Is Snap Stock a Buy Now?
's (NYSE: SNAP) stock surged 28% on April 26 in response to its first-quarter earnings report. The social media company's revenue rose 21% year over year to $1.19 billion, exceeding analysts' estimates by $74 million, as its adjusted earnings tripled to $0.03 per share and cleared the consensus forecast by $0.08.
Snap's headline numbers looked healthy, but its stock remains more than 10% below its IPO price from 2017. Is it finally the right time to buy this out-of-favor stock?
Image source: Getty Images.
Source Fool.com
Snap Inc Stock
€6.70
0.120%
Currently there is a rather positive sentiment for Snap Inc with 11 Buy predictions and 4 Sell predictions.
With a target price of 11 € there is a hugely positive potential of 64.18% for Snap Inc compared to the current price of 6.7 €.
