Ziff Davis Valuation: Undervalued with Room for Growth

Ziff Davis (ZD) has experienced mixed share performance, with gains over the past month and three months contrasting with weaker results over the past year and longer term. The share price has risen 11.3% and 16.8% over the past quarter and 90 days, respectively, but declined 26.7% over the past year. Ziff Davis is trading at $39.60, a discount of around 63% to one intrinsic value estimate and about 10% below one analyst target, raising the question of whether this signals an undervalued opportunity or reflects expectations for future growth.