenue | 1.07B | 988.61M | 1.3B | 1.13B |
| Net income | -377.31M | -328.67M | -288.46M | -359.5M |
| Diluted EPS | -0.24 | -0.21 | -0.18 | -0.22 |
| Net profit margin | -35.34% | -33.25% | -22.19% | -31.86% |
| Operating income | -404.34M | -365.26M | -253.21M | -280.68M |
| Net change in cash | -350.04M | 154.94M | -495.96M | -379.29M |
| Cash on hand | – | – | – | – |
| Cost of revenue | 496.87M | 439.99M | 475.12M | 452.36M |
| EPS | Revenue | |
| Jun 2023 | Beat 52.95% | Beat 0.71% |
| March 2023 | Beat 168.68% | Miss 2.19% |
| Dec 2022 | Beat 16% | Miss 0.62% |
| Sept 2022 | Beat 1051.25% | Miss 0.92% |
Major Snap Inc Stock Holders
Stock Distribution
- 9.39% of Shares are held by All Insiders.
- 52.92% of Shares are held by Institutions.
- 58.41% of Float is held by Institutions.
Major Institutional Holders
**As of December 30, 2022**
| Shares | |
|---|---|
| FMR, LLC | 145,377,594 |
| Vanguard Group, Inc. (The) | 89,625,880 |
| Blackrock Inc. | 35,326,715 |
| Capital World Investors | 30,526,812 |
| Goldman Sachs Group Inc | 26,978,240 |
| Shaw D.E. & Co., Inc. | 24,382,455 |
Sumitomo Mitsui Trust Holdings Inc. has increased its holdings in shares of Snap Inc. by 6.6% during the fourth quarter of 2022. The firm now owns 4,757,142 shares of the company.
Snapchat Stock Forecast: Bull Case
One bull case for Snap Inc. (SNAP) could be its potential for continued user growth and engagement levels. The company has reported strong growth in its user base over the past several years, with over 300 million active users as of 2021. In 2023, Snapchat had 375 Million Daily Active Users. Snapchat has 100 million daily active users in North America and 92 million in Europe as of 2023.
| Quarter 1 2022 | 332 million |
| Quarter 2 2022 | 347 million |
| Quarter 3 2022 | 363 million |
| Quarter 4 2022 | 375 million |
Another potential positive for Snap is its advertising revenue, which has been growing steadily in recent years. The company has been successful in attracting advertisers to its platform and has been investing in new ad formats and targeting capabilities to improve its offerings. Snapchat claims that advertisements on the platform can reach 634.8 million users as of March 2023.
Snap’s leadership has demonstrated a willingness to take risks and invest in new technologies and products. This can be seen through the company’s acquisitions of companies such as Zenly and Bitmoji, as well as its development of new features like Snap Map and Discover.
Snapchat Stock Forecast: Bear Case
One major bear case for Snapchat is the competition. Snap Inc. (SNAP) faces tough competition from other social media platforms. Snapchat competes with other popular social media apps such as Instagram and TikTok, which have larger user bases and more established advertising offerings.
Another potential negative for Snap is its dependence on younger demographics. While the company’s popularity among younger users can be attractive to advertisers, it also puts Snap at risk if younger users shift to other platforms or if there is a generational shift in social media usage.
Regulatory concerns add to Snap’s bear case and it could impact business majorly. The company has faced scrutiny over issues such as data privacy and the spread of misinformation on its platform. Changes to regulations or increased public scrutiny could impact Snap’s operations and potentially lead to decreased growth or revenue.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.