Relative Performance PressureModerate underperformance versus SMID-cap software peers despite strong results could keep investor skepticism and limit multiple expansion.
Residential Market SensitivityNegative commentary around the residential HVAC market could weigh on GTV growth and sustain investor concern about end-market demand.
Sales Execution RiskPressure to accelerate sales rep hiring may constrain new account growth if the company cannot scale its sales organization quickly enough.