1 Super Stock Down 88% You'll Wish You'd Bought on the Dip
Many companies in different industries are suffering in the current economic environment, where elevated inflation and rising interest rates are forcing consumers -- and businesses -- to carefully reconsider their spending habits.
Any company that relies on selling advertising spots to generate revenue has been particularly hard hit, and (NYSE: SNAP) is no different. Put simply, if a business knows its customers are on a tight budget, it won't spend as much money marketing products to them on social media platforms like Snapchat.
Snap's revenue declined in the first half of 2023 as a result. But the company just released its financial report for the third quarter (ended Sept. 30), and it revealed a welcome return to growth. With its stock still trading 88% below its all-time high, here's why it might be time for investors to buy the dip.
Source Fool.com
Snap Inc Stock
Currently there is a rather positive sentiment for Snap Inc with 12 Buy predictions and 5 Sell predictions.
With a target price of 14 € there is a slightly positive potential of 12.5% for Snap Inc compared to the current price of 12.44 €.
