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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
AGYS
AGILYSYS INC
$2.63B$96.18$100.003.97%Buy222.34%N/AN/AN/A
DV
DOUBLEVERIFY HOLDINGS INC
$3.32B$19.35$35.0681.18%Strong Buy1717.49%34.35%N/AN/A
RDVT
RED VIOLET INC
$297.27M$21.65$25.0015.47%Strong Buy111.59%N/AN/AN/A
YALA
YALLA GROUP LTD
$776.86M$4.90N/AN/AN/AN/AN/AN/AN/AN/A
SURG
SURGEPAYS INC
$83.28M$4.29$10.00133.10%Buy1-20.83%N/AN/AN/A
YMM
FULL TRUCK ALLIANCE CO LTD
$9.26B$8.79$6.00-31.74%Hold123.45%N/AN/AN/A
KARO
KAROOOOO LTD
$824.07M$26.63$30.0012.68%Strong Buy213.54%52.37%N/AN/A
IMMR
IMMERSION CORP
$297.52M$9.34$11.0017.77%Buy1N/AN/AN/AN/A
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
$15.72B$63.57$70.4310.79%Buy74.35%52.02%N/AN/A
AMSWA
AMERICAN SOFTWARE INC
$343.16M$10.33$16.0054.89%Strong Buy12.23%N/AN/AN/A
TTD
TRADE DESK INC
$44.14B$90.25$98.619.27%Strong Buy1520.81%38.11%N/AN/A
ZM
ZOOM VIDEO COMMUNICATIONS INC
$19.63B$63.81$75.4618.26%Hold132.53%-25.12%N/AN/A
DDOG
DATADOG INC
$39.63B$118.47$147.4724.48%Strong Buy1719.97%38.19%N/AN/A
CVLT
COMMVAULT SYSTEMS INC
$4.88B$112.37$114.251.67%Buy48.18%N/AN/AN/A
ADSK
AUTODESK INC
$47.11B$220.24$290.0731.71%Buy1411.60%32.94%N/AN/A
SRAD
SPORTRADAR GROUP AG
$3.12B$10.48$14.0834.38%Buy612.66%113.44%N/AN/A
ZI
ZOOMINFO TECHNOLOGIES INC
$4.92B$13.17$18.2938.91%Buy177.50%119.67%N/AN/A
SPNS
SAPIENS INTERNATIONAL CORP N V
$1.93B$34.65$35.331.97%Hold36.42%18.46%N/AN/A
HKD
AMTD DIGITAL INC
$721.75M$3.77N/AN/AN/AN/AN/AN/AN/AN/A
INTU
INTUIT INC
$183.42B$655.13$713.318.88%Strong Buy139.56%11.93%N/AN/A
NICE
NICE LTD
$14.34B$228.10$303.8033.19%Strong Buy1012.75%28.17%N/AN/A
APPF
APPFOLIO INC
$9.05B$249.87$247.75-0.85%Strong Buy415.19%N/AN/AN/A
TSRI
TSR INC
$16.79M$7.74N/AN/AN/AN/AN/AN/AN/AN/A
WDAY
WORKDAY INC
$66.35B$251.31$309.8523.29%Buy2016.06%-37.81%N/AN/A
NOW
SERVICENOW INC
$155.92B$760.57$853.5512.23%Strong Buy2018.45%N/AN/AN/A
EGAN
EGAIN CORP
$179.26M$6.01$12.0099.67%Strong Buy1-3.44%N/AN/AN/A
DCBO
DOCEBO INC
$1.12B$36.80$51.6740.40%Buy618.64%57.53%N/AN/A
DT
DYNATRACE INC
$14.13B$47.75$63.3632.68%Strong Buy1419.75%N/AN/AN/A
LGCL
LUCAS GC LTD
$256.18M$3.23N/AN/AN/AN/AN/AN/AN/AN/A
LSPD
LIGHTSPEED COMMERCE INC
$1.96B$12.78$18.0741.40%Buy722.55%N/AN/AN/A
PAYC
PAYCOM SOFTWARE INC
$10.31B$177.45$193.388.97%Hold810.03%-15.07%N/AN/A
