Leadership ConcernsThe appointment of Ms. Cohen to Chief Strategy Officer is viewed negatively due to her tenure at Goldman Sachs, where the business struggled and was ultimately exited.
Revenue Forecast RisksRisks continue to outweigh rewards at current levels, with expectations of near-term revenue volatility and concerns about aggressive revenue estimates through FY26.
ValuationThe current valuation of 15x NTM Sales, one of the richest in software, offers limited upside, skewing the risk/reward negatively.