At $13 earnings this year and $15 next year (likely $16 next year), giving a PE of 30, we have $390 to $450 and giving 40, we have $520 to $600. Of course, the high numbers are for next year’s earnings and we can expect shares to move to $450 to $600 range in 6 months to a year. Perhaps, looking for $500 a year from now will be a reasonable expectation. Given the AI tailwind, these EPS numbers may be conservative, making the probability of hitting 500 in the next year pretty high. Street may not like Mag 7, but one has no choice but to get behind them as that is where the money is! Cheers.
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- LEESIMON·10-18🩷GoodLikeReport