Snap Stock Soars -- Time to Buy?
Shares of (NYSE: SNAP) surged higher after its latest quarterly report. Investors cheered as the social media company continued growing its daily active users at a rapid clip and saw strong improvements in ad performance. Additionally, the parent of Snapchat -- a camera-centric app popular with younger users -- added a new AI (artificial intelligence) partnership that could boost platform engagement and expand monetization avenues down the road.
Given the big move in the stock price, it's a good time to take a look at shares to see if they're worth buying today. After all, even though shares rose sharply following the earnings report, they're still down 30% over the last year and more than 80% over the last five. Is this the time to buy?
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Source Fool.com
Snap Inc Stock
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 76.74% for Snap Inc compared to the current price of 6.22 €.
