Sectors & IndustriesTechnologySoftware - Application
Best App Stocks to Buy Now (2024)
Top app stocks in 2024 ranked by overall Due Diligence 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)
HTCR
HEARTCORE ENTERPRISES INC
Japan
$33.28M20,933,7970.86%52.45%Net SellingNet Selling
APP
APPLOVIN CORP
United States
$134.74B335,591,80454.84%26.84%Net SellingNet Selling
DCBO
DOCEBO INC
Canada (Federal Level)
$1.48B30,173,51641.78%0.00%
YMM
FULL TRUCK ALLIANCE CO LTD
China
$11.20B20,818,441,7202.54%0.00%
NXTT
NEXT TECHNOLOGY HOLDING INC
China
$16.95M6,976,4100.38%99.62%
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
United States
$18.85B247,685,13167.51%32.49%Net BuyingNet Buying
PRGS
PROGRESS SOFTWARE CORP
United States
$2.96B42,905,02584.62%15.38%Net SellingNet Selling
IMMR
IMMERSION CORP
United States
$278.38M32,182,39531.22%68.78%Net SellingNet Selling
TTD
TRADE DESK INC
United States
$68.66B493,573,91369.73%1.61%Net SellingNet Selling
APPF
APPFOLIO INC
United States
$9.56B36,333,31651.88%31.75%Net SellingNet Selling
ZM
ZOOM VIDEO COMMUNICATIONS INC
United States
$26.43B306,494,93156.38%3.05%Net SellingNet Selling
NICE
NICE LTD
Israel
$12.31B64,838,00062.48%0.00%
INTU
INTUIT INC
United States
$181.03B280,035,00081.66%6.01%Net SellingNet Selling
YALA
YALLA GROUP LTD
United Arab Emirates
$693.67M160,944,0364.93%0.00%
DAVE
DAVE INC
United States
$1.17B12,756,97019.66%80.34%Net SellingNet Selling
UBER
UBER TECHNOLOGIES INC
United States
$139.17B2,105,709,32573.82%26.18%Net SellingNet Selling
UPBD
UPBOUND GROUP INC
United States
$1.85B54,699,60277.28%22.72%Net SellingNet Selling
OTEX
OPEN TEXT CORP
Canada
$8.15B265,880,30166.41%0.00%
DUOL
DUOLINGO INC
United States
$16.21B43,984,55876.94%23.06%Net SellingNet Selling
MNDO
MIND CTI LTD
Israel
$40.72M20,463,0009.25%0.00%
DOCU
DOCUSIGN INC
United States
$21.61B202,023,14163.96%36.04%Net SellingNet Selling
RDVT
RED VIOLET INC
United States
$534.01M13,791,65259.00%37.56%Net SellingNet Selling
MNDY
MONDAYCOM LTD
Israel
$14.89B50,134,93077.43%0.00%
VERB
VERB TECHNOLOGY COMPANY INC
United States
$8.23M993,07119.84%80.16%Net BuyingNet Buying
SEMR
SEMRUSH HOLDINGS INC
United States
$2.07B146,701,76035.77%64.23%Net SellingNet Selling
VMEO
VIMEO INC
United States
$1.15B165,850,91484.77%11.48%Net SellingNet Selling
NOW
SERVICENOW INC
United States
$231.61B206,000,00069.28%30.72%Net SellingNet Selling
VERX
VERTEX INC
United States
$8.78B155,959,96044.36%18.38%Net SellingNet Selling
SPNS
SAPIENS INTERNATIONAL CORP N V
Netherlands Antilles
$1.58B55,854,00034.79%0.00%
EGAN
EGAIN CORP
United States
$161.73M28,523,87040.99%59.01%Net SellingNet Selling
CVLT
COMMVAULT SYSTEMS INC
United States
$7.68B43,725,96051.40%48.60%Net SellingNet Selling
DV
DOUBLEVERIFY HOLDINGS INC
United States
$3.50B169,165,00955.90%44.10%Net SellingNet Selling
ADEA
ADEIA INC
United States
$1.46B109,264,93792.14%7.86%Net SellingNet Selling
PDFS
PDF SOLUTIONS INC
United States
$1.17B38,772,86473.20%19.08%Net Selling
AGYS
AGILYSYS INC
United States
$3.74B27,950,51039.52%60.48%Net SellingNet Selling
WDAY
WORKDAY INC
United States
$70.87B266,000,00068.17%3.59%Net SellingNet Selling
PCTY
PAYLOCITY HOLDING CORP
United States
$11.47B55,746,76875.49%24.51%Net SellingNet Selling
VTEX
VTEX
Cayman Islands
$1.20B185,524,14530.41%0.00%
PERF
PERFECT CORP
Taiwan
$223.05M101,849,00010.40%0.00%
DAY
DAYFORCE INC
United States
$12.39B157,700,00079.35%20.65%Net SellingNet Selling
CWAN
CLEARWATER ANALYTICS HOLDINGS INC
United States
$7.35B247,024,33180.17%15.63%Net SellingNet Selling
BL
BLACKLINE INC
United States
$4.01B62,485,52157.86%42.14%Net SellingNet Selling
KARO
KAROOOOO LTD
Singapore
$1.53B30,900,00010.81%0.00%
LGCL
LUCAS GC LTD
China
$49.87M82,563,3000.87%0.00%
ENFN
ENFUSION INC
United States
$1.31B128,570,83855.41%44.59%Net SellingNet Selling
PTC
PTC INC
United States
$24.14B120,129,08079.90%20.10%Net SellingNet Selling
TYL
TYLER TECHNOLOGIES INC
United States
$26.67B42,798,58547.15%52.85%Net SellingNet Buying
YOU
CLEAR SECURE INC
United States
$3.10B114,507,91660.51%39.49%Net SellingNet Selling
SHOP
SHOPIFY INC
Canada
$152.90B1,291,732,34263.34%0.00%
