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Sectors & IndustriesTechnologySoftware - Application
Best App Stocks to Buy Now (2022)
Top app stocks in 2022 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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Consensus
Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
KARO
KAROOOOO LTD
$639.14M$20.65$41.0098.55%Strong Buy316.35%22.75%42.34%29.48%
PUBM
PUBMATIC INC
$934.88M$17.96$33.6787.46%Buy920.71%0.30%30.53%16.42%
YALA
YALLA GROUP LTD
$639.67M$4.26$25.00486.85%Strong Buy148.29%55.56%43.13%38.44%
RIOT
RIOT BLOCKCHAIN INC
$659.30M$5.19$34.43563.37%Strong Buy748.35%224.55%10.34%9.26%
CCRD
CORECARD CORP
$205.13M$23.80$50.00110.08%Strong Buy1N/AN/AN/AN/A
APPS
DIGITAL TURBINE INC
$1.71B$17.34$40.00130.68%Strong Buy321.00%98.72%56.78%19.97%
BMTX
BM TECHNOLOGIES INC
$74.99M$6.11$21.00243.70%Strong Buy114.77%N/AN/AN/A
IS
IRONSOURCE LTD
$2.62B$2.57$9.30261.87%Strong Buy1724.92%51.19%10.70%7.90%
TSRI
TSR INC
$16.08M$7.49N/AN/AN/AN/AN/AN/AN/AN/A
GVP
GSE SYSTEMS INC
$27.95M$1.33$1.5012.78%Strong Buy1N/AN/AN/AN/A
OTEX
OPEN TEXT CORP
$10.72B$39.63$59.5050.14%Buy20.54%73.71%22.48%8.97%
NATI
NATIONAL INSTRUMENTS CORP
$4.25B$32.40$49.0051.23%Strong Buy48.61%44.07%19.77%11.52%
DV
DOUBLEVERIFY HOLDINGS INC
$4.00B$24.49$32.2931.83%Buy723.41%35.35%13.66%11.51%
PAYC
PAYCOM SOFTWARE INC
$18.47B$306.53$418.5336.54%Buy1520.57%22.24%N/AN/A
CALX
CALIX INC
$2.34B$36.14$58.1760.95%Strong Buy611.16%-93.22%5.13%3.92%
TTD
TRADE DESK INC
$24.07B$49.49$90.7183.30%Strong Buy1524.64%70.39%45.42%21.82%
ECOM
CHANNELADVISOR CORP
$449.21M$14.74$35.00137.45%Buy14.58%-76.03%7.97%6.30%
COIN
COINBASE GLOBAL INC
$13.92B$62.71$198.81217.04%Buy18-2.13%-67.09%0.85%0.27%
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
$898.04M$18.30$22.0020.22%Strong Buy26.36%92.86%22.29%10.79%
NTWK
NETSOL TECHNOLOGIES INC
$35.11M$3.12N/AN/AN/AN/AN/AN/AN/AN/A
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
$15.46B$60.66$90.4349.08%Buy75.22%19.05%24.05%7.86%
IMMR
IMMERSION CORP
$189.25M$5.63$10.0077.62%Buy1N/AN/AN/AN/A
IDEX
IDEANOMICS INC
$386.20M$0.78$3.00286.60%Strong Buy140.17%N/A16.04%14.20%
IBEX
IBEX LTD
$314.64M$17.24$19.5013.11%Strong Buy26.45%4.80%29.77%9.73%
MNDO
MIND CTI LTD
$48.76M$2.43N/AN/AN/AN/AN/AN/AN/AN/A
GLOB
GLOBANT SA
$8.23B$197.22$309.1456.75%Strong Buy725.58%37.33%20.95%15.15%
NOW
SERVICENOW INC
$100.82B$504.09$658.3230.59%Strong Buy1921.57%53.54%N/AN/A
CVLT
COMMVAULT SYSTEMS INC
$2.94B$65.99$80.7522.37%Buy67.22%29.45%21.62%6.78%
AGMH
AGM GROUP HOLDINGS INC
$40.06M$1.52N/AN/AN/AN/AN/AN/AN/AN/A
PRGS
PROGRESS SOFTWARE CORP
