Market Cap18.011B Shares Out1.58B 10 Day Average Volume27.54M. While Snap remains deeply unprofitable based on generally accepted accounting principles (GAAP), the company is finally approaching break-even free cash flow (FCF), burning only $7 million in cash over the last 12 months - versus more than $700 million burned in 2018, for example. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Get Snap Inc (SNAP:NYSE) real-time stock quotes, news, price and financial information. Indeed, it bears repeating that KeyBank still considers Snap stock a buy, and that even the banker's lowered price target still implies 40% upside. Snap Inc - Class A () Stock Market info Recommendations: Buy or sell Snap Inc - Class A stock Wall Street Stock Market & Finance report, prediction for the future: Youll find the Snap Inc - Class A share forecasts, stock quote and buy / sell signals below. ![]() Snap ( SNAP) stock closed down 6 on Thursday after the reality TV star said she is no longer using the app. What KeyBank really seems to be saying here is that it worries investors won't pay as high a multiple for Snap's sales - not that it doesn't like the stock. Kylie Jenner is not happy about Snapchat's new redesign. ![]() As reports, KeyBank cut its Snap price target to $36 per share, and despite maintaining an overweight rating on the stock, it sees "ongoing ad measurement headwinds" driving shifts out of social media, and warns that Snap will also suffer "margin pressure from investment." Now what One investor in particular, investment bank KeyBank, announced this morning that it is cutting its price target on Snap stock by more than half, and it pointed to Meta Platforms' earnings report as part of the reason. Not an offer or recommendation by Stocktwits. ![]() And that poor performance appears to have upset investors in Snap as well. Snap Inc Stock - SNAP Share Price Today, News and Discussion 3rd Party Ad. Meta Platforms missed on earnings, only barely beat on sales estimates for the fourth quarter of 2021, and predicted as much as a 10% sales miss for the first quarter of 2022.
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