TSLA stock is still trading at high valuations when compared to its peers and other growth stocks. The company is facing a series of challenges such that Elon Musk raised the possibility of bankruptcy.
Video game sales sunk to pre-pandemic levels last month, yet GME stock trades at a price more than 24 times higher than it was in early 2020.
Elon Musk’s Twitter buyout gives an idea of how much an acquirer could pay for SNAP stock. This sets a floor on the price while its growth plans represent the potential upside.
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