1 Reason to Sell Latch and 3 Reasons to Buy
Shares of recent special purpose acquisition company (SPAC) IPO Latch (NASDAQ: LTCH) took a tumble following a downgrade from Goldman Sachs. Due to delays in construction projects and other complications from supply shortages, the Wall Street analyst thinks Latch is having to offer bigger discounts to customers than previously expected.
The stock is now 31% off of its all-time high since its SPAC merger earlier this year, and the concern pointed out by Goldman Sachs should give some investors pause. But Latch was never going to be a fast moneymaker. If you believe in the company's vision, there are still ample reasons to believe this real estate technologist could be a long-term winner.
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Source Fool.com
