Wedbush analyst Michael Pachter reiterated a Hold rating on Snap (NYSE:SNAP) on Thursday, setting a price target of $34.5, which is approximately 29.52% below the present share price of $48.95.
Pachter expects Snap to post earnings per share (EPS) of -$0.14 for the first quarter of 2021.
The current consensus among 19 TipRanks analysts is for a Moderate Buy rating of shares in Snap, with an average price target of $55.88.
The analysts price targets range from a high of $70 to a low of $29.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $678.67 million and a net profit of -$167.86 million. The company's market cap is $72.93 billion.
According to TipRanks.com, Wedbush analyst Michael Pachter is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.4% and a 62.31% 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.