DocuSign saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 94 the day before.
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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
DocuSign is currently extended beyond a proper buy zone after clearing the entry in a consolidation.
The stock has a 94 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 94% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q4, the company posted 13% EPS growth. Revenue growth increased 9%, up from 8% in the prior report. The company has now posted increasing growth in each of the last two reports.
DocuSign 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.
