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Sectors & IndustriesTechnologySoftware - Application
Best App Stocks to Buy Now (2023)
Top app stocks in 2023 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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
AGYS
AGILYSYS INC
United States
$1.68B25,353,91837.78%62.22%Net SellingNet Selling
TTD
TRADE DESK INC
United States
$38.39B490,198,40568.20%1.66%Net SellingNet Selling
ZM
ZOOM VIDEO COMMUNICATIONS INC
United States
$21.10B300,956,95454.23%3.09%Net SellingNet Selling
DV
DOUBLEVERIFY HOLDINGS INC
United States
$4.67B167,403,19950.24%49.76%Net SellingNet Selling
NATI
NATIONAL INSTRUMENTS CORP
United States
$7.93B132,797,49769.95%30.05%Net SellingNet Selling
INTU
INTUIT INC
United States
$145.12B280,259,49382.55%6.16%Net SellingNet Selling
PUBM
PUBMATIC INC
United States
$609.97M51,868,01239.87%3.21%Net SellingNet Selling
ZI
ZOOMINFO TECHNOLOGIES INC
United States
$6.49B401,469,49167.27%32.73%Net SellingNet Selling
ADSK
AUTODESK INC
United States
$44.67B213,763,63286.69%13.31%Net SellingNet Selling
CRM
SALESFORCE INC
United States
$198.21B973,000,00077.41%5.53%Net SellingNet Selling
MIXT
MIX TELEMATICS LTD
South Africa
$127.42M554,020,6121.77%15.65%Net SellingNet Selling
NOW
SERVICENOW INC
United States
$113.27B204,000,00068.87%31.13%Net SellingNet Selling
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
United States
$12.93B248,088,38667.74%32.26%Net BuyingNet Buying
TSRI
TSR INC
United States
$17.79M2,143,71210.40%83.69%Net Buying
DT
DYNATRACE INC
United States
$13.76B293,290,05057.90%42.10%Net SellingNet Selling
YALA
YALLA GROUP LTD
United Arab Emirates
$835.67M158,871,8594.65%0.00%
HKD
AMTD DIGITAL INC
Singapore
$1.06B76,578,1421.03%0.00%
IMMR
IMMERSION CORP
United States
$217.31M32,241,49832.30%67.70%Net SellingNet Selling
AMSWA
AMERICAN SOFTWARE INC
United States
$391.21M34,166,45079.80%3.13%Net Buying
CDNS
CADENCE DESIGN SYSTEMS INC
United States
$64.28B271,790,00083.90%6.29%Net SellingNet Selling
SPNS
SAPIENS INTERNATIONAL CORP N V
Netherlands Antilles
$1.57B55,196,00027.11%0.00%
AVID
AVID TECHNOLOGY INC
United States
$1.18B44,037,72054.75%45.25%Net SellingNet Selling
BSY
BENTLEY SYSTEMS INC
United States
$14.73B294,966,27637.20%41.34%Net SellingNet Selling
DSGX
DESCARTES SYSTEMS GROUP INC
Canada
$6.19B85,095,92976.64%0.00%
PCTY
PAYLOCITY HOLDING CORP
United States
$10.35B55,921,14373.20%26.80%Net SellingNet Selling
PTC
PTC INC
United States
$16.74B118,833,21178.07%21.93%Net SellingNet Selling
RDVT
RED VIOLET INC
United States
$263.10M13,913,49154.94%37.38%Net Selling
MANH
MANHATTAN ASSOCIATES INC
United States
$12.26B61,668,80297.55%1.88%Net SellingNet Selling
SURG
SURGEPAYS INC
United States
