RE:Comments from RBC this morning" Our $42.00/share price target is based on an EV/EBITDA
multiple of 11x ..."
It reveals the great divide in market participation to encounter this old-style analysis, when dividend yields and multiples of earnings are actually considered.
All the 'dream' stocks, many especially in the States, are selling for hundreds or thousands of dollars when considering splits, have no earnings and probably will never have earnings, and will likely never pay a dividend, will probably drop by 90% or more when the market turns or just disappear. SPACS hustling a fad trend come to mind.
It's the difference between investment, speculation, and financial engineering and probably not one in a hundred who think they're investors understand or consider that difference, especially the flood of new 'investors' in recent years who bid near-worthless shares to the sky.