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- MoneyGMoneyG
  ·2021-04-20
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  ARK Invest Stocks To Buy And Watch: 6 Stocks That Cathie Wood's ARK ETFs Own; Coinbase And Tesla Tumble
  Cathie Wood's ARK Invest ETFs are some of the hottest funds after 2020's huge stock market gains. Si
  ARK Invest Stocks To Buy And Watch: 6 Stocks That Cathie Wood's ARK ETFs Own; Coinbase And Tesla Tumble
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- MoneyGMoneyG
  ·2021-04-15
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- MoneyGMoneyG
  ·2021-04-15
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  Snap Rises as Wedbush Sees Growth in AR, E-Commerce
  Snap’s videocentric platform and potential to capitalize on the growth in augmented reality and soci
  Snap Rises as Wedbush Sees Growth in AR, E-Commerce
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Coinbase And Tesla Tumble","url":"https://stock-news.laohu8.com/highlight/detail?id=1161189369","media":"investors","summary":"Cathie Wood's ARK Invest ETFs are some of the hottest funds after 2020's huge stock market gains. Si","content":"<p>Cathie Wood's ARK Invest ETFs are some of the hottest funds after 2020's huge stock market gains. Six ARK Invest stocks to buy and watch are Coinbase, DraftKings, Sea Limited, Square, Teladoc Health and Tesla.</p>\n<p><b>ARK ETFs</b></p>\n<p>TheARK Investinvestment company's flagship fund is ARK Innovation ETF (ARKK). TheARKK ETFfocuses on companies that exhibit \"disruptive innovation,\" a technologically enabled new product or service that potentially changes the way the world works.</p>\n<p>The ARK Innovation ETFsurged more than 152%in 2020, handily beating the Nasdaq's hefty 43.6% return.</p>\n<p>Other ARK ETFs include Autonomous Technology &amp; Robotics (ARKQ), Next Generation Internet (ARKW), Genomic Revolution (ARKG), Fintech Innovation (ARKF) and the recently debuted Space Exploration and Innovation (ARKX).</p>\n<p>How To Invest Like Cathie Wood: Focus On Game Changers</p>\n<p>The ARKK fund's huge gain in 2020 resulted from big stock success stories in cutting-edge tech areas: DNA sequencing, robotics, artificial intelligence, energy storage and blockchain technology.</p>\n<p>\"Disruptive innovation is often not priced correctly by traditional investment strategies because people may not understand how big the ultimate opportunities are going to be. They aren't sizing the opportunity and they aren't analyzing the disruption,\" Wood, the founder and CEO of ARK Invest,commented on the company's website.</p>\n<p><b>ARK Invest Stocks To Buy And Watch</b></p>\n<p>Amid the current stock market uptrend — according toIBD's market outlook— investors should focus on buying top stocks breaking out past correct buy points.</p>\n<p>ARK Invest stocks to buy and watch, and their tickers, include<b>Coinbase Global</b>(COIN)<b>DraftKings</b>(DKNG),<b>Sea Limited</b>(SE),<b>Square</b>(SQ),<b>Tesla</b>(TSLA) and<b>Teladoc Health</b>(TDOC).</p>\n<p><img src=\"https://static.tigerbbs.com/89a2215df71394e5468ae86b66140f17\" tg-width=\"446\" tg-height=\"321\"><b>Coinbase IPO</b></p>\n<p>Cryptocurrency exchange Coinbasedebutedon April 14, pricing at $250 a share.&nbsp;Coinbase stock closed its first day of trading 328.28, up 31.3%, for a valuation of $87.3 billion. Investors should wait for an&nbsp;IPO base&nbsp;to form before jumping into the hot IPO stock.</p>\n<p>The new stake in Coinbase represents another one of the Ark Invest stocks that offers more exposure to cryptocurrencies.</p>\n<p>COIN stock fell 2.6% Monday.</p>\n<p><b>DraftKings Stock</b></p>\n<p>DraftKingsis an online sports platform that allows users to play daily fantasy games and win cash prizes. The company is poised to take advantage of the expanding legalization of digital sports betting across the U.S.</p>\n<p>DraftKings stock is below its50-day moving average. It could form a base once the stock can recover from its downtrend. There is no buy point at this time, but a decisive retake of the 50-day line would be bullish for the stock's prospects.</p>\n<p>The sports-betting leader is one of the newest ARK Invest stocks. On March 8, ARK Invest disclosed a new position of 748,000 shares for the ARKK ETF.</p>\n<p>DKNG stock declined 2.2% Monday.</p>\n<p><b>Sea Limited Stock</b></p>\n<p>Sea says it has both the largest digital entertainment platform and the largest e-commerce operation in the Southeast Asia region, comprised of Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia and Singapore. Its market reach extends to Latin America.</p>\n<p>Sea Limited stock is shaping acup with handle, which offers a 258.70buy point. Shares briefly topped the buy point Monday before reversing 1% lower Monday.</p>\n<p><b>This Cathie Wood Stock Pick Nears A New Buy Poin</b>t</p>\n<p>Square is a digital payments and cryptocurrency leader. Recently, Square disclosed a new $170 million investment in Bitcoin on top of its $50 million purchase in October. Bitcoin represents 5% of total company assets.</p>\n<p>Square stockis nearing a 278.23buy pointin a cup with handle. Shares are about 10% away from the buy point. Despite soaring more than 700% from the coronavirus bear market lows, SQ stock's base is still early stage.</p>\n<p>According to&nbsp;IBD Stock Checkup,&nbsp;Square stock&nbsp;boasts a perfect 99&nbsp;IBD Composite Rating. The IBD Composite Rating helps investors easily measure the quality of a stock's fundamental and technical metrics.</p>\n<p>Square stock moved down over 4% Monday.</p>\n<p><b>Why Tesla Is One Of The Top ARK Invest Stocks</b></p>\n<p>Tesla stock is one of the top ARK Invest stocks, with whopping 11% weighting in the ARKK ETF portfolio. In mid-January, ARK Investunveiled its 2025 price targeton Tesla stock of 3,000 a share.</p>\n<p>On April 13, Tesla stock surged over 8% to decisively reclaim its 50-day moving average. Shares are building the right side of a new cup base. But it is a late-stage base.</p>\n<p>TSLA stock dropped 3.4% Monday.</p>\n<p><b>Teladoc Health Stock</b></p>\n<p>Teladoc Health provides on-demand health care services, such as nonemergency doctor's appointments, online. More doctors and patients are opting for telemedicine due to Covid-19. Teladoc is one of the biggest ARK Invest stocks, with an over-6% portfolio weighting in the ARKK portfolio.</p>\n<p>TDOC stock is trading about 40% off its 52-week high and is far below its 10-week moving average. Shares fell 3% Monday.</p>","source":"lsy1610449120050","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARK Invest Stocks To Buy And Watch: 6 Stocks That Cathie Wood's ARK ETFs Own; Coinbase And Tesla Tumble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARK Invest Stocks To Buy And Watch: 6 Stocks That Cathie Wood's ARK ETFs Own; Coinbase And Tesla Tumble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-20 12:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/research/ark-invest-stocks/?src=A00220><strong>investors</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood's ARK Invest ETFs are some of the hottest funds after 2020's huge stock market gains. Six ARK Invest stocks to buy and watch are Coinbase, DraftKings, Sea Limited, Square, Teladoc Health ...</p>\n\n<a href=\"https://www.investors.com/research/ark-invest-stocks/?src=A00220\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","ARKR":"Ark Restaurants Corp","ARKX":"ARK Space Exploration & Innovation ETF","ARKQ":"ARK Autonomous Technology & Robotics ETF","ARKF":"ARK Fintech Innovation ETF","ARKW":"ARK Next Generation Internation ETF","ARKG":"ARK Genomic Revolution ETF"},"source_url":"https://www.investors.com/research/ark-invest-stocks/?src=A00220","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161189369","content_text":"Cathie Wood's ARK Invest ETFs are some of the hottest funds after 2020's huge stock market gains. Six ARK Invest stocks to buy and watch are Coinbase, DraftKings, Sea Limited, Square, Teladoc Health and Tesla.\nARK ETFs\nTheARK Investinvestment company's flagship fund is ARK Innovation ETF (ARKK). TheARKK ETFfocuses on companies that exhibit \"disruptive innovation,\" a technologically enabled new product or service that potentially changes the way the world works.\nThe ARK Innovation ETFsurged more than 152%in 2020, handily beating the Nasdaq's hefty 43.6% return.\nOther ARK ETFs include Autonomous Technology & Robotics (ARKQ), Next Generation Internet (ARKW), Genomic Revolution (ARKG), Fintech Innovation (ARKF) and the recently debuted Space Exploration and Innovation (ARKX).\nHow To Invest Like Cathie Wood: Focus On Game Changers\nThe ARKK fund's huge gain in 2020 resulted from big stock success stories in cutting-edge tech areas: DNA sequencing, robotics, artificial intelligence, energy storage and blockchain technology.\n\"Disruptive innovation is often not priced correctly by traditional investment strategies because people may not understand how big the ultimate opportunities are going to be. They aren't sizing the opportunity and they aren't analyzing the disruption,\" Wood, the founder and CEO of ARK Invest,commented on the company's website.\nARK Invest Stocks To Buy And Watch\nAmid the current stock market uptrend — according toIBD's market outlook— investors should focus on buying top stocks breaking out past correct buy points.\nARK Invest stocks to buy and watch, and their tickers, includeCoinbase Global(COIN)DraftKings(DKNG),Sea Limited(SE),Square(SQ),Tesla(TSLA) andTeladoc Health(TDOC).\nCoinbase IPO\nCryptocurrency exchange Coinbasedebutedon April 14, pricing at $250 a share. Coinbase stock closed its first day of trading 328.28, up 31.3%, for a valuation of $87.3 billion. Investors should wait for an IPO base to form before jumping into the hot IPO stock.