Does Snap (SNAP) have what it takes to be a top stock pick for momentum investors? Let's find out.
Recently, Zacks.com users have been paying close attention to Snap (SNAP). This makes it worthwhile to examine what the stock has in store.
There’s a great deal to like about Snap (NYSE:SNAP). Specifically, the company’s first-quarter results indicate that it is finally starting to benefit significantly from rebounding U.S. advertising spending, and its user metrics were very strong in the first quarter. Moreover, Snap is well-positioned to benefit a great deal if TikTok does wind up getting banned in the U.S. Still, given the year-over-year declines of some of the firm’s profitability metrics, along with the high valuation of SNAP