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. 8x8 (NASDAQ:EGHT)
8x8 (NASDAQ:EGHT) is the #1 top app stock out of 226 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year.
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The Component Grade breakdown for 8x8 (NASDAQ:EGHT) is: Value: A, Growth: B, Momentum: C, Sentiment: B, Safety: B, Financials: C, and AI: C.
8x8 (NASDAQ:EGHT) has a Due Diligence Score of 41, which is 10 points higher than the app industry average of 31.
EGHT passed 13 out of 33 due diligence checks and has strong fundamentals. 8x8 has seen its stock return 12.7% over the past year, overperforming other app stocks by 88 percentage points.
8x8 has an average 1 year
price target of $3.13, an upside of 46.71% from 8x8's current stock price of $2.13.
8x8 stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering 8x8, 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. Dhi Group (NYSE:DHX)
Dhi Group (NYSE:DHX) is the #2 top app stock out of 226 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year.
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The Component Grade breakdown for Dhi Group (NYSE:DHX) is: Value: C, Growth: B, Momentum: B, Sentiment: A, Safety: C, Financials: B, and AI: C.
Dhi Group (NYSE:DHX) has a Due Diligence Score of 31, which is equal to the app industry average of 31.
DHX passed 10 out of 33 due diligence checks and has average fundamentals. Dhi Group has seen its stock return 126.34% over the past year, overperforming other app stocks by 201 percentage points.
Dhi Group has an average 1 year
price target of $6.75, an upside of 45.47% from Dhi Group's current stock price of $4.64.
Dhi Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Dhi Group, 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.
3. Mitek Systems (NASDAQ:MITK)
The Component Grade breakdown for Mitek Systems (NASDAQ:MITK) is: Value: C, Growth: A, Momentum: C, Sentiment: B, Safety: C, Financials: B, and AI: C.
Mitek Systems (NASDAQ:MITK) has a Due Diligence Score of 63, which is 32 points higher than the app industry average of 31.
MITK passed 20 out of 33 due diligence checks and has strong fundamentals. Mitek Systems has seen its stock return 93.76% over the past year, overperforming other app stocks by 169 percentage points.