|Bid||95.50 x 800|
|Ask||95.80 x 1000|
|Day's Range||93.76 - 98.78|
|52 Week Range||46.71 - 114.09|
|Beta (5Y Monthly)||2.38|
|PE Ratio (TTM)||172.42|
|Earnings Date||Feb. 16, 2022 - Feb. 21, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||94.67|
As Charlie Munger, vice chairman of Berkshire Hathaway, once stated, "A great business at a fair price is superior to a fair business at a great price." With this quote in mind, let's look at three hot stocks with premium valuations that may be great businesses at a fair price -- especially when we look over the long term. Trading at 28 times gross profit, creativity-fueled Etsy (NASDAQ: ETSY) is the "cheapest" option of the lofty valuations.
Investors could get whiplash watching the stock market collapse last year, then quickly rebound to regain all the lost ground and go on to set new record highs. Although it naturally got a surge in business during the early days of the pandemic, it continues to expand at a rapid rate.
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