$DATS - Datchat sees positive market sentiment, and will likely continue to run upward.
The social media and chat space has a ton of market opportunity right now. With the hacking, lack of privacy, and recent unexpected downtimes of Facebook, Instagram, and Snapchat reaching media and markets each day, Datchat's timing is aligning perfectly. In addition to secure and time-erasing messaging, the concept of groups or pages having time-limit messaging is ideal in this evolving social tech atmosphere.
The app is OK, but really a perfect foundation. The security features they boast are solid and create a prime target for the company to add a bit of sparkle and glamour to boost the interface, or a target for a buyout to introduce the security features into another social platform, or both. In the end, the security and infrastructure they have built is much more important than ease-of-interface and polished UI - Those are easy to add here and will likely come soon.
Yes, I believe the risk for an offering is (Medium) if the price were to surge too high too quickly. With only 17.25M shares out, and estimated half the short is floated, this stock is perfect for investors. It will continue to be highly volatile, but continue to trend upward.
Price target: $15-16 may see some consolidation, but if it reaches to the $20 range then it should go even higher.
The recent announcement of Barstool's National Marketing Campaign on Barstool Sports (Launching early Novemeber) is excellent news, as it is expected to bring in additional traffic and content to the platform.