F-Rated SNAP Stock Is Destined to Stagnate Near $10. Sell Shares Now.

Snap (NYSE:SNAP) stock plummeted 30% last week after announcing lackluster 2024 guidance. First-quarter sales are expected to grow only 13% to $1.11 billion, barely half of what rivals like Meta Platforms (NASDAQ:META) expect. Analysts expect profits at the Santa Monica-based firm to hit just $205 million this year, a quarter of its 2021 peak.At its core, Snapchat faces a popularity problem. Rival platforms like TikTok and Instagram are keen innovators, and teens have increasingly turned to these video-firs ...