SNAP - 120% Growth in 3 months with more room to grow

The simple, longer-term case for Snap stock is that it provides exposure to multiple, seemingly unstoppable forces: digital ad spending, mobile gaming and entertainment, and overall smartphone addiction. Snap’s fiscal-year sales are projected to climb 42% this year to reach $2.4 billion and then jump another 41% in 2021 to $3.4 billion. The Q2 to Q3 revenue grew by more that 33% and will likely continue to grow at a significant pace.

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StuartMooney

Dec 16, 2020

46.54%

Change % Since Posting

50.71

Price When Posted

23.60

Change Since Posting

SNAP

Snap Inc - Class A

74.31

-0.11
-0.15%
Current Price

SNAP - 120% Growth in 3 months with more room to grow

bullish
The simple, longer-term case for Snap stock is that it provides exposure to multiple, seemingly unstoppable forces: digital ad spending, mobile gaming and entertainment, and overall smartphone addiction. Snap’s fiscal-year sales are projected to climb 42% this year to reach $2.4 billion and then jump another 41% in 2021 to $3.4 billion. The Q2 to Q3 revenue grew by more that 33% and will likely continue to grow at a significant pace.
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80.00

Target Price

8/ 10

Confidence

1-2 Weeks

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