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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
$8.82B21,073,370,8852.21%0.00%
RDVT
RED VIOLET INC
United States
$237.11M13,964,02855.32%37.04%Net Selling
AGYS
AGILYSYS INC
United States
$2.28B27,356,49636.95%63.05%Net SellingNet Selling
YALA
YALLA GROUP LTD
United Arab Emirates
$741.98M158,543,1075.08%0.00%
DV
DOUBLEVERIFY HOLDINGS INC
United States
$5.16B171,253,90256.02%43.98%Net SellingNet Selling
ZI
ZOOMINFO TECHNOLOGIES INC
United States
$5.97B379,702,49265.71%34.29%Net SellingNet Selling
HKD
AMTD DIGITAL INC
Singapore
$618.37M76,578,1420.13%0.00%
SPNS
SAPIENS INTERNATIONAL CORP N V
Netherlands Antilles
$1.73B55,733,23430.39%0.00%
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
United States
$15.15B247,121,40667.77%32.23%Net BuyingNet Selling
KARO
KAROOOOO LTD
Singapore
$913.37M30,951,10610.32%0.00%
AMSWA
AMERICAN SOFTWARE INC
United States
$336.19M33,220,12976.88%3.23%Net Buying
ADSK
AUTODESK INC
United States
$46.29B213,915,32587.02%12.98%Net SellingNet Selling
ZM
ZOOM VIDEO COMMUNICATIONS INC
United States
$18.77B307,559,66259.12%3.04%Net SellingNet Selling
NOW
SERVICENOW INC
United States
$146.83B205,000,00069.11%30.89%Net SellingNet Selling
KSPI
JOINT STOCK CO KASPIKZ
Kazakhstan
$22.02B189,333,4650.09%0.00%
DDOG
DATADOG INC
United States
$41.57B331,874,10769.94%3.80%Net SellingNet Selling
TTD
TRADE DESK INC
United States
$40.75B488,936,83168.37%1.68%Net SellingNet Selling
DT
DYNATRACE INC
United States
$13.79B295,999,24662.81%37.19%Net SellingNet Selling
UBER
UBER TECHNOLOGIES INC
United States
$143.92B2,076,497,40073.80%26.20%Net SellingNet Selling
DSGX
DESCARTES SYSTEMS GROUP INC
Canada
$8.04B85,068,00077.75%0.00%
WDAY
WORKDAY INC
United States
$67.07B264,000,00069.52%3.74%Net SellingNet Selling
PUBM
PUBMATIC INC
United States
$1.14B50,008,55443.82%3.35%Net SellingNet Selling
SHOP
SHOPIFY INC
Canada
$90.77B1,286,570,29362.97%0.00%
APP
APPLOVIN CORP
United States
$23.67B341,996,98241.27%28.88%Net SellingNet Selling
SRAD
SPORTRADAR GROUP AG
Switzerland
$2.87B1,111,464,90015.00%0.00%
MNDO
MIND CTI LTD
Israel
$37.83M20,124,8268.80%0.00%
IMMR
IMMERSION CORP
United States
$226.03M31,700,66732.09%67.91%Net SellingNet Selling
EGAN
EGAIN CORP
United States
$192.83M31,202,60338.68%61.32%
ANSS
ANSYS INC
United States
$28.46B87,017,80792.14%3.02%Net SellingNet Selling
INTU
INTUIT INC
United States
$175.38B279,979,00083.68%6.17%Net SellingNet Selling
TSRI
TSR INC
United States
$15.80M2,169,5469.53%83.07%
ALKT
ALKAMI TECHNOLOGY INC
United States
$2.31B96,759,18140.76%59.24%Net SellingNet Selling
NICE
NICE LTD
Israel
$14.27B62,870,66964.07%0.00%
DCBO
DOCEBO INC
Canada (Federal Level)
$1.33B30,305,15643.32%0.00%
OTEX
OPEN TEXT CORP
Canada
$9.72B272,044,54565.31%0.00%
MTLS
MATERIALISE NV
Belgium
$300.06M59,067,18619.29%0.00%
SURG
SURGEPAYS INC
United States
$64.82M19,290,7996.94%36.46%Net Buying
PCTY
PAYLOCITY HOLDING CORP
United States
$8.82B56,331,38774.84%25.16%Net SellingNet Selling
ALRM
ALARMCOM HOLDINGS INC
United States
$3.26B49,945,15638.80%61.20%Net SellingNet Selling
LSPD
LIGHTSPEED COMMERCE INC
Canada (Federal Level)
$2.03B153,238,21957.41%0.00%
VTEX
VTEX
Cayman Islands
$1.35B184,027,00825.90%0.00%
PLUS
EPLUS INC
United States
$2.10B26,954,90662.70%37.30%Net SellingNet Selling
PAYC
PAYCOM SOFTWARE INC
United States
$10.74B57,551,43725.87%74.13%Net SellingNet Selling
CDNS
CADENCE DESIGN SYSTEMS INC
United States
$75.40B272,134,00084.91%6.18%Net SellingNet Selling
ROP
ROPER TECHNOLOGIES INC
United States
$57.84B107,022,33393.25%3.20%Net SellingNet Selling
PRGS
PROGRESS SOFTWARE CORP
United States
$2.19B43,218,08683.38%16.62%Net SellingNet Selling
YOU
CLEAR SECURE INC
United States
$2.59B150,626,42859.68%40.32%Net SellingNet Selling
NCNO
NCINO INC
United States
$3.40B114,216,57567.34%32.66%Net SellingNet Selling
CXM
SPRINKLR INC
United States
$3.23B273,199,22642.44%57.56%Net SellingNet Selling
TRAK
REPOSITRAK INC
United States
$284.98M18,209,5011.08%98.92%
