20269월
PM Sep 2026 · Strong Buy
Strong Buy. The shares were $184.73 on 2026-09-08, below Fair value of $248.88. Size the position with care because FY2025 debt of $48.84 billion exceeded cash of $4.87 billion, while Customer One represented 12% of revenue. Weaker cash generation would leave less room for debt service, dividends, and reinvestment. Upside remains if FY2027 revenue and adjusted EPS meet dated expectations and reported profit keeps turning into operating cash.Latest published research · analyzed 2026-09-09 · stale · sources stale