Could Snap Stock Help You Become a Millionaire?
's (NYSE: SNAP) stock price plunged 33% during after-hours trading on Feb. 6 in response to the social media company's fourth-quarter report. Its revenue rose 5% year over year to $1.36 billion but missed analysts' expectations by $20 million.
Snap's adjusted net income fell 40% year over year to $128 million, or $0.08 per share, but still cleared the consensus forecast by $0.02 per share. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) dropped 32% to $159 million.
Those messy headline numbers suggested that Snapchat was struggling to keep pace with Meta Platforms' (NASDAQ: META) Instagram and ByteDance's TikTok. They were also dismal compared to Meta's superior growth rates.
Source Fool.com
Snap Inc Stock
€15.58
-2.150%
Currently there is a rather positive sentiment for Snap Inc with 11 Buy predictions and 5 Sell predictions.
On the other hand, the target price of 14 € is below the current price of 15.58 € for Snap Inc, so the potential is actually -10.16%.
