Why Snap Stock Was Plunging Today
Shares of Snap (NYSE: SNAP) were taking a dive once again today as the Snapchat parent underwhelmed with its second-quarter earnings report and offered weak guidance for the third quarter.
The stock was down 19% as of 11:54 a.m. ET Wednesday on the news.
Revenue in the quarter fell 4% to $1.07 billion, topping estimates at $946.7 million, as the social media company continued to struggle with a weak digital advertising market even as its daily active user base increased 14% to 397 million.
Source Fool.com
Snap Inc Stock
€8.28
0.290%
Currently there is a rather positive sentiment for Snap Inc with 14 Buy predictions and 7 Sell predictions.
With a target price of 14 € there is a hugely positive potential of 69.0% for Snap Inc compared to the current price of 8.28 €.
