On Thursday, Procore Technologies got an upgrade for its IBD SmartSelect Composite Rating from 93 to 97.
The upgrade means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Procore Technologies is currently forming a cup without handle, with an 83.35 entry. See if the stock can break out in volume at least 40% higher than normal.
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The stock earns an 81 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 81% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
The company reported 167% earnings growth for Q3. Sales growth came in at 19%, down from 24% in the prior quarter.
Procore Technologies holds the No. 10 rank among its peers in the Computer Software-Enterprise industry group. ServiceNow, Palantir Technologies and Shopify Cl A are among the top 5 highly-rated stocks within the group.
