Procore Technologies saw its IBD SmartSelect Composite Rating jump to 97 Friday, up from 93 the day before.
The new score indicates the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Procore Technologies is trading about 2% above a 74.11 entry from a cup with handle.
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The stock has an 81 EPS Rating, meaning its recent quarterly and annual earnings growth tops 81% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 167% rise in earnings for Q3. Revenue growth fell to 19%, down from 24% in the previous quarter.
Procore Technologies earns the No. 9 rank among its peers in the Computer Software-Enterprise industry group. Samsara, ServiceNow and Palantir Technologies are among the top 5 highly-rated stocks within the group.
