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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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
YMM
FULL TRUCK ALLIANCE CO LTD
$9.29B6.30%5.80%6.43%9.30%0.107.3351.20%26.20%27.50%
RDVT
RED VIOLET INC
$236.97M16.70%15.60%2.84%18.40%0.088.2678.30%22.50%4.16%
AGYS
AGILYSYS INC
$2.27B60.30%31.30%7.90%34.70%0.512.0160.60%37.50%8.84%
DV
DOUBLEVERIFY HOLDINGS INC
$5.24B7.30%6.30%8.36%28.40%0.166.3681.40%12.50%16.93%
YALA
YALLA GROUP LTD
$753.08M22.70%20.00%21.30%64.10%0.137.5664.10%36.80%37.64%
ZI
ZOOMINFO TECHNOLOGIES INC
$6.24B4.70%1.50%6.97%8.20%2.241.3585.60%8.70%35.01%
HKD
AMTD DIGITAL INC
$645.17M9.80%7.80%9.08%11.80%0.312.29100.00%126.20%143.40%
SPNS
SAPIENS INTERNATIONAL CORP N V
$1.76B14.60%9.40%14.51%41.80%0.542.1142.70%12.10%15.24%
KARO
KAROOOOO LTD
$921.69M26.10%17.10%32.10%51.20%0.491.3863.60%16.70%24.88%
ADSK
AUTODESK INC
$46.37B77.50%10.00%20.51%51.00%5.230.7590.60%17.20%20.39%
AMSWA
AMERICAN SOFTWARE INC
$339.18M8.90%6.40%10.90%90.90%0.372.3062.00%10.90%12.98%
ZM
ZOOM VIDEO COMMUNICATIONS INC
$19.47B8.80%6.90%10.19%14.40%0.244.5076.20%14.10%18.38%
KSPI
JOINT STOCK CO KASPIKZ
$21.98B88.70%14.10%N/A18.90%5.30N/A64.90%44.00%53.02%
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
$15.30B9.80%3.70%9.30%16.50%1.851.0748.20%11.00%24.21%
NOW
SERVICENOW INC
$147.84B25.30%11.30%10.06%11.80%1.281.0678.60%19.30%11.24%
TTD
TRADE DESK INC
$41.32B8.60%4.00%8.39%12.50%1.261.7281.20%9.20%10.25%
DDOG
DATADOG INC
$42.83B2.80%1.40%2.27%2.30%0.943.1780.70%2.30%3.13%
UBER
UBER TECHNOLOGIES INC
$139.96B20.50%5.30%9.35%13.50%2.311.2039.80%5.10%7.33%
DT
DYNATRACE INC
$13.77B11.20%7.00%5.90%-148.50%0.571.3481.40%14.40%8.83%
DSGX
DESCARTES SYSTEMS GROUP INC
$7.98B9.80%8.10%12.00%-262.10%0.192.0575.90%20.20%26.62%
SHOP
SHOPIFY INC
$93.25B1.60%1.20%1.78%2.20%0.256.9949.80%1.90%2.62%
SRAD
SPORTRADAR GROUP AG
$2.87B4.30%2.20%4.28%2,035.00%1.581.2676.50%3.90%9.22%
WDAY
WORKDAY INC
$65.68B20.50%9.60%3.12%4.20%1.041.9775.60%19.00%4.90%
APP
APPLOVIN CORP
$24.96B24.60%6.50%14.86%16.70%3.271.7167.70%10.80%19.99%
PUBM
PUBMATIC INC
$1.16B3.00%1.40%3.33%4.90%1.351.4862.80%3.30%3.93%
ANSS
ANSYS INC
$28.70B10.00%7.40%9.94%38.40%0.362.3188.00%22.00%28.16%
MNDO
MIND CTI LTD
$38.24M23.10%16.60%20.35%42.70%0.294.4150.30%23.90%25.57%
IMMR
IMMERSION CORP
$229.83M19.70%16.60%21.85%28.80%0.188.93100.00%100.20%126.52%
EGAN
EGAIN CORP
$195.95M11.00%5.70%11.67%-32.50%0.881.9870.60%7.30%8.80%
INTU
INTUIT INC
$178.74B16.10%9.60%15.35%45.50%0.761.1779.10%18.40%23.87%
APPF
APPFOLIO INC
$8.62B27.20%19.40%18.35%29.70%0.295.4763.30%11.40%10.45%
NICE
NICE LTD
$14.17B10.50%6.80%10.89%20.10%0.532.0667.70%14.20%18.31%
