Educational use only — not investment advice. "Undervalued / fairly valued / overvalued" and every risk score reflect our models vs. price, which can be wrong or based on stale or incomplete data. Always review the company's own financials and SEC filings, and consult a licensed advisor, before acting.
ACIW
Fairly valued
ACI WORLDWIDE, INC.
Price$51.07
Model IV$53.79
P/IV0.92
Discount 5%
Return to IV: +5.3%
Market implies +7.5%/yr
vs model +10.3% · in line
ADBE
Deeply undervalued
ADOBE INC.
Price$241.05
Model IV$563.64
P/IV0.42
Discount 57%
Return to IV: +133.8%
Market implies -1.2%/yr
vs model +11.6% · below model
ADSK
Fairly valued
Autodesk, Inc.
Price$233.60
Model IV$238.30
P/IV0.92
Discount 2%
Return to IV: +2.0%
Market implies +10.2%/yr
vs model +12.4% · in line
AEYE
Deeply overvalued
AUDIOEYE INC
Price$6.84
Model IV$4.76
P/IV1.53
Premium +44%
Return to IV: -30.4%
Market implies +7.1%/yr
vs model +13.3% · below model
AI
Valuation N/A
C3.ai, Inc.
Price$11.34
Model IV—
P/IV—
Market implies +39.2%/yr
AIFF
Valuation N/A
FIREFLY NEUROSCIENCE, INC.
Price$1.21
Model IV—
P/IV—
Market implies +40.2%/yr
AISP
Valuation N/A
Airship AI Holdings, Inc.
Price$2.29
Model IV—
P/IV—
Market implies +25.6%/yr
AISPW
Deeply overvalued
Airship AI Holdings, Inc.
Price$0.53
Model IV$0.23
P/IV1.76
Premium +128%
Return to IV: -56.1%
Market implies +14.8%/yr
vs model +15.0% · in line
AIXI
Valuation N/A
Xiao-I Corp
Price$1.93
Model IV—
P/IV—
Market implies +42.8%/yr
ALAR
Valuation N/A
Alarum Technologies Ltd.
Price$1.56
Model IV—
P/IV—
Market implies +54.9%/yr
ALKT
Undervalued
ALKAMI TECHNOLOGY, INC.
Price$14.33
Model IV$19.64
P/IV0.68
Discount 27%
Return to IV: +37.1%
Market implies -6.3%/yr
vs model +30.7% · below model
ALRM
Deeply overvalued
Alarm.com Holdings, Inc.
Price$55.26
Model IV$41.71
P/IV1.27
Premium +32%
Return to IV: -24.5%
Market implies +12.3%/yr
vs model +10.7% · in line
AMPL
Deeply overvalued
Amplitude, Inc.
Price$15.29
Model IV$5.85
P/IV2.25
Premium +161%
Return to IV: -61.7%
Market implies +12.5%/yr
vs model +19.7% · below model
AMST
Valuation N/A
Amesite Inc.
Price$0.89
Model IV—
P/IV—
Market implies +31.4%/yr
ANSS
Valuation N/A
ANSS
Price$374.30
Model IV—
P/IV—
Limited data — see page
API
Deeply overvalued
Agora, Inc.
Price$4.04
Model IV$2.98
P/IV1.48
Premium +36%
Return to IV: -26.3%
Market implies +9.1%/yr
vs model +7.1% · in line
APPF
Deeply overvalued
APPFOLIO INC
Price$197.45
Model IV$141.18
P/IV1.46
Premium +40%
Return to IV: -28.5%
Market implies +17.4%/yr
vs model +16.7% · in line
APPN
Fairly valued
APPIAN CORP
Price$38.66
Model IV$40.66
P/IV0.91
Discount 5%
Return to IV: +5.2%
Market implies -3.2%/yr
vs model +18.5% · below model
ARQQ
Valuation N/A
Arqit Quantum Inc.
Price$18.43
Model IV—
P/IV—
Market implies +108.0%/yr
ARQQW
Valuation N/A
Arqit Quantum Inc.
Price$0.00
Model IV—
P/IV—
Market implies -50.0%/yr
vs model +15.0% · below model
ASAN
Fairly valued
Asana, Inc.
Price$9.87
Model IV$8.80
P/IV0.96
Premium +12%
Return to IV: -10.9%
Market implies -0.2%/yr
vs model +20.2% · below model
ATHR
Valuation N/A
Aether Holdings, Inc.
Price$2.90
Model IV—
P/IV—
Market implies +40.5%/yr
AUID
Fairly valued
authID Inc.
Price$0.34
Model IV$0.34
P/IV1.21
Premium +1%
Return to IV: -0.7%
Market implies +0.0%/yr
vs model +35.1% · below model
AVPT
Deeply overvalued
AvePoint, Inc.
Price$14.41
Model IV$5.11
P/IV2.75
Premium +182%
Return to IV: -64.5%
Market implies +25.7%/yr
vs model +14.9% · above model
AWRE
Deeply overvalued
AWARE INC /MA/
Price$1.04
Model IV$0.26
P/IV4.31
Premium +308%
Return to IV: -75.5%
Market implies +21.5%/yr
vs model +2.0% · above model
BAND
Deeply overvalued
Bandwidth Inc.
Price$51.95
Model IV$36.88
P/IV1.58
Premium +41%
Return to IV: -29.0%
Market implies +9.2%/yr
vs model +11.3% · in line
BB
Valuation N/A
BLACKBERRY Ltd
Price$8.63
Model IV—
P/IV—
Market implies +24.9%/yr
BBAI
Valuation N/A
BigBear.ai Holdings, Inc.
Price$2.42
Model IV—
P/IV—
Market implies +42.9%/yr
BCAR
Valuation N/A
BCAR
Price$1.02
Model IV—
P/IV—
Limited data — see page
BCARU
Valuation N/A
BCARU
Price$5.16
Model IV—
P/IV—
Limited data — see page
BCARW
Valuation N/A
BCARW
Price$0.48
Model IV—
P/IV—
Limited data — see page
BILL
Deeply overvalued
BILL Holdings, Inc.
Price$44.98
Model IV$32.73
P/IV1.42
Premium +37%
Return to IV: -27.2%
Market implies +14.4%/yr
vs model +12.4% · in line
BL
Overvalued
BLACKLINE, INC.
Price$29.25
Model IV$24.82
P/IV1.13
Premium +18%
Return to IV: -15.1%
Market implies +11.4%/yr
vs model +12.4% · in line
BLIN
Deeply undervalued
Bridgeline Digital, Inc.
Price$0.76
Model IV$1.09
P/IV0.78
Discount 30%
Return to IV: +43.9%
Market implies -8.2%/yr
vs model +3.8% · below model
BLKB
Undervalued
BLACKBAUD INC
Price$44.84
Model IV$59.36
P/IV0.73
Discount 24%
Return to IV: +32.4%
Market implies +3.3%/yr
vs model +9.9% · below model
BLZE
Deeply overvalued
Backblaze, Inc.
Price$12.99
Model IV$4.57
P/IV3.13
Premium +184%
Return to IV: -64.8%
Market implies +20.4%/yr
vs model +21.3% · in line
BMR
Valuation N/A
Beamr Imaging Ltd.
Price$1.54
Model IV—
P/IV—
Market implies +41.4%/yr
BNZI
Valuation N/A
BNZI
Price$1.70
Model IV—
P/IV—
Limited data — see page
BNZIW
Valuation N/A
BNZIW
Price$0.01
Model IV—
P/IV—
Limited data — see page
BOX
Deeply overvalued
BOX INC
Price$36.31
Model IV$17.75
P/IV1.99
Premium +105%
Return to IV: -51.1%
Market implies +18.5%/yr
vs model +10.7% · above model
BRZE
Deeply undervalued
Braze, Inc.
Price$28.46
Model IV$40.89
P/IV0.64
Discount 30%
Return to IV: +43.7%
Market implies -7.0%/yr
vs model +32.7% · below model
BSY
Fairly valued
BENTLEY SYSTEMS INC
Price$34.82
Model IV$32.65
P/IV0.98
Premium +7%
Return to IV: -6.2%
Market implies +10.6%/yr
vs model +11.9% · in line
CCC
Deeply overvalued
CCC Intelligent Solutions Holdings Inc.
