• Snap Inc. (NYSE:SNAP) has experienced a significant stock decline of 85% from its maximum price in 2021, presenting a potential buying opportunity for investors.
• Wells Fargo analyst Ken Gawrelski sets a price target of $15 for SNAP, indicating a potential increase of approximately 19.52%.
• Despite volatility, SNAP's market capitalization and trading volume suggest it remains a significant player in the social media industry.

Snap Inc. (NYSE:SNAP) is a prominent player in the social media industry, known for its innovative platform that allows users to share multimedia messages. Despite its popularity, SNAP has faced challenges, with its stock experiencing a significant decline of 85%. This downturn presents a potential opportunity for investors to consider buying shares at a lower price.

On January 13, 2025, Ken Gawrelski from Wells Fargo set a price target of $15 for SNAP. At the time, SNAP's price was $12.55, suggesting a potential increase of approximately 19.52% to reach the target. This optimistic outlook indicates confidence in SNAP's ability to recover and grow in the future.

Currently, SNAP's stock price on the NYSE is $12.47, reflecting a slight increase of 3.57% or $0.43. The stock has shown volatility, with today's price fluctuating between a low of $11.88 and a high of $13.28. Over the past year, SNAP's stock has reached a high of $17.50 and a low of $8.29, highlighting its unpredictable nature.

Despite the recent drop, Snap remains a noteworthy player in the social media industry, as highlighted by The Motley Fool. The company's market capitalization stands at approximately $20.91 billion, with a trading volume of 50.26 million shares. This indicates that SNAP still holds significant value and interest among investors.

Investors may see the current situation as a chance to buy SNAP shares before potential growth. With a price target set by Wells Fargo and the company's continued presence in the market, SNAP could offer promising returns for those willing to take the risk.