Sectors & Industries TechnologySoftware - 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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue

Ticker	Company	Market Cap	Revenue	EBITDA	Earnings	EPS	Revenue Growth Y/Y	Revenue Growth 5Y	Earnings Growth Y/Y	Earnings Growth 5Y	Earnings Date
COMP	COMPASS INC	$2.13B	$4.98B	-$209.50M	-$303.80M	-$0.62	-10.69%	N/A	N/A	N/A
PRO	PROS HOLDINGS INC	$1.48B	$311.21M	-$37.64M	-$48.71M	-$1.05	10.04%	8.68%	N/A	N/A
MLNK	MERIDIANLINK INC	$1.38B	$304.30M	$79.53M	-$42.18M	-$0.53	4.06%	N/A	N/A	N/A
VCSA	VACASA INC	$93.43M	$1.07B	-$274.91M	-$360.59M	-$28.34	-10.60%	N/A	N/A	N/A
PRST	PRESTO AUTOMATION INC	$17.37M	$21.20M	-$48.24M	-$66.42M	-$1.31	-30.61%	N/A	N/A	N/A
BCOV	BRIGHTCOVE INC	$97.19M	$202.61M	$9.81M	-$9.60M	-$0.22	-1.98%	4.13%	N/A	N/A
IFBD	INFOBIRD CO LTD	$116.67k	$2.93M	N/A	-$12.10M	-$1.07k	-43.24%	N/A	N/A	N/A
RBT	RUBICON TECHNOLOGIES INC	$13.85M	$697.58M	-$15.31M	-$56.94M	-$2.50	3.29%	N/A	N/A	N/A
CXAI	CXAPP INC	$46.68M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
STER	STERLING CHECK CORP	$1.51B	$726.37M	$95.02M	-$8.66M	-$0.10	-3.68%	N/A	N/A	N/A	2024-05-22
TGL	TREASURE GLOBAL INC	$6.11M	$37.03M	-$7.47M	-$8.16M	-$24.02	-47.39%	N/A	N/A	N/A
LPSN	LIVEPERSON INC	$64.95M	$379.47M	-$63.15M	-$118.65M	-$1.44	-22.91%	8.02%	N/A	N/A
DATS	DATCHAT INC	$4.09M	$649.00	-$7.05M	-$7.14M	-$3.53	-98.58%	N/A	N/A	N/A
CYN	CYNGN INC	$16.56M	$622.03k	-$22.21M	-$23.15M	-$0.49	-45.19%	N/A	N/A	N/A
FRGT	FREIGHT TECHNOLOGIES INC	$1.53M	$17.06M	-$8.01M	-$9.33M	-$7.79	-34.10%	3.45%	N/A	N/A
RTC	BAIJIAYUN GROUP LTD	$109.76M	$9.99M	N/A	-$4.71M	-$0.03	-10.04%	-26.80%	N/A	N/A	2024-05-28
NUKK	NUKKLEUS INC	$1.63M	$0.00	-$220.77k	-$220.77k	-$0.18	N/A	N/A	N/A	N/A
RYDE	RYDE GROUP LTD	$154.25M	$6.37M	-$8.93M	-$9.43M	-$0.74	-0.30%	N/A	N/A	N/A
RNG	RINGCENTRAL INC	$3.40B	$2.25B	$152.37M	-$139.34M	-$1.49	9.67%	25.46%	N/A	N/A	2024-06-04
MSTR	MICROSTRATEGY INC	$28.10B	$489.59M	-$277.73M	-$85.19M	-$9.26	-2.45%	-0.02%	N/A	N/A
KC	KINGSOFT CLOUD HOLDINGS LTD	$917.83M	$974.75M	-$142.36M	-$301.02M	-$1.27	-15.30%	25.36%	N/A	N/A	2024-05-22
ETWO	E2OPEN PARENT HOLDINGS INC	$1.54B	$634.55M	-$827.79M	-$1.07B	-$3.52	-2.71%	15.77%	N/A	N/A	2024-07-05
EVBG	EVERBRIDGE INC	$1.45B	$451.95M	$16.55M	-$52.73M	-$1.29	2.77%	23.18%	N/A	N/A	2024-05-24
LKCO	LUOKUNG TECHNOLOGY CORP	$10.13M	$36.98M	N/A	-$43.90M	-$2.62	-78.25%	N/A	N/A	N/A
LYT	LYTUS TECHNOLOGIES HOLDINGS PTV LTD	$2.22M	$22.62M	-$3.78M	-$1.91M	-$1.38	19.93%	N/A	N/A	N/A
SGN	SIGNING DAY SPORTS INC	$4.63M	$488.19k	-$6.10M	-$7.03M	-$0.45	706.80%	N/A	N/A	N/A
EZFL	EZFILL HOLDINGS INC	$12.61M	$24.58M	-$6.24M	-$10.02M	-$2.51	37.06%	N/A	N/A	N/A
MRT	MARTI TECHNOLOGIES INC	$103.81M	$20.03M	-$17.00M	-$33.82M	-$0.67	-19.84%	N/A	N/A	N/A
XTIA	XTI AEROSPACE INC	$15.57M	$4.56M	-$38.24M	-$45.95M	-$76.42	-25.32%	3.96%	N/A	N/A
DBD	DIEBOLD NIXDORF INC	$1.67B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ALIT	ALIGHT INC	$4.52B	$3.14B	$159.00M	-$391.00M	-$0.77	4.84%	N/A	N/A	N/A
DHX	DHI GROUP INC	$118.43M	$149.28M	$25.26M	$1.52M	$0.04	-3.04%	-0.83%	-42.86%	-18.32%
IDAI	T STAMP INC	$7.21M	$4.68M	-$6.79M	-$7.77M	-$0.94	54.68%	N/A	N/A	N/A
GREE	GREENIDGE GENERATION HOLDINGS INC	$24.23M	$74.56M	-$1.38M	-$25.28M	-$3.26	-1.86%	N/A	N/A	N/A
XELA	EXELA TECHNOLOGIES INC	$16.23M	$1.05B	$78.78M	-$113.45M	-$17.72	-2.06%	-8.06%	N/A	N/A	2024-06-13
JTAI	JETAI INC	$8.55M	$14.19M	-$12.29M	-$13.20M	-$1.14	-38.33%	N/A	N/A	N/A
NVNI	NVNI GROUP LTD	N/A	$24.96M	N/A	-$84.73M	-$2.68	45.93%	N/A	N/A	N/A
AUUD	AUDDIA INC	$3.91M	$0.00	-$5.80M	-$8.86M	-$11.16	N/A	N/A	N/A	N/A	2024-05-29
ISDR	ISSUER DIRECT CORP	$38.14M	$31.72M	$5.52M	$771.00k	$0.20	18.16%	16.34%	-41.18%	0.00%	2024-06-14
UPLD	UPLAND SOFTWARE INC	$76.71M	$291.53M	-$52.11M	-$141.37M	-$4.79	-7.64%	11.82%	N/A	N/A
ENV	ENVESTNET INC	$3.74B	$1.27B	-$48.08M	-$194.98M	-$3.57	4.50%	9.34%	N/A	N/A	2024-06-11
LDTC	LEDDARTECH HOLDINGS INC	$64.16M	$7.93M	-$92.13M	-$94.39M	-$108.68	-9.75%	N/A	N/A	N/A
NATL	NCR ATLEOS CORP	$2.06B	$4.26B	$472.00M	-$178.00M	N/A	2.58%	N/A	N/A	N/A
BNZI	BANZAI INTERNATIONAL INC	$6.68M	$5.64M	-$11.43M	-$18.10M	-$2.29	-13.35%	N/A	N/A	N/A
BTDR	BITDEER TECHNOLOGIES GROUP	$655.75M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
RDZN	ROADZEN INC	$234.07M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CAUD	COLLECTIVE AUDIENCE INC	$6.71M	$28.63M	-$3.88M	-$6.45M	-$4.08k	-7.22%	N/A	N/A	N/A
GETR	GETAROUND INC	$18.81M	$78.32M	-$106.17M	-$122.11M	-$1.30	33.92%	N/A	N/A	N/A

