$Unitedhealth(UNH.US) First of all, I am long, with a large position in IB, and I will add to my position every time it drops by about $20. Next, an objective analysis: over the span of a year, the fundamentals have deteriorated (compared to before). During periods of high growth, the PE could reach 20-25x, but now profitability has weakened significantly, and the market tends to be more conservative, with the PE likely to be between 15-19x. Based on the earnings expectations for the next year, even if the PE reaches 18-19x, the stock price would only be around $300. Objectively speaking, it might not even reach $300. If the Q4 2025 earnings report released in January 2026 exceeds expectations in terms of earnings per share, it might rebound to around $330. Seriously speaking, if the stock price is to return to $400, it would likely take until Q2 or even Q3 of 2026. I hope I'm wrong, after all, UNH is my largest holding.