Here's Why SNAP Stock is a Buy Despite 27.5% Dip in a Year

Despite experiencing a 27.5% stock decline over the past year, Snap Inc. (SNAP) continues to demonstrate remarkable resilience and strategic execution. The company's third-quarter 2024 performance, marked by a 15% year-over-year revenue increase to $1.37 billion, underscores its ability to grow despite challenging market conditions. With projected fourth-quarter revenues between $1.51 billion and 1.56 billion, suggesting 11-15% growth, and the Zacks Consensus Estimates forecasting 16.28% revenue growth to $ ...