At current levels - if you're looking to buy and hold for the next three years - I just can't recommend passing this one up. I talk about this in depth in this week’s podcast.Bottom line: Snap stock is a fantastic long-term play on an emerging next-gen technology. Rather, it’s on the precipice of becoming the next-gen leader in the shift from a 2D to a 3D-enabled internet. In Q3, Snap’s revenue surged 43 year-over-year, and its average revenue per user jumped 37 year-over-year. Here’s the thing – Snap isn’t even trying to be a social media company anymore. Reason to Buy SNAP Stock: Improvements in Vital Metrics. When the ad slowdown ends (and it will end), Snap will come out on the other side stronger than before. Snap is a super-sticky social media platform with 330 million daily active users, reaching 75% of the 13-to-34 year-old demographic across 20+ countries. So what are you to do? Do you sell whatever Snap shares you own? Do you buy more on the cheap? Folks, don’t overthink this one… We think this is a golden opportunity to buy into what we believe will be the cornerstone of next-generation tech companies!The only impediment right now is the ad slowdown. As a result, Snap shares were off nearly 40% Tuesday after reporting that it would miss its second-quarter targets. Not since the emergence of COVID-19 have I heard something so terrifying as Snap’s remarks on the advertising industry.
The summary for this episode is: Snap stock’s earning report hit like the markets like a gut punch. This is a podcast episode titled, 👻 Buy Snap Stock for This One HUGE Megatrend.
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