- Utah has initiated a lawsuit against Snap Inc., alleging the creation of addictive features targeting young users.
- Analysts offer an average price target of $9.59 for SNAP, presenting a potential upside of nearly 10%.
- The stock's current "Hold" recommendation underscores a cautious investment approach.
Utah has taken legal action against Snap Inc. (SNAP), asserting that the social media giant intentionally designed features to captivate young users, creating addiction and misleading parents about safety measures. This lawsuit is part of a broader trend, joining actions against Meta (META) and TikTok—all aimed at prioritizing the well-being of children over corporate profits.
Wall Street Analysts' Forecast
According to projections from 34 analysts, Snap Inc. (SNAP) is expected to reach an average price target of $9.59 within a year. With a high estimate of $15.00 and a low of $6.50, these figures hint at a potential upside of 9.95% from the current stock price of $8.73. Investors can access more in-depth data on the Snap Inc (SNAP, Financial) Forecast page.
Brokerage Recommendations
Among 43 brokerage firms, Snap Inc. maintains an average "Hold" recommendation with a score of 2.9. This rating uses a scale where 1 represents a Strong Buy and 5 suggests a Sell, reflecting a tempered investor sentiment.
GuruFocus Valuation
GuruFocus estimates the GF Value for Snap Inc. to be $13.44 in one year. This projection indicates a significant potential upside of 54.04% from the current price of $8.725. The GF Value offers a fair stock valuation based on historical trading multiples, as well as past and future business performance estimates. Further valuation data is available on the Snap Inc (SNAP, Financial) Summary page.
