DGRW: A Less Compelling Idea Above 20x Earnings (Rating Downgrade)
seekingalpha
2024-10-31
Matteo Colombo
The Information Technology sector has retreated from its cycle-high price-to-earnings ratio as the group’s multi-year rally has stalled amid still-rising per-share profits. But with a P/E still near 30x, it’s a seemingly hefty price to pay. Of course, today’s tech companies
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