$2.26B$51.56$53.002.79%Buy2-2.66%30.32%N/AN/A
DT
DYNATRACE INC
$12.64B$44.08$53.7121.86%Buy823.29%76.38%12.31%6.32%
DSGX
DESCARTES SYSTEMS GROUP INC
$5.57B$65.66$77.0017.27%Buy510.14%13.57%11.53%9.62%
CDNS
CADENCE DESIGN SYSTEMS INC
$43.47B$157.62$184.3316.95%Strong Buy97.30%9.41%30.27%19.01%
MAPS
WM TECHNOLOGY INC
$628.13M$4.35$16.11270.44%Strong Buy727.04%-35.08%55.26%12.47%
SPNS
SAPIENS INTERNATIONAL CORP N V
$1.37B$24.93$31.0024.35%Hold37.31%16.86%N/AN/A
SHOP
SHOPIFY INC
$48.59B$385.23$777.16101.74%Buy2327.63%N/A7.23%5.98%
ZDGE
ZEDGE INC
$48.69M$3.24N/AN/AN/AN/AN/AN/AN/AN/A
MANT
MANTECH INTERNATIONAL CORP
$3.91B$95.58$86.60-9.40%Hold53.68%6.84%10.05%6.47%
CRM
SALESFORCE INC
$184.99B$185.92$267.5943.93%Strong Buy2815.96%56.36%7.62%4.82%
MITK
MITEK SYSTEMS INC
$407.99M$9.20$22.00139.13%Buy110.96%87.08%N/AN/A
CLSK
CLEANSPARK INC
$203.56M$4.93$11.00123.12%Strong Buy234.61%N/A37.18%35.09%
AMSWA
AMERICAN SOFTWARE INC
$561.08M$16.72$29.5076.44%Strong Buy29.32%-2.74%8.97%6.31%
PRCH
PORCH GROUP INC
$289.48M$2.92$20.22592.53%Strong Buy925.76%N/A12.00%2.49%
CMCM
CHEETAH MOBILE INC
$113.29M$0.79$1.5293.14%Sell1-34.56%N/AN/AN/A
ZI
ZOOMINFO TECHNOLOGIES INC
$15.21B$37.71$75.2799.59%Strong Buy1627.89%23.98%N/AN/A
PTC
PTC INC
$13.15B$112.44$138.6023.27%Strong Buy58.51%1.33%N/AN/A
MTLS
MATERIALISE NV
$862.93M$14.61$30.00105.34%Strong Buy22.39%-10.79%11.14%6.30%
MYSZ
MY SIZE INC
$6.12M$0.24N/AN/AStrong Buy1152.21%N/AN/AN/A
PAYA
PAYA HOLDINGS INC
$890.17M$6.74$9.3037.98%Buy59.40%564.40%25.27%9.65%
INTU
INTUIT INC
$117.80B$417.62$568.8736.22%Strong Buy156.54%5.49%21.24%12.63%
LYFT
LYFT INC
$5.69B$16.34$46.65185.51%Buy2522.56%N/AN/AN/A
PLUS
EPLUS INC
$1.47B$54.95$121.00120.20%Strong Buy15.98%-3.73%14.90%8.44%
OTMO
OTONOMO TECHNOLOGIES LTD
$153.37M$1.16$7.13514.22%Buy4378.07%N/A33.48%32.11%
AEYE
AUDIOEYE INC
$69.29M$6.03$8.0032.67%Buy227.46%N/A195.55%96.03%
CREX
CREATIVE REALITIES INC
$14.41M$0.67$2.25238.35%Strong Buy1N/AN/AN/AN/A
PCTY
PAYLOCITY HOLDING CORP
$10.21B$185.22$243.4031.41%Buy1016.50%8.85%N/AN/A
AGYS
AGILYSYS INC
$1.07B$43.37$57.5032.58%Strong Buy217.21%85.87%N/AN/A
SEAC
SEACHANGE INTERNATIONAL INC
$28.78M$0.58$3.00413.70%Strong Buy1N/AN/AN/AN/A
ACVA
ACV AUCTIONS INC
$1.09B$6.96$18.89171.39%Strong Buy924.38%N/A-23.00%-12.04%
NICE
NICE LTD
$13.04B$205.47$290.7541.50%Buy410.45%38.17%15.66%9.48%
NCNO
NCINO INC
$4.10B$37.20$51.5738.63%Strong Buy827.10%N/A-4.09%-3.31%
RDVT
RED VIOLET INC
$277.22M$20.50N/AN/AN/AN/AN/AN/AN/AN/A
ADSK
AUTODESK INC
$41.82B$192.48$267.7739.12%Strong Buy1311.99%44.44%186.01%15.33%
DCBO
DOCEBO INC
$1.07B$32.67$79.33142.83%Strong Buy329.20%N/A11.87%8.17%
LSPD
LIGHTSPEED COMMERCE INC
$3.78B$25.47$57.15124.40%Strong Buy1331.87%N/A-0.09%-0.08%
PCYG
PARK CITY GROUP INC
$85.73M$4.61$9.0095.23%Strong Buy1N/AN/AN/AN/A
SMRT
SMARTRENT INC
$1.00B$5.14$9.9994.32%Strong Buy8106.00%N/A13.62%9.77%
CRNC
CERENCE INC
$1.12B$28.41$61.22115.49%Buy96.61%56.60%N/AN/A
BLBX
BLACKBOXSTOCKS INC
$20.31M$1.54$4.50192.21%Strong Buy136.21%N/A60.99%39.03%
LAZR
LUMINAR TECHNOLOGIES INC
$2.62B$7.49$20.13168.69%Buy8111.15%N/A189.08%29.00%
DDOG
DATADOG INC
$33.86B$107.48$179.1866.71%Strong Buy1734.12%N/A13.54%5.98%
MANH
MANHATTAN ASSOCIATES INC
$7.59B$120.32$167.5039.21%Strong Buy25.47%-22.04%49.12%20.84%
API
AGORA INC
$843.54M$7.28$19.75171.29%Strong Buy216.81%N/A-14.91%-13.66%
ANY
SPHERE 3D CORP
$45.29M$0.70$10.001,324.50%Strong Buy111,388.44%N/AN/AN/A
WKME
WALKME LTD
$890.02M$10.60$22.33110.69%Strong Buy1026.48%N/A-28.36%-17.17%
MIXT
MIX TELEMATICS LTD
$189.89M$8.61$16.0085.83%Strong Buy14.17%-6.19%191.49%134.36%
ALKT
ALKAMI TECHNOLOGY INC
$1.30B$14.41$22.0052.67%Strong Buy521.90%N/A-11.37%-9.03%
CDK
CDK GLOBAL INC
$6.38B$54.66$48.00-12.18%Hold13.87%16.69%86.28%12.95%
EBIX
EBIX INC
$560.30M$18.13N/AN/AHold1N/AN/AN/AN/A
LTCH
LATCH INC
$180.96M$1.26$9.88683.73%Buy678.25%N/A-57.47%-47.40%
FROG
JFROG LTD
$2.29B$23.17$39.0068.32%Buy424.85%N/A-4.19%-3.11%
COMP
COMPASS INC
$1.74B$4.06$13.33228.40%Strong Buy317.05%N/A43.85%20.37%
BSQR
BSQUARE CORP
$26.78M$1.31N/AN/AN/AN/AN/AN/AN/AN/A
MRIN
MARIN SOFTWARE INC
$28.64M$1.84N/AN/AN/AN/AN/AN/AN/AN/A
XM
QUALTRICS INTERNATIONAL INC
$8.53B$14.64$39.90172.54%Strong Buy1023.41%N/A-45.38%-26.92%
PALT
PALTALK INC
$20.45M$2.08$12.00476.92%Strong Buy1N/AN/AN/AN/A
NXPL
NEXTPLAT CORP
$21.28M$2.29N/AN/AN/AN/AN/AN/AN/AN/A
LAW
CS DISCO INC
$1.20B$20.43$42.13106.19%Strong Buy825.21%N/A-3.37%-3.12%
AMST
AMESITE INC
$11.07M$0.43$7.001,527.91%Strong Buy1N/AN/AN/AN/A
EZFL
EZFILL HOLDINGS INC
$13.95M$0.53$3.00466.04%Strong Buy1N/AN/AN/AN/A
MTTR
MATTERPORT INC
$1.18B$4.18$14.17238.92%Strong Buy626.29%N/A-25.22%-23.04%
BMBL
BUMBLE INC
$6.01B$31.98$34.507.88%Buy1220.00%N/A22.99%9.96%
DCT
DUCK CREEK TECHNOLOGIES INC
$2.50B$18.84$30.4361.51%Buy8N/AN/AN/AN/A
KBNT
KUBIENT INC
$10.73M$0.75$4.00433.33%Strong Buy1N/AN/AN/AN/A
IDBA
IDEX BIOMETRICS ASA
$147.82M$11.23$36.00220.57%Buy1215.39%N/A7,928.63%7,084.23%
VTEX
VTEX
$688.36M$3.60$19.17432.42%Buy622.96%N/A-5.47%-4.27%
FTFT
FUTURE FINTECH GROUP INC
$29.22M$0.42N/AN/AN/AN/AN/AN/AN/AN/A
WTRH
WAITR HOLDINGS INC
$23.92M$0.15$1.881,141.72%Buy227.77%N/AN/AN/A
OLO
OLO INC
$1.62B$10.09$23.25130.43%Strong Buy424.28%N/AN/AN/A
TYL
TYLER TECHNOLOGIES INC
$14.32B$345.33$523.9151.71%Strong Buy115.38%42.54%11.27%5.70%

