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Is Snap Stock a Buy Now?

TheMotleyFool

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Snap's (NYSE: SNAP) stock skyrocketed 59% during after-hours trading on Feb. 3 after the social media company posted its fourth-quarter earnings. That rally reversed Snap's 24% decline during the regular trading session, which occurred after Meta Platform's (NASDAQ: FB) mixed fourth-quarter report and soft guidance torpedoed its smaller social media peers.

But even after Snap's post-earnings pop, its stock remains down 17% for the year and 53% below its all-time high of $83.34 from last September. Does Snap's fourth-quarter earnings beat make it a worthwhile investment again?

Image source: Getty Images.

Source Fool.com

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