[WeeklyTop5Stocks] Can we expect another soared IPO debut next?

Popular on moomoo joined discussion · Dec 14, 2020 09:37

Good Monday morning mooers!! Welcome back to our weekly series, the Weekly Top 5 Stocks, where we review the news and performance of the most popular stocks on Moomoo platform based on search and message volumes last week!!!

It's been a banner year for the IPO market and last week showed again the retail interest in public offerings has soared this year. Check out the top 5 stocks list for last week below:

[WeeklyTop5Stocks] Can we expect another soared IPO debut next?

#1 Tesla

It's been 6 weeks since the last crown Tesla wore in the weekly list. Tesla share price hit record all-time-high of $668 in pre-market trades last Tuesday, then retreated due to the $5 billion at-the-market share offering thought. Next event we can expect is its addition to the S&P 500 Index on Dec.21, the biggest-ever single-stock addition to the index.

How should we value the stock? Interestingly, Goldman Sachs has a price target of $780, while JPMorgan Chase’s is $90.

#2 Airbnb

Finally, Airbnb debut! It ended up raising $3.5 billion, ranked as the third-biggest IPO of the year. The stock price opened at $146, more than doubled its $68 IPO pirce.

CEO of Airbnb, Brian Chesky reaction:"That’s the first time I’ve heard that number. Um, that is, that’s … I … you know, when we … in April, we raised money, it was a debt financing … uh … that price would have priced us around $30. So I … I don’t know what else to say. It’s … that’s a … that’s a very … that’s … um … that is … yeah … I’m very humbled by it."

Mooers Comment

@Austin Anderson : I'm assuming that they keep raising the price because Covid-19 lockdowns have not done them any favors. They are quickly trying to gain any losses they have taken from all this chaos

#3 Palantir

Palantir has been climbing higher in recent weeks because of its potential with the U.S. federal government, the stock up more than 150% in just over 2 months. However, there are voices pointed out that Palantir stock run could cool in 2021. It now trades at about 40x projected 2020 revenues. Do you think it's over valued?

Mooers Comment

@wyzetrades : PLTR has to take a position after a possible short squeeze but I feel like its trending enough to have more upside, definitely going to be watching it close tho

#4 Sundial Growers

SNDL earned itself additional 180 days to satisfy Nasdaq's compliance requirements, which include a minimum share price of $1. However, the market has been down on SNDL recently, seems the eletion effect is finally diminished. If necessary, we may see a reverse stock split to bring its share price into the requited range.

Mooers Comment

@OldNormanBates : This is my 4th and probably my last time in this mess, even though it has been great time. Just too hard on the body😂Did buy some at 0.470 this morning, At 0.502 avg

#5 Doordash

Another soared IPO debut last week. Dash hit the public market on Wednesday, and closed the day up 86% from its IPO price of $102. The food delivery business was once quite profitable before 2018. But since then, competition has left the industry ragged and profitless. Can Doordash be an wining investment? Time will tell.

While we are expecting more giant IPO stocks to come, Affirm and Roblox both postponed their IPOs. December is not the proper timing for all.

At last, here is mooer's quote to share

@Stock Li : NIO, every day, i count how many shares i have, not how many dollars i have, you will have peace in mind. 🤣

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