ubs upgrades apx, page-246

you might think that but look at altium - 10 revenue growth and on a similar p/e to appen, its growth is slowing appens is accelerating. yet went up 10% after it reported. we know appen has had a good year as figure 8 started to perform last year and all the big us tech co's (appens customers) outperformed last half due to covid. i think they are going to produce one of the best results yet and wouldnt sell a cent. 50-70 times earning for a company growing at a compound annual growth rate of 60% + in a massive market which they are leading. investments dont get much better than this.