$65.00M14,223,20216.40%49.45%Net BuyingNet Buying
DCBO
DOCEBO INC
Canada (Federal Level)
$1.29B32,720,79138.24%0.00%
ANSS
ANSYS INC
United States
$25.81B86,791,07390.18%2.82%Net SellingNet Selling
INLX
INTELLINETICS INC
United States
$18.33M4,073,7570.01%99.99%Net Buying
PLUS
EPLUS INC
United States
$1.74B26,937,90362.46%37.54%Net SellingNet Selling
PRGS
PROGRESS SOFTWARE CORP
United States
$2.26B43,365,97383.58%16.42%Net SellingNet Buying
OTEX
OPEN TEXT CORP
Canada
$9.49B271,186,62064.60%0.00%
TIO
TINGO GROUP INC
United States
$203.17M205,219,04815.29%53.50%Net BuyingNet Buying
OTMO
OTONOMO TECHNOLOGIES LTD
Israel
$38.60M9,650,26664.56%35.44%
PDFS
PDF SOLUTIONS INC
United States
$1.22B38,126,86772.49%19.44%Net SellingNet Selling
KARO
KAROOOOO LTD
Singapore
$631.25M30,951,10610.45%0.00%
CALX
CALIX INC
United States
$3.03B66,320,01376.69%23.31%Net SellingNet Selling
PCYG
PARK CITY GROUP INC
United States
$156.49M18,175,4801.05%98.95%
EGAN
EGAIN CORP
United States
$194.57M31,483,38642.54%57.46%
SSNT
SILVERSUN TECHNOLOGIES INC
United States
$18.13M5,256,1770.46%99.54%
NICE
NICE LTD
Israel
$11.05B63,941,00063.05%0.00%
RSSS
RESEARCH SOLUTIONS INC
United States
$72.21M29,596,08623.35%74.41%Net SellingNet Selling
API
AGORA INC
China
$242.90M390,200,0007.64%0.00%
PAYC
PAYCOM SOFTWARE INC
United States
$15.72B60,467,05326.27%73.73%Net SellingNet Selling
MNDO
MIND CTI LTD
Israel
$38.28M20,202,0009.38%0.00%
GRAB
GRAB HOLDINGS LTD
Singapore
$13.59B3,904,081,00050.38%0.01%
PALT
PALTALK INC
United States
$17.06M9,222,1571.97%98.03%
MITK
MITEK SYSTEMS INC
United States
$481.43M45,589,57565.84%34.16%Net Buying
OCFT
ONECONNECT FINANCIAL TECHNOLOGY CO LTD
China
$122.01M1,169,980,6530.14%0.00%
LSPD
LIGHTSPEED COMMERCE INC
Canada (Federal Level)
$2.10B151,874,40152.07%0.00%
TEAM
ATLASSIAN CORP
United States
$50.82B257,380,66653.26%0.79%Net SellingNet Selling
APP
APPLOVIN CORP
United States
$14.20B347,795,63341.84%31.63%Net SellingNet Selling
VTEX
VTEX
Cayman Islands
$933.74M186,748,15721.75%0.00%
LPSN
LIVEPERSON INC
United States
$295.46M77,957,46373.47%10.52%Net SellingNet Selling
DPSI
DECISIONPOINT SYSTEMS INC
United States
$39.05M7,627,6663.86%96.14%Net BuyingNet Buying
SMRT
SMARTRENT INC
United States
$526.62M200,234,70255.67%41.67%Net SellingNet Selling
EB
EVENTBRITE INC
United States
$984.81M100,183,76481.24%7.04%Net SellingNet Selling
MTLS
MATERIALISE NV
Belgium
$321.33M59,067,18624.67%0.00%
TROO
TROOPS INC
China
$407.41M101,597,9980.10%1.33%
SAP
SAP SE
Germany
$157.94B1,228,504,2324.81%0.00%
BSQR
BSQUARE CORP
United States
$23.42M19,843,84515.27%67.48%
CCRD
CORECARD CORP
United States
$173.21M8,490,68144.59%25.56%Net Buying
ALRM
ALARMCOM HOLDINGS INC
United States
$2.99B49,906,14238.14%61.86%Net SellingNet Selling
