Read these facts🚨👇
Their data center business alone is projected to hit $15 billion by 2029 and $5 billion as early as 2027. Two hyperscale customers are already on track to each bring in over $1 billion in fiscal 2027 and word on the street is that could be Microsoft and Google.
Their automotive business just hit a record $1.3 billion in a single quarter. Up 38% year over year. And their design win pipeline in auto is sitting at $65 billion.
They are targeting over $18 earnings per share by 2029. The stock is trading at a PE of 20 right now. You do the math.
Morningstar just raised their fair value estimate. JPMorgan has a $265 price target. And this thing is still flying under the radar.
Disclaimer: Educational purposes only. Not investment advice. Not a recommendation or solicitation to buy/sell any security. Investing involves risk, including loss of principal. Past performance doesn't guarantee future results.
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