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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
NRDY
NERDY INC
$451.66M$193.40M-$36.67M-$40.17M-$0.4118.89%21.84%N/AN/A2024-05-13
MYSZ
MY SIZE INC
$2.16M$7.00M-$6.48M-$6.38M-$20.0056.90%N/AN/AN/A
TYL
TYLER TECHNOLOGIES INC
$19.45B$1.99B$415.93M$189.21M$4.506.77%15.69%20.97%4.80%
SSTI
SOUNDTHINKING INC
$171.73M$92.72M$9.17M-$2.72M-$0.2214.46%21.68%N/AN/A2024-05-07
DOCU
DOCUSIGN INC
$11.78B$2.76B$216.90M$73.98M$0.369.78%31.55%N/AN/A2024-06-06
API
AGORA INC
$230.51M$141.54M-$75.36M-$87.22M-$0.88-11.91%26.52%N/AN/A2024-05-28
QH
QUHUO LTD
$3.45M$512.09M$4.57M$461.13k$0.08-4.73%19.60%N/AN/A
DAVE
DAVE INC
$520.40M$259.09M-$31.10M-$48.52M-$4.0726.49%27.72%N/AN/A2024-05-07
SNOW
SNOWFLAKE INC
$50.97B$2.81B-$674.54M-$836.10M-$2.5535.86%96.15%N/AN/A2024-05-22
BL
BLACKLINE INC
$3.62B$590.00M$116.73M$52.83M$0.8712.82%20.97%N/AN/A2024-05-07
SWVL
SWVL HOLDINGS CORP
$82.47M$21.87M$48.53M$45.32M$37.34-36.29%N/A81.35%N/A
EXFY
EXPENSIFY INC
$139.74M$150.69M-$27.37M-$41.46M-$0.50-11.10%N/AN/AN/A2024-05-08
SMWB
SIMILARWEB LTD
$606.40M$218.02M-$18.55M-$29.37M-$0.3812.83%N/AN/AN/A2024-05-08
ADEA
ADEIA INC
$1.09B$388.79M$237.82M$67.37M$0.63-11.42%-0.87%N/AN/A2024-05-06
BILL
BILL HOLDINGS INC
$6.36B$1.19B-$2.42M-$115.29M-$1.0839.08%N/AN/AN/A2024-05-02
VERX
VERTEX INC
$4.54B$572.39M$59.54M-$13.09M-$0.0916.43%16.01%N/AN/A2024-05-08
ML
MONEYLION INC
$721.96M$423.43M$7.17M-$44.56M-$4.6324.27%N/AN/AN/A2024-05-07
AMST
AMESITE INC
$8.90M$432.36k-$3.06M-$3.67M-$1.13-51.12%N/AN/AN/A2024-05-13
WEAV
WEAVE COMMUNICATIONS INC
$769.83M$170.47M-$13.02M-$31.03M-$0.4619.95%N/AN/AN/A2024-05-01
BMR
BEAMR IMAGING LTD
$71.78M$2.91M-$852.00k-$695.00k-$0.061.61%N/AN/AN/A
ASAN
ASANA INC
$3.29B$652.50M-$216.94M-$257.03M-$1.1719.24%53.42%N/AN/A2024-06-11
OCFT
ONECONNECT FINANCIAL TECHNOLOGY CO LTD
$71.43M$507.26M-$45.98M-$50.17M-$1.37-19.23%20.39%N/AN/A2024-05-27
PYCR
PAYCOR HCM INC
$3.14B$604.65M$53.03M-$83.55M-$0.4824.73%N/AN/AN/A2024-05-08
LYFT
LYFT INC
$6.42B$4.40B-$188.97M-$340.32M-$0.887.53%15.35%N/AN/A2024-06-14
BMBL
BUMBLE INC
$1.91B$1.05B$96.04M-$4.21M-$0.0316.42%23.91%N/AN/A2024-06-05
AWRE
AWARE INC
$36.48M$18.24M-$6.44M-$7.31M-$0.3513.97%2.49%N/AN/A2024-05-02
INTA
INTAPP INC
$2.27B$392.15M-$34.50M-$54.15M-$0.8026.74%N/AN/AN/A2024-05-07
VERB
VERB TECHNOLOGY COMPANY INC
$12.69M$63.00k-$18.47M-$22.16M-$3.26687.50%14.51%N/AN/A2024-05-20
MSTR
MICROSTRATEGY INC
$21.05B$496.26M-$52.40M$429.12M$31.39-0.60%-0.06%N/A73.79%2024-04-29
PAR
PAR TECHNOLOGY CORP
$1.17B$415.82M-$33.35M-$69.75M-$2.5316.87%15.62%N/AN/A2024-05-08
