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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)
DV
DOUBLEVERIFY HOLDINGS INC
United States
$5.81B171,253,90256.02%43.98%Net SellingNet Selling
AGYS
AGILYSYS INC
United States
$2.14B27,356,49636.95%63.05%Net SellingNet Selling
YMM
FULL TRUCK ALLIANCE CO LTD
China
$7.53B20,949,011,1292.22%0.00%
RDVT
RED VIOLET INC
United States
$255.54M13,964,02855.32%37.02%Net SellingNet Buying
HKD
AMTD DIGITAL INC
Singapore
$670.06M76,578,1420.13%0.00%
KARO
KAROOOOO LTD
Singapore
$808.44M30,951,10610.32%0.00%
YALA
YALLA GROUP LTD
United Arab Emirates
$772.74M159,656,3325.05%0.00%
SPNS
SAPIENS INTERNATIONAL CORP N V
Netherlands Antilles
$1.68B55,733,00030.39%0.00%
ZI
ZOOMINFO TECHNOLOGIES INC
United States
$6.03B379,702,49265.71%34.29%Net SellingNet Selling
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
United States
$15.49B247,121,40667.77%32.23%Net BuyingNet Selling
AMSWA
AMERICAN SOFTWARE INC
United States
$372.07M33,220,12976.88%3.23%Net Buying
ADSK
AUTODESK INC
United States
$54.59B213,915,32587.06%12.94%Net SellingNet Selling
ZM
ZOOM VIDEO COMMUNICATIONS INC
United States
$20.37B307,559,66259.12%3.03%Net SellingNet Selling
TSRI
TSR INC
United States
$16.29M2,143,7129.65%84.07%
DDOG
DATADOG INC
United States
$40.11B331,874,10769.94%3.80%Net SellingNet Selling
TTD
TRADE DESK INC
United States
$38.31B488,936,83168.37%1.65%Net SellingNet Selling
MIXT
MIX TELEMATICS LTD
South Africa
$270.14M554,020,6121.83%15.65%Net Selling
ANSS
ANSYS INC
United States
$29.17B87,017,80792.14%3.02%Net SellingNet Selling
WDAY
WORKDAY INC
United States
$71.97B264,000,00069.51%3.81%Net SellingNet Selling
DSGX
DESCARTES SYSTEMS GROUP INC
Canada
$7.88B85,068,00077.75%0.00%
NOW
SERVICENOW INC
United States
$154.94B205,000,00069.10%30.90%Net SellingNet Selling
CDNS
CADENCE DESIGN SYSTEMS INC
United States
$81.92B272,239,00084.87%6.25%Net SellingNet Selling
APP
APPLOVIN CORP
United States
$23.31B341,996,98241.27%28.90%Net SellingNet Selling
PUBM
PUBMATIC INC
United States
$1.15B50,008,55443.82%3.30%Net SellingNet Selling
UBER
UBER TECHNOLOGIES INC
United States
$157.19B2,076,497,40073.81%26.19%Net SellingNet Selling
IMMR
IMMERSION CORP
United States
$245.68M31,700,66732.21%67.79%Net SellingNet Selling
MNDO
MIND CTI LTD
Israel
$45.08M20,124,8268.80%0.00%
EGAN
EGAIN CORP
United States
$195.64M31,202,60338.68%61.32%
ALKT
ALKAMI TECHNOLOGY INC
United States
$2.23B96,759,18140.75%59.25%Net SellingNet Selling
NICE
NICE LTD
Israel
$15.11B63,283,00063.66%0.00%
SHOP
SHOPIFY INC
Canada
$99.73B1,286,570,29362.97%0.00%
DT
DYNATRACE INC
United States
$13.47B295,999,24662.81%37.19%Net SellingNet Selling
SAP
SAP SE
Germany
$218.00B1,167,229,0565.62%0.00%
SURG
SURGEPAYS INC
United States
$77.74M19,290,7996.94%36.46%Net Buying
APPF
APPFOLIO INC
United States
$7.94B35,867,57248.59%31.79%Net SellingNet Selling
DCBO
DOCEBO INC
Canada (Federal Level)
$1.55B30,305,15643.32%0.00%
PEGA
PEGASYSTEMS INC
United States
$5.30B83,905,03446.27%51.16%Net SellingNet Selling
OTEX
OPEN TEXT CORP
Canada
$10.50B272,044,54565.31%0.00%
INTU
INTUIT INC
United States
$176.50B279,979,00083.68%6.17%Net SellingNet Selling
FRSH
FRESHWORKS INC
United States
$5.35B297,937,29457.36%10.25%Net SellingNet Selling
KSPI
JOINT STOCK CO KASPIKZ
Kazakhstan
$21.59B189,333,4650.09%0.00%
PET
WAG! GROUP CO
United States
$80.45M39,245,26226.29%73.71%Net SellingNet Buying
PCTY
PAYLOCITY HOLDING CORP
United States
$9.50B56,331,38774.84%25.16%Net SellingNet Selling
VTEX
VTEX
Cayman Islands
$1.62B184,027,00825.90%0.00%
PLUS
EPLUS INC
United States
$2.07B26,954,90662.69%37.31%Net SellingNet Selling
PAYC
PAYCOM SOFTWARE INC
United States
$11.03B57,551,43725.88%74.12%Net SellingNet Selling
MTLS
MATERIALISE NV
Belgium
$295.93M59,067,18619.29%0.00%
MANH
MANHATTAN ASSOCIATES INC
United States
$15.21B61,566,21598.15%1.85%Net SellingNet Selling
DOCU
DOCUSIGN INC
United States
$11.85B203,933,89463.58%36.42%Net SellingNet Selling
ROP
ROPER TECHNOLOGIES INC
United States