PLUS
EPLUS INC
$2.16B$80.13$80.00-0.16%Hold17.72%N/AN/AN/A
DJCO
DAILY JOURNAL CORP
$535.66M$389.00N/AN/AN/AN/AN/AN/AN/AN/A
PCTY
PAYLOCITY HOLDING CORP
$9.70B$171.91$192.0011.69%Buy128.97%-35.59%N/AN/A
MNDO
MIND CTI LTD
$37.99M$1.88N/AN/AN/AN/AN/AN/AN/AN/A
PUBM
PUBMATIC INC
$1.16B$23.29$27.3317.36%Strong Buy39.83%124.43%N/AN/A
SMRT
SMARTRENT INC
$561.08M$2.78$3.8839.39%Strong Buy222.76%N/AN/AN/A
ALKT
ALKAMI TECHNOLOGY INC
$2.54B$26.02$28.509.53%Buy820.92%N/AN/AN/A
CDNS
CADENCE DESIGN SYSTEMS INC
$79.76B$293.10$328.7512.16%Strong Buy813.30%N/AN/AN/A
VMEO
VIMEO INC
$675.37M$3.99$4.256.52%Hold22.10%N/AN/AN/A
DSGX
DESCARTES SYSTEMS GROUP INC
$8.30B$97.58$96.50-1.11%Buy810.46%N/AN/AN/A
BMBL
BUMBLE INC
$2.13B$11.97$15.2727.59%Strong Buy119.15%100.49%N/AN/A
DUOL
DUOLINGO INC
$7.65B$177.30$252.8642.62%Buy724.21%N/AN/AN/A
IBTA
IBOTTA INC
N/A$106.06$122.3315.34%Strong Buy918.30%N/AN/AN/A
OLO
OLO INC
$767.27M$4.78$7.7562.13%Strong Buy215.08%N/AN/AN/A
LAW
CS DISCO INC
$422.83M$7.05$9.1730.03%Hold310.07%N/AN/AN/A
NCNO
NCINO INC
$3.67B$32.15$38.0018.20%Buy614.77%N/AN/AN/A
PDFS
PDF SOLUTIONS INC
$1.32B$34.39$40.0016.31%Strong Buy18.18%N/AN/AN/A
ANSS
ANSYS INC
$28.80B$329.88$338.332.56%Sell39.54%47.51%N/AN/A
AI
C3AI INC
$3.25B$26.59$30.4014.33%Hold526.06%N/AN/AN/A
WFCF
WHERE FOOD COMES FROM INC
$64.91M$12.08N/AN/AN/AN/AN/AN/AN/AN/A
OTEX
OPEN TEXT CORP
$8.42B$30.87$43.0039.29%Hold3-2.10%213.67%N/AN/A
HKIT
HITEK GLOBAL INC
$21.01M$1.46N/AN/AN/AN/AN/AN/AN/AN/A
SEZL
SEZZLE INC
$407.15M$71.84N/AN/AN/AN/AN/AN/AN/AN/A
UBER
UBER TECHNOLOGIES INC
$139.20B$66.62$87.1530.81%Strong Buy2714.85%57.00%N/AN/A
ROP
ROPER TECHNOLOGIES INC
$56.89B$531.44$604.2913.71%Buy76.96%12.96%N/AN/A
NXPL
NEXTPLAT CORP
$24.03M$1.28N/AN/AN/AN/AN/AN/AN/AN/A
IDN
INTELLICHECK INC
$53.73M$2.76$4.6769.09%Buy311.47%N/AN/AN/A
MTLS
MATERIALISE NV
$316.60M$5.36$9.5077.24%Strong Buy1N/AN/A10.53%6.41%
MNDY
MONDAYCOM LTD
$10.80B$220.72$246.0011.45%Strong Buy1223.02%N/AN/AN/A
RUM
RUMBLE INC
$2.77B$7.15N/AN/AN/AN/A34.11%N/AN/AN/A
ALRM
ALARMCOM HOLDINGS INC
$3.52B$70.05$72.673.74%Buy34.50%N/AN/AN/A
CXM
SPRINKLR INC
$3.43B$12.55$16.7833.69%Strong Buy911.32%N/AN/AN/A
PET
WAG! GROUP CO
$83.68M$2.06$8.00288.35%Strong Buy124.47%N/AN/AN/A
VERB
VERB TECHNOLOGY COMPANY INC
$14.33M$0.14N/AN/AN/AN/AN/AN/AN/AN/A
MKTW
