Snap Inc. (NYSE:SNAP) is one of the Best Penny Stocks to Invest In According to Billionaires.
Last month, on June 16, Snap Inc. (NYSE:SNAP) released SPECS, which are the company’s augmented reality glasses
The company priced the glasses at $2,195 for pre-order and noted that shipping will start in the US, UK, and France in fall 2026. CEO Evan Spiegel noted SPECS to be a shift beyond smartphones and highlighted that the glasses aim to solve a tradeoff other devices face, which is that AI glasses are wearable but limited, while AR headsets are powerful but bulky and isolating. SPECS claims to offer both capability and comfort in a standalone device with no external puck.
Following the announcement, Benchmark reiterated Snap Inc. (NYSE:SNAP) with a Hold rating, without disclosing any price targets. Analyst Mark Zgutowicz noted the $2,195 price came in below Benchmark’s prior $2,500 estimate. Moreover, he noted that the company has not yet disclosed key performance details including resolution, pixels per degree, brightness, and refresh rate.