Stock price when the opinion was issued
Growth company that hasn't been smashed, despite coming down from highs. Flirting with getting into the NASDAQ 100; if it goes down there, will be a lot more buying. Last quarter earnings were good, subscription revenue up, and executing well. But it's pricey.
Must-own name, but you have to buy it at the right level. Very whippy, use the technicals to buy.
Valuation is 61x forward PE with 25% growth, giving a PEG ratio of well over 2x. 200-week MA is trending lower, which is not a fantastic technical sign. Have to watch out for rivals such as AMZN and ETSY. Depends more on small-and mid-sized businesses, which can be affected more by any economic downturn.
He would not buy it. He would want to see it stabilize more, considering the short report. He may have to buy it back higher but he would want to know they are executing. It has been unbelievable. It is volatile without short reports. You can trade it around using a tool. Once their numbers come out the stock tends to gap up. There will be a cloud over them until their next quarterly numbers come out.