Snap Stock Soars -- Time to Buy?
Shares of (NYSE: SNAP) surged higher after its latest quarterly report. Investors cheered as the social media company continued growing its daily active users at a rapid clip and saw strong improvements in ad performance. Additionally, the parent of Snapchat -- a camera-centric app popular with younger users -- added a new AI (artificial intelligence) partnership that could boost platform engagement and expand monetization avenues down the road.
Given the big move in the stock price, it's a good time to take a look at shares to see if they're worth buying today. After all, even though shares rose sharply following the earnings report, they're still down 30% over the last year and more than 80% over the last five. Is this the time to buy?
Image source: Getty Images.
Source Fool.com
Snap Inc Stock
Our community is currently high on Snap Inc with 11 Buy predictions and 4 Sell predictions.
As a result the target price of 11 € shows a very positive potential of 58.59% compared to the current price of 6.94 € for Snap Inc.
