Relative valuation appears significantly inflated compared to peers. A more justifiable valuation would be in the vicinity of 90, with a target of 95 anticipated by next month. Even considering favorable political tailwinds, the current trajectory seems unsustainable, potentially reaching 120 before retracing.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.