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 26, which is -1 points lower than the communication service sector average of 27. Although this number is below the industry average, our proven quant model rates AREN as a "A".It passed 8 out of 33 due diligence checks and has average fundamentals. Arena Group Holdings has seen its stock return 484.81% over the past year, overperforming other communication service stocks by 511 percentage points.
Arena Group Holdings has an average 1 year
price target of $12.00, an upside of 159.74% from Arena Group Holdings's current stock price of $4.62.
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 258 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 26, which is -1 points lower than the communication service sector average of 27. Although this number is below the industry average, our proven quant model rates OOMA as a "A".It passed 8 out of 33 due diligence checks and has average fundamentals. Ooma has seen its stock lose -8.42% over the past year, overperforming other communication service stocks by 17 percentage points.
Ooma has an average 1 year
price target of $20.00, an upside of 80.34% from Ooma's current stock price of $11.09.
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 258 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: B.
Nerdwallet (NASDAQ:NRDS) has a Due Diligence Score of 55, which is 28 points higher than the communication service sector average of 27. It passed 18 out of 33 due diligence checks and has strong fundamentals. Nerdwallet has seen its stock lose -13.22% over the past year, overperforming other communication service stocks by 13 percentage points.
Nerdwallet has an average 1 year
price target of $14.25, an upside of 32.31% from Nerdwallet's current stock price of $10.77.
Nerdwallet stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Nerdwallet, 75% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.