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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
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
AGYS
AGILYSYS INC
NASDAQ
Software - Application
$2.24B$81.810.96%$25.15M24.57x0.51
YMM
FULL TRUCK ALLIANCE CO LTD
NYSE
Software - Application
$9.04B$8.580.12%$332.95M30.97x0.10
DV
DOUBLEVERIFY HOLDINGS INC
NYSE
Software - Application
$3.25B$18.890.32%$137.64M47.23x0.15
YALA
YALLA GROUP LTD
NYSE
Software - Application
$748.32M$4.72-3.28%$123.39M6.38x0.13
RDVT
RED VIOLET INC
NASDAQ
Software - Application
$279.69M$20.37-1.59%$12.79M19.40x0.12
KARO
KAROOOOO LTD
NASDAQ
Software - Application
$828.56M$26.77-0.59%N/A23.65x0.49
IMMR
IMMERSION CORP
NASDAQ
Software - Application
$264.40M$8.302.72%$58.12M5.97x0.22
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
NASDAQ
Software - Application
$15.57B$62.96-0.73%$2.05B24.31x1.69
AMSWA
AMERICAN SOFTWARE INC
NASDAQ
Software - Application
$334.53M$10.07-1.66%$18.73M27.97x0.37
TTD
TRADE DESK INC
NASDAQ
Software - Application
$42.68B$87.26-1.59%$385.55M212.83x1.15
ZM
ZOOM VIDEO COMMUNICATIONS INC
NASDAQ
Software - Application
$19.06B$61.971.37%$957.83M29.23x0.24
DDOG
DATADOG INC
NASDAQ
Software - Application
$39.80B$118.972.68%$206.67M330.47x0.88
SPNS
SAPIENS INTERNATIONAL CORP N V
NASDAQ
Software - Application
$1.85B$33.26-2.63%$101.79M27.95x0.54
ADSK
AUTODESK INC
NASDAQ
Software - Application
$46.58B$217.77-0.39%$1.23B50.76x5.23
ZI
ZOOMINFO TECHNOLOGIES INC
NASDAQ
Software - Application
$4.77B$12.761.43%$475.20M63.80x2.37
HKD
AMTD DIGITAL INC
NYSE
Software - Application
$693.03M$3.627.10%N/A11.10x0.31
INTU
INTUIT INC
NASDAQ
Software - Application
$177.03B$632.310.87%$4.46B64.00x0.76
APPF
APPFOLIO INC
NASDAQ
Software - Application
$8.96B$247.310.82%$96.57M115.57x0.29
TSRI
TSR INC
NASDAQ
Software - Application
$16.73M$7.71-0.52%$2.78M8.66x0.39
WDAY
WORKDAY INC
NASDAQ
Software - Application
$65.03B$246.340.15%$734.00M46.66x1.04
EGAN
EGAIN CORP
NASDAQ
Software - Application
$172.70M$5.79-12.54%$11.91M19.97x0.88
NOW
SERVICENOW INC
NYSE
Software - Application
$149.61B$729.790.95%$1.81B77.39x1.16
SURG
SURGEPAYS INC
NASDAQ
Software - Application
$73.88M$3.83-6.36%$20.06M2.64x0.48
NICE
NICE LTD
NASDAQ
Software - Application
$14.16B$225.151.03%$602.59M42.32x0.53
SRAD
SPORTRADAR GROUP AG
NASDAQ
Software - Application
$2.76B$9.26-1.59%$322.99M71.23x1.58
PAYC
PAYCOM SOFTWARE INC
NYSE
Software - Application
$10.08B$173.39-0.11%$718.86M21.12x2.29
DT
DYNATRACE INC
NYSE
Software - Application
$13.68B$46.21-0.45%$175.28M68.97x0.57
DCBO
DOCEBO INC
NASDAQ
Software - Application
$1.09B$35.81-22.91%$4.15M162.77x1.90
LSPD
LIGHTSPEED COMMERCE INC
NYSE
Software - Application
$2.01B$13.14-2.23%-$133.66M-9.73x0.07
PDFS
PDF SOLUTIONS INC
NASDAQ
Software - Application
$1.32B$34.294.51%$12.12M571.50x0.27
MNDO
MIND CTI LTD
NASDAQ
Software - Application
$38.19M$1.89-1.31%$5.85M7.27x0.56
PLUS
EPLUS INC
NASDAQ
Software - Application
$2.15B$79.860.13%$200.48M16.81x0.82
PCTY
PAYLOCITY HOLDING CORP
NASDAQ
Software - Application
$9.23B$163.62-0.10%$332.67M47.02x3.51
SMRT
SMARTRENT INC
NYSE
Software - Application
$484.39M$2.400.42%-$30.74M-17.14x0.46
ALKT
ALKAMI TECHNOLOGY INC
NASDAQ
Software - Application
$2.54B$26.08-1.10%-$41.04M-43.47x0.23
PUBM
PUBMATIC INC
NASDAQ
Software - Application
$1.12B$22.490.09%$67.90M97.78x1.17
DSGX
DESCARTES SYSTEMS GROUP INC
NASDAQ
Software - Application
$8.28B$97.37-0.42%$218.49M71.60x0.19
VMEO
VIMEO INC
NASDAQ
Software - Application
$646.60M$3.82-3.05%$40.06M21.22x0.59
DUOL
DUOLINGO INC
NASDAQ
Software - Application
$8.11B$188.12-6.21%$53.73M174.19x0.50
CDNS
CADENCE DESIGN SYSTEMS INC
NASDAQ
Software - Application
$78.23B$287.480.77%$1.46B74.09x0.60
BMBL
BUMBLE INC
NASDAQ
Software - Application
$2.03B$11.450.00%$131.33M67.35x0.78
MTC
MMTEC INC
NASDAQ
Software - Application
$736.84M$3.7010.12%$50.15M7.87x0.28
NCNO
NCINO INC
NASDAQ
Software - Application
$3.55B$31.110.97%$13.18M-81.87x0.27
OLO
OLO INC
NYSE
Software - Application
$741.59M$4.62-2.74%-$32.66M-15.93x0.14
ANSS
ANSYS INC
NASDAQ
Software - Application
$28.66B$328.250.31%$720.73M65.65x0.32
LAW
CS DISCO INC
NYSE
Software - Application
$407.84M$6.80-15.74%-$25.54M-12.83x0.13
AI
C3AI INC
NYSE
Software - Application
$2.92B$23.89-1.73%-$256.54M-10.25x0.19
WFCF
WHERE FOOD COMES FROM INC
NASDAQ
Software - Application
$62.57M$11.64-3.40%$3.74M29.10x0.61
MNDY
MONDAYCOM LTD
NASDAQ
Software - Application
$8.89B$181.760.42%-$29.56M-4,544.00x0.57
IDN
INTELLICHECK INC
NASDAQ
Software - Application
$59.77M$3.085.12%-$1.99M-30.80x0.38
HKIT
HITEK GLOBAL INC
NASDAQ
Software - Application
$18.85M$1.31-2.24%$1.96M16.38x0.25
OTEX
OPEN TEXT CORP
NASDAQ
Software - Application
$8.28B$30.350.73%$1.61B48.95x2.97
ROP
ROPER TECHNOLOGIES INC
NASDAQ
Software - Application
$56.04B$523.500.03%$2.10B37.72x0.68
UBER
UBER TECHNOLOGIES INC
NYSE
Software - Application
$139.98B$66.99-1.38%$2.98B97.09x2.45
NXPL
NEXTPLAT CORP
NASDAQ
Software - Application
$23.59M$1.262.44%-$1.14M-5.73x0.51
MTLS
MATERIALISE NV
NASDAQ
Software - Application
$303.01M$5.13-1.35%$34.64M39.77x0.64
CXM
SPRINKLR INC
NYSE
Software - Application
$3.32B$12.17-1.54%$84.34M64.05x0.80
RUM
RUMBLE INC
NASDAQ
Software - Application
$2.61B$6.77-1.74%-$114.07M-11.67x0.18
ALRM
ALARMCOM HOLDINGS INC
NASDAQ
Software - Application
$3.41B$67.93-1.25%$157.83M37.53x0.99
PET
WAG! GROUP CO
NASDAQ
Software - Application
$97.08M$2.39-1.85%-$3.73M-6.64x-33.95
VERB
VERB TECHNOLOGY COMPANY INC
NASDAQ
Software - Application
$13.81M$0.13-5.71%-$17.05M-0.06x0.46
GRAB
GRAB HOLDINGS LTD
NASDAQ
Software - Application
$13.77B$3.50-1.41%-$330.00M-31.82x0.36
VTEX
VTEX
NYSE
Software - Application
$1.22B$6.62-2.50%$47.22M-153.95x0.43
RSKD
RISKIFIED LTD
NYSE
Software - Application
$928.48M$5.202.97%-$66.31M-15.76x0.22
SEMR
SEMRUSH HOLDINGS INC
NYSE
Software - Application
$2.22B$15.26-0.20%$30.65M169.56x0.49
MANH
MANHATTAN ASSOCIATES INC
NASDAQ
Software - Application
