The PE look inflated just beacuse of the weak earnings from the last 3-4 quarters and increase in price from lower levels
We can ignore. the PE atlest in this situation as the anticipation of earnings is strong and they are targeting an icrease in margins and improvement in overall profitability
The stock looks bound to go up to its ATH which is 22-25% gain from current levels and if the business recovers we can also see a new ATH
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