Best- and Worst-Performing Stocks for February 2024

Each month we screen from among the stocks in the Morningstar US Large-Mid Index to find the best- and worst-performing companies.

Best-Performing Stocks for February 2024

Coinbase Global COIN rallied 54.5% in February, lifting shares 14.6% in the year to date. The company’s stock ended the month with a Morningstar Rating of 1 star, trading at an 81% premium to its fair value estimate of $110.

Palantir Technologies PLTR rose 50.2%, bringing it up 42.9% for the year to date. The company’s stock ended the month with a Morningstar Rating of 2 stars, trading at a 64% premium to its fair value estimate of $15.

Applovin APP climbed 48.0%, leaving it up 52.2% for the year. The company’s stock ended the month with a quantitative Morningstar Rating of 3 stars, trading at a 12% premium to its quantitative fair value estimate of $54.18.

Super Micro Computer SMCI jumped 45.9%, lifting shares 199.4% in the year to date. Shares are 19.6% below their last high on Feb. 16, 2024. The company’s stock ended the month with a quantitative Morningstar Rating of 3 stars, trading at a 2% discount to its quantitative fair value estimate of $867.94.

XPO XPO climbed 35.0%, lifting shares 35.4% in the year to date. The company’s stock ended the month with a Morningstar Rating of 1 star, trading at a 58% premium to its fair value estimate of $75.

Worst-Performing Stocks for February 2024

Snap SNAP plunged 31.3% in February and declined 35.6% in the year to date. Shares are 38.4% below their last high on Dec. 18, 2023. The company’s stock ended the month with a Morningstar Rating of 4 stars, trading at a 22% discount to its fair value estimate of $14.

Liberty Broadband LBRDA fell 25.0%, putting it down 25.1% from the start of the year. Shares are 37.1% below their last high on Aug. 29, 2023. The company’s stock ended the month with a quantitative Morningstar Rating of 4 stars, trading at a 34% discount to its quantitative fair value estimate of $91.64.

Charter Communications CHTR slid 24.2%, leaving the stock down 25.4% for the year. Shares are 35.9% below their last high on Oct. 16, 2023. The company’s stock ended the month with a Morningstar Rating of 5 stars, trading at a 47% discount to its fair value estimate of $550.

Atlassian TEAM fell 19.3% and declined 13.5% year to date. Shares are 19.8% below their last high on Jan. 30, 2024. The company’s stock ended the month with a Morningstar Rating of 3 stars, trading at a 9% discount to its fair value estimate of $225.00.

Twilio TWLO slid 18.0%, leaving the stock down 23.9% for the year. Shares are 23.8% below their last high on Dec. 19, 2023. The company’s stock ended the month with a Morningstar Rating of 3 stars, trading at a 21% discount to its fair value estimate of $73.

Companies that are not formally covered by a Morningstar analyst have quantitative ratings. These companies are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

As part of our mission to put more information into the hands of investors, this article was compiled from Morningstar’s data and independent research using automation technology. The original article was written by Morningstar reporters and editors. This updated version was reviewed by an editor.