According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best software stocks to buy right now are:
1. Expensify (NASDAQ:EXFY)
Expensify (NASDAQ:EXFY) is the #1 top app stock out of 245 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Expensify (NASDAQ:EXFY) is: Value: B, Growth: A, Momentum: C, Sentiment: A, Safety: C, Financials: B, and AI: C.
Expensify (NASDAQ:EXFY) has a Due Diligence Score of 28, which is equal to the app industry average of 28.
EXFY passed 8 out of 33 due diligence checks and has average fundamentals. Expensify has seen its stock return 62.94% over the past year, overperforming other app stocks by 76 percentage points.
Expensify has an average 1 year
price target of $5.00, an upside of 80.51% from Expensify's current stock price of $2.77.
Expensify stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Expensify, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. 8x8 (NASDAQ:EGHT)
8x8 (NASDAQ:EGHT) is the #2 top app stock out of 245 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for 8x8 (NASDAQ:EGHT) is: Value: A, Growth: A, Momentum: C, Sentiment: B, Safety: B, Financials: B, and AI: B.
8x8 (NASDAQ:EGHT) has a Due Diligence Score of 13, which is -15 points lower than the app industry average of 28. Although this number is below the industry average, our proven quant model rates EGHT as a "A".
EGHT passed 4 out of 33 due diligence checks and has weak fundamentals. 8x8 has seen its stock lose -25.91% over the past year, underperforming other app stocks by -12 percentage points.
8x8 has an average 1 year
price target of $2.74, an upside of 68.28% from 8x8's current stock price of $1.63.
8x8 stock has a consensus Hold recommendation according to Wall Street analysts. Of the 7 analysts covering 8x8, 28.57% have issued a Strong Buy rating, 14.29% have issued a Buy, 14.29% have issued a hold, while 14.29% have issued a Sell rating, and 28.57% have issued a Strong Sell.
3. Adeia (NASDAQ:ADEA)
Adeia (NASDAQ:ADEA) is the #3 top app stock out of 245 with a Zen Rating of A. Stocks with a rating of A have had an average return of +32.52% per year.
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The Component Grade breakdown for Adeia (NASDAQ:ADEA) is: Value: B, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: A, and AI: B.
Adeia (NASDAQ:ADEA) has a Due Diligence Score of 23, which is -5 points lower than the app industry average of 28. Although this number is below the industry average, our proven quant model rates ADEA as a "A".
ADEA passed 8 out of 38 due diligence checks and has weak fundamentals. Adeia has seen its stock return 18.05% over the past year, overperforming other app stocks by 32 percentage points.
Adeia has an average 1 year
price target of $18.33, an upside of 55.76% from Adeia's current stock price of $11.77.
Adeia stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Adeia, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.