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Sectors & IndustriesTechnologySoftware - Application
Best App Stocks to Buy Now (2024)
Top app stocks in 2024 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
AGYS
AGILYSYS INC
NASDAQ
Software - Application
$2.23B$81.62-1.43%$25.15M24.51x0.51
YMM
FULL TRUCK ALLIANCE CO LTD
NYSE
Software - Application
$7.97B$7.56-2.45%$332.95M27.29x0.10
RDVT
RED VIOLET INC
NASDAQ
Software - Application
$254.28M$18.210.39%$10.86M18.77x0.08
DV
DOUBLEVERIFY HOLDINGS INC
NYSE
Software - Application
$5.17B$30.17-2.05%$144.56M70.16x0.16
HKD
AMTD DIGITAL INC
NYSE
Software - Application
$614.54M$3.212.56%$49.41M14.33x0.31
YALA
YALLA GROUP LTD
NYSE
Software - Application
$744.00M$4.66-1.89%N/A6.30x0.13
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
NASDAQ
Software - Application
$14.90B$60.280.63%$2.00B24.60x1.85
SPNS
SAPIENS INTERNATIONAL CORP N V
NASDAQ
Software - Application
$1.71B$30.77-0.10%$99.88M27.23x0.54
ZI
ZOOMINFO TECHNOLOGIES INC
NASDAQ
Software - Application
$5.79B$15.25-0.52%$514.60M56.48x2.24
KARO
KAROOOOO LTD
NASDAQ
Software - Application
$816.34M$26.38-2.31%N/A23.30x0.49
AMSWA
AMERICAN SOFTWARE INC
NASDAQ
Software - Application
$355.12M$10.69-0.65%$18.73M29.69x0.37
ADSK
AUTODESK INC
NASDAQ
Software - Application
$48.82B$228.24-0.60%$1.23B53.20x5.23
ZM
ZOOM VIDEO COMMUNICATIONS INC
NASDAQ
Software - Application
$18.23B$59.28-1.59%$957.83M27.96x0.24
KSPI
JOINT STOCK CO KASPIKZ
NASDAQ
Software - Application
$21.24B$112.200.87%N/A11.43x5.30
DDOG
DATADOG INC
NASDAQ
Software - Application
$42.13B$126.950.90%$137.38M846.33x0.94
NOW
SERVICENOW INC
NYSE
Software - Application
$152.68B$744.781.22%$1.57B87.83x1.28
TTD
TRADE DESK INC
NASDAQ
Software - Application
$40.16B$82.131.41%$328.86M221.97x1.26
DT
DYNATRACE INC
NYSE
Software - Application
$13.18B$44.52-0.93%$175.28M66.45x0.57
ANSS
ANSYS INC
NASDAQ
Software - Application
$28.44B$326.81-0.41%$795.30M56.74x0.36
UBER
UBER TECHNOLOGIES INC
NYSE
Software - Application
$153.93B$74.130.99%$3.56B79.71x2.31
CDNS
CADENCE DESIGN SYSTEMS INC
NASDAQ
Software - Application
$81.89B$300.81-0.25%$1.46B77.93x0.67
PUBM
PUBMATIC INC
NASDAQ
Software - Application
$1.09B$21.730.28%$61.42M127.82x1.35
DSGX
DESCARTES SYSTEMS GROUP INC
NASDAQ
Software - Application
$7.73B$90.904.06%$218.49M66.84x0.19
SRAD
SPORTRADAR GROUP AG
NASDAQ
Software - Application
$3.01B$10.10-0.79%$322.99M77.69x1.58
SHOP
SHOPIFY INC
NYSE
Software - Application
$88.39B$68.700.19%$255.00M687.00x0.25
WDAY
WORKDAY INC
NASDAQ
Software - Application
$68.03B$257.69-0.75%$734.00M48.80x1.04
APP
APPLOVIN CORP
NASDAQ
Software - Application
$24.73B$72.321.25%$1.15B71.60x3.27
IMMR
IMMERSION CORP
NASDAQ
Software - Application
$230.15M$7.261.68%$43.31M6.91x0.18
MNDO
MIND CTI LTD
NASDAQ
Software - Application
$37.94M$1.89-0.26%$5.72M7.25x0.29
EGAN
EGAIN CORP
NASDAQ
Software - Application
$191.27M$6.13-0.16%$10.05M26.65x0.88
INTU
INTUIT INC
NASDAQ
Software - Application
$171.20B$611.49-0.10%$4.46B61.89x0.76
