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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
$2.73B$99.94$100.000.06%Buy223.68%N/AN/AN/A
DV
DOUBLEVERIFY HOLDINGS INC
$3.36B$19.54$35.0679.42%Strong Buy1717.49%34.35%N/AN/A
RDVT
RED VIOLET INC
$280.79M$20.45$25.0022.25%Strong Buy111.59%N/AN/AN/A
YALA
YALLA GROUP LTD
$778.45M$4.91N/AN/AN/AN/AN/AN/AN/AN/A
SURG
SURGEPAYS INC
$81.82M$4.22$10.00137.25%Buy1-22.43%N/AN/AN/A
YMM
FULL TRUCK ALLIANCE CO LTD
$9.93B$9.42$6.00-36.31%Hold123.45%N/AN/AN/A
IMMR
IMMERSION CORP
$297.52M$9.34$11.0017.77%Buy1N/AN/AN/AN/A
AMSWA
AMERICAN SOFTWARE INC
$347.15M$10.45N/AN/AN/AN/A2.23%N/AN/AN/A
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
$15.76B$63.72$70.4310.53%Buy74.35%52.02%N/AN/A
TTD
TRADE DESK INC
$46.36B$94.78$99.585.06%Strong Buy1620.81%38.11%N/AN/A
ZM
ZOOM VIDEO COMMUNICATIONS INC
$19.73B$64.16$76.2518.84%Hold122.53%-25.12%N/AN/A
CVLT
COMMVAULT SYSTEMS INC
$4.83B$111.24$119.407.34%Buy58.18%N/AN/AN/A
DDOG
DATADOG INC
$40.16B$120.07$147.4722.82%Strong Buy1719.97%38.19%N/AN/A
SRAD
SPORTRADAR GROUP AG
$3.17B$10.65$13.9330.79%Strong Buy712.88%113.44%N/AN/A
SPNS
SAPIENS INTERNATIONAL CORP N V
$1.94B$34.85$35.331.39%Hold36.42%18.46%N/AN/A
ADSK
AUTODESK INC
$47.32B$221.21$290.0731.13%Buy1411.60%32.94%N/AN/A
KARO
KAROOOOO LTD
$852.39M$27.54$30.008.93%Strong Buy210.03%40.19%N/AN/A
ZI
ZOOMINFO TECHNOLOGIES INC
$4.89B$13.09$18.2939.76%Buy177.50%119.67%N/AN/A
HKD
AMTD DIGITAL INC
$781.10M$4.08N/AN/AN/AN/AN/AN/AN/AN/A
INTU
INTUIT INC
$185.12B$661.18$713.317.88%Strong Buy139.52%11.93%N/AN/A
APPF
APPFOLIO INC
$8.71B$240.59$247.752.98%Strong Buy415.19%N/AN/AN/A
TSRI
TSR INC
$28.53M$13.15N/AN/AN/AN/AN/AN/AN/AN/A
WDAY
WORKDAY INC
$68.09B$257.93$311.8520.90%Buy2016.06%-37.81%N/AN/A
EGAN
EGAIN CORP
$187.61M$6.29$12.0090.78%Strong Buy1-3.44%N/AN/AN/A
NICE
NICE LTD
$12.25B$193.55$287.9248.76%Strong Buy1210.70%19.34%N/AN/A
LSPD
LIGHTSPEED COMMERCE INC
$2.39B$15.42$18.7521.60%Buy1020.50%N/AN/AN/A
LGCL
LUCAS GC LTD
$252.22M$3.18N/AN/AN/AN/AN/AN/AN/AN/A
DT
DYNATRACE INC
$14.24B$48.10$61.7528.38%Strong Buy2019.78%N/AN/AN/A
DCBO
DOCEBO INC
$1.13B$37.26$51.6738.67%Buy616.72%57.53%N/AN/A
ALKT
ALKAMI TECHNOLOGY INC
$2.70B$27.71$28.502.85%Buy820.92%N/AN/AN/A
PLUS
EPLUS INC
$2.16B$80.16$80.00-0.20%Hold17.72%N/AN/AN/A
SMRT
SMARTRENT INC
$532.83M$2.64$3.8846.78%Strong Buy222.76%N/AN/AN/A
DJCO
DAILY JOURNAL CORP
$538.28M$390.90N/AN/AN/AN/AN/AN/AN/AN/A
MNDO
MIND CTI LTD
$38.09M$1.89N/AN/AN/AN/AN/AN/AN/AN/A
PUBM
PUBMATIC INC
$1.20B$24.02$27.3313.79%Strong Buy39.83%124.43%N/AN/A
