2 Bulls, 1 Bear: Sohn Conference Takes On Facebook (FB), GrubHub (GRUB), Box (BOX)

Box Inc (NYSE:BOX)

San Antonio’s game 4 win over the Golden State Warriors on Sunday night was probably the biggest shock that Warriors co-owner and board member Chamath Palihapitiya of Social Capital will have all year, as his investment predictions tend to be highly accurate. Palihapitiya pitched Amazon.com, Inc. (NASDAQ:AMZN) during the 2016 Sohn Conference, which has doubled in value in the two years since.

At this year’s event he pitched Box Inc (NYSE:BOX) as a possible ten-bagger, which he believes the company’s stock could achieve over the next ten years, growing from a $3 billion company today to a $30 billion one. Palihapitiya loves the stock’s low churn and huge margin of safety and believes it’s one of the cheapest around given its rapid growth. He told attendees that if they believe in AI being the future, then they need to be long Box (as well as Amazon and Alphabet Inc (NASDAQ:GOOGL)). Box gained 11% yesterday thanks to his endorsement.

Facebook Inc (NASDAQ:FB)

Lastly is Facebook Inc (NASDAQ:FB), which was given a short recommendation by Jeffrey Gundlach of DoubleLine Capital, who believes Zuckerberg’s apologies over Facebook’s data missteps have been insincere and that the social media behemoth could get hit with a gargantuan fine and have its equity bubble popped by government regulations, as happened in the past with tobacco and biotech stocks.

On the other hand, both Bill Gurley of Benchmark and Palihapitiya offered some support for Facebook in comments made to CNBC after the event, with Gurley stating that Facebook has time to regain the trust of users, and Palihapitiya (a former Facebook executive) being of the belief that Facebook does want to support user privacy and that they’ll figure it out.

Disclosure: None