10 Best Low Priced Growth Stocks To Invest In

8. Snap Inc. (NYSE:SNAP)

Revenue CAGR last 5 years: 27.73%

Stock price as of April 7th close: $7.73

Number of Hedge Fund Holders: 44

​Snap Inc. (NYSE:SNAP) is a technology company that runs the famous Snapchat platform, which represents a visual messaging application that competes with Instagram and TikTok. Beyond Snapchat, the company also offers products like Spectacles (smart glasses that capture video content) and Bitmoji (personalized avatars used on digital platforms). Like other media companies, SNAP generates its revenue primarily through advertising services but also has the potential to monetize AR and AI capabilities across its platform.

Snap Inc. (NYSE:SNAP) reported revenue of $1.56 billion in Q4 2024, representing 14% YoY growth, with daily active users (DAU) reaching 453 million, a strong increase of 39 million vs. last year. The company generated $276 million in adjusted EBITDA and $182 million in free cash flow for Q4. For the full year 2024, SNAP grew its revenues by 16% YoY. Snapchat+ subscribers doubled from 7 million to 14 million in 2024, with other revenue growing 131% YoY, which illustrates the company’s success in diversifying its revenue sources.

Snap Inc. (NYSE:SNAP) is focusing on key initiatives to build on its 2024 momentum, including new ad placements like Sponsored Snaps and Promoted Places, improving go-to-market strategies, and simplifying the Snapchat experience. The company is advancing its machine learning infrastructure to drive higher-quality ad interactions and expanding its AR developer ecosystem. SNAP’s strong growth momentum and focus on diversifying revenue sources makes it one of best low priced growth stocks to invest in.