Snap shares rise buy – CWEB.com

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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.

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