DSGX
DESCARTES SYSTEMS GROUP INC
$8.34B$97.99$98.000.01%Buy810.46%N/AN/AN/A
PAYC
PAYCOM SOFTWARE INC
$10.59B$182.28$193.386.09%Hold810.03%-15.07%N/AN/A
BMBL
BUMBLE INC
$2.18B$12.30$15.2724.17%Strong Buy119.15%100.49%N/AN/A
NOW
SERVICENOW INC
$156.84B$765.05$853.5511.57%Strong Buy2018.45%N/AN/AN/A
DUOL
DUOLINGO INC
$7.72B$179.14$252.8641.15%Buy724.21%N/AN/AN/A
CDNS
CADENCE DESIGN SYSTEMS INC
$78.60B$288.81$328.7513.83%Strong Buy813.30%N/AN/AN/A
GRAB
GRAB HOLDINGS LTD
$14.71B$3.72$4.6023.66%Strong Buy413.76%N/AN/AN/A
LAW
CS DISCO INC
$382.05M$6.37$9.1743.91%Hold39.28%N/AN/AN/A
IBTA
IBOTTA INC
N/A$106.19$122.3315.20%Strong Buy918.30%N/AN/AN/A
PCTY
PAYLOCITY HOLDING CORP
$9.76B$172.97$192.0011.00%Buy128.97%-35.59%N/AN/A
OLO
OLO INC
$783.32M$4.88$7.7558.81%Strong Buy215.08%N/AN/AN/A
NCNO
NCINO INC
$3.65B$31.99$38.0018.79%Buy614.77%N/AN/AN/A
PDFS
PDF SOLUTIONS INC
$1.32B$34.37$40.0016.38%Strong Buy18.18%N/AN/AN/A
RSKD
RISKIFIED LTD
$1.07B$5.97$6.6310.97%Buy89.59%N/AN/AN/A
ANSS
ANSYS INC
$28.61B$327.71$338.333.24%Sell39.54%47.51%N/AN/A
WFCF
WHERE FOOD COMES FROM INC
$64.51M$12.00N/AN/AN/AN/AN/AN/AN/AN/A
AI
C3AI INC
$3.22B$26.39$30.4015.20%Hold526.06%N/AN/AN/A
SEZL
SEZZLE INC
$379.20M$66.91N/AN/AN/AN/AN/AN/AN/AN/A
VMEO
VIMEO INC
$685.53M$4.05$4.254.94%Hold22.10%N/AN/AN/A
OTEX
OPEN TEXT CORP
$8.32B$30.48$43.0041.08%Hold3-2.10%213.67%N/AN/A
UBER
UBER TECHNOLOGIES INC
$137.22B$65.67$86.8232.21%Strong Buy2814.85%57.00%N/AN/A
ROP
ROPER TECHNOLOGIES INC
$58.01B$541.89$604.2911.51%Buy76.96%12.96%N/AN/A
HKIT
HITEK GLOBAL INC
$19.57M$1.36N/AN/AN/AN/AN/AN/AN/AN/A
MTLS
MATERIALISE NV
$316.60M$5.36$9.5077.24%Strong Buy1N/AN/A10.53%6.41%
IDN
INTELLICHECK INC
$53.93M$2.77$4.6768.48%Buy312.46%N/AN/AN/A
SAP
SAP SE
$225.00B$192.80$213.0010.48%Strong Buy49.34%-8.74%N/AN/A
NXPL
NEXTPLAT CORP
$23.28M$1.24N/AN/AN/AN/AN/AN/AN/AN/A
PET
WAG! GROUP CO
$78.40M$1.93$5.75197.93%Strong Buy224.47%N/AN/AN/A
RUM
RUMBLE INC
$2.86B$7.38N/AN/AN/AN/A27.66%N/AN/AN/A
MTC
MMTEC INC
$1.40B$7.01N/AN/AN/AN/AN/AN/AN/AN/A
VERB
VERB TECHNOLOGY COMPANY INC
$14.96M$0.14N/AN/AN/AN/AN/AN/AN/AN/A
MKTW
MARKETWISE INC
$501.52M$1.55$2.0029.03%Hold118.60%112.13%N/AN/A
ALRM
ALARMCOM HOLDINGS INC
$3.47B$69.04$72.675.25%Buy34.50%N/AN/AN/A
MNDY
MONDAYCOM LTD
$11.20B$228.83$259.0713.22%Strong Buy1423.12%N/AN/AN/A
SWVL
SWVL HOLDINGS CORP
$57.39M$8.45N/AN/AN/AN/AN/AN/AN/AN/A
SYT
SYLA TECHNOLOGIES CO LTD
$70.70M$2.71N/AN/AN/AN/AN/AN/AN/AN/A
VTEX
VTEX
$1.30B$7.03$10.0042.25%Strong Buy619.00%N/AN/AN/A
SEMR
SEMRUSH HOLDINGS INC
$2.29B$15.74$14.67-6.82%Buy616.45%N/AN/AN/A