ALKT
ALKAMI TECHNOLOGY INC
$2.34B-19.40%-13.70%-15.40%-24.00%0.233.7754.40%-23.80%-20.95%
TSRI
TSR INC
$16.80M11.30%8.00%14.08%35.20%0.393.3717.60%2.20%2.89%
OTEX
OPEN TEXT CORP
$9.65B3.10%0.80%4.92%6.90%3.081.3871.70%2.20%11.65%
DCBO
DOCEBO INC
$1.41B2.20%1.10%-6.74%10.10%2.121.2680.90%1.60%-2.15%
SURG
SURGEPAYS INC
$73.11M105.50%49.80%64.85%128.80%0.482.6326.00%15.00%13.82%
ROP
ROPER TECHNOLOGIES INC
$54.96B8.20%5.00%7.63%31.10%0.620.5069.70%22.40%31.14%
ALRM
ALARMCOM HOLDINGS INC
$3.32B12.30%5.80%8.06%11.70%1.045.4663.10%9.20%11.56%
LSPD
LIGHTSPEED COMMERCE INC
$2.06B-8.40%-7.80%-9.96%-232.00%0.076.2243.20%-23.80%-28.33%
PCTY
PAYLOCITY HOLDING CORP
$8.88B19.20%4.20%21.63%47.90%3.551.1168.90%13.00%17.91%
CDNS
CADENCE DESIGN SYSTEMS INC
$76.88B32.20%19.10%30.69%67.00%0.601.3289.30%25.70%32.03%
PLUS
EPLUS INC
$2.12B15.30%8.00%18.31%28.50%0.821.9325.60%5.90%8.16%
VTEX
VTEX
$1.36B-5.40%-4.00%12.42%15.70%0.423.4569.80%-6.80%16.27%
PAYC
PAYCOM SOFTWARE INC
$11.12B24.90%8.40%28.52%40.00%2.221.1183.70%20.10%28.01%
MTLS
MATERIALISE NV
$316.01M3.00%1.80%3.66%6.90%0.641.9156.80%2.60%3.92%
SYT
SYLA TECHNOLOGIES CO LTD
$46.43M8.00%1.80%3.04%2.20%3.074.0719.60%2.40%4.01%
NCNO
NCINO INC
$3.36B-4.10%-3.20%-3.25%-36.40%0.271.1759.80%-8.90%-7.68%
CXM
SPRINKLR INC
$3.29B8.10%4.70%8.47%12.80%0.801.9775.50%7.00%8.26%
MKTW
MARKETWISE INC
$514.06M-12.90%0.40%-5.82%1.00%-61.860.7287.30%0.40%-0.29%
YOU
CLEAR SECURE INC
$2.65B10.50%2.60%-0.04%0.00%2.901.4062.30%4.60%-0.03%
FRSH
FRESHWORKS INC
$5.49B-13.00%-9.70%-10.96%-17.10%0.364.1482.70%-23.00%-20.75%
PRGS
PROGRESS SOFTWARE CORP
$2.17B15.50%4.40%8.87%15.70%2.350.9581.40%9.70%15.33%
PEGA
PEGASYSTEMS INC
$5.17B28.90%5.60%21.93%10.40%2.871.0273.90%5.30%7.13%
SAP
SAP SE
$214.46B5.60%3.40%7.61%17.90%0.691.2572.30%7.50%12.89%
IDN
INTELLICHECK INC
$62.09M-11.40%-8.70%-13.17%-49.50%0.382.2092.70%-10.50%-12.04%
HKIT
HITEK GLOBAL INC
$21.73M5.00%3.70%5.95%8.70%0.257.3542.10%23.00%41.82%
CCRD
CORECARD CORP
$100.46M6.30%5.20%8.28%15.00%0.214.6634.70%6.10%8.03%
MNDY
MONDAYCOM LTD
$9.43B-0.30%-0.20%-4.49%24.60%0.572.8288.90%-0.30%-5.29%
MANH
MANHATTAN ASSOCIATES INC
$12.92B85.30%31.30%74.34%1,096.10%1.821.2053.60%19.90%23.39%
DUOL
DUOLINGO INC
$9.82B2.60%1.90%2.63%-30.50%0.463.2473.20%3.00%3.35%
FROG
JFROG LTD
$4.35B-9.40%-6.70%-7.67%-14.70%0.432.4678.00%-17.50%-15.58%
FRGE
FORGE GLOBAL HOLDINGS INC
$341.05M-31.70%-27.90%-33.44%-551.80%0.166.7499.40%-129.20%-137.24%
WFCF
WHERE FOOD COMES FROM INC
$67.99M19.40%12.50%23.07%37.60%0.512.0941.90%8.60%12.21%
NXPL
NEXTPLAT CORP
$23.22M-12.80%-8.00%-7.31%-35.40%0.513.0730.00%-10.00%-9.72%
TRAK
REPOSITRAK INC
$299.73M11.60%10.50%13.72%442.60%0.106.4583.10%26.70%31.88%
