On Wednesday, monday.com got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
Looking For Winning Stocks? How To Invest In Both Bull And Bear Markets
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
monday.com is trading within the buy zone from a 284.28 entry from a cup with handle.
One weak spot is the company's 79 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.
In Q1, the company posted 80% earnings-per-share growth. That marks two straight quarters of rising EPS performance. Sales growth fell to 30%, down from 32% in the previous quarter.
monday.com earns the No. 9 rank among its peers in the Computer Software-Enterprise industry group. Nexxen International, Palantir Technologies and Freshworks Cl A are among the top 5 highly-rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
