Freshworks Cl A saw its IBD SmartSelect Composite Rating jump to 96 Tuesday, up from 87 the day before.
Discover The 3 Keys To Successful Stock Investing
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Freshworks Cl A is not currently near a proper buy point. Look for the stock to form and break out of a new chart pattern.
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 reported 80% earnings growth. That means it's now generated three straight quarters of rising EPS growth. Revenue growth fell to 19%, down from 22% in the previous quarter.
Freshworks Cl A earns the No. 6 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies, Nexxen International and Cloudflare 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.
