CSL share price prediction/ Is it a longer term play
So recently CSL’s been rallying and as of today already up 2.5%. I invested at 112 (wanted to at 91 but invested elsewhere at the time) and now it’s at 120.8. So for me my reason was that it was clearly undervalued due to low P/E ratio and that it clearly is an industry that has a high barrier of entry so in theory it should keep growing. Also, the economy and global economy is looking quite shaky (apart from AI) with higher interest rates, which usually favour more recession-proof assets like in healthcare. Because this is more of a value investing play my time horizon is more short-medium term. So what do you guys think is a reasonable price projection this year? I want to sell it at 150, but I am also considering holding for longer depending on market conditions. Also all my other investments are etfs and I don’t really know how to play shorter term investments. My plan for CSL was to sell around 150 as said before, but is there worth holding for longer considering that it may still be undervalued and are still nowhere near 275 which they were like 9 months ago.
Anyways I’m quite new to more shorter term value investing plays so would like to get some feedback on the future price prediction and whether it’s worth holding for medium-long term.