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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%.
  • 5 stocks we like better than Elastic.

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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

13 Stocks Institutional Investors Won't Stop Buying Cover
13 Stocks Institutional Investors Won't Stop Buying

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Elastic (ESTC)
3.5796 of 5 stars		$94.57+6.8%N/A171.95Moderate Buy$103.43
Samsara (IOT)
2.611 of 5 stars		$54.66+3.8%N/A-113.86Hold$45.67
Okta (OKTA)
4.8959 of 5 stars		$75.45+2.4%N/A-89.82Hold$98.30
Microsoft (MSFT)
4.9046 of 5 stars		$414.17-0.1%0.72%34.17Moderate Buy$503.03
Oracle (ORCL)
4.8908 of 5 stars		$192.81+1.1%0.83%49.69Moderate Buy$169.52
Adobe (ADBE)
4.6855 of 5 stars		$504.47+1.0%N/A42.61Moderate Buy$606.40
Uber Technologies (UBER)
4.9949 of 5 stars		$69.71+0.2%N/A34.68Moderate Buy$90.32
Slack Technologies (WORK)
1.1235 of 5 stars		$45.20flatN/A-102.73N/AN/A
Compare These Stocks  Add These Stocks to My Watchlist 


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