Freshworks Cl A had its Relative Strength (RS) Rating upgraded from 78 to 82 Tuesday.
IBD's proprietary rating tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves.
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While the stock is not near an ideal entry right now, see if it is able to form and break out of a proper consolidation.
Freshworks Cl A saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 14% to 38%. Revenue rose from 20% to 22%.
Freshworks Cl A earns the No. 39 rank among its peers in the Computer Software-Enterprise industry group. Datadog, Enfusion and Klaviyo are among the top 5 highly rated stocks within the group.
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