Snap stock: buy or sell

SNAP stock price: $57.43 -0.49% At close on Mar 5th, 2021

Updated on:
Mar 7th, 2021

1

Snap stock brief

  • Snap stock merely changed -0.49% to close at $57.43 on the stock market today, after 4 consecutive sessions in red.
  • The price is currently under the lower Bollinger band, which often indicates a short-term rebound that you should not try to trade
  • The stock is configuring an uptrend pattern since March 2020, when it bottomed at $7.89. This rally marked a 627.88% gain
  • Canaccord Genuity, Credit Suisse Group, Jefferies Financial Group and 4 others posted strong positive ratings for Snap last Tuesday, with an average target of $85.14
  • Snap Inc. operates as a camera company in the United States and internationally.

Should I buy Snap stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $SNAP stock a buy?

In the current situation of Snap there is not any eligible buy setup. This doesn't mean $SNAP will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Snap stock?

Knowing when to sell a stock is even harder than knowing when to buy it. Trading strategies help us to avoid rash decisions based on our sentiments or the buzz surrounding the market. When selling, as well as buying, detailed setups are very simple to use but are only valid for selling shares in your porfolio, not for selling short Snap stock

A guiding principle is that you should not keep a trade that results in higher than expected losses by the time of the buy. The moment to sell your stock should always be determined by the stop-loss (automatic or manual)

Is it time to sell Snap stock?

In the current situation of Snap there is not any eligible sell setup, so Snap stock holders with operations in profit can keep their positions

Snap ratings

In the last 30 days, 40 brokerage ratings were published for Snap. General sentiment is bullish, with 25 out of 40 publishing positive outlooks

Snap analysts' ratings - Last month
Brokerage firmRating
Feb 5th, 2021
140166 Neutral
Canaccord Genuity Neutral
Cowen Buy
Deutsche Bank Aktiengesellschaft Strong buy
Huber Research SellBuy
JMP Securities Buy
KeyCorp Buy
Oppenheimer Buy
Pivotal Research Strong buy
Rosenblatt Securities Strong buy
Stifel Nicolaus Strong buy
Susquehanna Neutral
Truist Neutral
Wedbush Neutral
Feb 8th, 2021
Morgan Stanley
Feb 9th, 2021
Argus Strong buy
Feb 12th, 2021
Citigroup Neutral
Feb 22nd, 2021
Morgan Stanley
Feb 24th, 2021
Canaccord Genuity Neutral
Cowen Buy
Credit Suisse Group Buy
Deutsche Bank Aktiengesellschaft Neutral
Evercore ISI Neutral
Jefferies Financial Group Strong buy
KeyCorp Buy
MKM Partners Neutral
Oppenheimer Buy
Piper Sandler Buy
Pivotal Research Strong buy
Rosenblatt Securities Strong buy
Truist Neutral
UBS Group Strong buy
Mar 1st, 2021
Morgan Stanley
Mar 2nd, 2021
Canaccord Genuity Neutral
Credit Suisse Group Buy
Jefferies Financial Group Strong buy
KeyCorp Buy
Piper Sandler Buy
Rosenblatt Securities Strong buy
UBS Group Strong buy

Snap stock analysis

Snap stock started an uptrend in March 2020, and grew an amazing 627.88%. The chart shows higher highs and higher lows, and along the way gave some entry points for those who wanted to invest. Latest low was last January, when price bounced at $48.14. Like in all uptrends, price needs to rest and now price is moving in a range between $73.59 and $48.14

SMAs overview

SNAP stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $73.59 (28.14% above)
  • The current supports are:

  • S1: $57.39 (-0.07% below)
  • S2: $54.71 (-4.74% below)
  • S3: $48.14 (-16.18% below)
  • Bollinger bands

    Price levels both above or below the Bollinger Bands indicate that the price has followed a strong trend that has led to extreme highs or lows. At this point, the price is lower the upper band, meaning a possible short-term bounce (at least) until it is back above the band

    SNAP stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on February 25 after just crossing to the overbough zone for just one day (weak signal). The RSI value on Friday was 43.53. Since that level was lost, Snap shares collapsed a 17.33%

    SNAP stock RSI chart

    Snap stock price history

    Snap IPO was on Mar 2nd, 2017 priced at $24.00 per share1. Since then, SNAP stock surged by 139.29%, with an average of 34.82% per year. If you had invested thousand dollars in Snap stock on the IPO, it would be valued $2,392.92 today.

