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 Aktie
4,60 €
-0,22 %
Die Snap Inc Aktie ist leicht im Trend: Mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 8 € für Snap Inc bedeutet eine deutliche Steigerung von über 50% gegenüber dem aktuellen Kurs von 4.6 €.
