ALU altium limited
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  1. lightning70
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    12/12/18
    12:08
    Post #: 36831840

    Goldman Sachs has initiated coverage on Altium with a buy rating and $28.50 price target.


    The broker has forecast Altium growing its earnings before interest and tax by a compound annual growth rate of +34% over the next three years.


    At “25x FY20 EV/EBIT, we believe ALU screens as attractive relative to ANZ tech peers trading on 31x delivering 3 year EBIT CAGR of 30%.”


    Fool Australia article


    ALU Price at posting: $21.65 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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