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Sectors & IndustriesTechnologySoftware - Application
Best App Stocks to Buy Now (2023)
Top app stocks in 2023 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
GLOB
GLOBANT SA
$7.12B$170.11$231.0035.79%Strong Buy728.12%39.25%23.26%16.98%
APPS
DIGITAL TURBINE INC
$1.66B$16.78$24.7547.50%Buy416.08%48.98%35.40%14.99%
OTEX
OPEN TEXT CORP
$9.43B$34.85$36.755.45%Hold42.84%159.32%22.06%8.10%
PAYA
PAYA HOLDINGS INC
$1.29B$9.73$9.800.72%Hold513.74%528.57%24.60%9.34%
PUBM
PUBMATIC INC
$836.33M$15.91$26.5066.56%Buy926.04%17.44%32.52%15.80%
DV
DOUBLEVERIFY HOLDINGS INC
$4.59B$27.84$32.1715.54%Strong Buy625.34%26.18%N/AN/A
PRGS
PROGRESS SOFTWARE CORP
$2.43B$56.02$55.40-1.11%Buy5-11.99%46.39%N/AN/A
CCRD
CORECARD CORP
$290.80M$34.16$50.0046.37%Strong Buy1N/AN/AN/AN/A
PAYC
PAYCOM SOFTWARE INC
$19.79B$329.69$382.3915.98%Buy1323.56%25.80%N/AN/A
CDNS
CADENCE DESIGN SYSTEMS INC
$51.00B$185.91$196.005.43%Buy108.90%26.04%30.69%16.73%
ESMT
ENGAGESMART INC
$3.24B$19.60$24.0022.45%Strong Buy433.66%137.50%7.71%7.03%
DCBO
DOCEBO INC
$1.30B$39.50$36.00-8.86%Hold136.79%60.08%9.43%6.56%
YALA
YALLA GROUP LTD
$779.06M$5.02$25.00398.01%Strong Buy1N/AN/A38.68%34.00%
INTU
INTUIT INC
$116.58B$414.99$495.7519.46%Strong Buy1611.38%28.63%24.34%14.44%
DSGX
DESCARTES SYSTEMS GROUP INC
$6.50B$76.67$75.20-1.92%Buy713.36%25.00%10.92%9.12%
ZDGE
ZEDGE INC
$39.15M$2.65N/AN/AN/AN/AN/AN/AN/AN/A
NATI
NATIONAL INSTRUMENTS CORP
$6.92B$53.00$48.33-8.81%Buy610.74%78.30%22.43%11.22%
AGMH
AGM GROUP HOLDINGS INC
$43.49M$1.65N/AN/AN/AN/AN/AN/AN/AN/A
NOW
SERVICENOW INC
$92.41B$455.22$525.4815.43%Strong Buy2622.25%52.32%N/AN/A
IBEX
IBEX LTD
$475.28M$26.20$27.605.34%Buy55.69%-4.51%27.37%10.13%
TSRI
TSR INC
$20.68M$9.72N/AN/AN/AN/AN/AN/AN/AN/A
PTC
PTC INC
$15.43B$131.35$154.5517.66%Strong Buy1213.00%34.09%28.70%14.06%
AMSWA
AMERICAN SOFTWARE INC
$514.20M$15.24$23.0050.92%Strong Buy12.37%-32.26%8.59%6.27%
SPNS
SAPIENS INTERNATIONAL CORP N V
$1.26B$22.87$23.753.85%Buy411.73%24.74%20.90%12.27%
MNDO
MIND CTI LTD
$48.45M$2.41N/AN/AN/AN/AN/AN/AN/AN/A
RIOT
RIOT PLATFORMS INC
$1.12B$6.68$18.86182.29%Strong Buy783.51%N/A13.65%12.20%
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
$839.15M$17.10N/AN/AStrong Buy1N/AN/A22.60%11.47%
KARO
KAROOOOO LTD
$793.90M$25.65$35.6739.05%Strong Buy311.87%20.97%41.65%28.49%
PCTY
PAYLOCITY HOLDING CORP
$12.17B$218.29$272.3924.78%Buy1313.14%23.89%N/AN/A
OTMO
OTONOMO TECHNOLOGIES LTD
$77.24M$0.55$1.67201.99%Buy3664.87%N/A39.73%34.90%
