Snap Inc.Long
SnapChat | SNAP | Long at $11.55
SNAP - all depends on growth...While I view this stock as risky into earnings (price gaps on the daily down to the $6.00 range...), SnapChat is still a highly relevant application among youth and is targeting older groups. The valuable data this company has must be staggering.
SNAP went from revenues of $1.7 billion in fiscal year 2019 to $5.1 through Q3 of 2024. While it is currently operating at a loss per share of -$0.58, the company is expected to return a positive EPS by 2027. Insider selling is currently high, however, and I truly would not be surprised if the stock dipped to fill the gaps (at least into the $8 zone). Regardless, my historical simple moving average lines are starting to flatten out and a change in course for 2025-2026 may be in its future - just stay cautious if the price dips to shake out weak hands. At $11.55,
SNAP is in a personal buy zone with room for additional entries if weakness is ahead after earnings. Targets:
- $14.30
- $17.00
- $21.00
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.