Roundtable 100: Absci takes the top spot

Cybersecurity led the Roundtable 100 this week, holding 3 of the top ten. Absci climbed from #22 to take #1. The week's biggest climber was HubSpot, up 57 spots to #17. On the other side, Credo Technology Group Holding Ltd slipped 62 to #73.

Star ratings derive from the committee's editorial scoring: subjective committee editorial grades, rank-calibrated - each asset's Power is the exact average of its five pillar grades, strictly descending by rank. They are not independently verified fundamental measurements.

Biggest gainer: HubSpot (HUBS) - up 57 spots to #17. Our analysts' whole-list review used fresh market-cap Value 66.1, six-month price Growth 67.7 and Team 78 (reviewed October 23); the composite is 72.5. Category and placement constraints also shape the final rank. HubSpot rallied ~7% on strong growth and earnings upgrades; BTIG raised its target to $300.

Biggest loser: Credo Technology Group Holding Ltd (CRDO) - down 62 spots to #73. Our analysts' whole-list review used fresh market-cap Value 58.6, six-month price Growth 18.2 and Team 78 (reviewed October 23); the composite is 58.2. Category and placement constraints also shape the final rank. Credo fell 21.6% in OCP week on AI-funding fear, then 10.7% more on insider selling; the Nov 30 report decides.

Biggest surprise: Varonis Systems (VRNS) - up 52 spots to #2. Our analysts' whole-list review used fresh market-cap Value 75, six-month price Growth 94.9 and Team 78 (reviewed October 23); the composite is 81.5. Category and placement constraints also shape the final rank. Proofpoint is acquiring Varonis for $49.75/share cash (about $6.3B, announced Oct 15). The stock trades pinned to the deal price; the Growth pillar records the realized +104.5% six-month move.

Notable review: PayPal (PYPL) - up 35 spots to #53. Our analysts' whole-list review used fresh market-cap Value 52.6, six-month price Growth 60.6 and Team 70 (reviewed October 23); the composite is 63.3. Category and placement constraints also shape the final rank. The CEO concedes an agility gap; Cleveland Research downgraded the stock; AI commerce revenue slips to 2028.

Research judgments are separate from James formula mechanics and named committee submissions.

ABSI: #22 to #1: Roundtable 100 analysts also view this evidence as part of the weekly review: AstraZeneca signed a $247M AI drug-design deal (Oct 18); +150% six-month; ABS-201 Phase 1 signals.

VRNS: #54 to #2: Roundtable 100 analysts also view this evidence as part of the weekly review: Proofpoint is acquiring Varonis for $49.75/share cash (about $6.3B, announced Oct 15). Stock trades pinned to the deal price; the Growth pillar records the realized +104.5% six-month move.

PANW: #43 to #11: Roundtable 100 analysts also view this evidence as part of the weekly review: Cyber rally on US agency warnings; Deutsche Bank AI call, Morgan Stanley spending note; +94.6% six-month.

DUOL: #35 to #13: Roundtable 100 analysts also view this evidence as part of the weekly review: Active securities class actions after a 25% drop cap the week despite +34.4% six-month.

PGY: #44 to #14: Roundtable 100 analysts also view this evidence as part of the weekly review: Auto-led volume surge; $2B 2029 revenue target; margin squeeze is the watch item.

HUBS: #74 to #17: Roundtable 100 analysts also view this evidence as part of the weekly review: Rallied ~7% on strong growth and earnings upgrades; BTIG raised its target to $300.

ONDO: #59 to #18: Roundtable 100 analysts also view this evidence as part of the weekly review: Tokenized stocks tripled in 2026; LI.FI brings Ondo stocks/ETFs to Solana; +62.3% six-month.

CRV: #66 to #22: Roundtable 100 analysts also view this evidence as part of the weekly review: Launched permissionless propAMM with a community vote; Rowan Finance funds began trading in Curve pools.

ASST: #48 to #24: Roundtable 100 analysts also view this evidence as part of the weekly review: Declared first SATS dividend after closing a $630M offering.

CHKP: #72 to #27: Roundtable 100 analysts also view this evidence as part of the weekly review: Surged ~6% on an earnings breakout; Morgan Stanley sees stronger cyber spending.

SLE: #83 to #28: Roundtable 100 analysts also view this evidence as part of the weekly review: Stockholders approved the 435.9M-share issuance and Superplanet rebrand; dilution keeps this a judgment placement.