INST
INSTRUCTURE HOLDINGS INC
$2.79B$530.21M$151.44M-$34.08M-$0.2411.58%20.40%N/AN/A2024-05-08
DUOT
DUOS TECHNOLOGIES GROUP INC
$23.09M$7.47M-$10.37M-$11.24M-$1.56-50.23%-9.12%N/AN/A2024-05-15
VS
VERSUS SYSTEMS INC
$3.41M$271.17k-$8.04M-$10.51M-$10.44-75.54%178.45%N/AN/A2024-05-30
SMSI
SMITH MICRO SOFTWARE INC
$20.79M$40.86M-$10.68M-$24.40M-$3.04-15.77%9.23%N/AN/A2024-05-09
ANY
SPHERE 3D CORP
$19.58M$21.91M-$17.08M-$23.41M-$1.93260.47%19.39%N/AN/A2024-05-09
HUBS
HUBSPOT INC
$32.23B$2.17B-$81.23M-$176.30M-$3.5325.38%33.44%N/AN/A2024-05-08
SMAR
SMARTSHEET INC
$5.23B$958.34M-$57.12M-$104.63M-$0.7824.96%40.07%N/AN/A2024-06-05
AMPL
AMPLITUDE INC
$1.18B$276.28M-$79.56M-$90.36M-$0.7716.05%N/AN/AN/A2024-05-01
CWAN
CLEARWATER ANALYTICS HOLDINGS INC
$4.06B$368.17M-$10.26M-$21.63M-$0.1121.34%N/AN/AN/A2024-05-01
WKME
WALKME LTD
$706.02M$266.95M-$61.11M-$59.14M-$0.678.96%N/AN/AN/A2024-05-14
BSY
BENTLEY SYSTEMS INC
$16.17B$1.23B$295.20M$326.79M$1.0511.77%12.17%84.21%16.00%2024-05-23
WRNT
WARRANTEE INC
$6.41M$1.66M$422.57k$281.16k$0.01-0.35%N/AN/AN/A
DAY
DAYFORCE INC
$9.33B$1.51B$264.60M$54.80M$0.3521.47%15.37%N/AN/A2024-06-12
AZPN
ASPEN TECHNOLOGY INC
$12.58B$1.06B$367.79M-$86.34M-$1.3529.35%N/AN/AN/A2024-04-27
AEYE
AUDIOEYE INC
$173.68M$31.32M-$3.34M-$5.87M-$0.504.69%40.79%N/AN/A
NTWK
NETSOL TECHNOLOGIES INC
$31.67M$56.78M$2.17M-$2.09M-$0.186.22%-3.28%N/AN/A2024-05-09
ONTF
ON24 INC
$277.55M$163.71M-$43.63M-$51.79M-$1.16-14.23%14.66%N/AN/A2024-06-21
PERF
PERFECT CORP
$236.29M$55.65MN/A$5.35M$0.0517.39%N/AN/AN/A
SPT
SPROUT SOCIAL INC
$2.89B$333.64M-$54.79M-$66.43M-$1.1931.44%33.46%N/AN/A2024-05-22
CREX
CREATIVE REALITIES INC
$36.46M$45.17M$3.36M-$2.94M-$0.354.19%14.98%N/AN/A2024-06-25
FTFT
FUTURE FINTECH GROUP INC
$16.79M$34.87M-$33.32M-$33.65M-$2.2846.00%108.32%N/AN/A2024-05-20
PSQH
PSQ HOLDINGS INC
$121.64M$5.69M-$50.49M-$53.33M-$2.431,096.61%N/AN/AN/A
SOPA
SOCIETY PASS INCORPORATED
$5.66M$8.17M-$16.84M-$18.13M-$0.6345.00%N/AN/AN/A2024-05-16
BLKB
BLACKBAUD INC
$4.19B$1.11B$167.05M$1.82M$0.034.47%5.43%N/A-49.90%2024-05-01
BTDR
BITDEER TECHNOLOGIES GROUP
$723.30M$368.55M$24.57M-$56.66M-$0.5110.56%N/AN/AN/A
BLBX
BLACKBOXSTOCKS INC
$8.58M$3.11M-$4.62M-$4.66M-$1.45-37.37%35.00%N/AN/A2024-05-13
EB
EVENTBRITE INC
$529.72M$326.13M$5.59M-$26.48M-$0.2624.99%2.26%N/AN/A2024-06-06
IDAI
T STAMP INC
$7.68M$4.56M-$6.61M-$7.64M-$1.07-15.32%40.44%N/AN/A2024-05-10
MAPS
WM TECHNOLOGY INC
$161.32M$195.87M$93.75M-$111.41M-$1.31-11.14%N/AN/AN/A2024-06-20
XPER
XPERI INC
$435.19M$521.33M-$52.17M-$136.61M-$3.183.80%N/AN/AN/A2024-05-07
