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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
MYSZ
MY SIZE INC
$2.35M$3.70$12.00224.32%Buy141.48%N/AN/AN/A
GTLB
GITLAB INC
$8.78B$55.46$72.0529.90%Strong Buy2224.08%N/AN/AN/A
EXFY
EXPENSIFY INC
$138.89M$1.63$2.6763.62%Hold3-2.50%N/AN/AN/A
SWVL
SWVL HOLDINGS CORP
$73.72M$10.87N/AN/AN/AN/AN/AN/AN/AN/A
BL
BLACKLINE INC
$3.74B$60.83$62.172.20%Hold69.91%N/AN/AN/A
API
AGORA INC
$232.35M$2.52N/AN/AN/AN/A6.42%N/AN/AN/A
SNOW
SNOWFLAKE INC
$52.85B$158.13$208.9332.13%Buy2921.92%N/AN/AN/A
CALX
CALIX INC
$1.86B$28.40$38.8036.62%Buy5-11.27%N/AN/AN/A
QH
QUHUO LTD
$3.39M$0.55N/AN/AN/AN/AN/AN/AN/AN/A
SSTI
SOUNDTHINKING INC
$174.80M$13.67$25.0082.88%Strong Buy212.87%N/AN/AN/A
VERX
VERTEX INC
$4.56B$29.53$36.3022.93%Buy1015.24%N/AN/AN/A
BILL
BILL HOLDINGS INC
$6.56B$62.44$84.7335.69%Buy1111.30%N/AN/AN/A
ADEA
ADEIA INC
$1.09B$10.14$15.5052.94%Strong Buy2N/AN/AN/AN/A
SMWB
SIMILARWEB LTD
$615.05M$7.82$10.7537.47%Strong Buy414.86%N/AN/AN/A
ML
MONEYLION INC
$746.04M$70.93$92.2029.99%Strong Buy522.55%N/AN/AN/A
WEAV
WEAVE COMMUNICATIONS INC
$799.46M$11.33$16.0041.22%Strong Buy315.55%N/AN/AN/A
OCFT
ONECONNECT FINANCIAL TECHNOLOGY CO LTD
$77.22M$2.00$7.00250.00%Strong Buy17.11%N/AN/AN/A
AMST
AMESITE INC
$8.39M$3.30N/AN/AN/AN/AN/AN/AN/AN/A
PYCR
PAYCOR HCM INC
$3.18B$17.86$26.0045.58%Buy712.60%N/AN/AN/A
BMBL
BUMBLE INC
$1.90B$10.49$16.3555.86%Buy1010.15%N/AN/AN/A
INTA
INTAPP INC
$2.30B$31.88$47.1747.95%Strong Buy612.07%N/AN/AN/A
BMR
BEAMR IMAGING LTD
$78.83M$6.04N/AN/AN/AN/AN/AN/AN/AN/A
DAVE
DAVE INC
$535.09M$43.72$45.002.93%Buy118.72%N/A4.50%1.33%
AWRE
AWARE INC
$36.06M$1.71N/AN/AN/AN/AN/AN/AN/AN/A
VERB
VERB TECHNOLOGY COMPANY INC
$12.05M$0.15N/AN/AN/AN/AN/AN/AN/AN/A
MSTR
MICROSTRATEGY INC
$21.76B$1,282.38$1.73k35.20%Strong Buy44.42%-87.61%N/AN/A
ASAN
ASANA INC
$3.39B$15.08$19.8031.30%Hold1014.07%N/AN/AN/A
LYFT
LYFT INC
$6.54B$16.37$15.81-3.45%Hold1814.28%N/AN/AN/A
AEYE
AUDIOEYE INC
$167.13M$14.29$18.5029.46%Strong Buy310.12%N/AN/AN/A
PAR
PAR TECHNOLOGY CORP
$1.21B$43.24$55.2527.78%Buy417.17%N/AN/AN/A
AZPN
ASPEN TECHNOLOGY INC
$12.61B$198.43$203.672.64%Buy3N/AN/AN/AN/A
SMSI
SMITH MICRO SOFTWARE INC
$21.73M$2.32$20.00762.07%Strong Buy1-25.58%N/AN/AN/A
AMPL
AMPLITUDE INC
$1.19B$9.92$11.3314.24%Sell39.21%N/AN/AN/A
DAY
DAYFORCE INC
$9.55B$60.98$77.2926.74%Buy714.08%N/AN/AN/A
WRNT
WARRANTEE INC
$6.54M$0.29N/AN/AN/AN/AN/AN/AN/AN/A
ANY
SPHERE 3D CORP
$19.22M$1.08$5.00362.96%Buy1N/AN/AN/AN/A
HUBS
HUBSPOT INC
$31.98B$631.13$647.902.66%Buy1918.15%N/AN/AN/A
VS
VERSUS SYSTEMS INC
$3.31M$1.32N/AN/AN/AN/AN/AN/AN/AN/A
TYL
TYLER TECHNOLOGIES INC
$19.56B$460.74$501.758.90%Strong Buy87.66%N/AN/AN/A
DUOT
DUOS TECHNOLOGIES GROUP INC
$23.24M$3.18N/AN/AN/AN/A119.91%N/AN/AN/A
WKME
WALKME LTD
$720.56M$7.93$13.9275.50%Hold69.14%N/AN/AN/A
BSY
BENTLEY SYSTEMS INC
$16.05B$53.99$60.4011.87%Strong Buy510.99%-21.90%31.31%8.33%
CWAN
CLEARWATER ANALYTICS HOLDINGS INC
