The score fell 11 points, mainly due to valuation and price changes. Price fell 1.0%, from $135.04 to $133.67.

Valuation and price changes subtracted 10.7 points. The comparison uses the same available inputs on both dates. Displayed changes are rounded to whole points.

Historical cheapness: current PE is 28.9× versus the full-history median of 16.9× shown in the valuation table, producing 19.6/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 20.9/100. The model applies a 16.5% earnings-growth assumption and a 10% annual return hurdle, with positive credit limited by evidence coverage and confidence.

Forward price scenarios use recent PE history separately. Recent history has a separately weighted median of 19.2× (18-month half-life). The favorable scenario uses 24.6× PE and $5.6 projected EPS, informed by growth, margins and earnings-quality checks. This is a model scenario, not an analyst target. A return to the full-history median is not assumed.

Business trends are mixed. Over the past year: revenue +41.4%, earnings -16.4%, operating margin -4 percentage points. The business score is 50.7/100. Growth, margins and cash generation drive the score. Missing or older data receives less weight.

The earnings calculation and the displayed scenario are different.

The earnings case uses $5.61 of EPS and a 24.6× PE, suggesting about $138.20 before the minimum is applied. Valuation history and outlook inform the PE.

The model applies a 15% minimum upside scenario, so the card shows +15%, or about $148.33. That adjusted price does not come from the EPS × PE calculation above.

This is a scenario based on our model, not a forecast or probability.

Weaker than expected earnings could put pressure on the share price.

Our downside case uses $3.83 of EPS and a 23.3× PE, suggesting a share price of about $89.33 — 31% below today’s price. Valuation history and outlook inform the PE.

This is a scenario based on our model, not a forecast or probability.

Historical cheapness: current PE is 36.1× versus the full-history median of 43× shown in the valuation table, producing 57.4/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 61.6/100. The model applies a 36.4% earnings-growth assumption and a 10% annual return hurdle, with positive credit limited by evidence coverage and confidence.

Forward price scenarios use recent PE history separately. Recent history has a separately weighted median of 39.3× (18-month half-life). The favorable scenario uses 40.7× PE and $0.7 projected EPS, informed by growth, margins and earnings-quality checks. This is a model scenario, not an analyst target. A return to the full-history median is not assumed.

Business trends are strong. Over the past year: revenue +34.2%, earnings -3%, operating margin +5.6 percentage points. The business score is 72.9/100. Growth, margins and cash generation drive the score. Missing or older data receives less weight.

Stronger earnings and valuation could support a higher share price.

Our favorable case uses $0.71 of EPS and a 40.7× PE, suggesting a share price of about $28.81. Valuation history and outlook inform the PE.

The displayed favorable scenario is 66.3% upside, or about $28.80.

This is a scenario based on our model, not a forecast or probability.

Weaker than expected earnings could put pressure on the share price.

Our downside case uses $0.42 of EPS and a 31.8× PE, suggesting a share price of about $13.27 — 23% below today’s price. Valuation history and outlook inform the PE.

This is a scenario based on our model, not a forecast or probability.