The IBD SmartSelect Composite Rating for Shopify Cl A rose from 94 to 98 Thursday.
The new score indicates the company is now outperforming 98% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
Shopify Cl A is not currently near a proper buy zone. Look for the stock to form and break out of a new chart pattern.
Lean How — And When — To Sell Stocks
The stock sports a 96 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 96% of all stocks.
Its Accumulation/Distribution Rating of E shows aggressive selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q4, the company posted 29% earnings growth. Top line growth rose 31%, up from 26% in the prior quarter. That marks two consecutive reports with increasing revenue gains.
Shopify Cl A earns the No. 2 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies is the top-ranked stock 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.
