Should Investors Consider Snap after the Recent Pullback?
November 17 2021 - 11:24AM
TipRanks
Snap (SNAP) is a camera application company in the United States.
The company has a flagship product that enables users to
communicate through short videos and images. I am neutral on the
stock. (See Analysts’ Top Stocks on TipRanks) Earnings Miss and
Drawdown Snap's stock slumped by 30% on October 21, after it
released and missed its Q3 GAAP earnings estimates. The company's
revenue ($1.07 billion) didn't match expectations primarily due to
Apple's (AAPL) new privacy policy regarding the tracking of
consumer behavior. Data acquisitions are key for tech companies to
run efficient business models; I'd almost say it's the sector's key
driver.
https://www.tipranks.com/news/article/is-snap-a-buy-after-the-recent-pullback?utm_source=advfn.com&utm_medium=referral
Snap (NYSE:SNAP)
Historical Stock Chart
From Apr 2022 to May 2022
Snap (NYSE:SNAP)
Historical Stock Chart
From May 2021 to May 2022