CDK Global, Inc. (NASDAQ:CDK), which is in the software business, and is based in United States, led the NASDAQGS gainers with a relatively large price hike in the past couple of weeks. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Let’s examine CDK Global’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.
What is CDK Global worth?
According to my valuation model, CDK Global seems to be fairly priced at around 16.60% above my intrinsic value, which means if you buy CDK Global today,