Price Target revised to $50.78 but is presently trading at $58.80
Nice link to Forbes article based on TREFIS analysis posted in Headlines to Yahoo Finance. I guess no one likes to read these days as the stock BUBBLE grows. But when it POPS, investors will start reading again.
even $50 is ridiculous. 4 Billion in revenue and under 1 Billion in GAAP earnings with no dividend
is not worth $30 Billion dollars. But people don't care. We are dinosaurs to even think about
fundamentals and what they are worth. When this takes the next downturn I will walk away and
never play it again. Maybe as soon as tomorrow.
Snowball you have to got to realize that we are in a secular bull market that has turned into a stock BUBBLE created by Fed policy. Just like in 1999 and early 2000, its just amazing high how these stocks can go before they collapse. But one thing is for sure, there will come a day when they do come back to earth, we just do not know when. Honestly, all the trading money I have made lately have been from LONG positions but I took ADBE SHORT because I felt there earnings were that poor. But despite poor earnings, all they want to talk about is this CLOUD as if they are the only in that business. Keep the Faith and leave room for it to go up some more. Better yet, it is best to stagger your Puts or Short position so that you can profit more if the stock continues to rise.