TechnologyOne"s stock experienced a significant increase of over 12% in just one day after the company announced its ambitious goal of doubling in size every five years, with the aim of achieving over $1 billion in annual recurring revenue by 2030.

Despite impressive financial results, analysts are concerned about the company"s high price-to-earnings (P/E) ratio of 56, which is much higher than other stocks trading at around three times.

Investors are advised to view TechnologyOne as a long-term investment opportunity. The company"s consistent earnings growth and strong business model make it an attractive stock for those who prefer to hold onto investments without frequent trading. Although the current valuation may not make it a "screaming buy," the potential for share prices to increase alongside earnings growth makes it a solid hold for investors focused on long-term gains.