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Sectors & IndustriesTechnologySoftware - Application
Best App Stocks to Buy Now (2023)
Top app stocks in 2023 ranked by overall Zen Score. See the best app stocks to buy now, according to analyst forecasts for the software - application industry.

Industry: Software - Application
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
GLOB
GLOBANT SA
NYSE
Software - Application
$7.12B$170.110.14%N/A51.08x0.37
APPS
DIGITAL TURBINE INC
NASDAQ
Software - Application
$1.66B$16.78-2.89%$157.51M30.51x1.36
OTEX
OPEN TEXT CORP
NASDAQ
Software - Application
$9.43B$34.850.43%$1.09B29.53x1.72
PAYA
PAYA HOLDINGS INC
NASDAQ
Software - Application
$1.29B$9.730.00%$58.70M139.00x1.63
PUBM
PUBMATIC INC
NASDAQ
Software - Application
$836.33M$15.91-2.21%$91.40M18.50x1.06
DV
DOUBLEVERIFY HOLDINGS INC
NYSE
Software - Application
$4.59B$27.840.54%$85.97M81.88x0.19
PRGS
PROGRESS SOFTWARE CORP
NASDAQ
Software - Application
$2.43B$56.02-1.15%$145.83M25.58x2.54
CCRD
CORECARD CORP
NYSE
Software - Application
$290.80M$34.16-0.20%$25.09M18.98x0.22
PAYC
PAYCOM SOFTWARE INC
NYSE
Software - Application
$19.79B$329.69-2.30%$433.93M76.49x2.08
CDNS
CADENCE DESIGN SYSTEMS INC
NASDAQ
Software - Application
$51.00B$185.910.03%$1.17B64.55x0.84
ESMT
ENGAGESMART INC
NYSE
Software - Application
$3.24B$19.60-1.41%$34.31M245.00x0.10
DCBO
DOCEBO INC
NASDAQ
Software - Application
$1.30B$39.50-1.94%$3.69M329.17x0.44
YALA
YALLA GROUP LTD
NYSE
Software - Application
$779.06M$5.024.37%N/A9.13x0.14
INTU
INTUIT INC
NASDAQ
Software - Application
$116.58B$414.99-2.07%$3.39B62.69x0.69
DSGX
DESCARTES SYSTEMS GROUP INC
NASDAQ
Software - Application
$6.50B$76.670.50%$190.65M70.99x0.20
ZDGE
ZEDGE INC
NYSEMKT
Software - Application
$39.15M$2.651.15%$11.13M4.91x0.26
NATI
NATIONAL INSTRUMENTS CORP
NASDAQ
Software - Application
$6.92B$53.00-0.93%$263.09M50.00x1.00
AGMH
AGM GROUP HOLDINGS INC
NASDAQ
Software - Application
$43.49M$1.65-0.60%$25.52M1.90x2.88
NOW
SERVICENOW INC
NYSE
Software - Application
$92.41B$455.22-3.60%$859.00M282.75x1.64
IBEX
IBEX LTD
NASDAQ
Software - Application
$475.28M$26.20-4.10%$66.57M19.70x1.70
TSRI
TSR INC
NASDAQ
Software - Application
$20.68M$9.723.08%$2.28M15.93x0.57
PTC
PTC INC
NASDAQ
Software - Application
$15.43B$131.350.61%$573.41M49.19x1.04
AMSWA
AMERICAN SOFTWARE INC
NASDAQ
Software - Application
$514.20M$15.24-2.93%$16.88M49.16x0.37
SPNS
SAPIENS INTERNATIONAL CORP N V
NASDAQ
Software - Application
$1.26B$22.87-1.89%$89.95M23.58x0.70
MNDO
MIND CTI LTD
NASDAQ
Software - Application
$48.45M$2.410.46%$6.19M8.93x0.35
RIOT
RIOT PLATFORMS INC
NASDAQ
Software - Application
$1.12B$6.68-2.34%-$328.64M-2.26x0.12
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
NASDAQ
Software - Application
$839.15M$17.10-2.01%$67.00M26.72x0.93
KARO
KAROOOOO LTD
NASDAQ
Software - Application
$793.90M$25.65-0.85%$78.48M25.07x0.45
PCTY
PAYLOCITY HOLDING CORP
NASDAQ
Software - Application
$12.17B$218.29-0.32%$146.75M126.18x4.81
OTMO
OTONOMO TECHNOLOGIES LTD
NASDAQ
Software - Application
$77.24M$0.55-6.44%-$102.98M-0.90x0.14
