Stock price when the opinion was issued
CAJPY is based in Japan, so keep in mind we do not follow it closely. It has strong market share, a strong balance sheet, and good expected earnings growth. Even with good gains this year, valuation is decent at 14X earnings. Its legacy chipmaking machines are seeing very strong demand. We would consider it a decent investment but please not the first line above. We do not know it very well.
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Took some profits. Now at $32.41, 12-month price target of $36.50. Competitive lithography process, at the point of scaling it. He's now considering whether to get back in. Fabulous job, deep pockets, can scale. Will be very competitive with ASML (which has issues of its own). He'd wait and is watching very closely.
12-month price target has a skinny runway of $36.50.