Freshworks stock saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 93 the day before. The computer software stock sports an 86 Relative Strength Rating.
The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Freshworks stock is trading about 3% above a 17.66 entry from a consolidation.
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One weak spot is the company's 67 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Freshworks Earnings
The computer enterprise software company reported 38% EPS growth for Q3. Sales growth climbed 22%, up from 20% in the prior quarter. That marks one quarter of increasing revenue increases. The company's next quarterly report is expected on or around Feb. 11.
Freshworks stock holds the No. 18 rank among its peers in the Computer Software-Enterprise industry group. Enfusion, Klaviyo and Cloudflare are among the top 5 highly-rated stocks within the group.
