RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Get out while you still can Hey man power to you. I just call it like I see it. A 'valuation exercise' usually results in an estimated net present value estimate. You then divide that by number of shares outstanding to get a value per share which you could then theoretically compare to the current SP and decide whether this was a buy or sell recommendation.
With no earnings, such a valuation is difficult. The AT. guy is forecasting 15% ish growth for the next two years and no profits. You can't calculate a value from that so he is just pulling a number out of thin air based on his feelings about the online learning space.
This stock may go up, or it may go down, but the company it represents is not showing stellar results and does mot warrant a premium valuation. If you invest in this stock, expect to see your money go approximately nowhere over the next five years, but it might go up or down in between.