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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
AGYS
AGILYSYS INC
$1.68B$206.62M$18.17M$11.26M$0.4620.54%10.14%109.09%N/A2023-10-23
TTD
TRADE DESK INC
$38.39B$1.73B$264.09M$129.32M$0.2724.74%35.45%285.71%15.04%2023-11-07
ZM
ZOOM VIDEO COMMUNICATIONS INC
$21.10B$4.46B$433.70M$141.73M$0.473.92%N/A-85.84%N/A2023-11-20
DV
DOUBLEVERIFY HOLDINGS INC
$4.67B$502.23M$121.88M$53.41M$0.3227.10%N/A-3.03%N/A2023-11-06
NATI
NATIONAL INSTRUMENTS CORP
$7.93B$1.73B$300.87M$179.40M$1.3710.28%5.50%73.42%22.33%2023-10-25
INTU
INTUIT INC
$145.12B$14.37B$4.13B$2.38B$8.4912.90%18.98%15.04%10.39%2023-11-27
PUBM
PUBMATIC INC
$609.97M$257.53M$55.09M$4.51M$0.082.51%N/A-92.52%N/A2023-11-06
ZI
ZOOMINFO TECHNOLOGIES INC
$6.49B$1.20B$403.90M$123.70M$0.3029.05%N/A-40.00%N/A2023-10-30
ADSK
AUTODESK INC
$44.67B$5.21B$1.15B$874.00M$4.089.87%18.39%59.38%N/A2023-11-20
CRM
SALESFORCE INC
$198.21B$33.07B$6.44B$1.58B$1.6112.79%22.78%203.77%4.37%2023-11-28
MIXT
MIX TELEMATICS LTD
$127.42M$146.29M$34.66M$5.45M$0.301.97%N/A-14.29%N/A2023-11-02
NOW
SERVICENOW INC
$113.27B$8.02B$1.15B$1.42B$6.9921.47%28.80%651.61%N/A2023-10-24
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
$12.93B$5.38B$1.96B$624.20M$2.483.90%19.89%-11.43%17.87%2023-10-25
TSRI
TSR INC
$17.79M$101.43M$2.87M$1.74M$0.814.23%9.31%-76.32%26.51%2023-10-09
DT
DYNATRACE INC
$13.76B$1.22B$165.91M$144.03M$0.5024.03%N/A257.14%N/A2023-10-31
YALA
YALLA GROUP LTD
$835.67M$307.94MN/A$91.32M$0.597.19%N/A5.36%N/A2023-11-13
HKD
AMTD DIGITAL INC
$1.06B$33.07M$49.41M$41.74M$0.2230.85%N/A36.59%N/A
IMMR
IMMERSION CORP
$217.31M$37.23M$43.64M$42.71M$1.2915.57%-19.53%396.15%-2.97%2023-11-01
AMSWA
AMERICAN SOFTWARE INC
$391.21M$121.53M$16.79M$11.04M$0.33-6.21%1.43%-5.71%-1.17%2023-11-15
CDNS
CADENCE DESIGN SYSTEMS INC
$64.28B$3.80B$1.25B$889.62M$3.3015.76%13.44%16.20%33.10%2023-10-23
SPNS
SAPIENS INTERNATIONAL CORP N V
$1.57B$491.48M$93.01M$56.36M$1.023.84%11.38%6.25%34.70%2023-11-01
AVID
AVID TECHNOLOGY INC
$1.18B$425.44M$43.94M$32.31M$0.731.53%0.79%-31.13%N/A2023-11-06
BSY
BENTLEY SYSTEMS INC
$14.73B$1.17B$296.87M$156.87M$0.529.74%N/A62.50%N/A2023-11-06
DSGX