MARKETWISE INC
$504.76M$1.56$2.0028.21%Hold118.60%112.13%N/AN/A
MTC
MMTEC INC
$1.40B$7.05N/AN/AN/AN/AN/AN/AN/AN/A
GRAB
GRAB HOLDINGS LTD
$14.16B$3.60$4.6027.78%Strong Buy416.83%N/AN/AN/A
VTEX
VTEX
$1.34B$7.27$10.0037.55%Strong Buy619.01%N/AN/AN/A
SEMR
SEMRUSH HOLDINGS INC
$2.28B$15.69$14.17-9.71%Buy616.45%N/AN/AN/A
MANH
MANHATTAN ASSOCIATES INC
$13.76B$223.45$242.508.53%Buy67.03%N/AN/AN/A
BRZE
BRAZE INC
$4.28B$42.49$65.0052.98%Strong Buy1421.01%N/AN/AN/A
RSKD
RISKIFIED LTD
$1.10B$6.18$5.68-8.11%Buy710.94%N/AN/AN/A
FRSH
FRESHWORKS INC
$4.17B$13.94$21.8056.38%Buy1015.79%N/AN/AN/A
TRAK
REPOSITRAK INC
$313.27M$17.19N/AN/AN/AN/AN/AN/AN/AN/A
MTTR
MATTERPORT INC
$1.41B$4.48$5.1314.40%Hold411.56%N/AN/AN/A
TEAM
ATLASSIAN CORP
$47.95B$184.21$232.3126.11%Buy1314.23%N/AN/AN/A
PHUN
PHUNWARE INC
$60.22M$7.28$22.50209.07%Strong Buy2439.76%N/AN/AN/A
SAP
SAP SE
$224.58B$192.44$213.0010.68%Strong Buy49.35%-8.74%N/AN/A
PYCR
PAYCOR HCM INC
$2.57B$14.40$24.6070.83%Buy1010.21%N/AN/AN/A
PALT
PALTALK INC
$29.23M$3.17$4.5041.96%Strong Buy1N/AN/AN/AN/A
INLX
INTELLINETICS INC
$33.79M$8.22N/AN/AN/AN/A7.40%N/AN/AN/A
FROG
JFROG LTD
$3.68B$33.98$44.3330.47%Strong Buy918.87%N/AN/AN/A
SYT
SYLA TECHNOLOGIES CO LTD
$74.45M$2.87N/AN/AN/AN/AN/AN/AN/AN/A
NRDY
NERDY INC
$374.24M$2.13$4.2599.53%Buy318.58%N/AN/AN/A
DAVE
DAVE INC
$615.60M$49.70$70.0040.85%Buy217.64%N/A3.11%1.68%
TROO
TROOPS INC
$99.46M$0.98N/AN/AN/AN/AN/AN/AN/AN/A
CCRD
CORECARD CORP
$113.76M$13.94N/AN/AN/AN/A-5.33%N/AN/AN/A
PEGA
PEGASYSTEMS INC
$5.38B$63.30$75.4319.16%Buy76.05%N/AN/AN/A
BSY
BENTLEY SYSTEMS INC
$16.68B$55.60$60.608.99%Strong Buy58.98%-27.43%29.94%8.32%
TCJH
TOP KINGWIN LTD
$6.53M$0.44N/AN/AN/AN/AN/AN/AN/AN/A
FRGE
FORGE GLOBAL HOLDINGS INC
$331.30M$1.83$5.25186.89%Buy216.53%N/AN/AN/A
PRGS
PROGRESS SOFTWARE CORP
$2.22B$51.43$65.2526.87%Strong Buy42.37%N/AN/AN/A
EB
EVENTBRITE INC
$505.97M$5.21$10.0091.94%Strong Buy612.52%N/AN/AN/A
SWVL
SWVL HOLDINGS CORP
$67.92M$10.00N/AN/AN/AN/AN/AN/AN/AN/A
AZPN
ASPEN TECHNOLOGY INC
$14.01B$221.30$207.67-6.16%Buy3N/AN/AN/AN/A
DOCU
DOCUSIGN INC
$12.56B$61.13$64.775.95%Hold136.12%-12.64%N/AN/A
CWAN
CLEARWATER ANALYTICS HOLDINGS INC
$4.69B$19.10$21.009.95%Buy517.09%N/AN/AN/A
SHOP
SHOPIFY INC
$75.70B$58.77$76.6330.39%Buy1917.87%N/AN/AN/A
API
AGORA INC
$250.79M$2.72N/AN/AN/AN/A6.42%N/AN/AN/A

