Finally, Some Good News for Snap Inc.
Snap Inc. (NYSE: SNAP) has had a tumultuous few months since its IPO back in March. The company's latest quarterly earnings report showed that daily active user (DAU) growth for its Snapchat app grew by just 4% sequentially, which isn't exactly promising for such a young company.
Additionally, downloads of the app have fallen 22% from the same time last year, according to SensorTower, indicating that the company may be having a hard time getting new users to sign up. All of this has weighed heavily on Snap's share price, which has plummeted about 40% since March.
Image source: Snap.
Source: Fool.com
Meta Platforms Inc. Stock
€512.00
0.310%
With 11 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 645 € there is a positive potential of 25.98% for Meta Platforms Inc. compared to the current price of 512.0 €.
