12 Best Penny Stocks That Will Skyrocket

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​3. Snap Inc. (NYSE:SNAP)

Price: $4.99

Upside: 60.32%

Number of Hedge Fund Holders: 50

​Snap Inc. (NYSE:SNAP) is one of the Best Penny Stocks That Will Skyrocket. On February 12, Ronald Josey from Citi reiterated a Hold rating on the stock and lowered the price target from $10 to $6. Earlier, on February 6, Mark Kelley from Stifel Nicolaus upgraded Snap Inc. (NYSE:SNAP) from Sell to Hold, while maintaining a $5.5 price target.

​The ratings follow Snap Inc.’s fiscal Q4 2025 earnings released on February 4. The company grew its quarterly revenue by 10.22% year-over-year to $1.72 billion and surpassed estimates by $16.4 million. The EPS of $0.19 also topped estimates by $0.03. Management attributed revenue growth to the 946 million global monthly active users during the quarter. Moreover, CEO Evan Spiegel noted that the improved results were due to the company’s strategic pivot towards profitable growth.

​However, despite the earnings beat, Snap Inc. (NYSE:SNAP) has declined more than 40% year-to-date. Stifel upgraded the stock despite the share price decline. The firm noted that the decline has already incorporated many headwinds, including headwinds like slowing user growth and weak ad momentum. As a result, Stifel find the current valuation of SNAP attractive, hence the upgrade.

​Snap Inc. (NYSE:SNAP) is a technology company operating in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs including Camera, visual messaging, Snap Map, Stories, and Spotlight.

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