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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)
DATS
DATCHAT INC
United States
$3.64M3,009,3290.64%91.94%
RNG
RINGCENTRAL INC
United States
$2.81B92,317,57386.15%10.77%Net SellingNet Selling
CRNC
CERENCE INC
United States
$423.00M41,674,63722.83%77.17%Net BuyingNet Buying
APPS
DIGITAL TURBINE INC
United States
$210.16M102,021,34235.42%64.58%Net SellingNet Selling
WK
WORKIVA INC
United States
$4.48B54,824,87786.13%12.72%Net BuyingNet Selling
DGHI
DIGIHOST TECHNOLOGY INC
Canada
$45.65M28,711,5821.97%0.00%
U
UNITY SOFTWARE INC
United States
$9.55B385,942,42854.60%45.40%Net SellingNet Selling
LKCO
LUOKUNG TECHNOLOGY CORP
China
$8.71M17,517,8171.65%0.00%
PRO
PROS HOLDINGS INC
United States
$1.54B46,737,83046.55%53.45%Net SellingNet Selling
SSNT
SILVERSUN TECHNOLOGIES INC
United States
$74.21M5,315,5810.64%99.36%Net SellingNet Selling
TGL
TREASURE GLOBAL INC
United States
$4.52M1,106,27637.46%62.54%Net Buying
BCOV
BRIGHTCOVE INC
United States
$83.04M43,705,44465.04%34.96%Net BuyingNet Buying
IFBD
INFOBIRD CO LTD
China
$135.47k31,87678.10%0.00%
FAAS
DIGIASIA CORP
Singapore
$478.38M56,214,4512.53%62.63%Net BuyingNet Buying
PRST
PRESTO AUTOMATION INC
United States
$13.73M80,791,9678.56%68.69%Net Buying
GETR
GETAROUND INC
United States
$18.64M93,182,11729.60%36.15%
CXAI
CXAPP INC
United States
$51.41M15,254,3894.98%66.03%Net Selling
RBT
RUBICON TECHNOLOGIES INC
United States
$18.98M53,457,6860.14%99.86%Net BuyingNet Selling
KC
KINGSOFT CLOUD HOLDINGS LTD
China
$864.29M3,805,284,8010.89%0.00%
ETWO
E2OPEN PARENT HOLDINGS INC
United States
$1.46B306,526,29466.64%33.36%Net SellingNet Selling
RYDE
RYDE GROUP LTD
Singapore
$82.95M19,113,4430.00%0.00%
AISP
AIRSHIP AI HOLDINGS INC
United States
$138.03M22,852,0481.46%98.54%Net Buying
SGN
SIGNING DAY SPORTS INC
United States
$4.76M15,365,3120.11%21.32%Net Buying
RTC
BAIJIAYUN GROUP LTD
China
$129.97M96,277,0460.11%0.00%
NUKK
NUKKLEUS INC
China
$1.56M1,814,6964.70%0.55%
MSTR
MICROSTRATEGY INC
United States
$21.69B17,737,43145.87%0.62%Net SellingNet Selling
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
India
$2.38M694,477100.00%0.00%
MLNK
MERIDIANLINK INC
United States
$1.31B76,318,17453.42%46.58%Net SellingNet Selling
GBTG
GLOBAL BUSINESS TRAVEL GROUP INC
United States
$2.92B472,619,83035.90%64.10%Net SellingNet Selling
RMCO
ROYALTY MANAGEMENT HOLDING CORP
United States
$12.91M14,504,0950.62%17.84%
DBD
DIEBOLD NIXDORF INC
United States
$1.43B37,566,66882.66%17.34%Net SellingNet Selling
OMQS
OMNIQ CORP
United States
$3.80M10,690,2115.64%26.30%Net Selling
XTIA
XTI AEROSPACE INC
United States
$20.33M9,919,41121.66%78.34%Net SellingNet Selling
FRGT
FREIGHT TECHNOLOGIES INC
United States
$384.28k565,11826.94%0.00%
EZFL
EZFILL HOLDINGS INC
United States
$12.10M4,673,4700.41%99.59%Net Buying
PHUN
PHUNWARE INC
United States
$53.46M8,027,08257.35%42.65%Net SellingNet Buying
MRT
MARTI TECHNOLOGIES INC
United States
$93.54M57,036,0943.92%0.00%
RBRK
RUBRIK INC
United States
N/A175,433,7850.00%0.00%
ISDR
ISSUER DIRECT CORP
United States
$44.13M3,815,21214.76%85.24%Net BuyingNet Buying
ALIT
ALIGHT INC
United States
$5.24B562,982,41872.90%27.10%Net SellingNet Selling
BNZI
BANZAI INTERNATIONAL INC
United States
$6.84M20,068,0971.11%98.89%Net BuyingNet Buying
MODN
MODEL N INC
United States
$1.16B39,032,25665.83%34.17%Net SellingNet Selling
XELA
EXELA TECHNOLOGIES INC
United States
$13.43M6,365,3510.26%99.74%Net BuyingNet Buying
NVNI
NVNI GROUP LTD
Cayman Islands
N/A31,617,3700.15%0.00%
UPLD
UPLAND SOFTWARE INC
United States
$71.47M27,592,89951.11%48.89%Net SellingNet Selling
AUUD
AUDDIA INC
United States
$3.73M2,194,19616.03%83.97%Net SellingNet Selling
LDTC
LEDDARTECH HOLDINGS INC
Canada (Federal Level)
$64.45M28,770,9307.89%0.00%
ENV
ENVESTNET INC
United States
$3.45B54,788,79368.04%31.96%Net BuyingNet Buying
MFI
MF INTERNATIONAL LTD
Hong Kong
N/A13,145,0000.00%0.00%
ZPTA
ZAPATA COMPUTING HOLDINGS INC
United States
$37.26M29,804,90423.45%7.26%
AILE
ILEARNINGENGINES INC
United States
$62.52M8,204,5301.90%98.10%Net BuyingNet Buying
KSPI
JOINT STOCK CO KASPIKZ
Kazakhstan
$22.51B190,008,8900.09%0.00%