$13.41B$217.730.23%$230.83M70.24x1.82
BRZE
BRAZE INC
NASDAQ
Software - Application
$4.16B$41.23-0.19%-$120.25M-31.23x0.83
FRSH
FRESHWORKS INC
NASDAQ
Software - Application
$4.10B$13.71-0.87%-$84.65M-33.44x0.36
MTTR
MATTERPORT INC
NASDAQ
Software - Application
$1.39B$4.42-1.56%-$160.44M-7.37x0.10
TEAM
ATLASSIAN CORP
NASDAQ
Software - Application
$46.79B$179.75-0.06%$29.10M-285.32x3.46
TRAK
REPOSITRAK INC
NYSE
Software - Application
$296.63M$16.29-1.09%$7.60M56.17x0.10
PRGS
PROGRESS SOFTWARE CORP
NASDAQ
Software - Application
$2.20B$50.950.26%$127.57M32.04x2.35
PYCR
PAYCOR HCM INC
NASDAQ
Software - Application
$2.58B$14.50-1.76%$69.86M-35.37x1.25
FROG
JFROG LTD
NASDAQ
Software - Application
$3.58B$33.01-18.73%-$21.05M-71.76x0.41
BILL
BILL HOLDINGS INC
NYSE
Software - Application
$5.99B$56.48-2.06%$61.86M-115.27x1.25
PALT
PALTALK INC
NASDAQ
Software - Application
$28.59M$3.10-4.32%-$675.39k-34.44x0.17
SYT
SYLA TECHNOLOGIES CO LTD
NASDAQ
Software - Application
$78.08M$3.01-6.52%N/A20.20x3.07
DAVE
DAVE INC
NASDAQ
Software - Application
$608.05M$49.09-7.53%$20.22M-613.63x0.85
PTC
PTC INC
NASDAQ
Software - Application
$21.55B$180.000.00%$676.04M74.38x1.11
SAP
SAP SE
NYSE
Software - Application
$221.79B$190.05-1.01%$5.83B42.69x0.69
NRDY
NERDY INC
NYSE
Software - Application
$374.24M$2.13-8.19%-$25.10M-7.89x0.69
ULY
URGENTLY INC
NASDAQ
Software - Application
$31.79M$2.372.60%$121.05M0.09x11.62
PEGA
PEGASYSTEMS INC
NASDAQ
Software - Application
$5.23B$61.460.70%$120.79M66.09x2.87
TROO
TROOPS INC
NASDAQ
Software - Application
$101.60M$1.00-1.96%$319.00k-50.00x0.16
MKTW
MARKETWISE INC
NASDAQ
Software - Application
$504.18M$1.532.00%$4.64M25.50x-61.86
CCRD
CORECARD CORP
NYSE
Software - Application
$104.62M$12.82-7.77%$8.99M42.73x0.20
YOU
CLEAR SECURE INC
NYSE
Software - Application
$2.46B$16.96-5.20%$61.20M30.29x4.51
GTLB
GITLAB INC
NASDAQ
Software - Application
$8.37B$52.87-0.08%-$153.58M-19.23x1.23
FRGE
FORGE GLOBAL HOLDINGS INC
NYSE
Software - Application
$316.82M$1.750.00%-$83.30M-3.50x0.17
SWVL
SWVL HOLDINGS CORP
NASDAQ
Software - Application
$68.87M$10.14-6.28%$3.90M22.53x1.79
SEZL
SEZZLE INC
NASDAQ
Software - Application
$474.59M$83.746.55%$31.93M35.48x5.61
AZPN
ASPEN TECHNOLOGY INC
NASDAQ
Software - Application
$13.24B$209.081.52%$452.71M-475.18x0.10
EB
EVENTBRITE INC
NYSE
Software - Application
$521.51M$5.37-2.01%$13.56M-29.83x4.17
DOCU
DOCUSIGN INC
NASDAQ
Software - Application
$11.92B$58.031.31%$216.90M161.19x1.63
DJCO
DAILY JOURNAL CORP
NASDAQ
Software - Application
$520.38M$377.900.00%$24.79M32.05x0.68
BSY
BENTLEY SYSTEMS INC
NASDAQ
Software - Application
$16.64B$55.480.85%$326.53M49.10x2.60
MYSZ
MY SIZE INC
NASDAQ
Software - Application
$2.65M$4.17-3.47%-$6.48M-0.21x0.90
CRM
SALESFORCE INC
NYSE
Software - Application
$268.37B$276.670.55%$8.91B65.10x0.67
CREX
CREATIVE REALITIES INC
NASDAQ
Software - Application
$40.95M$3.92-3.21%$4.14M-18.67x1.36
HUBS
HUBSPOT INC
NYSE
Software - Application
$30.47B$597.951.84%-$32.82M-226.50x1.20

