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US Market Fair Value

Market valuation is derived from the median price/fair value of constituent companies, as evaluated by Morningstar analysts.

Most Undervalued Technology Stocks

Screen With Investor

Name	Evaluated Price	Fair Value / Uncertainty	Price/Fair Value	Morningstar Rating for Stocks
Clarivate PLC Ordinary Shares CLVT	$1.60	$5.50 High	0.29
Fiserv Inc FISV	$45.38	$106.00 High	0.43
Fidelity National Information Services Inc FIS	$33.10	$77.00 Medium	0.43
LOCK\|p!lttT $$< ZRSQW	$343.64	$650.00 High	0.53
LOCK\|MN@%$l Y>&Zsf wW^ XWDZ	$17.71	$32.00 Medium	0.55
LOCK\|%> SnvHK CkW# HBXMQ	$661.75	$1,140.00 High	0.58

Most Overvalued Technology Stocks

Screen With Investor

Name	Evaluated Price	Fair Value / Uncertainty	Price/Fair Value	Morningstar Rating for Stocks
Dropbox Inc Class A DBX	$33.86	$21.00 High	1.61
ARM Holdings PLC ADR ARM	$292.34	$190.00 High	1.54
Elastic NV ESTC	$91.70	$62.00 High	1.48
LOCK\|>PzX%tV rY? Q?<?XF!# FXL!BjJ#K NS	$59.26	$42.00 High	1.41
LOCK\|%><Sk jl< $#QKj ZvYJ KDZMM	$276.46	$200.00 High	1.38
LOCK\|%x<$! @$nQM&cjvz VY<!&^px <M<?N SSZ	$945.57	$700.00 High	1.35

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