PME has already started to regain ground after being caught up in the recent software sell-off. The company continues to deliver, winning new contracts and upscaling existing ones; its share price is all about what valuation the markets are prepared to attach to growth stocks, with bond yields a major influence here.
- We can see PME punching towards $225-230 in the coming months, or 15-20% higher.
MM is long and bullish toward PME around $194
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