Sectors & Industries TechnologySoftware - 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

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
AGYS	AGILYSYS INC	NASDAQ	Software - Application	$2.73B	$99.94	0.95%	$25.15M	30.01x	0.51
DV	DOUBLEVERIFY HOLDINGS INC	NYSE	Software - Application	$3.36B	$19.54	3.50%	$137.64M	48.85x	0.15
RDVT	RED VIOLET INC	NASDAQ	Software - Application	$280.79M	$20.45	0.29%	$12.79M	19.48x	0.12
SURG	SURGEPAYS INC	NASDAQ	Software - Application	$81.82M	$4.22	3.82%	$17.13M	3.51x	0.24
YMM	FULL TRUCK ALLIANCE CO LTD	NYSE	Software - Application	$9.93B	$9.42	4.20%	$332.95M	34.01x	0.10
YALA	YALLA GROUP LTD	NYSE	Software - Application	$778.45M	$4.91	0.00%	$123.39M	6.64x	0.13
IMMR	IMMERSION CORP	NASDAQ	Software - Application	$297.52M	$9.34	0.00%	$58.12M	6.72x	0.22
AMSWA	AMERICAN SOFTWARE INC	NASDAQ	Software - Application	$347.15M	$10.45	0.58%	$18.73M	29.03x	0.37
TTD	TRADE DESK INC	NASDAQ	Software - Application	$46.36B	$94.78	1.71%	$385.55M	231.17x	1.15
ZM	ZOOM VIDEO COMMUNICATIONS INC	NASDAQ	Software - Application	$19.73B	$64.16	0.31%	$957.83M	30.26x	0.24
SSNC	SS&C TECHNOLOGIES HOLDINGS INC	NASDAQ	Software - Application	$15.76B	$63.72	-0.45%	$2.05B	24.60x	1.69
SRAD	SPORTRADAR GROUP AG	NASDAQ	Software - Application	$3.17B	$10.65	0.47%	$354.47M	98.61x	1.57
SPNS	SAPIENS INTERNATIONAL CORP N V	NASDAQ	Software - Application	$1.94B	$34.85	1.51%	$101.79M	29.29x	0.54
CVLT	COMMVAULT SYSTEMS INC	NASDAQ	Software - Application	$4.83B	$111.24	0.46%	$90.56M	28.89x	2.39
DDOG	DATADOG INC	NASDAQ	Software - Application	$40.16B	$120.07	-0.45%	$206.67M	333.53x	0.88
KARO	KAROOOOO LTD	NASDAQ	Software - Application	$852.39M	$27.54	0.15%	$91.14M	21.72x	0.45
ADSK	AUTODESK INC	NASDAQ	Software - Application	$47.32B	$221.21	0.35%	$1.23B	51.56x	5.23
ZI	ZOOMINFO TECHNOLOGIES INC	NASDAQ	Software - Application	$4.89B	$13.09	-3.82%	$475.20M	65.45x	2.37
HKD	AMTD DIGITAL INC	NYSE	Software - Application	$781.10M	$4.08	7.37%	N/A	12.52x	0.31
INTU	INTUIT INC	NASDAQ	Software - Application	$185.12B	$661.18	1.20%	$4.46B	66.92x	0.76
TSRI	TSR INC	NASDAQ	Software - Application	$28.53M	$13.15	0.00%	$2.78M	14.78x	0.39
APPF	APPFOLIO INC	NASDAQ	Software - Application	$8.71B	$240.59	-2.55%	$96.57M	112.43x	0.29
NICE	NICE LTD	NASDAQ	Software - Application	$12.25B	$193.55	-2.54%	$640.43M	33.37x	0.46
WDAY	WORKDAY INC	NASDAQ	Software - Application	$68.09B	$257.93	0.53%	$734.00M	48.85x	1.04
EGAN	EGAIN CORP	NASDAQ	Software - Application	$187.61M	$6.29	2.28%	$11.91M	21.69x	0.88
LSPD	LIGHTSPEED COMMERCE INC	NYSE	Software - Application	$2.39B	$15.42	2.12%	-$93.39M	-14.41x	0.07
DT	DYNATRACE INC	NYSE	Software - Application	$14.24B	$48.10	-0.76%	$175.28M	71.79x	0.57
LGCL	LUCAS GC LTD	NASDAQ	Software - Application	$252.22M	$3.18	-6.19%	$10.47M	23.21x	0.49
DCBO	DOCEBO INC	NASDAQ	Software - Application	$1.13B	$37.26	0.78%	$4.15M	169.36x	1.90
MNDO	MIND CTI LTD	NASDAQ	Software - Application	$38.09M	$1.89	0.53%	$5.85M	7.25x	0.56
DJCO	DAILY JOURNAL CORP	NASDAQ	Software - Application	$538.28M	$390.90	1.24%	$32.14M	24.23x	0.47
PLUS	EPLUS INC	NASDAQ	Software - Application	$2.16B	$80.16	-0.04%	$200.48M	16.88x	0.82
