#4 - Snap (NYSE:SNAP)
I would put Snap (NYSE:SNAP) on this list even if it wasn’t up nearly 50% in 2021. That’s because I have kids and they use Snap. “Snaps” replace texts and Snapchats are their version of Slack.
The company’s valuation has been a source of concern for many years. It’s not revenue that’s the problem; it’s earnings. However, Snap posted positive earnings of 10 cents a share in the last quarter. In terms of profit, that was the best number the company had ever posted. But it was also the third time in seven quarters that the social media company posted positive earnings.
SNAP stock is bumping up against the consensus price target of analysts. And with the stock up over 50% in 2021, it’s logical to think the rally may be long in the tooth. But an earnings report coming later in October may provide a catalyst that could allow SNAP stock to test the record high of $83.34 it set in late September.
About Snap
Snap Inc operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images.
Read More - Current Price
- $15.33
- Consensus Rating
- Hold
- Ratings Breakdown
- 9 Buy Ratings, 15 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $14.79 (3.5% Downside)
