The No. 1 Reason Not to Buy Snap Stock (Yet)

It's been a resurgent year for Snap Inc (NYSE: Snap), the parent company of Snapchat. The company had been on a downward spiral since its initial public offering (IPO) in March of 2017, largely due to concerns over its lackluster user growth. But year to date, the company's stock is up by about 140% (as of this writing), and Snap's most recent earnings reports show a renewed interest in the company's platform.

Despite this rather pleasant and surprising turn of events, now may not be the right time to buy Snap's stock just yet. There's a major reason why it's best to take a wait-and-see approach.

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Source Fool.com