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.