Snap is a social media platform that is quite big, at 238 million global daily active users.
BUY SNAP STOCK DRIVERS
Snap remains supported by strong fundamentals, with healthy long-term growth drivers which should sustain robust growth at this company for the next several years, at least. Near-term upside over the next six months is sizable. Considering the fundamentals are robust and that Tik Tok competition concerns are overstated, shares are now undervalued. won’t erode that value prop or eat away at engagement. Snap has an entirely differentiated value prop from Tik Tok, and the continued rise of Tik Tok in the U.S. The fact that Tik Tok won’t get banned in the U.S. Tik Tok competition fears are overstated.And the long-term growth drivers underlying this company remain robust. The ~20% decline in SNAP stock price reflects this reality.īut, I think this sell-off has now gone too far, and that it’s time to buy the dip in Snapchat stock. Net net, the news flow surrounding Snap over the past few weeks has not been favorable. (which would’ve been a huge positive for Snap engagement). Adding to the weakness in SNAP stock is the emerging reality that Tik Tok - the viral Chinese-owned app which has come under intense regulatory scrutiny - may not be acquired by Microsoft (NASDAQ: MSFT), and therefore, won’t be banned in the U.S.
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