Does Chewy Stock Have 26% Upside to $42?

The quiet period for the recent Chewy (CHWY)  initial public offering has lifted, allowing analysts to issue their ratings and price targets. Overall? A mix of bullish-to-neutral ratings, which made the 3.2% decline to $33.29 in Tuesday’s trading session somewhat surprising.  Of nine initiations, Chewy nabbed four buy-equivalent ratings. Wells Fargo and Bank of America assigned a $40 price target, while J.P. Morgan and UBS assigned a price target of $42, with the latter representing more than 26% upside from current levels. Of course, if we’re going to talk about upside in the headline, it’s…

Is Pinterest Stock a Good Buy Right Now?

Hot IPOs can be tough to gauge, particularly in a market like this where volatility is climbing and the declines are being exacerbated by trade-war worries. We’ve seen big declines in names like Lyft (LYFT) and more recently Uber (UBER) , although others like Pinterest (PINS) and Zoom Video (ZM) have been doing much better. Zoom has been off to the races — still up roughly 100% from its IPO price — while Pinterest continues to hold onto its strong yet more reasonable gains. Shares have been chopping between $28…

How Much Is Uber Stock Really Worth?

You can’t really say it’s been a rough IPO market, with many names performing quite well since going public. Zoom Video (ZM) , Pinterest (PINS) and others have been strong thus far. However, we can say it’s been a rough IPO market for ride-hailing services as both Uber (UBER) and Lyft (LYFT) have seen strong selling pressure since making their debuts. Lyft opened for trading near $88 in late March and is quickly down $40 a share six weeks later to $48 on Monday. The stock is down about 6%…

How to Trade Lyft Stock After Its First Earnings Report

Shares of Lyft (LYFT)  were rising about 2% to $60.50 in early Wednesday trading following its first earnings report as a public company on Tuesday. When a company can report a non-GAAP loss of $9.02 per share and miss estimates by $7.95 per share and rally, it may just be time to buy. That’s a bit tongue-in-cheek, but all kidding aside it’s impressive that Lyft stock is able to rally despite a somewhat alarming headline result. Here’s Wall Street’s takeaway.  While it was able to grow revenue 95.4% year over…

Why Lyft Is the Worst Thing to Happen to the IPO Market

Lyft (LYFT stock climbed 1.7% to $61.15 in Thursday trading, but the rally’s doing little to comfort the investors who saw their position hammered to the tune of ~9% in the prior session. In short, the Lyft IPO has been a disaster. It was the front-runner to a long list of other IPOs coming later this year, like Uber, Pinterest, Slack, Peloton and others. Airbnb is another massive unicorn, but management was already on the fence about a 2019 IPO. Lyft’s debut certainly didn’t help matters. There was a ton of demand…