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 233 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: B, Momentum: C, Sentiment: A, Safety: B, Financials: C, and AI: B.
8x8 (NASDAQ:EGHT) has a Due Diligence Score of 38, which is 8 points higher than the app industry average of 30.
EGHT passed 12 out of 33 due diligence checks and has average fundamentals. 8x8 has seen its stock return 0% over the past year, overperforming other app stocks by 50 percentage points.
8x8 has an average 1 year
price target of $3.00, an upside of 63.04% from 8x8's current stock price of $1.84.
8x8 stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst 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. Vtex (NYSE:VTEX)
Vtex (NYSE:VTEX) is the #2 top app stock out of 233 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 Vtex (NYSE:VTEX) is: Value: C, Growth: B, Momentum: C, Sentiment: A, Safety: C, Financials: B, and AI: B.
Vtex (NYSE:VTEX) has a Due Diligence Score of 48, which is 18 points higher than the app industry average of 30.
VTEX passed 15 out of 33 due diligence checks and has strong fundamentals. Vtex has seen its stock lose -43.42% over the past year, overperforming other app stocks by 7 percentage points.
Vtex has an average 1 year
price target of $4.55, an upside of 26.04% from Vtex's current stock price of $3.61.
Vtex stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Vtex, 0% have issued a Strong Buy rating, 50% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Commercecom (NASDAQ:CMRC)
The Component Grade breakdown for Commercecom (NASDAQ:CMRC) is: Value: B, Growth: A, Momentum: C, Sentiment: C, Safety: B, Financials: B, and AI: C.
Commercecom (NASDAQ:CMRC) has a Due Diligence Score of 20, which is -10 points lower than the app industry average of 30. Although this number is below the industry average, our proven quant model rates CMRC as a "A".
CMRC passed 6 out of 33 due diligence checks and has weak fundamentals. Commercecom has seen its stock lose -44.2% over the past year, overperforming other app stocks by 6 percentage points.
Commercecom has an average 1 year
price target of $5.13, an upside of 87.04% from Commercecom's current stock price of $2.74.
Commercecom stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Commercecom, 25% have issued a Strong Buy rating, 25% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 50% have issued a Strong Sell.