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. 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

7 Stocks to Buy And Hold Forever Cover

Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Elastic (ESTC)
2.3701 of 5 stars
$107.00-0.3%N/A232.61Moderate Buy$111.26
Samsara (IOT)
0.8761 of 5 stars
$38.28-1.8%N/A-72.22Moderate Buy$32.60
Okta (OKTA)
3.2862 of 5 stars
$98.56-0.7%N/A-45.42Hold$100.39
Microsoft (MSFT)
4.9131 of 5 stars
$409.34-1.0%0.73%35.44Moderate Buy$452.61
Oracle (ORCL)
4.8519 of 5 stars
$117.89-0.4%1.36%31.11Moderate Buy$130.76
Adobe (ADBE)
4.8295 of 5 stars
$492.27-0.3%N/A47.06Moderate Buy$620.72
Uber Technologies (UBER)
4.8022 of 5 stars
$70.41-1.5%N/A81.87Moderate Buy$81.65
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

Skip Nvidia: Finding AI Stocks Beyond the Buzz

Skip Nvidia: Finding AI Stocks Beyond the Buzz

Under-the-radar opportunities that could redefine your investment strategy. Nate Bear shares his unique approach to trading AI stocks, insights into sectors ripe for AI integration, and highlights pot

Search Headlines: