Can Snap Stock Snap Back? Why Its Recent 36% Plunge Might Be a Buying Opportunity

Snap (SNAP -4.30%) is the parent company of the social media platform Snapchat. Its stock soared 108% between September and January due in part to improved investor optimism caused by the new bull market in the S&P 500. Plus, the digital advertising market appears to be recovering and fears of a recession in the broader economy are fading.However, when Snap reported its financial results for the fourth quarter and full 2023 year earlier this month, its stock plunged 36%. The company's revenue growth remaine ...