With the dust settling on Snap’s mammoth IPO, the company’s Wall Street backers have started releasing their coverage of where its stock is heading. At first, the so-called ‘Street consensus’ – made up of aggregated estimates from 25 of its analysts and underwriters – buoyed the company behind Snapchat, with more than eight of them unsurprisingly giving it a ‘buy’ rating last week. Their reviews may have shifted from bearish to bullish, but their forecasts reveal some fairly eye-watering details when it comes to the details. Their consensus estimates see Snap racking up losses of over $2bn this year, with some individual analysts calling it at $3bn. These bulging net losses come despite projected revenue growth of $700m on 2016’s figures, with Goodwater Capital’s projections coming in at $1.1bn for this year. Whether investors see this as enough to make a break for rivals depends on how comfortable they are sticking it out: the Street consensus has made public its confidence in Snap’s ability to monetise its popular app, yet it doesn’t see the company turning a profit until 2021.