ANSS
ANSYS INC
United States
$30.20B87,449,95487.21%3.01%Net SellingNet Selling
DT
DYNATRACE INC
United States
$17.40B298,484,02162.78%37.22%Net SellingNet Selling
HKD
AMTD DIGITAL INC
Singapore
$569.49M76,958,2070.12%0.00%
DJCO
DAILY JOURNAL CORP
United States
$805.28M1,377,42644.52%55.48%
CXM
SPRINKLR INC
United States
$2.24B254,382,80941.44%58.56%Net SellingNet Selling
PAYC
PAYCOM SOFTWARE INC
United States
$13.64B57,662,04327.70%72.30%Net SellingNet Selling
ADSK
AUTODESK INC
United States
$66.16B215,000,00086.68%13.32%Net SellingNet Selling
BILL
BILL HOLDINGS INC
United States
$10.08B103,496,67695.78%4.22%Net SellingNet Selling
MTC
MMTEC INC
China
$44.21M199,145,0410.21%0.00%
MTLS
MATERIALISE NV
Belgium
$490.26M59,067,18612.26%0.00%
CDNS
CADENCE DESIGN SYSTEMS INC
United States
$84.34B274,263,00083.41%6.12%Net SellingNet Selling
MANH
MANHATTAN ASSOCIATES INC
United States
$18.48B61,075,27998.11%1.84%Net SellingNet Selling
LSPD
LIGHTSPEED COMMERCE INC
Canada (Federal Level)
$2.64B152,553,60554.93%0.00%
SURG
SURGEPAYS INC
United States
$36.90M20,161,5479.34%42.25%Net SellingNet Selling
DSGX
DESCARTES SYSTEMS GROUP INC
Canada
$10.38B85,501,00076.94%0.00%
QXO
QXO INC
United States
$7.12B409,430,19556.62%43.38%Net BuyingNet Selling
FICO
FAIR ISAAC CORP
United States
$57.75B24,347,90380.88%19.12%Net SellingNet Selling
SMRT
SMARTRENT INC
United States
$354.33M192,569,28957.78%42.22%Net BuyingNet Buying
SAP
SAP SE
Germany
$296.33B1,166,000,0005.92%0.00%
LGTY
LOGILITY SUPPLY CHAIN SOLUTIONS INC
United States
$390.16M35,501,64671.82%4.12%Net Buying
PLUS
EPLUS INC
United States
$2.18B26,802,97263.09%36.91%Net SellingNet Selling
ALRM
ALARMCOM HOLDINGS INC
United States
$3.38B49,429,09339.55%60.45%Net SellingNet Selling
PUBM
PUBMATIC INC
United States
$802.96M47,766,74453.16%3.65%Net SellingNet Selling
DDOG
DATADOG INC
United States
$57.29B339,723,05571.33%2.93%Net SellingNet Selling
OBLG
OBLONG INC
United States
$3.73M1,144,9260.01%99.99%
GWRE
GUIDEWIRE SOFTWARE INC
United States
$14.83B83,519,25770.87%29.13%Net SellingNet Selling
CCCS
CCC INTELLIGENT SOLUTIONS HOLDINGS INC
United States
$7.93B625,502,33472.99%27.01%Net SellingNet Buying
SRAD
SPORTRADAR GROUP AG
Switzerland
$5.27B1,111,464,90015.14%0.00%
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
India
$2.64M1,863,2380.67%0.00%
SWVL
SWVL HOLDINGS CORP
United Arab Emirates
$43.33M6,791,6050.32%0.00%
RSKD
RISKIFIED LTD
Israel
$823.56M164,055,58840.25%0.00%
ML
MONEYLION INC
United States
$960.59M11,101,23310.52%89.48%Net SellingNet Selling
BSY
BENTLEY SYSTEMS INC
United States
$15.03B302,249,92440.28%39.80%Net SellingNet Selling
PEGA
PEGASYSTEMS INC
United States
$8.34B85,753,80847.22%49.99%Net SellingNet Selling
OLO
OLO INC
United States
$1.23B163,669,72974.33%5.19%Net SellingNet Selling
ALKT
ALKAMI TECHNOLOGY INC
United States
$4.06B100,496,65443.47%56.53%Net SellingNet Selling
AI
C3AI INC
United States
$5.15B127,032,73846.70%26.03%Net BuyingNet Selling
CRM
SALESFORCE INC
United States
$346.42B957,000,00078.57%5.38%Net SellingNet Selling
CCRD
CORECARD CORP
United States
$188.44M7,901,14832.34%39.58%Net BuyingNet Buying
FRSH
FRESHWORKS INC
United States
$5.03B302,854,49660.99%11.99%Net SellingNet Selling
GRAB
GRAB HOLDINGS LTD
Singapore
$20.70B4,027,000,00047.61%0.01%
OCFT
ONECONNECT FINANCIAL TECHNOLOGY CO LTD
China
$95.37M1,169,980,6530.12%0.00%
NCNO
NCINO INC
United States
$4.33B115,793,93278.17%21.83%Net SellingNet Selling
LIF
LIFE360 INC
United States
$3.58B74,666,57410.00%4.28%Net SellingNet Selling
PYCR
PAYCOR HCM INC
United States
$3.45B179,658,81728.36%71.64%Net SellingNet Selling
FROG
JFROG LTD
United States
$3.48B111,563,21169.72%23.63%Net SellingNet Selling
TRAK
REPOSITRAK INC
United States
$422.01M18,260,9821.33%98.67%Net SellingNet Selling
RUM
RUMBLE INC
United States
$3.28B389,518,0636.57%6.65%Net SellingNet Selling
INTA
INTAPP INC
United States
$5.14B77,385,50258.32%41.68%Net SellingNet Selling
IDN
INTELLICHECK INC
United States
$59.09M19,762,31131.33%68.67%Net SellingNet Buying
BRZE
BRAZE INC
United States
$4.26B102,726,55441.59%58.41%Net SellingNet Selling

