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
€4.69
1.080%
Our community is currently high on Snap Inc with 15 Buy predictions and 5 Sell predictions.
As a result the target price of 8 € shows a very positive potential of 70.58% compared to the current price of 4.69 € for Snap Inc.