DESCARTES SYSTEMS GROUP INC
$6.19B$526.62M$213.61M$113.69M$1.3514.31%15.18%26.17%30.26%2023-11-29
PCTY
PAYLOCITY HOLDING CORP
$10.35B$1.17B$219.48M$140.82M$2.5337.76%25.48%53.33%27.87%2023-11-01
PTC
PTC INC
$16.74B$2.06B$622.48M$306.77M$2.617.99%10.74%-38.73%39.73%2023-10-31
RDVT
RED VIOLET INC
$263.10M$57.40M$9.37M$2.82M$0.1919.22%36.20%N/AN/A2023-11-06
MANH
MANHATTAN ASSOCIATES INC
$12.26B$848.23M$188.64M$145.95M$2.3319.21%8.30%24.60%8.08%2023-10-23
SURG
SURGEPAYS INC
$65.00M$143.06M$14.62M$12.02M$0.8783.79%58.11%N/A-19.03%2023-11-13
DCBO
DOCEBO INC
$1.29B$160.97M$3.61M$7.45M$0.2329.96%N/AN/AN/A2023-11-08
ANSS
ANSYS INC
$25.81B$2.17B$760.46M$524.07M$6.038.86%13.24%14.64%10.93%2023-10-31
INLX
INTELLINETICS INC
$18.33M$16.34M$2.04M$666.62k$0.1735.80%48.67%750.00%N/A2023-11-13
PLUS
EPLUS INC
$1.74B$2.18B$202.96M$130.86M$4.9117.22%9.27%25.26%18.74%2023-11-01
PRGS
PROGRESS SOFTWARE CORP
$2.26B$650.82M$135.98M$81.27M$1.8811.98%10.60%-14.16%13.92%
OTEX
OPEN TEXT CORP
$9.49B$4.48B$1.21B$150.38M$0.5628.37%9.76%-61.64%-9.25%2023-11-01
TIO
TINGO GROUP INC
$203.17M$1.95B$709.25M$249.20M$1.513,392.30%143.99%N/AN/A2023-11-13
OTMO
OTONOMO TECHNOLOGIES LTD
$38.60M$7.51M-$76.28M-$74.93M-$7.8879.66%N/AN/AN/A2023-11-10
PDFS
PDF SOLUTIONS INC
$1.22B$162.74M$15.77M$9.06M$0.2427.53%10.42%N/AN/A2023-11-08
KARO
KAROOOOO LTD
$631.25M$206.95M$82.52M$33.60M$1.09-0.23%N/A-7.94%N/A2023-10-11
CALX
CALIX INC
$3.03B$991.86M$73.02M$44.34M$0.6834.83%15.73%-79.64%N/A2023-10-23
PCYG
PARK CITY GROUP INC
$156.49M$19.10M$7.11M$5.00M$0.275.83%-2.82%50.00%14.04%2023-11-13
EGAN
EGAIN CORP
$194.57M$98.01M$4.99M$2.11M$0.076.59%9.84%N/AN/A2023-11-13
SSNT
SILVERSUN TECHNOLOGIES INC
$18.13M$49.71M$1.96M$467.06k$0.0917.64%5.89%N/AN/A2023-11-13
NICE
NICE LTD
$11.05B$2.28B$551.00M$306.73M$4.8110.11%10.33%35.88%12.33%2023-11-09
RSSS
RESEARCH SOLUTIONS INC
$72.21M$37.70M$629.87k$571.62k$0.0214.48%6.12%N/AN/A2023-11-08
API
AGORA INC
$242.90M$151.59M-$110.24M-$124.85M-$1.48-8.12%N/AN/AN/A2023-11-20
PAYC
PAYCOM SOFTWARE INC
$15.72B$1.56B$553.62M$315.92M$5.4528.55%25.61%38.68%16.59%2023-10-30
MNDO
MIND CTI LTD
$38.28M$21.36M$5.42M$5.05M$0.25-10.61%3.32%-10.71%-0.78%2023-11-06
GRAB