NICE
NICE LTD
NASDAQ
Software - Application
$14.43B$217.24-1.46%$492.83M55.28x0.58
MANH
MANHATTAN ASSOCIATES INC
NASDAQ
Software - Application
$9.05B$144.77-3.36%$164.78M70.62x1.51
DDOG
DATADOG INC
NASDAQ
Software - Application
$24.44B$76.96-3.15%$66.97M-1,539.20x1.17
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
NASDAQ
Software - Application
$15.29B$60.69-1.51%$1.81B22.39x1.87
IDEX
IDEANOMICS INC
NASDAQ
Software - Application
$96.94M$0.17-7.03%-$283.53M-0.27x0.33
PRCH
PORCH GROUP INC
NASDAQ
Software - Application
$350.94M$3.49-3.32%-$100.41M-2.46x8.32
ZI
ZOOMINFO TECHNOLOGIES INC
NASDAQ
Software - Application
$11.59B$28.72-1.20%$278.60M41.62x2.21
MAPS
WM TECHNOLOGY INC
NASDAQ
Software - Application
$206.48M$1.410.71%$31.75M3.28x1.95
VCSA
VACASA INC
NASDAQ
Software - Application
$766.63M$1.75-6.42%-$4.16M1.17x1.62
PLUS
EPLUS INC
NASDAQ
Software - Application
$1.42B$52.67-1.97%$165.89M13.82x0.94
MTLS
MATERIALISE NV
NASDAQ
Software - Application
$623.13M$10.55-4.95%$35.72M89.41x0.76
MITK
MITEK SYSTEMS INC
NASDAQ
Software - Application
$462.89M$10.36-2.91%$27.42M69.07x1.11
ADSK
AUTODESK INC
NASDAQ
Software - Application
$47.11B$218.34-2.38%$1.00B76.61x8.53
MYSZ
MY SIZE INC
NASDAQ
Software - Application
$4.47M$2.750.00%-$8.29M-0.33x0.48
CALX
CALIX INC
NYSE
Software - Application
$3.43B$52.39-0.17%$67.44M68.93x0.34
AGYS
AGILYSYS INC
NASDAQ
Software - Application
$2.09B$83.050.07%$17.06M193.14x1.20
BMBL
BUMBLE INC
NASDAQ
Software - Application
$5.04B$26.79-0.22%$155.87M167.44x0.73
FRSH
FRESHWORKS INC
NASDAQ
Software - Application
$4.68B$16.270.06%-$209.87M1.53x0.29
CVLT
COMMVAULT SYSTEMS INC
NASDAQ
Software - Application
$2.83B$63.63-1.56%$46.46M181.80x2.19
CRM
SALESFORCE INC
NYSE
Software - Application
$169.05B$169.05-1.16%$4.12B650.19x0.55
NCNO
NCINO INC
NASDAQ
Software - Application
$3.22B$29.02-4.85%-$76.06M-35.83x0.25
SEAC
SEACHANGE INTERNATIONAL INC
NASDAQ
Software - Application
$24.59M$0.490.00%-$14.10M-1.69x0.34
BSQR
BSQUARE CORP
NASDAQ
Software - Application
$27.03M$1.322.25%-$3.03M-7.76x0.21
LSPD
LIGHTSPEED COMMERCE INC
NYSE
Software - Application
$2.55B$16.911.99%-$998.04M-2.29x0.07
MIXT
MIX TELEMATICS LTD
NYSE
Software - Application
$183.96M$8.33-4.47%$26.21M33.32x0.58
PCYG
PARK CITY GROUP INC
NASDAQ
Software - Application
$112.70M$6.131.24%$5.73M30.63x0.13
SSTI
SHOTSPOTTER INC
NASDAQ
Software - Application
$457.59M$37.52-0.82%$12.67M113.70x0.90
DT
DYNATRACE INC
NYSE
Software - Application
$13.39B$46.33-1.86%$146.04M463.30x0.65
OLO
OLO INC
NYSE
Software - Application
$1.35B$8.27-3.73%-$38.57M-37.59x0.10
LAZR
LUMINAR TECHNOLOGIES INC
NASDAQ
Software - Application
$2.87B$7.903.13%-$353.34M-7.45x16.28
AMST
AMESITE INC
NASDAQ
Software - Application
$11.51M$0.381.33%-$7.40M-1.15x0.09
API
AGORA INC
NASDAQ
Software - Application
$462.32M$3.99-0.75%-$89.66M-2.22x0.09
SMRT
SMARTRENT INC
NYSE
Software - Application
$610.91M$3.08-2.53%-$102.96M-102.67x0.44
IMMR
IMMERSION CORP
NASDAQ
Software - Application
$233.59M$7.23-0.55%$18.19M19.54x0.20
AEYE
AUDIOEYE INC
NASDAQ
Software - Application
