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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)
GLOB
GLOBANT SA
Luxembourg
$7.12B41,829,00093.20%0.00%
APPS
DIGITAL TURBINE INC
United States
$1.66B99,016,83034.48%65.52%Net BuyingNet Selling
OTEX
OPEN TEXT CORP
Canada
$9.43B270,463,11964.35%0.00%
PAYA
PAYA HOLDINGS INC
United States
$1.29B132,214,52867.28%32.72%Net SellingNet Selling
PUBM
PUBMATIC INC
United States
$836.33M52,566,14241.61%2.99%Net SellingNet Selling
DV
DOUBLEVERIFY HOLDINGS INC
United States
$4.59B164,875,08740.89%59.11%Net SellingNet Selling
PRGS
PROGRESS SOFTWARE CORP
United States
$2.43B43,345,28783.33%16.67%Net SellingNet Selling
CCRD
CORECARD CORP
United States
$290.80M8,512,86941.17%28.36%Net Buying
PAYC
PAYCOM SOFTWARE INC
United States
$19.79B60,020,36926.15%73.85%Net Selling
CDNS
CADENCE DESIGN SYSTEMS INC
United States
$51.00B274,316,00084.07%6.33%Net SellingNet Selling
ESMT
ENGAGESMART INC
United States
$3.24B165,481,99553.49%46.51%Net BuyingNet Selling
DCBO
DOCEBO INC
Canada (Federal Level)
$1.30B32,905,57938.51%0.00%
YALA
YALLA GROUP LTD
United Arab Emirates
$779.06M155,190,7243.89%0.00%
INTU
INTUIT INC
United States
$116.58B280,925,35082.67%6.13%Net SellingNet Selling
DSGX
DESCARTES SYSTEMS GROUP INC
Canada
$6.50B84,817,99480.37%0.00%
ZDGE
ZEDGE INC
United States
$39.15M14,774,78620.49%16.74%Net BuyingNet Buying
NATI
NATIONAL INSTRUMENTS CORP
United States
$6.92B130,568,53972.30%27.70%Net SellingNet Selling
AGMH
AGM GROUP HOLDINGS INC
Hong Kong
$43.49M26,354,8421.32%0.00%
NOW
SERVICENOW INC
United States
$92.41B203,000,00068.59%31.41%Net SellingNet Selling
IBEX
IBEX LTD
United States
$475.28M18,140,57727.18%0.00%
TSRI
TSR INC
United States
$20.68M2,127,50310.91%84.33%Net BuyingNet Buying
PTC
PTC INC
United States
$15.43B117,471,96976.73%23.27%Net SellingNet Selling
AMSWA
AMERICAN SOFTWARE INC
United States
$514.20M33,740,45081.67%3.06%Net Buying
SPNS
SAPIENS INTERNATIONAL CORP N V
Netherlands Antilles
$1.26B55,110,00023.42%0.00%
MNDO
MIND CTI LTD
Israel
$48.45M20,105,00013.37%0.00%
RIOT
RIOT PLATFORMS INC
United States
$1.12B167,296,91134.77%22.04%Net SellingNet Selling
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
Israel
$839.15M49,073,05518.24%0.00%
KARO
KAROOOOO LTD
Singapore
$793.90M30,951,10610.26%0.00%
PCTY
PAYLOCITY HOLDING CORP
United States
$12.17B55,769,71871.41%28.59%Net SellingNet Selling
OTMO
OTONOMO TECHNOLOGIES LTD
Israel
$77.24M139,933,63640.98%19.52%Net Buying
NICE
NICE LTD
Israel
$14.43B66,446,00061.06%0.00%
MANH
MANHATTAN ASSOCIATES INC
United States
$9.05B62,495,97196.76%2.04%Net SellingNet Selling
DDOG
DATADOG INC
United States
