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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
AGYS
AGILYSYS INC
$2.18B$79.58$100.0025.66%Buy112.46%N/AN/AN/A
RDVT
RED VIOLET INC
$249.52M$17.90N/AN/AN/AN/AN/AN/AN/AN/A
HKD
AMTD DIGITAL INC
$744.72M$3.89N/AN/AN/AN/AN/AN/AN/AN/A
KARO
KAROOOOO LTD
$765.11M$24.72$30.0021.36%Strong Buy27.45%28.87%N/AN/A
ZI
ZOOMINFO TECHNOLOGIES INC
$6.49B$17.08$21.5025.88%Buy177.61%128.52%N/AN/A
TTD
TRADE DESK INC
$40.13B$82.08$93.3713.76%Strong Buy1422.64%42.91%N/AN/A
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
$15.80B$63.82$67.004.98%Buy75.18%55.47%N/AN/A
DV
DOUBLEVERIFY HOLDINGS INC
$7.07B$41.61$43.464.43%Strong Buy1124.73%41.83%N/AN/A
ZM
ZOOM VIDEO COMMUNICATIONS INC
$18.68B$61.35$78.3827.75%Hold163.11%66.03%N/AN/A
CRM
SALESFORCE INC
$274.48B$283.55$281.57-0.70%Strong Buy3011.91%37.33%N/AN/A
ADSK
AUTODESK INC
$54.02B$252.52$241.39-4.41%Buy1310.85%37.83%N/AN/A
YALA
YALLA GROUP LTD
$780.30M$4.86N/AN/AN/AN/AN/AN/AN/AN/A
SURG
SURGEPAYS INC
$100.81M$7.09N/AN/AN/AN/AN/AN/AN/AN/A
NOW
SERVICENOW INC
$153.33B$747.94$798.756.79%Strong Buy2020.61%N/AN/AN/A
DSGX
DESCARTES SYSTEMS GROUP INC
$7.24B$85.07$92.208.38%Buy513.70%N/AN/AN/A
IMMR
IMMERSION CORP
$219.06M$6.88N/AN/AN/AN/AN/AN/AN/AN/A
TSRI
TSR INC
$18.21M$8.50N/AN/AN/AN/AN/AN/AN/AN/A
WDAY
WORKDAY INC
$78.63B$298.96$281.35-5.89%Buy2618.04%74.26%N/AN/A
SPNS
SAPIENS INTERNATIONAL CORP N V
$1.70B$30.49$34.0011.51%Hold27.00%26.55%N/AN/A
PUBM
PUBMATIC INC
$820.32M$16.16$17.005.20%Buy112.56%501.66%N/AN/A
ANSS
ANSYS INC
$28.60B$328.63$316.00-3.84%Hold58.54%32.55%N/AN/A
EGAN
EGAIN CORP
$181.91M$5.83$9.5062.95%Buy2-2.72%N/AN/AN/A
CALX
CALIX INC
$2.23B$33.81$48.5043.45%Strong Buy4-6.54%N/AN/AN/A
CDNS
CADENCE DESIGN SYSTEMS INC
$79.16B$290.76$321.7110.65%Strong Buy712.64%N/AN/AN/A
INTU
INTUIT INC
$178.67B$638.27$612.43-4.05%Strong Buy2110.95%18.91%N/AN/A
PCTY
PAYLOCITY HOLDING CORP
$9.77B$173.45$194.2511.99%Buy1211.76%-14.27%N/AN/A
MIXT
MIX TELEMATICS LTD
$198.56M$8.96$8.00-10.71%Buy12.74%55.54%N/AN/A
SHOP
SHOPIFY INC
$97.25B$75.59$72.87-3.60%Buy1519.91%110.29%N/AN/A
MANH
MANHATTAN ASSOCIATES INC
$14.87B$241.58$241.25-0.14%Strong Buy49.80%N/AN/AN/A
UBER
UBER TECHNOLOGIES INC
$158.73B$76.44$79.594.12%Strong Buy2216.19%42.13%N/AN/A
PEGA
PEGASYSTEMS INC