PET
WAG! GROUP CO
$91.47M-293.60%-27.30%-20.52%-24.30%27.371.7393.50%-15.90%-6.92%
LAW
CS DISCO INC
$473.23M-20.60%-18.00%-19.93%-109.20%0.168.3274.70%-30.50%-30.08%
RUM
RUMBLE INC
$2.68B-40.80%-34.70%-45.66%-2,317.90%0.187.09-80.50%-143.80%-147.86%
VMEO
VIMEO INC
$615.04M6.10%3.60%6.54%-16.70%0.631.5578.10%5.30%6.21%
SEZL
SEZZLE INC
$307.91M40.60%4.00%93.31%32.10%8.621.1275.40%4.50%14.86%
KVYO
KLAVIYO INC
$5.94BN/AN/A-32.04%N/A0.196.1574.50%-44.20%-43.98%
SMRT
SMARTRENT INC
$489.29M-10.00%-6.60%-11.03%-93.00%0.492.9020.90%-14.60%-18.27%
GRAB
GRAB HOLDINGS LTD
$13.77B-6.80%-5.10%-6.49%-10.70%0.363.9036.50%-18.40%-20.14%
ENFN
ENFUSION INC
$1.22B11.10%5.70%7.46%9.80%0.593.4467.00%3.50%3.79%
BRZE
BRAZE INC
$4.36B-29.40%-17.00%-24.39%-27.40%0.832.0868.70%-27.40%-26.96%
SEMR
SEMRUSH HOLDINGS INC
$1.80B0.50%0.30%1.96%3.00%0.492.8183.00%0.30%1.51%
MTTR
MATTERPORT INC
$1.47B-36.30%-33.30%-37.32%-53.10%0.099.5644.70%-126.20%-126.08%
RSKD
RISKIFIED LTD
$924.91M-12.00%-9.90%-14.28%-41.80%0.227.6351.20%-19.80%-25.54%
KLTR
KALTURA INC
$177.64M-136.40%-25.10%-46.11%-57.10%5.061.1264.10%-26.50%-22.07%
FSLY
FASTLY INC
$1.74B-13.70%-8.00%-9.38%-11.30%0.563.1452.60%-26.30%-25.55%
AI
C3AI INC
$2.82B-29.60%-25.10%-28.35%-34.90%0.198.4858.90%-91.70%-91.32%
OLO
OLO INC
$798.15M-8.70%-7.70%-8.69%-33.70%0.145.8460.90%-25.50%-25.34%
TEAM
ATLASSIAN CORP
$46.09B-18.70%-3.70%-1.61%-9.30%3.461.1881.90%-3.90%-1.00%
PTC
PTC INC
$21.60B8.90%3.80%9.02%21.10%1.231.1979.10%10.90%22.01%
CRM
SALESFORCE INC
$267.47B7.10%4.40%6.76%24.50%0.671.0975.50%11.90%14.20%
INLX
INTELLINETICS INC
$29.21M5.60%2.70%7.56%12.00%0.951.1462.60%3.10%6.56%
RDDT
REDDIT INC
N/AN/AN/A-5.95%N/A-0.3811.0886.20%-11.30%-10.82%
ULY
URGENTLY INC
$22.94M-47.60%119.20%132.53%328.30%11.623.4720.50%40.50%64.66%
DSP
VIANT TECHNOLOGY INC
$530.90M-5.40%-0.90%-4.01%-12.10%1.913.13100.00%-1.50%-5.33%
PALT
PALTALK INC
$34.08M-5.30%-4.40%-8.32%90.00%0.194.7170.50%-9.70%-15.73%
DJCO
DAILY JOURNAL CORP
$465.85M7.90%4.50%7.60%6.40%0.6810.0386.10%22.70%34.34%
PCOR
PROCORE TECHNOLOGIES INC
$10.16B-16.90%-10.70%-14.90%-87.20%0.641.4981.60%-20.00%-19.63%
RMNI
RIMINI STREET INC
$248.08M-46.40%7.10%81.51%340.30%-10.970.8662.30%6.00%10.84%
ASUR
ASURE SOFTWARE INC
$191.73M-5.40%-2.20%-2.37%-10.00%1.321.1171.80%-7.70%-4.04%
PDFS
PDF SOLUTIONS INC
$1.21B1.40%1.10%2.03%4.70%0.273.8968.80%1.90%2.94%
TROO
TROOPS INC
$116.84M-2.80%-2.50%-2.74%-2.80%0.162.2621.70%-48.20%-50.35%
DOCU
DOCUSIGN INC
$11.73B8.00%2.30%7.67%25.40%1.630.9479.30%2.70%3.64%
GTLB
GITLAB INC
$8.77B-63.60%-34.60%-24.42%-35.30%1.231.9489.70%-73.10%-27.61%
NRDY
NERDY INC
$470.77M-90.80%-31.90%-48.74%1,037.90%0.752.6770.60%-20.80%-22.46%

