How Risky Is Snapchat Maker Snap Inc?
Snap (NYSE: SNAP), the maker of the ephemeral messaging app Snapchat, has had a rough five months. Snap went public at $17 per share in early March, briefly surged to $27, then plunged to about $13 on major concerns about its growth plans, financial discipline, and its ability to survive a prolonged battle with Facebook (NASDAQ: FB).
But as Snap searches for a bottom, contrarian investors might be tempted to pick up some shares. Let's take a closer look at this hated stock to see how risky that bet could be.
Snapchat's video and filter ads. Image source: Snap.
Source: Fool.com
Meta Platforms Inc. Stock
€509.80
-0.600%
We see a rather positive sentiment for Meta Platforms Inc. with 11 Buy predictions and 1 Sell predictions.
As a result the target price of 645 € shows a positive potential of 26.52% compared to the current price of 509.8 € for Meta Platforms Inc..
