The current trading zone is interesting to the point that investors should pay attention to the stock and anticipate a return of the underlying upward trend. Investors have an opportunity to buy the stock and target the $ 1700.
Strengths
According to sales estimates from analysts polled by Thomson-Reuters, the company is among the best with regard to growth.
The company is in a robust financial situation considering its net cash and margin position.
Historically, the company has been releasing figures that are above expectations.
Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
Analysts covering this company mostly recommend stock overweighting or purchase.
The tendency within the weekly time frame is positive above the technical support level at 1186 USD
Weaknesses
Stock prices approach a strong long-term resistance in weekly data at USD 1578.89.
Technically, the stock approaches a strong medium-term resistance at USD 1598.39.
Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
With an expected P/E ratio at 185.62 and 101.4 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.