B. Riley Securities' Snap Price Target Signals Strong Recovery Potential

B. Riley Securities lifted its outlook on Snap (NYSE:SNAP) to Buy on February 5, 2026, signaling renewed confidence in the social media platform. This upgrade comes alongside compelling price projections that suggest significant upside for investors betting on the company’s momentum.

Analyst Price Targets Paint Optimistic Picture

As of February 3, 2026, Wall Street’s consensus pegs Snap’s average one-year price target at $10.02 per share, implying a 69.47% climb from its then-current level of $5.91. The riley price forecasts range widely—from as low as $7.07 to as high as $16.80—but the upward bias is unmistakable. This represents a compelling opportunity in Fintel’s leaderboard of stocks with the largest price target upside.

Beyond valuation multiples, the numbers paint a growth story. Snap’s projected annual revenue is expected to reach 6,692MM, reflecting a 12.82% year-over-year increase. Non-GAAP EPS is forecasted at 1.77, further validating the bull case.

What Fund Sentiment Reveals

Institutional interest in Snap remains substantial, with 760 funds and institutions holding positions—though this represents a 61-entity decrease (7.43%) from the prior quarter. The average portfolio weight across all institutions stands at 0.09%, having climbed 16.75% despite the declining participant count.

Total shares held by institutions did contract 19.90% to 776,128K shares over the three-month period. However, the put/call ratio of 0.34 continues to flash bullish signals, suggesting options traders are betting on upside momentum.

Major Holders Adjusting Their Bets

Capital World Investors maintains the largest stake with 87,272K shares (5.96% ownership), up 1.51% from prior filings—though it reduced overall portfolio allocation by 15.34% last quarter. This mixed signal suggests selective profit-taking despite maintaining core exposure.

FBGRX—Fidelity Blue Chip Growth Fund—holds 74,448K shares representing 5.08% ownership, down 12.52% sequentially. The fund also trimmed its SNAP weighting by 14.94%, indicating more cautious positioning.

Capital International Investors controls 37,780K shares (2.58%), essentially flat quarter-over-quarter with minimal 0.25% growth. Yet it similarly cut portfolio allocation by 16.63%.

Vanguard’s Total Stock Market Index Fund (VTSMX) holds 34,238K shares representing 2.34% of the company, with holdings declining 0.28% despite a 11.23% reduction in portfolio weighting.

American Funds Insurance Series—Growth Fund Class 1 maintains 27,200K shares (1.86%), unchanged from the last quarter.

The pattern reveals a sophisticated institutional repositioning: managers are maintaining or modestly growing holdings while being more selective about overall exposure—a nuanced stance that mirrors B. Riley’s upgraded stance, suggesting conviction remains even as allocation discipline tightens.