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 251 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: B, Sentiment: B, Safety: C, Financials: B, and AI: C.
Ooma (NYSE:OOMA) has a Due Diligence Score of 44, which is 17 points higher than the communication service sector average of 27. It passed 15 out of 33 due diligence checks and has strong fundamentals. Ooma has seen its stock return 98.29% over the past year, overperforming other communication service stocks by 163 percentage points.
Ooma has an average 1 year
price target of $23.50, an upside of 6.96% from Ooma's current stock price of $21.97.
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. Meridian Holdings (NASDAQ:MRDN)
The Component Grade breakdown for Meridian Holdings (NASDAQ:MRDN) is: Value: C, Growth: A, Momentum: C, Sentiment: A, Safety: C, Financials: B, and AI: D.
Meridian Holdings (NASDAQ:MRDN) has a Due Diligence Score of 16, which is -11 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 5 out of 33 due diligence checks and has weak fundamentals. Meridian Holdings has seen its stock lose -14.78% over the past year, overperforming other communication service stocks by 50 percentage points.
3. Mediaalpha (NYSE:MAX)
Mediaalpha (NYSE:MAX) is the #3 top communication service stock out of 251 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 Mediaalpha (NYSE:MAX) is: Value: B, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: A, and AI: C.
Mediaalpha (NYSE:MAX) has a Due Diligence Score of 32, which is 5 points higher than the communication service sector average of 27. It passed 10 out of 33 due diligence checks and has average fundamentals. Mediaalpha has seen its stock return 17.65% over the past year, overperforming other communication service stocks by 82 percentage points.
Mediaalpha has an average 1 year
price target of $14.33, an upside of 6.96% from Mediaalpha's current stock price of $13.40.
Mediaalpha stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Mediaalpha, 33.33% have issued a Strong Buy rating, 33.33% have issued a Buy, 33.33% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.