Yes but comparing it to eth is just weird. Solana Notwork is not going to be an eth killer even when it's on and running smoothly. Maybe after eth rises 10x solana might rise with it, but as replacing the second place there's no change for that.
What it comes to question by OP, $40 is totally realistic.
We have now see it holds the $30 support for a long time, I guess thats the very bottom of it. It may be safe to buy even at $40+ You wouldn't lose a big since the bottom may adjust up by next bull run. This is if they missed the $30.
Two weeks after writing this post, SOLANA was not only able to hold last year's $30 level of support, but also quickly surpassed the $40 price point, currently trading around $45. If growth in the entire crypto industry continues, we can expect a possible test of resistance at the $80 level. This would be a good short-term investment of one's money.
Not gonna suggest it as a short term investment if an investor have started at a very low price. The token will not likely be dead anyway so staking still is a good way to make it if they are not going to trade the token. Making money out of it but its still up to them.