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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
OverviewZen ScorePriceValuationFinancialsForecastEarnings & RevenueDividends
OwnershipTechnicals
Ticker
Company
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
MLNK
MERIDIANLINK INC
$1.28BN/A0.00%N/AN/AN/AN/A
DGHI
DIGIHOST TECHNOLOGY INC
$38.76MN/A0.00%N/AN/AN/AN/A
COMP
COMPASS INC
$1.93BN/A0.00%N/AN/AN/AN/A
PRO
PROS HOLDINGS INC
$1.45BN/A0.00%N/AN/AN/AN/A
CYN
CYNGN INC
$10.76MN/A0.00%N/AN/AN/AN/A
RDDT
REDDIT INC
$8.75BN/AN/AN/AN/AN/AN/A
BCOV
BRIGHTCOVE INC
$84.26MN/A0.00%N/AN/AN/AN/A
IFBD
INFOBIRD CO LTD
$125.91kN/A0.00%N/AN/AN/AN/A
TGL
TREASURE GLOBAL INC
$5.85MN/A0.00%N/AN/AN/AN/A
CXAI
CXAPP INC
$54.00MN/AN/AN/AN/AN/AN/A
PRST
PRESTO AUTOMATION INC
$13.41MN/A0.00%N/AN/AN/AN/A
FAAS
DIGIASIA CORP
$477.26MN/A0.00%N/AN/AN/AN/A
LPSN
LIVEPERSON INC
$50.78MN/A0.00%N/AN/AN/AN/A
RBT
RUBICON TECHNOLOGIES INC
$12.72MN/A0.00%N/AN/AN/AN/A
AISP
AIRSHIP AI HOLDINGS INC
$120.89MN/A0.00%N/AN/AN/AN/A
SGN
SIGNING DAY SPORTS INC
$4.50MN/A0.00%N/AN/AN/AN/A
MSTR
MICROSTRATEGY INC
$20.94BN/A0.00%N/AN/AN/AN/A
ETWO
E2OPEN PARENT HOLDINGS INC
$1.51BN/A0.00%N/AN/AN/AN/A
KC
KINGSOFT CLOUD HOLDINGS LTD
$823.50MN/A0.00%N/AN/AN/AN/A
FRGT
FREIGHT TECHNOLOGIES INC
$1.41MN/A0.00%N/AN/AN/AN/A
RTC
BAIJIAYUN GROUP LTD
$118.42MN/A0.00%N/AN/AN/AN/A
NUKK
NUKKLEUS INC
$1.56MN/A0.00%N/AN/AN/AN/A
RNG
RINGCENTRAL INC
$3.26BN/A0.00%N/AN/AN/AN/A
RYDE
RYDE GROUP LTD
$148.13MN/A0.00%N/AN/AN/AN/A
ALIT
ALIGHT INC
$4.31BN/A0.00%N/AN/AN/AN/A
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
$2.22MN/A0.00%N/AN/AN/AN/A
EVBG
EVERBRIDGE INC
$1.45BN/A0.00%N/AN/AN/AN/A
LKCO
LUOKUNG TECHNOLOGY CORP
$10.51MN/A0.00%N/AN/AN/AN/A
RMCO
ROYALTY MANAGEMENT HOLDING CORP
$13.58MN/A0.00%N/AN/AN/AN/A
MRT
MARTI TECHNOLOGIES INC
$93.54MN/A0.00%N/AN/AN/AN/A
KVYO
KLAVIYO INC
$6.26BN/AN/AN/AN/AN/AN/A
XTIA
XTI AEROSPACE INC
$16.27MN/A0.00%N/AN/AN/AN/A
VCSA
VACASA INC
$134.36MN/A0.00%N/AN/AN/AN/A
DBD
DIEBOLD NIXDORF INC
$1.54BN/AN/AN/AN/AN/AN/A
GETR
GETAROUND INC
$20.11MN/A0.00%N/AN/AN/AN/A
PHUN
PHUNWARE INC
$54.18MN/A0.00%N/AN/AN/AN/A
EZFL
EZFILL HOLDINGS INC
$11.54MN/A0.00%N/AN/AN/AN/A
BNZI
BANZAI INTERNATIONAL INC
$6.74MN/A0.00%N/AN/AN/AN/A
DHX
DHI GROUP INC
$119.40MN/A0.00%N/AN/AN/AN/A
RBRK
RUBRIK INC
N/AN/A0.00%N/AN/AN/AN/A
XELA
EXELA TECHNOLOGIES INC
$15.15MN/A0.00%N/AN/AN/AN/A
NVNI
NVNI GROUP LTD
N/AN/A0.00%N/AN/AN/AN/A
ENV
ENVESTNET INC
$3.71BN/A0.00%N/AN/AN/AN/A
ISDR
ISSUER DIRECT CORP
$38.17MN/A0.00%$0.0500N/AN/A0
AUUD
AUDDIA INC
$3.73MN/A0.00%N/AN/AN/AN/A
UPLD
UPLAND SOFTWARE INC
$77.26MN/A0.00%N/AN/AN/AN/A
MFI
MF INTERNATIONAL LTD
N/AN/AN/AN/AN/AN/AN/A
LDTC
LEDDARTECH HOLDINGS INC
$64.73MN/A0.00%N/AN/AN/AN/A
ZPTA
ZAPATA COMPUTING HOLDINGS INC
$35.47MN/A0.00%N/AN/AN/AN/A
KSPI
JOINT STOCK CO KASPIKZ
$22.84BN/AN/AN/AN/AN/AN/A
AILE
ILEARNINGENGINES INC
$60.71MN/A0.00%N/AN/AN/AN/A
123

