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Morgan Stanley’s price target for Snap went from $80 to $7 in 18 months
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I wonder if there are people who look at their price targets and go ‘Wow !!Morgan Stanley is bullish on this..So I must be buying a lot of this stock’ ..At this point,not even the people at Morgan Stanley give a shit about these price targets…….
SNAP was in the 60s when the first article came out, went as low as 48, and then it went to 83 in September, 3 dollars over their price target of 80. Now, I’m no “market psychology expert” but if Morgan Stanley says the price target is 80 I’d have to imagine a lot of people are going to sell it at 80.
>It’s no surprise that I’m upgrading Snap to overweight with a $80 price target. The company is simply too reliant on branded, less proven ad spend in the US, and this creates significant execution risk for their growth model. Additionally, macro conditions are weakening globally which further adds to my concerns about their ability to grow and differentiate themselves going forward.
No one knows shit about fuck….
They don’t know shit about the future of any company. Their price targets are even a bigger joke. At best these reports are good to see if there is any demand slowdown/acceleration trend or supply chain issues etc.
Price targets, upgrades, and downgrades are pretty useless apart from changing short-term sentiment. They’re reactionary, not predictive.
I dont want to believe that some blokes get paid a fortune just to make up stock prices
Snapchat is the Wish version of the other social media apps
Oh snap
They truly are a credible source.
Damn, almost like it’s all bs
Does anyone care what Motgan Stanley thinks….?
To be fair, a lot can happen to a company in 18 months.
Price going up = higher target
Price going down = low target
Geniuses at work
This is just another reason for me to buy my own dice or magic 8 ball for price targets.
I’m not surprised. The only people I ever connect with on Snap are Tinder matches that turn out to be literal whores.
I shorted this junk SNAP when it was in 40s, covered after stop loss. It later went upto 70s. Those who bought high, deserve to lose their money.
I did not have patience to hold the short, amidst rampant idiots with their big money.
it’s because of apple’s new feature which lets people to not allow ads tracking data from different apps which makes it harder for advertisers to market to the right people. Thats the reason why all the big social media companies are down this year. i don’t blame morgan stanley since this was unpredictable
I’m convinced they hire some regard for minimum wage to type up that garbage.
Since we buy dips, this must be a courtesy call to load up on buying power.
Always ignore analysts
technically this isn’t a chart but i’ll allow it
So it’s clear to say they are “short” Snap now?
Anal ist working to sprew shit.
Jim cramer-july 2021-snapchat is a buy([https://www.youtube.com/watch?v=9jP9yFARwA4&t=61s](https://www.youtube.com/watch?v=9jP9yFARwA4&t=61s))
jim cramer – oct 2022- snapchat is a loser and a joke ([https://www.youtube.com/watch?v=UFdxK9fn3jo](https://www.youtube.com/watch?v=UFdxK9fn3jo))
Snapchat has lost more than 90% from ath..almost same as a shitcoin.
Morgan Stanley coming in clutch with that quality DD
What goes up, comes down.
It’s time has gone, unless something radical happens.
Only regards buy stocks base on analysts
Experts
They’re just throwing darts for price targets. It doesn’t matter what the target is so long as people read it
Morgan stanley is staffed by morons.
They think ups volume is 30-40% Amazon packages.
I can’t divulge what it is but it’s not nearly that high.
It’s under 11% of ups revenue (latest earnings reports)
New bag holders created? This is the way….
That is 20 months but yes
This is why I stopped doing individual stocks and switched over to spx and emini futures. There is too much fuckery with individual stocks.
I wonder how many bought on the 70$ target
I have to say I’m pretty happy that everyone in here hates Snap now. I feel good about my buy at $7.50
Yup, a bunch of regards
The target price is always bullshit
MLS
These price targets should not be taken seriously, they are only used to pump and dump the stock for the investment companies benefit
If it was a real “price target”, they wouldnt be changed every 3 months without some extraordinary circumstance, it’d just be a long term estimate that was pretty much kept as the target
so what were their analysts smoking? just fire them for such analysis rofl