Snap Stock Won't Be a Buy Until These 4 Problems Are Solved
Are you considering a stake in shares of Snapchat parent (NYSE: SNAP) following February's post-earnings pullback? It's not a terrible strategy. Good stocks are great buys when they're on sale. Now down by one-third of February's peak, Snap stock is clearly on sale.
Before using Snap's setback as a long-term buying opportunity, however, four matters need to be addressed first.
You know the company -- or more specifically, its app. Snapchat is a social media platform best known for allowing users to embellish and share pictures (and videos) with friends and followers. As of the final quarter of last year, 414 million people were using the app every single day.
Source Fool.com
Snap Inc Stock
€8.46
2.020%
Currently there is a rather positive sentiment for Snap Inc with 15 Buy predictions and 7 Sell predictions.
With a target price of 14 € there is a hugely positive potential of 65.58% for Snap Inc compared to the current price of 8.46 €.