SYT
SYLA TECHNOLOGIES CO LTD
Japan
$50.84M259,3910.22%0.00%
MKTW
MARKETWISE INC
United States
$530.54M329,528,2843.73%83.88%Net SellingNet Selling
APPF
APPFOLIO INC
United States
$7.77B35,867,57248.59%31.43%Net SellingNet Selling
FRSH
FRESHWORKS INC
United States
$5.53B297,937,29457.36%10.31%Net SellingNet Selling
PEGA
PEGASYSTEMS INC
United States
$5.02B85,031,16545.66%50.48%Net SellingNet Selling
CCRD
CORECARD CORP
United States
$100.79M8,295,40843.88%37.51%Net BuyingNet Buying
IDN
INTELLICHECK INC
United States
$61.71M19,404,56126.68%73.32%Net BuyingNet Buying
TROO
TROOPS INC
China
$136.14M101,597,9980.11%1.33%
HKIT
HITEK GLOBAL INC
China
$20.44M14,392,3641.19%0.00%
MNDY
MONDAYCOM LTD
Israel
$9.06B48,923,90372.15%0.00%
MANH
MANHATTAN ASSOCIATES INC
United States
$12.82B61,566,21598.15%1.85%Net SellingNet Selling
DUOL
DUOLINGO INC
United States
$9.21B42,875,82874.54%25.07%Net SellingNet Selling
FROG
JFROG LTD
United States
$4.30B106,306,27364.02%25.10%Net SellingNet Selling
FRGE
FORGE GLOBAL HOLDINGS INC
United States
$342.84M179,499,58739.69%53.19%Net SellingNet Selling
NXPL
NEXTPLAT CORP
United States
$22.66M18,724,5961.27%98.73%
WFCF
WHERE FOOD COMES FROM INC
United States
$66.94M5,487,2696.65%92.00%Net BuyingNet Buying
SEZL
SEZZLE INC
United States
$296.08M5,633,1722.02%54.98%Net BuyingNet Selling
PET
WAG! GROUP CO
United States
$88.85M40,384,27326.31%73.69%Net SellingNet Selling
VMEO
VIMEO INC
United States
$588.15M168,043,93184.86%10.65%Net SellingNet Selling
RUM
RUMBLE INC
United States
$2.52B386,062,7016.27%7.44%Net SellingNet Selling
LAW
CS DISCO INC
United States
$457.96M61,061,36845.30%54.70%Net SellingNet Selling
SAP
SAP SE
Germany
$216.00B1,167,000,0005.62%0.00%
RSKD
RISKIFIED LTD
Israel
$896.34M178,553,72138.83%0.00%
MTTR
MATTERPORT INC
United States
$1.46B310,907,10534.64%22.62%Net SellingNet Selling
SEMR
SEMRUSH HOLDINGS INC
United States
$1.71B144,566,46034.12%65.88%Net SellingNet Selling
GRAB
GRAB HOLDINGS LTD
Singapore
$13.77B3,933,743,05150.60%0.01%
BRZE
BRAZE INC
United States
$4.15B100,837,44339.39%60.61%Net SellingNet Selling
SMRT
SMARTRENT INC
United States
$472.98M203,868,88559.07%40.93%Net SellingNet Buying
ENFN
ENFUSION INC
United States
$1.21B128,069,91241.35%57.12%Net SellingNet Buying
CRM
SALESFORCE INC
United States
$264.95B970,000,00080.42%5.32%Net SellingNet Selling
KLTR
KALTURA INC
United States
$171.91M143,258,12730.78%53.81%Net BuyingNet Selling
DJCO
DAILY JOURNAL CORP
United States
$477.83M1,377,02640.35%59.65%
AI
C3AI INC
United States
$2.70B122,048,79144.05%26.81%Net SellingNet Selling
FSLY
FASTLY INC
United States
$1.66B134,199,99959.16%40.84%Net SellingNet Selling
OLO
OLO INC
United States
$783.58M161,896,31376.80%3.93%Net SellingNet Selling
INLX
INTELLINETICS INC
United States
$30.69M4,113,6210.29%99.71%Net BuyingNet Buying
CALX
CALIX INC
United States
$1.85B65,525,04977.50%22.50%Net BuyingNet Buying
RDDT
REDDIT INC
United States
N/A158,983,5720.00%2.71%Net SellingNet Selling
PALT
PALTALK INC
United States
$33.34M9,222,1571.65%98.35%Net SellingNet Selling
DSP
VIANT TECHNOLOGY INC
United States
$521.48M62,828,7918.17%91.83%Net SellingNet Selling
TEAM
ATLASSIAN CORP
United States
$51.47B259,406,79853.28%0.64%Net SellingNet Selling
ULY
URGENTLY INC
United States
$22.27M13,414,18527.70%15.68%Net BuyingNet Selling
PCOR
PROCORE TECHNOLOGIES INC
United States
$10.12B144,917,42734.64%65.36%Net SellingNet Selling
RMNI
RIMINI STREET INC
United States
$251.68M89,884,00066.02%28.67%Net SellingNet Selling
ASUR
ASURE SOFTWARE INC
United States
$180.24M25,530,08252.45%47.55%Net Buying
PTC
PTC INC
United States
$21.51B119,552,40579.27%20.73%Net SellingNet Selling
PDFS
PDF SOLUTIONS INC
United States
$1.16B38,581,81973.04%19.10%Net SellingNet Selling
KVYO
KLAVIYO INC
United States
$6.01B261,234,52928.57%2.34%Net SellingNet Selling
GTLB
GITLAB INC
United States
$8.87B158,400,00056.41%35.88%Net SellingNet Selling
SSTI
SOUNDTHINKING INC
United States
$171.73M12,786,84060.59%32.51%Net SellingNet Selling