App Stocks FAQ

What are the best app stocks to buy right now in Jun 2022?

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

1. KAROOOOO (NASDAQ:KARO)


KAROOOOO (NASDAQ:KARO) is the top app stock with a Zen Score of 73, which is 42 points higher than the app industry average of 31. It passed 24 out of 33 due diligence checks and has strong fundamentals. KAROOOOO has seen its stock lose -42.64% over the past year, underperforming other app stocks by -1 percentage points.

KAROOOOO has an average 1 year price target of $41.00, an upside of 98.55% from KAROOOOO's current stock price of $20.65.

KAROOOOO stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering KAROOOOO, 66.67% have issued a Strong Buy rating, 33.33% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. YALLA GROUP (NYSE:YALA)


YALLA GROUP (NYSE:YALA) is the second best app stock with a Zen Score of 70, which is 39 points higher than the app industry average of 31. It passed 23 out of 33 due diligence checks and has strong fundamentals. YALLA GROUP has seen its stock lose -76.99% over the past year, underperforming other app stocks by -35 percentage points.

YALLA GROUP has an average 1 year price target of $25.00, an upside of 486.85% from YALLA GROUP's current stock price of $4.26.

YALLA GROUP stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering YALLA GROUP, 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. PUBMATIC (NASDAQ:PUBM)


PUBMATIC (NASDAQ:PUBM) is the third best app stock with a Zen Score of 70, which is 39 points higher than the app industry average of 31. It passed 23 out of 33 due diligence checks and has strong fundamentals. PUBMATIC has seen its stock lose -55.63% over the past year, underperforming other app stocks by -14 percentage points.

PUBMATIC has an average 1 year price target of $33.67, an upside of 87.46% from PUBMATIC's current stock price of $17.96.

PUBMATIC stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering PUBMATIC, 22.22% have issued a Strong Buy rating, 66.67% have issued a Buy, 11.11% 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 10.7%, which is 9 percentage points higher than the app industry average of 2.14%. 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 86.7% indicates that its high dividend yield is sustainable for the long-term.

2. NATIONAL INSTRUMENTS (NASDAQ:NATI)


NATIONAL INSTRUMENTS (NASDAQ:NATI) has an annual dividend yield of 3.4%, which is 1 percentage points higher than the app industry average of 2.14%. NATIONAL INSTRUMENTS's dividend payout is stable, having never dropped by more than 10% in the last 10 years. NATIONAL INSTRUMENTS's dividend has shown consistent growth over the last 10 years.

NATIONAL INSTRUMENTS's dividend payout ratio of 131.3% indicates that its dividend yield might not be sustainable for the long-term.

3. SAP SE (NYSE:SAP)


SAP SE (NYSE:SAP) has an annual dividend yield of 3.25%, which is 1 percentage points higher than the app industry average of 2.14%. SAP SE's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. SAP SE's dividend has shown consistent growth over the last 10 years.

Why are app stocks up?

App stocks were up 4.78% in the last day, and up 12.94% over the last week. ZENDESK was the among the top gainers in the software - application industry, gaining 27.99% yesterday.

Zendesk shares are trading higher after the company announced it will be acquired by an investor group led by Hellman & Friedman and Permira for $10.2 billion. NOTE: The stock was higher amid earlier reports of an acquisition and dipped following the announcement. The stock is still higher for the session.

What are the most undervalued app stocks?

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

1. NETSOL TECHNOLOGIES (NASDAQ:NTWK)


NETSOL TECHNOLOGIES (NASDAQ:NTWK) is the most undervalued app stock based on WallStreetZen's Valuation Score. NETSOL TECHNOLOGIES has a valuation score of 100, which is 74 points higher than the app industry average of 26. It passed 7 out of 7 valuation due diligence checks.

NETSOL TECHNOLOGIES's stock has dropped -34.32% in the past year. It has overperformed other stocks in the app industry by 8 percentage points.

2. TSR (NASDAQ:TSRI)


TSR (NASDAQ:TSRI) is the second most undervalued app stock based on WallStreetZen's Valuation Score. TSR has a valuation score of 100, which is 74 points higher than the app industry average of 26. It passed 7 out of 7 valuation due diligence checks.

TSR's stock has dropped -19.11% in the past year. It has overperformed other stocks in the app industry by 23 percentage points.

3. GSE SYSTEMS (NASDAQ:GVP)


GSE SYSTEMS (NASDAQ:GVP) is the third most undervalued app stock based on WallStreetZen's Valuation Score. GSE SYSTEMS has a valuation score of 86, which is 60 points higher than the app industry average of 26. It passed 6 out of 7 valuation due diligence checks.

GSE SYSTEMS's stock has dropped -21.3% in the past year. It has overperformed other stocks in the app industry by 21 percentage points.

Are app stocks a good buy now?

52% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 62.76% 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 25.58x.
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.