Why Snap Stock Was Plunging Today
Shares of Snap (NYSE: SNAP) were taking a dive once again today as the Snapchat parent underwhelmed with its second-quarter earnings report and offered weak guidance for the third quarter.
The stock was down 19% as of 11:54 a.m. ET Wednesday on the news.
Revenue in the quarter fell 4% to $1.07 billion, topping estimates at $946.7 million, as the social media company continued to struggle with a weak digital advertising market even as its daily active user base increased 14% to 397 million.
Source Fool.com
Snap Inc Stock
€4.58
4.100%
Our community is currently high on Snap Inc with 16 Buy predictions and 5 Sell predictions.
As a result the target price of 8 € shows a very positive potential of 74.86% compared to the current price of 4.58 € for Snap Inc.
