Macroeconomic headwinds could pressure revenue growth for the popular social media company in the near term.
Snapchat (SNAP 25.66%) is one of the faster-growing social media companies in the market. The company faces headwinds as advertisers slow spending amid worries of an economic recession. With that backdrop, this video will answer if the stock is a buy right now.
Stock prices used were the afternoon prices of Sept. 16, 2022. The video was published on Sept. 19, 2022.
Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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