I'd like to know the group they refer to that is valued at 8X sales. I have been comparing this stock to NTRO, ADAP, CAMP, BRZE, TNSI, PCOM, WMUX, etc. Of this group, only CAMP sells at about 3X sales. The others are growing revenues at better than 25% sequentially, which STXN is not. This would be my understanding of why the target may be low. I don't care about the rating or target from analysts any longer. I only look for their research, revenue and earnings estimate and competitive analysis. In a month, they could raise to Strong Buy and raise the target to 45. (I hope)
I thought 23.5 was a good buy, well I'm looking to double up or add some here as 16 is holding. Expect a rally to 19 soon, if so, then to 24. |
