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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

Model N Stock Continues Adding To Its Composite Rating, Hitting 96

Model N saw its IBD SmartSelect Composite Rating rise to 96 Friday, up from 94 the day before.

The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.

Model N is now out of buy range after clearing the 35.10 buy point in a cup without handle.

Looking For The Best Stocks To Buy And Watch? Try These Screens

 

The stock has a 95 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 95% of all stocks.

Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.

The company reported an 11% earnings-per-share gain for Q4. Top line growth rose 13%, up from 10% in the prior report. That marks one quarter of accelerating revenue growth.

Model N earns the No. 1 rank among its peers in the Computer Software-Enterprise industry group. A10 Networks and Aspen Technology are also among the group's highest-rated stocks.

Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

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