XYZ: #77 to #32: Roundtable 100 analysts also view this evidence as part of the weekly review: John Slazas moved it up 6 spots to 32 (Oct 23 filing). BMO lifts to Outperform; 28% margin pledge after AI restructuring.

PTRN: #16 to #38: Roundtable 100 analysts also view this evidence as part of the weekly review: Named a 2026 Inc. Power Partner award winner.

RXRX: #71 to #39: Roundtable 100 analysts also view this evidence as part of the weekly review: Sanofi options first-in-class candidate; $200M raise.

ADBE: #70 to #41: Roundtable 100 analysts also view this evidence as part of the weekly review: Deep-value rotation; expanded NVIDIA partnership.

CUBI: #64 to #42: Roundtable 100 analysts also view this evidence as part of the weekly review: Palantir collaboration on AI-native banking.

ASML: #23 to #45: Roundtable 100 analysts also view this evidence as part of the weekly review: Lifts FY revenue target; demand outruns supply through 2028.

MRVL: #4 to #47: Roundtable 100 analysts also view this evidence as part of the weekly review: AI-chip selloff and supply-chain pressure; +40.2% six-month.

IBKR: #7 to #48: Roundtable 100 analysts also view this evidence as part of the weekly review: John Slazas moved it down 6 spots to 48 (Oct 23 filing). Rothschild/Redburn target nudged to $94.

SNDK: #19 to #49: Roundtable 100 analysts also view this evidence as part of the weekly review: Rose after a brutal sell-off ahead of earnings; strategists split on memory names.

PYPL: #88 to #53: Roundtable 100 analysts also view this evidence as part of the weekly review: CEO concedes agility gap; Cleveland Research downgrade; AI commerce revenue slips to 2028.

ANET: #29 to #55: Roundtable 100 analysts also view this evidence as part of the weekly review: Q3 results beat; TD Cowen trimmed its target to $205.

POL: #36 to #56: Roundtable 100 analysts also view this evidence as part of the weekly review: Keeper Wallet added Polygon swaps and card purchases.

ETH: #90 to #60: Roundtable 100 analysts also view this evidence as part of the weekly review: John Slazas moved it up 6 spots to 60 (Oct 23 filing; duplicate counted once). Glamsterdam test delayed on security flags.

CRCL: #31 to #62: Roundtable 100 analysts also view this evidence as part of the weekly review: A shareholder sued over $2B in UAE crypto money; identity features tied to USDC payments.

ALGO: #86 to #64: Roundtable 100 analysts also view this evidence as part of the weekly review: Named Global x402 Challenge winners after 115 submissions.

FI: #95 to #68: Roundtable 100 analysts also view this evidence as part of the weekly review: Goldman lifts target to $56; turnaround "reset" story.

LSCC: #49 to #69: Roundtable 100 analysts also view this evidence as part of the weekly review: Appointed John McCool and Raejeanne Skillern to the board.

BTGO: #46 to #70: Roundtable 100 analysts also view this evidence as part of the weekly review: Kalshi margin partnership; BitGo Labs launch; -50.8% six-month.

TSM: #25 to #71: Roundtable 100 analysts also view this evidence as part of the weekly review: Seeking factory-equipment alternatives amid supply constraints.

CRDO: #11 to #73: Roundtable 100 analysts also view this evidence as part of the weekly review: Fell 21.6% in OCP week on AI-funding fear, then 10.7% more on insider selling; the Nov 30 report decides.

HIVE: #99 to #75: Roundtable 100 analysts also view this evidence as part of the weekly review: $2.5B GPU campus in Canada; AI pivot; -27.3% six-month.

NVDA: #41 to #77: Roundtable 100 analysts also view this evidence as part of the weekly review: Neocloud distress and a broader tech pullback weighed on the group.

AMAT: #37 to #82: Roundtable 100 analysts also view this evidence as part of the weekly review: Slid with chip-equipment peers on supply-chain constraints.

LRCX: #53 to #84: Roundtable 100 analysts also view this evidence as part of the weekly review: Cited supply-chain constraints; Mizuho says buy the pullback.

TSLA: #65 to #96: Roundtable 100 analysts also view this evidence as part of the weekly review: Capex cut raises doubts over the AI/robotics push; SpaceX merger chatter post-earnings.

XAU: #40 to #97: Roundtable 100 analysts also view this evidence as part of the weekly review: Gold dipped below $4,000, heading for a steep weekly loss as oil fuels Fed rate fears.

