Why Snap Stock Surged Today
Shares of Snap (NYSE: SNAP) jumped 11% on Tuesday, following the social media company's first investor day event.
The parent company of Snapchat told analysts and shareholders that it expects to grow revenue by at least 50% annually for the next several years. That would be a significant acceleration from the 46% revenue growth Snap delivered in 2020.
Investors cheered Snap's long-term growth projections. Image source: Getty Images.
Source Fool.com
