US companies have kickstarted the earnings season for the third quarter. Around 170 S&P 500 companies have released quarterly results so far, with around 75% of those exceeding market estimates. Some social media companies have already reported their quarterly earnings and investors keenly await the rest.
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.
Here's a look at some of the big social media stocks from several analysts, according to Benzinga Analyst Stock Ratings.
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Twitter, Inc. (NYSE:TWTR)
Recent Analyst Ratings
- Citigroup’s analyst Ronald Josey maintained a Neutral rating on the company's stock on October 6, 2022, while raising the price target from $40 to $54.2.
Accuracy Rate: 71%
- Rosenblatt analyst Barton Crockett maintained a Neutral rating the company's stock on October 5, 2022 and increased the price target from $37 to $54.2
Accuracy Rate: 52%
Recent News: Tesla CEO Elon Musk reportedly has no plans to cut Twitter's staff by 75% after he takes over the social media company.
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Pinterest, Inc. (NYSE:PINS)
Recent Analyst Ratings
- Credit Suisse analyst Stephen Ju maintained a Neutral rating on the company’s stock on October 11, 2022, but lowered the price target from $26 to $25.
Accuracy Rate: 62%
- Goldman Sachs analyst Eric Sheridan upgraded the rating on the company's stock from Neutral to Buy on October 6, 2022, while raising the price target from $24 to $31.
Accuracy Rate: 77%
Recent News: Pinterest is expected to release financial results for the third quarter 2022 on Thursday, October 27, 2022 after market close.
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Snap Inc. (NYSE:SNAP)
Recent Analyst Ratings
- Stifel analyst Mark Kelley maintained a Hold rating on the company’s stock on October 21, 2022, while lowering the price target from $14 to $9.
Accuracy Rate: 90%
- Susquehanna analyst Shyam Patil maintained a Neutral rating on the company's stock on October 21, 2022 and lowered the price target from $11 to $8.
Accuracy Rate: 35%
Recent News: Snap recently reported its slowest sales growth since going public. The company also said it would not provide guidance on revenue or adjusted EBITDA for the fourth quarter, citing the “operating environment” .
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Match Group, Inc. (NASDAQ:MTCH)
Recent Analyst Ratings
- Jefferies analyst James Heaney assumed a buy rating on the company’s stock on October 26, 2022, but lowered the price target from $90 to $60.
Accuracy Rate: 6%
- Cowen & Co. analyst John Blackledge reiterated an Outperform rating on the company's stock on October 25, 2022 and reduced the price target from $100 to $85.
Accuracy Rate: 40%
Recent News: Match Group is expected to release earnings for the latest quarter on November 1, 2022.
