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. Corecard (NYSE:CCRD)
Corecard (NYSE:CCRD) 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 Corecard (NYSE:CCRD) is: Value: C, Growth: B, Momentum: B, Sentiment: A, Safety: C, Financials: B, and AI: C.
Corecard (NYSE:CCRD) has a Due Diligence Score of 40, which is 13 points higher than the app industry average of 27.
CCRD passed 12 out of 33 due diligence checks and has average fundamentals. Corecard has seen its stock return 95.71% over the past year, overperforming other app stocks by 91 percentage points.
Corecard has an average 1 year
price target of $21.00, a downside of -25.8% from Corecard's current stock price of $28.30.
Corecard stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Corecard, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Pegasystems (NASDAQ:PEGA)
The Component Grade breakdown for Pegasystems (NASDAQ:PEGA) is: Value: C, Growth: A, Momentum: B, Sentiment: A, Safety: C, Financials: A, and AI: C.
Pegasystems (NASDAQ:PEGA) has a Due Diligence Score of 48, which is 21 points higher than the app industry average of 27.
PEGA passed 19 out of 38 due diligence checks and has strong fundamentals. Pegasystems has seen its stock return 72.65% over the past year, overperforming other app stocks by 68 percentage points.
Pegasystems has an average 1 year
price target of $112.50, an upside of 13.82% from Pegasystems's current stock price of $98.84.
Pegasystems stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Pegasystems, 50% have issued a Strong Buy rating, 30% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Red Violet (NASDAQ:RDVT)
The Component Grade breakdown for Red Violet (NASDAQ:RDVT) is: Value: C, Growth: C, Momentum: B, Sentiment: A, Safety: C, Financials: A, and AI: C.
Red Violet (NASDAQ:RDVT) has a Due Diligence Score of 39, which is 12 points higher than the app industry average of 27.
RDVT passed 13 out of 33 due diligence checks and has average fundamentals. Red Violet has seen its stock return 101.18% over the past year, overperforming other app stocks by 97 percentage points.