$5.28B$62.92$60.00-4.64%Buy76.49%N/AN/AN/A
AMSWA
AMERICAN SOFTWARE INC
$369.68M$10.82$16.0047.87%Strong Buy1-16.40%3.03%N/AN/A
PLUS
EPLUS INC
$2.07B$76.98$70.00-9.07%Hold12.82%-22.95%N/AN/A
OTEX
OPEN TEXT CORP
$10.35B$38.04$44.7517.64%Buy44.52%614.89%N/AN/A
DT
DYNATRACE INC
$14.66B$49.54$65.3931.98%Strong Buy1311.86%-19.89%N/AN/A
ALRM
ALARMCOM HOLDINGS INC
$3.45B$68.94$66.00-4.26%Buy36.97%N/AN/AN/A
DCBO
DOCEBO INC
$1.46B$45.94$51.0011.01%Buy325.51%178.06%N/AN/A
MNDO
MIND CTI LTD
$43.05M$2.13N/AN/AN/AN/AN/AN/AN/AN/A
PET
WAG! GROUP CO
$82.42M$2.10N/AN/AN/AN/A30.48%N/AN/AN/A
FRSH
FRESHWORKS INC
$6.06B$20.33$25.5025.43%Buy1418.88%N/AN/AN/A
YMM
FULL TRUCK ALLIANCE CO LTD
$6.65B$6.33N/AN/AN/AN/A26.63%N/AN/AN/A
PAYC
PAYCOM SOFTWARE INC
$10.48B$182.02$191.825.38%Hold1112.00%17.67%N/AN/A
NICE
NICE LTD
$14.33B$225.89$264.2917.00%Buy714.80%36.50%N/AN/A
APPF
APPFOLIO INC
$8.15B$227.36$240.405.74%Strong Buy523.15%N/AN/AN/A
ROP
ROPER TECHNOLOGIES INC
$58.65B$549.02$583.506.28%Strong Buy89.86%-19.81%N/AN/A
MTLS
MATERIALISE NV
$326.05M$5.52N/AN/AN/AN/AN/AN/A10.68%6.37%
TRAK
REPOSITRAK INC
$244.19M$13.41N/AN/AN/AN/AN/AN/AN/AN/A
FROG
JFROG LTD
$4.31B$40.50$40.00-1.23%Strong Buy922.45%N/AN/AN/A
PTC
PTC INC
$21.12B$176.62$200.4413.49%Strong Buy910.47%48.88%N/AN/A
ALKT
ALKAMI TECHNOLOGY INC
$2.38B$24.98$25.572.37%Buy728.35%N/AN/AN/A
SAP
SAP SE
$205.12B$175.92$192.509.42%Strong Buy49.92%-39.19%N/AN/A
SMRT
SMARTRENT INC
$587.12M$2.89$4.2346.47%Strong Buy349.57%N/AN/AN/A
NCNO
NCINO INC
$3.35B$29.63$34.8917.77%Buy917.22%N/AN/AN/A
MNDY
MONDAYCOM LTD
$10.15B$207.98$214.603.18%Strong Buy1027.48%N/AN/AN/A
VTEX
VTEX
$1.33B$7.17$8.6320.29%Strong Buy426.96%N/A3.77%2.75%
TROO
TROOPS INC
$198.62M$1.96N/AN/AN/AN/AN/AN/AN/AN/A
CCRD
CORECARD CORP
$97.91M$11.60N/AN/AN/AN/A-15.87%N/AN/AN/A
PDFS
PDF SOLUTIONS INC
$1.32B$34.50$44.0027.54%Strong Buy121.65%N/AN/AN/A
NXPL
NEXTPLAT CORP
$30.33M$1.62N/AN/AN/AN/AN/AN/AN/AN/A
ADEA
ADEIA INC
$1.27B$11.86$16.0034.91%Strong Buy1N/AN/AN/AN/A
LSPD
LIGHTSPEED COMMERCE INC
$2.02B$13.20$18.8142.52%Buy816.71%N/AN/AN/A
DJCO
DAILY JOURNAL CORP
$450.40M$327.08N/AN/AN/AN/AN/AN/AN/AN/A
SYT
SYLA TECHNOLOGIES CO LTD
$91.05M$3.51N/AN/AN/AN/AN/AN/AN/AN/A
MITK
MITEK SYSTEMS INC
$541.15M$11.87$18.0051.64%Buy25.53%N/AN/AN/A
SEMR
SEMRUSH HOLDINGS INC
$1.72B$11.98$13.2010.18%Buy522.80%N/AN/AN/A
