That’s good ...but they have lowered it from previous one eh
Target $13.30 sort of implies $11.40 / $11.50 today
Wonder what their ‘formula’ for coming up with price targets is
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Heading back to 10 something by looks of it
Suppose $10 is about fair value for now based on GS target of $13.30 after discounting the GS hype factor and considering it’s a target for a year out
They use combnination of DCF & EV/EBITDA, multiples roughly inline with peers now.
I added a handful today for a medium-long term hold, probably gonna get abit f* if this tries to test the A$10 level but I wouldnt be surprised if this becomes a buyout target given the brand has built some notoriety overseas.
hammertime is coming i can feel it