Snap Inc. (NYSE:SNAP) is one of the best beaten down stocks to invest in according to analysts. On December 2, analysts at Guggenheim reiterated a Neutral rating and $8 price target on Snap Inc. (NYSE:SNAP).
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The Neutral stance follows an analysis of the company’s Ads Manager audience reach and Apptopia download data that showed soft growth in November, hurt by the international slowdown. Global downloads tracked by Apptopia are also down in 2025 as domestic usage declines persist across data sources.
Meanwhile, Guggenheim expects Snap to deliver 474 million fourth-quarter daily active users, a three-million-user decline. It will align with management forecasts as the company faces headwinds, including the requirement for age verification on the platform. Nevertheless, the research firm is optimistic that Snap will reach 1 billion global monthly active users by the end of next year. The company delivered a 10% year-over-year increase in revenue in the third quarter to $1.51 billion. It has also inked a strategic partnership with Perplexity, expected to bring in 400 million.
Meanwhile, on December 11, Jefferies reiterated its Buy rating and $10 price target. RBC Capital analyst Brad Erickson, on the other hand, reiterated a Hold rating on the stock on December 18 and maintained a $10 price target.
Snap Inc. (NYSE:SNAP) is a social media and camera company best known for its Snapchat app, which focuses on visual communication through disappearing messages, AR Lenses, Stories, Spotlight (short videos), and Snap Map, and generates revenue primarily from business ads.
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Disclosure: None. This article is originally published at Insider Monkey.
