3 Great Reasons to Buy Snap Stock

Snap's (NYSE: SNAP) stock more than tripled in 2020 as the social media company impressed investors with its robust growth in revenue and users. Concerns about competition from Facebook's (NASDAQ: FB) Instagram and ByteDance's TikTok also faded as the company's bottom line improved.

Investors might be thinking about taking some profits after that big rally, but I believe Snap remains a compelling buy, for three simple reasons.

Image source: Getty Images.

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Source Fool.com