AI
C3AI INC
United States
$2.92B118,201,76438.00%27.62%Net SellingNet Selling
LAW
CS DISCO INC
United States
$408.34M60,138,21543.47%56.53%Net BuyingNet Selling
BILL
BILL HOLDINGS INC
United States
$11.59B106,605,60598.94%1.06%Net SellingNet Selling
IDN
INTELLICHECK INC
United States
$43.03M19,297,52326.80%73.20%Net Buying
ENFN
ENFUSION INC
United States
$1.12B123,427,53938.12%58.08%Net SellingNet Selling
NCNO
NCINO INC
United States
$3.53B112,911,19564.79%35.21%Net SellingNet Selling
AMPL
AMPLITUDE INC
United States
$1.36B117,966,30345.10%42.31%Net SellingNet Selling
DDOG
DATADOG INC
United States
$29.85B324,999,45968.25%3.91%Net BuyingNet Selling
AEYE
AUDIOEYE INC
United States
$62.57M11,806,30414.99%85.01%Net BuyingNet Buying
APPS
DIGITAL TURBINE INC
United States
$604.11M100,517,14235.48%64.52%Net SellingNet Selling
SPT
SPROUT SOCIAL INC
United States
$2.75B55,734,36057.37%42.63%Net SellingNet Selling
NRDY
NERDY INC
United States
$604.75M169,397,71538.42%53.87%Net SellingNet Selling
KC
KINGSOFT CLOUD HOLDINGS LTD
China
$1.14B3,539,136,5951.26%0.00%
RSKD
RISKIFIED LTD
Israel
$783.66M176,102,28429.41%0.00%
WDAY
WORKDAY INC
United States
$55.98B262,000,00067.79%3.71%Net SellingNet Selling
PRCH
PORCH GROUP INC
United States
$73.92M98,431,80154.79%45.21%Net BuyingNet Buying
FRSH
FRESHWORKS INC
United States
$5.69B293,566,81346.91%9.74%Net SellingNet Selling
YMM
FULL TRUCK ALLIANCE CO LTD
China
$7.42B21,177,034,0982.04%0.00%
PYCR
PAYCOR HCM INC
United States
$4.01B176,863,07022.36%77.64%Net SellingNet Selling
FTFT
FUTURE FINTECH GROUP INC
China
$15.89M14,645,6530.14%99.86%
PBTS
POWERBRIDGE TECHNOLOGIES CO LTD
China
$1.84M1,187,5125.46%0.00%
ROP
ROPER TECHNOLOGIES INC
United States
$51.64B106,710,89991.48%3.26%Net SellingNet Selling
MAPS
WM TECHNOLOGY INC
United States
$199.53M148,902,00523.74%39.08%Net SellingNet Selling
DAVE
DAVE INC
United States
$71.67M11,984,7965.91%94.09%Net SellingNet Selling
WKME
WALKME LTD
Israel
$793.01M88,604,38558.38%0.00%
GTLB
GITLAB INC
United States
$7.09B154,000,00053.73%34.28%Net BuyingNet Selling
VCSA
VACASA INC
United States
$204.24M444,000,55336.21%42.73%Net SellingNet Selling
MSTR
MICROSTRATEGY INC
United States
$4.64B14,085,39449.13%0.80%Net SellingNet Buying
ESTC
ELASTIC NV
Netherlands
$7.97B98,419,07251.78%48.22%Net SellingNet Selling
MTTR
MATTERPORT INC
United States
$665.73M301,235,62130.57%22.55%Net SellingNet Selling
ALKT
ALKAMI TECHNOLOGY INC
United States
$1.68B94,228,87639.25%60.75%Net SellingNet Selling
AMST
AMESITE INC
United States
$6.44M2,545,4400.85%99.15%Net Buying
RMNI
RIMINI STREET INC
United States
$188.86M89,087,00068.53%28.49%Net SellingNet Selling
CXM
SPRINKLR INC
United States
$3.78B270,473,94038.33%61.67%Net SellingNet Selling

