At 4.5x trailing P/S with Q1 revenue +27% YoY (vs +19% guide), FY26 guidance raised, and a $250M buyback authorised — the Q1 execution trigger has fired; the 10-year multibagger math comfortably clears the framework's 10x aim, with Chauffeur L3 launching at Audi in 2027 as the next catalyst.

At 13x trailing P/S the market is already pricing in the bull-case exit multiple — WATCHLIST until valuation compresses; $22.7B backlog, founder voting control ~90%, and Q2 GAAP profitability mark this as a great company at a stretched entry, with a clean buy zone opening below ~$40.

At 1.8x trailing P/S on gross revenue less network fees with the stock down 61% from $107, Q1 delivering +32% revenue and +39% adjusted EBITDA, and the 10-year bull math meeting the framework's 10x aim — WATCHLIST while founder Jared Isaacman's transition to NASA reshapes Pillar 2 under new CEO Taylor Lauber; convert to BUY on one or two quarters of post-Up-C-collapse execution evidence or a further dip toward $35.

At 3.7x trailing P/S with first full-year GAAP profitability achieved and Platform revenue accelerating to +28% in Q1 2026 — WATCHLIST while the post-earnings rally cools; the 10-year bull-case math approaches but doesn't comfortably exceed the 10x aim, so wait for sub-$95 (P/S below 3x) or a Pattern B/E dip before initiating.

At 4.7x trailing P/S after a 14% earnings-day drop, with FCF growing 4x faster than revenue and operating margin at a Q1 record — WATCHLIST while the guidance overhang plays through; the 10-year bull-case math already meets the 10x aim at current price and 13x+ at $360 entry.