WallStreetZenWallStreetZen

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
$2.24B$81.78$100.0022.28%Buy123.88%N/AN/AN/A
YMM
FULL TRUCK ALLIANCE CO LTD
$8.19B$7.77$6.00-22.78%Hold123.45%N/AN/AN/A
RDVT
RED VIOLET INC
$248.98M$17.83$25.0040.21%Strong Buy114.71%N/AN/AN/A
DV
DOUBLEVERIFY HOLDINGS INC
$5.04B$29.43$41.6241.40%Strong Buy1321.00%31.15%N/AN/A
HKD
AMTD DIGITAL INC
$589.65M$3.08N/AN/AN/AN/AN/AN/AN/AN/A
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
$15.03B$60.82$68.7112.98%Buy74.73%56.44%N/AN/A
YALA
YALLA GROUP LTD
$721.65M$4.52N/AN/AN/AN/AN/AN/AN/AN/A
SPNS
SAPIENS INTERNATIONAL CORP N V
$1.67B$30.04$34.0013.18%Hold27.35%23.73%N/AN/A
KARO
KAROOOOO LTD
$838.47M$27.09$30.0010.74%Strong Buy213.54%52.37%N/AN/A
ZI
ZOOMINFO TECHNOLOGIES INC
$5.90B$15.53$21.2536.83%Buy188.94%94.28%N/AN/A
AMSWA
AMERICAN SOFTWARE INC
$352.80M$10.62$16.0050.66%Strong Buy1-2.29%-5.72%N/AN/A
ADSK
AUTODESK INC
$46.31B$216.50$289.6933.81%Buy1311.60%32.94%N/AN/A
ZM
ZOOM VIDEO COMMUNICATIONS INC
$18.28B$59.45$75.4626.93%Hold132.53%-25.12%N/AN/A
DDOG
DATADOG INC
$39.85B$120.09$140.0616.63%Strong Buy1821.78%85.02%N/AN/A
NOW
SERVICENOW INC
$146.35B$713.91$836.7017.20%Strong Buy2020.59%N/AN/AN/A
TTD
TRADE DESK INC
$37.79B$77.30$93.3720.79%Strong Buy1422.64%42.91%N/AN/A
DT
DYNATRACE INC
$13.44B$45.40$63.3339.50%Strong Buy1519.75%N/AN/AN/A
ANSS
ANSYS INC
$28.03B$322.11$320.00-0.66%Hold68.94%32.55%N/AN/A
UBER
UBER TECHNOLOGIES INC
$143.69B$69.20$84.1521.61%Strong Buy2616.32%42.13%N/AN/A
KSPI
JOINT STOCK CO KASPIKZ
$21.91B$115.72$147.6727.61%Strong Buy319.72%N/AN/AN/A
SRAD
SPORTRADAR GROUP AG
$2.88B$9.66$14.0845.79%Buy615.72%90.14%N/AN/A
PUBM
PUBMATIC INC
$1.08B$21.61$23.759.90%Strong Buy410.77%148.22%N/AN/A
CDNS
CADENCE DESIGN SYSTEMS INC
$76.29B$280.25$328.8817.35%Strong Buy813.15%N/AN/AN/A
DSGX
DESCARTES SYSTEMS GROUP INC
$7.68B$90.32$97.437.87%Buy710.46%N/AN/AN/A
APP
APPLOVIN CORP
$22.85B$66.80$67.320.78%Buy1013.95%22.79%N/AN/A
SHOP
SHOPIFY INC
$89.64B$69.67$77.6911.51%Hold1320.10%110.29%N/AN/A
WDAY
WORKDAY INC
$66.59B$252.22$307.6021.96%Buy2016.15%-37.81%N/AN/A
MNDO
MIND CTI LTD
$37.94M$1.89N/AN/AN/AN/AN/AN/AN/AN/A
IMMR
IMMERSION CORP
$227.29M$7.17$11.0053.42%Buy1N/AN/AN/AN/A
EGAN
EGAIN CORP
$190.65M$6.11$12.0096.40%Strong Buy1-2.72%N/AN/AN/A
INTU
INTUIT INC
