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. Diebold Nixdorf (NYSE:DBD)
The Component Grade breakdown for Diebold Nixdorf (NYSE:DBD) is: Value: B, Growth: A, Momentum: B, Sentiment: A, Safety: B, Financials: C, and AI: B.
Diebold Nixdorf (NYSE:DBD) has a Due Diligence Score of 42, which is 15 points higher than the app industry average of 27.
DBD passed 13 out of 33 due diligence checks and has strong fundamentals. Diebold Nixdorf has seen its stock return 81.06% over the past year, overperforming other app stocks by 117 percentage points.
Diebold Nixdorf has an average 1 year
price target of $100.00, an upside of 23.09% from Diebold Nixdorf's current stock price of $81.24.
Diebold Nixdorf stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Diebold Nixdorf, 50% have issued a Strong Buy rating, 50% 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 236 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: B, Growth: B, Momentum: C, Sentiment: A, Safety: B, Financials: B, and AI: C.
8x8 (NASDAQ:EGHT) has a Due Diligence Score of 12, which is -15 points lower than the app industry average of 27. 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 -19.08% over the past year, overperforming other app stocks by 17 percentage points.
8x8 has an average 1 year
price target of $2.75, an upside of 20.09% from 8x8's current stock price of $2.29.
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.
3. Mitek Systems (NASDAQ:MITK)
The Component Grade breakdown for Mitek Systems (NASDAQ:MITK) is: Value: B, Growth: B, Momentum: C, Sentiment: A, Safety: C, Financials: C, and AI: C.
Mitek Systems (NASDAQ:MITK) has a Due Diligence Score of 51, which is 24 points higher than the app industry average of 27.
MITK passed 16 out of 33 due diligence checks and has strong fundamentals. Mitek Systems has seen its stock return 41.17% over the past year, overperforming other app stocks by 77 percentage points.
Mitek Systems has an average 1 year
price target of $15.00, an upside of 15.12% from Mitek Systems's current stock price of $13.03.
Mitek Systems stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Mitek Systems, 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.