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 41 points higher than the app industry average of 27. It passed 22 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 35.69% over the past year, overperforming other app stocks by 10 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -31.97% from Full Truck Alliance Co's current stock price of $8.82.

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. Red Violet (NASDAQ:RDVT)


Red Violet (NASDAQ:RDVT) is the second best app stock with a Zen Score of 66, which is 39 points higher than the app industry average of 27. It passed 21 out of 33 due diligence checks and has strong fundamentals. Red Violet has seen its stock return 1.25% over the past year, underperforming other app stocks by -24 percentage points.

Red Violet has an average 1 year price target of $25.00, an upside of 47.32% from Red Violet's current stock price of $16.97.

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.

3. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the third best app stock with a Zen Score of 64, which is 37 points higher than the app industry average of 27. It passed 21 out of 33 due diligence checks and has strong fundamentals. Agilysys has seen its stock return 5.2% over the past year, underperforming other app stocks by -20 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 20.45% from Agilysys's current stock price of $83.02.

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.

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 12.63%, which is 10 percentage points higher than the app industry average of 2.39%. 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 10.9%, which is 9 percentage points higher than the app industry average of 2.39%.

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 4.48%, which is 2 percentage points higher than the app industry average of 2.39%. 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 up?

App stocks were up 0.15% in the last day, and up 1.29% over the last week. Dave was the among the top gainers in the software - application industry, gaining 10.34% yesterday.

Dave shares are trading higher after JMP Securities initiated coverage on the stock with a Market Outperform rating and $70 price target.

What are the most undervalued app stocks?

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

1. Adeia (NASDAQ:ADEA)


Adeia (NASDAQ:ADEA) is the most undervalued app stock based on WallStreetZen's Valuation Score. Adeia has a valuation score of 71, which is 52 points higher than the app industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Adeia's stock has gained 34.29% in the past year. It has overperformed other stocks in the app industry by 9 percentage points.

2. Red Violet (NASDAQ:RDVT)


Red Violet (NASDAQ:RDVT) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Red Violet has a valuation score of 71, which is 52 points higher than the app industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Red Violet's stock has gained 1.25% in the past year. It has underperformed other stocks in the app industry by -24 percentage points.

3. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Mind Cti has a valuation score of 71, which is 52 points higher than the app industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Mind Cti's stock has dropped -1.55% in the past year. It has underperformed other stocks in the app industry by -27 percentage points.

Are app stocks a good buy now?

43.68% of app stocks rated by analysts are a buy right now. On average, analysts expect app stocks to rise by 19.7% 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 92x.
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.