Snap (NYSE:SNAP), which owns the popular smartphone apps Snapchat and Bitmoji, is growing in both active active users and sales in 2020. It will continue to grow as a social media firm into the future. Listed below are reasons why you should own this stock.
- More hedge funds are buying and holding long positions in this stock.
- Snap’s revenue and active users are increasing year after year.
- The stock trades at 30 times this year’s sales and 22 times next year’s sales. Thus, it is cheaper than other growth stocks.
- Snapchat app usage has fierce loyalty from the Millennial and Gen Z users.
Due to the above reasons, the stock could propel to even higher price in the near future.
SNAP will worth more than FB in the future.
SNAP is still the top social media stock.
SNAP has better growth than other social media firms.
SNAP still best social media firm for growth.
SNAP dominate its competitot
SNAP is number one in social media firm.