I've been seeing a lot of people discussing and investing into $NOW recently due to its large pullback. That being said, I've seen a lot of people screaming about it being on sale or undervalued without any support to their claims. Has the market been looking good rmthese past few days for the name? Yes, just like most other Saas names. The real question in my mind is if this is a prudent investment or just the next hype/fomo company on blossom... Currently priced at over 60pe implies that just to earn a 10% rate of return annualized the business would have to grow earnings at 30% each year for the next decade. Is that reasonable? I know next to nothing about this company, I'm just doing very surface level analysis. I very well may be wrong, and if I am please feel free to drop an explanation. Remember, price movement is one thing, valuation is another.
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