John Slazas on Block (XYZ) - moved up 6 spots to #32 this week:

This review is about one variable: Dominance. Dominance asks how much of its market a company actually holds. That means how many customers run their money or their business through it, and how hard that position would be to take away. The board grades Block's Dominance at 12.8, against a longer-run baseline of 74.

What the numbers say. Second-quarter results, released Aug 5: Cash App had 59 million monthly transacting actives. Of those, 9.4 million are primary banking customers who route paychecks or most of their spending through the app, up 17% from a year ago. Customers moved $87 billion into Cash App, up 13%. Gross profit: $3.17 billion, up 25%, and the full-year outlook was raised to $12.51 billion.

Why this size. The target is 60, not the 74 baseline. That places Block just under Robinhood's 70, the closest consumer-network peer on the board, and leaves room until user growth restarts and the FTC question is answered. The whole score moves +6 because the card sits 61 points under its baseline on measured scale. It stops short of the weekly maximum because the evidence is a quarter old and the FTC inquiry is open. Medium confidence.

John Slazas on Ethereum (ETH) - moved up 6 spots to #60 this week:

This review is about one variable: Dominance. The board grades Ethereum's Dominance at 20.1 against a baseline of 90. A 20 says Ethereum is a minor player in its own market. The measured data says it's the center of that market, and on Oct 19 America's largest bank put its digital dollar on it.

What the numbers say: Ethereum holds $49.4 billion of the $90.1 billion locked in DeFi across every chain. That's about 55%, more than the next nine chains combined (DefiLlama, Oct 22). $143.6 billion of the $301.1 billion in dollar stablecoins sit on Ethereum, about 48%, more than any other chain. On Oct 19, Kinexys by J.P. Morgan brought JPM Coin, the bank's U.S. dollar deposit token, to Ethereum for its institutional clients. The bank called Ethereum "a natural next public blockchain," citing its "established depth of onchain liquidity and tokenized assets."

Why this size. A target of 55 matches its measured share of DeFi and sits just above its share of stablecoins. It stays well below the 90 baseline because rival chains and layer-2 networks split the picture. The whole score moves +6, short of the cap because of the ETF outflows. Confidence is Medium because the share is holding steady rather than widening, and JPM Coin is too new to show volume.

John Slazas on Interactive Brokers (IBKR) - moved down 6 spots to #48 this week:

This review is about one variable: Growth. Growth asks how fast a business is really getting bigger. The board grades Interactive Brokers' Growth at 76.2, against a longer-run baseline of 78. That score fits a business growing much faster.

What the numbers say. Third-quarter results, released Oct 15: Net revenue was $1.91 billion, up 16% from $1.66 billion a year ago. One quarter earlier, net revenue had grown 28%. The growth rate fell by nearly half in a single quarter. Commission revenue rose 12%. Customer stock trading volume fell 24% from a year ago, and average daily trades were 11% below the second quarter. On the board's own scale, mid-teens revenue growth corresponds to a Growth score in the low 50s, not the mid-70s.

Why this size. The Growth target is 53. That's what the board pays for mid-teens growth, just under PayPal (55.9) and Robinhood (55.4). The whole score moves -6 because a top-10 name's growth rate nearly halved and the card still prices the old pace. It stops short of -8 because the business is still adding customers fast. Confidence is Medium because the board raised IBKR on this same report a week ago. The results were good; the pace is what changed.

Top category of the week: Cybersecurity - 3 of the top ten sit here. Lagging: Semiconductors, dragged by Credo Technology Group Holding Ltd's slide to #73.

The public ranking page is at roundtable100.com.

The Roundtable 100 is an analyst-driven ranking of 100 future-facing U.S.-accessible assets: equities listed on Nasdaq or the NYSE and digital assets available on major U.S.-accessible exchanges. Each asset is scored on five variables — Leadership, Safety, Innovation, Growth, and Market Dominance — with the Power Ranking as the average of the five. Scores change only on verifiable new information such as filings, earnings, regulatory actions and product launches, never on price action alone, and every score is defended by named analysts on Roundtable's Blue Ribbon Committee. Membership of the 100 is fixed between quarterly rebalances; ranks move weekly, membership does not. The ranking refreshes every Friday after the U.S. market close.

The Roundtable 100 is published by RTB Digital, Inc. (NASDAQ: RTB) for informational purposes only and is not investment advice, an offer, or a recommendation to buy or sell any security or digital asset. Rankings reflect the views of Roundtable analysts as of the ranking date.