NICE
NICE LTD
NASDAQ
Software - Application
$14.55B$231.46-0.05%$602.59M43.51x0.53
ALKT
ALKAMI TECHNOLOGY INC
NASDAQ
Software - Application
$2.31B$23.841.19%-$44.85M-35.58x0.23
TSRI
TSR INC
NASDAQ
Software - Application
$16.73M$7.71-1.22%$2.78M8.66x0.39
PERF
PERFECT CORP
NYSE
Software - Application
$252.58M$2.48-2.75%$6.26M49.60x0.22
DCBO
DOCEBO INC
NASDAQ
Software - Application
$1.34B$44.162.03%-$750.00k490.67x2.12
SURG
SURGEPAYS INC
NASDAQ
Software - Application
$70.60M$3.66-2.14%$20.06M2.52x0.48
APPF
APPFOLIO INC
NASDAQ
Software - Application
$7.70B$214.58-0.52%$36.63M2,682.25x0.38
SAP
SAP SE
NYSE
Software - Application
$210.75B$180.560.18%$7.83B31.58x0.58
ROP
ROPER TECHNOLOGIES INC
NASDAQ
Software - Application
$56.40B$526.98-0.24%$1.96B40.60x0.62
PEGA
PEGASYSTEMS INC
NASDAQ
Software - Application
$4.93B$58.720.44%$121.06M71.61x3.27
OTEX
OPEN TEXT CORP
NASDAQ
Software - Application
$9.38B$34.47-0.72%$1.53B73.34x3.08
LSPD
LIGHTSPEED COMMERCE INC
NYSE
Software - Application
$1.97B$12.84-0.62%-$133.66M-9.51x0.07
PCTY
PAYLOCITY HOLDING CORP
NASDAQ
Software - Application
$8.96B$159.00-3.03%$298.68M53.00x3.55
ALRM
ALARMCOM HOLDINGS INC
NASDAQ
Software - Application
$3.23B$64.68-1.66%$144.87M39.68x1.04
FRSH
FRESHWORKS INC
NASDAQ
Software - Application
$5.15B$17.301.17%-$103.89M-36.81x0.36
PAYC
PAYCOM SOFTWARE INC
NYSE
Software - Application
$10.94B$190.15-1.34%$588.27M32.17x2.22
VTEX
VTEX
NYSE
Software - Application
$1.37B$7.44-0.53%$37.80M-101.92x0.42
MTLS
MATERIALISE NV
NASDAQ
Software - Application
$288.25M$4.88-1.81%$34.66M41.36x0.68
MANH
MANHATTAN ASSOCIATES INC
NASDAQ
Software - Application
$14.23B$231.160.29%$219.42M80.83x1.42
PLUS
EPLUS INC
NASDAQ
Software - Application
$2.07B$76.61-0.08%$200.48M16.13x0.82
CXM
SPRINKLR INC
NYSE
Software - Application
$3.10B$11.34-0.09%$84.34M59.68x0.80
YOU
CLEAR SECURE INC
NYSE
Software - Application
$2.86B$18.992.04%$27.94M61.26x2.90
FROG
JFROG LTD
NASDAQ
Software - Application
$3.99B$37.490.11%-$30.76M-63.54x0.43
NCNO
NCINO INC
NASDAQ
Software - Application
$3.42B$29.94-3.54%$13.18M-78.79x0.27
MKTW
MARKETWISE INC
NASDAQ
Software - Application
$520.65M$1.58-0.63%$4.64M26.33x-61.86
TRAK
REPOSITRAK INC
NYSE
Software - Application
$276.97M$15.21-2.62%$7.60M52.45x0.10
PRGS
PROGRESS SOFTWARE CORP
NASDAQ
Software - Application
$2.19B$50.721.32%$127.57M31.90x2.35
HKIT
HITEK GLOBAL INC
NASDAQ
Software - Application
$16.34M$1.141.34%$1.96M14.19x0.25
IDN
INTELLICHECK INC
NASDAQ
Software - Application
$67.14M$3.460.00%-$1.99M-34.60x0.38
CCRD
CORECARD CORP
NYSE
Software - Application
$109.00M$13.1423.73%$10.75M32.85x0.21
TROO
TROOPS INC
NASDAQ
Software - Application
$112.77M$1.11-9.02%$1.63M-111.00x0.12
MNDY
MONDAYCOM LTD
NASDAQ
Software - Application
$9.19B$187.921.99%-$29.56M-4,698.00x0.57
DUOL
DUOLINGO INC
NASDAQ
Software - Application
$8.50B$198.171.33%$24.87M508.13x0.46
FRGE
FORGE GLOBAL HOLDINGS INC
NYSE
Software - Application
$321.30M$1.79-6.77%-$85.72M-3.44x0.16
NXPL
NEXTPLAT CORP
NASDAQ
