Free Trial

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%.
  • Interested in Elastic? Here are five stocks we like better.

unlock icon  Upgrade Now

This premium article is available to MarketBeat All Access subscribers only. Log in to your account or sign up below.

Already have an account? Log in here.

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

Elon Musk's Next Move Cover

Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.

Get This Free Report
Like this article? Share it with a colleague.

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Elastic (ESTC)
3.6452 of 5 stars
$85.82-0.7%N/A156.04Moderate Buy$113.63
Samsara (IOT)
1.8858 of 5 stars
$44.68-0.9%N/A-95.06Moderate Buy$50.00
Okta (OKTA)
4.5235 of 5 stars
$101.20-3.7%N/A-289.14Moderate Buy$121.59
Microsoft (MSFT)
4.5557 of 5 stars
$472.75+0.5%0.70%38.06Moderate Buy$511.57
Oracle (ORCL)
4.5095 of 5 stars
$177.19+1.8%1.13%43.32Moderate Buy$177.35
Adobe (ADBE)
4.6694 of 5 stars
$416.26-0.2%N/A33.57Moderate Buy$504.38
Uber Technologies (UBER)
4.6867 of 5 stars
$87.19+1.9%N/A19.12Moderate Buy$93.91
Slack Technologies (WORK)N/A$45.20flatN/A-102.73N/AN/A
Compare These Stocks  Add These Stocks to My Watchlist 

Featured Articles and Offers

Related Videos

This Unique Robotaxi Play Could Deliver 10X Returns
Magnificent 7 Stocks Shift Toward Stability and Selective Growth
5 Blowout Earnings Winners That Could Soar Even Higher

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines