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What's Your Base Case for Earnings Per Share in the SMB?
Sebastian Greenspan: What's your base case for earnings per share and valuations in the SMB, which ultimately lead to your base case target? Let's say six months ahead, 12 is way too long as timeframe in macro, but at least for the next six months. He says it looks like we're on track for an EPS figure that could be as low as sort of 185 in 2023. But he thinks even a $200 multiple seems like aPretty rich multiple to pay for market where we're still in the midst of decelerating growth,. Fed hiking rates. And the recession question is, you know, is still very much in front of us.