'We see a material upside to our current forecasts if the company is able to continue to execute its current strategy....'. I think one can assume they will judging by previous quarters performance. You either back them now or will be paying a much higher price later on imo. If they had the nuts to assume that yes the company will execute the strategy successfully then I'd imagine their price target would be ~$5. I certainly don't buy things after the fact, I buy on assumptions that certain things will play out.
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