GRAB HOLDINGS LTD
$13.59B$1.98B-$745.00M-$1.09B-$0.27138.65%N/AN/AN/A2023-11-15
PALT
PALTALK INC
$17.06M$10.94M-$1.70M-$2.15M-$0.23-9.28%-12.87%N/AN/A2023-11-06
MITK
MITEK SYSTEMS INC
$481.43M$168.58M$40.23M$8.79M$0.2028.66%26.96%5.26%-0.97%
OCFT
ONECONNECT FINANCIAL TECHNOLOGY CO LTD
$122.01M$584.00MN/A-$69.40MN/A-13.36%N/AN/AN/A2023-11-08
LSPD
LIGHTSPEED COMMERCE INC
$2.10B$765.71M-$938.08M-$1.02B-$6.7326.29%N/AN/AN/A2023-11-01
TEAM
ATLASSIAN CORP
$50.82B$3.53B-$220.07M-$486.76M-$1.9026.11%32.03%N/AN/A2023-11-02
APP
APPLOVIN CORP
$14.20B$2.88B$770.35M$19.66M$0.05-1.41%N/AN/AN/A2023-11-07
VTEX
VTEX
$933.74M$174.41M$6.46M-$26.40M-$0.1422.51%N/AN/AN/A2023-11-06
LPSN
LIVEPERSON INC
$295.46M$457.22M-$36.28M-$91.57M-$1.29-9.44%14.36%N/AN/A2023-11-06
DPSI
DECISIONPOINT SYSTEMS INC
$39.05M$108.14M$7.40M$3.24M$0.4431.99%11.80%120.00%N/A2023-11-13
SMRT
SMARTRENT INC
$526.62M$206.53M-$67.79M-$70.90M-$0.3638.09%N/AN/AN/A2023-11-11
EB
EVENTBRITE INC
$984.81M$295.84M-$2.65M-$32.72M-$0.3225.93%2.97%N/AN/A2023-11-01
MTLS
MATERIALISE NV
$321.33M$293.93M$31.71M$361.80k$0.0024.01%7.78%-100.00%-100.00%2023-10-25
TROO
TROOPS INC
$407.41M$3.88M$1.63M-$346.00k-$0.015.21%137.76%N/AN/A
SAP
SAP SE
$157.94B$35.14B$7.75B$2.63B$4.9413.34%4.06%37.12%2.73%2023-10-18
BSQR
BSQUARE CORP
$23.42M$31.03M-$2.17M-$2.68M-$0.12-22.14%-17.05%N/AN/A2023-11-08
CCRD
CORECARD CORP
$173.21M$60.72M$14.78M$5.49M$0.65-7.25%36.05%-66.32%16.72%2023-10-31
ALRM
ALARMCOM HOLDINGS INC
$2.99B$857.87M$117.85M$66.63M$1.346.45%17.94%57.65%11.43%2023-11-06
AI
C3AI INC
$2.92B$273.85M-$247.60M-$261.33M-$2.343.08%N/AN/AN/A
LAW
CS DISCO INC
$408.34M$134.42M-$68.23M-$74.03M-$1.241.95%N/AN/AN/A2023-11-08
BILL
BILL HOLDINGS INC
$11.59B$1.06B-$117.75M-$223.73M-$2.1164.88%74.80%N/AN/A2023-11-01
IDN
INTELLICHECK INC
$43.03M$17.53M-$2.95M-$3.38M-$0.188.66%34.40%N/AN/A2023-11-13
ENFN
ENFUSION INC
$1.12B$163.36M$17.33M$5.61M$0.0824.15%N/AN/AN/A2023-11-23
NCNO
NCINO INC
$3.53B$445.39M-$21.98M-$71.91M-$0.6431.45%N/AN/AN/A2023-11-30
AMPL
AMPLITUDE INC
$1.36B$261.12M-$90.60M-$100.66M-$0.8826.70%N/AN/AN/A2023-10-31
DDOG
DATADOG INC
$29.85B$1.90B$4.08M-$83.07M-$0.2638.90%N/AN/AN/A2023-11-01
AEYE
