Is Snap Stock a Buy Now?
's (NYSE: SNAP) stock surged 28% on April 26 in response to its first-quarter earnings report. The social media company's revenue rose 21% year over year to $1.19 billion, exceeding analysts' estimates by $74 million, as its adjusted earnings tripled to $0.03 per share and cleared the consensus forecast by $0.08.
Snap's headline numbers looked healthy, but its stock remains more than 10% below its IPO price from 2017. Is it finally the right time to buy this out-of-favor stock?
Image source: Getty Images.
Source Fool.com
Snap Inc Stock
€8.17
-0.100%
Our community is currently high on Snap Inc with 13 Buy predictions and 4 Sell predictions.
As a result the target price of 12 € shows a positive potential of 46.88% compared to the current price of 8.17 € for Snap Inc.
