UPDATE: Deutsche Bank Downgrades Snap Inc (SNAP) to Hold

Snap Inc (SNAP) PT Lowered to $12 at Guggenheim

Guggenheim analyst Michael Morris lowered the price target on Snap Inc (NYSE: SNAP) to $12.00 (from $18.00) while maintaining a Neutral rating.

The analyst commented, " On June 22 we lowered our 2Q22 SNAP ad revenue growth forecast to 10% based on our analysis of third-party ad portal... More

Snap Inc (SNAP) PT Lowered to $10 at Cowen

Cowen analyst John Blackledge lowered the price target on Snap Inc (NYSE: SNAP) to $10.00 (from $17.00) while maintaining a Market Perform rating.

The analyst commented, "SNAP's 2Q topline growth of +13% y/y was 3% below cons, while EBITDA was down... More

Wells Fargo Downgrades Snap Inc (SNAP) to Equal Weight

Wells Fargo analyst Brian Fitzgerald downgraded Snap Inc (NYSE: SNAP) from Overweight to Equal Weight with a price target of $14.00.

For an analyst ratings summary and ratings history on Snap Inc click here. For more ratings news on Snap Inc click here.

Shares of Snap Inc closed at $16.35 yesterday.

UPDATE: Rosenblatt Downgrades Snap Inc (SNAP) to Neutral, 'Too Choppy'

(Updated - July 22, 2022 6:52 AM EDT)

Rosenblatt analyst Barton Crockett downgraded Snap Inc (NYSE: SNAP) from Buy to Neutral with a price target of $14.00 (from $23.00).

The analyst comments "Snap's growth has evaporated exceptionally quickly, with revenues up only 13% in 2Q22 Y/Y... More

MoffettNathanson Downgrades Snap Inc (SNAP) to Neutral

MoffettNathanson analyst Michael Nathanson downgraded Snap Inc (NYSE: SNAP) from Buy to Neutral.

For an analyst ratings summary and ratings history on Snap Inc click here. For more ratings news on Snap Inc click here.

Shares of Snap Inc closed at $16.35 yesterday.

Snap Crashes 30% on Soft Q2 Results, No Guidance and at Least Nine Downgrades

Shares of Snap (NYSE: SNAP) are down almost 30% in premarket trading Friday after the company reported Q2 2022 financial results and announced plans to slow hiring.

Snap reported an adjusted loss per share of 2 cents, compared to the estimated loss per share of 1 cent. Revenue came in at $1.11 billion in the quarter, below the consensus estimates of $1.14 billion. Revenue grew 13% from the year-ago period, compared to analysts expectations of 16% growth.

The number of Global Daily Active Users (DAUs) was reported at 347 million, while analysts were looking for 344.2 million. The social media... More

Snap Inc (SNAP) PT Lowered to $15 at Benchmark

Benchmark analyst Mark Zgutowicz lowered the price target on Snap Inc (NYSE: SNAP) to $15.00 (from $20.00) while maintaining a Buy rating.... More

Snap Inc (SNAP) PT Lowered to $11 at Susquehanna

Susquehanna analyst Shyam Patil lowered the price target on Snap Inc (NYSE: SNAP) to $11.00 (from $14.00) while maintaining a Neutral rating.... More

UPDATE: JPMorgan Double Downgrades Snap Inc (SNAP) to Underweight, Street Low PT $9

(Updated - July 22, 2022 5:58 AM EDT)

JPMorgan analyst Doug Anmuth downgraded Snap Inc (NYSE: SNAP) from Overweight to Underweight with a price target of $9.00 (from $24.00).

The analyst comments "Were downgrading shares of Snap to Underweight & establishing a Dec 23 PT of $9 based on ~2x 2024E revenue. Despite warning in May that its 2Q results would likely come in below the low end of the +20%-25% Y/Y guide, 1) Snaps reported growth of +13% showed... More

Snap Inc (SNAP) PT Lowered to $22 at BofA Securities

BofA Securities analyst Justin Post lowered the price target on Snap Inc (NYSE: SNAP) to $22.00 (from $26.00) while maintaining a Buy rating.... More

Snap (SNAP) options expected to be active as shares lower in premarket

Snap (NYSE: SNAP) 30-day option implied volatility is at 112; compared to its 52-week range of 43 to 128. Call put ratio 1.7 calls to 1 put.