AUDIOEYE INC
$62.57M$31.05M-$5.61M-$8.19M-$0.7114.27%50.62%N/AN/A2023-11-08
APPS
DIGITAL TURBINE INC
$604.11M$623.65M$101.11M-$6.43M-$0.06-19.85%50.15%N/AN/A2023-11-07
SPT
SPROUT SOCIAL INC
$2.75B$289.49M-$43.05M-$49.21M-$0.9030.86%N/AN/AN/A2023-11-01
NRDY
NERDY INC
$604.75M$171.57M-$43.12M-$49.48M-$0.545.63%N/AN/AN/A2023-11-13
KC
KINGSOFT CLOUD HOLDINGS LTD
$1.14B$1.08B-$160.17M-$334.02M-$1.39-21.15%N/AN/AN/A2023-11-21
RSKD
RISKIFIED LTD
$783.66M$284.14M-$77.07M-$72.54M-$0.4217.83%N/AN/AN/A2023-11-07
WDAY
WORKDAY INC
$55.98B$6.72B$407.26M-$121.62M-$0.4818.38%22.57%N/AN/A2023-11-27
PRCH
PORCH GROUP INC
$73.92M$328.75M-$205.31M-$250.09M-$2.5932.12%N/AN/AN/A2023-11-06
FRSH
FRESHWORKS INC
$5.69B$544.70M-$158.51M-$191.64M-$0.6724.31%N/AN/AN/A2023-10-30
YMM
FULL TRUCK ALLIANCE CO LTD
$7.42B$1.04BN/A$222.16M$0.2222.25%N/AN/AN/A
PYCR
PAYCOR HCM INC
$4.01B$552.69M$31.12M-$93.22M-$0.5328.72%N/AN/AN/A2023-11-02
FTFT
FUTURE FINTECH GROUP INC
$15.89M$20.20M-$12.19M-$12.77M-$0.85-42.58%27.15%N/AN/A2023-11-20
PBTS
POWERBRIDGE TECHNOLOGIES CO LTD
$1.84M$10.48M-$20.30M-$21.51M-$48.00-67.34%-13.49%N/AN/A
ROP
ROPER TECHNOLOGIES INC
$51.64B$5.78B$3.42B$2.90B$27.3713.84%3.44%0.81%21.21%2023-10-24
MAPS
WM TECHNOLOGY INC
$199.53M$198.64M$78.22M-$115.04M-$1.35-10.04%N/AN/AN/A2023-11-08
DAVE
DAVE INC
$71.67M$236.65M-$87.99M-$105.64M-$9.0939.44%N/AN/AN/A2023-11-11
WKME
WALKME LTD
$793.01M$260.27M-$73.73M-$81.43M-$0.9417.96%N/AN/AN/A2023-11-13
GTLB
GITLAB INC
$7.09B$502.35M-$176.77M-$189.74M-$1.2750.84%N/AN/AN/A
VCSA
VACASA INC
$204.24M$1.19B-$83.61M-$181.77M-$0.8010.39%N/AN/AN/A2023-11-07
MSTR
MICROSTRATEGY INC
$4.64B$500.23M-$171.44M$206.69M$16.41-0.72%-0.23%N/AN/A2023-10-30
ESTC
ELASTIC NV
$7.97B$1.11B-$129.76M-$215.12M-$2.2421.03%43.18%N/AN/A2023-11-28
MTTR
MATTERPORT INC
$665.73M$156.70M-$211.71M-$228.99M-$0.7840.24%N/AN/AN/A2023-11-08
ALKT
ALKAMI TECHNOLOGY INC
$1.68B$234.71M-$43.55M-$59.69M-$0.6432.22%N/AN/AN/A2023-11-01
AMST
AMESITE INC
$6.44M$879.63k-$4.62M-$5.35M-$2.1710.55%N/AN/AN/A2023-11-08
RMNI
RIMINI STREET INC
$188.86M$422.49M$27.12M$4.23M$0.057.22%12.33%-93.42%N/A2023-10-31
CXM
SPRINKLR INC
$3.78B$674.41M$31.88M$6.77M$0.0320.79%N/AN/AN/A

