What next for the expensive Rheinmetall share price?

stephen yiu likes rheinmetall stock but won't buy it [https://invezz.com/wp-content/uploads/2025/07/Flux_Dev_create_a_detailed_image_of_largecaliber_cannons_and_v_3.jpg] Rheinmetall share price has pulled back in the past few days as investors reflect on the recent buyout of NVL, a top warship company. It was trading at €1,905, a few points below the year-to-date high of €1,985. So, is this overvalued military company stock a good buy? RHEINMETALL SHARE PRICE HAS SURGED THIS YEAR Rheinmetall and other top defense companies in Europe have done well this year, helped by the increase defense spending by most countries in the region. One major concern is that the US, under Donald Trump, has become an unreliable ally because of his nationalistic tendencies. Trump has also been less supportive of Ukraine than Joe Biden was, pushing more European countries to provide more weapons to the country. Most importantly, he has pushed NATO members to boost their defense spending to about 5% of their budget, a notable increase since most countries spend less than 3% today. Top European countries have now pledged to boost their spending, with many of them focusing on European companies…