Just go upgraded to a buy rating by BTIG. Wondering how much upside there is in the stock? Any risk takers think it'll go back to 17+ here?
FYI i cancelled my onsite when the price was at $7 🤣🤣
- Fitbit vtuOwnLI got an on-site with snap, saw the stock a day or two before the on-site, remembered it was for the snap-glasses team and then talked some sense into myself to cancel that onsite lol
- Snapchat / ProductOceansI think everyone is overly excited about the product growth not being a mass exodus from Q4. However that's usually the products peak growth period for users and we stayed flat (declined a slight bit).
Also to keep in mind Tik Tok wasn't a huge issue in the beginning of Q4. A majority of Tik Tok users are high schoolers and younger, which also happens to be Snapchats core user base.
That being said, Snap is inching towards profitability by cutting costs. Something Wall St loves.
- Snapchat yaymusroomThe people who interviewed when it was $7 joined when it was $5 and their initial grant is worth double now. Very good timing. I'm super jealous, but at least we got refreshers priced at $6, which is nice.
It's a bit counter intuitive, but if you believe in a company you're better off joining when things are scary and the price is low than when it's high.