$58.45B107,022,33393.25%3.20%Net SellingNet Selling
FROG
JFROG LTD
United States
$4.58B106,306,27364.02%25.21%Net SellingNet Selling
TRAK
REPOSITRAK INC
United States
$254.93M18,209,5011.08%98.92%
YOU
CLEAR SECURE INC
United States
$2.91B150,626,42859.68%40.32%Net SellingNet Selling
ALRM
ALARMCOM HOLDINGS INC
United States
$3.63B49,945,15638.79%61.21%Net SellingNet Selling
LSPD
LIGHTSPEED COMMERCE INC
Canada (Federal Level)
$2.03B153,238,21957.41%0.00%
NCNO
NCINO INC
United States
$3.38B113,133,10865.24%34.76%Net SellingNet Selling
CCRD
CORECARD CORP
United States
$88.93M8,295,40843.87%37.51%Net BuyingNet Buying
TROO
TROOPS INC
China
$172.72M101,597,9980.11%1.33%
MNDY
MONDAYCOM LTD
Israel
$10.92B48,923,90371.96%0.00%
DUOL
DUOLINGO INC
United States
$9.28B42,875,82874.54%25.08%Net SellingNet Selling
DPSI
DECISIONPOINT SYSTEMS INC
United States
$65.75M7,654,8054.20%95.80%Net Buying
WFCF
WHERE FOOD COMES FROM INC
United States
$65.02M5,487,2696.64%92.00%Net BuyingNet Buying
NXPL
NEXTPLAT CORP
United States
$25.84M18,724,5961.29%69.90%
SEZL
SEZZLE INC
United States
$333.43M5,633,1722.02%56.80%Net BuyingNet Selling
MKTW
MARKETWISE INC
United States
$622.81M329,528,2843.73%83.70%Net Selling
PERF
PERFECT CORP
Taiwan
$285.02M118,263,79519.25%0.00%
SYT
SYLA TECHNOLOGIES CO LTD
Japan
$97.01M259,3910.22%0.00%
CVLT
COMMVAULT SYSTEMS INC
United States
$4.25B43,661,62151.61%48.39%Net SellingNet Selling
CALX
CALIX INC
United States
$2.22B65,409,17077.50%22.50%Net BuyingNet Buying
RUM
RUMBLE INC
United States
$2.94B386,055,1576.24%3.29%Net Selling
LAW
CS DISCO INC
United States
$475.67M61,061,36845.30%54.70%Net SellingNet Selling
PTC
PTC INC
United States
$21.96B119,552,40579.27%20.73%Net SellingNet Selling
GRAB
GRAB HOLDINGS LTD
Singapore
$12.44B3,923,000,00050.74%0.01%
DJCO
DAILY JOURNAL CORP
United States
$512.25M1,377,02640.35%59.65%
SEMR
SEMRUSH HOLDINGS INC
United States
$1.65B144,566,46032.66%67.34%Net SellingNet Selling
RSKD
RISKIFIED LTD
Israel
$921.34M178,553,72138.83%0.00%
SMRT
SMARTRENT INC
United States
$550.45M203,868,88559.09%40.91%Net SellingNet Buying
ENFN
ENFUSION INC
United States
$1.16B128,069,91241.35%57.12%Net SellingNet Buying
AI
C3AI INC
United States
$3.55B122,048,79144.03%26.78%Net SellingNet Selling
PRGS
PROGRESS SOFTWARE CORP
United States
$2.32B43,880,20683.31%16.69%Net SellingNet Selling
OLO
OLO INC
United States
$872.62M161,896,31376.80%3.92%Net SellingNet Selling
TEAM
ATLASSIAN CORP
United States
$51.11B259,406,79853.28%0.41%Net SellingNet Selling
PALT
PALTALK INC
United States
$40.67M9,222,1571.65%98.35%Net SellingNet Selling
DSP
VIANT TECHNOLOGY INC
United States
$630.80M62,828,79111.38%78.41%Net SellingNet Selling
KVYO
KLAVIYO INC
United States
$6.54B261,234,52928.57%2.11%Net SellingNet Selling
GTLB
GITLAB INC
United States
$8.55B154,800,00057.72%36.03%Net SellingNet Selling
FTFT
FUTURE FINTECH GROUP INC
China
$15.84M14,944,8740.05%99.95%
FRGE
FORGE GLOBAL HOLDINGS INC
United States
$331.27M175,272,59840.65%54.77%Net SellingNet Selling
MTTR
MATTERPORT INC
United States
$568.96M310,907,10534.64%22.33%Net SellingNet Selling
IDN
INTELLICHECK INC
United States
$34.64M19,354,33526.68%73.32%Net BuyingNet Buying
PDFS
PDF SOLUTIONS INC
United States
$1.28B38,581,81973.04%19.10%Net SellingNet Selling
HTCR
HEARTCORE ENTERPRISES INC
Japan
$19.13M20,842,6901.71%52.35%Net Selling
PCOR
PROCORE TECHNOLOGIES INC
United States
$11.45B144,917,42734.67%65.33%Net SellingNet Selling
RMNI
RIMINI STREET INC
United States
$282.24M89,884,00066.01%28.37%Net SellingNet Selling
ASUR
ASURE SOFTWARE INC
United States
$212.15M25,530,08252.45%47.55%Net Buying
BRZE
BRAZE INC
United States
$5.05B99,842,43440.32%59.68%Net SellingNet Selling
VMEO
VIMEO INC
United States
$937.69M168,043,93184.86%9.74%Net SellingNet Selling
FSLY
FASTLY INC
United States
$1.71B134,199,99959.36%40.64%Net SellingNet Selling
MYSZ
MY SIZE INC
Israel
$1.20M2,981,7925.50%94.50%Net Selling
CXM
SPRINKLR INC
United States
$3.55B273,890,45342.79%57.21%Net SellingNet Selling

