Free Trial
→ 3..2..1.. AI 2.0 ignition (don’t sleep on this) (From Timothy Sykes) (Ad)

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%.
  • Five 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.

Upgrade Now See Benefits

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

2025 Gold Forecast: A Perfect Storm for Demand Cover
2025 Gold Forecast: A Perfect Storm for Demand

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

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)
3.4502 of 5 stars		$85.55-0.8%N/A155.55Moderate Buy$127.48
Samsara (IOT)
3.1105 of 5 stars		$43.31-0.3%N/A-92.15Moderate Buy$48.87
Okta (OKTA)
4.1959 of 5 stars		$119.45-1.1%N/A-341.29Moderate Buy$116.80
Microsoft (MSFT)
4.764 of 5 stars		$438.73+0.1%0.76%35.32Moderate Buy$507.77
Oracle (ORCL)
4.6771 of 5 stars		$150.18-0.1%1.33%36.72Moderate Buy$174.42
Adobe (ADBE)
4.8018 of 5 stars		$383.28-0.2%N/A30.91Moderate Buy$502.88
Uber Technologies (UBER)
4.8595 of 5 stars		$82.60+0.4%N/A18.11Moderate Buy$92.69
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

5 Blowout Earnings Winners That Could Soar Even Higher
May 9, 2025

5 Blowout Earnings Winners That Could Soar Even Higher

From mega-cap leaders to under-the-radar stocks, these blowout earnings winners are gaining serious momentum heading into 2025.

Watch Video

Related Videos

5 Stocks to BUY NOW in May 2025
7 Cybersecurity Stocks Outperforming the Market Right Now
3 Tech Stocks to Buy Now—And 3 You’ll Regret Keeping

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines