So those of you who follow snap or have a position in it, noticed that this week it had a great rally. Went up over 11% and this was mainly because of 2 reasons...
1) credit suisse reiterated their outperform rating
2) Jim Cramer talked about it on cnbc
The positive news is finally starting on the company. I think that from August it has bottomed out, and now that they are more focused on generating ad revenue, more advertisers will start using the platform. YouTube stars already use it to organize fan meet ups, for giveaways, or to sell their merchandise. There's a lot of different revenue streams to come out of snapchat, and I think it's only a matter of time before the market turns their bearish sentiment to something more positive...
Anyways here's a video going over this in detail and what I think the price of the stock will be (or exceed) by end of year. I'll also be releasing a video tomorrow (Sunday) on stocks im watching this week and what my reasons are behind it so I hope you guys find this helpful.
Also let me know what your positions and views are on snapchat! I'm long, and I'll probably be holding this company for a few years minimum.
Submitted October 15, 2017 at 10:51AM by blackdragon1299 http://ift.tt/2gcHzGJ
