The market is reacting pretty much as expected.
Rosenblatt raised its PT to $100 today, which is in line with what I expected after the last earnings and with my updated estimates.
At the recent ATH, I sold 1/3 of my position, locking in roughly a 200% gain.
If the stock starts pushing above $90, I’ll gradually look to exit the rest of my position.
I’m not saying the stock can’t go higher from there - it absolutely can.
I just think that at those levels, most of the upside I originally invested for will already be behind me.
$PENG
If management keeps mentioning record backlog few times on the earnings call and says it supports 40% YoY revenue growth in FY2027, is that a good thing or not?
Asking for a friend.