Around 87p now, Vodafone’s share price looks a bargain to me anywhere under £2.02
Vodafone’s (LSE: VOD) share price is up 40% from its 9 April 12-month traded low of 62p. But I think it is heading a lot higher.
I base this on the extremely high analysts’ consensus forecasts for Vodafone’s earnings growth. This is the engine of any firm’s share price gains over time. And in this case, the projections are for a stunning 54.1% increase every year to the end of fiscal 2028.
It is essential to note here that a stock’s price and its value are different. Value reflects the fundamental worth of the underlying business, while price is just what the market will pay for a share at any point.
I start any share price assessment by comparing its key valuations with those…