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 38 points higher than the app industry average of 26. It passed 21 out of 33 due diligence checks and has strong fundamentals. Agilysys has seen its stock return 3.66% 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 22.23% from Agilysys's current stock price of $81.81.

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.

2. Full Truck Alliance Co (NYSE:YMM)


Full Truck Alliance Co (NYSE:YMM) is the second best app stock with a Zen Score of 64, which is 38 points higher than the app industry average of 26. It passed 21 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 48.19% over the past year, overperforming other app stocks by 22 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -30.07% from Full Truck Alliance Co's current stock price of $8.58.

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.

3. Doubleverify Holdings (NYSE:DV)


Doubleverify Holdings (NYSE:DV) is the third best app stock with a Zen Score of 62, which is 36 points higher than the app industry average of 26. It passed 21 out of 33 due diligence checks and has strong fundamentals. Doubleverify Holdings has seen its stock lose -32.27% over the past year, underperforming other app stocks by -59 percentage points.

Doubleverify Holdings has an average 1 year price target of $35.06, an upside of 85.6% from Doubleverify Holdings's current stock price of $18.89.

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.

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. Sap Se (NYSE:SAP)


Sap Se (NYSE:SAP) has an annual dividend yield of N/A, which is N/A percentage points lower than the app industry average of 2.48%. Sap Se's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Sap Se's dividend has shown consistent growth over the last 10 years.

Sap Se's dividend payout ratio of 49.1% indicates that its dividend yield is sustainable for the long-term.

2. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) has an annual dividend yield of 12.7%, which is 10 percentage points higher than the app industry average of 2.48%. 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.

3. American Software (NASDAQ:AMSWA)


American Software (NASDAQ:AMSWA) has an annual dividend yield of 4.37%, which is 2 percentage points higher than the app industry average of 2.48%. 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 down?

App stocks were down -0.35% in the last day, and up 1.24% over the last week. Jfrog was the among the top losers in the software - application industry, dropping -18.73% yesterday.

JFrog shares are trading lower. The company reported Q1 financial results.

What are the most undervalued app stocks?

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

1. Karooooo (NASDAQ:KARO)


Karooooo (NASDAQ:KARO) is the most undervalued app stock based on WallStreetZen's Valuation Score. Karooooo has a valuation score of 71, which is 56 points higher than the app industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Karooooo's stock has gained 27.48% in the past year. It has overperformed other stocks in the app industry by 1 percentage points.

2. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Mind Cti has a valuation score of 71, which is 56 points higher than the app industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Mind Cti's stock has dropped -1.56% in the past year. It has underperformed other stocks in the app industry by -28 percentage points.

3. Red Violet (NASDAQ:RDVT)


Red Violet (NASDAQ:RDVT) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Red Violet has a valuation score of 71, which is 56 points higher than the app industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Red Violet's stock has gained 19.33% in the past year. It has underperformed other stocks in the app industry by -7 percentage points.

Are app stocks a good buy now?

43.58% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 19.58% 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 34.74x.
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