Gemini 3 Pro Preview
TO: Investment Committee FROM: [Analyst Name] DATE: October 26, 2023 SUBJECT: LedgerLift (LLLT) – SHORT Recommendation
1. Recommendation
Recommendation: SHORT Price Target: $28 – $32 (30–40% downside) Current Price: $46.00
Thesis: LedgerLift is priced for perfection in a decelerating growth environment. While the company boasts elite Net Revenue Retention (NRR) of 123%, the current valuation of ~50x FY25 EV/EBIT implies a growth durability and margin expansion trajectory that contradicts our Base Case analysis. With the stock trading above even our Bull Case