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Snap Co-Founders Ensure Proposal Approval Before Meeting

Story Highlights
  • Snap Inc. will hold its 2025 annual stockholders meeting online on August 1.
  • Co-founders Spiegel and Murphy will approve key proposals by written consent, ensuring passage.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Snap Co-Founders Ensure Proposal Approval Before Meeting

Elevate Your Investing Strategy:

Snap ( (SNAP) ) has provided an announcement.

Snap Inc. announced its 2025 annual meeting of stockholders will be held online on August 1, 2025. The meeting will address the election of eleven directors and the ratification of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Co-founders Evan Spiegel and Robert Murphy, who hold significant voting power, intend to approve these proposals by written consent, ensuring their passage before the meeting. This move highlights the control and influence the co-founders have over the company’s governance decisions.

The most recent analyst rating on (SNAP) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Snap stock, see the SNAP Stock Forecast page.

Spark’s Take on SNAP Stock

According to Spark, TipRanks’ AI Analyst, SNAP is a Neutral.

Snap’s overall score reflects positive revenue and user growth, bolstered by strategic innovations in AI and AR, as highlighted in the earnings call. However, ongoing profitability challenges and a negative P/E ratio weigh significantly on the valuation and financial performance scores, impacting the overall attractiveness.

To see Spark’s full report on SNAP stock, click here.

More about Snap

Snap Inc. operates in the technology industry, primarily focusing on social media and camera applications. The company is known for its flagship product, Snapchat, which is a multimedia messaging app popular among younger demographics.

Average Trading Volume: 37,576,027

Technical Sentiment Signal: Sell

Current Market Cap: $15.58B

For a thorough assessment of SNAP stock, go to TipRanks’ Stock Analysis page.

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