On Tuesday, SPS Commerce got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
The new score tells you 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 score 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.
SPS Commerce is currently forming a consolidation, with a 218.61 entry. See if the stock can break out in volume at least 40% above average.
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The stock sports a 96 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 96% 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 23% earnings-per-share growth for Q3. Revenue growth increased 21%, up from 18% in the prior quarter. That marks one quarter of increasing revenue gains.
SPS Commerce holds the No. 10 rank among its peers in the Computer Software-Special Enterprise industry group. AppLovin, Descartes Systems Group and HubSpot are among the top 5 highly-rated stocks within the group.
