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. Arena Group Holdings (NYSEMKT:AREN)
The Component Grade breakdown for Arena Group Holdings (NYSEMKT:AREN) is: Value: B, Growth: B, Momentum: B, Sentiment: A, Safety: C, Financials: B, and AI: C.
Arena Group Holdings (NYSEMKT:AREN) has a Due Diligence Score of 29, which is 1 points higher than the communication service sector average of 28. It passed 9 out of 33 due diligence checks and has average fundamentals. Arena Group Holdings has seen its stock return 777.17% over the past year, overperforming other communication service stocks by 803 percentage points.
Arena Group Holdings has an average 1 year
price target of $12.00, an upside of 115.44% from Arena Group Holdings's current stock price of $5.57.
Arena Group Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Arena Group Holdings, 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. Ooma (NYSE:OOMA)
Ooma (NYSE:OOMA) is the #2 top communication service stock out of 257 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 Ooma (NYSE:OOMA) is: Value: B, Growth: B, Momentum: C, Sentiment: B, Safety: C, Financials: A, and AI: C.
Ooma (NYSE:OOMA) has a Due Diligence Score of 28, which is equal to the communication service sector average of 28. It passed 9 out of 33 due diligence checks and has average fundamentals. Ooma has seen its stock lose -6.1% over the past year, overperforming other communication service stocks by 20 percentage points.
Ooma has an average 1 year
price target of $20.00, an upside of 78.09% from Ooma's current stock price of $11.23.
Ooma stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst 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.
3. Nerdwallet (NASDAQ:NRDS)
Nerdwallet (NASDAQ:NRDS) is the #3 top communication service stock out of 257 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 Nerdwallet (NASDAQ:NRDS) is: Value: B, Growth: B, Momentum: C, Sentiment: C, Safety: C, Financials: B, and AI: C.
Nerdwallet (NASDAQ:NRDS) has a Due Diligence Score of 48, which is 20 points higher than the communication service sector average of 28. It passed 16 out of 33 due diligence checks and has strong fundamentals. Nerdwallet has seen its stock lose -20.56% over the past year, overperforming other communication service stocks by 5 percentage points.
Nerdwallet has an average 1 year
price target of $15.33, an upside of 31.39% from Nerdwallet's current stock price of $11.67.
Nerdwallet stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Nerdwallet, 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.