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 Dividends

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
YMM	FULL TRUCK ALLIANCE CO LTD	$9.88B	N/A	0.00%	N/A	N/A	N/A	N/A
DCBO	DOCEBO INC	$1.29B	N/A	0.00%	N/A	N/A	N/A	N/A
ZM	ZOOM VIDEO COMMUNICATIONS INC	$20.69B	N/A	0.00%	N/A	N/A	N/A	N/A
APP	APPLOVIN CORP	$45.21B	N/A	0.00%	N/A	N/A	N/A	N/A
OTEX	OPEN TEXT CORP	$8.83B	3.07%	58.50%	$0.2625	$1.01	59%	0
YALA	YALLA GROUP LTD	$784.26M	N/A	0.00%	N/A	N/A	N/A	N/A
IMMR	IMMERSION CORP	$281.92M	1.88%	7.90%	$0.0450	$0.17	39%	1	2024-10-04	2024-10-18
AGYS	AGILYSYS INC	$2.93B	N/A	0.00%	N/A	N/A	N/A	N/A
APPF	APPFOLIO INC	$8.23B	N/A	0.00%	N/A	N/A	N/A	N/A
RDVT	RED VIOLET INC	$371.44M	N/A	0.00%	N/A	N/A	N/A	N/A
TTD	TRADE DESK INC	$54.79B	N/A	0.00%	N/A	N/A	N/A	N/A
DV	DOUBLEVERIFY HOLDINGS INC	$2.85B	N/A	0.00%	N/A	N/A	N/A	N/A
BMBL	BUMBLE INC	$1.17B	N/A	0.00%	N/A	N/A	N/A	N/A
DUOL	DUOLINGO INC	$12.35B	N/A	0.00%	N/A	N/A	N/A	N/A
SEZL	SEZZLE INC	$832.13M	N/A	0.00%	N/A	N/A	N/A	N/A
DOCU	DOCUSIGN INC	$12.78B	N/A	0.00%	N/A	N/A	N/A	N/A
SPNS	SAPIENS INTERNATIONAL CORP N V	$2.00B	1.59%	43.50%	$0.2900	$0.57	33%	3
PCTY	PAYLOCITY HOLDING CORP	$9.27B	N/A	0.00%	N/A	N/A	N/A	N/A
NOW	SERVICENOW INC	$183.47B	N/A	0.00%	N/A	N/A	N/A	N/A
MTLS	MATERIALISE NV	$303.61M	N/A	0.00%	N/A	N/A	N/A	N/A
MNDY	MONDAYCOM LTD	$13.71B	N/A	0.00%	N/A	N/A	N/A	N/A
SSNC	SS&C TECHNOLOGIES HOLDINGS INC	$18.07B	1.32%	33.90%	$0.2500	$0.97	26%	0
SEMR	SEMRUSH HOLDINGS INC	$2.08B	N/A	0.00%	N/A	N/A	N/A	N/A
MNDO	MIND CTI LTD	$40.90M	11.97%	92.30%	$0.2400	$0.24	96%	1
DT	DYNATRACE INC	$15.72B	N/A	0.00%	N/A	N/A	N/A	N/A
VERB	VERB TECHNOLOGY COMPANY INC	$7.43M	N/A	0.00%	N/A	N/A	N/A	N/A
NICE	NICE LTD	$10.61B	N/A	0.00%	$0.1600	N/A	N/A	0
INTU	INTUIT INC	$169.24B	0.60%	34.00%	$0.9000	$3.60	9%	0	2024-10-10	2024-10-18
ENFN	ENFUSION INC	$1.14B	N/A	0.00%	N/A	N/A	N/A	N/A
LGCL	LUCAS GC LTD	$96.60M	N/A	0.00%	N/A	N/A	N/A	N/A
DDOG	DATADOG INC	$39.63B	N/A	0.00%	N/A	N/A	N/A	N/A
CDNS	CADENCE DESIGN SYSTEMS INC	$72.78B	N/A	0.00%	N/A	N/A	N/A	N/A
