How do you structure a 'pitch a stock' answer?

Standard format (90–120 sec):

• Recommendation upfront (5 sec): 'I recommend buying [stock] at the current price of $[X] with a $[Y] target over 12 months — that's 25% upside.'
• Business-model one-liner (15 sec): what the company does in one sentence.
• Thesis — 3 arguments (45 sec, 15 sec each): (a) a market/industry trend that favors it. (b) a specific competitive advantage (moat). (c) the valuation argument: 'At 11x forward EBITDA the stock trades at a 20% discount to peers (median 14x), which isn't justified by the fundamentals.'
• Risks (20 sec): mention 2–3 real concerns, then address them. 'The main risk is [X], but [mitigant Y] protects against it.'
• Catalysts (10 sec): 'Over the next 6 months I expect [earnings/product launch/M&A] to act as re-rating triggers.' Pitfalls: overly detailed financials (the interviewer isn't the audit partner), tech buzzwords without business substance, naive growth extrapolation.