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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Companies Mentioned in This Article

Company	MarketRank™	Current Price	Price Change	Dividend Yield	P/E Ratio	Consensus Rating	Consensus Price Target
Elastic (ESTC)	3.8332 of 5 stars 3.83 / 5 stars	$69.84	-0.4%	N/A	131.77	Moderate Buy	$104.45
Samsara (IOT)	1.646 of 5 stars 1.65 / 5 stars	$45.03	+2.3%	N/A	-90.06	Moderate Buy	$42.07
Okta (OKTA)	4.9205 of 5 stars 4.92 / 5 stars	$71.63	-1.1%	N/A	-42.89	Hold	$105.14
Microsoft (MSFT)	4.9602 of 5 stars 4.96 / 5 stars	$402.46	+0.2%	0.75%	34.85	Moderate Buy	$494.72
Oracle (ORCL)	4.8332 of 5 stars 4.83 / 5 stars	$140.93	-0.6%	1.14%	37.99	Moderate Buy	$145.87
Adobe (ADBE)	4.1282 of 5 stars 4.13 / 5 stars	$568.21	+0.9%	N/A	51.05	Moderate Buy	$605.52
Uber Technologies (UBER)	4.706 of 5 stars 4.71 / 5 stars	$70.34	+1.1%	N/A	113.45	Moderate Buy	$87.60
Slack Technologies (WORK)	0 of 5 stars 0.00 / 5 stars	$45.20	flat	N/A	-102.73		N/A