So is SNAP stock worth buying today?
I'm hearing 22-24 a share when they open at 11:30 am
I'm buying 100 shares
How much is it?
I got in at 25.05
It's trying to hit $26.00 now
Snap stock will plunge, these analysts predict
James F. Peltz
(Carolyn Cole / Los Angeles Times)
Now that Snap Inc. is publicly held, stock analysts are weighing in with their initial forecasts for the shares, and some are quite bearish.
Brian Wieser, an analyst with Pivotal Research Group in New York, initiated coverage with a “sell” rating and a year-end target price of $10 a share.
That’s less than half the price at which Snap, the Venice-based maker of the Snapchat app, was changing hands during its first trading day. The IPO itself was priced at $17 a share.
“Snap is a promising early-stage company” but faces several obstacles, including “aggressive competition” and a “core user base that is not growing by much,” Wieser wrote in his note to clients. “Investors also will be exposed to what appears to be a sub-optimal corporate structure operated by a senior management team lacking experience transforming a successful new product into a successful company.”
Anthony DiClemente of the investment firm Nomura Instinet also expects Snap’s stock to sink. He gave the stock a “reduce” rating in his initial report and a price target of $16 a share.
He wrote that the “upside in [SNAP] shares is limited” by several factors, including “already slowing growth in daily active users” and “fierce competition from larger rivals such as Facebook” and two Facebook divisions, Instagram and WhatsApp.
Snap’s shares “are fairly valued at best at the IPO price,” DiClemente wrote.
http://www.latimes.com/business/la-...unge-these-analysts-1488488103-htmlstory.html
James F. Peltz
(Carolyn Cole / Los Angeles Times)
Now that Snap Inc. is publicly held, stock analysts are weighing in with their initial forecasts for the shares, and some are quite bearish.
Brian Wieser, an analyst with Pivotal Research Group in New York, initiated coverage with a “sell” rating and a year-end target price of $10 a share.
That’s less than half the price at which Snap, the Venice-based maker of the Snapchat app, was changing hands during its first trading day. The IPO itself was priced at $17 a share.
“Snap is a promising early-stage company” but faces several obstacles, including “aggressive competition” and a “core user base that is not growing by much,” Wieser wrote in his note to clients. “Investors also will be exposed to what appears to be a sub-optimal corporate structure operated by a senior management team lacking experience transforming a successful new product into a successful company.”
Anthony DiClemente of the investment firm Nomura Instinet also expects Snap’s stock to sink. He gave the stock a “reduce” rating in his initial report and a price target of $16 a share.
He wrote that the “upside in [SNAP] shares is limited” by several factors, including “already slowing growth in daily active users” and “fierce competition from larger rivals such as Facebook” and two Facebook divisions, Instagram and WhatsApp.
Snap’s shares “are fairly valued at best at the IPO price,” DiClemente wrote.
http://www.latimes.com/business/la-...unge-these-analysts-1488488103-htmlstory.html
It's a money loser.
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I got out at 28.65
It' getting, it's getting, it's getting kind of hectic!
Or I'll attack and you don't want that!
Or I'll attack and you don't want that!
Remember the only people making money from IPOs are the venture capitalists/seed money investors. They all have to get paid 1st. They unload their shares to the market for us consumers to purchase and they make a fortune while we are stuck holding the bag. It may be lucrative down the road AND it may not. But traditionally all IPOs lose value within their 1st year in the markets. All media outlets tend to "pump" these IPOs. But once the fun is over, speculation sets in..... and down goes the stock price. My opinion, I tend to wait 9 months post market release to review the fundamentals to gauge whether it is a solid company or not. Be careful people....... Plus these IPOs have to generate income and actually turn a profit.
There are few companies that Wall Street lets slide (Tesla)... I think Tesla recently made a profit some time in 2016. I'm not an expert, just chasing Financial Freedom....
There are few companies that Wall Street lets slide (Tesla)... I think Tesla recently made a profit some time in 2016. I'm not an expert, just chasing Financial Freedom....
Was gonna buy but changed my mind. They can celebrate all they want but that stock is gonna go down hill in a little while. Besides, it won't get any higher than $28-$30 bucks a share.
They said the same thing about Facebook when they went public.
But , Facebook had known revenue stream with ads.
facebook isn't a one trick pony... they've also learn to adapt with modern trends
Facebook was up and down at first as well. But Facebook has a substantial user base, and it's basically a digtal ad revenue generating machine. Only Google tops it.
Can Snap get in on the action? Sure, why not. If you play the long game, then expect ups and downs. I'll hold off until I see their first filing.
Then again maybe someone buys Snap. You just never know as a small investor.
Can Snap get in on the action? Sure, why not. If you play the long game, then expect ups and downs. I'll hold off until I see their first filing.
Then again maybe someone buys Snap. You just never know as a small investor.
ouch
honestly.......im bout to invest a stack in this.....
https://finance.yahoo.com/quote/HEMP?p=HEMP
gettin in while its hella cheap. by the time all states start legalizing it for medical use,....i will be happy i invested.
yall niggaz might wanna consider buying some of this stock before the 15th of next month.
https://finance.yahoo.com/quote/HEMP?p=HEMP
gettin in while its hella cheap. by the time all states start legalizing it for medical use,....i will be happy i invested.
yall niggaz might wanna consider buying some of this stock before the 15th of next month.
Word
Oh wait I haven't checked it since then. What happened? Lol
Oh well you win some and lose some.
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I feel kind of sad that i didn't buy at $24. I KNOW i would have gotten out of $28 and made a couple of bucks lol. I'm 100% certain this stock won't go over $30 for the rest of the year, so i avoided it instead of capitalizing. Just too scared to lose lol.
Yeah I had got in at $25 and change and bought enough shares at $21 to get my average at $22 and got out a little over $23. If it goes back down I'll do a quick flip again.
I never hold IPOs longer than 2 days
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