Q: An analyst quoted in Bloomberg said "Ferragu downgraded the AI-focused chipmaker to neutral from buy, writing that the stock is “getting fully valued” after soaring 154% this year, on top of a gain of almost 240% in 2023. Shares fell 1.9% on Friday, compared with a gain of 1% for the Nasdaq 100 Index.
Additional upside “will only materialize in a bull case, in which the outlook beyond 2025 increases materially, and we do not have the conviction on this scenario playing out yet,” Ferragu wrote.
It seems he's alone in his downgrade to 'hold'. Do you share his view? Should we bail out of the stock now, or take some profits at least?
Additional upside “will only materialize in a bull case, in which the outlook beyond 2025 increases materially, and we do not have the conviction on this scenario playing out yet,” Ferragu wrote.
It seems he's alone in his downgrade to 'hold'. Do you share his view? Should we bail out of the stock now, or take some profits at least?