NICE
NICE LTD
$14.43B$217.24$263.1321.12%Strong Buy813.96%58.27%16.02%10.10%
MANH
MANHATTAN ASSOCIATES INC
$9.05B$144.77$157.508.79%Strong Buy2N/AN/A49.88%19.84%
DDOG
DATADOG INC
$24.44B$76.96$118.9254.53%Strong Buy2741.48%N/A12.07%5.56%
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
$15.29B$60.69$66.389.37%Strong Buy84.78%27.69%N/AN/A
IDEX
IDEANOMICS INC
$96.94M$0.17$3.001,644.19%Strong Buy172.67%N/A36.46%25.87%
PRCH
PORCH GROUP INC
$350.94M$3.49$11.44227.74%Buy521.38%N/AN/AN/A
ZI
ZOOMINFO TECHNOLOGIES INC
$11.59B$28.72$42.5348.08%Strong Buy1718.85%12.79%N/AN/A
MAPS
WM TECHNOLOGY INC
$206.48M$1.41$3.30134.04%Hold519.42%N/AN/AN/A
VCSA
VACASA INC
$766.63M$1.75$3.75114.29%Hold522.17%N/A-10.16%-2.40%
PLUS
EPLUS INC
$1.42B$52.67$62.0017.71%Buy20.31%-8.40%13.96%7.18%
MTLS
MATERIALISE NV
$623.13M$10.55$19.5084.83%Strong Buy313.35%61.02%11.71%6.67%
MITK
MITEK SYSTEMS INC
$462.89M$10.36$16.0054.44%Strong Buy218.56%366.67%N/AN/A
ADSK
AUTODESK INC
$47.11B$218.34$239.159.53%Buy2010.64%36.13%N/AN/A
MYSZ
MY SIZE INC
$4.47M$2.75N/AN/AStrong Buy181.37%N/AN/AN/A
CALX
CALIX INC
$3.43B$52.39$75.7144.52%Strong Buy7N/AN/A5.05%3.77%
AGYS
AGILYSYS INC
$2.09B$83.05$66.00-20.53%Strong Buy311.47%42.34%N/AN/A
BMBL
BUMBLE INC
$5.04B$26.79$29.9411.75%Buy1623.43%71.00%N/AN/A
FRSH
FRESHWORKS INC
$4.68B$16.27$16.853.54%Buy1331.38%N/A-15.75%-12.25%
CVLT
COMMVAULT SYSTEMS INC
$2.83B$63.63$70.6711.06%Buy32.24%68.57%16.11%5.05%
CRM
SALESFORCE INC
$169.05B$169.05$194.2614.91%Buy3418.24%223.77%N/AN/A
NCNO
NCINO INC
$3.22B$29.02$38.1031.29%Strong Buy1029.01%N/AN/AN/A
SEAC
SEACHANGE INTERNATIONAL INC
$24.59M$0.49$3.00512.24%Strong Buy1N/AN/AN/AN/A
BSQR
BSQUARE CORP
$27.03M$1.32N/AN/AN/AN/AN/AN/AN/AN/A
LSPD
LIGHTSPEED COMMERCE INC
$2.55B$16.91$25.9153.22%Buy1122.55%N/AN/AN/A
MIXT
MIX TELEMATICS LTD
$183.96M$8.33$11.0032.05%Strong Buy20.14%60.00%279.24%176.50%
PCYG
PARK CITY GROUP INC
$112.70M$6.13$9.0046.94%Strong Buy1N/AN/AN/AN/A
SSTI
SHOTSPOTTER INC
$457.59M$37.52$40.006.61%Strong Buy3N/AN/A8.24%4.33%
DT
DYNATRACE INC
$13.39B$46.33$47.332.16%Buy183.27%260.00%10.84%6.59%
OLO
OLO INC
$1.35B$8.27$12.7554.17%Buy628.80%N/AN/AN/A
LAZR
LUMINAR TECHNOLOGIES INC
$2.87B$7.90$13.5671.59%Buy9216.32%N/A565.75%32.73%
AMST
AMESITE INC
$11.51M$0.38$7.001,742.11%Strong Buy1N/AN/AN/AN/A
API
AGORA INC
$462.32M$3.99$11.17179.87%Strong Buy327.55%N/A-15.65%-14.42%
SMRT
SMARTRENT INC
$610.91M$3.08$7.10130.52%Strong Buy984.83%N/A6.75%4.68%
IMMR
IMMERSION CORP