SMRT	SMARTRENT INC	NYSE	Software - Application	$532.83M	$2.64	-2.94%	-$30.74M	-18.86x	0.46
PUBM	PUBMATIC INC	NASDAQ	Software - Application	$1.20B	$24.02	5.24%	$67.90M	104.43x	1.17
ALKT	ALKAMI TECHNOLOGY INC	NASDAQ	Software - Application	$2.70B	$27.71	4.02%	-$41.04M	-46.18x	0.23
BMBL	BUMBLE INC	NASDAQ	Software - Application	$2.18B	$12.30	1.40%	$131.33M	72.35x	0.78
CDNS	CADENCE DESIGN SYSTEMS INC	NASDAQ	Software - Application	$78.60B	$288.81	-0.04%	$1.46B	74.44x	0.60
PAYC	PAYCOM SOFTWARE INC	NYSE	Software - Application	$10.59B	$182.28	0.67%	$718.86M	22.20x	2.29
DSGX	DESCARTES SYSTEMS GROUP INC	NASDAQ	Software - Application	$8.34B	$97.99	0.35%	$218.49M	72.05x	0.19
DUOL	DUOLINGO INC	NASDAQ	Software - Application	$7.72B	$179.14	1.74%	$53.73M	165.87x	0.50
NOW	SERVICENOW INC	NYSE	Software - Application	$156.84B	$765.05	0.93%	$1.81B	81.13x	1.16
OLO	OLO INC	NYSE	Software - Application	$783.32M	$4.88	-1.21%	-$32.66M	-16.83x	0.14
IBTA	IBOTTA INC	NYSE	Software - Application	N/A	$106.19	0.68%	$50.72M	24.93x	10.45
PCTY	PAYLOCITY HOLDING CORP	NASDAQ	Software - Application	$9.76B	$172.97	0.46%	$332.67M	49.70x	3.51
RSKD	RISKIFIED LTD	NYSE	Software - Application	$1.07B	$5.97	2.40%	-$60.14M	-19.90x	0.22
NCNO	NCINO INC	NASDAQ	Software - Application	$3.65B	$31.99	0.38%	$13.18M	-84.18x	0.27
ANSS	ANSYS INC	NASDAQ	Software - Application	$28.61B	$327.71	0.05%	$720.73M	65.54x	0.32
GRAB	GRAB HOLDINGS LTD	NASDAQ	Software - Application	$14.71B	$3.72	1.92%	-$193.00M	-53.14x	0.30
PDFS	PDF SOLUTIONS INC	NASDAQ	Software - Application	$1.32B	$34.37	1.81%	$12.12M	572.83x	0.27
WFCF	WHERE FOOD COMES FROM INC	NASDAQ	Software - Application	$64.51M	$12.00	1.13%	$3.74M	30.00x	0.61
AI	C3AI INC	NYSE	Software - Application	$3.22B	$26.39	0.73%	-$256.54M	-11.33x	0.19
HKIT	HITEK GLOBAL INC	NASDAQ	Software - Application	$19.57M	$1.36	0.74%	$1.96M	17.00x	0.25
OTEX	OPEN TEXT CORP	NASDAQ	Software - Application	$8.32B	$30.48	-0.65%	$1.61B	49.16x	2.97
VMEO	VIMEO INC	NASDAQ	Software - Application	$685.53M	$4.05	0.00%	$40.06M	22.50x	0.59
SEZL	SEZZLE INC	NASDAQ	Software - Application	$379.20M	$66.91	-2.65%	$31.93M	28.35x	5.61
UBER	UBER TECHNOLOGIES INC	NYSE	Software - Application	$137.22B	$65.67	-0.58%	$2.98B	95.17x	2.45
ROP	ROPER TECHNOLOGIES INC	NASDAQ	Software - Application	$58.01B	$541.89	0.57%	$2.10B	39.04x	0.68
IDN	INTELLICHECK INC	NASDAQ	Software - Application	$53.93M	$2.77	-2.46%	-$1.12M	-55.40x	0.32
NXPL	NEXTPLAT CORP	NASDAQ	Software - Application	$23.28M	$1.24	-3.13%	-$570.12k	-5.17x	0.58
MTLS	MATERIALISE NV	NASDAQ	Software - Application	$316.60M	$5.36	2.88%	$34.64M	41.55x	0.64
LAW	CS DISCO INC	NYSE	Software - Application	$382.05M	$6.37	-8.61%	-$25.54M	-12.02x	0.13
SAP	SAP SE	NYSE	Software - Application	$225.00B	$192.80	1.12%	$5.83B	43.31x	0.69
RUM	RUMBLE INC	NASDAQ	Software - Application	$2.86B	$7.38	1.79%	-$125.97M	-11.35x	0.25
MNDY	MONDAYCOM LTD	NASDAQ	Software - Application	$11.20B	$228.83	0.19%	-$11.27M	586.74x	0.63
VERB	VERB TECHNOLOGY COMPANY INC	NASDAQ	Software - Application	$14.96M	$0.14	-7.74%	-$17.05M	-0.06x	0.46
MKTW	MARKETWISE INC	NASDAQ	Software - Application	$501.52M	$1.55	-4.32%	$4.87M	25.83x	-67.12
