RE:RE: GRNI don't think that is true. Analysts base their share price targets on in-depth analysis, and then assign a multiple based on revenue or income (depending on company stage). These analysts were assigning a premium multiple to GRN, based on it being in the ESG sector plus plenty of tailwinds over the coming years. The share price has blown past estimates due to a bit more speculatiuve fervor than they'd anticipated.
Is GRN currently overvalued? Yes.
Do I think it's a bad price point to buy in? Not necessarily, if you have a long time horizon.
There are so many distortions in the market right now, and GRN has gotten a bit ahead of itself.
However, based on where XBC's valuation is by comparison, not to mention the market segment they operate in, more short-term upside is possible.
Just don't fool yourself: the current share price is not cheap compared to 2020 revenue. Even based on 2021 projected revenue of $46 million (Haywood), the stock is trading at 4.1x revenue, or 5.4x on a fully diluted basis.
Long term I love this story and don't plan on selling a single share anytime soon.
1condor wrote: Now that GRN has broken through all the analysts targets (which where just increased over a week ago from 1.30 to 1.65)...now what...will these same "high paid" analysts just pick another target out of the hat (or whatever technique they use). Just shows you that these so called professionals haven't a clue.