Blockhaven research collection, November 2026: Costco, Caterpillar, Visa, Intuitive Surgical and Netflix

Five Blockhaven Deep Dives, each with a Research Note, a Learning Companion and a Technical Appendix. The ratings are Blockhaven's own five-level scale and are statements about the price on the valuation date, not instructions to buy, hold or sell. Values are conditional, unweighted and are not forecasts of the share price or price targets. The complete Deep Dives are not hosted as PDFs on this site; each Deep Dive page says how to read the full report.

Costco Wholesale Corporation (COST)

Blockhaven Rating 1/5 POOR at the November 2, 2026 close of $1,040.55.

• Downside / reference / upside value per share: $305.08 / $428.58 / $592.69 (conditional, unweighted)
• Reference value against the price: -58.8% (arithmetic on the two stated numbers)
• Evidence through November 7, 2026
• Documents: Deep Dive (58 pages) · Research Note (7 pages) · Learning Companion (12 pages) · Technical Appendix (29 pages)

Caterpillar Inc. (CAT)

Blockhaven Rating 1/5 POOR at the November 2, 2026 close of $613.62.

• Downside / reference / upside value per share: $213.44 / $346.89 / $466.04 (conditional, unweighted)
• Reference value against the price: -43.5% (arithmetic on the two stated numbers)
• Evidence through November 7, 2026
• Documents: Deep Dive (44 pages) · Research Note (6 pages) · Learning Companion (10 pages) · Technical Appendix (20 pages)

Visa Inc. (V)

Blockhaven Rating 3/5 BALANCED at the November 2, 2026 close of $425.51.

• Downside / reference / upside value per share: $237.26 / $365.04 / $462.33 (conditional, unweighted)
• Reference value against the price: -14.2% (arithmetic on the two stated numbers)
• Evidence through November 7, 2026
• Documents: Deep Dive (50 pages) · Research Note (8 pages) · Learning Companion (14 pages) · Technical Appendix (8 pages)

Intuitive Surgical, Inc. (ISRG)

Blockhaven Rating 1/5 POOR at the November 2, 2026 close of $436.87.

• Downside / reference / upside value per share: $118.22 / $193.46 / $268.49 (conditional, unweighted)
• Reference value against the price: -55.7% (arithmetic on the two stated numbers)
• Evidence through November 7, 2026
• Documents: Deep Dive (47 pages) · Research Note (5 pages) · Learning Companion (12 pages) · Technical Appendix (14 pages)

Netflix, Inc. (NFLX)

Blockhaven Rating 3/5 BALANCED at the November 2, 2026 close of $62.34.

• Downside / reference / upside value per share: $48.26 / $68.29 / $84.97 (conditional, unweighted)
• Reference value against the price: +9.5% (arithmetic on the two stated numbers)
• Evidence through November 7, 2026
• Documents: Deep Dive (59 pages) · Research Note (6 pages) · Learning Companion (8 pages) · Technical Appendix (32 pages)

The Blockhaven research ledger records the rating, valuation date and price, reference values, evidence date and edition of each Deep Dive family. What a Blockhaven Rating means, and what it is not: Research disclosures.