Citrix (CTXS) was recently upgraded for work-from-home reasons by Raymond James on March 17 with a target price of USD 124. The reason provided was the coronavirus pandemic. In addition, Bank of America recently named Citrix as one of its stay-at-home beneficiaries.
While Citrix will undoubtedly benefit from work-from-home, I have doubts about the target price. Moreover, it is important to distinguish between the hype from what is realistically possible, in terms of the benefit the company is likely to derive.
I will be discussing the company's product portfolio, competition as well