GREY:XEBEQ - Post by User
Post by
Winston1on May 28, 2022 12:11pm
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Post# 34714442
Poll: Is a $3 one year price target fair and reasonable?
Poll: Is a $3 one year price target fair and reasonable?I want to hear some opinions on this. In my opinion a $3 one year price target in mid-2023 is neither bullish, nor bearish, but rather neutral, fair and reasonable. That would put the market cap at around $500 million. In 2025, they're projected to have revenues between $300-350 million. Keep in mind that only 6 weeks ago in mid-April this closed at $2.54. Also, in mid-2023 the macro environment will have likely improved, bear markets don't last forever.