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Sectors & IndustriesTechnologySoftware - Application
Best App Stocks to Buy Now (2022)
Top app stocks in 2022 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
YALA
YALLA GROUP LTD
$578.86M$296.05MN/A$82.06M$0.5516.59%N/A10.00%N/A
APPS
DIGITAL TURBINE INC
$1.86B$764.45M$157.51M$53.70M$0.5544.15%99.16%-8.33%N/A
SPNS
SAPIENS INTERNATIONAL CORP N V
$1.05B$474.50M$89.95M$52.89M$0.977.00%13.25%25.97%117.34%
ESMT
ENGAGESMART INC
$2.70B$281.64M$34.31M$14.76M$0.0841.06%N/AN/AN/A
CCRD
CORECARD CORP
$248.49M$66.99M$25.09M$15.55M$1.8049.44%49.51%87.50%74.89%
GLOB
GLOBANT SA
$7.96B$1.67BN/A$138.68M$3.3345.17%34.08%57.08%32.35%
SNCR
SYNCHRONOSS TECHNOLOGIES INC
$80.87M$264.83M$43.78M-$46.42M$0.06-4.10%-8.06%N/AN/A
KARO
KAROOOOO LTD
$779.97M$170.78M$74.23M$30.01M$0.977.08%N/A3.73%N/A2023-01-16
DCBO
DOCEBO INC
$1.08B$133.76M$3.69M$3.99M$0.1243.52%N/AN/AN/A
SSTI
SHOTSPOTTER INC
$407.47M$73.98M$12.67M$4.12M$0.3330.16%27.69%N/AN/A
PUBM
PUBMATIC INC
$832.65M$257.64M$91.40M$44.16M$0.8624.11%N/A-12.24%N/A
IBEX
IBEX LTD
$477.64M$512.88M$66.57M$24.28M$1.3315.65%N/A150.94%N/A
ADSK
AUTODESK INC
$43.41B$4.74B$943.40M$557.80M$2.5517.42%19.39%-57.43%N/A
CLSK
CLEANSPARK INC
$107.38M$141.05M$20.79M-$20.73M-$0.51559.61%212.86%N/AN/A2022-12-14
MTLS
MATERIALISE NV
$561.70M$228.35M$35.72M$7.05M$0.122.18%8.81%400.00%N/A
DSGX
DESCARTES SYSTEMS GROUP INC
$6.06B$460.69M$183.51M$90.70M$1.0719.87%16.34%24.42%25.77%2022-12-07
ZDGE
ZEDGE INC
$34.38M$26.55M$13.57M$9.71M$0.6935.65%21.49%9.52%N/A2022-12-13
DV
DOUBLEVERIFY HOLDINGS INC
$4.55B$424.32M$85.97M$53.51M$0.3438.73%N/A325.00%N/A
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
$13.47B$5.24B$1.81B$693.60M$2.715.62%26.18%-6.87%20.20%
PAYA
PAYA HOLDINGS INC
$1.19B$276.91M$58.70M$9.47M$0.0717.19%N/AN/AN/A
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
$857.80M$552.65M$67.00M$35.65M$0.6422.30%17.47%12.28%18.84%
INTU
INTUIT INC
$114.60B$13.32B$3.39B$1.88B$6.6229.07%20.11%-13.58%10.88%
NATI
NATIONAL INSTRUMENTS CORP
$5.44B$1.63B$263.09M$139.91M$1.0615.00%5.14%165.00%5.53%2023-01-25
DT
DYNATRACE INC
$11.24B$1.04B$130.99M$28.16M$0.1027.52%N/A-66.67%N/A2023-01-31
PCTY
PAYLOCITY HOLDING CORP
$12.23B$924.23M$133.55M$90.20M$1.6335.61%23.90%0.00%53.70%2023-02-01
NOW
SERVICENOW INC
$83.40B$6.92B$716.00M$201.00M$1.0025.09%31.56%-10.71%N/A2023-01-24
AGMH
AGM GROUP HOLDINGS INC
$43.22M$36.71M$5.06M$3.55M$0.1768,767.71%39.77%N/A-58.30%2022-12-05
VCSA
VACASA INC
$630.82M$1.16B-$4.16M$435.10M$1.4944.18%N/AN/AN/A
PTC
PTC INC
$14.86B$1.93B$573.41M$313.08M$2.676.98%10.68%-34.56%121.57%2023-01-24
CVLT
COMMVAULT SYSTEMS INC
$2.98B$794.37M$53.97M$26.03M$0.587.26%3.53%11.54%96.10%2023-01-23
RIOT
RIOT BLOCKCHAIN INC
