The IBD SmartSelect Composite Rating for Freshworks (FRSH) stock rose from 94 to 96 Friday. The computer software stock sports a 93 Relative Strength Rating.
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The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The top-performing 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.
Freshworks stock broke out of a cup-with-handle pattern with a 21.50 entry point. The computer software stock is extended. See if the stock pulls back to form another pattern or set up an alternative entry point.
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Freshworks stock has an 81 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 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.
FRSH Earnings
In Q3, the company posted 0% earnings-per-share growth. Revenue was flat, matching the prior quarter’s 19%.
Freshworks stock earns the No. 18 rank among its peers in the Computer Software-Enterprise industry group. Datadog (DDOG), JFrog (FROG) and Cloudflare (NET) are among the top 5 highly-rated stocks within the group.
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