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3 Hot Software Stocks Breaking Out to New Highs

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%.
  • 5 stocks we like better than Elastic.

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Should you invest $1,000 in Elastic right now?

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

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Elastic (ESTC)
3.9078 of 5 stars
$103.63-0.1%N/A188.42Moderate Buy$126.50
Samsara (IOT)
2.8725 of 5 stars
$44.32+3.9%N/A-94.30Hold$51.29
Okta (OKTA)
4.8114 of 5 stars
$83.28+1.9%N/A-237.94Hold$104.45
Microsoft (MSFT)
4.8595 of 5 stars
$436.60-0.1%0.76%36.02Moderate Buy$508.46
Oracle (ORCL)
4.5273 of 5 stars
$169.66+0.5%0.94%41.48Moderate Buy$181.48
Adobe (ADBE)
4.9475 of 5 stars
$447.17+2.2%N/A36.06Moderate Buy$584.88
Uber Technologies (UBER)
4.9734 of 5 stars
$60.73+0.9%N/A30.21Moderate Buy$90.51
Slack Technologies (WORK)
1.0111 of 5 stars
$45.20flatN/A-102.73N/AN/A
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