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Nicolas Owens
Morningstar
Photo: editorial use, owner judgment
First call on the ledger
1 still on the clock. Quotes in curly quotation marks are verbatim; everything
else is a labeled paraphrase. Every call links its original source. Before you trust the call, check the record.
On the clock
Written down and dated. Not judged until the deadline arrives.
Said Jun 3, 2026 · resolves Jun 12, 2027
“We think the company has been significantly overvalued and investors will have opportunities to buy the stock at more attractive levels after the IPO.” Morningstar fair value: $780 billion vs $1.75T IPO valuation
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