$77.57M$6.7413.28%-$11.01M-5.66x1.22
CLSK
CLEANSPARK INC
NASDAQ
Software - Application
$249.56M$3.48-0.85%-$7.09M-2.58x0.12
RDVT
RED VIOLET INC
NASDAQ
Software - Application
$334.42M$24.070.00%$7.02M2,407.00x0.06
ACVA
ACV AUCTIONS INC
NASDAQ
Software - Application
$1.71B$10.78-3.41%-$91.21M-16.09x0.80
FTFT
FUTURE FINTECH GROUP INC
NASDAQ
Software - Application
$30.42M$2.080.48%-$10.27M-2.77x0.22
ANSS
ANSYS INC
NASDAQ
Software - Application
$23.73B$272.43-1.02%$705.62M50.64x0.36
RMNI
RIMINI STREET INC
NASDAQ
Software - Application
$436.98M$4.95-1.98%$26.51M5.89x-5.42
DSP
VIANT TECHNOLOGY INC
NASDAQ
Software - Application
$281.86M$4.580.88%$6.54M-8.48x1.58
WETG
WETRADE GROUP INC
NASDAQ
Software - Application
$59.88M$0.312.33%-$6.60M-7.68x0.10
OCFT
ONECONNECT FINANCIAL TECHNOLOGY CO LTD
NYSE
Software - Application
$258.30M$6.69-1.33%-$151.45MN/A1.54
TEAM
ATLASSIAN CORP
NASDAQ
Software - Application
$44.18B$172.371.81%-$105.80M-124.91x5.26
CIH
CHINA INDEX HOLDINGS LTD
NASDAQ
Software - Application
$84.82M$0.94-0.42%N/A3.53x3.37
CPTN
CEPTON INC
NASDAQ
Software - Application
$197.08M$1.26-3.82%$16.71M-9.69x1.64
RSKD
RISKIFIED LTD
NYSE
Software - Application
$1.07B$6.300.00%-$113.25M19.69x0.22
IDBA
IDEX BIOMETRICS ASA
NASDAQ
Software - Application
$75.16M$5.69-11.23%-$32.04M-1.52x0.26
MTTR
MATTERPORT INC
NASDAQ
Software - Application
$1.04B$3.62-1.09%-$200.45M-4.26x0.09
LAW
CS DISCO INC
NYSE
Software - Application
$505.36M$8.56-1.38%-$56.54M-8.48x0.14
PALT
PALTALK INC
NASDAQ
Software - Application
$38.22M$4.0912.52%-$2.34M-12.39x0.20
XM
QUALTRICS INTERNATIONAL INC
NASDAQ
Software - Application
$9.70B$16.42-0.30%-$968.40M-8.42x0.64
EBIX
EBIX INC
NASDAQ
Software - Application
$606.95M$19.64-3.25%$155.33M8.36x1.37
FROG
JFROG LTD
NASDAQ
Software - Application
$2.53B$25.21-5.37%-$63.77M-27.40x0.36
VTEX
VTEX
NYSE
Software - Application
$816.82M$4.26-2.52%-$36.06M-12.99x0.28
STNE
STONECO LTD
NASDAQ
Software - Application
$3.18B$10.17-4.95%$513.54M-11.76x2.13
SHOP
SHOPIFY INC
NYSE
Software - Application
$65.60B$51.57-2.57%-$3.41B-20.26x0.29
DGHI
DIGIHOST TECHNOLOGY INC
NASDAQ
Software - Application
$45.36M$1.63-9.44%$10.78M11.64x0.12
BLND
BLEND LABS INC
NYSE
Software - Application
$499.18M$2.102.44%-$667.20M-0.64x1.58
NRDY
NERDY INC
NYSE
Software - Application
$479.24M$2.95-11.41%-$2.70M-29.50x1.16
WDAY
WORKDAY INC
NASDAQ
Software - Application
$47.22B$183.73-1.14%$187.14M-146.98x1.29
TTD
TRADE DESK INC
NASDAQ
Software - Application
$25.62B$52.34-1.43%$80.61M-2,617.00x1.05
MRIN
MARIN SOFTWARE INC
NASDAQ
Software - Application
$21.11M$1.311.55%-$17.44M-1.11x0.30
MTC
MMTEC INC
NASDAQ
Software - Application
$2.35M$0.750.00%-$7.16M-0.27x0.20
ASAN
ASANA INC
NYSE
Software - Application
$3.41B$16.04-3.78%-$369.42M-7.71x1.41
MLNK
MERIDIANLINK INC
NYSE
Software - Application
$1.38B$17.100.71%$83.47M244.29x0.83
INPX
INPIXON
NASDAQ
Software - Application
$15.22M$1.15-3.36%-$80.84M-0.02x0.65
GTLB
GITLAB INC
NASDAQ
Software - Application
$7.52B$50.23-3.77%-$174.80M-51.78x0.40
SAP
SAP SE
NYSE
Software - Application
$147.08B$119.72-0.75%$10.12B56.21x0.73

