Growth ExpectationsInvestor expectations already look for high 20%'s growth in FY25 and FY26, which may prove achievable, but is priced-into shares, creating a risk/reward more supportive of an Equal-weight.
Management ChangesThe new Chief Revenue Officer joined earlier than expected, which could introduce disruptions as new sales leaders often tweak go-to-market plans.
Market CompetitionNew product categories means new well-funded competitors and incumbents.