Why Snap Stock Popped Today
Shares of Snap (NYSE: SNAP) were moving higher as the long-struggling social media stock seemed to gain on reaction to the recent release of the new augmented reality operating system (Snap 2.0), which it announced last week.
While there wasn't immediate news out today, some investors seem to see an opportunity in the beaten-down stock as attention around smart glasses is building, following Meta Platforms' push into the category.
As of 12:38 p.m. ET, Snap stock was up 5.7%.
Source Fool.com
Snap Inc Stock
€7.38
-5.180%
Currently there is a rather positive sentiment for Snap Inc with 12 Buy predictions and 4 Sell predictions.
With a target price of 11 € there is a positive potential of 49.05% for Snap Inc compared to the current price of 7.38 €.