PAYC	PAYCOM SOFTWARE INC	$9.57B	0.90%	18.10%	$0.3750	$1.50	16%	0
ALRM	ALARMCOM HOLDINGS INC	$2.57B	N/A	0.00%	N/A	N/A	N/A	N/A
CXM	SPRINKLR INC	$1.82B	N/A	0.00%	N/A	N/A	N/A	N/A
DSGX	DESCARTES SYSTEMS GROUP INC	$8.58B	N/A	0.00%	N/A	N/A	N/A	N/A
PRGS	PROGRESS SOFTWARE CORP	$2.77B	1.08%	41.70%	$0.1750	$0.70	21%	0
VTEX	VTEX	$1.32B	N/A	0.00%	N/A	N/A	N/A	N/A
SRAD	SPORTRADAR GROUP AG	$3.53B	N/A	0.00%	N/A	N/A	N/A	N/A
CCRD	CORECARD CORP	$107.69M	N/A	0.00%	N/A	N/A	N/A	N/A
PEGA	PEGASYSTEMS INC	$6.03B	0.17%	7.60%	$0.0300	$0.12	1%	0		2024-10-15
TEAM	ATLASSIAN CORP	$41.72B	N/A	0.00%	N/A	N/A	N/A	N/A
SMRT	SMARTRENT INC	$323.83M	N/A	0.00%	N/A	N/A	N/A	N/A
UPBD	UPBOUND GROUP INC	$1.57B	5.17%	143.60%	$0.3700	$1.48	82%	1		2024-10-22
EGAN	EGAIN CORP	$137.43M	N/A	0.00%	N/A	N/A	N/A	N/A
KARO	KAROOOOO LTD	$1.19B	N/A	0.00%	$0.6000	N/A	N/A	0
PUBM	PUBMATIC INC	$712.03M	N/A	0.00%	N/A	N/A	N/A	N/A
VMEO	VIMEO INC	$804.12M	N/A	0.00%	N/A	N/A	N/A	N/A
DJCO	DAILY JOURNAL CORP	$641.33M	N/A	0.00%	N/A	N/A	N/A	N/A
DAY	DAYFORCE INC	$9.74B	N/A	0.00%	N/A	N/A	N/A	N/A
HKD	AMTD DIGITAL INC	$1.00B	N/A	0.00%	N/A	N/A	N/A	N/A
TYL	TYLER TECHNOLOGIES INC	$24.82B	N/A	0.00%	N/A	N/A	N/A	N/A
MANH	MANHATTAN ASSOCIATES INC	$16.98B	N/A	0.00%	N/A	N/A	N/A	N/A
OLO	OLO INC	$761.90M	N/A	0.00%	N/A	N/A	N/A	N/A
LSPD	LIGHTSPEED COMMERCE INC	$2.49B	N/A	0.00%	N/A	N/A	N/A	N/A
UBER	UBER TECHNOLOGIES INC	$153.24B	N/A	0.00%	N/A	N/A	N/A	N/A
ADSK	AUTODESK INC	$57.75B	N/A	0.00%	N/A	N/A	N/A	N/A
GRAB	GRAB HOLDINGS LTD	$14.66B	N/A	0.00%	N/A	N/A	N/A	N/A
ML	MONEYLION INC	$406.16M	N/A	0.00%	N/A	N/A	N/A	N/A
CRM	SALESFORCE INC	$268.55B	0.43%	13.80%	$0.4000	$1.20	6%	0		2024-10-08
MTC	MMTEC INC	$133.43M	N/A	0.00%	N/A	N/A	N/A	N/A
VERX	VERTEX INC	$6.47B	N/A	0.00%	N/A	N/A	N/A	N/A
CCCS	CCC INTELLIGENT SOLUTIONS HOLDINGS INC	$6.63B	N/A	0.00%	N/A	N/A	N/A	N/A
DAVE	DAVE INC	$505.76M	N/A	0.00%	N/A	N/A	N/A	N/A
CVLT	COMMVAULT SYSTEMS INC	$6.59B	N/A	0.00%	N/A	N/A	N/A	N/A
SHOP	SHOPIFY INC	$100.78B	N/A	0.00%	N/A	N/A	N/A	N/A