    1: Adjusted price after possible price splits or reverse-splits

    SNAP stock price history chart

    Price target for Snap stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a particular stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions post their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial data by the company, and many times. Again, these targets are not direct recommendations for individual investors and must not be trusted blindly.

    Averaging all price targets exposed below, the predicted price for Snap stock is $75.80. That is a 31.99% than the current price ($57.43).

    Snap stock price predictions
    Brokerage firmPrice target
    Feb 5th, 2021
    140166 $40.00$58.00
    Canaccord Genuity $58.00$62.00
    Cowen $62.00$70.00
    Deutsche Bank Aktiengesellschaft $48.00$60.00
    Huber Research Not available
    JMP Securities $40.00$75.00
    KeyCorp $60.00$63.00
    Oppenheimer $40.00$70.00
    Pivotal Research $81.50
    Rosenblatt Securities $50.00$70.00
    Stifel Nicolaus $60.00$70.00
    Susquehanna $40.00$58.00
    Truist $43.00$61.00
    Wedbush $34.50$52.00
    Feb 8th, 2021
    Morgan Stanley $46.00$50.00
    Feb 9th, 2021
    Argus $50.00$80.00
    Feb 12th, 2021
    Citigroup $29.00$40.00
    Feb 22nd, 2021
    Morgan Stanley $80.00
    Feb 24th, 2021
    Canaccord Genuity Not available
    Cowen $70.00$86.00
    Credit Suisse Group $65.00$80.00
    Deutsche Bank Aktiengesellschaft $60.00$74.00
    Evercore ISI $57.00$75.00
    Jefferies Financial Group $61.00$85.00
    KeyCorp $63.00$87.00
    MKM Partners $65.00$83.00
    Oppenheimer $70.00$82.00
    Piper Sandler $66.00$83.00
    Pivotal Research $81.50$95.00
    Rosenblatt Securities $70.00$100.00
    Truist $61.00$84.00
    UBS Group $70.00$85.00
    Mar 1st, 2021
    Morgan Stanley $80.00$85.00
    Mar 2nd, 2021
    Canaccord Genuity $62.00$76.00
    Credit Suisse Group $65.00$80.00
    Jefferies Financial Group $61.00$85.00
    KeyCorp $63.00$87.00
    Piper Sandler $66.00$83.00
    Rosenblatt Securities $70.00$100.00
    UBS Group $70.00$85.00

    Earnings and financials

    Snap Inc. ($SNAP) reported quarterly earnings of $0.09 per share in early February, highly improving the Wall St consensus estimate of $0.07 per share. This quarterly report represents an earnings surprise of 28.57%. Company's revenue resulted of $911.3 million versus $857.4 million estimated by market consensus.

    Same quarter last year, reported EPS was $0.03, so recently reported EPS is a gain of 200.00%. Revenue exploded a 62.48% on an annualized basis in the , from $5.6B to $9.1B last quarter.

    Snap ($SNAP) presents financial report mid next April. Wall Street forecasts of $-0.05, compared to previous quarter that was $0.09.

    Snap performance

    SNAP performance compared
    Company1m3m6m
    Snap ($SNAP) -4.50% 22.10% 147.00%

    Disclaimer:
    The viewpoints contained in this post are personal and not recommendations for you to buy or sell shares. The author of this text does not know the particular conditions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for educative purposes only

    Snap summary

    Friday, March 5th, 2021
    Open$57.9
    Close$57.43
    Day range$51.32 - $57.95
    Previous close$57.71
    Session gain-0.49%
    Average true range$6.38
    50d mov avg$56.92
    100d mov avg$49.56
    200d mov avg$36.10
    Earnings dateApril 20th, 2021

    Frequently asked questions

    What is Snap stock symbol?

    Snap Inc. is a public company trading in the US stock market with the SNAP symbol

    Is Snap stock a buy or sell?

    Snap received 40 ratings in the last 30 days: 25 bullish, 0 bearish and 12 neutral.

    Will SNAP go up?

    Snap had different price predictions issued by analysts in the last 4 weeks setting the target price to $75.80. That is a 31.99% than the last price ($57.43).