Snap (SNAP)

• Market cap: $12.9B
• 1 day: -3.43%
• 5 days: -6.97%
• 1 month: -18.44%
• 3 months: -27.94%
• 6 months: -26.33%
• Year to date: -32.30%
• 1 year: -31.69%
• 5 years: -38.83%
• 10 years: -68.91%
• Sector: Communication Services
• Industry: Internet Content & Information

About: Snap is a technology company best known for its marquis social media application Snapchat, a visual messaging application that has amassed hundreds of millions of users. The app was initially only used to communicate with family and friends through photographs and short videos (known as "Snaps"). Users can now enjoy augmented reality, or AR, lenses, content from famous creators and celebrities, updates about local events, and more. Although the app offers a paid subscription option with premium features, advertising sales produce most of the app's revenue. The firm also sells wearable devices called AR Spectacles, which can capture photos and videos overlayed with AR lenses, but these make up a small portion of Snap's overall sales.

Employees: 4,911

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

105% more call options, than puts

Call options by funds: $960M | Put options by funds: $467M

32% more first-time investments, than exits

New positions opened: 102 | Existing positions closed: 77

2% more funds holding

Funds holding: 545 [Q3] → 554 (+9) [Q4]

1% less capital invested

Capital invested by funds: $9.18B [Q3] → $9.09B (-$83.1M) [Q4]

9% less repeat investments, than reductions

Existing positions increased: 160 | Existing positions reduced: 175

2.54% less ownership

Funds ownership: 61.84% [Q3] → 59.29% (-2.54%) [Q4]

13% less funds holding in top 10

Funds holding in top 10: 8 [Q3] → 7 (-1) [Q4]

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $8 5% upside
• Avg. target: $10.92 44% upside
• High target: $16 110% upside

13 analyst ratings

• positive: 3 23%
• neutral: 9 69%
• negative: 1 8%

Morgan Stanley Brian Nowak 42% 1-year accuracy 16 / 38 met price target	5% upside $8	Equal-Weight Maintained	17 Apr 2025
Canaccord Genuity Maria Ripps 38% 1-year accuracy 12 / 32 met price target	31% upside $10	Hold Maintained	17 Apr 2025
Citigroup Ronald Josey 29% 1-year accuracy 18 / 62 met price target	18% upside $9	Neutral Maintained	14 Apr 2025
Goldman Sachs Eric Sheridan 40% 1-year accuracy 23 / 58 met price target	25% upside $9.50	Neutral Maintained	14 Apr 2025
UBS Lloyd Walmsley 37% 1-year accuracy 7 / 19 met price target	18% upside $9	Neutral Maintained	11 Apr 2025