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Why Snap Stock Was Plunging Today

TheMotleyFool

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Why Snap Stock Was Plunging Today: https://g.foolcdn.com/editorial/images/764386/social-media-user.jpg

Shares of Snap (NYSE: SNAP), the parent of Snapchat, were getting torched once again today as the company fell well short of analyst estimates in its fourth-quarter earnings report. Revenue growth was sluggish as the company failed to capitalize on a broader recovery in the digital advertising industry.

As of 11:23 a.m. ET, the stock was down 35.3% on the news.

Image source: Getty Images.

Source Fool.com

Snap Inc Stock

Snap Inc gained 1.290% today.
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 11.32% compared to the current price of 12.58 € for Snap Inc.

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