Stock themes

Software stocks with high potential

Software stocks are shares in companies that sell programs and digital services, usually by subscription. It is the largest theme on the US market and the most varied: the same heading holds profitable giants and loss-making growth companies whose value sits entirely in expectations. Below, our model ranks every US-listed software stock by score and momentum, updated after each close.

96
Stocks
54
Average momentum
9
Rated strong
Stock Momentum Score To target
Science Applications International CorporationStrong 96 239 -9%
Roper Technologies, IncStrong 84 238 +1%
GigaCloud Technology Inc Class A Ordinary SharesStrong 95 236 +5%
PagerDuty, IncStrong 99 232 -27%
StoneCo LtdStrong 53 232 +33%
OneSpan IncStrong 99 225 -10%
ACI Worldwide, IncStrong 84 220 +15%
Zoom Video Communications, IncStrong 64 219 +23%
Joint Stock Company Kaspi.kzStrong 68 211 +15%
Nutanix, IncAverage 93 209 +10%
Microsoft CorporationAverage 90 206 +14%
Automatic Data Processing, IncAverage 96 205 -5%
VeriSign, IncAverage 85 205 +9%
Adobe Systems IncorporatedAverage 49 203 +3%
Cognizant Technology Solutions CorporationAverage 75 203 -6%
NetScout Systems, IncAverage 75 198 +9%
Check Point Software Technologies LtdAverage 62 197 -7%
Ingram Micro Holding CorporationAverage 71 196 +17%
Paycom Software, IncAverage 99 195 -18%
Palantir Technologies IncAverage 92 192 +4%
Okta, IncAverage 99 186 0%
DocuSign, IncAverage 99 185 -17%
Fortinet, IncAverage 95 185 -6%
Fidelity National Information Services, IncAverage 26 180 +26%
salesforce.com, incAverage 88 178 +15%
Five9, IncAverage 98 174 -2%
Workday, IncAverage 85 173 -1%
Grid Dynamics Holdings, IncAverage 80 170 +8%
nCino, IncAverage 77 166 +5%
International Business Machines CorporationAverage 56 164 -4%
Shopify IncAverage 94 164 +4%
Sabre CorpoAverage 28 162 +38%
Uber Technologies, IncAverage 36 161 +51%
Atlassian Corporation PlcAverage 99 157 -1%
Intuit IncAverage 25 156 +18%
Twilio IncAverage 92 155 +3%
Chime Financial, Inc.Average 73 155 +34%
Bill.com Holdings, IncAverage 78 154 +12%
Sprinklr, Inc.Average 64 152 +26%
Duolingo Inc. Class A Common StockAverage 24 152 -5%
Concentrix CorporationAverage 58 151 -1%
UiPath IncAverage 50 150 +9%
Zeta Global Holdings Corp.Weak 98 147 +12%
Fair Isaac CorporationWeak 14 144 +26%
Toast, Inc.Weak 65 142 +18%
eGain CorporationWeak 11 141 +11%
Digital Turbine, IncWeak 51 137 +72%
Datadog, IncWeak 95 136 +7%
Synopsys, IncWeak 62 136 +35%
Oracle CorporationWeak 18 134 +88%
Mobility Global Inc.Weak 45 133 +25%
ServiceNow, IncWeak 86 132 -4%
Penguin Solutions, Inc.Weak 50 130 +60%
Pegasystems IncWeak 29 129 +14%
CrowdStrike Holdings, IncWeak 98 125 -4%
GitLab Inc. Class A Common StockWeak 99 125 -1%
Palo Alto Networks, IncWeak 93 122 +4%
Cadence Design Systems, IncWeak 55 121 +28%
Zscaler, IncWeak 87 120 -8%
Grab Holdings Limited Class A Ordinary SharesWeak 17 118 +98%
Cloudflare, IncWeak 90 116 +5%
SentinelOne, IncWeak 94 115 +3%
Innodata IncWeak 24 109 +106%
monday.com Ltd. Ordinary SharesWeak 31 107 +1%
Unity Software IncWeak 73 105 +23%
Snowflake IncWeak 87 102 +30%
MongoDB, IncWeak 58 101 +21%
Akamai Technologies, IncWeak 26 97 +69%
Fastly, IncWeak 57 96 +17%
Telos CorporationWeak 36 94 +30%
HubSpot, IncWeak 33 92 -8%
Rackspace Technology, IncWeak 12 92 +68%
PAR Technology CorporationWeak 20 89 +39%
Klaviyo Inc.Weak 46 89 +24%
C3.ai, IncWeak 58 79 -28%
Sportradar Group AG Class A Ordinary SharesWeak 17 76 +51%
Wix.com LtdWeak 34 73 -2%
Unisys CorporationWeak 24 72 +90%
MicroStrategy IncorporatedWeak 29 62 +63%
Datavault AI Inc.Weak 0 62 no target
Applied Digital CorporationWeak 9 43 no target
Bitdeer Technologies Group Class A Ordinary SharesWeak 6 41 +218%
BigBearai Holdings IncWeak 6 40 +86%
Core Scientific IncWeak 13 38 +149%
Rezolve AI Limited Ordinary SharesWeak 6 36 no target
CoreWeave, Inc. Class A Common StockWeak 10 34 +155%
Xanadu Quantum Technologies Limited Class B Subordinate Voting SharesWeak 1 28 no target
New Era Energy & DigitalWeak 7 27 no target
Pony AI Inc. American Depositary SharesWeak 4 25 no target
Infleqtion, Inc.Weak 12 24 +133%
Cipher Mining IncWeak 4 23 no target
SoundHound AI Inc.Weak 5 23 +183%
Quantinuum Inc. Class A Common StockWeak 14 23 +162%
SharonAI Holdings, Inc. Class A Common StockWeak 4 22 no target
Quantum eMotion Corp.Weak 5 19 no target
Aeva Technologies IncWeak 8 12 +185%

What counts as a software stock?

The theme spans the whole range. Zoom and Nutanix sell subscriptions to businesses; Science Applications International works largely for government; Sabre runs infrastructure for travel booking; PagerDuty and OneSpan are smaller specialists. The differences matter: a company whose customers renew every year behaves very differently from one selling a project at a time.

What moves software stocks?

Growth versus profit. The market pays for growth, and punishes it fast when growth slows — even if profit is fine. A single guidance cut can reset the valuation.

Renewals. The whole model rests on customers staying. Net retention says more about the business than a quarter of new sales does.

Interest rates. Value that lies far in the future is worth less when rates rise. That is why the most expensive software names moved hardest when rates changed.

Dilution. Paying staff in shares is normal here, and it costs existing owners a slice of the company even when nothing else changes.

Questions and answers

Why do software stocks fall so hard when rates rise?

Because much of their value is earnings expected years out. A higher discount rate makes distant profit worth less today, and the more of the value that sits in the future, the bigger the effect.

What is the difference between a subscription and a licence?

A subscription is paid continuously and has to be renewed; a licence is bought once. Subscription revenue is more predictable, which the market usually rewards — but it also means a company can lose a customer base gradually rather than all at once.

Why do some software companies score low on quality even when they grow?

The quality score measures how soundly a company is run, compared with every other stock. A company spending heavily to grow, without profit yet, will score low — that is what the number is meant to show, not a judgement on the product.

How often is the list updated?

After every close. Score, momentum and price targets are recalculated automatically, so the order always reflects the latest trading day.

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