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. Zedge (NYSEMKT:ZDGE)
Zedge (NYSEMKT:ZDGE) is the #1 top communication service stock out of 255 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 Zedge (NYSEMKT:ZDGE) is: Value: B, Growth: B, Momentum: C, Sentiment: A, Safety: B, Financials: B, and AI: B.
Zedge (NYSEMKT:ZDGE) has a Due Diligence Score of 18, which is -10 points lower than the communication service sector average of 28. Although this number is below the industry average, our proven quant model rates ZDGE as a "A".It passed 7 out of 38 due diligence checks and has weak fundamentals. Zedge has seen its stock return 34.57% over the past year, overperforming other communication service stocks by 64 percentage points.
2. Ooma (NYSE:OOMA)
Ooma (NYSE:OOMA) is the #2 top communication service stock out of 255 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: C, Growth: A, Momentum: C, Sentiment: A, Safety: C, Financials: C, and AI: A.
Ooma (NYSE:OOMA) has a Due Diligence Score of 42, which is 14 points higher than the communication service sector average of 28. It passed 14 out of 33 due diligence checks and has strong fundamentals. Ooma has seen its stock return 34.53% over the past year, overperforming other communication service stocks by 64 percentage points.
Ooma has an average 1 year
price target of $21.77, an upside of 23.33% from Ooma's current stock price of $17.65.
Ooma stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 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.
3. Taboolacom (NASDAQ:TBLA)
Taboolacom (NASDAQ:TBLA) is the #3 top communication service stock out of 255 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 Taboolacom (NASDAQ:TBLA) is: Value: B, Growth: B, Momentum: C, Sentiment: A, Safety: C, Financials: B, and AI: C.
Taboolacom (NASDAQ:TBLA) has a Due Diligence Score of 63, which is 35 points higher than the communication service sector average of 28. It passed 19 out of 33 due diligence checks and has strong fundamentals. Taboolacom has seen its stock return 33.52% over the past year, overperforming other communication service stocks by 63 percentage points.
Taboolacom has an average 1 year
price target of $6.25, an upside of 28.6% from Taboolacom's current stock price of $4.86.
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.