11 Best Breakout Stocks to Buy According to Analysts

3. Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Stock Upside Potential as of May 2: 79.43%

Number of Hedge Fund Holders: 16

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) is a software infrastructure company that provides digital cloud fax technology and interoperability solutions. It offers eFax Corporate, a digital cloud fax technology; EFax for use by public sector customers with extremely high-security demands. It is one of the best breakout stocks to buy, according to analysts, amid the growing demand for cloud solutions.

Growth in the company’s corporate business unit continues to offset a slowdown in the SoHo Business. While revenue in Q4 2024 was down by about 0.8% to $87.0 million, Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) was still able to post an 8% increase in net income to $18.1 million. The company is increasingly bolstering its financial position, having reduced its outstanding debt by $20.1 million in Q4 2024.

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) also returned value by repurchasing $0.3 million worth of common stock. It also invested $7.98 million in property and equipment as it looks to unlock new growth opportunities. Analysts at Oppenheimer maintained a Buy rating on the stock with a $32 price target.