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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
MRIN
MARIN SOFTWARE INC
NASDAQ
Software - Application
$7.11M$2.360.00%-$18.82M-0.32x0.42
CRNC
CERENCE INC
NASDAQ
Software - Application
$391.32M$9.39-6.57%$50.92M-12.19x0.73
APPS
DIGITAL TURBINE INC
NASDAQ
Software - Application
$185.68M$1.82-5.21%-$91.88M-0.92x1.48
U
UNITY SOFTWARE INC
NYSE
Software - Application
$9.00B$23.32-1.06%-$264.57M-10.80x1.20
WALD
WALDENCAST PLC
NASDAQ
Software - Application
$562.76M$5.21-1.70%N/A-0.91x0.52
PRO
PROS HOLDINGS INC
NYSE
Software - Application
$1.59B$33.93-1.99%-$44.71M-27.81x-6.42
ETWO
E2OPEN PARENT HOLDINGS INC
NYSE
Software - Application
$1.25B$4.07-3.55%-$1.18B-0.94x1.00
SSNT
SILVERSUN TECHNOLOGIES INC
NASDAQ
Software - Application
$71.39M$13.433.95%-$185.11k-67.15x1.74
WK
WORKIVA INC
NYSE
Software - Application
$4.37B$79.93-0.16%-$59.32M-33.87x-14.64
DGHI
DIGIHOST TECHNOLOGY INC
NASDAQ
Software - Application
$37.90M$1.32-5.71%-$6.80M-1.71x0.44
IFBD
INFOBIRD CO LTD
NASDAQ
Software - Application
$117.62k$3.69-1.86%N/A-0.00x3.82
CXAI
CXAPP INC
NASDAQ
Software - Application
$48.97M$3.21-7.76%N/AN/A0.15
GETR
GETAROUND INC
NYSE
Software - Application
$18.26M$0.20-6.22%-$99.97M-0.16x50.66
PRST
PRESTO AUTOMATION INC
NASDAQ
Software - Application
$13.49M$0.17-1.18%-$48.24M-0.13x-1.74
RBT
RUBICON TECHNOLOGIES INC
NYSE
Software - Application
$20.96M$0.395.09%-$15.31M-0.16x-1.36
MTC
MMTEC INC
NASDAQ
Software - Application
$312.31M$3.15-12.50%-$5.25M-2.74x1.54
BCOV
BRIGHTCOVE INC
NASDAQ
Software - Application
$71.24M$1.63-1.21%-$5.16M-3.08x1.30
TGL
TREASURE GLOBAL INC
NASDAQ
Software - Application
$5.28M$4.77-4.41%-$8.88M-0.14x0.34
SGN
SIGNING DAY SPORTS INC
NYSEMKT
Software - Application
$4.79M$0.311.63%-$4.44M-0.76x1.70
RTC
BAIJIAYUN GROUP LTD
NASDAQ
Software - Application
$127.09M$1.321.54%N/A-52.80x0.81
NUKK
NUKKLEUS INC
NASDAQ
Software - Application
$1.66M$0.91-0.87%-$220.77k-5.07x-1.00
AISP
AIRSHIP AI HOLDINGS INC
NASDAQ
Software - Application
$166.82M$7.301.67%$17.30M6.08x-1.42
RNG
RINGCENTRAL INC
NYSE
Software - Application
$2.77B$30.01-0.92%$113.09M-17.25x-4.47
XTKG
X3 HOLDINGS CO LTD
NASDAQ
Software - Application
$2.60M$0.625.62%-$65.30M-0.02x0.66
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
NASDAQ
Software - Application
$2.89M$4.160.97%-$3.78M-3.01x2.41
LKCO
LUOKUNG TECHNOLOGY CORP
NASDAQ
Software - Application
$8.55M$0.49-6.15%N/A-0.19x0.99
GBTG
GLOBAL BUSINESS TRAVEL GROUP INC
NYSE
Software - Application
$2.83B$5.99-0.17%$263.00M-23.96x2.10
MLNK
MERIDIANLINK INC
NYSE
Software - Application
$1.33B$17.39-1.47%$77.39M-32.81x0.96
FRGT
FREIGHT TECHNOLOGIES INC
NASDAQ
Software - Application
$516.52k$0.915.06%N/A-0.21x2.37
RMCO
ROYALTY MANAGEMENT HOLDING CORP
NASDAQ
Software - Application
$13.78M$0.950.53%-$1.28M-6.79x0.42
EZFL
EZFILL HOLDINGS INC
NASDAQ
Software - Application
$11.12M$2.38-2.90%-$7.39M-0.85x-4.00
XTIA
XTI AEROSPACE INC
NASDAQ
Software - Application
$24.60M$2.48-2.75%-$38.24M-0.03x2.69
OMQS
OMNIQ CORP
NASDAQ
Software - Application
$3.84M$0.36-12.65%-$23.78M-0.10x-2.13
PHUN
PHUNWARE INC
NASDAQ
Software - Application
$49.29M$6.14-2.23%-$51.02M-0.28x-1.59
DBD
DIEBOLD NIXDORF INC
NYSE
Software - Application
$1.21B$32.32-1.85%N/AN/A2.90
MRT
MARTI TECHNOLOGIES INC
NYSEMKT
Software - Application
$81.56M$1.43-6.54%-$17.00M-2.13x-2.23
ISDR
ISSUER DIRECT CORP
NYSEMKT
Software - Application
$44.22M$11.59-0.52%$5.38M57.95x0.84
BNZI
BANZAI INTERNATIONAL INC
NASDAQ
Software - Application
$7.02M$0.356.06%-$8.67M-0.17x-1.17
RBRK
RUBRIK INC
NYSE
Software - Application
N/A$37.00N/A-$272.87M-6.34x-1.11
ALIT
ALIGHT INC
NYSE
Software - Application
$5.13B$9.11-0.55%$222.00M-13.01x1.35
MODN
MODEL N INC
NYSE
Software - Application
$1.16B$29.62-0.10%-$12.33M-35.26x3.14
XELA
EXELA TECHNOLOGIES INC
NASDAQ
Software - Application
$12.67M$1.991.53%$83.90M-0.09x-1.75
NVNI
NVNI GROUP LTD
NASDAQ
Software - Application
N/A$1.45-1.36%N/A-0.54x13.00
ELWS
EARLYWORKS CO LTD
NASDAQ
Software - Application
$11.05M$0.7418.93%-$2.63M-3.93x1.17
AUUD
AUDDIA INC
NASDAQ
Software - Application
$3.69M$1.68-4.00%-$5.64M-0.13x9.47
MNY
MONEYHERO LTD
NASDAQ
Software - Application
$90.56M$2.3530.56%N/A-0.05x-2.02
ENV
ENVESTNET INC
NYSE
Software - Application
$3.42B$62.360.11%-$70.51M-14.24x2.29
LDTC
LEDDARTECH HOLDINGS INC
NASDAQ
Software - Application
$63.87M$2.220.45%-$80.06M-0.02x13.16
RYDE
RYDE GROUP LTD
NYSEMKT
Software - Application
N/A$3.62-1.63%N/AN/A-1.45
MFI
MF INTERNATIONAL LTD
NASDAQ
Software - Application
N/A$10.44-0.29%N/AN/A2.09
ZPTA
ZAPATA COMPUTING HOLDINGS INC
NASDAQ
Software - Application
$47.99M$1.610.00%-$29.21M-0.28x-0.24
AILE
ILEARNINGENGINES INC
NASDAQ
Software - Application
$55.46M$6.76-3.43%-$5.20M-18.27x-1.01

