We think the stock is likely worth $0 given the intense competition from other new entrants and established restaurants, which are easily replicating Sweetgreen’s menu and concept.
We are skeptical that Rivian’s IPO will deliver for investors, even with the lower valuation. Investors shouldn’t buy a stock just because it’s in a hot sector.
While we like Warby Parker’s business model, we find the $3 billion valuation much too high for investors to expect a profit from investing in this listing.
Coinbase is not likely to fulfill the profit expectations baked into the stock’s current valuation due to rising competition in the cryptocurrency trading space.