Finally, Some Good News for Snap Inc.
Snap Inc. (NYSE: SNAP) has had a tumultuous few months since its IPO back in March. The company's latest quarterly earnings report showed that daily active user (DAU) growth for its Snapchat app grew by just 4% sequentially, which isn't exactly promising for such a young company.
Additionally, downloads of the app have fallen 22% from the same time last year, according to SensorTower, indicating that the company may be having a hard time getting new users to sign up. All of this has weighed heavily on Snap's share price, which has plummeted about 40% since March.
Image source: Snap.
Source: Fool.com
Meta Platforms Inc. Stock
€458.55
0.250%
We see a rather positive sentiment for Meta Platforms Inc. with 8 Buy predictions and 2 Sell predictions.
As a result the target price of 515 € shows a slightly positive potential of 12.31% compared to the current price of 458.55 € for Meta Platforms Inc..
