The shares of Snap Inc (NYSE:SNAP)have recently popped higher!
While recently the stock had underperformed investors expectations since the IPO. Shares of the Snapchat recently climbed to $16.55 rising by 12+% in just a couple of days. A recent investor upgrade by a Credit Suisse analyst caused the Snap Inc stock price to pop!
But beyond revenue misses the slowing user growth has also been a drag on the stock price. Snapchat added just 7 million Daily Active Users (DAUs). But Snapchat is more popular with teenagers and this is seen as a positive for investors. Is it time to buy Snap Inc ? Comment below & share. Thanks.