RBC keeps Snap stock at Sector Perform with USD 8.00 target
Published on 10/05/2026 at 05:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Snap Inc. (US83304A1060) is covered by a USD 8.00 target and Sector Perform rating from RBC, which reiterated both on September 17, 2026, according to MarketBeat. The target is above Snap's latest Nasdaq quote, but the unchanged rating keeps the signal cautious rather than bullish.
RBC target meets stronger revenue
Snap generated USD 1.60 billion in revenue in the second quarter of 2026, up 18.90 percent from the second quarter of 2025. The adjusted loss was USD 0.10 per share, compared with a USD 0.12 consensus loss, while reported net loss reached USD 164.0 million.
Yahoo Finance identifies the second-quarter revenue at USD 1.60 billion and the net loss at USD 163.96 million. Snap's operating cash flow was USD 176.2 million in the same period, giving investors a second measure of operating progress alongside revenue growth.
SPECS adds a new execution test
Snap's latest product push centers on SPECS, its augmented-reality glasses platform. In a September 16, 2026 release, Snap introduced SPECS Intelligence and said consumers could try the glasses at a Los Angeles First Look location beginning October 1, 2026.
The commercial test is substantial: SPECS glasses were offered for pre-order at USD 2,195, while the connected case bundle was priced at USD 2,395. Snap also named partnerships with Salesforce, Amazon Web Services, NVIDIA, Verizon, Orange and EE, linking the hardware launch to both consumer and enterprise distribution.
Nasdaq quote stays below target
Snap was last at USD 5.58 on Nasdaq on October 2, 2026 at 3:59 p.m. EDT. The quote stood USD 2.42 below RBC's USD 8.00 target, while the 52-week range was USD 3.81 to USD 9.13 and market capitalization was USD 9.4 billion as of October 2, 2026.
Snap Inc. market profile
- Company: Snap Inc.
- ISIN: US83304A1060
- Ticker: SNAP
- Primary exchange: NYSE
- Market capitalization: USD 9.4 billion (as of October 2, 2026)
- 52-week range: USD 3.81-USD 9.13 (as of October 2, 2026)
- Sector / Industry: Communication Services / Internet Content and Information
