These 3 Stocks Are Absurdly Overvalued Right Now
Closures and safety precautions over the past year definitely created winners and losers in the stock market, and much of that is reversing now that the U.S. is beginning to return to normal. That transition makes it hard for investors to know what to expect from many businesses this year.
With that caveat, it's not difficult to find stocks that are priced for performance they are unlikely to deliver. For instance, it's hard to imagine a scenario where Target (NYSE: TGT), Boston Beer (NYSE: SAM), and CoStar Group (NASDAQ: CSGP) are able to justify the lofty prices being paid for shares right now. They are all pushing the limits of what investors have ever been wiling to pay based on traditional metrics.
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Source Fool.com