PET	WAG! GROUP CO	NASDAQ	Software - Application	$78.40M	$1.93	-4.93%	-$3.73M	-5.36x	-33.95
ALRM	ALARMCOM HOLDINGS INC	NASDAQ	Software - Application	$3.47B	$69.04	-0.89%	$157.83M	38.14x	0.99
MTC	MMTEC INC	NASDAQ	Software - Application	$1.40B	$7.01	16.64%	$50.15M	14.91x	0.28
VTEX	VTEX	NYSE	Software - Application	$1.30B	$7.03	-1.40%	$47.22M	-163.49x	0.43
SWVL	SWVL HOLDINGS CORP	NASDAQ	Software - Application	$57.39M	$8.45	-7.65%	$3.90M	18.78x	1.79
SEMR	SEMRUSH HOLDINGS INC	NYSE	Software - Application	$2.29B	$15.74	1.61%	$30.65M	174.89x	0.49
MANH	MANHATTAN ASSOCIATES INC	NASDAQ	Software - Application	$14.09B	$228.78	1.37%	$230.83M	73.80x	1.82
BRZE	BRAZE INC	NASDAQ	Software - Application	$4.23B	$41.94	-0.19%	-$120.25M	-31.77x	0.83
SYT	SYLA TECHNOLOGIES CO LTD	NASDAQ	Software - Application	$70.70M	$2.71	-6.55%	$10.64M	15.94x	3.41
YOU	CLEAR SECURE INC	NYSE	Software - Application	$2.50B	$17.29	-0.80%	$61.20M	30.88x	4.51
MTTR	MATTERPORT INC	NASDAQ	Software - Application	$1.41B	$4.49	0.00%	-$160.44M	-7.48x	0.10
PHUN	PHUNWARE INC	NASDAQ	Software - Application	$57.33M	$6.93	-1.56%	-$49.48M	-0.35x	0.66
CXM	SPRINKLR INC	NYSE	Software - Application	$3.42B	$12.51	0.64%	$84.34M	65.84x	0.80
TRAK	REPOSITRAK INC	NYSE	Software - Application	$312.90M	$17.17	2.39%	$7.37M	59.21x	0.11
ZENV	ZENVIA INC	NASDAQ	Software - Application	$96.33M	$2.30	3.14%	$14.78M	-8.21x	0.93
TEAM	ATLASSIAN CORP	NASDAQ	Software - Application	$46.78B	$179.72	-1.37%	$29.10M	-285.27x	3.46
FRSH	FRESHWORKS INC	NASDAQ	Software - Application	$4.08B	$13.64	-1.45%	-$84.65M	-33.27x	0.36
PYCR	PAYCOR HCM INC	NASDAQ	Software - Application	$2.50B	$14.03	0.29%	$69.86M	-34.22x	1.25
FROG	JFROG LTD	NASDAQ	Software - Application	$3.59B	$33.10	0.64%	-$21.05M	-71.96x	0.41
NRDY	NERDY INC	NYSE	Software - Application	$358.42M	$2.04	-1.92%	-$25.10M	-7.56x	0.69
DAVE	DAVE INC	NASDAQ	Software - Application	$617.21M	$49.83	-0.24%	$20.22M	-622.88x	0.85
PALT	PALTALK INC	NASDAQ	Software - Application	$29.60M	$3.21	-1.59%	-$675.39k	-35.67x	0.17
INLX	INTELLINETICS INC	NYSEMKT	Software - Application	$32.70M	$7.95	-2.99%	$1.85M	132.50x	0.89
PEGA	PEGASYSTEMS INC	NASDAQ	Software - Application	$5.35B	$62.88	-0.63%	$120.79M	67.61x	2.87
CCRD	CORECARD CORP	NYSE	Software - Application	$114.01M	$13.97	-2.10%	$8.99M	46.57x	0.20
TROO	TROOPS INC	NASDAQ	Software - Application	$102.92M	$1.01	-1.65%	$319.00k	-50.65x	0.16
BSY	BENTLEY SYSTEMS INC	NASDAQ	Software - Application	$16.94B	$56.46	0.68%	$326.53M	49.96x	2.60
FRGE	FORGE GLOBAL HOLDINGS INC	NYSE	Software - Application	$324.06M	$1.79	-0.56%	-$83.30M	-3.58x	0.17
EB	EVENTBRITE INC	NYSE	Software - Application	$511.80M	$5.27	-1.86%	$13.56M	-29.28x	4.17
AZPN	ASPEN TECHNOLOGY INC	NASDAQ	Software - Application	$14.05B	$221.94	3.77%	$452.71M	-504.41x	0.10
DOCU	DOCUSIGN INC	NASDAQ	Software - Application	$12.37B	$60.22	0.53%	$216.90M	167.26x	1.63
PRGS	PROGRESS SOFTWARE CORP	NASDAQ	Software - Application	$2.22B	$51.42	-0.54%	$127.57M	32.34x	2.35
CRM	SALESFORCE INC	NYSE	Software - Application	$277.04B	$285.61	0.33%	$8.91B	67.20x	0.67
HUBS	HUBSPOT INC	NYSE	Software - Application	$31.36B	$615.34	0.82%	-$32.82M	-233.08x	1.20