App Stocks FAQ

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

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 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 45.92% over the past year, overperforming other app stocks by 12 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 0.06% from Agilysys's current stock price of $99.94.

Agilysys stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 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. Doubleverify Holdings (NYSE:DV)

Doubleverify Holdings (NYSE:DV) 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 21 out of 33 due diligence checks and has strong fundamentals. Doubleverify Holdings has seen its stock lose -31.77% over the past year, underperforming other app stocks by -65 percentage points.

Doubleverify Holdings has an average 1 year price target of $35.06, an upside of 79.42% from Doubleverify Holdings's current stock price of $19.54.

Doubleverify Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Doubleverify Holdings, 58.82% have issued a Strong Buy rating, 35.29% have issued a Buy, 5.88% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Red Violet (NASDAQ:RDVT)

Red Violet (NASDAQ:RDVT) is the third best app stock with a Zen Score of 61, which is 34 points higher than the app industry average of 27. It passed 19 out of 33 due diligence checks and has strong fundamentals. Red Violet has seen its stock return 0.89% over the past year, underperforming other app stocks by -33 percentage points.

Red Violet has an average 1 year price target of $25.00, an upside of 22.25% from Red Violet's current stock price of $20.45.

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.

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 12.73%, which is 10 percentage points higher than the app industry average of 2.38%. 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. Upbound Group (NASDAQ:UPBD)

Upbound Group (NASDAQ:UPBD) has an annual dividend yield of 4.36%, which is 2 percentage points higher than the app industry average of 2.38%. 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 -322.7% indicates that its dividend yield might not be sustainable for the long-term.

3. American Software (NASDAQ:AMSWA)

American Software (NASDAQ:AMSWA) has an annual dividend yield of 4.21%, which is 2 percentage points higher than the app industry average of 2.38%. American Software's dividend payout is stable, having never dropped by more than 10% in the last 10 years. American Software's dividend has shown consistent growth over the last 10 years.

American Software's dividend payout ratio of 122.2% indicates that its dividend yield might not be sustainable for the long-term.

Why are app stocks up?

App stocks were up 1.44% in the last day, and up 5.82% over the last week. Mmtec was the among the top gainers in the software - application industry, gaining 16.64% yesterday.

Shares of US-listed Chinese stocks are trading higher after China unveiled measures to support the property sector.

What are the most undervalued app stocks?

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

1. Surgepays (NASDAQ:SURG)

Surgepays (NASDAQ:SURG) is the most undervalued app stock based on WallStreetZen's Valuation Score. Surgepays has a valuation score of 71, which is 55 points higher than the app industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Surgepays's stock has dropped -29.87% in the past year. It has underperformed other stocks in the app industry by -63 percentage points.

2. Red Violet (NASDAQ:RDVT)

Red Violet (NASDAQ:RDVT) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Red Violet has a valuation score of 71, which is 55 points higher than the app industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Red Violet's stock has gained 0.89% in the past year. It has underperformed other stocks in the app industry by -33 percentage points.

3. Karooooo (NASDAQ:KARO)

Karooooo (NASDAQ:KARO) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Karooooo has a valuation score of 71, which is 55 points higher than the app industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Karooooo's stock has gained 29.3% in the past year. It has underperformed other stocks in the app industry by -4 percentage points.

Are app stocks a good buy now?

43.18% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 12.97% 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 32.16x.

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.