The score fell 5 points, mainly due to valuation and price changes. Price fell 0.3%, from $85.76 to $85.46.

Valuation and price changes subtracted 4.6 points. The comparison uses the same available inputs on both dates. Displayed changes are rounded to whole points.

Historical cheapness: current PE is 39.9× versus the full-history median of 34.3× shown in the valuation table, producing 39.8/100. Positive weekly observations receive equal weight; lower past EPS alone does not disqualify them.

Outlook-adjusted valuation: 43.5/100. The model applies a 18.7% 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 39.2× (18-month half-life). The favorable scenario uses 43× PE and $2.8 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 +17.2%, earnings +3.3%, operating margin -0.8 percentage points. Free cash flow is 39.6% of revenue. The business score is 68.9/100. 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 $2.80 of EPS and a 43× PE, suggesting a share price of about $120.23. Valuation history and outlook inform the PE.

The displayed favorable scenario is 38.2% upside, or about $120.19.

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 $1.86 of EPS and a 28.4× PE, suggesting a share price of about $52.81 — 39% below today’s price. Valuation history and outlook inform the PE.

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