YOU	CLEAR SECURE INC	$4.23B	N/A	9.00%	$0.0700	N/A	N/A	0
FICO	FAIR ISAAC CORP	$47.47B	N/A	0.00%	$0.0200	N/A	N/A	0
ALKT	ALKAMI TECHNOLOGY INC	$3.12B	N/A	0.00%	N/A	N/A	N/A	N/A
HKIT	HITEK GLOBAL INC	$21.73M	N/A	0.00%	N/A	N/A	N/A	N/A
QXO	QXO INC	$5.71B	0.05%	-226.80%	$0.0072	$0.01	0%	3
PLUS	EPLUS INC	$2.55B	N/A	0.00%	N/A	N/A	N/A	N/A
PERF	PERFECT CORP	$189.44M	N/A	0.00%	N/A	N/A	N/A	N/A
BL	BLACKLINE INC	$3.35B	N/A	0.00%	N/A	N/A	N/A	N/A
ANY	SPHERE 3D CORP	$17.84M	N/A	0.00%	N/A	N/A	N/A	N/A
LYT	LYTUS TECHNOLOGIES HOLDINGS PTV LTD	$3.22M	N/A	0.00%	N/A	N/A	N/A	N/A
SWVL	SWVL HOLDINGS CORP	$20.10M	N/A	0.00%	N/A	N/A	N/A	N/A
RSKD	RISKIFIED LTD	$764.02M	N/A	0.00%	N/A	N/A	N/A	N/A
NXPL	NEXTPLAT CORP	$23.91M	N/A	0.00%	N/A	N/A	N/A	N/A
ZETA	ZETA GLOBAL HOLDINGS CORP	$6.57B	N/A	0.00%	N/A	N/A	N/A	N/A
LAW	CS DISCO INC	$344.39M	N/A	0.00%	N/A	N/A	N/A	N/A
FRSH	FRESHWORKS INC	$3.29B	N/A	0.00%	N/A	N/A	N/A	N/A
WDAY	WORKDAY INC	$63.85B	N/A	0.00%	N/A	N/A	N/A	N/A
AI	C3AI INC	$2.93B	N/A	0.00%	N/A	N/A	N/A	N/A
DHX	DHI GROUP INC	$80.83M	N/A	0.00%	N/A	N/A	N/A	N/A
FROG	JFROG LTD	$3.04B	N/A	0.00%	N/A	N/A	N/A	N/A
SURG	SURGEPAYS INC	$33.57M	N/A	0.00%	N/A	N/A	N/A	N/A
NCNO	NCINO INC	$3.57B	N/A	0.00%	N/A	N/A	N/A	N/A
ROP	ROPER TECHNOLOGIES INC	$58.84B	0.53%	21.60%	$0.7500	$2.93	8%	0	2024-10-08	2024-10-21
LGTY	LOGILITY SUPPLY CHAIN SOLUTIONS INC	$372.19M	4.19%	137.50%	$0.1100	$0.44	75%	0	2024-11-15	2024-11-29
BILL	BILL HOLDINGS INC	$5.58B	N/A	0.00%	N/A	N/A	N/A	N/A
AZPN	ASPEN TECHNOLOGY INC	$14.86B	N/A	0.00%	N/A	N/A	N/A	N/A
RMNI	RIMINI STREET INC	$162.35M	N/A	0.00%	N/A	N/A	N/A	N/A
IDN	INTELLICHECK INC	$40.24M	N/A	0.00%	N/A	N/A	N/A	N/A
MTTR	MATTERPORT INC	$1.45B	N/A	0.00%	N/A	N/A	N/A	N/A
ANSS	ANSYS INC	$27.36B	N/A	0.00%	N/A	N/A	N/A	N/A
SAP	SAP SE	$257.07B	1.08%	113.10%	$2.3852	$2.39	21%	3
CWAN	CLEARWATER ANALYTICS HOLDINGS INC	$6.16B	N/A	0.00%	N/A	N/A	N/A	N/A
PALT	PALTALK INC	$28.59M	N/A	0.00%	N/A	N/A	N/A	N/A
AEYE	AUDIOEYE INC	$258.01M	N/A	0.00%	N/A	N/A	N/A	N/A

