GitLab Cl A saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 92 to 96.
The new score indicates the company is now outperforming 96% 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 a good starting point when looking for the best stocks to buy and watch.
GitLab Cl A is currently forming a cup with handle, with a 68.69 entry. See if the stock can break out in heavy trade at least 40% above average.
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The stock has an 81 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 81% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
In Q2, the company reported 1,400% EPS growth. Sales growth fell to 31%, down from 33% in the prior quarter. The company's next quarterly report is expected on or around Dec. 5.
GitLab Cl A holds the No. 3 rank among its peers in the Computer-Technical Services industry group. Dave is the top-ranked stock within the group.