$169.43B$605.17$700.2315.71%Strong Buy139.57%11.93%N/AN/A
NICE
NICE LTD
$14.09B$224.19$305.8936.44%Strong Buy912.75%28.17%N/AN/A
ALKT
ALKAMI TECHNOLOGY INC
$2.30B$23.78$27.8617.14%Buy724.49%N/AN/AN/A
TSRI
TSR INC
$16.53M$7.62N/AN/AN/AN/AN/AN/AN/AN/A
PEGA
PEGASYSTEMS INC
$4.83B$57.61$75.0030.19%Buy66.31%N/AN/AN/A
PERF
PERFECT CORP
$234.25M$2.30$3.7563.04%Hold214.19%N/AN/AN/A
SAP
SAP SE
$205.16B$175.77$211.3320.23%Strong Buy39.97%-34.63%N/AN/A
APPF
APPFOLIO INC
$7.48B$208.50$245.5017.75%Strong Buy423.15%N/AN/AN/A
SURG
SURGEPAYS INC
$71.38M$3.70$10.00170.27%Buy1N/AN/AN/AN/A
DCBO
DOCEBO INC
$1.35B$44.49$58.8032.16%Buy521.99%112.20%N/AN/A
OTEX
OPEN TEXT CORP
$9.54B$35.05$50.5044.08%Buy21.79%264.66%N/AN/A
FRSH
FRESHWORKS INC
$5.24B$17.59$25.8947.18%Strong Buy918.88%N/AN/AN/A
PCTY
PAYLOCITY HOLDING CORP
$8.86B$157.22$191.6421.89%Buy1111.34%-14.27%N/AN/A
LSPD
LIGHTSPEED COMMERCE INC
$1.98B$12.93$18.5043.08%Buy722.80%N/AN/AN/A
ALRM
ALARMCOM HOLDINGS INC
$3.20B$64.11$72.6713.35%Buy35.49%N/AN/AN/A
PLUS
EPLUS INC
$2.03B$75.37$80.006.14%Hold17.72%N/AN/AN/A
PAYC
PAYCOM SOFTWARE INC
$10.55B$183.25$191.824.68%Hold1112.10%17.67%N/AN/A
MKTW
MARKETWISE INC
$540.43M$1.64$2.5052.44%Buy216.29%112.13%N/AN/A
MANH
MANHATTAN ASSOCIATES INC
$13.93B$226.34$248.759.90%Buy49.80%N/AN/AN/A
VTEX
VTEX
$1.39B$7.58$10.2034.56%Strong Buy521.77%N/AN/AN/A
ROP
ROPER TECHNOLOGIES INC
$57.19B$534.38$592.7510.92%Strong Buy88.63%16.81%N/AN/A
NCNO
NCINO INC
$3.36B$29.41$38.0029.21%Buy614.77%N/AN/AN/A
CXM
SPRINKLR INC
$3.10B$11.34$16.7847.95%Strong Buy911.32%N/AN/AN/A
FROG
JFROG LTD
$3.95B$37.14$42.5614.58%Strong Buy922.41%N/AN/AN/A
TRAK
REPOSITRAK INC
$276.24M$15.17N/AN/AN/AN/AN/AN/AN/AN/A
YOU
CLEAR SECURE INC
$2.68B$17.78$28.4059.73%Hold516.88%53.44%N/AN/A
PRGS
PROGRESS SOFTWARE CORP
$2.18B$50.41$65.2529.44%Strong Buy42.37%N/AN/AN/A
IDN
INTELLICHECK INC
$56.66M$2.92$4.6759.83%Buy313.98%N/AN/AN/A
CCRD
CORECARD CORP
$98.55M$11.88N/AN/AN/AN/A-10.36%N/AN/AN/A
HKIT
HITEK GLOBAL INC
$15.41M$1.07N/AN/AN/AN/AN/AN/AN/AN/A
TROO
TROOPS INC
$111.76M$1.10N/AN/AN/AN/AN/AN/AN/AN/A
MNDY
MONDAYCOM LTD
$8.71B$178.07$235.1532.06%Strong Buy1326.02%N/AN/AN/A
MTLS
MATERIALISE NV
$308.33M$5.22N/AN/AN/AN/AN/AN/A10.68%6.37%
DUOL
DUOLINGO INC
$8.58B$200.15$251.5725.69%Buy727.44%N/AN/AN/A
FRGE
FORGE GLOBAL HOLDINGS INC
