Where Will Snap Stock Be in 1 Year?
Snap's (NYSE: SNAP) stock price plunged 15% during after-hours trading on Jan. 31 following its fourth-quarter report. The social media company's revenue stayed nearly flat year over year at $1.3 billion and missed analysts' estimates by $10 million. Its adjusted earnings fell 38% to $0.14 per share but still cleared the consensus forecast by two cents.
Snap's high-growth days are clearly over, and the stock's decline of more than 60% over the past 12 months reflects that slowdown. But can it turn around its business this year and impress the bulls again?
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Source Fool.com