App Stocks FAQ

What are the best app stocks to buy right now in May 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 43.99% over the past year, overperforming other app stocks by 16 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -32.36% from Full Truck Alliance Co's current stock price of $8.87.

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 5.51% over the past year, underperforming other app stocks by -23 percentage points.

Red Violet has an average 1 year price target of $25.00, an upside of 41.8% from Red Violet's current stock price of $17.63.

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 2.8% over the past year, underperforming other app stocks by -25 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 26.25% from Agilysys's current stock price of $79.21.

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 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 12.73%, which is 10 percentage points higher than the app industry average of 2.43%. 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 4.61%, which is 2 percentage points higher than the app industry average of 2.43%. 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 4.34%, which is 2 percentage points higher than the app industry average of 2.43%. 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 122.2% indicates that its dividend yield might not be sustainable for the long-term.

Why are app stocks up?

App stocks were up 1.73% in the last day, and down -0.49% over the last week. Upland Software was the among the top gainers in the software - application industry, gaining 28.22% yesterday.

UPLD shares are trading higher after the company reported better-than-expected Q1 financial results.

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 54 points higher than the app industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Mind Cti's stock has dropped -3.83% in the past year. It has underperformed other stocks in the app industry by -32 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 54 points higher than the app industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Adeia's stock has gained 36.59% in the past year. It has overperformed other stocks in the app industry by 8 percentage points.

3. Red Violet (NASDAQ:RDVT)


Red Violet (NASDAQ:RDVT) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Red Violet has a valuation score of 71, which is 54 points higher than the app industry average of 17. It passed 5 out of 7 valuation due diligence checks.

Red Violet's stock has gained 5.51% in the past year. It has underperformed other stocks in the app industry by -23 percentage points.

Are app stocks a good buy now?

44.25% of app stocks rated by analysts are a buy right now. On average, analysts expect app stocks to rise by 20.14% 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 90.91x.
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.