Pick a template
Choose a focused Short-Form memo for a quick thesis, or a fuller Deep-Dive for a write-up ready for the Investment Committee.
Drop in your research
Upload sell-side reports, transcripts, presentations, and PDF model exports. We pull the relevant detail.
Get a working draft
Your thesis, articulated in institutional language — specific, falsifiable, ready for the Investment Committee.
Sample memo
Short-Form template, generated from an earnings release and investor presentation.
ServiceNow (NOW) — Buy
One-Line Thesis
We see 28.0% upside to our $170 price target as consensus underweights the durability of ServiceNow's growth-plus-margin profile — evidenced by the Rule of 56 achievement in Q2 2026 and $1 billion in ServiceNow AI ACV — a combination the market has not yet re-rated into the multiple.
Position Parameters
Current price: $132.83 | Price target: $170 | Expected return: 28.0%
The Variant — What the Market Is Missing
Consensus is anchored to ServiceNow as a mature ~20%-grower, but Q2 2026 subscription revenue grew 24.5% Y/Y (23% constant currency) — an acceleration that beat the high end of guidance across every topline and profitability metric reported.
[…]
Pricing
Start free. Upgrade when you need unlimited memos and all templates.
Frequently asked questions
How Variant Draft handles your documents, your content, and your subscription.