Snap coming in may be an opportunity, again.
Snap could keep falling until support is found, and over the next 5 years plus could be worth over 100 dollars.
Updated and current earnings expectations are show on the chart.
As of now this year, snapchat is still expensive. It seems the economy is softening, so Snapchat could fall more.
Analysts still expect snapchat to have growing earnings and high earning potential. Therefore I personally like the stock the weaker it gets. On a price to sales and price to cashflow, snap is not extremely expensive, but snap needs to deliver earnings to show its a real business.
Updated and current earnings expectations are show on the chart.
As of now this year, snapchat is still expensive. It seems the economy is softening, so Snapchat could fall more.
Analysts still expect snapchat to have growing earnings and high earning potential. Therefore I personally like the stock the weaker it gets. On a price to sales and price to cashflow, snap is not extremely expensive, but snap needs to deliver earnings to show its a real business.
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