Earnings were solid (as expected?) revenues at $52.6B up from $45.3B last year.
Forecasting out 12 months we might reasonably expect a TTM number of $250B, which based on typical multiples would translate to a share price of $540 or so. This represents potential upside of 16% from the current levels ($465 or so).
BTW: My model suggests a typical price of $467 based on the earnings just reported (I know broken clock…). The low (bargin) price target 12 months out would be as low as $440.
I have sold all my shares at prices $575+ but seriously contemplated getting back in with the recent drop but didn’t pull the trigger. Hopefully I will have another chance to get into this terrific business.