On Tuesday, Life360 got an upgrade for its IBD SmartSelect Composite Rating from 92 to 98.
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The new score means the company is now outperforming 98% of all stocks in terms of the most important fundamental and technical stock-picking criteria. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
Life360 is currently extended beyond a proper buy zone after breaking out from a 52.77 buy point in a consolidation.
The stock sports an 81 EPS Rating, meaning its recent quarterly and annual earnings growth tops 81% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
In Q1, the company posted 0% earnings growth. Sales growth came in at 32%, down from 33% in the prior quarter. The company's next quarterly report is expected on or around Aug. 12.
Life360 holds the No. 1 rank among its peers in the Computer Software-Desktop industry group. Microsoft and PagerDuty are also among the group's highest-rated stocks.
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