This Little-Known Software Stock Just Set a New All-Time High

Red Violet (RDVT), a software and services company specializing in big data analysis, has reached a new all-time high for its shares. Trading at $73.02, the stock has surged 42.95% over the past year. Despite Morningstar rating it as slightly overvalued, with a fair value of $68.77, RDVT maintains strong technical support and broad investor interest.

The stock has a 100% Buy technical opinion from Barchart and a Trend Seeker Buy signal since July 29, resulting in a 7.72% gain since then. Analysts rate RDVT as a Strong Buy with price targets between $73 and $85, while Morningstar's price target is $68.77. With 18.34% revenue growth expected this year and 13.63% next year, and earnings projected to increase by 25.77% this year and 5.20% next year, RDVT is a profitable company with great price momentum and positive analyst commentary.