$829.79M$289.91M-$328.64M-$386.72M-$2.96127.13%395.87%N/AN/A
NICE
NICE LTD
$13.21B$2.13B$492.83M$249.90M$3.9315.88%11.03%22.05%21.24%
OTEX
OPEN TEXT CORP
$7.92B$3.51B$916.15M$148.25M$0.542.90%7.56%-56.80%0.37%2023-02-01
PAYC
PAYCOM SOFTWARE INC
$20.40B$1.29B$433.93M$250.13M$4.3130.07%25.95%45.61%18.05%
FRSH
FRESHWORKS INC
$4.37B$470.31M-$209.87M-$251.39M$10.6138.92%N/AN/AN/A
OTMO
OTONOMO TECHNOLOGIES LTD
$57.51M$4.18M-$102.98M-$96.77M-$0.61437.02%N/AN/AN/A
AGYS
AGILYSYS INC
$1.68B$181.27M$13.95M$8.30M$0.3321.14%7.20%N/AN/A2023-01-23
MNDO
MIND CTI LTD
$43.93M$22.15M$6.19M$5.54M$0.27-15.41%3.95%-6.90%0.76%
BMBL
BUMBLE INC
$4.66B$872.51M$155.87M$20.02M$0.1620.90%N/A-90.00%N/A
CDNS
CADENCE DESIGN SYSTEMS INC
$47.30B$3.43B$1.17B$785.14M$2.8815.45%12.45%13.39%25.10%
MAPS
WM TECHNOLOGY INC
$197.69M$220.42M$31.75M$27.92M$0.4320.26%N/A-99.18%N/A
ZI
ZOOMINFO TECHNOLOGIES INC
$11.82B$1.02B$278.60M$184.90M$0.6953.28%N/A762.50%N/A
MYSZ
MY SIZE INC
$5.92M$1.97M-$8.29M-$8.65M-$0.332,069.23%N/AN/AN/A
IMMR
IMMERSION CORP
$255.56M$39.04M$18.19M$12.30M$0.377.63%0.86%-42.19%N/A
TSRI
TSR INC
$16.45M$100.65M$1.68M$1.02M$0.4230.42%9.35%-85.71%24.57%2023-01-09
DDOG
DATADOG INC
$23.72B$1.53B$66.97M-$13.96M-$0.0574.06%N/AN/AN/A
AMSWA
AMERICAN SOFTWARE INC
$502.40M$129.81M$16.88M$10.74M$0.3111.20%4.15%-11.43%-12.37%
IDEX
IDEANOMICS INC
$131.88M$110.12M-$283.53M-$298.81M-$0.6412.69%-4.35%N/AN/A
CRM
SALESFORCE INC
$144.56B$30.29B$4.12B$278.00M$0.2621.26%24.78%-85.87%-5.22%
MIXT
MIX TELEMATICS LTD
$173.35M$142.64M$26.21M$3.59M$0.252.31%N/A-68.75%N/A2023-02-02
PRCH
PORCH GROUP INC
$229.26M$260.28M-$100.41M-$138.67M-$1.4263.24%N/AN/AN/A
LTCH
LATCH INC
$130.70M$48.39MN/A-$172.45M-$1.59120.30%N/AN/AN/A
AEYE
AUDIOEYE INC
$57.43M$28.67M-$11.01M-$13.51M-$1.1921.47%66.16%N/AN/A2023-01-18
CALX
CALIX INC
$4.73B$799.74M$67.44M$48.96M$0.7618.83%9.66%-80.26%N/A2023-01-24
SEAC
SEACHANGE INTERNATIONAL INC
$21.18M$29.77M-$12.18M-$13.04M-$0.2637.29%-17.45%N/AN/A2022-12-12
BSQR
BSQUARE CORP
$23.67M$37.61M-$3.03M-$3.42M-$0.17-11.21%-15.66%N/AN/A
TEAM
ATLASSIAN CORP
$36.03B$3.00B-$68.00M-$227.76M-$0.8933.54%34.32%N/AN/A2023-01-19
LSPD
LIGHTSPEED COMMERCE INC
$2.59B$656.82M-$259.96M-$360.75M-$2.4268.78%N/AN/AN/A2023-01-31
MTTR
MATTERPORT INC
$896.82M$122.07M-$200.45M-$211.98M-$0.8513.37%N/AN/AN/A
MANH
MANHATTAN ASSOCIATES INC
$7.89B$740.48M$146.43M$111.67M$1.7615.84%4.36%1.15%0.23%2023-01-30
AMST
AMESITE INC
$9.54M$836.59k-$7.40M-$8.26M-$0.3318.64%N/AN/AN/A
NCNO
NCINO INC
$2.96B$374.09M-$76.06M-$88.63M-$0.8146.42%N/AN/AN/A
SMRT
SMARTRENT INC
$491.90M$161.94M-$102.96M-$100.89M-$0.0380.79%N/AN/AN/A
GTLB
GITLAB INC
$6.14B$333.04M-$169.94M-$172.14M-$1.2669.61%N/AN/AN/A2022-12-05
RMNI
RIMINI STREET INC
