Howard Weid knows it is a strong buy with plenty of upside potential; they were hoping to create a pull back and then get in cheaper.
I do like the $39 price target, but it looks like they will almost double revenue, so I'm hoping for the mid forties. Yes, knock on wood!!
I agree. Given the growth rate, I think this stock deserves a multiple of 30. This would put stock price at $69. A multiple of 20 by mid year is very reasonable ($46). I am trying to be conservative. I suspect that as this company proves they can meet guidance, the multiple will go up to 30 within a year or two, provided there is no dilution. I think that is what is keeping the price at these levels. If they say at the earnings conference, "there will be no dilution", the price rise will accelerate.