The most critical differentiating factor was its strong 20% growth in daily active users. This is the quarter which famously wiped out $200 billion of stock value from Meta ( FB) in one day, as social networking companies felt the pressures from iOS privacy changes. SNAP’s last quarter showed surprisingly strong revenue growth of 42%. This is the kind of stock that has traded at huge premiums to the growth sectors in recent years, yet now trades with substantial potential upside ahead. SNAP Stock PriceĪt recent prices SNAP is now trading a smidgeon above where it closed on its first day of trading five years ago (which was $24.48 per share). SNAP is clearly resonating with the younger audience, which should provide strong secular growth tailwinds for years if not decades to come. That has led the stock to trade at levels not too far from right before it reported those strong earnings. Yet the stock has plunged alongside the rest of tech amidst the broader tech crash. The company reported strong results in the latest quarters which easily set the tone for social networking peers. Snapchat ( NYSE: SNAP) is exactly the kind of stock investors should be flocking to in the current market.

Snap inc stock