As the market begins the second half of the year and growth stocks come back into favor, this screen showcases 13 Class of 2021 IPO stocks to buy or have on your watchlist. While top new issues such as DoubleVerify and Duolingo have climbed out of buy range, others — such as Monday.com, Flywire and DigitalOcean — are in or near fresh buy zones.
This stock screen highlights a total of 13 IPOs that have a 90 or higher Composite Rating and also meet the criteria listed below.
Additionally, other watchlist-worthy names include On Holding, Confluent, Procore Technologies, HashiCorp and Shoals Technologies and Life Time Group.
With an earnings beat and strong outlook, Samsara also makes the cut, solidifying its spot among noteworthy newer IPOs. IOT stock blasted higher in massive volume on its report, gapping up beyond its buy zone.
Further showcasing IPOs of interest, Monday.com was just profiled in the IBD New America.
Monday.com, DigitalOcean Among Top 10% Of 2021 IPO Stocks
Including MNDY, DOCN stock, each of these 2021 IPO stocks to buy and watch meets the following parameters:
- Composite Rating ≥ 90
- EPS Est Cur Yr ≥ 25%
- Sales % Chg Last Qtr ≥ 25%
- Average Daily Volume over 400,000 shares
The 90 or higher Composite Rating means each stock is outpacing at least 90% of all companies in terms of key stock-picking factors.
For example, DV stock earns the highest-possible 99 rating, meaning it is outperforming 99% of all stocks for the most important fundamental and technical traits. Plus, MNDY, INTA and DOCN all sport a stellar 98 Composite Rating.
Click the stock symbols below to get a full diagnosis of each company and its stock. You'll get an IBD Stock Checkup report that explains what the company does, its sales and earnings performance and estimates, institutional demand for the stock and much more.
| Company | Symbol | Comp Rating | EPS % Chg Last Qtr | EPS Est Cur Qtr % | EPS Est Cur Yr % | EPS Est Next Yr % | EPS Rating | RS Rating | SMR Rating | A/D Rating |
|---|---|---|---|---|---|---|---|---|---|---|
| DoubleVerify | DV | 99 | 133 | 137 | 169 | 22 | 91 | 95 | B | A- |
| DigitalOcean | DOCN | 98 | 211 | 106 | 94 | 33 | 82 | 85 | A | B- |
| Intapp | INTA | 98 | 175* | 133 | 173 | 86 | 81 | 98 | C | B+ |
| Monday.com | MNDY | 98 | 115* | 102 | 107 | 141 | 81 | 96 | C | A- |
| On Holding | ONON | 97 | 220 | -38 | 169 | 25 | 81 | 94 | A | C- |
| Shoals Technologies | SHLS | 96 | 180 | 87 | 53 | 62 | 99 | 86 | A | B |
| Confluent | CFLT | 95 | 53* | 61 | 71 | 165 | 55 | 95 | D | A- |
| Duolingo | DUOL | 95 | 81* | 88 | 192 | -21 | 56 | 98 | D | B |
| Procore Technologies | PCOR | 93 | 107* | 50 | 51 | 48 | 69 | 85 | C | B |
| Flywire | FLYW | 92 | 70* | 46 | 369 | 107 | 65 | 94 | C | B |
| HashiCorp | HCP | 92 | 59* | 20 | 28 | 78 | 57 | 88 | C | B+ |
| Samsara | IOT | 91 | 60* | -14 | 67 | 144 | 58 | 96 | C | C |
| Life Time Group | LTH | 90 | 170* | 1000 | 214 | 52 | 81 | 94 | C | C+ |
*Based on prior-year quarters that showed a loss
DOCN, MNDY Among Top IPOs In Or Near Buy Zones
Additionally, within this crop of 2021 IPOs, Monday.com, DigitalOcean, Procore Technologies, Intapp and HashiCorp are among those in or near new buy zones.
To pinpoint the optimal entry with the lowest risk, follow time-tested rules for buying stocks using stock charts.
However, as with all newer IPO stocks, keep in mind that they can be volatile. Be sure to follow sound rules for how to buy stocks and when to sell stocks — rules that apply to all stocks in any market environment.
Follow Matthew Galgani on Twitter at @IBD_MGalgani.
