Forward models

What the numbers do next

All 99 models R40 publishes, grouped by sector. Each one projects revenue segment by segment from the last reported quarter and discounts it to a fair value per share. Open one to change the assumptions and watch every number move with them.

AI Infrastructure 13 models
SPCX FORWARD MODEL $187.12 +24%

Space Exploration Technologies Corp.
ORCL FORWARD MODEL $204.41 +49%

Oracle Corporation
DELL FORWARD MODEL $201.10 −63%

Dell Technologies Inc.
GLW FORWARD MODEL $152.47 −1%

Corning Incorporated
VRT FORWARD MODEL $254.65 +6%

Vertiv Holdings Co
BE FORWARD MODEL $83.16 −70%

Bloom Energy Corporation
NBIS FORWARD MODEL $136.85 −42%

Nebius Group N.V.
RKLB FORWARD MODEL $33.23 −52%

Rocket Lab Corporation
CRWV FORWARD MODEL $61.24 −30%

CoreWeave, Inc.
CBRS FORWARD MODEL $139.08 −22%

Cerebras Systems Inc.
SMCI FORWARD MODEL $60.79 +48%

Super Micro Computer, Inc.
ASTS FORWARD MODEL price $58.86 · model unreliable

Why unreliable: reason not recorded

AST SpaceMobile, Inc.
IREN FORWARD MODEL $51.01 +25%

Iris Energy Limited
Banking & Finance 9 models
BRK-B FORWARD MODEL $521.07 +5%

Berkshire Hathaway Inc. Class B
JPM FORWARD MODEL $394.94 +19%

JPMorgan Chase & Co.
V FORWARD MODEL $320.58 −11%

Visa Inc.
MA FORWARD MODEL $562.11 +2%

Mastercard Incorporated
BAC FORWARD MODEL $63.29 +16%

Bank of America Corporation
MS FORWARD MODEL $190.44 +1%

Morgan Stanley
GS FORWARD MODEL $1,049.13 +17%

The Goldman Sachs Group, Inc.
SCHW FORWARD MODEL price $97.74 · model unreliable

Why unreliable: reason not recorded

The Charles Schwab Corporation
NDAQ FORWARD MODEL $103.15 +12%

Nasdaq, Inc.
Consumer 14 models
WMT FORWARD MODEL $88.42 −15%

Walmart Inc.
COST FORWARD MODEL $965.62 +6%

Costco Wholesale Corporation
KO FORWARD MODEL $80.21 −7%

The Coca-Cola Company
PG FORWARD MODEL $133.02 −8%

The Procter & Gamble Company
NFLX FORWARD MODEL $65.83 −5%

Netflix, Inc.
HD FORWARD MODEL $272.50 −4%

The Home Depot, Inc.
UBER FORWARD MODEL $137.73 +101%

Uber Technologies, Inc.
XIACY FORWARD MODEL $18.59 +16%

Xiaomi Corporation
DASH FORWARD MODEL $228.81 +25%

DoorDash, Inc.
BIDU FORWARD MODEL $136.65 +57%

Baidu, Inc.
CVNA FORWARD MODEL $89.84 +44%

Carvana Co.
GRAB FORWARD MODEL $4.42 +42%

Grab Holdings Limited
XPEV FORWARD MODEL $6.37 −33%

XPeng Inc.
NIO FORWARD MODEL $4.57 +33%

NIO Inc.
Energy & Materials 9 models
XOM FORWARD MODEL $150.65 −7%

Exxon Mobil Corporation
CVX FORWARD MODEL $175.43 −14%

Chevron Corporation
GE FORWARD MODEL $249.51 −20%

GE Aerospace
GEV FORWARD MODEL $704.93 −26%

GE Vernova Inc.
SIEGY FORWARD MODEL $166.77 +7%

Siemens AG
OXY FORWARD MODEL $47.78 −14%

Occidental Petroleum Corporation
VST FORWARD MODEL $136.78 −1%

Vistra Corp.
AMCR FORWARD MODEL $58.94 +41%

Amcor plc
VIST FORWARD MODEL $106.98 +64%

Vista Energy, S.A.B. de C.V.
Enterprise SaaS 12 models
PLTR FORWARD MODEL $166.13 −11%

