“One FANG stock could rally another 40% before it gets overvalued, trader says”
September 30, 2019
“Yes, they’re [Google] spending some money right now on one-day shipping but that’s a short-term drag and that’s actually going to make them much, much stronger in the long run,” Tepper said…
“It’s trading in the mid-$1,700s right now. We think fair value is somewhere between $2,000 and $2,400 so plenty of upside here,” said Tepper.
A move to $2,400 implies 39% upside from current levels. It would also mark a new all-time high…”