Business
Why you shouldn’t be concerned by the high PE multiples of ASX tech shares – Motley Fool Australia
Here’s why you shouldn’t be concerned by the high PEs of Appen Ltd (ASX:APX), Altium Limited (ASX:ALU), and Kogan.com Ltd (ASX:KGN).
One common concern that many investors have about shares at present is the higher than normal multiples they trade on.
This has sparked fears that certain shares may be overvalued and that a meaningful pullback could be coming or future returns will underwhelm.
However, one leading equity strategist believes that these higher valuations will dominate the next decade.
According to Credit Suisse’s chief U.S, equity strategist, Jonathan Golub, courtesy of the AFR, he sees no reason to be concern…
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