Appen (ASX:APX) is one of Australia’s high-flying tech stocks – which collectively go under the WAAAX acronym. Its share price has almost tripled over the past year as many investors ride the Oz tech story. But to my mind, the company’s valuation looks extremely stretched.
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Appen is one of Australia’s high-flying tech stocks and its share price has almost tripled over the past year. It appears their growth assumptions are merely an extrapolation of recent compounded average annual growth rates. Click To Tweet