Why Snap Stock Was Plunging Today
Shares of Snap (NYSE: SNAP), the parent of Snapchat, were getting torched once again today as the company fell well short of analyst estimates in its fourth-quarter earnings report. Revenue growth was sluggish as the company failed to capitalize on a broader recovery in the digital advertising industry.
As of 11:23 a.m. ET, the stock was down 35.3% on the news.
Image source: Getty Images.
Source Fool.com
Snap Inc Aktie
4,08 €
-1,47 %
Die Community bevorzugt leicht Snap Inc mit mehr Buy- als Sell-Einschätzungen.
Bei einem durchschnittlichen Kursziel von 9 € für Snap Inc, wäre dies mehr als eine Verdopplung des aktuellen Kurses von 4.08 €.