\nThe new stake in Coinbase represents another one of the Ark Invest stocks that offers more exposure to cryptocurrencies.\nCOIN stock fell 2.6% Monday.\nDraftKings Stock\nDraftKingsis an online sports platform that allows users to play daily fantasy games and win cash prizes. The company is poised to take advantage of the expanding legalization of digital sports betting across the U.S.\nDraftKings stock is below its50-day moving average. It could form a base once the stock can recover from its downtrend. There is no buy point at this time, but a decisive retake of the 50-day line would be bullish for the stock's prospects.\nThe sports-betting leader is one of the newest ARK Invest stocks. On March 8, ARK Invest disclosed a new position of 748,000 shares for the ARKK ETF.\nDKNG stock declined 2.2% Monday.\nSea Limited Stock\nSea says it has both the largest digital entertainment platform and the largest e-commerce operation in the Southeast Asia region, comprised of Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia and Singapore. Its market reach extends to Latin America.\nSea Limited stock is shaping acup with handle, which offers a 258.70buy point. Shares briefly topped the buy point Monday before reversing 1% lower Monday.\nThis Cathie Wood Stock Pick Nears A New Buy Point\nSquare is a digital payments and cryptocurrency leader. Recently, Square disclosed a new $170 million investment in Bitcoin on top of its $50 million purchase in October. Bitcoin represents 5% of total company assets.\nSquare stockis nearing a 278.23buy pointin a cup with handle. Shares are about 10% away from the buy point. Despite soaring more than 700% from the coronavirus bear market lows, SQ stock's base is still early stage.\nAccording to IBD Stock Checkup, Square stock boasts a perfect 99 IBD Composite Rating. The IBD Composite Rating helps investors easily measure the quality of a stock's fundamental and technical metrics.\nSquare stock moved down over 4% Monday.\nWhy Tesla Is One Of The Top ARK Invest Stocks\nTesla stock is one of the top ARK Invest stocks, with whopping 11% weighting in the ARKK ETF portfolio. In mid-January, ARK Investunveiled its 2025 price targeton Tesla stock of 3,000 a share.\nOn April 13, Tesla stock surged over 8% to decisively reclaim its 50-day moving average. Shares are building the right side of a new cup base. But it is a late-stage base.\nTSLA stock dropped 3.4% Monday.\nTeladoc Health Stock\nTeladoc Health provides on-demand health care services, such as nonemergency doctor's appointments, online. More doctors and patients are opting for telemedicine due to Covid-19. Teladoc is one of the biggest ARK Invest stocks, with an over-6% portfolio weighting in the ARKK portfolio.\nTDOC stock is trading about 40% off its 52-week high and is far below its 10-week moving average. Shares fell 3% Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347007538,"gmtCreate":1618447357924,"gmtModify":1704710934369,"author":{"id":"3581492477604870","authorId":"3581492477604870","name":"MoneyG","avatar":"https://static.tigerbbs.com/0e24fc27397a5d54b9312eb608759716","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581492477604870","authorIdStr":"3581492477604870"},"themes":[],"htmlText":"w2&nbsp;","listText":"w2&nbsp;","text":"w2","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347007538","repostId":"1166763312","repostType":4,"isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347007259,"gmtCreate":1618447340271,"gmtModify":1704710934207,"author":{"id":"3581492477604870","authorId":"3581492477604870","name":"MoneyG","avatar":"https://static.tigerbbs.com/0e24fc27397a5d54b9312eb608759716","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581492477604870","authorIdStr":"3581492477604870"},"themes":[],"htmlText":"...&nbsp;","listText":"...&nbsp;","text":"...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347007259","repostId":"1166763312","repostType":4,"repost":{"id":"1166763312","kind":"news","pubTimestamp":1618409349,"share":"https://ttm.financial/m/news/1166763312?lang=&edition=fundamental","pubTime":"2021-04-14 22:09","market":"us","language":"en","title":"Snap Rises as Wedbush Sees Growth in AR, E-Commerce","url":"https://stock-news.laohu8.com/highlight/detail?id=1166763312","media":"The Street","summary":"Snap’s videocentric platform and potential to capitalize on the growth in augmented reality and soci","content":"<blockquote>\n Snap’s videocentric platform and potential to capitalize on the growth in augmented reality and social e-commerce prompt an outperform rating at Wedbush.\n</blockquote>\n<p>Snap&nbsp;(<b>SNAP</b>) -Get Report&nbsp;shares rose on Wednesday after Wedbush initiated coverage of the photography-focused social-media company with an outperform rating and $75 price target.