Do Analysts Expect Snap Inc (SNAP) Stock to Rise After It Has Risen 31.90% in a Month?

Wall Street is positive on Snap Inc ( SNAP ). On average, analysts give Snap Inc a Buy rating. The average price target is $12.464, which means analysts expect the stock to fall by -27.20% over the next twelve months. That average ranking earns Snap Inc an Analyst Rating of 16, which is better than 16% of stocks based on data compiled by InvestorsObserver . Wall Street analysts are rating SNAP a Buy today. Find out what this means to you and get the rest of the rankings on SNAP! See Full SNAP Report Why are Analyst Ratings Important? A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors. What's Happening With Snap Inc Stock Today? Snap Inc (SNAP) stock is trading at $17.12 as of 9:31 AM on Friday, Dec 29, a gain of $0.08, or 0.44% from the previous closing price of $17.05. The stock has traded between $17.00 and $17.13 so far today. Volume today is light. So far 49,691 shares have traded compared to average volume of 24,396,349 shares. Click Here to get the full Stock Report for Snap Inc stock.