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Snap Likely To Report Higher Q2 Sales; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Benzinga Earnings08-03 13:43

Snap Inc. (NYSE:SNAP) will release its second quarter earnings report after the closing bell on Monday, Aug. 3.

Analysts expect the Santa Monica, California-based company to report a quarterly loss of 12 cents per share, versus a loss of 16 cents per share in the year-ago period. The consensus estimate for Snap’s quarterly revenue is $1.53 billion. It reported $1.34 billion last year, according to Benzinga Pro.

On May 6, Snap posted better-than-expected first-quarter results.

Snap shares closed at $4.69 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Mizuho analyst Lloyd Walmsley maintained a Neutral rating and cut the price target from $6 to $5 on July 22, 2026. This analyst has an accuracy rate of 82%.
  • UBS analyst Stephen Ju maintained a Neutral rating and slashed the price target from $7 to $5 on July 13, 2026. This analyst has an accuracy rate of 74%.
  • Goldman Sachs analyst Eric Sheridan maintained a Neutral rating and cut the price target from $7 to $6 on July 8, 2026. This analyst has an accuracy rate of 75%.
  • Wells Fargo analyst Alex Brondolo maintained an Equal-Weight rating and cut the price target from $7 to $5 on July 7, 2026. This analyst has an accuracy rate of 53%.
  • JP Morgan analyst Doug Anmuth maintained an Underweight rating and lowered the price target from $7 to $6 on May 7, 2026. This analyst has an accuracy rate of 84%.

Considering buying SNAP stock? Here’s what analysts think:

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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