App Stocks FAQ

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

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

1. Heartcore Enterprises (NASDAQ:HTCR)


Heartcore Enterprises (NASDAQ:HTCR) is the top app stock with a Due Diligence Score of 75, which is 47 points higher than the app industry average of 28. It passed 25 out of 33 due diligence checks and has strong fundamentals. Heartcore Enterprises has seen its stock return 173.67% over the past year, overperforming other app stocks by 140 percentage points.

2. Applovin (NASDAQ:APP)


Applovin (NASDAQ:APP) is the second best app stock with a Due Diligence Score of 59, which is 31 points higher than the app industry average of 28. It passed 21 out of 33 due diligence checks and has strong fundamentals. Applovin has seen its stock return 996.99% over the past year, overperforming other app stocks by 964 percentage points.

Applovin has an average 1 year price target of $301.59, a downside of -24.88% from Applovin's current stock price of $401.50.

Applovin stock has a consensus Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Applovin, 52.94% have issued a Strong Buy rating, 23.53% have issued a Buy, 17.65% have issued a hold, while 0% have issued a Sell rating, and 5.88% have issued a Strong Sell.

3. Docebo (NASDAQ:DCBO)


Docebo (NASDAQ:DCBO) is the third best app stock with a Due Diligence 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 11.56% over the past year, underperforming other app stocks by -22 percentage points.

Docebo has an average 1 year price target of $55.25, an upside of 12.27% from Docebo's current stock price of $49.21.

Docebo stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Docebo, 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.

What are the app stocks with highest dividends?

Out of 20 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 12.06%, which is 10 percentage points higher than the app industry average of 1.98%. 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. Upbound Group (NASDAQ:UPBD)


Upbound Group (NASDAQ:UPBD) has an annual dividend yield of 4.37%, which is 2 percentage points higher than the app industry average of 1.98%. 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 99.3% 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%, which is 2 percentage points higher than the app industry average of 1.98%. 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 231.6% indicates that its high dividend yield might not be sustainable for the long-term.

Why are app stocks up?

App stocks were up 0.71% in the last day, and up 2.69% over the last week. Asana was the among the top gainers in the software - application industry, gaining 43.53% yesterday.

Asana shares are trading higher after the company reported better-than-expected Q3 financial results and issued FY25 guidance above estimates. Also, Piper Sandler and Baird raised their respective price targets on the stock.

What are the most undervalued app stocks?

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

1. Upbound Group (NASDAQ:UPBD)


Upbound Group (NASDAQ:UPBD) is the most undervalued app stock based on WallStreetZen's Valuation Score. Upbound Group has a valuation score of 100, which is 83 points higher than the app industry average of 17. It passed 7 out of 7 valuation due diligence checks.

Upbound Group's stock has gained 9.43% in the past year. It has underperformed other stocks in the app industry by -24 percentage points.

2. Adeia (NASDAQ:ADEA)


Adeia (NASDAQ:ADEA) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Adeia 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.

Adeia's stock has gained 41.08% in the past year. It has overperformed other stocks in the app industry by 8 percentage points.

3. Progress Software (NASDAQ:PRGS)


Progress Software (NASDAQ:PRGS) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Progress Software 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.

Progress Software's stock has gained 28.66% in the past year. It has underperformed other stocks in the app industry by -5 percentage points.

Are app stocks a good buy now?

44.31% of app stocks rated by analysts are a buy right now. On average, analysts expect app stocks to rise by 7.19% 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 39.31x.
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.