SNAP - Snap Stock Won't Be a Buy Until These 4 Problems Are Solved
2024-04-01 10:37:00 ET
Are you considering a stake in shares of Snapchat parent Snap (NYSE: SNAP) following February's post-earnings pullback? It's not a terrible strategy. Good stocks are great buys when they're on sale. Now down by one-third of February's peak, Snap stock is clearly on sale.
Before using Snap's setback as a long-term buying opportunity, however, four matters need to be addressed first.
You know the company -- or more specifically, its app. Snapchat is a social media platform best known for allowing users to embellish and share pictures (and videos) with friends and followers. As of the final quarter of last year, 414 million people were using the app every single day.
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Snap Stock Won't Be a Buy Until These 4 Problems Are Solved