For the record the upside target I am looking at is 3130, double the last major closing high of 1565 seen on 09 October 2007. That is 17% upside from the latest close at 2667 and just under 24% from the intraday low 2533 seen on 09 Feb 2018. With the forward 4Q earnings set to $162 and a trailing p/e currently at 19.3%, the multiple gives 3126.6 as the price target. Coincidence!!!
High 2873 Jan 26
Low. 2533 Feb 9
Move 340 points
Gives 3113
High 2873 Jan 26
Low. 2533 Feb 9
Move 340 points
Gives 3113
No comments:
Post a Comment