Est. 2026, Student-Led Equity Research
Equity Research,
Built by Students.
Full models. Real ratings. Our names on everything we publish.
6
Sectors
2
Universities
DCF
Full Models
The best training isn't a simulation.
It's the real thing.
Most student investment clubs run mock portfolios. We publish real equity research, with our names on it, under real ratings, using real models. When we say BUY, we mean it.
Why Vireo
Why join us?
Real Research
Not pitch decks. We publish full equity initiations: DCF and comparable company analysis, with a named analyst standing behind a real rating.
Career Track Record
A published Vireo report with your name on it means something when you recruit. Our analysts are targeting roles at top investment management and banking firms.
Network & Community
Join a team of students who are serious about finance. Build relationships with peers pursuing the same careers, and a network that follows you after graduation.
Methodology
What we build
DCF Valuation
A bottom-up discounted cash flow model with explicit forecast periods and a terminal value. Every assumption is documented and defensible.
Comparable Company Analysis
Trading comps across sector peers: EV/EBITDA, P/E, and revenue multiples to triangulate a fair value range.
Investment Thesis
A clear BUY, HOLD, or SELL with the analyst's name attached. We say what we think and we sign it.
Where We're From
Coverage Sectors
Report of the Month
GTLB · Technology
GitLab Inc.
We revise GitLab to a SELL with a USD 39.10 target against USD 49.83. The operating story improved materially in Q2 FY2027: revenue up 21%, net ARR growth accelerating to 42%, and raised full-year guidance. The issue is now valuation rather than near-term execution. Even crediting the long-term margin framework, with FCF approaching USD 724 million by FY2031, the current price already discounts more than the model supports.
Each month we spotlight one of our most compelling initiations. Our analysts target companies where they believe consensus is meaningfully wrong, and publish their thesis under their own name.
This month: GitLab Inc. (GTLB), covered by Lucas Skomial.
Newsletter
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Monthly market commentary and Vireo updates. No noise, no spam.
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Join the team
Want in?
We recruit each semester across six sectors. Come prepared and show us what you can do.