Snap Stock Has a Lot to Prove on Thursday
If Snap, Inc. (NYSE: SNAP) wants to win back the brief success it had on Wall Street, it's going to have the perfect chance to do so when it reports fresh financials this week. Snapchat's parent company reports second-quarter results on Thursday, and it's gotten itself into a pretty big hole.
Snap stock initially soared after going public at $17 in early March, only to peak on its second day of trading. It's a busted IPO these days. Analysts and investors alike have bailed on the short-lived market darling, and that even includes its largest lead underwriter. The stock has moved higher in just one of the past 10 weeks. Its best shot to turn that negative sentiment around will come in the form of a blowout quarter, and that brings us to Snap's earnings announcement, which is due shortly after Thursday's market close.
Image source: Snap, Inc.
Source: Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 12 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 15.13% compared to the current price of 434.3 € for Meta Platforms Inc..
