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3 Hot Software Stocks Breaking Out to New Highs

Written by MarketBeat Staff
September 13, 2023

Key Points

  • Elastic's recent outperformance was driven by rising demand for the company’s AI-powered Elasticsearch platform.
  • Samsara is up approximately 150% year-to-date and getting a second chance in a healthier tech spending environment.
  • Okta management raised its full year adjusted EPS guidance by more than 30%.
  • Interested in Elastic? Here are five stocks we like better.
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Should You Invest $1,000 in Elastic Right Now?

Before you consider Elastic, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Elastic wasn't on the list.

While Elastic currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Elastic (ESTC)
3.8477 of 5 stars		$102.26+0.6%N/A185.93Moderate Buy$131.52
Samsara (IOT)
3.2036 of 5 stars		$42.54+1.1%N/A-90.51Moderate Buy$49.60
Okta (OKTA)
4.407 of 5 stars		$116.72+0.3%N/A-333.49Moderate Buy$115.29
Microsoft (MSFT)
4.9184 of 5 stars		$395.16+0.5%0.84%31.82Moderate Buy$510.59
Oracle (ORCL)
4.8856 of 5 stars		$153.59-0.8%1.30%37.55Moderate Buy$179.20
Adobe (ADBE)
4.8212 of 5 stars		$403.64+2.3%N/A32.55Moderate Buy$538.80
Uber Technologies (UBER)
4.9446 of 5 stars		$75.59-1.2%N/A16.58Moderate Buy$90.31
Slack Technologies (WORK)N/A$45.20flatN/A-102.73N/AN/A
Compare These Stocks  Add These Stocks to My Watchlist 

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