Snap shares rise buy – CWEB.com
At least six brokerages, including Morgan Stanley and Goldman Sachs, rated the stock “buy” or higher, citing the company’s long-term growth in a highly competitive market.
Snap surged 44% in its first day of trading Thursday and was up about 19% after Comcast owned NBCUniversal announced it had taken stake in the social media company.
That makes Snap worth more than $40 billion. Do you really think it has a value at this prices? It will not achieve profitability any time soon.