Monday.com (MNDY) stock had its Relative Strength (RS) Rating upgraded from 62 to 92 Tuesday. The cloud-based project management software maker reported Q4 EPS of 1.08, beating analyst estimates of 79 cents. Revenue came in at $268 million, up 32% from $202.6 for the same period a year ago.
↑ X NOW PLAYING Trump Tariffs Are Central To President's Policy Shake-Up Promises. Here's What Markets Are Watching.This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating north of 80 as they begin their largest price moves.
Here Are 3 Keys For Successful Stock Investing
Monday.com stock gapped up 26% on Monday on positive earnings news. The tech stock cleared a three month consolidation with a 324.99 entry point and is still within that buying range.
While the cloud-based software company's top line growth fell last quarter from 33% to 32%, the bottom line grew 66%, up from 33% in the previous report.
Monday.com holds the No. 13 rank among its peers in the Computer Software-Enterprise industry group. Enfusion (ENFN), Samsara (IOT) and Klaviyo (KVYO) are among the top 5 highly rated stocks within the group.
YOU MAY ALSO LIKE:
Hone Your Investing Skills Online — For Free — With IBD Meetups
Learn How To Invest: Join An Online IBD Meetup Group
Join An IBD Meetup Group — Online From Anywhere
Ready To Grow Your Investing Skills? Join An IBD Meetup Group
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.