BRZE
BRAZE INC
$4.23B$41.94$65.0054.98%Strong Buy1421.01%N/AN/AN/A
MANH
MANHATTAN ASSOCIATES INC
$14.09B$228.78$245.837.45%Buy67.03%N/AN/AN/A
FRSH
FRESHWORKS INC
$4.08B$13.64$21.8059.82%Buy1015.79%N/AN/AN/A
YOU
CLEAR SECURE INC
$2.50B$17.29$28.7566.28%Hold413.86%3.45%N/AN/A
CXM
SPRINKLR INC
$3.42B$12.51$16.7834.12%Strong Buy911.32%N/AN/AN/A
TEAM
ATLASSIAN CORP
$46.78B$179.72$232.3129.26%Buy1314.23%N/AN/AN/A
ZENV
ZENVIA INC
$96.33M$2.30N/AN/AN/AN/A17.32%N/AN/AN/A
MTTR
MATTERPORT INC
$1.41B$4.49$5.1314.14%Hold411.56%N/AN/AN/A
PHUN
PHUNWARE INC
$57.33M$6.93$22.50224.68%Strong Buy2499.40%N/AN/AN/A
TRAK
REPOSITRAK INC
$312.90M$17.17N/AN/AN/AN/AN/AN/AN/AN/A
PYCR
PAYCOR HCM INC
$2.50B$14.03$24.6075.34%Buy1010.04%N/AN/AN/A
PALT
PALTALK INC
$29.60M$3.21$4.5040.19%Strong Buy1N/AN/AN/AN/A
INLX
INTELLINETICS INC
$32.70M$7.95N/AN/AN/AN/A7.40%N/AN/AN/A
DAVE
DAVE INC
$617.21M$49.83$70.0040.48%Buy217.64%N/A3.11%1.68%
FROG
JFROG LTD
$3.59B$33.10$44.3333.94%Strong Buy918.87%N/AN/AN/A
NRDY
NERDY INC
$358.42M$2.04$4.25108.33%Buy318.58%N/AN/AN/A
TROO
TROOPS INC
$102.92M$1.01N/AN/AN/AN/AN/AN/AN/AN/A
PEGA
PEGASYSTEMS INC
$5.35B$62.88$75.4319.96%Buy76.05%N/AN/AN/A
CCRD
CORECARD CORP
$114.01M$13.97N/AN/AN/AN/A-5.33%N/AN/AN/A
BSY
BENTLEY SYSTEMS INC
$16.94B$56.46$60.607.33%Strong Buy58.98%-27.43%29.94%8.32%
FRGE
FORGE GLOBAL HOLDINGS INC
$324.06M$1.79$5.25193.30%Buy216.53%N/AN/AN/A
EB
EVENTBRITE INC
$511.80M$5.27$10.0089.75%Strong Buy612.52%N/AN/AN/A
AZPN
ASPEN TECHNOLOGY INC
$14.05B$221.94$219.50-1.10%Strong Buy4N/AN/AN/AN/A
PRGS
PROGRESS SOFTWARE CORP
$2.22B$51.42$65.2526.90%Strong Buy42.37%N/AN/AN/A
DOCU
DOCUSIGN INC
$12.37B$60.22$64.777.56%Hold136.12%-12.64%N/AN/A
CWAN
CLEARWATER ANALYTICS HOLDINGS INC
$4.76B$19.39$21.008.30%Buy517.09%N/AN/AN/A
CRM
SALESFORCE INC
$277.04B$285.61$332.2116.32%Strong Buy2410.24%-4.43%N/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 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. 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 55 points higher than the app industry average of 16. It passed 5 out of 7 valuation due diligence checks.

Mind Cti's stock has dropped -2.33% in the past year. It has underperformed other stocks in the app industry by -36 percentage points.

2. Karooooo (NASDAQ:KARO)


Karooooo (NASDAQ:KARO) is the second 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.

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 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.

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.