Is It Too Late to Buy Snap Stock?
's (NYSE: SNAP) stock price plunged 19% during after-hours trading on July 25 after the social media company posted its second-quarter earnings report. Its revenue fell 4% year over year to $1.07 billion, which marked its second consecutive quarter of declining revenue, but it still beat analysts' estimates by $10 million. Its adjusted loss of $0.02 per share stayed flat from a year ago and cleared the consensus forecast by two cents.
Snap cleared Wall Street's low bar, but it certainly didn't impress the bulls and its stock price remains nearly 90% below its all-time high from September 2021. Let's see if it's too late to buy Snap as a turnaround play.
Image source: Getty Images.
Source Fool.com
Snap Inc Stock
€12.33
0.230%
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.
