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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
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
YMM
FULL TRUCK ALLIANCE CO LTD
China
$8.46B20,864,118,0972.32%0.00%
IMMR
IMMERSION CORP
United States
$367.60M31,854,83729.76%70.24%Net SellingNet Selling
SURG
SURGEPAYS INC
United States
$59.21M19,411,54910.04%43.32%Net SellingNet Selling
APPF
APPFOLIO INC
United States
$9.46B36,213,29753.71%32.70%Net SellingNet Selling
CDNS
CADENCE DESIGN SYSTEMS INC
United States
$85.89B272,134,00084.38%6.18%Net SellingNet Selling
TTD
TRADE DESK INC
United States
$48.96B489,127,03366.80%1.67%Net SellingNet Selling
DV
DOUBLEVERIFY HOLDINGS INC
United States
$3.43B171,796,44156.99%43.01%Net SellingNet Selling
YALA
YALLA GROUP LTD
United Arab Emirates
$739.35M160,379,4554.70%0.00%
SEZL
SEZZLE INC
United States
$485.41M5,667,3898.47%68.80%Net BuyingNet Selling
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
United States
$16.45B247,323,27767.48%32.52%Net BuyingNet Buying
RDVT
RED VIOLET INC
United States
$356.99M13,730,54361.39%37.67%Net Selling
DT
DYNATRACE INC
United States
$13.09B297,338,73261.95%38.05%Net SellingNet Selling
NICE
NICE LTD
Israel
$11.28B63,278,00065.41%0.00%
DDOG
DATADOG INC
United States
$43.29B334,498,81269.96%3.26%Net SellingNet Selling
ZM
ZOOM VIDEO COMMUNICATIONS INC
United States
$18.04B309,277,03257.85%3.05%Net SellingNet Selling
SEMR
SEMRUSH HOLDINGS INC
United States
$2.03B145,256,80635.58%64.42%Net SellingNet Selling
SPNS
SAPIENS INTERNATIONAL CORP N V
Netherlands Antilles
$2.15B55,744,00030.74%0.00%
PCTY
PAYLOCITY HOLDING CORP
United States
$8.29B56,431,25375.49%24.51%Net SellingNet Selling
SRAD
SPORTRADAR GROUP AG
Switzerland
$3.45B1,111,464,90015.05%0.00%
AGYS
AGILYSYS INC
United States
$2.96B27,454,21338.53%61.47%Net SellingNet Selling
NOW
SERVICENOW INC
United States
$157.41B205,000,00068.91%31.09%Net SellingNet Selling
DSGX
DESCARTES SYSTEMS GROUP INC
Canada
$8.80B85,390,14276.24%0.00%
DUOL
DUOLINGO INC
United States
$8.28B43,122,11875.31%24.69%Net SellingNet Selling
PRGS
PROGRESS SOFTWARE CORP
United States
$2.36B42,776,45283.99%16.01%Net SellingNet Selling
APP
APPLOVIN CORP
United States
$28.93B329,013,66850.31%28.78%Net SellingNet Selling
AMSWA
AMERICAN SOFTWARE INC
United States
$319.16M33,280,59874.78%4.40%Net BuyingNet Buying
MNDY
MONDAYCOM LTD
Israel
$11.57B48,923,90376.31%0.00%
HKD
AMTD DIGITAL INC
Singapore
$687.29M76,578,1420.15%0.00%
PDFS
PDF SOLUTIONS INC
United States
$1.48B38,403,66572.89%19.26%Net SellingNet Selling
PAYC
PAYCOM SOFTWARE INC
United States
$9.07B58,110,01926.20%73.80%Net SellingNet Selling
LGCL
LUCAS GC LTD
China
$199.08M79,313,3000.29%0.00%
EGAN
EGAIN CORP
United States
$197.45M29,826,70337.86%62.14%
INTU
INTUIT INC
United States
$183.99B279,547,00082.30%6.06%Net SellingNet Selling
ADSK
AUTODESK INC
United States
$54.68B216,000,00085.94%13.26%Net SellingNet Selling
KARO
KAROOOOO LTD
Singapore
$987.56M30,900,00010.73%0.00%
ENFN
ENFUSION INC
United States
$1.13B128,110,21054.52%45.48%Net SellingNet Selling
UBER
UBER TECHNOLOGIES INC
United States
$151.05B2,089,520,40873.47%26.53%Net SellingNet Selling
DOCU
DOCUSIGN INC
United States
$11.70B204,716,35463.49%36.51%Net SellingNet Selling
DCBO
DOCEBO INC
Canada (Federal Level)
$1.15B30,305,15640.48%0.00%
PEGA
PEGASYSTEMS INC
United States
$5.15B85,031,16545.64%50.47%Net SellingNet Selling
ALKT
ALKAMI TECHNOLOGY INC
United States
$3.09B97,515,48336.99%63.01%Net SellingNet Selling
CRM
SALESFORCE INC
United States
$245.02B969,000,00079.57%5.31%Net SellingNet Selling
PUBM
PUBMATIC INC
United States
$1.06B49,931,01149.02%3.49%Net SellingNet Selling
SMRT
SMARTRENT INC
United States
$492.46M201,828,02060.50%39.50%Net BuyingNet Selling
MNDO
MIND CTI LTD
Israel
$38.59M20,205,0009.25%0.00%
DJCO
DAILY JOURNAL CORP
United States
$595.56M1,377,02640.97%59.03%
INLX
INTELLINETICS INC
United States
$28.84M4,113,6211.03%98.97%Net BuyingNet Buying
ALRM
ALARMCOM HOLDINGS INC
United States
$3.36B50,188,71638.14%61.86%Net SellingNet Selling
CXM
SPRINKLR INC
United States
$2.42B265,226,94543.32%56.68%Net SellingNet Selling
BMBL
BUMBLE INC
United States
$1.66B177,538,60167.26%1.34%Net SellingNet Selling
OTEX
OPEN TEXT CORP
Canada
$8.47B272,869,44364.40%0.00%
ZI
ZOOMINFO TECHNOLOGIES INC
United States
$4.30B373,918,56264.45%35.55%Net SellingNet Selling
WFCF
WHERE FOOD COMES FROM INC
United States
$59.07M5,375,7676.64%93.36%Net Buying
LSPD
LIGHTSPEED COMMERCE INC
Canada (Federal Level)
$2.16B154,863,58157.63%0.00%
IDN
INTELLICHECK INC
United States
$70.28M19,467,82730.89%69.11%Net BuyingNet Selling
GRAB
GRAB HOLDINGS LTD
Singapore
$14.03B3,953,000,00048.72%0.01%
NXTT
NEXT TECHNOLOGY HOLDING INC
China
$13.78M2,625,1300.11%99.89%
VERX
VERTEX INC
United States
$5.77B155,113,70435.96%20.90%Net SellingNet Selling
MTC
MMTEC INC
China
$78.06M199,145,0410.35%0.00%
PERF
PERFECT CORP
Taiwan
$231.20M101,848,67111.35%0.00%
OLO
OLO INC
United States
$738.38M160,517,36976.87%4.10%Net SellingNet Selling
CVLT
COMMVAULT SYSTEMS INC
United States
$5.36B43,401,21751.89%48.11%Net SellingNet Selling
MANH
MANHATTAN ASSOCIATES INC
United States
$14.85B61,569,88396.05%1.86%Net Selling
HKIT
HITEK GLOBAL INC
China
$22.45M14,392,3640.36%0.00%
AI
C3AI INC
United States
$3.82B124,817,77640.67%26.26%Net SellingNet Selling
PLUS
EPLUS INC
United States
$2.13B26,951,93563.58%36.42%Net SellingNet Selling
MTLS
MATERIALISE NV
Belgium
$305.97M59,067,18618.18%0.00%
DAY
DAYFORCE INC
United States
$8.51B157,900,00078.24%21.76%Net SellingNet Selling
VMEO
VIMEO INC
United States
$616.13M169,266,13981.89%10.74%Net SellingNet Selling
PET
WAG! GROUP CO
United States
$62.15M40,620,16225.58%74.42%Net SellingNet Selling
TEAM
ATLASSIAN CORP
United States
$46.84B260,298,15353.38%0.68%Net SellingNet Selling
RSKD
RISKIFIED LTD
Israel
$1.11B178,553,72137.65%0.00%
RMNI
RIMINI STREET INC
United States
$277.56M90,410,00066.87%28.73%Net Selling
ANSS
ANSYS INC
United States
$28.59B87,299,98187.79%3.02%Net SellingNet Selling
SYT
SYLA TECHNOLOGIES CO LTD
Japan
$52.44M260,8910.00%0.00%
LAW
CS DISCO INC
United States
$331.07M59,976,00443.42%56.58%Net BuyingNet Buying
NXPL
NEXTPLAT CORP
United States
$21.16M18,773,1461.75%98.25%Net Buying
WDAY
WORKDAY INC
United States
$61.60B265,000,00067.49%3.68%Net SellingNet Selling
MKTW
MARKETWISE INC
United States
$375.33M323,563,4304.10%86.33%Net SellingNet Selling
ROP
ROPER TECHNOLOGIES INC
United States
$59.85B107,044,53290.40%3.20%Net SellingNet Selling
RUM
RUMBLE INC
United States
$2.78B387,872,0566.59%7.36%Net SellingNet Selling
NCNO
NCINO INC
United States
$3.61B115,084,19871.10%28.90%Net SellingNet Selling
VERB
VERB TECHNOLOGY COMPANY INC
United States
$11.92M104,587,3640.45%15.11%
NRDY
NERDY INC
United States
$298.69M175,697,55639.32%54.80%Net BuyingNet Buying
TYL
TYLER TECHNOLOGIES INC
United States
$22.12B42,455,26747.56%52.44%Net SellingNet Selling
CCRD
CORECARD CORP
United States
$95.73M8,160,75841.32%38.24%Net BuyingNet Buying
YOU
CLEAR SECURE INC
United States
$2.88B144,829,97859.48%40.52%Net SellingNet Selling
BILL
BILL HOLDINGS INC
United States
$5.76B106,137,37397.69%2.31%Net SellingNet Selling
VTEX
VTEX
Cayman Islands
$1.27B184,528,07827.29%0.00%
ZETA
ZETA GLOBAL HOLDINGS CORP
United States
$4.19B218,790,07355.34%27.46%Net SellingNet Selling
AZPN
ASPEN TECHNOLOGY INC
United States
$12.48B63,327,85344.36%55.64%Net SellingNet Selling
ML
MONEYLION INC
United States
$851.17M10,787,9798.00%92.00%Net SellingNet Selling
SWVL
SWVL HOLDINGS CORP
United Arab Emirates
$47.20M6,791,6051.37%0.00%
TRAK
REPOSITRAK INC
United States
$317.64M18,223,8931.17%98.83%
MTTR
MATTERPORT INC
United States
$1.41B314,517,95734.30%22.67%Net SellingNet Selling
FRSH
FRESHWORKS INC
United States
$4.01B298,820,05063.71%10.25%Net SellingNet Selling
EB
EVENTBRITE INC
United States
$450.61M97,115,27484.16%9.73%Net SellingNet Selling
PHUN
PHUNWARE INC
United States
$48.68M8,272,0917.78%92.22%Net SellingNet Buying
LIF
LIFE360 INC
United States
N/A73,006,6380.00%5.80%Net SellingNet Selling
FROG
JFROG LTD
United States
$4.01B108,420,03264.64%24.64%Net SellingNet Selling