Snap Inc (SNAP) PT Lowered to $16 at Citi

Citi analyst Ronald Josey lowered the price target on Snap Inc (NYSE: SNAP) to $16.00 (from $29.00) while maintaining a Buy rating.... More

Stocks expected to have increasing option volume: MAT SAM SLB SNAP ISRG

Stocks expected to have increasing option volume: MAT SAM SLB SNAP ISRG

Snap Inc (SNAP) PT Lowered to $11 at Piper Sandler

Piper Sandler analyst Thomas Champion lowered the price target on Snap Inc (NYSE: SNAP) to $11.00 (from $18.00) while maintaining a Neutral rating.... More

Atlantic Equities Downgrades Snap Inc (SNAP) to Neutral

Atlantic Equities analyst James Cordwell downgraded Snap Inc (NYSE: SNAP) from Overweight to Neutral with a price target of $13.00 (from $18.00).

For an analyst ratings summary and ratings history on Snap Inc click here. For more ratings news on Snap Inc click here.

Shares of Snap Inc closed at $16.35 yesterday.

Snap Inc (SNAP) PT Lowered to $35 at Credit Suisse

Credit Suisse analyst Stephen Ju lowered the price target on Snap Inc (NYSE: SNAP) to $35.00 (from $45.00) while maintaining a Outperform rating.... More

UPDATE: Truist Securities Downgrades Snap Inc (SNAP) to Hold

(Updated - July 22, 2022 5:12 AM EDT)

Truist Securities analyst Youssef Squali downgraded Snap Inc (NYSE: SNAP) from Buy to Hold with a price target of $12.00 (from $33.00).

The analyst comments "2Q22 results/July's flattish trend/lack of 3Q guide show that SNAP's headwinds from macro,... More

Snap Inc (SNAP) PT Lowered to $15 at Barclays

Barclays analyst Ross Sandler lowered the price target on Snap Inc (NYSE: SNAP) to $15.00 (from $20.00) while maintaining a Overweight rating.... More

UPDATE: Oppenheimer Downgrades Snap Inc (SNAP) to Perform

(Updated - July 22, 2022 5:10 AM EDT)

Oppenheimer analyst Jason Helfstein downgraded Snap Inc (NYSE: SNAP) from Outperform to Perform.

The analyst comments "Downgrading SNAP shares from Outperform to Perform and removing our $22 target. In our opinion, SNAP is now facing too many... More

UPDATE: KeyBanc Downgrades Snap Inc (SNAP) to Sector Weight

(Updated - July 22, 2022 6:47 AM EDT)

KeyBanc analyst Justin Patterson downgraded Snap Inc (NYSE: SNAP) from Overweight to Sector Weight.

The analyst comments "We are downgrading SNAP to Sector Weight as our thesis on share gains is compromised for several reasons: 1) dislocation vs. agency... More

UPDATE: Stifel Downgrades Snap Inc (SNAP) to Hold

(Updated - July 22, 2022 5:11 AM EDT)

Stifel analyst Mark Kelley downgraded Snap Inc (NYSE: SNAP) from Buy to Hold with a price target of $14.00 (from $20.00).

The analyst comments "Snap reported weaker 2Q revenue growth relative to expectations that were already significantly reduced following the... More

UPDATE: Evercore ISI Downgrades Snap Inc (SNAP) to In Line

(Updated - July 22, 2022 5:07 AM EDT)

Evercore ISI analyst Mark Mahaney downgraded Snap Inc (NYSE: SNAP) from Outperform to In Line with a price target of $14.00 (from $26.00).

The analyst comments "We are downgrading shares of SNAP to In Line with a $14 PT. We had expected soft SNAP results, but the magnitude of the weakness still... More

Snap Inc (SNAP) PT Lowered to $10 at RBC Capital

RBC Capital analyst Brad Erickson lowered the price target on Snap Inc (NYSE: SNAP) to $10.00 (from $17.00) while maintaining a Sector Perform rating.... More

Snap Inc (SNAP) PT Lowered to $24 at JMP Securities

JMP Securities analyst Andrew Boone lowered the price target on Snap Inc (NYSE: SNAP) to $24.00 (from $42.00) while maintaining a Market Outperform rating.... More

UPDATE: Goldman Sachs Downgrades Snap Inc (SNAP) to Neutral

(Updated - July 22, 2022 5:09 AM EDT)

Goldman Sachs analyst Eric Sheridan downgraded Snap Inc (NYSE: SNAP) from Buy to Neutral with a price target of $12.00 (from $25.00).

The analyst comments "Snaps Q2 22 earnings report was broadly negative with a mixture of a revenue... More

After-Hours Movers: Snap Plunges on Weak Results and Lack of Guidance

After-Hours Stock Movers:

Snap (NYSE: SNAP) 26% LOWER; reported Q2 EPS of ($0.02), versus the analyst estimate of ($0.20). Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $1.15 billion. DAUs were 347 million in Q2 2022, an increase of 54 million, or 18%, year-over-year. Given uncertainties related to the operating environment, we are not providing our expectations for revenue or adjusted EBITDA for the third quarter of 2022.

