Earnings are expected to grow at 17 percent for the next


You have found the following historical information for the Daniela Company: Stock price Year 1,2,3 4, $51.90 $ 61.32 $ 70.54 $ 64.25 EPS Year 1,2,3,4 2.72, 2.84 3.12 3.33 Earnings are expected to grow at 17 percent for the next year. Using the company's historical average PE as a benchmark, what is the target stock price in one year?

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Finance Basics: Earnings are expected to grow at 17 percent for the next
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