We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you accept our Privacy Policy and Terms of Service, revised from time to time, and you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Nextdoor (KIND) Outperforming Other Computer and Technology Stocks This Year?
Read MoreHide Full Article
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Nextdoor Holdings, Inc. (KIND - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Nextdoor Holdings, Inc. is a member of the Computer and Technology sector. This group includes 617 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Nextdoor Holdings, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for KIND's full-year earnings has moved 15.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, KIND has gained about 48.7% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 19.7% on average. As we can see, Nextdoor Holdings, Inc. is performing better than its sector in the calendar year.
Alphabet Inc. (GOOG - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 23.7%.
Over the past three months, Alphabet Inc.'s consensus EPS estimate for the current year has increased 8.1%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Nextdoor Holdings, Inc. belongs to the Internet - Software industry, a group that includes 140 individual companies and currently sits at #100 in the Zacks Industry Rank. On average, this group has gained an average of 5.6% so far this year, meaning that KIND is performing better in terms of year-to-date returns.
On the other hand, Alphabet Inc. belongs to the Internet - Services industry. This 39-stock industry is currently ranked #157. The industry has moved +19.7% year to date.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Nextdoor Holdings, Inc. and Alphabet Inc. as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Nextdoor (KIND) Outperforming Other Computer and Technology Stocks This Year?
Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Is Nextdoor Holdings, Inc. (KIND - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Nextdoor Holdings, Inc. is a member of the Computer and Technology sector. This group includes 617 individual stocks and currently holds a Zacks Sector Rank of #6. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Nextdoor Holdings, Inc. is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for KIND's full-year earnings has moved 15.1% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, KIND has gained about 48.7% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 19.7% on average. As we can see, Nextdoor Holdings, Inc. is performing better than its sector in the calendar year.
Alphabet Inc. (GOOG - Free Report) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 23.7%.
Over the past three months, Alphabet Inc.'s consensus EPS estimate for the current year has increased 8.1%. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Nextdoor Holdings, Inc. belongs to the Internet - Software industry, a group that includes 140 individual companies and currently sits at #100 in the Zacks Industry Rank. On average, this group has gained an average of 5.6% so far this year, meaning that KIND is performing better in terms of year-to-date returns.
On the other hand, Alphabet Inc. belongs to the Internet - Services industry. This 39-stock industry is currently ranked #157. The industry has moved +19.7% year to date.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Nextdoor Holdings, Inc. and Alphabet Inc. as they could maintain their solid performance.