Workday saw its IBD SmartSelect Composite Rating rise to 98 Tuesday, up from 94 the day before.
The new rating shows the stock is outpacing 98% of all stocks when it comes to the most important stock-picking criteria. Winning stocks often have a 95 or higher rating 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.
Workday is currently forming a cup without handle, with a 311.28 entry. See if the stock can break out in heavy trade at least 40% higher than normal.
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The stock earns a 97 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
In Q3, the company posted 21% EPS growth. Revenue growth came in at 16%, down from 17% in the prior quarter.
Workday holds the No. 10 rank among its peers in the Computer Software-Enterprise industry group. Datadog, Klaviyo and Cloudflare are among the top 5 highly-rated stocks within the group.
