Why Snap Stock Was Plunging Today
Shares of Snap (NYSE: SNAP), the parent of Snapchat, were getting torched once again today as the company fell well short of analyst estimates in its fourth-quarter earnings report. Revenue growth was sluggish as the company failed to capitalize on a broader recovery in the digital advertising industry.
As of 11:23 a.m. ET, the stock was down 35.3% on the news.
Image source: Getty Images.
Source Fool.com
Snap Inc Stock
€4.40
7.730%
Currently there is a rather positive sentiment for Snap Inc with 16 Buy predictions and 5 Sell predictions.
With a target price of 8 € there is a hugely positive potential of 82.03% for Snap Inc compared to the current price of 4.4 €.