$24.44B317,559,83870.93%6.10%Net BuyingNet Buying
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
United States
$15.29B251,910,81668.35%31.65%Net BuyingNet Buying
IDEX
IDEANOMICS INC
United States
$96.94M563,602,8884.44%4.21%Net Buying
PRCH
PORCH GROUP INC
United States
$350.94M100,554,54369.46%30.54%Net BuyingNet Buying
ZI
ZOOMINFO TECHNOLOGIES INC
United States
$11.59B403,657,00965.64%34.36%Net SellingNet Selling
MAPS
WM TECHNOLOGY INC
United States
$206.48M146,438,82931.72%38.58%Net SellingNet Selling
VCSA
VACASA INC
United States
$766.63M438,071,43041.97%36.09%Net Selling
PLUS
EPLUS INC
United States
$1.42B26,906,70962.51%37.49%Net SellingNet Selling
MTLS
MATERIALISE NV
Belgium
$623.13M59,064,00031.88%0.00%
MITK
MITEK SYSTEMS INC
United States
$462.89M44,680,42963.92%36.08%Net BuyingNet Buying
ADSK
AUTODESK INC
United States
$47.11B215,767,49486.89%13.11%Net SellingNet Selling
MYSZ
MY SIZE INC
Israel
$4.47M1,626,1173.04%96.96%
CALX
CALIX INC
United States
$3.43B65,441,28876.53%23.47%Net SellingNet Buying
AGYS
AGILYSYS INC
United States
$2.09B25,208,59837.54%62.46%Net SellingNet Selling
BMBL
BUMBLE INC
United States
$5.04B187,981,41469.95%0.19%Net Buying
FRSH
FRESHWORKS INC
United States
$4.68B287,916,85039.90%3.69%Net BuyingNet Buying
CVLT
COMMVAULT SYSTEMS INC
United States
$2.83B44,553,30551.88%48.12%Net SellingNet Selling
CRM
SALESFORCE INC
United States
$169.05B1,000,000,00075.84%3.92%Net SellingNet Selling
NCNO
NCINO INC
United States
$3.22B111,034,52363.39%36.61%Net SellingNet Selling
SEAC
SEACHANGE INTERNATIONAL INC
United States
$24.59M50,189,4587.89%82.82%Net BuyingNet Buying
BSQR
BSQUARE CORP
United States
$27.03M20,493,8275.98%58.62%Net Buying
LSPD
LIGHTSPEED COMMERCE INC
Canada (Federal Level)
$2.55B150,718,66451.24%0.00%
MIXT
MIX TELEMATICS LTD
South Africa
$183.96M552,085,9321.50%16.70%Net BuyingNet Selling
PCYG
PARK CITY GROUP INC
United States
$112.70M18,400,6541.01%98.99%
SSTI
SHOTSPOTTER INC
United States
$457.59M12,195,95060.91%32.66%Net SellingNet Selling
DT
DYNATRACE INC
United States
$13.39B289,051,86254.55%45.45%Net SellingNet Selling
OLO
OLO INC
United States
$1.35B163,405,89478.75%2.36%Net SellingNet Selling
LAZR
LUMINAR TECHNOLOGIES INC
United States
$2.87B362,757,85135.26%7.71%Net SellingNet Selling
AMST
AMESITE INC
United States
$11.51M30,300,3054.53%53.37%Net BuyingNet Buying
API
AGORA INC
China
$462.32M463,482,5629.35%0.00%
SMRT
SMARTRENT INC
United States
$610.91M198,348,47346.05%41.85%Net SellingNet Selling
IMMR
IMMERSION CORP
United States
$233.59M32,308,89526.69%73.31%Net BuyingNet Selling
AEYE
AUDIOEYE INC
United States
$77.57M11,508,67716.40%83.60%Net BuyingNet Selling
