Snap Inc the parent of Snapchat got listed in NYSE at $17. On debut in NYSE, the share price jumped 44% which indicate the hype around Internet companies, We should agree that every company cannot be Facebook and Google. Snap INC Stock Price skyrocketed and reached $29.44.Post reaching the top, the share price is on the slide and currently at $22.07. The company six month revenue ending Dec2016 were $404 million and Earning per Share stands at negative (-)35.83. In that scenario, The current market capitalization $25.5 donot hold good.It is expected that investor interest will die down and our stock price target is $10 for the next two years..
Snap Inc the parent of Snapchat got listed in NYSE at $17. On debut in NYSE, the share price jumped 44% which indicate the hype around Internet companies, We should agree that every company cannot be Facebook and Google. Snap INC Stock Price skyrocketed and reached $29.44.Post reaching the top, the share price is on the slide and currently at $22.07. The company six month revenue ending Dec2016 were $404 million and Earning per Share stands at negative (-)35.83. In that scenario, The current market capitalization $25.5 donot hold good.It is expected that investor interest will die down and our stock price target is $10 for the next two years.
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Alphabet Inc formerly known as Google Inc is trading at higher price. Any miss in quarterly result will take the company share down by 20% or any geo political tension may also trigger selloff. It's recommended to book profit and reenter if stock slip by 15% in near future.
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