App Stocks FAQ

What are the best app stocks to buy right now in Oct 2023?

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 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. Agilysys has seen its stock return 21.29% over the past year, overperforming other app stocks by 10 percentage points.

Agilysys has an average 1 year price target of $86.75, an upside of 31.18% from Agilysys's current stock price of $66.13.

Agilysys stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 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. Trade Desk (NASDAQ:TTD)


Trade Desk (NASDAQ:TTD) is the second best app stock with a Zen Score of 61, which is 34 points higher than the app industry average of 27. It passed 20 out of 33 due diligence checks and has strong fundamentals. Trade Desk has seen its stock return 28.1% over the past year, overperforming other app stocks by 17 percentage points.

Trade Desk has an average 1 year price target of $89.37, an upside of 14.12% from Trade Desk's current stock price of $78.31.

Trade Desk stock has a consensus Buy recommendation according to Wall Street analysts. Of the 19 analysts covering Trade Desk, 57.89% have issued a Strong Buy rating, 26.32% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 15.79% have issued a Strong Sell.

3. Zoom (NASDAQ:ZM)


Zoom (NASDAQ:ZM) 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. Zoom has seen its stock lose -5.18% over the past year, underperforming other app stocks by -17 percentage points.

Zoom has an average 1 year price target of $82.71, an upside of 17.98% from Zoom's current stock price of $70.11.

Zoom stock has a consensus Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Zoom, 21.43% have issued a Strong Buy rating, 14.29% have issued a Buy, 57.14% have issued a hold, while 0% have issued a Sell rating, and 7.14% have issued a Strong Sell.

What are the app stocks with highest dividends?

Out of 22 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 12.66%, which is 11 percentage points higher than the app industry average of 2.14%. 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 96% indicates that its high dividend yield might not be sustainable for the long-term.

2. Silversun Technologies (NASDAQ:SSNT)


Silversun Technologies (NASDAQ:SSNT) has an annual dividend yield of 5.8%, which is 4 percentage points higher than the app industry average of 2.14%.

Silversun Technologies's dividend payout ratio of 0% indicates that its high dividend yield might not be sustainable for the long-term.

3. Mix Telematics (NYSE:MIXT)


Mix Telematics (NYSE:MIXT) has an annual dividend yield of 4%, which is 2 percentage points higher than the app industry average of 2.14%. Mix Telematics's dividend payout is not stable, having dropped more than 10% five times in the last 10 years. Mix Telematics's dividend has not shown consistent growth over the last 10 years.

Mix Telematics's dividend payout ratio of 76.7% indicates that its dividend yield is sustainable for the long-term.

Why are app stocks down?

App stocks were down -0.17% in the last day, and up 0.05% over the last week. Borqs Technologies was the among the top losers in the software - application industry, dropping -30.73% yesterday.

Shares of technology and software stocks are trading lower amid rising Treasury yields, which have negatively impacted growth stocks.

What are the most undervalued app stocks?

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

1. Tsr (NASDAQ:TSRI)


Tsr (NASDAQ:TSRI) is the most undervalued app stock based on WallStreetZen's Valuation Score. Tsr has a valuation score of 100, which is 79 points higher than the app industry average of 21. It passed 7 out of 7 valuation due diligence checks.

Tsr's stock has gained 15.79% in the past year. It has overperformed other stocks in the app industry by 4 percentage points.

2. Ebix (NASDAQ:EBIX)


Ebix (NASDAQ:EBIX) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Ebix has a valuation score of 71, which is 50 points higher than the app industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Ebix's stock has dropped -53.67% in the past year. It has underperformed other stocks in the app industry by -65 percentage points.

3. Tingo Group (NASDAQ:TIO)


Tingo Group (NASDAQ:TIO) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Tingo Group has a valuation score of 71, which is 50 points higher than the app industry average of 21. It passed 5 out of 7 valuation due diligence checks.

Tingo Group's stock has gained 59.68% in the past year. It has overperformed other stocks in the app industry by 48 percentage points.

Are app stocks a good buy now?

40.91% of app stocks rated by analysts are a buy right now. On average, analysts expect app stocks to rise by 20.65% 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 -0.68x.
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.