</p>\n<p>\"We see Snap uniquely positioned as a videocentric platform, with an augmented reality and social commerce opportunity, also centered around a younger, digitally native audience,\" wrote Wedbush analyst Ygal Arounian.</p>\n<p>\"Snap is seeing improving momentum coming out of the pandemic, as its platform has gained traction with advertisers. Snap&nbsp;more than doubled its advertiser count year-over-year in fourth-quarter 2020, reaching its highest&nbsp;number of advertisers to date.\"</p>\n<p>Snap recently traded at $63.99, up 2.5%. The $75 target indicates 20% potential upside from Tuesday's close at $62.44.</p>\n<p>The Santa Monica, Calif., company has more than doubled over the past six months amid strong demand for social-media stocks.</p>\n<p>Last month,Bank of America analyst Justin Post downgradedthe stock to neutral from buy, cutting his price target to $67 from $78.</p>\n<p>He cited valuation concerns for the social media company. It was then trading at $55.50, some 15% below current levels.</p>\n<p>Post said that additional multiple expansion is \"unlikely\" in coming quarters. “We think investors may become increasingly concerned on tougher [second half] comps, especially in context of a broader economy that should be accelerating.”</p>\n<p>In February,Morgan Stanley had upgraded Snapto overweight from equal weight. \"SNAP’s use cases/engagement continue to expand,” Morgan Stanley analyst Brian Nowak said.</p>\n<p>Also in February,Snap forecast a first-quarter loss before interest, taxes, depreciation and amortization, undermining a better-than-expected financial report for the fourth quarter.</p>\n<p>Snap said its adjusted first-quarter loss on that basis would range from $50 million to $70 million.</p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Snap Rises as Wedbush Sees Growth in AR, E-Commerce</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSnap Rises as Wedbush Sees Growth in AR, E-Commerce\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-14 22:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/snap-initiated-outperform-wedbush><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Snap’s videocentric platform and potential to capitalize on the growth in augmented reality and social e-commerce prompt an outperform rating at Wedbush.\n\nSnap (SNAP) -Get Report shares rose on ...</p>\n\n<a href=\"https://www.thestreet.com/investing/snap-initiated-outperform-wedbush\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNAP":"Snap Inc"},"source_url":"https://www.thestreet.com/investing/snap-initiated-outperform-wedbush","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166763312","content_text":"Snap’s videocentric platform and potential to capitalize on the growth in augmented reality and social e-commerce prompt an outperform rating at Wedbush.\n\nSnap (SNAP) -Get Report shares rose on Wednesday after Wedbush initiated coverage of the photography-focused social-media company with an outperform rating and $75 price target.\n\"We see Snap uniquely positioned as a videocentric platform, with an augmented reality and social commerce opportunity, also centered around a younger, digitally native audience,\" wrote Wedbush analyst Ygal Arounian.\n\"Snap is seeing improving momentum coming out of the pandemic, as its platform has gained traction with advertisers. Snap more than doubled its advertiser count year-over-year in fourth-quarter 2020, reaching its highest number of advertisers to date.\"\nSnap recently traded at $63.99, up 2.5%. The $75 target indicates 20% potential upside from Tuesday's close at $62.44.\nThe Santa Monica, Calif., company has more than doubled over the past six months amid strong demand for social-media stocks.\nLast month,Bank of America analyst Justin Post downgradedthe stock to neutral from buy, cutting his price target to $67 from $78.\nHe cited valuation concerns for the social media company. It was then trading at $55.50, some 15% below current levels.\nPost said that additional multiple expansion is \"unlikely\" in coming quarters. “We think investors may become increasingly concerned on tougher [second half] comps, especially in context of a broader economy that should be accelerating.”\nIn February,Morgan Stanley had upgraded Snapto overweight from equal weight. \"SNAP’s use cases/engagement continue to expand,” Morgan Stanley analyst Brian Nowak said.\nAlso in February,Snap forecast a first-quarter loss before interest, taxes, depreciation and amortization, undermining a better-than-expected financial report for the fourth quarter.\nSnap said its adjusted first-quarter loss on that basis would range from $50 million to $70 million.","news_type":1},"isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}