$233.59M$7.23$10.5045.23%Buy2N/AN/AN/AN/A
AEYE
AUDIOEYE INC
$77.57M$6.74$10.0048.37%Buy125.51%N/A256.44%115.55%
CLSK
CLEANSPARK INC
$249.56M$3.48$6.5086.78%Strong Buy438.17%N/AN/AN/A
RDVT
RED VIOLET INC
$334.42M$24.07N/AN/AN/AN/AN/AN/AN/AN/A
ACVA
ACV AUCTIONS INC
$1.71B$10.78$16.1149.45%Strong Buy929.22%N/AN/AN/A
FTFT
FUTURE FINTECH GROUP INC
$30.42M$2.08N/AN/AN/AN/AN/AN/AN/AN/A
ANSS
ANSYS INC
$23.73B$272.43$267.60-1.77%Hold109.12%18.80%N/AN/A
RMNI
RIMINI STREET INC
$436.98M$4.95$8.5071.72%Strong Buy1N/AN/A-42.16%9.53%
DSP
VIANT TECHNOLOGY INC
$281.86M$4.58$6.9050.66%Buy6N/AN/A-25.15%-4.12%
WETG
WETRADE GROUP INC
$59.88M$0.31N/AN/AN/AN/AN/AN/AN/AN/A
OCFT
ONECONNECT FINANCIAL TECHNOLOGY CO LTD
$258.30M$6.69$1.20-82.06%Hold137.53%N/A-78.68%-30.97%
TEAM
ATLASSIAN CORP
$44.18B$172.37$224.3830.17%Strong Buy1721.44%N/A52.81%8.44%
CIH
CHINA INDEX HOLDINGS LTD
$84.82M$0.94N/AN/AN/AN/AN/AN/AN/AN/A
CPTN
CEPTON INC
$197.08M$1.26$12.13862.30%Buy5345.59%N/A-113.22%-42.87%
RSKD
RISKIFIED LTD
$1.07B$6.30$7.8624.71%Buy727.90%N/AN/AN/A
IDBA
IDEX BIOMETRICS ASA
$75.16M$5.69$55.50875.40%Strong Buy1465.30%N/A16,579.88%13,194.44%
MTTR
MATTERPORT INC
$1.04B$3.62$5.8060.22%Buy643.38%N/A-28.94%-26.55%
LAW
CS DISCO INC
$505.36M$8.56$13.5658.36%Buy924.77%N/A-21.37%-18.78%
PALT
PALTALK INC
$38.22M$4.09N/AN/AHold1N/AN/AN/AN/A
XM
QUALTRICS INTERNATIONAL INC
$9.70B$16.42$19.1516.65%Strong Buy1322.88%N/A-46.20%-28.12%
EBIX
EBIX INC
$606.95M$19.64N/AN/AHold1N/AN/AN/AN/A
FROG
JFROG LTD
$2.53B$25.21$29.3316.35%Strong Buy935.98%N/A-4.81%-3.53%
VTEX
VTEX
$816.82M$4.26$6.1043.19%Buy626.86%N/A3.45%2.69%
STNE
STONECO LTD
$3.18B$10.17$15.8355.68%Buy618.50%N/A19.33%6.17%
SHOP
SHOPIFY INC
$65.60B$51.57$145.26181.68%Buy2827.54%N/AN/AN/A
DGHI
DIGIHOST TECHNOLOGY INC
$45.36M$1.63$2.5053.37%Buy1N/AN/AN/AN/A
BLND
BLEND LABS INC
$499.18M$2.10$3.4564.29%Hold944.77%N/AN/AN/A
NRDY
NERDY INC
$479.24M$2.95$4.8865.25%Buy836.63%N/AN/AN/A
WDAY
WORKDAY INC
$47.22B$183.73$205.1811.68%Buy2520.10%N/A5.65%2.47%
TTD
TRADE DESK INC
$25.62B$52.34$64.2322.72%Buy1528.30%N/AN/AN/A
MRIN
MARIN SOFTWARE INC
$21.11M$1.31N/AN/AN/AN/AN/AN/AN/AN/A
MTC
MMTEC INC
$2.35M$0.75N/AN/AN/AN/AN/AN/AN/AN/A
ASAN
ASANA INC
$3.41B$16.04$28.7379.14%Hold1737.34%N/A-102.36%-42.42%
MLNK
MERIDIANLINK INC
$1.38B$17.10$20.6020.47%Hold512.93%200.00%5.72%3.12%
INPX
INPIXON
$15.22M$1.15N/AN/AN/AN/AN/AN/AN/AN/A
GTLB
GITLAB INC
$7.52B$50.23$71.5042.35%Strong Buy1239.02%N/AN/AN/A
SAP
SAP SE
$147.08B$119.72$125.674.97%Buy76.58%38.40%N/AN/A

