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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
U
UNITY SOFTWARE INC
$10.30B$2.19B-$264.57M-$822.01M-$2.1657.25%41.86%N/AN/A2024-05-08
WK
WORKIVA INC
$4.64B$630.04M-$59.32M-$127.53M-$2.3617.13%20.86%N/AN/A2024-04-30
ETWO
E2OPEN PARENT HOLDINGS INC
$1.36B$642.37M-$1.18B-$1.30B-$4.311.95%N/AN/AN/A2024-04-29
PRO
PROS HOLDINGS INC
$1.70B$303.71M-$44.71M-$56.35M-$1.229.98%9.04%N/AN/A2024-04-30
GRND
GRINDR INC
$1.77B$259.69M$22.45M-$55.77M-$0.3233.16%N/AN/AN/A
IFBD
INFOBIRD CO LTD
$139.94k$2.93MN/A-$12.10M-$1.07k-43.24%N/AN/AN/A
HKIT
HITEK GLOBAL INC
$22.31MN/AN/AN/AN/AN/AN/AN/AN/A
CXAI
CXAPP INC
$37.37MN/AN/AN/AN/AN/AN/AN/AN/A2024-05-06
AIXI
XIAO-I CORP
$128.96M$61.80MN/A-$25.09M-$0.3769.27%N/AN/AN/A
RBT
RUBICON TECHNOLOGIES INC
$21.54M$697.58M-$15.31M-$56.94M-$2.503.29%N/AN/AN/A
TGL
TREASURE GLOBAL INC
$4.45M$53.59M-$8.88M-$9.37M-$33.60-26.93%N/AN/AN/A2024-05-07
VS
VERSUS SYSTEMS INC
$1.39M$454.56k-$13.58M-$16.88M-$99.52-64.61%N/AN/AN/A
PRST
PRESTO AUTOMATION INC
$14.06M$21.20M-$48.24M-$66.42M-$1.31-30.61%N/AN/AN/A2024-05-16
RTC
BAIJIAYUN GROUP LTD
$106.87M$9.99MN/A-$4.71M-$0.03-10.04%-26.80%N/AN/A
RNG
RINGCENTRAL INC
$3.21B$2.20B$113.09M-$165.24M-$1.7410.77%26.74%N/AN/A2024-05-07
XTKG
X3 HOLDINGS CO LTD
$3.91M$10.05M-$65.30M-$70.48M-$39.01-60.55%-15.17%N/AN/A
IDAI
T STAMP INC
$7.64M$4.49M-$7.51M-$8.79M-$1.62-35.58%N/AN/AN/A2024-05-10
MTBL
MOATABLE INC
$12.80M$50.81MN/A-$27.73M-$1.4021.59%-0.16%N/AN/A2024-05-05
NUKK
NUKKLEUS INC
$1.78M$0.00-$220.77k-$220.77k-$0.18N/AN/AN/AN/A
LKCO
LUOKUNG TECHNOLOGY CORP
$11.19M$36.98MN/A-$43.90M-$2.62-78.25%N/AN/AN/A
MLNK
MERIDIANLINK INC
$1.43B$303.62M$77.39M-$42.54M-$0.535.41%N/AN/AN/A2024-05-13
GBTG
GLOBAL BUSINESS TRAVEL GROUP INC
$2.84B$2.29B$263.00M-$63.00M-$0.2523.72%N/AN/AN/A2024-05-06
RMCO
ROYALTY MANAGEMENT HOLDING CORP
$16.55M$239.05k-$6.12M-$7.07M-$1.20962.44%N/AN/AN/A
EZFL
EZFILL HOLDINGS INC
$7.30M$22.38M-$10.83M-$13.33M-$3.8383.72%N/AN/AN/A2024-05-12
FRGT
FREIGHT TECHNOLOGIES INC
$768.56k$19.68MN/A-$8.14M-$4.40-20.12%-7.18%N/AN/A
VERB
VERB TECHNOLOGY COMPANY INC
$4.35M$4.41M-$30.11M-$35.54M-$11.12-18.43%167.77%N/AN/A2024-05-20
PHUN
PHUNWARE INC
$71.92M$4.83M-$51.02M-$52.79M-$22.18-25.90%-30.99%N/AN/A2024-05-09
DBD
DIEBOLD NIXDORF INC
$1.29BN/AN/AN/AN/AN/AN/AN/AN/A2024-04-22
XELA
EXELA TECHNOLOGIES INC
$20.69M$1.07B-$68.43M-$302.09M-$109.16-3.43%-7.40%N/AN/A2024-05-09
ISDR
ISSUER DIRECT CORP
$49.29M$33.38M$5.38M$766.00k$0.2041.95%18.59%-61.54%-4.36%2024-05-03
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
$2.90M$19.39M$1.08M-$2.35M-$2.4018.57%N/AN/AN/A
ALIT
ALIGHT INC
$5.55B$3.41B$222.00M-$345.00M-$0.708.88%7.48%N/AN/A2024-05-07
MODN
MODEL N INC
$1.11B$253.80M-$12.33M-$31.67M-$0.8411.92%11.00%N/AN/A2024-05-07
NVNI
NVNI GROUP LTD
N/A$24.96MN/A-$84.73M-$2.6845.93%N/AN/AN/A
MRT
MARTI TECHNOLOGIES INC
$39.83M$34.47M-$8.79M-$25.11MN/A28.97%N/AN/AN/A
BNAI
BRAND ENGAGEMENT NETWORK INC
$230.42M$15.64k-$12.38M-$12.94M-$0.26-32.14%N/AN/AN/A
ELWS
EARLYWORKS CO LTD
$10.50M$315.08k-$2.63M-$2.59M-$0.19-90.42%N/AN/AN/A
AUUD
AUDDIA INC
$1.55M$0.00-$5.44M-$8.36M-$14.25N/AN/AN/AN/A2024-05-29
DGHI
DIGIHOST TECHNOLOGY INC
$41.92M$21.01M-$8.13M-$22.01M-$0.80-25.20%N/AN/AN/A2024-03-29
MNY
MONEYHERO LTD
$70.52M$123.27MN/A-$150.70M-$48.619.31%N/AN/AN/A
OMQS
OMNIQ CORP
$5.71M$90.75M-$9.49M-$15.76M-$2.02-11.38%10.15%N/AN/A2024-05-13
LDTC
LEDDARTECH HOLDINGS INC
$80.56M$6.16M-$80.06M-$77.13M-$108.08-26.90%N/AN/AN/A
ENV
ENVESTNET INC
$3.17B$1.25B-$70.51M-$238.72M-$4.380.47%8.92%N/AN/A2024-05-02
RYDE
RYDE GROUP LTD
N/AN/AN/AN/AN/AN/AN/AN/AN/A
BNZI
BANZAI INTERNATIONAL INC
$5.55M$0.00-$2.29M-$3.08M-$0.23-100.00%N/AN/AN/A
SGN
SIGNING DAY SPORTS INC
$3.90MN/AN/AN/AN/AN/AN/AN/AN/A
ULY
URGENTLY INC
$24.69MN/AN/AN/AN/AN/AN/AN/AN/A2024-05-15
AISP
AIRSHIP AI HOLDINGS INC
$72.23M$0.00-$196.49k-$196.49k-$0.21N/AN/AN/AN/A

