Where Will Snap Stock Be in 1 Year?
(NYSE: SNAP) posted its third-quarter earnings report on Oct. 24. The social media company's revenue rose 5% year over year to $1.19 billion and exceeded analysts' expectations by $80 million. Its adjusted earnings tumbled 75% to $0.02 per share but still beat the consensus forecast by $0.07 per share.
Snap cleared Wall Street's low bar, but its stock still slumped after the report and remains nearly 50% below its IPO price.
Should investors buy this beaten-down stock and bet on a recovery over the next 12 months?
Source Fool.com
Snap Inc Stock
€14.78
0.110%
Currently there is a rather positive sentiment for Snap Inc with 11 Buy predictions and 5 Sell predictions.
On the other hand, the target price of 14 € is below the current price of 14.78 € for Snap Inc, so the potential is actually -5.25%.