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 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 3.66% 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 22.23% from Agilysys's current stock price of $81.81.

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.

2. Full Truck Alliance Co (NYSE:YMM)


Full Truck Alliance Co (NYSE:YMM) is the second best 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. Full Truck Alliance Co has seen its stock return 48.19% over the past year, overperforming other app stocks by 22 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -30.07% from Full Truck Alliance Co's current stock price of $8.58.

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.

3. Doubleverify Holdings (NYSE:DV)


Doubleverify Holdings (NYSE:DV) is the third 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 -32.27% over the past year, underperforming other app stocks by -59 percentage points.

Doubleverify Holdings has an average 1 year price target of $35.06, an upside of 85.6% from Doubleverify Holdings's current stock price of $18.89.

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.

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 2.41%. 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 12.7%, which is 10 percentage points higher than the app industry average of 2.41%. 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. American Software (NASDAQ:AMSWA)


American Software (NASDAQ:AMSWA) has an annual dividend yield of 4.37%, which is 2 percentage points higher than the app industry average of 2.41%. 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 down?

App stocks were down -0.35% in the last day, and up 1.24% over the last week. Jfrog was the among the top losers in the software - application industry, dropping -18.73% yesterday.

JFrog shares are trading lower. The company reported 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. 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 27.48% in the past year. It has overperformed other stocks in the app industry by 1 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 -1.56% in the past year. It has underperformed other stocks in the app industry by -28 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 56 points higher than the app industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Red Violet's stock has gained 19.33% in the past year. It has underperformed other stocks in the app industry by -7 percentage points.

Are app stocks a good buy now?

43.58% of app stocks rated by analysts are a strong buy right now. On average, analysts expect app stocks to rise by 19.58% 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 34.74x.
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.