Why Snap Stock Was Sliding Today
Shares of Snap (NYSE: SNAP) were pulling back after the company announced a debt offering. Investors seemed to balk at the move, which came after Snap delivered surprisingly strong first-quarter results, as it shows the social media company still hasn't reached the point where it can fund its own growth.
As a result, the stock was down 2.1% as of 1:13 p.m. ET.
Source Fool.com
Snap Inc Stock
€8.92
-1.320%
Our community is currently high on Snap Inc with 16 Buy predictions and 7 Sell predictions.
As a result the target price of 14 € shows a very positive potential of 57.02% compared to the current price of 8.92 € for Snap Inc.