Citrix Systems' (CTXS) share price is increasing despite a challenging macro environment as a result of the ongoing change in its business model. In addition, a COVID-19 related tailwind (discussed later) is also driving the share price. However, these near-term positive factors are already built into the share price, and I expect the stock to stay in a range in the near term. In the long term, the stock has a modest upside left. Long-term investors can buy the stock during meaningful pullbacks.
Citrix, primarily a software company, develops workspace and networking solutions