With Its Stock at an All-Time High, Is Snap a Buy Headed Into 2021?

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Snap (NYSE: SNAP) is the parent company that owns the popular smartphone apps Snapchat and Bitmoji. Snap is one of the most creative digital companies out there and its products allow users to communicate with fun camera filters, disappearing messages, and augmented reality.

Snap has seen rapid growth this year in terms of both active users and sales, which has translated into a soaring stock price. In fact, the company has outperformed its social media peers. The question is whether Snap’s stock will continue to increase in 2021 after reaching all-time highs in 2020.

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