App Stocks FAQ

What are the best app stocks to buy right now in Jul 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 71, which is 43 points higher than the app industry average of 28. It passed 24 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 10.79% over the past year, underperforming other app stocks by -7 percentage points.

Full Truck Alliance Co has an average 1 year price target of $9.00, an upside of 10.97% from Full Truck Alliance Co's current stock price of $8.11.

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. Immersion (NASDAQ:IMMR)


Immersion (NASDAQ:IMMR) is the second best app stock with a Zen Score of 60, which is 32 points higher than the app industry average of 28. It passed 23 out of 38 due diligence checks and has strong fundamentals. Immersion has seen its stock return 61.85% over the past year, overperforming other app stocks by 44 percentage points.

Immersion has an average 1 year price target of $11.00, a downside of -4.68% from Immersion's current stock price of $11.54.

Immersion stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Immersion, 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.

3. Surgepays (NASDAQ:SURG)


Surgepays (NASDAQ:SURG) is the third best app stock with a Zen Score of 59, which is 31 points higher than the app industry average of 28. It passed 19 out of 33 due diligence checks and has strong fundamentals. Surgepays has seen its stock lose -45.54% over the past year, underperforming other app stocks by -64 percentage points.

Surgepays has an average 1 year price target of $9.50, an upside of 211.48% from Surgepays's current stock price of $3.05.

Surgepays stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Surgepays, 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 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 12.57%, which is 10 percentage points higher than the app industry average of 2.67%. 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 4.59%, which is 2 percentage points higher than the app industry average of 2.67%. 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 -322.7% 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 4.59%, which is 2 percentage points higher than the app industry average of 2.67%. 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 129.4% indicates that its high dividend yield might not be sustainable for the long-term.

Why are app stocks up?

App stocks were up 2.26% in the last day, and up 3.14% over the last week. Rumble was the among the top gainers in the software - application industry, gaining 20.71% yesterday.

Rumble shares are trading higher following the attempted assassination of Donald Trump, which has lifted Trump-adjacent stocks on Monday.

What are the most undervalued app stocks?

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

1. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) is the most undervalued app stock based on WallStreetZen's Valuation Score. Mind Cti has a valuation score of 71, which is 55 points higher than the app industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Mind Cti's stock has dropped -2.55% in the past year. It has underperformed other stocks in the app industry by -21 percentage points.

2. Amtd Digital (NYSE:HKD)


Amtd Digital (NYSE:HKD) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Amtd Digital has a valuation score of 71, which is 55 points higher than the app industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Amtd Digital's stock has dropped -46.1% in the past year. It has underperformed other stocks in the app industry by -64 percentage points.

3. Where Food Comes From (NASDAQ:WFCF)


Where Food Comes From (NASDAQ:WFCF) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Where Food Comes From has a valuation score of 71, which is 55 points higher than the app industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Where Food Comes From's stock has dropped -22.61% in the past year. It has underperformed other stocks in the app industry by -41 percentage points.

Are app stocks a good buy now?

41.01% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 15.08% 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 27.5x.
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.