Inspired by Harper's Index (with a tip of the hat to FiveThirtyEight's Significant Digits blog), Morningstar Runs the Numbers uses a numbers-based approach to highlight recent Morningstar research, along with some outside news stories.
While tech stocks as a group are about 10% undervalued, we found 11 tech names with narrow or wide economic moats remain overvalued according to our metrics. These are high-quality businesses; they're just not trading at appealing levels today.
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