App Stocks FAQ

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

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

1. Doubleverify Holdings (NYSE:DV)


Doubleverify Holdings (NYSE:DV) is the top app stock with a Zen Score of 63, which is 36 points higher than the app industry average of 27. It passed 21 out of 33 due diligence checks and has strong fundamentals. Doubleverify Holdings has seen its stock return 32.4% over the past year, underperforming other app stocks by -1 percentage points.

Doubleverify Holdings has an average 1 year price target of $41.62, an upside of 22.69% from Doubleverify Holdings's current stock price of $33.92.

Doubleverify Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Doubleverify Holdings, 46.15% have issued a Strong Buy rating, 46.15% have issued a Buy, 7.69% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the second best app stock with a Zen Score of 62, which is 35 points higher than the app industry average of 27. It passed 20 out of 33 due diligence checks and has strong fundamentals. Agilysys has seen its stock return 1.33% over the past year, underperforming other app stocks by -32 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 27.67% from Agilysys's current stock price of $78.33.

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.

3. Full Truck Alliance Co (NYSE:YMM)


Full Truck Alliance Co (NYSE:YMM) 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. Full Truck Alliance Co has seen its stock return 2.13% over the past year, underperforming other app stocks by -31 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -16.55% from Full Truck Alliance Co's current stock price of $7.19.

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.

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 10.71%, which is 9 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 92.3% indicates that its high dividend yield might not be sustainable for the long-term.

2. Marketwise (NASDAQ:MKTW)


Marketwise (NASDAQ:MKTW) has an annual dividend yield of 8.99%, which is 7 percentage points higher than the app industry average of 2.14%.

Marketwise's dividend payout ratio of 300% indicates that its high dividend yield might not be sustainable for the long-term.

3. Upbound Group (NASDAQ:UPBD)


Upbound Group (NASDAQ:UPBD) has an annual dividend yield of 4.24%, which is 2 percentage points higher than the app industry average of 2.14%. 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 -1,544.4% indicates that its dividend yield might not be sustainable for the long-term.

Why are app stocks down?

App stocks were down -1.25% in the last day, and down -1.28% over the last week. Verb Technology Company was the among the top losers in the software - application industry, dropping -18.55% yesterday.

Verb Technology shares are trading higher possibly on continued strength after the company on Friday announced its Market.live launched Facebook and Instagram social shopping technology integration. Also, the company announced it added 100 more retail brands to its livestream social shopping platform.

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 52 points higher than the app industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Karooooo's stock has gained 17.08% in the past year. It has underperformed other stocks in the app industry by -16 percentage points.

2. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Agilysys has a valuation score of 71, which is 52 points higher than the app industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Agilysys's stock has gained 1.33% in the past year. It has underperformed other stocks in the app industry by -32 percentage points.

3. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Mind Cti has a valuation score of 71, which is 52 points higher than the app industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Mind Cti's stock has dropped -2.61% in the past year. It has underperformed other stocks in the app industry by -36 percentage points.

Are app stocks a good buy now?

40.96% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 9.71% 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 97.6x.
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.