Snap (SNAP) is unlikely to return to posting 40% y/y growth rates any time soon.
While bearing in mind that Snap's platform has a strong moat, as Snap continues to reach a cohort of younger users which other social media platforms struggle to engage with, it still remains difficult to build a well-reasoned argument for why this stock offers compelling upside potential.
Snap's growth rates are slowing down, while Snap remains largely unprofitable. Meanwhile, Snap trades at a premium to its peers.
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