App Stocks FAQ

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

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 35 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 21.29% over the past year, overperforming other app stocks by 10 percentage points.

Agilysys has an average 1 year price target of $86.75, an upside of 31.18% from Agilysys's current stock price of $66.13.

Agilysys stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts 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. Trade Desk (NASDAQ:TTD)


Trade Desk (NASDAQ:TTD) is the second best app stock with a Zen Score of 61, which is 34 points higher than the app industry average of 27. It passed 20 out of 33 due diligence checks and has strong fundamentals. Trade Desk has seen its stock return 28.1% over the past year, overperforming other app stocks by 17 percentage points.

Trade Desk has an average 1 year price target of $89.37, an upside of 14.12% from Trade Desk's current stock price of $78.31.

Trade Desk stock has a consensus Buy recommendation according to Wall Street analysts. Of the 19 analysts covering Trade Desk, 57.89% have issued a Strong Buy rating, 26.32% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 15.79% have issued a Strong Sell.

3. Zoom (NASDAQ:ZM)


Zoom (NASDAQ:ZM) is the third best app stock with a Zen Score of 60, which is 33 points higher than the app industry average of 27. It passed 20 out of 33 due diligence checks and has strong fundamentals. Zoom has seen its stock lose -5.18% over the past year, underperforming other app stocks by -17 percentage points.

Zoom has an average 1 year price target of $82.71, an upside of 17.98% from Zoom's current stock price of $70.11.

Zoom stock has a consensus Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Zoom, 21.43% have issued a Strong Buy rating, 14.29% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 7.14% have issued a Strong Sell.

What are the app stocks with highest dividends?

Out of 22 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 12.66%, which is 11 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 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. Silversun Technologies (NASDAQ:SSNT)


Silversun Technologies (NASDAQ:SSNT) has an annual dividend yield of 5.8%, which is 4 percentage points higher than the app industry average of 2.14%.

Silversun Technologies's dividend payout ratio of 0% indicates that its high dividend yield might not be sustainable for the long-term.

3. Mix Telematics (NYSE:MIXT)


Mix Telematics (NYSE:MIXT) has an annual dividend yield of 4%, which is 2 percentage points higher than the app industry average of 2.14%. 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 76.7% indicates that its dividend yield is sustainable for the long-term.

Why are app stocks down?

App stocks were down -0.17% in the last day, and up 0.05% over the last week. Borqs Technologies was the among the top losers in the software - application industry, dropping -30.73% yesterday.

Shares of technology and software stocks are trading lower amid rising Treasury yields, which have negatively impacted growth stocks.

What are the most undervalued app stocks?

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

1. Tsr (NASDAQ:TSRI)


Tsr (NASDAQ:TSRI) is the most undervalued app stock based on WallStreetZen's Valuation Score. Tsr has a valuation score of 100, which is 79 points higher than the app industry average of 21. It passed 7 out of 7 valuation due diligence checks.

Tsr's stock has gained 15.79% in the past year. It has overperformed other stocks in the app industry by 4 percentage points.

2. Ebix (NASDAQ:EBIX)


Ebix (NASDAQ:EBIX) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Ebix has a valuation score of 71, which is 50 points higher than the app industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Ebix's stock has dropped -53.67% in the past year. It has underperformed other stocks in the app industry by -65 percentage points.

3. Tingo Group (NASDAQ:TIO)


Tingo Group (NASDAQ:TIO) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Tingo Group has a valuation score of 71, which is 50 points higher than the app industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Tingo Group's stock has gained 59.68% in the past year. It has overperformed other stocks in the app industry by 48 percentage points.

Are app stocks a good buy now?

40.91% of app stocks rated by analysts are a buy right now. On average, analysts expect app stocks to rise by 20.65% 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 -0.68x.
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.