Historical cheapness: current PE is 24.9× versus the full-history median of 66.7× shown in the valuation table, producing 90.9/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 92.1/100. The model applies a 29.9% 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 60.1× (18-month half-life). The favorable scenario uses 35.2× PE and $18.2 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 +47.6%, earnings +84.8%, operating margin +13.9 percentage points. Free cash flow is 65.9% of revenue. The business score is 94.6/100. 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 $18.18 of EPS and a 35.2× PE, suggesting a share price of about $639.47. Valuation history and outlook inform the PE.

The displayed favorable scenario is 97.4% upside, or about $639.50.

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 $11.37 of EPS and a 22.2× PE, suggesting a share price of about $252.31 — 22% 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.