On Tuesday, Workday got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
Discover The 3 Keys To Successful Stock Investing
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The best stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Workday is now out of buy range after breaking out from a 252.72 entry in a cup without handle.
The stock has a 97 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
The company reported a 22% EPS gain for Q4. Sales growth fell to 15%, down from 16% in the prior quarter. The company's next quarterly report is expected on or around May. 22.
Workday 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.