App Stocks FAQ

What are the best app stocks to buy right now in Feb 2023?

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

1. Globant Sa (NYSE:GLOB)


Globant Sa (NYSE:GLOB) is the top app stock with a Zen Score of 61, which is 34 points higher than the app industry average of 27. It passed 21 out of 33 due diligence checks and has strong fundamentals. Globant Sa has seen its stock lose -31.67% over the past year, underperforming other app stocks by -4 percentage points.

Globant Sa has an average 1 year price target of $231.00, an upside of 35.79% from Globant Sa's current stock price of $170.11.

Globant Sa stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Globant Sa, 85.71% have issued a Strong Buy rating, 14.29% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Digital Turbine (NASDAQ:APPS)


Digital Turbine (NASDAQ:APPS) is the second best app stock with a Zen Score of 57, which is 30 points higher than the app industry average of 27. It passed 19 out of 33 due diligence checks and has strong fundamentals. Digital Turbine has seen its stock lose -62.54% over the past year, underperforming other app stocks by -35 percentage points.

Digital Turbine has an average 1 year price target of $24.75, an upside of 47.5% from Digital Turbine's current stock price of $16.78.

Digital Turbine stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Digital Turbine, 25% have issued a Strong Buy rating, 50% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Open Text (NASDAQ:OTEX)


Open Text (NASDAQ:OTEX) is the third best app stock with a Zen Score of 55, which is 28 points higher than the app industry average of 27. It passed 20 out of 38 due diligence checks and has strong fundamentals. Open Text has seen its stock lose -20.34% over the past year, overperforming other app stocks by 7 percentage points.

Open Text has an average 1 year price target of $36.75, an upside of 5.45% from Open Text's current stock price of $34.85.

Open Text stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Open Text, 0% have issued a Strong Buy rating, 25% have issued a Buy, 75% 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 17 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 10.79%, which is 9 percentage points higher than the app industry average of 2.21%. 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 96.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Magic Software Enterprises (NASDAQ:MGIC)


Magic Software Enterprises (NASDAQ:MGIC) has an annual dividend yield of 2.96%, which is 1 percentage points higher than the app industry average of 2.21%. Magic Software Enterprises's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Magic Software Enterprises's dividend has shown consistent growth over the last 10 years.

Magic Software Enterprises's dividend payout ratio of 79.1% indicates that its dividend yield is sustainable for the long-term.

3. Mix Telematics (NYSE:MIXT)


Mix Telematics (NYSE:MIXT) has an annual dividend yield of 2.94%, which is 1 percentage points higher than the app industry average of 2.21%. Mix Telematics's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Mix Telematics's dividend has not shown consistent growth over the last 10 years.

Mix Telematics's dividend payout ratio of 102% indicates that its dividend yield might not be sustainable for the long-term.

Why are app stocks down?

App stocks were down -1.39% in the last day, and up 4.78% over the last week. Cuentas was the among the top losers in the software - application industry, dropping -15.36% yesterday.

Cuentas shares are trading lower after the company announced a $5 million registered direct offering priced at $1.32 per share.

What are the most undervalued app stocks?

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

1. Open Text (NASDAQ:OTEX)


Open Text (NASDAQ:OTEX) is the most undervalued app stock based on WallStreetZen's Valuation Score. Open Text has a valuation score of 86, which is 64 points higher than the app industry average of 22. It passed 6 out of 7 valuation due diligence checks.

Open Text's stock has dropped -20.34% in the past year. It has overperformed other stocks in the app industry by 7 percentage points.

2. Agm Group Holdings (NASDAQ:AGMH)


Agm Group Holdings (NASDAQ:AGMH) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Agm Group Holdings has a valuation score of 71, which is 49 points higher than the app industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Agm Group Holdings's stock has dropped -4.07% in the past year. It has overperformed other stocks in the app industry by 24 percentage points.

3. China Index Holdings (NASDAQ:CIH)


China Index Holdings (NASDAQ:CIH) is the third most undervalued app stock based on WallStreetZen's Valuation Score. China Index Holdings has a valuation score of 71, which is 49 points higher than the app industry average of 22. It passed 5 out of 7 valuation due diligence checks.

China Index Holdings's stock has dropped -8.93% in the past year. It has overperformed other stocks in the app industry by 19 percentage points.

Are app stocks a good buy now?

41.56% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 20.91% 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 47.75x.
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.