We Are Raising Our Fair Value Estimate for Citrix to $77, but Shares Remain Overvalued
After taking a fresh look at Citrix and rolling our model forward, we are raising our fair value estimate to $77 per share from $64. We are maintaining our narrow moat and negative moat trend ratings. The synthesis of our revised fair value estimate includes modestly higher growth and operating margin expectations, in addition to lowering our long-term tax expectations to align with U.S. tax reform. Despite the roughly 20% hike in our fair value estimate, we continue to view shares as steeply ov...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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