Software - Application
$27.90M$1.490.68%-$1.14M-6.77x0.51
WFCF
WHERE FOOD COMES FROM INC
NASDAQ
Software - Application
$65.85M$12.004.35%$3.70M30.77x0.51
CALX
CALIX INC
NYSE
Software - Application
$1.92B$29.37-0.17%$41.68M66.75x0.31
PET
WAG! GROUP CO
NASDAQ
Software - Application
$83.60M$2.07-0.48%-$3.80M-5.91x27.37
RUM
RUMBLE INC
NASDAQ
Software - Application
$2.34B$6.05-0.82%-$114.07M-10.43x0.18
SYT
SYLA TECHNOLOGIES CO LTD
NASDAQ
Software - Application
$70.04M$2.701.50%N/A18.12x3.07
VMEO
VIMEO INC
NASDAQ
Software - Application
$604.96M$3.602.27%$35.19M27.69x0.63
SEZL
SEZZLE INC
NASDAQ
Software - Application
$339.06M$60.19-7.70%$24.53M47.39x8.62
LAW
CS DISCO INC
NYSE
Software - Application
$470.78M$7.71-0.26%-$35.70M-11.01x0.16
RSKD
RISKIFIED LTD
NYSE
Software - Application
$874.91M$4.90-0.81%-$66.31M-14.85x0.22
GRAB
GRAB HOLDINGS LTD
NASDAQ
Software - Application
$12.86B$3.27-1.21%-$330.00M-29.73x0.36
BRZE
BRAZE INC
NASDAQ
Software - Application
$4.05B$40.17-0.64%-$120.25M-30.43x0.83
ENFN
ENFUSION INC
NYSE
Software - Application
$1.19B$9.271.20%$23.48M132.43x0.59
SMRT
SMARTRENT INC
NYSE
Software - Application
$511.71M$2.511.62%-$36.64M-14.76x0.49
MTTR
MATTERPORT INC
NASDAQ
Software - Application
$559.63M$1.80-2.70%-$179.46M-2.73x0.09
SEMR
SEMRUSH HOLDINGS INC
NYSE
Software - Application
$1.72B$11.92-0.91%$15.38M1,192.00x0.49
FSLY
FASTLY INC
NYSE
Software - Application
$1.69B$12.63-3.81%-$34.55M-12.26x0.56
AI
C3AI INC
NYSE
Software - Application
$2.50B$20.50-1.63%-$256.54M-8.80x0.19
OLO
OLO INC
NYSE
Software - Application
$783.58M$4.84-0.62%-$44.84M-13.44x0.14
DSP
VIANT TECHNOLOGY INC
NASDAQ
Software - Application
$556.66M$8.860.34%$6.80M-38.52x1.91
TEAM
ATLASSIAN CORP
NASDAQ
Software - Application
$50.55B$194.851.57%-$154.53M-130.77x3.92
INLX
INTELLINETICS INC
NYSEMKT
Software - Application
$29.45M$7.165.14%$2.12M55.08x0.95
PALT
PALTALK INC
NASDAQ
Software - Application
$35.60M$3.866.34%-$822.69k-32.17x0.19
ULY
URGENTLY INC
NASDAQ
Software - Application
$21.73M$1.62-1.22%$121.05M0.06x11.62
DJCO
DAILY JOURNAL CORP
NASDAQ
Software - Application
$470.12M$341.401.01%$24.79M28.96x0.68
RMNI
RIMINI STREET INC
NASDAQ
Software - Application
$260.66M$2.900.69%$54.06M10.00x-10.97
ASUR
ASURE SOFTWARE INC
NASDAQ
Software - Application
$181.26M$7.10-1.11%$15.81M-16.90x1.32
PDFS
PDF SOLUTIONS INC
NASDAQ
Software - Application
$1.23B$31.930.95%$13.41M399.13x0.27
PTC
PTC INC
NASDAQ
Software - Application
$21.35B$178.620.43%$622.86M89.31x1.23
KVYO
KLAVIYO INC
NYSE
Software - Application
$6.23B$23.831.58%-$280.39M-18.76x0.19
PCOR
PROCORE TECHNOLOGIES INC
NYSE
Software - Application
$10.58B$72.990.25%-$101.74M-54.47x0.64
GTLB
GITLAB INC
NASDAQ
Software - Application
$8.53B$53.860.06%-$153.58M-19.59x1.23
NRDY
NERDY INC
NYSE
Software - Application
$458.61M$2.642.33%-$36.67M-6.44x0.75
MYSZ
MY SIZE INC
NASDAQ
Software - Application
$2.44M$0.4811.11%-$6.48M-0.19x0.90
KLTR
KALTURA INC
NASDAQ
Software - Application
$174.77M$1.221.67%-$33.94M-3.59x5.06

