{
  "basis": "FY29 (year to 31 May 2029) non-GAAP EPS x forward P/E",
  "consensus_source": "Bloomberg BEST, 2026-09-25",
  "currency": "USD",
  "cutoff": "2026-09-26T22:43:44.641960+00:00",
  "direction": "LONG",
  "entry_observed_at": "2026-09-26T23:10:53.323000+00:00",
  "entry_price": 139.16,
  "funding": {
    "applicable": false
  },
  "horizon": "2028-09-30",
  "instrument": "ORCLon",
  "scenarios": [
    {
      "eps": 7.27,
      "name": "Bear: OpenAI resets, half its ramp never arrives",
      "net_margin_pct": 20.0,
      "pe_multiple": 10,
      "price_return_pct": -47.74,
      "probability_pct": 25,
      "revenue": 120,
      "shares": 3.3,
      "target_price": 72.73
    },
    {
      "eps": 14.17,
      "name": "Base: backlog converts on schedule",
      "net_margin_pct": 26.0,
      "pe_multiple": 17,
      "price_return_pct": 73.06,
      "probability_pct": 45,
      "revenue": 170,
      "shares": 3.12,
      "target_price": 240.83
    },
    {
      "eps": 15.94,
      "name": "Bull: Street FY29 numbers, credit re-rates",
      "net_margin_pct": 27.0,
      "pe_multiple": 22,
      "price_return_pct": 151.98,
      "probability_pct": 30,
      "revenue": 183,
      "shares": 3.1,
      "target_price": 350.65
    }
  ],
  "trade_reference": {
    "direction": "LONG",
    "instrument": "ORCLon",
    "reference_quote": {
      "currency": "USD",
      "observed_at": "2026-09-26T23:10:53Z",
      "price": 139.16,
      "source": "Felix ORCLon spot quote"
    },
    "venue": "felix"
  },
  "valuation_chart_required": true,
  "venue": "Felix (Ondo Stocks spot token)",
  "weighted_price_return_pct": 66.536,
  "weighted_target": 231.75
}