App Stocks FAQ

What are the best app stocks to buy right now in Mar 2024?

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

1. Doubleverify Holdings (NYSE:DV)


Doubleverify Holdings (NYSE:DV) is the top app stock with a Zen Score of 63, which is 36 points higher than the app industry average of 27. It passed 21 out of 33 due diligence checks and has strong fundamentals. Doubleverify Holdings has seen its stock return 22.42% over the past year, underperforming other app stocks by -15 percentage points.

Doubleverify Holdings has an average 1 year price target of $41.62, an upside of 18.36% from Doubleverify Holdings's current stock price of $35.16.

Doubleverify Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Doubleverify Holdings, 46.15% have issued a Strong Buy rating, 46.15% have issued a Buy, 7.69% 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 62, which is 35 points higher than the app industry average of 27. It passed 20 out of 33 due diligence checks and has strong fundamentals. Agilysys has seen its stock return 3.46% over the past year, underperforming other app stocks by -34 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 18.68% from Agilysys's current stock price of $84.26.

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. Full Truck Alliance Co (NYSE:YMM)


Full Truck Alliance Co (NYSE:YMM) 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. Full Truck Alliance Co has seen its stock return 0.97% over the past year, underperforming other app stocks by -37 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -17.47% from Full Truck Alliance Co's current stock price of $7.27.

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.

What are the app stocks with highest dividends?

Out of 19 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 12.65%, which is 10 percentage points higher than the app industry average of 2.25%. 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 9.83%, which is 8 percentage points higher than the app industry average of 2.25%.

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 3.95%, which is 2 percentage points higher than the app industry average of 2.25%. 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 -1.4% in the last day, and up 0.5% over the last week. Reddit was the among the top losers in the software - application industry, dropping -14.6% yesterday.

Reddit shares are trading lower following the company's recent IPO.

What are the most undervalued app stocks?

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

1. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the most undervalued app stock based on WallStreetZen's Valuation Score. Agilysys 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.

Agilysys's stock has gained 3.46% in the past year. It has underperformed other stocks in the app industry by -34 percentage points.

2. Karooooo (NASDAQ:KARO)


Karooooo (NASDAQ:KARO) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Karooooo 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.

Karooooo's stock has gained 10.13% in the past year. It has underperformed other stocks in the app industry by -28 percentage points.

3. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) is the third 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 -3.71% in the past year. It has underperformed other stocks in the app industry by -41 percentage points.

Are app stocks a good buy now?

42.01% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 5.43% 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 101.29x.
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.