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 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 45.92% over the past year, overperforming other app stocks by 12 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 0.06% from Agilysys's current stock price of $99.94.

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 35 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 lose -31.77% 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 79.42% from Doubleverify Holdings's current stock price of $19.54.

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 34 points higher than the app industry average of 27. It passed 19 out of 33 due diligence checks and has strong fundamentals. Red Violet has seen its stock return 0.89% over the past year, underperforming other app stocks by -33 percentage points.

Red Violet has an average 1 year price target of $25.00, an upside of 22.25% from Red Violet's current stock price of $20.45.

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. 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 2.38%. 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 4.36%, which is 2 percentage points higher than the app industry average of 2.38%. 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.

3. American Software (NASDAQ:AMSWA)

American Software (NASDAQ:AMSWA) has an annual dividend yield of 4.21%, which is 2 percentage points higher than the app industry average of 2.38%. 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 1.44% in the last day, and up 5.82% over the last week. Mmtec was the among the top gainers in the software - application industry, gaining 16.64% yesterday.

Shares of US-listed Chinese stocks are trading higher after China unveiled measures to support the property sector.

What are the most undervalued app stocks?

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

1. Surgepays (NASDAQ:SURG)

Surgepays (NASDAQ:SURG) is the most undervalued app stock based on WallStreetZen's Valuation Score. Surgepays 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.

Surgepays's stock has dropped -29.87% in the past year. It has underperformed other stocks in the app industry by -63 percentage points.

2. Red Violet (NASDAQ:RDVT)

Red Violet (NASDAQ:RDVT) is the second most undervalued app stock based on WallStreetZen's Valuation Score. Red Violet 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.

Red Violet's stock has gained 0.89% in the past year. It has underperformed other stocks in the app industry by -33 percentage points.

3. Karooooo (NASDAQ:KARO)

Karooooo (NASDAQ:KARO) is the third most undervalued app stock based on WallStreetZen's Valuation Score. Karooooo 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.

Karooooo's stock has gained 29.3% in the past year. It has underperformed other stocks in the app industry by -4 percentage points.

Are app stocks a good buy now?

43.18% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 12.97% 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 32.16x.

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.