fxstreet.com 08 Feb, 2021 15:00 am

Strong gains as SNAP forecast to keep growing. Time to Buy SNAP?

Strong gains as SNAP forecast to keep growing. Time to Buy SNAP?
SNAP is Snapchat, the eponymous social media upstart beloved of millennials, Generation Z! Snapchat is a WhatsApp, Instagram and Facebook competitor a

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.FXStreet and the author do not provide personalized recommendations.FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.Rosenblatt increased its price target to $70, KeyBanc increased its price target to $63.

Snapchat has nearly 300 million daily active users and generates most of its revenue from advertising.Revenue gained 62% year on year, daily active users jumped to 265 million, a gain of 22% on the year.

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