Gift Opening
$200 Off MarketBeat All Access
Thanks for being one of our best subscribers! You are eligible for a limited-time discount.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
Claim Your Discount
×
Free Trial
Thank you for registering! Take a moment to confirm your subscription to Insider Trades Newsletter so that you can access MarketBeat's tools, reports, and news. Please click the "Send Confirmation Email" button and we'll send you an email with confirmation instructions.

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

unlock icon  Upgrade Now

This premium article is available to MarketBeat All Access subscribers only. Upgrade below.

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

10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Elastic (ESTC)
2.1096 of 5 stars
$110.62+0.5%N/A240.48Moderate Buy$111.26
Samsara (IOT)
0.8965 of 5 stars
$40.83-0.2%N/A-77.04Moderate Buy$32.60
Okta (OKTA)
3.6911 of 5 stars
$102.950.0%N/A-47.44Hold$101.84
Microsoft (MSFT)
4.8862 of 5 stars
$424.62+1.0%0.71%36.76Moderate Buy$454.70
Oracle (ORCL)
4.7494 of 5 stars
$123.95+0.4%1.29%32.70Moderate Buy$130.76
Adobe (ADBE)
4.9019 of 5 stars
$483.71+0.1%N/A46.24Moderate Buy$620.72
Uber Technologies (UBER)
4.9679 of 5 stars
$64.55-1.7%N/A104.11Moderate Buy$84.38
Slack Technologies (WORK)
0 of 5 stars
$45.20flatN/A-102.73N/A
Compare These Stocks  Add These Stocks to My Watchlist 


Featured Articles and Offers

Search Headlines: