Stifel Nicolaus analyst John Egbert reiterated a Buy rating on Snap (NYSE:SNAP) on Wednesday, setting a price target of $32, which is approximately 18.52% above the present share price of $27.
Egbert expects Snap to post earnings per share (EPS) of -$0.23 for the fourth quarter of 2020.
The current consensus among 29 TipRanks analysts is for a Moderate Buy rating of shares in Snap, with an average price target of $27.97.
The analysts price targets range from a high of $35 to a low of $18.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $454.16 million and a net profit of -$310.61 million. The company's market cap is $39.67 billion.
According to TipRanks.com, Stifel Nicolaus analyst John Egbert is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.8% and a 60.56% success rate.
Snap, Inc. engages in the operation of its camera platform. Its products include Snapchat, using the camera and editing tools to take and share Snaps, Friends Page, which lets users create and use Stories, Groups, Video and Chat, Discover for searching and surfacing relevant Stories, Snap Map, which shows friends, Stories and Snaps near the user, Memories, for saving personal collections, and Spectacles, wearable sunglasses capable of taking Snaps and interacting directly with the Snapchat application. The company's primary source of revenue is advertising. Snap was founded by Frank Reginald Brown IV, Evan Thomas Spiegel, and Robert C. Murphy in 2010 and is headquartered in Santa Monica, CA.