Digital Turbine: Too Much Optimism At 24x Sales
Photo by Carther/iStock via Getty Images
After delivering triple-digit sales growth q/q, there is growing optimism about Digital Turbine (NASDAQ:APPS) that it sustains growth thanks to acquisitions. I like the business model, but I believe that the market is too optimistic about the future sales growth of Digital Turbine, Inc. The company is trading at more than 24x sales because market participants expect triple-digit sales growth from 2021 to 2023. The management is also offering optimistic guidance….