$369.00M$400.32M$26.51M$69.37M$0.8410.29%4.92%N/AN/A
FTFT
FUTURE FINTECH GROUP INC
$26.54M$35.39M-$10.27M-$11.10M-$0.15169.90%14.06%N/AN/A
PRGS
PROGRESS SOFTWARE CORP
$2.32B$585.01M$138.25M$86.29M$1.9813.91%7.94%7.03%N/A2023-01-16
SRAD
SPORTRADAR GROUP AG
$12.80B$683.10M$250.89M$47.85MN/A11.21%N/AN/AN/A
ANY
SPHERE 3D CORP
$20.80M$5.49M-$59.22M-$85.49M-$1.3311.39%-41.70%N/AN/A
RDVT
RED VIOLET INC
$336.79M$51.51M$7.02M$376.00k$0.0123.44%N/A-75.00%N/A
BLBX
BLACKBOXSTOCKS INC
$5.54M$5.58M-$5.61M-$5.75M-$0.482.01%48.06%N/AN/A
DSP
VIANT TECHNOLOGY INC
$240.02M$225.37M$6.54M-$8.16M-$0.5413.90%N/AN/AN/A
CIH
CHINA INDEX HOLDINGS LTD
$70.98M$69.57MN/A$24.06M$0.27-28.78%N/AN/AN/A
OCFT
ONECONNECT FINANCIAL TECHNOLOGY CO LTD
$282.46M$626.12M-$151.45M-$146.49MN/A2.68%N/AN/AN/A
PCYG
PARK CITY GROUP INC
$95.50M$18.21M$5.73M$3.75M$0.20-10.49%-1.30%0.00%7.39%
NXPL
NEXTPLAT CORP
$15.58M$11.15M-$11.23M-$11.76M-$1.4555.02%15.38%N/AN/A
DCT
DUCK CREEK TECHNOLOGIES INC
$1.51B$302.92M$13.87M-$8.33M-$0.0616.35%14.09%N/AN/A2023-01-04
LAZR
LUMINAR TECHNOLOGIES INC
$3.02B$41.92M-$353.34M-$375.02M-$1.0690.25%N/AN/AN/A
OLO
OLO INC
$1.18B$175.58M-$38.57M-$39.81M-$0.2225.46%N/AN/AN/A
WKME
WALKME LTD
$777.28M$233.40M-$91.15M-$100.49M-$1.0330.43%N/AN/AN/A
DAVE
DAVE INC
$151.24M$186.32M-$108.75M-$122.61M-$0.4426.49%N/AN/AN/A
DGHI
DIGIHOST TECHNOLOGY INC
$16.28M$28.09M$10.78M$3.23M$0.1469.73%N/A-12.50%N/A
SOPA
SOCIETY PASS INCORPORATED
$43.46M$3.41M-$39.97M-$43.25M-$2.682,947.37%N/AN/AN/A
RCAT
RED CAT HOLDINGS INC
$62.25M$8.10M-$13.44M-$13.94M-$0.2638.53%N/AN/AN/A2022-12-19
STNE
STONECO LTD
$3.73B$1.69B$513.54M-$268.38M-$0.87118.25%N/AN/AN/A
DUOL
DUOLINGO INC
$2.84B$338.69M-$58.65M-$63.16M-$1.4349.84%N/AN/AN/A
FROG
JFROG LTD
$2.27B$262.73M-$63.77M-$89.72M-$0.9238.18%N/AN/AN/A
PALT
PALTALK INC
$14.11M$11.30M-$2.34M-$2.92M-$0.33-16.81%-15.30%N/AN/A
ACVA
ACV AUCTIONS INC
$1.37B$423.73M-$91.21M-$103.99M-$0.6735.80%N/AN/AN/A
LAW
CS DISCO INC
$446.92M$136.46M-$56.54M-$61.19M-$1.0136.85%N/AN/AN/A
EMBK
EMBARK TECHNOLOGY INC
$104.23M$0.00-$136.21M-$144.57M$3.67N/AN/AN/AN/A
ANSS
ANSYS INC
$22.37B$2.03B$705.62M$468.93M$5.388.13%13.77%-0.19%10.61%
CYN
CYNGN INC
$26.41M$0.00-$15.32M-$15.75M$4.16N/AN/AN/AN/A
ALRM
ALARMCOM HOLDINGS INC
$2.50B$829.71M$93.02M$47.40M$0.9515.36%21.00%-20.17%6.92%
MNDY
MONDAYCOM LTD
$4.91B$464.65M-$166.29M-$159.78M-$3.4176.84%N/AN/AN/A
ASAP
WAITR HOLDINGS INC
$8.10M$130.00M-$151.24M-$170.48M-$20.60-31.72%87.23%N/AN/A
RSKD
RISKIFIED LTD
$871.72M$251.78M-$113.25M-$120.05M$0.3216.37%N/AN/AN/A
CREX
CREATIVE REALITIES INC
$13.01M$38.26M$6.08M$1.49M$0.05112.29%14.95%-66.67%N/A
MLNK
MERIDIANLINK INC
$1.22B$281.52M$83.47M$3.54M$0.079.29%N/AN/AN/A
OLB
OLB GROUP INC
$12.50M$32.23M-$599.35k-$6.92M-$0.58200.44%237.91%N/AN/A

