This makes Snap a Hold-rated stock in my opinion. On the flip side, it is premature to be bottom fishing in SNAP's shares, taking into account expectations of weak revenue growth and continued losses for SNAP in the rest of 2022. This is because Snap still has lots of room for growth in international markets, based on an analysis of penetration rates in countries such as Japan. Snap's shares continued to dip its stock price declined by -39% on Friday, Jafter announcing below-expectations revenue growth, implying that SNAP's stock has now dropped by -84% in the last one year.īut SNAP isn't a Sell despite negative share price momentum and the poor financial outlook for the upcoming quarters. In this latest write-up, I turn my attention to Snap's share price weakness.
In my prior Februupdate for SNAP, I touched on the company's growth prospects in the intermediate term. My investment rating for Snap Inc.'s ( NYSE: SNAP) stock is a Hold.
0 kommentar(er)
