Valuation discussion / thoughts?, page-11

That's true, for the record I already own this in my super given my view is that this is a long term position (i.e. 10+ years), but given strong management execution to date, I was starting to ponder whether this is something that now might make sense to be held within a medium term timeframe i.e. 3-5 years, provided I can justify it from a valuations perspective. But as I said, very happy to hear how others are thinking about it longer term. I've read some of the boutique research out there with price targets, but they appear to be based on M&A / historical transactional evidence which I feel is a rather weak argument to make given it's impossible to bet on event likelihood and timing. The fact that some of those price targets haven't moved upwards over 18 months despite the amount of technological progress management has made since kind of reinforces my view haha.