CLSK
CLEANSPARK INC
United States
$249.56M71,711,38119.21%80.79%Net SellingNet Buying
RDVT
RED VIOLET INC
United States
$334.42M13,893,80353.08%37.44%Net SellingNet Selling
ACVA
ACV AUCTIONS INC
United States
$1.71B158,214,73569.80%1.69%Net SellingNet Selling
FTFT
FUTURE FINTECH GROUP INC
China
$30.42M14,622,8290.97%99.03%
ANSS
ANSYS INC
United States
$23.73B87,112,23589.84%2.73%Net SellingNet Selling
RMNI
RIMINI STREET INC
United States
$436.98M88,278,00070.90%29.10%Net SellingNet Selling
DSP
VIANT TECHNOLOGY INC
United States
$281.86M61,542,34413.13%79.76%Net SellingNet Selling
WETG
WETRADE GROUP INC
China
$59.88M195,057,5031.09%41.49%
OCFT
ONECONNECT FINANCIAL TECHNOLOGY CO LTD
China
$258.30M1,169,980,6611.86%0.00%
TEAM
ATLASSIAN CORP
United States
$44.18B256,287,36245.37%0.61%Net SellingNet Selling
CIH
CHINA INDEX HOLDINGS LTD
China
$84.82M90,425,36815.88%0.00%
CPTN
CEPTON INC
United States
$197.08M156,413,6405.45%94.55%Net SellingNet Selling
RSKD
RISKIFIED LTD
Israel
$1.07B169,266,38824.07%0.00%
IDBA
IDEX BIOMETRICS ASA
Norway
$75.16M1,016,080,4170.00%0.00%
MTTR
MATTERPORT INC
United States
$1.04B287,443,51833.11%23.30%Net SellingNet Selling
LAW
CS DISCO INC
United States
$505.36M59,037,75545.27%54.73%Net SellingNet Buying
PALT
PALTALK INC
United States
$38.22M9,345,0590.35%99.65%Net Buying
XM
QUALTRICS INTERNATIONAL INC
United States
$9.70B590,730,72121.24%15.44%Net SellingNet Selling
EBIX
EBIX INC
United States
$606.95M30,903,89967.18%28.91%
FROG
JFROG LTD
United States
$2.53B100,289,61251.80%31.88%Net SellingNet Selling
VTEX
VTEX
Cayman Islands
$816.82M191,741,12235.70%0.00%
STNE
STONECO LTD
Cayman Islands
$3.18B312,846,52059.74%0.00%
SHOP
SHOPIFY INC
Canada
$65.60B1,272,018,04655.92%0.00%
DGHI
DIGIHOST TECHNOLOGY INC
Canada
$45.36M27,826,1460.78%0.00%
BLND
BLEND LABS INC
United States
$499.18M237,703,46457.24%16.56%Net SellingNet Selling
NRDY
NERDY INC
United States
$479.24M162,452,63837.70%43.38%Net BuyingNet Selling
WDAY
WORKDAY INC
United States
$47.22B257,000,00066.99%3.48%Net SellingNet Selling
TTD
TRADE DESK INC
United States
$25.62B489,511,12767.03%1.63%Net SellingNet Selling
MRIN
MARIN SOFTWARE INC
United States
$21.11M16,115,1708.83%91.17%Net SellingNet Selling
MTC
MMTEC INC
China
$2.35M3,137,0016.00%0.00%
ASAN
ASANA INC
United States
$3.41B212,774,07427.56%28.03%Net BuyingNet Selling
MLNK
MERIDIANLINK INC
United States
$1.38B80,917,71050.63%49.37%Net SellingNet Selling
INPX
INPIXON
United States
$15.22M13,238,89341.95%58.05%
GTLB
GITLAB INC
United States
$7.52B149,700,00048.69%32.70%Net BuyingNet Buying
SAP
SAP SE
Germany
$147.08B1,228,504,2325.02%0.00%