PALT
PALTALK INC
$45.00M$4.88N/AN/AN/AN/AN/AN/AN/AN/A
CVLT
COMMVAULT SYSTEMS INC
$4.03B$92.39$103.0011.48%Buy24.35%1,267.48%N/AN/A
YOU
CLEAR SECURE INC
$2.73B$18.12$29.0060.04%Hold318.78%339.68%N/AN/A
RUM
RUMBLE INC
$2.78B$7.20N/AN/AN/AN/A62.93%N/AN/AN/A
DPSI
DECISIONPOINT SYSTEMS INC
$62.85M$8.21N/AN/AN/AN/AN/AN/AN/AN/A
RSKD
RISKIFIED LTD
$795.10M$4.46$5.0012.11%Buy414.95%N/AN/AN/A
CXM
SPRINKLR INC
$3.36B$12.27$17.0639.06%Buy813.04%N/AN/AN/A
AI
C3AI INC
$3.14B$26.18$32.8025.29%Hold515.43%N/AN/AN/A
FSLY
FASTLY INC
$1.88B$14.44$20.7543.70%Buy416.22%N/AN/AN/A
OLO
OLO INC
$948.95M$5.78$7.8335.52%Strong Buy317.16%N/AN/AN/A
UPBD
UPBOUND GROUP INC
$1.74B$32.10N/AN/AN/AN/A3.16%246.22%N/AN/A
SWVL
SWVL HOLDINGS CORP
$30.93M$4.56N/AN/AN/AN/AN/AN/AN/AN/A
ENFN
ENFUSION INC
$1.17B$9.20$9.331.45%Sell320.83%N/AN/AN/A
APP
APPLOVIN CORP
$18.61B$55.42$52.77-4.78%Buy1016.98%82.04%N/AN/A
BSY
BENTLEY SYSTEMS INC
$15.25B$51.53$60.5017.41%Strong Buy412.52%43.86%39.80%8.78%
IDN
INTELLICHECK INC
$34.64M$1.79N/AN/AN/AN/AN/AN/AN/AN/A
GTLB
GITLAB INC
$10.44B$67.41$67.11-0.44%Strong Buy1829.60%N/AN/AN/A
FTFT
FUTURE FINTECH GROUP INC
$16.29M$1.09N/AN/AN/AN/AN/AN/AN/AN/A
NRDY
NERDY INC
$520.08M$3.03$4.5048.51%Buy522.32%N/AN/AN/A
AWRE
AWARE INC
$38.00M$1.81N/AN/AN/AN/AN/AN/AN/AN/A
BRZE
BRAZE INC
$5.54B$55.53$63.6314.58%Strong Buy1625.23%N/AN/AN/A
DSP
VIANT TECHNOLOGY INC
$518.52M$8.28$9.008.70%Strong Buy3N/AN/AN/AN/A
INLX
INTELLINETICS INC
$29.23M$7.18N/AN/AN/AN/AN/AN/AN/AN/A
MYSZ
MY SIZE INC
$1.46M$0.49$1.50206.12%Buy146.19%N/AN/AN/A
SEZL
SEZZLE INC
$264.20M$46.39N/AN/AN/AN/AN/AN/AN/AN/A
SPT
SPROUT SOCIAL INC
$3.43B$61.27$72.0017.51%Strong Buy1033.83%N/AN/AN/A
FICO
FAIR ISAAC CORP
$30.98B$1,246.56$1.32k5.64%Buy712.72%N/AN/AN/A
LAW
CS DISCO INC
$445.01M$7.34$10.1738.51%Hold316.87%N/AN/AN/A
MSTR
MICROSTRATEGY INC
$11.42B$672.80$740.5010.06%Strong Buy23.51%-87.61%N/AN/A
BL
BLACKLINE INC
$3.45B$56.27$60.006.63%Sell711.39%N/AN/AN/A
SMAR
SMARTSHEET INC
$5.65B$41.46$53.4628.93%Strong Buy1120.96%N/AN/AN/A
TEAM
ATLASSIAN CORP
$52.95B$204.11$236.6715.95%Buy916.59%N/AN/AN/A
ASUR
ASURE SOFTWARE INC
$252.49M$10.16$14.2540.26%Buy4-2.05%N/AN/AN/A
EB
EVENTBRITE INC
$833.16M$8.28$12.5050.97%Strong Buy220.85%N/AN/AN/A
WEAV
WEAVE COMMUNICATIONS INC
$856.61M$12.33$15.0021.65%Strong Buy120.30%N/AN/AN/A

App Stocks FAQ

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

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

1. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the top app stock with a Zen Score of 62, which is 36 points higher than the app industry average of 26. It passed 20 out of 33 due diligence checks and has strong fundamentals. Agilysys has seen its stock lose -1.98% over the past year, underperforming other app stocks by -28 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 25.66% from Agilysys's current stock price of $79.58.

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.

2. Red Violet (NASDAQ:RDVT)


Red Violet (NASDAQ:RDVT) is the second best app stock with a Zen Score of 60, which is 34 points higher than the app industry average of 26. It passed 19 out of 33 due diligence checks and has strong fundamentals. Red Violet has seen its stock lose -15.76% over the past year, underperforming other app stocks by -42 percentage points.

3. Amtd Digital (NYSE:HKD)


Amtd Digital (NYSE:HKD) is the third best app stock with a Zen Score of 57, which is 31 points higher than the app industry average of 26. It passed 18 out of 33 due diligence checks and has strong fundamentals. Amtd Digital has seen its stock lose -52.03% over the past year, underperforming other app stocks by -78 percentage points.

What are the app stocks with highest dividends?

Out of 20 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 11.27%, which is 9 percentage points higher than the app industry average of 2.3%. 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 96% 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 9.66%, which is 7 percentage points higher than the app industry average of 2.3%.

3. Upbound Group (NASDAQ:UPBD)


Upbound Group (NASDAQ:UPBD) has an annual dividend yield of 4.33%, which is 2 percentage points higher than the app industry average of 2.3%. 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 850% indicates that its dividend yield might not be sustainable for the long-term.

Why are app stocks down?

App stocks were down -1.59% in the last day, and down -3.62% over the last week. Matterport was the among the top losers in the software - application industry, dropping -16.93% yesterday.

Matterport shares are trading lower after the company reported worse-than-expected Q4 sales results and issued guidance.

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 16.5% in the past year. It has underperformed other stocks in the app industry by -10 percentage points.

2. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Agilysys 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.

Agilysys's stock has dropped -1.98% in the past year. It has underperformed other stocks in the app industry by -28 percentage points.

3. Swvl Holdings (NASDAQ:SWVL)


Swvl Holdings (NASDAQ:SWVL) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Swvl Holdings 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.

Swvl Holdings's stock has gained 115.09% in the past year. It has overperformed other stocks in the app industry by 89 percentage points.

Are app stocks a good buy now?

41.82% of app stocks rated by analysts are a buy right now. On average, analysts expect app stocks to rise by 9.19% 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 111.75x.
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.