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 🤣🤣
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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.
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.