Snap stock: buy or sell
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
| Brokerage firm | Rating |
|---|---|
| Feb 5th, 2021 | |
| 140166 | Neutral |
| Canaccord Genuity | Neutral |
| Cowen | Buy |
| Deutsche Bank Aktiengesellschaft | |
| Huber Research | Sell → Buy |
| JMP Securities | Buy |
| KeyCorp | Buy |
| Oppenheimer | Buy |
| Pivotal Research | |
| Rosenblatt Securities | |
| Stifel Nicolaus | |
| Susquehanna | Neutral |
| Truist | Neutral |
| Wedbush | Neutral |
| Feb 8th, 2021 | |
| Morgan Stanley | |
| Feb 9th, 2021 | |
| Argus | |
| 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 | |
| KeyCorp | Buy |
| MKM Partners | Neutral |
| Oppenheimer | Buy |
| Piper Sandler | Buy |
| Pivotal Research | |
| Rosenblatt Securities | |
| Truist | Neutral |
| UBS Group | |
| Mar 1st, 2021 | |
| Morgan Stanley | |
| Mar 2nd, 2021 | |
| Canaccord Genuity | Neutral |
| Credit Suisse Group | Buy |
| Jefferies Financial Group | |
| KeyCorp | Buy |
| Piper Sandler | Buy |
| Rosenblatt Securities | |
| UBS Group | |
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
Supports and resistances
The current resistance levels are:
The current supports are:
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
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 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
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).
| Brokerage firm | Price 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 $0.09.
Snap performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Snap ($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 onlySnap 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 date | April 20th, 2021 |