Is the Guzman Y Gomez share price valuation too spicy in 2024? Here’s a top broker’s view
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The Guzman Y Gomez Ltd (ASX: GYG) share price has climbed an impressive 19.8% in the last month alone. Currently trading at $44.07, it has more than doubled since the company was listed in June this year.
This rapid share price increase may have some investors wondering whether now is the right time to buy or if the Mexican food stock is overpriced.
The market has been loving ASX growth shares with exciting international expansion potential this year. Names like WiseTech Global Ltd (ASX: WTC), Pro Medicus Ltd (ASX: PME), and TechnologyOne Ltd (ASX: TNE) are all up at least 70% in 2024 to date.
Guzman Y Gomez is not exactly a tech or healthcare business, though its food is proving to be popular across…
