After gaining more than 73 percent at their highest point from last Wednesday's initial public offering, shares of Snap Inc. (NYSE: SNAP) retreated by close to 12 percent today, with close to 70 million shares trading hands; lighter action than what was witnessed Thursday and Friday, when over 100 million shares traded each day.

Blasting News has previously reported on the recommendation of Investor's Business Daily with regard to SNAP stock, and all IPOs, to let shares "consolidate," and then consider buying if prices breakout from a defined range.

The publication recommends using stop losses of a maximum of 8 percent, diversification, and other measures, to manage risk when trading stocks.

Snap revenue forecast to grow five-fold by 2018

The Goldman Sachs Group, Inc. (NYSE: GS) has issued a forecast calling for Snap revenue to grow by 500 percent, to $2 billion, by 2018. By contrast, CNBC has noted that Barron's has called for the price of SNAP stock to be "cut in half," and commentary from Laura Martin and Dan Medina with Needham that even if Snap is able to generate revenue of $3.3 billion by 2019, an 800 percent increase, "its share price would decline based on FB & GOOG EV/Sales ratios."

CNN Money has stated that the success of the SNAP stock offering might be "just what the IPO market needs," pointing out that investors have been flocking to purchase shares, despite slowing user growth, as well as a string of losses.

AirBnB, Uber, and Xiaomi are among names floated by the network as being likely candidates for future public offerings. Each is included in a list of startup technology "unicorns," as compiled by Fortune.

SNAP stock success leads to speculation of more offerings

Blasting News has previously featured statements from the CEO of technology/fitness company Peloton, with regard to possible plans to go public in the near future, with 200,000 users paying $39 monthly subscription fees, and $12.3 million in venture capital financing, it is unclear if Peloton would qualify as a "unicorn," which Uber and Airbnb, and many others, do.

Growth, as well size and sustainability, are key considerations among venture capital investors.

Fortune describes a "unicorn" as a private, startup company "valued at $1 billion or more." Palantir and Didi Kuaidi follow Uber, Airbnb, and Xiaomi on the Fortune list of unicorns for 2016. The financial publication states that startups valued at more than $1 billion were "once the stuff of myth," and observes that currently, "they're seemingly everywhere."