$4.01B$16.40$22.5037.20%Buy419.31%N/AN/AN/A
SMAR
SMARTSHEET INC
$5.26B$38.28$48.8727.66%Strong Buy1515.19%N/AN/AN/A
INST
INSTRUCTURE HOLDINGS INC
$2.85B$19.65$29.6750.98%Strong Buy616.68%N/AN/AN/A
ONTF
ON24 INC
$280.88M$6.74$9.0033.53%Hold1-11.94%N/AN/AN/A
SPT
SPROUT SOCIAL INC
$2.89B$51.39$73.4642.94%Strong Buy1128.58%N/AN/AN/A
NTWK
NETSOL TECHNOLOGIES INC
$30.30M$2.66N/AN/AN/AN/AN/AN/AN/AN/A
CREX
CREATIVE REALITIES INC
$36.46M$3.49N/AN/AN/AN/A37.38%N/AN/AN/A
PERF
PERFECT CORP
$240.36M$2.36$3.0027.12%Hold19.80%N/AN/AN/A
SOPA
SOCIETY PASS INCORPORATED
$5.40M$0.14$3.001,997.90%Strong Buy1125.05%N/AN/AN/A
PSQH
PSQ HOLDINGS INC
$114.56M$4.05$8.50109.88%Strong Buy1401.94%N/AN/AN/A
FTFT
FUTURE FINTECH GROUP INC
$17.77M$0.89N/AN/AN/AN/AN/AN/AN/AN/A
BLKB
BLACKBAUD INC
$4.17B$77.95$88.0012.89%Buy17.41%901.67%N/AN/A
BTDR
BITDEER TECHNOLOGIES GROUP
$710.99M$6.35$14.42127.04%Strong Buy632.98%N/AN/AN/A
BLBX
BLACKBOXSTOCKS INC
$8.71M$2.70N/AN/AN/AN/AN/AN/AN/AN/A
GVP
GSE SYSTEMS INC
$7.80M$2.57$13.00405.84%Buy116.81%N/AN/AN/A
IDAI
T STAMP INC
$7.78M$0.77N/AN/AN/AN/AN/AN/AN/AN/A
COMP
COMPASS INC
$1.62B$3.30$3.7814.48%Buy911.83%N/AN/AN/A
DHX
DHI GROUP INC
$122.00M$2.54$7.00175.59%Buy1-3.07%N/AN/AN/A
MAPS
WM TECHNOLOGY INC
$158.33M$1.06N/AN/AN/AN/A6.38%N/AN/AN/A
EB
EVENTBRITE INC
$548.05M$5.38$10.80100.74%Strong Buy513.88%N/AN/AN/A
PD
PAGERDUTY INC
$1.93B$20.83$27.5732.36%Buy711.31%N/AN/AN/A
XPER
XPERI INC
$440.50M$9.95$15.0050.75%Strong Buy1N/AN/AN/AN/A
HTCR
HEARTCORE ENTERPRISES INC
$19.20M$0.92N/AN/AN/AN/A10.59%N/AN/AN/A
CYN
CYNGN INC
$9.05M$0.11N/AN/AN/AN/AN/AN/AN/AN/A
GRND
GRINDR INC
$1.73B$9.89$13.3334.81%Strong Buy323.72%N/AN/AN/A
SOUN
SOUNDHOUND AI INC
$1.36B$4.40$6.8856.36%Buy5N/AN/AN/AN/A
OBLG
OBLONG INC
$1.84M$0.11N/AN/AN/AN/AN/AN/AN/AN/A
BLND
BLEND LABS INC
$625.08M$2.48$3.2029.03%Strong Buy316.34%N/AN/AN/A
ESTC
ELASTIC NV
$10.83B$107.43$118.2910.11%Strong Buy1410.40%N/AN/AN/A
ZETA
ZETA GLOBAL HOLDINGS CORP
$2.82B$12.89$14.4011.71%Strong Buy518.93%N/AN/AN/A
ZENV
ZENVIA INC
$95.08M$2.27N/AN/AN/AN/A16.87%N/AN/AN/A
BMTX
BM TECHNOLOGIES INC
$17.85M$1.48$8.00440.54%Strong Buy1N/AN/AN/AN/A
MITK
MITEK SYSTEMS INC
$594.24M$12.70$19.0049.61%Buy210.79%N/AN/AN/A
BIGC
BIGCOMMERCE HOLDINGS INC
$451.94M$5.90$10.0069.49%Hold7N/AN/AN/AN/A
DPSI
DECISIONPOINT SYSTEMS INC
$62.44M$8.13N/AN/AN/AN/AN/AN/AN/AN/A
RSSS
RESEARCH SOLUTIONS INC
$99.33M$3.05N/AN/AN/AN/A10.06%N/AN/AN/A
JAMF
JAMF HOLDING CORP
$2.48B$19.55$22.4014.58%Buy510.07%N/AN/AN/A
UPBD
UPBOUND GROUP INC
$1.76B$32.41$42.0029.59%Strong Buy23.84%N/AN/AN/A
EVBG
EVERBRIDGE INC
$1.44B$34.88$29.20-16.28%Hold53.16%N/AN/AN/A
DOMO
DOMO INC
$288.66M$7.59$13.0071.28%Buy34.40%N/AN/AN/A
CVLT
COMMVAULT SYSTEMS INC
$4.29B$98.30$103.004.78%Buy28.42%N/AN/AN/A
VCSA
VACASA INC
$167.89M$7.50$11.1348.33%Buy40.66%N/AN/AN/A
EGHT
8X8 INC
$280.17M$2.27$3.8067.40%Buy510.57%N/AN/AN/A
FAAS
DIGIASIA CORP
$380.01M$6.76N/AN/AN/AN/AN/AN/AN/AN/A
MNDR
MOBILE-HEALTH NETWORK SOLUTIONS