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 37.21% 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 -28.32% from Full Truck Alliance Co's current stock price of $8.37.

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 5.47% over the past year, underperforming other app stocks by -22 percentage points.

Red Violet has an average 1 year price target of $25.00, an upside of 47.23% from Red Violet's current stock price of $16.98.

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 4.82% over the past year, underperforming other app stocks by -23 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 19.83% from Agilysys's current stock price of $83.45.

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 12.77%, which is 10 percentage points higher than the app industry average of 2.4%. 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 10.56%, which is 8 percentage points higher than the app industry average of 2.4%.

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 4.45%, which is 2 percentage points higher than the app industry average of 2.4%. 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 -0.71% in the last day, and up 1.52% over the last week. Omniq was the among the top losers in the software - application industry, dropping -12.65% yesterday.

OMNIQ shares are trading higher after the company announced a follow-on order for its AI-based machine vision solution for a Homeland Security project.

What are the most undervalued app stocks?

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

1. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) is the 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 -2.19% in the past year. It has underperformed other stocks in the app industry by -30 percentage points.

2. Adeia (NASDAQ:ADEA)


Adeia (NASDAQ:ADEA) is the second 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 28.48% in the past year. It has overperformed other stocks in the app industry by 1 percentage points.

3. Syla Technologies Co (NASDAQ:SYT)


Syla Technologies Co (NASDAQ:SYT) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Syla Technologies Co 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.

Syla Technologies Co's stock has dropped -73.04% in the past year. It has underperformed other stocks in the app industry by -101 percentage points.

Are app stocks a good buy now?

43.1% of app stocks rated by analysts are a buy right now. On average, analysts expect app stocks to rise by 20.35% 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 101.91x.
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.