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 communication stocks to buy right now are:
1. Ooma (NYSE:OOMA)
Ooma (NYSE:OOMA) is the #1 top communication service stock out of 252 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year.
Learn more.
The Component Grade breakdown for Ooma (NYSE:OOMA) is: Value: C, Growth: A, Momentum: C, Sentiment: B, Safety: C, Financials: B, and AI: B.
Ooma (NYSE:OOMA) has a Due Diligence Score of 47, which is 20 points higher than the communication service sector average of 27. It passed 16 out of 33 due diligence checks and has strong fundamentals. Ooma has seen its stock return 71.11% over the past year, overperforming other communication service stocks by 109 percentage points.
Ooma has an average 1 year
price target of $23.50, an upside of 13.69% from Ooma's current stock price of $20.67.
Ooma stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Ooma, 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. Taboolacom (NASDAQ:TBLA)
Taboolacom (NASDAQ:TBLA) is the #2 top communication service stock out of 252 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year.
Learn more.
The Component Grade breakdown for Taboolacom (NASDAQ:TBLA) is: Value: B, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: B, and AI: C.
Taboolacom (NASDAQ:TBLA) has a Due Diligence Score of 55, which is 28 points higher than the communication service sector average of 27. It passed 17 out of 33 due diligence checks and has strong fundamentals. Taboolacom has seen its stock return 47.49% over the past year, overperforming other communication service stocks by 85 percentage points.
Taboolacom has an average 1 year
price target of $6.25, an upside of 18.37% from Taboolacom's current stock price of $5.28.
Taboolacom stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Taboolacom, 75% have issued a Strong Buy rating, 25% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Meridian Holdings (NASDAQ:MRDN)
The Component Grade breakdown for Meridian Holdings (NASDAQ:MRDN) is: Value: C, Growth: A, Momentum: C, Sentiment: B, Safety: C, Financials: B, and AI: D.
Meridian Holdings (NASDAQ:MRDN) has a Due Diligence Score of 18, which is -9 points lower than the communication service sector average of 27. Although this number is below the industry average, our proven quant model rates MRDN as a "A".It passed 6 out of 33 due diligence checks and has weak fundamentals. Meridian Holdings has seen its stock lose -34.87% over the past year, overperforming other communication service stocks by 3 percentage points.