Up 200% in the Past Year, Is Snap Stock a Smart Buy?
Snap (NYSE: SNAP) has benefited from strong user engagement throughout the pandemic, much to the delight of shareholders. The stock price has skyrocketed 200% over the past year, crushing the performance of the broader S&P 500. But after that impressive run, Snap now has a market cap of $118 billion, and investors may be wondering: Is it too late to buy this social media stock?
To answer that question, let's take a closer look at Snap's business and its prospects for future growth. Here's what you should know.
Snap brands itself as a camera company. Its primary product is Snapchat, a mobile app that connects people with friends, family, brands, and local businesses.
Source Fool.com
