Equity Rank covers 114 Application Software companies; 93 have a published model fair value, and 26 of those (28%) trade below the model estimate. The median model fair value sits 11.8% below the current price, under these model assumptions. Data as of 2026-10-22.
| Ticker | Company | Price | Model fair value | Gap |
|---|---|---|---|---|
| SAP | SAP SE ADR | $240.59 | Not published | — |
| SHOP | Shopify Inc | $168.81 | $96.08 | -43.1% |
| CRM | Salesforce.com Inc | $250.29 | $305.44 | +22.0% |
| NOW | ServiceNow Inc | $157.00 | $107.13 | -31.8% |
| UBER | Uber Technologies Inc | $69.00 | $56.17 | -18.6% |
| ADP | Automatic Data Processing Inc | $307.94 | $261.74 | -15.0% |
| SNOW | Snowflake Inc. | $313.96 | $270.79 | -13.8% |
| ADBE | Adobe Inc. | $270.55 | $278.44 | +2.9% |
| DDOG | Datadog Inc | $257.75 | $228.04 | -11.5% |
| INTU | Intuit Inc | $354.90 | $420.24 | +18.4% |
| CDNS | Cadence Design Systems Inc | $309.65 | $209.34 | -32.4% |
| MSTR | MicroStrategy Incorporated | $145.80 | Not published | — |
| TEAM | Atlassian Corp Plc | $223.16 | $188.00 | -15.8% |
| ADSK | Autodesk Inc | $254.95 | $232.19 | -8.9% |
| WDAY | Workday Inc | $209.99 | $190.61 | -9.2% |
| PAYX | Paychex Inc | $118.81 | $119.79 | +0.8% |
| ROP | Roper Technologies Inc | $436.23 | $419.48 | -3.8% |
| ZM | Zoom Video Communications Inc | $96.20 | $84.89 | -11.8% |
| PTC | PTC Inc | $194.00 | $142.33 | -26.6% |
| SSNC | SS&C Technologies Holdings Inc | $89.54 | $110.45 | +23.4% |
| DT | Dynatrace Holdings LLC | $63.37 | $49.87 | -21.3% |
| U | Unity Software Inc | $40.27 | $27.61 | -31.4% |
| FICO | Fair Isaac Corporation | $823.27 | $944.40 | +14.7% |
| TYL | Tyler Technologies Inc | $392.45 | $252.95 | -35.5% |
| DOCU | DocuSign Inc | $84.41 | $41.84 | -50.4% |
| GWRE | Guidewire Software Inc | $189.64 | $116.22 | -38.7% |
| MANH | Manhattan Associates Inc | $242.17 | $143.00 | -41.0% |
| HUBS | HubSpot Inc | $266.64 | $144.01 | -46.0% |
| FIG | Figma, Inc. | $24.10 | $19.19 | -20.4% |
| PAYC | Paycom Software, Inc. | $272.61 | $274.80 | +0.8% |
| CHYM | Chime Financial, Inc. Class A Common Stock | $30.16 | $28.08 | -6.9% |
| BSY | Bentley Systems Inc | $39.41 | $30.66 | -22.2% |
| FROG | Jfrog Ltd | $93.89 | $82.92 | -11.7% |
| ESTC | Elastic NV | $98.21 | $109.06 | +11.1% |
| PCTY | Paylocity Holding Corporation | $177.67 | $154.01 | -13.3% |
| YMM | Full Truck Alliance Co Ltd ADR | $8.35 | Not published | — |
| PCOR | Procore Technologies Inc | $62.29 | $51.17 | -17.9% |
| IDCC | InterDigital Inc | $332.06 | $288.74 | -13.1% |
| APPF | Appfolio Inc | $217.33 | $147.47 | -32.1% |
| TTAN | ServiceTitan, Inc. Class A Common Stock | $85.20 | $68.92 | -19.1% |
| DSGX | Descartes Systems Group Inc | $94.00 | $79.99 | -14.9% |
| RNG | Ringcentral Inc | $79.42 | $69.80 | -12.1% |
| NICE | Nice Ltd ADR | $117.15 | $140.76 | +20.1% |
| LYFT | LYFT Inc | $17.43 | $17.94 | +2.9% |
| DUOL | Duolingo Inc | $141.39 | $133.13 | -5.8% |
| CVLT | CommVault Systems Inc | $167.81 | $95.65 | -43.0% |
| OTEX | Open Text Corp | $27.94 | $41.92 | +50.0% |
| PEGA | Pegasystems Inc | $36.65 | $23.69 | -35.4% |
| KVYO | Klaviyo, Inc. | $20.59 | $15.67 | -23.9% |
| BRZE | Braze Inc | $45.86 | $38.64 | -15.7% |
| YOU | Clear Secure Inc | $45.62 | $52.72 | +15.6% |
| DAVE | Dave Inc | $382.39 | $381.14 | -0.3% |
| CCC | CCC Intelligent Solutions Holdings Inc. | $7.64 | $5.65 | -26.1% |
| MNDY | Monday.Com Ltd | $106.86 | $103.98 | -2.7% |