$333.87M$1.86$5.25182.26%Buy231.93%N/AN/AN/A
WFCF
WHERE FOOD COMES FROM INC
$61.07M$11.13N/AN/AN/AN/AN/AN/AN/AN/A
NXPL
NEXTPLAT CORP
$22.47M$1.20N/AN/AN/AN/AN/AN/AN/AN/A
VMEO
VIMEO INC
$593.20M$3.53$4.0013.31%Hold11.88%N/AN/AN/A
SYT
SYLA TECHNOLOGIES CO LTD
$68.74M$2.65N/AN/AN/AN/AN/AN/AN/AN/A
SEZL
SEZZLE INC
$314.78M$55.88N/AN/AN/AN/AN/AN/AN/AN/A
PET
WAG! GROUP CO
$85.21M$2.11N/AN/AN/AN/A26.82%N/AN/AN/A
CALX
CALIX INC
$1.92B$29.28$48.5065.64%Strong Buy4-8.35%N/AN/AN/A
LAW
CS DISCO INC
$456.13M$7.47$10.5040.56%Hold311.52%N/AN/AN/A
RUM
RUMBLE INC
$2.41B$6.23N/AN/AN/AN/A34.17%N/AN/AN/A
RSKD
RISKIFIED LTD
$869.56M$4.87$5.6816.61%Buy710.94%N/AN/AN/A
SEMR
SEMRUSH HOLDINGS INC
$1.66B$11.50$13.5718.01%Buy719.05%N/AN/AN/A
GRAB
GRAB HOLDINGS LTD
$13.26B$3.37$4.1322.64%Strong Buy316.84%N/AN/AN/A
MTTR
MATTERPORT INC
$540.98M$1.74$3.3893.97%Hold412.30%N/AN/AN/A
BRZE
BRAZE INC
$3.93B$38.94$66.1569.89%Strong Buy1321.01%N/AN/AN/A
ENFN
ENFUSION INC
$1.18B$9.24$9.00-2.60%Sell519.35%N/AN/AN/A
SMRT
SMARTRENT INC
$466.86M$2.29$4.2384.85%Strong Buy317.86%N/AN/AN/A
PTC
PTC INC
$21.09B$176.37$202.4014.76%Strong Buy1010.08%48.88%N/AN/A
OLO
OLO INC
$756.06M$4.67$8.1774.88%Strong Buy318.19%N/AN/AN/A
FSLY
FASTLY INC
$1.65B$12.30$18.4049.59%Buy514.73%N/AN/AN/A
AI
C3AI INC
$2.53B$20.72$30.4046.72%Hold513.28%N/AN/AN/A
PALT
PALTALK INC
$32.55M$3.53N/AN/AN/AN/AN/AN/AN/AN/A
INLX
INTELLINETICS INC
$29.58M$7.19N/AN/AN/AN/A9.44%N/AN/AN/A
DSP
VIANT TECHNOLOGY INC
$534.04M$8.50$11.6036.47%Buy5-26.66%N/AN/AN/A
TEAM
ATLASSIAN CORP
$49.69B$191.55$235.0022.68%Buy916.61%N/AN/AN/A
RDDT
REDDIT INC
N/A$40.88$49.8621.96%Buy1422.50%N/AN/AN/A
ULY
URGENTLY INC
$23.07M$1.72$5.00190.70%Buy1N/AN/AN/AN/A
CRM
SALESFORCE INC
$262.26B$270.37$331.0022.42%Strong Buy2310.24%-4.43%N/AN/A
DJCO
DAILY JOURNAL CORP
$479.18M$347.98N/AN/AN/AN/AN/AN/AN/AN/A
RMNI
RIMINI STREET INC
$257.07M$2.86N/AN/AN/AN/AN/AN/AN/AN/A
PCOR
PROCORE TECHNOLOGIES INC
$10.19B$70.29$82.2717.05%Strong Buy1120.31%N/AN/AN/A
ASUR
ASURE SOFTWARE INC
$178.46M$6.99$14.25103.86%Buy42.80%N/AN/AN/A
PDFS
PDF SOLUTIONS INC
$1.14B$29.56N/AN/AN/AN/A11.56%N/AN/AN/A
KVYO
KLAVIYO INC
$5.94B$22.73$34.8953.49%Buy923.19%N/AN/AN/A
GTLB
GITLAB INC
$8.16B$51.49$71.3938.65%Strong Buy2324.08%N/AN/AN/A
NRDY
NERDY INC
$439.50M$2.53$4.4073.91%Buy520.25%N/AN/AN/A