App Stocks FAQ

What are the best app stocks to buy right now in Dec 2022?

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

1. Yalla Group (NYSE:YALA)


Yalla Group (NYSE:YALA) is the top app stock with a Zen Score of 61, which is 33 points higher than the app industry average of 28. It passed 20 out of 33 due diligence checks and has strong fundamentals. Yalla Group has seen its stock lose -45.63% over the past year, underperforming other app stocks by -2 percentage points.

Yalla Group has an average 1 year price target of $25.00, an upside of 570.24% from Yalla Group's current stock price of $3.73.

Yalla Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Yalla Group, 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.

2. Digital Turbine (NASDAQ:APPS)


Digital Turbine (NASDAQ:APPS) is the second best app stock with a Zen Score of 59, which is 31 points higher than the app industry average of 28. It passed 20 out of 33 due diligence checks and has strong fundamentals. Digital Turbine has seen its stock lose -62.86% over the past year, underperforming other app stocks by -19 percentage points.

Digital Turbine has an average 1 year price target of $27.75, an upside of 47.45% from Digital Turbine's current stock price of $18.82.

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

3. Sapiens International N V (NASDAQ:SPNS)


Sapiens International N V (NASDAQ:SPNS) is the third best app stock with a Zen Score of 54, which is 26 points higher than the app industry average of 28. It passed 20 out of 38 due diligence checks and has strong fundamentals. Sapiens International N V has seen its stock lose -46.75% over the past year, underperforming other app stocks by -3 percentage points.

Sapiens International N V has an average 1 year price target of $22.33, an upside of 17.54% from Sapiens International N V's current stock price of $19.00.

Sapiens International N V stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Sapiens International N V, 25% have issued a Strong Buy rating, 25% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 50% 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 11.9%, which is 9 percentage points higher than the app industry average of 2.44%. 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. Sapiens International N V (NASDAQ:SPNS)


Sapiens International N V (NASDAQ:SPNS) has an annual dividend yield of 3.68%, which is 1 percentage points higher than the app industry average of 2.44%. Sapiens International N V's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Sapiens International N V's dividend has shown consistent growth over the last 10 years.

Sapiens International N V's dividend payout ratio of 72.2% indicates that its dividend yield is sustainable for the long-term.

3. Open Text (NASDAQ:OTEX)


Open Text (NASDAQ:OTEX) has an annual dividend yield of 3.17%, which is 1 percentage points higher than the app industry average of 2.44%. Open Text's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Open Text's dividend has shown consistent growth over the last 10 years.

Open Text's dividend payout ratio of 167.8% indicates that its dividend yield might not be sustainable for the long-term.

Why are app stocks down?

App stocks were down -0.7% in the last day, and up 3.9% over the last week. Idex Biometrics Asa was the among the top losers in the software - application industry, dropping -16.38% yesterday.

Shares of several companies in the broader tech sector are trading lower amid overall market weakness following bigger-than-expected nonfarm payroll data. A rise in US Treasury yields has also weighed on the sector.

What are the most undervalued app stocks?

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

1. Synchronoss Technologies (NASDAQ:SNCR)


Synchronoss Technologies (NASDAQ:SNCR) is the most undervalued app stock based on WallStreetZen's Valuation Score. Synchronoss Technologies has a valuation score of 86, which is 63 points higher than the app industry average of 23. It passed 6 out of 7 valuation due diligence checks.

Synchronoss Technologies's stock has dropped -66.79% in the past year. It has underperformed other stocks in the app industry by -23 percentage points.

2. Wm Technology (NASDAQ:MAPS)


Wm Technology (NASDAQ:MAPS) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Wm Technology has a valuation score of 71, which is 48 points higher than the app industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Wm Technology's stock has dropped -80.43% in the past year. It has underperformed other stocks in the app industry by -37 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 48 points higher than the app industry average of 23. It passed 5 out of 7 valuation due diligence checks.

China Index Holdings's stock has dropped -17.37% in the past year. It has overperformed other stocks in the app industry by 26 percentage points.

Are app stocks a good buy now?

47.19% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 34.25% 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 6.38x.
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.