| BILL | Bill Com Holdings Inc | $50.67 | Not published | — |
| QTWO | Q2 Holdings | $69.34 | $59.47 | -14.2% |
| FRSH | Freshworks Inc | $15.32 | $14.27 | -6.8% |
| SRAD | Sportradar Group AG | $11.99 | Not published | — |
| LIF | Life360, Inc. Common Stock | $46.46 | $42.39 | -8.8% |
| FSLY | Fastly, Inc. Class A Common Stock | $22.45 | $19.90 | -11.4% |
| NATL | NCR Atleos Corporation | $47.19 | $57.44 | +21.7% |
| INTA | Intapp Inc | $47.18 | $38.20 | -19.0% |
| AGYS | Agilysys Inc | $120.07 | $59.93 | -50.1% |
| BULL | Webull Corp | $5.91 | $4.76 | -19.5% |
| SPSC | SPS Commerce Inc | $91.94 | $73.18 | -20.4% |
| VIA | Via Transportation, Inc. | $35.71 | $33.36 | -6.6% |
| ALRM | Alarm.com Holdings Inc | $62.49 | $51.43 | -17.7% |
| KC | Kingsoft Cloud Holdings Ltd | $8.11 | Not published | — |
| ADEA | ADEIA CORP | $21.33 | $25.05 | +17.4% |
| ASAN | Asana Inc | $11.50 | Not published | — |
| PLUS | ePlus inc | $96.15 | $96.37 | +0.2% |
| GRND | Grindr Inc | $14.10 | $18.09 | +28.3% |
| BLKB | Blackbaud Inc | $56.48 | $50.94 | -9.8% |
| VERX | Vertex | $15.32 | $13.75 | -10.3% |
| DBD | Diebold Nixdorf, Incorporated | $69.26 | $74.13 | +7.0% |
| NCNO | nCino Inc | $23.34 | $19.51 | -16.4% |
| BTDR | Bitdeer Technologies Group Class A Ordinary Shares | $7.28 | Not published | — |
| AMPL | Amplitude Inc | $17.06 | $14.03 | -17.8% |
| KARO | Karooooo Ltd | $63.65 | Not published | — |
| BL | Blackline Inc | $34.37 | $23.65 | -31.2% |
| PDFS | PDF Solutions Inc | $39.47 | $25.23 | -36.1% |
| EVCM | EverCommerce Inc | $9.26 | $8.31 | -10.3% |
| ALKT | Alkami Technology Inc | $15.95 | $13.31 | -16.6% |
| CXM | Sprinklr Inc | $6.69 | $5.58 | -16.6% |
| LSPD | Lightspeed Commerce Inc | $11.21 | $11.03 | -1.6% |
| PD | Pagerduty Inc | $17.23 | $13.09 | -24.0% |
| DFIN | Donnelley Financial Solutions Inc | $55.99 | $46.98 | -16.1% |
| RDVT | Red Violet Inc | $78.09 | $53.69 | -31.3% |
| APPS | Digital Turbine Inc | $9.96 | Not published | — |
| RSKD | Riskified Ltd | $8.92 | $7.94 | -11.0% |
| IBTA | Ibotta, Inc. | $48.90 | $42.02 | -14.1% |
| UPBD | Upbound Group Inc. | $17.37 | $21.53 | +23.9% |
| DSP | Viant Technology Inc | $13.60 | $12.94 | -4.8% |
| YALA | Yalla Group Ltd | $5.64 | $9.29 | +64.7% |
| PUBM | Pubmatic Inc | $17.17 | $16.41 | -4.4% |
| MITK | Mitek Systems, Inc. | $17.86 | $20.30 | +13.7% |
| SMWB | SimilarWeb Ltd | $8.82 | Not published | — |
| DJCO | Daily Journal Corp | $573.19 | $690.02 | +20.4% |
| MNTN | MNTN, Inc. | $9.86 | $16.59 | +68.3% |
| SPT | Sprout Social Inc | $13.11 | Not published | — |
| DCBO | Docebo Inc | $30.52 | $33.34 | +9.2% |
| PAR | PAR Technology Corporation | $18.17 | Not published | — |
| OOMA | Ooma Inc | $19.69 | $17.20 | -12.7% |
| YB | Yuanbao Inc. American Depositary Shares | $11.30 | Not published | — |
| MTLS | Materialise NV | $8.53 | Not published | — |
| NRDY | Nerdy Inc | $5.81 | Not published | — |
| ALIT | Alight Inc | $9.58 | Not published | — |
| CRNC | Cerence Inc | $8.65 | Not published | — |
| MFI | mF International Limited Ordinary Shares | $8.36 | Not published | — |
| AZ | A2Z Smart Technologies Corp | $5.73 | $5.76 | +0.5% |
| XPER | Xperi Corp | $5.21 | $7.06 | +35.5% |
| SVCO | Silvaco Group, Inc. Common Stock | $6.06 | Not published | — |
| DUOT | Duos Technologies Group Inc | $5.99 | $7.38 | +23.2% |
| DMRC | Digimarc Corporation | $7.20 | Not published | — |
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