Could Snap Stock Help You Become a Millionaire?
's (NYSE: SNAP) stock price plunged 33% during after-hours trading on Feb. 6 in response to the social media company's fourth-quarter report. Its revenue rose 5% year over year to $1.36 billion but missed analysts' expectations by $20 million.
Snap's adjusted net income fell 40% year over year to $128 million, or $0.08 per share, but still cleared the consensus forecast by $0.02 per share. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) dropped 32% to $159 million.
Those messy headline numbers suggested that Snapchat was struggling to keep pace with Meta Platforms' (NASDAQ: META) Instagram and ByteDance's TikTok. They were also dismal compared to Meta's superior growth rates.
Source Fool.com
Snap Inc Stock
Our community is currently high on Snap Inc with 12 Buy predictions and 5 Sell predictions.
As a result the target price of 14 € shows a slightly positive potential of 13.54% compared to the current price of 12.33 € for Snap Inc.