Snap Inc. (NYSE:SNAP) features on the list of tech stocks to sell according to billionaires. Billionaire stake dropped from approximately $840.62 million in Q4 2025 to $188.56 million in Q1 2026, marking a decline of about $652.05 million.
Even with that sharp decline, Snap Inc. (NYSE:SNAP)’s latest product launch is drawing a notably split reaction on Wall Street.
On June 16, 2026, Snap Inc. (NYSE:SNAP) debuted its Specs augmented reality glasses for both developers and consumers, priced at $2,195 per pair.
Following the launch, Rosenblatt kept a “Neutral” rating on Snap Inc. (NYSE:SNAP) with a $6.40 price target in a note on June 17, 2026, saying it opens up a debate, since Snap’s co-founders believe the AR glasses will represent the next big wave of computing against what the analyst called a reasonably skeptical stance.
Rosenblatt said Specs may or may not work as a business, adding that expectations are low and that, at a minimum, there could be patent value.
Pixabay/Public Domain
B. Riley took a more upbeat view in a note on June 17, 2026, calling the Specs launch a positive medium-term development. The firm said the wearable-focused, developer-enabled platform could expand use cases across consumer and enterprise categories, though it noted the high initial pricing may limit early adoption. It said iterative improvements and potential cost reductions over time could drive broader traction, calling Specs a potentially transformative product that complements Snap Inc. (NYSE:SNAP)’s core social platform and strengthens its position in next-generation human-computer interaction. B. Riley has a “Buy” rating and a $10 price target on the shares.
Snap Inc. (NYSE:SNAP) is an American technology and social media company that develops and maintains technological products and services. The company’s core products include Snapchat, Lens Studio, and Spectacles.
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