App Stocks FAQ

What are the best app stocks to buy right now in Apr 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 68, which is 41 points higher than the app industry average of 27. It passed 22 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 37.21% over the past year, overperforming other app stocks by 10 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -28.32% from Full Truck Alliance Co's current stock price of $8.37.

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. Red Violet (NASDAQ:RDVT)


Red Violet (NASDAQ:RDVT) is the second best app stock with a Zen Score of 66, which is 39 points higher than the app industry average of 27. It passed 21 out of 33 due diligence checks and has strong fundamentals. Red Violet has seen its stock return 5.47% over the past year, underperforming other app stocks by -22 percentage points.

Red Violet has an average 1 year price target of $25.00, an upside of 47.23% from Red Violet's current stock price of $16.98.

Red Violet stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Red Violet, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the third best app stock with a Zen Score of 64, which is 37 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 4.82% over the past year, underperforming other app stocks by -23 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 19.83% from Agilysys's current stock price of $83.45.

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.

What are the app stocks with highest dividends?

Out of 18 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 12.77%, which is 10 percentage points higher than the app industry average of 2.4%. 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 10.56%, which is 8 percentage points higher than the app industry average of 2.4%.

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 4.45%, which is 2 percentage points higher than the app industry average of 2.4%. 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 -0.71% in the last day, and up 1.52% over the last week. Omniq was the among the top losers in the software - application industry, dropping -12.65% yesterday.

OMNIQ shares are trading higher after the company announced a follow-on order for its AI-based machine vision solution for a Homeland Security project.

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 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 -2.19% in the past year. It has underperformed other stocks in the app industry by -30 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 71, which is 52 points higher than the app industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Adeia's stock has gained 28.48% in the past year. It has overperformed other stocks in the app industry by 1 percentage points.

3. Syla Technologies Co (NASDAQ:SYT)


Syla Technologies Co (NASDAQ:SYT) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Syla Technologies Co 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.

Syla Technologies Co's stock has dropped -73.04% in the past year. It has underperformed other stocks in the app industry by -101 percentage points.

Are app stocks a good buy now?

43.1% of app stocks rated by analysts are a buy right now. On average, analysts expect app stocks to rise by 20.35% 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 101.91x.
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.