Intuitive Surgical (NASDAQ:... More

Seagate (STX) Warning More Important Than Snap (SNAP) Disaster - Chanos

Short seller and hedge fund manager Jim Chanos said on Twitter he thinks Seagate Technology's (NASDAQ: STX) warning after the close Thursday may be more important than Snap's (NYSE: SNAP) miss and lack of guidance.

Seagate reported Q4... More

Snap (SNAP) Shares Plunge 25% Following Weak Q2 Results, Lack of Guidance

Snap (NYSE: SNAP) shares plunged 25% after-hours following the companys weak second-quarter earnings results and lack of guidance. While EPS of ($0.02) came in better than the consensus estimate, the revenue of $1.11 billion (up 13% year-over-year) missed the consensus estimate of $1.15 billion. Q2 DAU (Daily Active Users) were... More

JPMorgan on Snap (SNAP): 'not giving Q3 guidance which is the focus point of this print', 'directionally negative for the digital ad names'

Analyst Jack Atherton comments "We are initiating coverage on shares of Riverview Acquisition Corp. (RVAC) with a Buy rating and a $15 price target. RVAC is a special purchase acquisition company (SPAC) which recently announced a merger agreement with Westrock Coffee Holdings. Westrock Coffee is a leading integrated coffee, tea,... More

Meta Platforms (META), Other Peers Trade Lower in Sympathy with Snap (SNAP)

(Updated - July 21, 2022 4:57 PM EDT)

Meta Platforms (NASDAQ: META) Trades Lower in Sympathy with Snap (NYSE: SNAP)

Snap shares plunge 25% as economy, fierce competition slow revenue growth

By Sheila Dang

(Reuters) -Snap Inc on Thursday painted a grim picture of the effects of a weakening economy on social media and declined to make a forecast in "incredibly challenging" conditions, sending its shares down 25% and setting off a chain reaction of stocks among rivals.

The Snapchat owner said some advertisers continue to face supply-chain disruptions and labor shortages, and many others are contending with rising costs amid record inflation, which has led to cutbacks in spending on advertising.

The Santa Monica, California-based company said it will significantly slow hiring, invest in its advertising... More

Snap (SNAP) Tops Q2 EPS by 18c, Revenue Misses, Doesn't Provide Guidance

Snap (NYSE: SNAP) reported Q2 EPS of ($0.02), $0.18 better than the analyst estimate of ($0.20). Revenue for the quarter came in at $1.11 billion versus the consensus estimate of $1.15 billion.

Financial... More

Snap (SNAP) option IV increases on more calls than puts into quarter results and outlook

Snap (NYSE: SNAP) July weekly call option implied volatility is at 420, August is at 109; compared to its 52-week range of 43 to 128 into the expected release of quarter results today after the bell. Call put ratio 1.8 calls to 1 put.

Snap (SNAP) weekly option IV increases into quarter results and outlook

Snap (NYSE: SNAP) July weekly call option implied volatility is at 380, August is at 108; compared to its 52-week range of 43 to 128 into the expected release of quarter results today after the bell. Call put ratio 1.4 calls to 1 put.

Snap Inc (SNAP) PT Lowered to $25 at Deutsche Bank

Deutsche Bank analyst Benjamin Black lowered the price target on Snap Inc (NYSE: SNAP) to $25.00 (from $30.00) while maintaining a Buy rating.... More

Snap Inc (SNAP) PT Lowered to $25 at KeyBanc

KeyBanc analyst Justin Patterson lowered the price target on Snap Inc (NYSE: SNAP) to $25.00 (from $27.00) while maintaining a Overweight rating.... More

Snap (SNAP) July weekly 15.50 straddle priced for a move of 19% into quarter results

Snap (NYSE: SNAP) July weekly 15.50 straddle priced for a move of 19% into the expected release of quarter results today after the bell.

Snap (SNAP) call put ratio 2.8 calls to 1 put as shares rally into quarter results and outlook

Snap (NYSE: SNAP) July weekly call option implied volatility is at 300, August is at 107; compared to its 52-week range of 43 to 128 into the expected release of quarter results after the bell on July 21. Call put ratio 2.8 calls to 1 put.

Snap (SNAP) Climbs 6.7%

Snap (NYSE: SNAP) Climbs 6.7%

Popular stocks with increasing volume: SNAP COIN INTC RIOT DIS PLTR RBLX NIO SQ

Popular stocks with increasing volume: SNAP COIN INTC RIOT DIS PLTR RBLX NIO SQ