N/A$23.99N/AN/AN/AN/A74.58%N/AN/AN/A
LPSN
LIVEPERSON INC
$46.35M$0.53$1.63208.94%Sell4-13.22%N/AN/AN/A
QTWO
Q2 HOLDINGS INC
$3.15B$53.28$52.90-0.71%Strong Buy1010.69%N/AN/AN/A
NXTT
NEXT TECHNOLOGY HOLDING INC
$12.08M$4.60N/AN/AN/AN/AN/AN/AN/AN/A
BNAI
BRAND ENGAGEMENT NETWORK INC
$88.90M$2.67N/AN/AN/AN/AN/AN/AN/AN/A
GWRE
GUIDEWIRE SOFTWARE INC
$9.46B$113.55$130.0014.49%Strong Buy118.42%N/AN/AN/A
AHI
ADVANCED HEALTH INTELLIGENCE LTD
$11.76M$1.50N/AN/AN/AN/AN/AN/AN/AN/A
MRIN
MARIN SOFTWARE INC
$7.59M$2.52N/AN/AN/AN/AN/AN/AN/AN/A
OLB
OLB GROUP INC
$6.53M$0.36N/AN/AN/AN/AN/AN/AN/AN/A
KC
KINGSOFT CLOUD HOLDINGS LTD
$754.17M$3.16$4.3537.66%Strong Buy44.07%N/AN/AN/A
AIXI
XIAO-I CORP
$92.22M$1.28N/AN/AN/AN/A13.38%N/AN/AN/A
PWSC
POWERSCHOOL HOLDINGS INC
$3.56B$17.57$28.2060.50%Strong Buy512.83%N/AN/AN/A
UPLD
UPLAND SOFTWARE INC
$63.48M$2.20$3.5059.09%Strong Sell1-8.54%N/AN/AN/A
PRCH
PORCH GROUP INC
$338.66M$3.47$4.9442.31%Strong Buy411.05%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 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 39.43% over the past year, overperforming other app stocks by 11 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -31.58% from Full Truck Alliance Co's current stock price of $8.77.

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. 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 5.72% 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 47.15% from Red Violet's current stock price of $16.99.

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 6.92% over the past year, underperforming other app stocks by -21 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 20.48% from Agilysys's current stock price of $83.00.

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 12.83%, which is 10 percentage points higher than the app industry average of 2.39%. 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 2.39%.

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 4.38%, which is 2 percentage points higher than the app industry average of 2.39%. 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 up?

App stocks were up 0.47% in the last day, and up 3.25% over the last week. Appfolio was the among the top gainers in the software - application industry, gaining 12.05% yesterday.

AppLovin shares are trading higher possibly in sympathy with Snap, which reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates.

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 -2.09% 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 27.64% in the past year. It has performed in line with other stocks in the app industry.

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 -73.42% in the past year. It has underperformed other stocks in the app industry by -102 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 19.83% 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 91.33x.
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.