Part 2/6:
With SurveyMonkey trading at an approximate valuation of $1.8 billion, the analysts raise eyebrows regarding the company's sales multiple, which hovers between 7-8X. At face value, this appears high, particularly when the business is still operating at a loss and has been a staple in the industry for an extended period. Lewis expresses skepticism about the sustainability of this valuation given the company's current state, stating, “there isn't really a lot for me to like here.”