DHX
DHI GROUP INC
$119.60M$151.88M$24.02M$3.49M$0.081.47%-1.23%-11.11%-11.81%2024-05-08
GVP
GSE SYSTEMS INC
$8.10M$45.04M-$5.76M-$8.72M-$3.51-5.64%-13.36%N/AN/A2024-05-13
PD
PAGERDUTY INC
$1.87B$430.70M-$44.11M-$81.76M-$0.8916.16%29.60%N/AN/A2024-05-30
HTCR
HEARTCORE ENTERPRISES INC
$19.34M$21.85M-$3.13M-$4.19M-$0.21147.73%N/AN/AN/A2024-05-13
CYN
CYNGN INC
$8.89M$1.49M-$21.85M-$22.81M-$0.57468.44%N/AN/AN/A2024-05-10
GRND
GRINDR INC
$1.67B$259.69M$22.45M-$55.77M-$0.3233.16%N/AN/AN/A
COMP
COMPASS INC
$1.58B$4.89B-$220.90M-$321.30M-$0.69-18.83%40.74%N/AN/A2024-06-05
ZENV
ZENVIA INC
$92.15M$155.90M-$27.35M-$39.05M-$0.956.69%N/AN/AN/A
SOUN
SOUNDHOUND AI INC
$1.29B$45.87M-$61.79M-$91.71M-$0.4047.36%N/AN/AN/A2024-05-09
ZETA
ZETA GLOBAL HOLDINGS CORP
$2.72B$728.72M-$124.36M-$187.48M-$1.2023.31%N/AN/AN/A2024-05-06
BMTX
BM TECHNOLOGIES INC
$17.61M$55.25M-$5.46M-$17.33M-$1.50-33.91%N/AN/AN/A2024-06-19
ESTC
ELASTIC NV
$10.56B$1.21B-$64.27M$56.09M$0.5317.88%38.18%N/AN/A2024-05-30
BLND
BLEND LABS INC
$604.91M$156.85M-$142.03M-$185.32M-$0.76-33.31%N/AN/AN/A2024-05-07
OBLG
OBLONG INC
$1.89M$3.81M-$3.88M-$5.50M-$0.98-30.42%-21.22%N/AN/A2024-05-08
MITK
MITEK SYSTEMS INC
$580.67M$163.77M$23.54M-$2.50M-$0.063.63%18.83%N/AN/A
DPSI
DECISIONPOINT SYSTEMS INC
$63.52M$115.59M$7.75M$2.49M$0.3318.66%26.88%-23.26%-17.04%2024-05-13
BIGC
BIGCOMMERCE HOLDINGS INC
$437.39M$309.39M-$49.31M-$64.67M-$0.8610.86%27.49%N/AN/A2024-05-16
UPBD
UPBOUND GROUP INC
$1.74B$3.99B$1.46B-$5.18M-$0.09-5.96%8.46%N/AN/A2024-05-02
DOMO
DOMO INC
$289.80M$318.99M-$63.37M-$75.57M-$2.103.35%17.49%N/AN/A2024-05-23
EVBG
EVERBRIDGE INC
$1.44B$448.79M$18.01M-$47.31M-$1.163.91%24.99%N/AN/A2024-05-07
OLB
OLB GROUP INC
$5.45M$30.57M-$16.30M-$23.30M-$0.650.67%27.65%N/AN/A2024-05-13
RSSS
RESEARCH SOLUTIONS INC
$97.86M$40.68M-$133.07k-$429.08k-$0.0217.15%7.46%N/AN/A2024-05-09
CVLT
COMMVAULT SYSTEMS INC
$4.24B$819.43M$29.80M-$707.00k$0.014.11%2.78%-97.14%-34.02%2024-04-30
JAMF
JAMF HOLDING CORP
$2.43B$560.57M-$58.10M-$110.09M-$0.8817.08%30.77%N/AN/A2024-05-30
VCSA
VACASA INC
$154.01M$1.12B-$206.04M-$298.70M-$24.48-5.89%N/AN/AN/A2024-05-09
QTWO
Q2 HOLDINGS INC
$3.12B$624.62M$15.62M-$65.38M-$1.1210.42%20.97%N/AN/A2024-05-01
MNDR
MOBILE-HEALTH NETWORK SOLUTIONS
N/A$7.87M-$3.01M-$3.21M-$29.6712.68%N/AN/AN/A
NXTT
NEXT TECHNOLOGY HOLDING INC
$13.32M$2.63M-$4.23M-$4.23M-$0.04N/AN/AN/AN/A
LPSN
LIVEPERSON INC
$44.06M$401.98M-$46.19M-$100.44M-$1.28-21.91%9.98%N/AN/A2024-05-07
FAAS
DIGIASIA CORP
$383.38M$77.77M-$10.40M-$15.31M-$50.68-100.00%N/AN/AN/A
BNAI
BRAND ENGAGEMENT NETWORK INC