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. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the top app stock with a Zen Score of 64, which is 38 points higher than the app industry average of 26. It passed 21 out of 33 due diligence checks and has strong fundamentals. Agilysys has seen its stock return 23.83% over the past year, underperforming other app stocks by -9 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 3.97% from Agilysys's current stock price of $96.18.

Agilysys stock has a consensus Buy recommendation according to Wall Street analysts. Of the 2 analysts 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.

2. Doubleverify Holdings (NYSE:DV)


Doubleverify Holdings (NYSE:DV) is the second best app stock with a Zen Score of 62, which is 36 points higher than the app industry average of 26. It passed 21 out of 33 due diligence checks and has strong fundamentals. Doubleverify Holdings has seen its stock lose -31.79% over the past year, underperforming other app stocks by -65 percentage points.

Doubleverify Holdings has an average 1 year price target of $35.06, an upside of 81.18% from Doubleverify Holdings's current stock price of $19.35.

Doubleverify Holdings stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Doubleverify Holdings, 58.82% have issued a Strong Buy rating, 35.29% have issued a Buy, 5.88% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Red Violet (NASDAQ:RDVT)


Red Violet (NASDAQ:RDVT) is the third best app stock with a Zen Score of 61, which is 35 points higher than the app industry average of 26. It passed 19 out of 33 due diligence checks and has strong fundamentals. Red Violet has seen its stock return 16.21% over the past year, underperforming other app stocks by -17 percentage points.

Red Violet has an average 1 year price target of $25.00, an upside of 15.47% from Red Violet's current stock price of $21.65.

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.

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. Sap Se (NYSE:SAP)


Sap Se (NYSE:SAP) has an annual dividend yield of N/A, which is N/A percentage points lower than the app industry average of 2.43%. Sap Se's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Sap Se's dividend has shown consistent growth over the last 10 years.

Sap Se's dividend payout ratio of 49.1% indicates that its dividend yield is sustainable for the long-term.

2. 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 2.43%. 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.

3. Upbound Group (NASDAQ:UPBD)


Upbound Group (NASDAQ:UPBD) has an annual dividend yield of 4.3%, 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 dividend yield might not be sustainable for the long-term.

Why are app stocks up?

App stocks were up 3.48% in the last day, and up 5.18% over the last week. Oblong was the among the top gainers in the software - application industry, gaining 23.77% yesterday.

Shares of software stocks are trading higher amid tech strength following April CPI data.

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 56 points higher than the app industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Karooooo's stock has gained 22.81% in the past year. It has underperformed other stocks in the app industry by -10 percentage points.

2. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Mind Cti has a valuation score of 71, which is 56 points higher than the app industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Mind Cti's stock has dropped -3.59% in the past year. It has underperformed other stocks in the app industry by -37 percentage points.

3. Yalla Group (NYSE:YALA)


Yalla Group (NYSE:YALA) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Yalla Group has a valuation score of 71, which is 56 points higher than the app industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Yalla Group's stock has gained 28.61% in the past year. It has underperformed other stocks in the app industry by -5 percentage points.

Are app stocks a good buy now?

42.7% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 14.03% 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 31.02x.
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.