App Stocks FAQ

What are the best app stocks to buy right now in Apr 2024?

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

1. Full Truck Alliance Co (NYSE:YMM)


Full Truck Alliance Co (NYSE:YMM) is the top app stock with a Zen Score of 68, which is 40 points higher than the app industry average of 28. It passed 22 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 5.44% over the past year, underperforming other app stocks by -14 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -20.63% from Full Truck Alliance Co's current stock price of $7.56.

Full Truck Alliance Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Full Truck Alliance Co, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the second best app stock with a Zen Score of 68, which is 40 points higher than the app industry average of 28. It passed 22 out of 33 due diligence checks and has strong fundamentals. Agilysys has seen its stock lose -4.57% over the past year, underperforming other app stocks by -24 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 22.52% from Agilysys's current stock price of $81.62.

Agilysys stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Agilysys, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Red Violet (NASDAQ:RDVT)


Red Violet (NASDAQ:RDVT) is the third best app stock with a Zen Score of 66, which is 38 points higher than the app industry average of 28. It passed 21 out of 33 due diligence checks and has strong fundamentals. Red Violet has seen its stock return 11.17% over the past year, underperforming other app stocks by -8 percentage points.

Red Violet has an average 1 year price target of $25.00, an upside of 37.29% from Red Violet's current stock price of $18.21.

Red Violet stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Red Violet, 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.

What are the app stocks with highest dividends?

Out of 18 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 12.73%, which is 10 percentage points higher than the app industry average of 2.41%. 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 not shown consistent growth over the last 10 years.

Mind Cti's dividend payout ratio of 92.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Marketwise (NASDAQ:MKTW)


Marketwise (NASDAQ:MKTW) has an annual dividend yield of 10.76%, which is 8 percentage points higher than the app industry average of 2.41%.

Marketwise's dividend payout ratio of 300% indicates that its high dividend yield might not be sustainable for the long-term.

3. Upbound Group (NASDAQ:UPBD)


Upbound Group (NASDAQ:UPBD) has an annual dividend yield of 4.58%, which is 2 percentage points higher than the app industry average of 2.41%. Upbound Group's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Upbound Group's dividend has shown consistent growth over the last 10 years.

Upbound Group's dividend payout ratio of -1,544.4% indicates that its dividend yield might not be sustainable for the long-term.

Why are app stocks down?

App stocks were down -0.52% in the last day, and down -6.44% over the last week. Cxapp was the among the top losers in the software - application industry, dropping -7.57% yesterday.

CXApp share are trading higher after the company announced 24% ARR growth in 2023.

What are the most undervalued app stocks?

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

1. SS&C Technologies Holdings (NASDAQ:SSNC)


SS&C Technologies Holdings (NASDAQ:SSNC) is the most undervalued app stock based on WallStreetZen's Valuation Score. SS&C Technologies Holdings has a valuation score of 86, which is 66 points higher than the app industry average of 20. It passed 6 out of 7 valuation due diligence checks.

SS&C Technologies Holdings's stock has gained 4.38% in the past year. It has underperformed other stocks in the app industry by -15 percentage points.

2. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Mind Cti has a valuation score of 71, which is 51 points higher than the app industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Mind Cti's stock has dropped -4.31% in the past year. It has underperformed other stocks in the app industry by -24 percentage points.

3. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Agilysys has a valuation score of 71, which is 51 points higher than the app industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Agilysys's stock has dropped -4.57% in the past year. It has underperformed other stocks in the app industry by -24 percentage points.

Are app stocks a good buy now?

41.52% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 18.29% 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 99.33x.
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.