$86.24M$35.21k-$11.04M-$11.73M-$0.15125.10%N/AN/AN/A
EGHT
8X8 INC
$286.34M$733.82M-$2.37M-$53.43M-$0.44-0.94%16.76%N/AN/A2024-05-08
UPLD
UPLAND SOFTWARE INC
$62.33M$297.85M-$91.70M-$185.22M-$5.77-6.13%14.72%N/AN/A2024-05-02
AHI
ADVANCED HEALTH INTELLIGENCE LTD
$11.76M$2.79M-$12.60M-$12.83M-$1.94109.29%N/AN/AN/A
DATS
DATCHAT INC
$3.70M$672.00-$8.32M-$8.40M-$4.14-98.55%N/AN/AN/A
KC
KINGSOFT CLOUD HOLDINGS LTD
$684.96M$978.81M-$148.87M-$302.27M-$1.27-15.30%25.36%N/AN/A2024-05-21
PRCH
PORCH GROUP INC
$313.28M$430.30M-$77.07M-$133.93M-$1.3955.94%N/AN/AN/A2024-05-08
PWSC
POWERSCHOOL HOLDINGS INC
$3.52B$697.65M$169.36M-$31.14M-$0.1910.62%N/AN/AN/A2024-05-03
GWRE
GUIDEWIRE SOFTWARE INC
$9.33B$925.75M-$43.82M-$50.73M-$0.626.42%4.83%N/AN/A2024-05-30
AIXI
XIAO-I CORP
$92.22M$61.80MN/A-$25.09M-$0.3769.27%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 37.21% over the past year, overperforming other app stocks by 10 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -28.32% from Full Truck Alliance Co's current stock price of $8.37.

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 5.47% 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 47.23% from Red Violet's current stock price of $16.98.

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 4.82% over the past year, underperforming other app stocks by -23 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 19.83% from Agilysys's current stock price of $83.45.

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 12.77%, 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 10.56%, 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 4.45%, 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 -0.71% in the last day, and up 1.52% over the last week. Omniq was the among the top losers in the software - application industry, dropping -12.65% yesterday.

OMNIQ shares are trading higher after the company announced a follow-on order for its AI-based machine vision solution for a Homeland Security project.

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 -2.19% 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 28.48% in the past year. It has overperformed other stocks in the app industry by 1 percentage points.

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 -73.04% in the past year. It has underperformed other stocks in the app industry by -101 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 20.35% 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 101.91x.
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.