The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 219.65 USD in weekly data.
Share prices are approaching a strong support area in daily data, which offers good timing for investors.
Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.
The group's high margin levels account for strong profits.
Historically, the company has been releasing figures that are above expectations.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
For several months, analysts have been revising their EPS estimates roughly upwards.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 50.78 times its estimated earnings per share for the ongoing year.