Palantir Technologies Inc.
SHOP FORWARD MODEL $148.07 0%

Shopify Inc.
CRM FORWARD MODEL $293.33 +28%

Salesforce, Inc.
NOW FORWARD MODEL $167.08 +25%

ServiceNow, Inc.
SNOW FORWARD MODEL $287.13 −15%

Snowflake Inc.
DDOG FORWARD MODEL $155.50 −43%

Datadog, Inc.
ADBE FORWARD MODEL $310.37 +29%

Adobe Inc.
MDB FORWARD MODEL $307.41 −12%

MongoDB, Inc.
U FORWARD MODEL $45.56 +11%

Unity Software Inc.
DOCU FORWARD MODEL $79.28 +18%

Docusign, Inc.
GTLB FORWARD MODEL $44.57 −6%

GitLab Inc.
PATH FORWARD MODEL $18.76 +46%

UiPath, Inc.
Fintech 11 models
HOOD FORWARD MODEL $94.42 −16%

Robinhood Markets Inc.
MSTR FORWARD MODEL $122.87 −20%

Strategy Inc
PYPL FORWARD MODEL $66.58 +27%

PayPal Holdings, Inc.
COIN FORWARD MODEL $82.50 −56%

Coinbase Global, Inc.
XYZ FORWARD MODEL $98.10 +33%

Block, Inc.
AFRM FORWARD MODEL $108.92 +57%

Affirm Holdings, Inc.
SOFI FORWARD MODEL $20.10 +28%

SoFi Technologies, Inc.
BMNR FORWARD MODEL $26.92 +2%

BitMine Immersion Technologies, Inc.
KLAR FORWARD MODEL $4.45 −64%

Klarna Group plc
LMND FORWARD MODEL $53.55 +19%

Lemonade, Inc.
UPST FORWARD MODEL $46.74 +103%

Upstart Holdings, Inc.
Healthcare 7 models
LLY FORWARD MODEL $678.07 −41%

Eli Lilly and Company
JNJ FORWARD MODEL $219.68 −17%

Johnson & Johnson
ABBV FORWARD MODEL $293.79 +11%

AbbVie Inc.
UNH FORWARD MODEL $403.52 +10%

UnitedHealth Group Incorporated
MRNA FORWARD MODEL price $192.57 · model unreliable

Why unreliable: The disclosed revenue lines value the shares far below the market price; the gap is the oncology pipeline, which has no revenue line to model.

Moderna, Inc.
HIMS FORWARD MODEL $47.91 +61%

Hims & Hers Health, Inc.
ABCL FORWARD MODEL price $14.59 · model unreliable

Why unreliable: reason not recorded

AbCellera Biologics Inc.
Mega-Cap Tech 8 models
NVDA FORWARD MODEL $252.93 +11%

NVIDIA Corporation
AAPL FORWARD MODEL $292.75 −12%

Apple Inc.
GOOGL FORWARD MODEL $311.82 −9%

Alphabet Inc.
MSFT FORWARD MODEL $448.48 −13%

Microsoft Corporation
AMZN FORWARD MODEL $348.21 +40%

Amazon.com, Inc.
META FORWARD MODEL $757.11 +4%

Meta Platforms, Inc.
TSLA FORWARD MODEL $272.39 −23%

Tesla, Inc.
BABA FORWARD MODEL $111.68 +4%

Alibaba Group Holding Limited
Networking & Security 7 models
CSCO FORWARD MODEL $85.60 −20%

Cisco Systems, Inc.
PANW FORWARD MODEL $200.93 −49%

Palo Alto Networks, Inc.
CRWD FORWARD MODEL $116.20 −56%

CrowdStrike Holdings, Inc.
NET FORWARD MODEL $216.65 −38%

Cloudflare, Inc.
NOK FORWARD MODEL €7.51 −15%

Nokia Corporation
OKTA FORWARD MODEL $127.74 −39%

Okta, Inc.
ZS FORWARD MODEL $232.34 +17%

Zscaler, Inc.
Semiconductors 9 models
TSM FORWARD MODEL $473.80 +4%

Taiwan Semiconductor Manufacturing Company Limited
AVGO FORWARD MODEL $250.25 −29%

Broadcom Inc.
SKHY FORWARD MODEL $187.86 +2%

SK hynix Inc.
MU FORWARD MODEL $706.33 −34%

Micron Technology, Inc.
AMD FORWARD MODEL $360.64 −41%

Advanced Micro Devices, Inc.
INTC FORWARD MODEL $36.62 −70%

Intel Corporation
SNDK FORWARD MODEL $2,439.91 +40%

Sandisk Corporation
MRVL FORWARD MODEL $132.79 −50%

Marvell Technology, Inc.
QCOM FORWARD MODEL $168.59 −8%

QUALCOMM Incorporated