App Stocks FAQ

What are the best app stocks to buy right now in Oct 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 58, which is 30 points higher than the app industry average of 28. It passed 20 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 37.28% over the past year, overperforming other app stocks by 12 percentage points.

Full Truck Alliance Co has an average 1 year price target of $7.00, a downside of -26.32% from Full Truck Alliance Co's current stock price of $9.50.

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. Docebo (NASDAQ:DCBO)

Docebo (NASDAQ:DCBO) is the second best app stock with a Zen Score of 54, which is 26 points higher than the app industry average of 28. It passed 19 out of 33 due diligence checks and has strong fundamentals. Docebo has seen its stock return 12.75% over the past year, underperforming other app stocks by -12 percentage points.

Docebo has an average 1 year price target of $52.00, an upside of 22.73% from Docebo's current stock price of $42.37.

Docebo stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Docebo, 28.57% have issued a Strong Buy rating, 57.14% have issued a Buy, 14.29% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Zoom (NASDAQ:ZM)

Zoom (NASDAQ:ZM) is the third best app stock with a Zen Score of 53, which is 25 points higher than the app industry average of 28. It passed 17 out of 33 due diligence checks and has strong fundamentals. Zoom has seen its stock lose -1.22% over the past year, underperforming other app stocks by -26 percentage points.

Zoom has an average 1 year price target of $74.54, an upside of 10.9% from Zoom's current stock price of $67.21.

Zoom stock has a consensus Hold recommendation according to Wall Street analysts. Of the 13 analysts covering Zoom, 15.38% have issued a Strong Buy rating, 15.38% have issued a Buy, 61.54% have issued a hold, while 0% have issued a Sell rating, and 7.69% 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 11.97%, which is 9 percentage points higher than the app industry average of 3.33%. 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 5.17%, which is 2 percentage points higher than the app industry average of 3.33%. 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 143.6% indicates that its high dividend yield might not be sustainable for the long-term.

3. Logility Supply Chain Solutions (NASDAQ:LGTY)

Logility Supply Chain Solutions (NASDAQ:LGTY) has an annual dividend yield of 4.19%, which is 1 percentage points higher than the app industry average of 3.33%. Logility Supply Chain Solutions's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Logility Supply Chain Solutions's dividend has shown consistent growth over the last 10 years.

Logility Supply Chain Solutions's dividend payout ratio of 137.5% indicates that its dividend yield might not be sustainable for the long-term.

Why are app stocks down?

App stocks were down -0.25% in the last day, and down -1.49% over the last week. Full Truck Alliance Co was the among the top losers in the software - application industry, dropping -2.96% yesterday.

Shares of US-listed Chinese stocks are trading lower as the sector pulls back from recent strength. These companies rallied after the People's Bank of China announced a new stimulus package ahead of the Golden Week holidays.

What are the most undervalued app stocks?

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

1. Materialise Nv (NASDAQ:MTLS)

Materialise Nv (NASDAQ:MTLS) is the most undervalued app stock based on WallStreetZen's Valuation Score. Materialise Nv has a valuation score of 86, which is 69 points higher than the app industry average of 17. It passed 6 out of 7 valuation due diligence checks.

Materialise Nv's stock has dropped -5.34% in the past year. It has underperformed other stocks in the app industry by -30 percentage points.

2. Lucas Gc (NASDAQ:LGCL)

Lucas Gc (NASDAQ:LGCL) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Lucas Gc has a valuation score of 71, which is 54 points higher than the app industry average of 17. It passed 5 out of 7 valuation due diligence checks.

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 54 points higher than the app industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Mind Cti's stock has gained 6.08% in the past year. It has underperformed other stocks in the app industry by -19 percentage points.

Are app stocks a good buy now?

40.45% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 12.85% 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 25.24x.

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.