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 40 points higher than the app industry average of 28. It passed 22 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 6.73% over the past year, underperforming other app stocks by -12 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -22.78% from Full Truck Alliance Co's current stock price of $7.77.

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. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the second best app stock with a Zen Score of 68, which is 40 points higher than the app industry average of 28. It passed 22 out of 33 due diligence checks and has strong fundamentals. Agilysys has seen its stock lose -1.09% over the past year, underperforming other app stocks by -19 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 22.28% from Agilysys's current stock price of $81.78.

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.

3. Red Violet (NASDAQ:RDVT)


Red Violet (NASDAQ:RDVT) is the third best app stock with a Zen Score of 66, which is 38 points higher than the app industry average of 28. It passed 21 out of 33 due diligence checks and has strong fundamentals. Red Violet has seen its stock return 10.06% over the past year, underperforming other app stocks by -8 percentage points.

Red Violet has an average 1 year price target of $25.00, an upside of 40.21% from Red Violet's current stock price of $17.83.

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.

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 12.73%, 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 10.37%, 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 4.6%, 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 -1.22% in the last day, and down -6% over the last week. Uber was the among the top losers in the software - application industry, dropping -2.95% yesterday.

Uber shares are trading lower. The stock fell earlier in the week on reports senators are seeking information on delivery companies' junk fees.

What are the most undervalued app stocks?

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

1. SS&C Technologies Holdings (NASDAQ:SSNC)


SS&C Technologies Holdings (NASDAQ:SSNC) is the most undervalued app stock based on WallStreetZen's Valuation Score. SS&C Technologies Holdings has a valuation score of 86, which is 66 points higher than the app industry average of 20. It passed 6 out of 7 valuation due diligence checks.

SS&C Technologies Holdings's stock has gained 5.41% in the past year. It has underperformed other stocks in the app industry by -13 percentage points.

2. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Mind Cti has a valuation score of 71, which is 51 points higher than the app industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Mind Cti's stock has dropped -4.31% in the past year. It has underperformed other stocks in the app industry by -23 percentage points.

3. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Agilysys has a valuation score of 71, which is 51 points higher than the app industry average of 20. It passed 5 out of 7 valuation due diligence checks.

Agilysys's stock has dropped -1.09% in the past year. It has underperformed other stocks in the app industry by -19 percentage points.

Are app stocks a good buy now?

41.52% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 21.32% 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 99.05x.
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.