Exelixis Inc

EXEL: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$66.20	Yxmr	Dwbvlnbn

Exelixis Reports Q4 Results in Line With Expectations; Maintaining $18.90 FVE, Shares Fairly Valued

Rachel Elfman

Feb 8, 2023

Exelixis reported fourth-quarter results in line with our expectations, highlighted by quarterly revenue of nearly $424 million and full-year revenue of $1.6 billion, representing a 12% increase from the prior year. Exelixis is tracking our expectations, and we maintain our fair value estimate of $18.90 per share, no-moat rating, stable moat trend, and High Uncertainty Rating. We view shares as fairly valued, currently trading in 3-star territory.

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