Price$6.57
Model IV$2.25
P/IV2.92
Premium +192%
Return to IV: -65.8%
Market implies +23.9%/yr
vs model +11.8% · above model
CCLD
Deeply undervalued
CareCloud, Inc.
Price$1.94
Model IV$7.52
P/IV0.29
Discount 74%
Return to IV: +287.8%
Market implies -18.0%/yr
vs model +7.3% · below model
CCSI
Undervalued
Consensus Cloud Solutions, Inc.
Price$36.62
Model IV$48.97
P/IV0.70
Discount 25%
Return to IV: +33.7%
Market implies -1.7%/yr
vs model +4.1% · below model
CDNS
Deeply overvalued
CADENCE DESIGN SYSTEMS INC
Price$348.84
Model IV$76.90
P/IV4.88
Premium +354%
Return to IV: -78.0%
Market implies +32.5%/yr
vs model +13.5% · above model
CERT
Overvalued
Certara, Inc.
Price$8.64
Model IV$6.76
P/IV0.86
Premium +28%
Return to IV: -21.7%
Market implies +10.9%/yr
vs model +10.6% · in line
CGNT
Valuation N/A
Cognyte Software Ltd.
Price$8.73
Model IV—
P/IV—
Market implies +25.5%/yr
CHKP
Deeply undervalued
CHECK POINT SOFTWARE TECHNOLOGIES LTD
Price$134.74
Model IV$213.52
P/IV0.64
Discount 37%
Return to IV: +58.5%
Market implies +2.0%/yr
vs model +10.2% · below model
CHOW
Deeply undervalued
ChowChow Cloud International Holdings Ltd
Price$0.56
Model IV$3.36
P/IV0.11
Discount 83%
Return to IV: +497.2%
Market implies -41.4%/yr
vs model +15.0% · below model
CLBT
Fairly valued
Cellebrite DI Ltd.
Price$11.34
Model IV$12.88
P/IV0.91
Discount 12%
Return to IV: +13.6%
Market implies +9.0%/yr
vs model +13.8% · below model
CLPS
Deeply undervalued
CLPS Inc
Price$1.01
Model IV$17.47
P/IV0.05
Discount 94%
Return to IV: +1,629.5%
Market implies -50.0%/yr
vs model +6.9% · below model
CMCM
Deeply undervalued
Cheetah Mobile Inc.
Price$2.40
Model IV$7.32
P/IV0.36
Discount 67%
Return to IV: +205.6%
Market implies -18.5%/yr
vs model +7.5% · below model
CMRC
Deeply undervalued
Commerce.com, Inc.
Price$3.22
Model IV$6.84
P/IV0.46
Discount 53%
Return to IV: +112.5%
Market implies -12.9%/yr
vs model +11.7% · below model
COUR
Deeply undervalued
Coursera, Inc.
Price$5.27
Model IV$18.03
P/IV0.30
Discount 71%
Return to IV: +242.2%
Market implies -23.7%/yr
vs model +16.2% · below model
CRM
Deeply undervalued
Salesforce, Inc.
Price$227.80
Model IV$329.80
P/IV0.58
Discount 31%
Return to IV: +44.8%
Market implies +4.9%/yr
vs model +11.9% · below model
CRNC
Valuation N/A
Cerence Inc.
Price$8.34
Model IV—
P/IV—
Market implies +16.6%/yr
vs model -3.5% · above model
CRWD
Deeply overvalued
CrowdStrike Holdings, Inc.
Price$263.01
Model IV$125.45
P/IV2.15
Premium +110%
Return to IV: -52.3%
Market implies +10.2%/yr
vs model +34.9% · below model
CRWV
Valuation N/A
CoreWeave, Inc.
Price$81.58
Model IV—
P/IV—
Market implies +14.6%/yr
CVLT
Valuation N/A
COMMVAULT SYSTEMS INC
Price$151.00
Model IV—
P/IV—
Market implies +24.3%/yr
vs model +12.9% · above model