NATI - National Instruments: Solid Growth Targets Clouded By Premium Valuation

• National Instruments’ recent investor day event featured a largely unchanged set of near to medium-term targets.
• The company remains well-positioned to benefit from secular high-growth trends, presenting upside to current targets.
• However, the shares have had a strong run in the last year and now trade at a premium valuation multiple, likely accounting for much of the positives.

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