App Stocks FAQ

What are the best app stocks to buy right now in Feb 2023?

According to Zen Score, the 3 best software stocks to buy right now are:

1. Globant Sa (NYSE:GLOB)


Globant Sa (NYSE:GLOB) is the top app stock with a Zen Score of 61, which is 34 points higher than the app industry average of 27. It passed 21 out of 33 due diligence checks and has strong fundamentals. Globant Sa has seen its stock lose -31.67% over the past year, underperforming other app stocks by -4 percentage points.

Globant Sa has an average 1 year price target of $231.00, an upside of 35.79% from Globant Sa's current stock price of $170.11.

Globant Sa stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Globant Sa, 85.71% have issued a Strong Buy rating, 14.29% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Digital Turbine (NASDAQ:APPS)


Digital Turbine (NASDAQ:APPS) is the second best app stock with a Zen Score of 57, which is 30 points higher than the app industry average of 27. It passed 19 out of 33 due diligence checks and has strong fundamentals. Digital Turbine has seen its stock lose -62.54% over the past year, underperforming other app stocks by -35 percentage points.

Digital Turbine has an average 1 year price target of $24.75, an upside of 47.5% from Digital Turbine's current stock price of $16.78.

Digital Turbine stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Digital Turbine, 25% have issued a Strong Buy rating, 50% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Open Text (NASDAQ:OTEX)


Open Text (NASDAQ:OTEX) is the third best app stock with a Zen Score of 55, which is 28 points higher than the app industry average of 27. It passed 20 out of 38 due diligence checks and has strong fundamentals. Open Text has seen its stock lose -20.34% over the past year, overperforming other app stocks by 7 percentage points.

Open Text has an average 1 year price target of $36.75, an upside of 5.45% from Open Text's current stock price of $34.85.

Open Text stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Open Text, 0% have issued a Strong Buy rating, 25% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the app stocks with highest dividends?

Out of 17 app stocks that have issued dividends in the past year, the 3 app stocks with the highest dividend yields are:

1. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) has an annual dividend yield of 10.79%, which is 9 percentage points higher than the app industry average of 2.21%. Mind Cti's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Mind Cti's dividend has shown consistent growth over the last 10 years.

Mind Cti's dividend payout ratio of 96.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Magic Software Enterprises (NASDAQ:MGIC)


Magic Software Enterprises (NASDAQ:MGIC) has an annual dividend yield of 2.96%, which is 1 percentage points higher than the app industry average of 2.21%. Magic Software Enterprises's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Magic Software Enterprises's dividend has shown consistent growth over the last 10 years.

Magic Software Enterprises's dividend payout ratio of 79.1% indicates that its dividend yield is sustainable for the long-term.

3. Mix Telematics (NYSE:MIXT)


Mix Telematics (NYSE:MIXT) has an annual dividend yield of 2.94%, which is 1 percentage points higher than the app industry average of 2.21%. Mix Telematics's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Mix Telematics's dividend has not shown consistent growth over the last 10 years.

Mix Telematics's dividend payout ratio of 102% indicates that its dividend yield might not be sustainable for the long-term.

Why are app stocks down?

App stocks were down -1.39% in the last day, and up 4.78% over the last week. Cuentas was the among the top losers in the software - application industry, dropping -15.36% yesterday.

Cuentas shares are trading lower after the company announced a $5 million registered direct offering priced at $1.32 per share.

What are the most undervalued app stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued app stocks right now are:

1. Open Text (NASDAQ:OTEX)


Open Text (NASDAQ:OTEX) is the most undervalued app stock based on WallStreetZen's Valuation Score. Open Text has a valuation score of 86, which is 64 points higher than the app industry average of 22. It passed 6 out of 7 valuation due diligence checks.

Open Text's stock has dropped -20.34% in the past year. It has overperformed other stocks in the app industry by 7 percentage points.

2. Agm Group Holdings (NASDAQ:AGMH)


Agm Group Holdings (NASDAQ:AGMH) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Agm Group Holdings has a valuation score of 71, which is 49 points higher than the app industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Agm Group Holdings's stock has dropped -4.07% in the past year. It has overperformed other stocks in the app industry by 24 percentage points.

3. China Index Holdings (NASDAQ:CIH)


China Index Holdings (NASDAQ:CIH) is the third most undervalued app stock based on WallStreetZen's Valuation Score. China Index Holdings has a valuation score of 71, which is 49 points higher than the app industry average of 22. It passed 5 out of 7 valuation due diligence checks.

China Index Holdings's stock has dropped -8.93% in the past year. It has overperformed other stocks in the app industry by 19 percentage points.

Are app stocks a good buy now?

41.56% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 20.91% over the next year.

What is the average p/e ratio of the software - application industry?

The average P/E ratio of the software - application industry is 47.75x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.