App Stocks FAQ

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

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

1. Globant Sa (NYSE:GLOB)


Globant Sa (NYSE:GLOB) is the top app stock with a Zen Score of 61, which is 34 points higher than the app industry average of 27. It passed 21 out of 33 due diligence checks and has strong fundamentals. Globant Sa has seen its stock lose -31.67% over the past year, underperforming other app stocks by -4 percentage points.

Globant Sa has an average 1 year price target of $231.00, an upside of 35.79% from Globant Sa's current stock price of $170.11.

Globant Sa stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Globant Sa, 85.71% have issued a Strong Buy rating, 14.29% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Digital Turbine (NASDAQ:APPS)


Digital Turbine (NASDAQ:APPS) is the second best app stock with a Zen Score of 57, which is 30 points higher than the app industry average of 27. It passed 19 out of 33 due diligence checks and has strong fundamentals. Digital Turbine has seen its stock lose -62.54% over the past year, underperforming other app stocks by -35 percentage points.

Digital Turbine has an average 1 year price target of $24.75, an upside of 47.5% from Digital Turbine's current stock price of $16.78.

Digital Turbine stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Digital Turbine, 25% have issued a Strong Buy rating, 50% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Open Text (NASDAQ:OTEX)


Open Text (NASDAQ:OTEX) is the third best app stock with a Zen Score of 55, which is 28 points higher than the app industry average of 27. It passed 20 out of 38 due diligence checks and has strong fundamentals. Open Text has seen its stock lose -20.34% over the past year, overperforming other app stocks by 7 percentage points.

Open Text has an average 1 year price target of $36.75, an upside of 5.45% from Open Text's current stock price of $34.85.

Open Text stock has a consensus Hold recommendation according to Wall Street analysts. Of the 4 analysts covering Open Text, 0% have issued a Strong Buy rating, 25% have issued a Buy, 75% 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 10.79%, which is 9 percentage points higher than the app industry average of 2.21%. 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 shown consistent growth over the last 10 years.

Mind Cti's dividend payout ratio of 96.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Magic Software Enterprises (NASDAQ:MGIC)


Magic Software Enterprises (NASDAQ:MGIC) has an annual dividend yield of 2.96%, which is 1 percentage points higher than the app industry average of 2.21%. Magic Software Enterprises's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Magic Software Enterprises's dividend has shown consistent growth over the last 10 years.

Magic Software Enterprises's dividend payout ratio of 79.1% indicates that its dividend yield is sustainable for the long-term.

3. Mix Telematics (NYSE:MIXT)


Mix Telematics (NYSE:MIXT) has an annual dividend yield of 2.94%, which is 1 percentage points higher than the app industry average of 2.21%. 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 102% indicates that its dividend yield might not be sustainable for the long-term.

Why are app stocks down?

App stocks were down -1.39% in the last day, and up 4.78% over the last week. Cuentas was the among the top losers in the software - application industry, dropping -15.36% yesterday.

Cuentas shares are trading lower after the company announced a $5 million registered direct offering priced at $1.32 per share.

What are the most undervalued app stocks?

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

1. Open Text (NASDAQ:OTEX)


Open Text (NASDAQ:OTEX) is the most undervalued app stock based on WallStreetZen's Valuation Score. Open Text has a valuation score of 86, which is 64 points higher than the app industry average of 22. It passed 6 out of 7 valuation due diligence checks.

Open Text's stock has dropped -20.34% in the past year. It has overperformed other stocks in the app industry by 7 percentage points.

2. Agm Group Holdings (NASDAQ:AGMH)


Agm Group Holdings (NASDAQ:AGMH) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Agm Group Holdings has a valuation score of 71, which is 49 points higher than the app industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Agm Group Holdings's stock has dropped -4.07% in the past year. It has overperformed other stocks in the app industry by 24 percentage points.

3. China Index Holdings (NASDAQ:CIH)


China Index Holdings (NASDAQ:CIH) is the third most undervalued app stock based on WallStreetZen's Valuation Score. China Index Holdings has a valuation score of 71, which is 49 points higher than the app industry average of 22. It passed 5 out of 7 valuation due diligence checks.

China Index Holdings's stock has dropped -8.93% in the past year. It has overperformed other stocks in the app industry by 19 percentage points.

Are app stocks a good buy now?

41.56% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 20.91% 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 47.75x.
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.