In this article, we will list the 5 Best Software Application Stocks to Buy Now. Please visit 11 Best Software Application Stocks to Buy Now if you’d like to see an extended list and how we came up with the list of best software application stocks.
5. Strategy Inc. (NASDAQ:MSTR)
Strategy Inc. (NASDAQ:MSTR) is one of the 11 best software application stocks to buy now.
On March 16, Strategy Inc. (NASDAQ:MSTR) provided an update on its bitcoin holdings in a regulatory filing. The company reported that between March 9 and March 15, it purchased 22,337 units of the virtual currency at an average price of $70,194 per unit, or around $1.57 billion. As of March 15, the company owns 761,068 units of the virtual currency, purchased for about $57.61 billion.
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On March 4, Clear Street reduced the firm’s price target on Strategy Inc. (NASDAQ:MSTR) to $198 from $268. The firm maintained its Buy rating on the shares, which still offer a potential upside of almost 32% at the prevailing level.
Clear Street cited persistently lower Bitcoin prices and more conservative yield assumptions for the price target cut. Despite this, the firm remains constructive on the company, highlighting its strong positioning in the digital asset space. The firm also sees potential upside from regulatory developments and expects bitcoin stabilization to support a recovery in the shares.
Strategy Inc. (NASDAQ:MSTR) is a bitcoin treasury company that offers exposure to Bitcoin through equity and fixed income securities. It also delivers AI-enabled enterprise software solutions such as Strategy One and Strategy Mosaic. These allow the company to provide data solutions, intelligence, analytics, and insights to its enterprise customers.
4. Braze Inc. (NASDAQ:BRZE)
Braze Inc. (NASDAQ:BRZE) is one of the 11 best software application stocks to buy now.
On March 12, J.P. Morgan reduced its price target for Braze Inc. (NASDAQ:BRZE) from $45 to $32. The firm reiterated an Overweight rating on the stock, which currently yields an adjusted upside potential of more than 66%.
The downward revision in the target price is based on the potential risk of AI-led disruptions across the segment. The firm still fancies Braze Inc. (NASDAQ:BRZE), given some favorable industry trends in terms of the replacement cycle. Moreover, given the stock’s current valuation range, the firm sees potential for further growth.
Back on February 9, Stifel also reduced the firm’s price target on Braze Inc. (NASDAQ:BRZE) from $45 to $40, resulting in an adjusted upside of almost 108% despite the revision. The firm maintained its Buy rating on the shares.
Stifel noted that recent AI-related announcements have caused a negative sentiment towards Braze Inc. (NASDAQ:BRZE). But it believes that the company still remains a strong long-term play. The firm highlighted its overlooked competitive moat and considers it to be a potential AI winner over time.
Braze Inc. (NASDAQ:BRZE) facilitates communication between brands and consumers across the globe through its customer engagement platform. Some of its services include data ingestion, online notifications, and interstitial messages. The company also helps brands sync and transform consumer data in a structured way.
3. Atlassian Corp. (NASDAQ:TEAM)
Atlassian Corp. (NASDAQ:TEAM) is one of the 11 best software application stocks to buy now.
As of the March 18 closing, consensus sentiment for Atlassian Corp. (NASDAQ:TEAM) was strongly bullish. The stock received coverage from 22 analysts, 19 of whom assigned Buy ratings and 3 of whom gave Hold ratings. With no Sell rating, it has a projected median 1-year price target of $163.40, implying upside potential of more than 115% for investors.
On March 16, BNP Paribas initiated its coverage of Atlassian Corp. (NASDAQ:TEAM). The firm assigned an Outperform rating to the stock and estimated a target price of $95. This results in an upside potential of almost 27% at the prevailing level.
Earlier on March 5, Wells Fargo reflected on OpenAI’s preview release of its Symphony framework. The firm highlighted companies like Atlassian Corp. (NASDAQ:TEAM) and Linear, which are well-positioned to benefit from the framework, given their control over workflow processes such as approvals and tracking. The firm stated:
“Rather than replacing these systems, Symphony illustrates how AI can be embedded within them as an extension of existing workflow control.”
Comments from Wells Fargo clearly indicate how AI can be embedded into existing platforms as an extension of workflow control, enabling more seamless integration of AI-driven decision-making within current enterprise tools.
Atlassian Corp. (NASDAQ:TEAM) delivers collaboration, project management, and IT service tools that help enterprises in integrating their teams through a subscription-based model. Some of its offerings include Jira, Confluence, Trello, and Loom. The company covers a broad set of solutions such as project management, document sharing, video communication tools, service management, and Chat & Agent capabilities.
2. WeRide Inc. (NASDAQ:WRD)
WeRide Inc. (NASDAQ:WRD) is one of the 11 best software application stocks to buy now.
On March 17, during NVIDIA’s GTC 2026 event, WeRide Inc. (NASDAQ:WRD) exhibited its Robotaxi GXR, highlighting its continued push in the autonomous vehicle space and global expansion efforts. Commenting on the advancement, the company stated:
“WeRide Inc. (NASDAQ:WRD) showcased its Robotaxi GXR at NVIDIA (NVDA) GTC 2026 today, expanding the model’s global appearance. Building on the strategic partnership with Grab, Southeast Asia’s leading superapp and a WeRide shareholder, WeRide looks forward to introducing the vehicle across key Southeast Asian markets over time.”
On March 13, WeRide Inc. (NASDAQ:WRD) announced that during meetings held in Guangzhou, China, during the first week of February, all motions put forth in the notices of the extraordinary general meeting, Class A meeting, and Class B meeting were approved.
All corporate authorizations and activities were deemed to be accepted upon adoption of the resolutions. The memorandum and articles of association of the company were also amended and restated. Moreover, the directors were given unconditional and broad mandates to distribute, issue, and deal with more of the treasury and Class A ordinary shares. The WeRide Inc. 2026 Share Plan was also adopted, and the share repurchase by the company was authorized under specified conditions and specified periods of time.
WeRide Inc. (NASDAQ:WRD) delivers autonomous driving technologies and services across a range of industries. These include logistics, mobility, sanitation, and more. The company offers a ride-hailing app called WeRide Go, and also delivers driving-assistance solutions.
1. Navan Inc. (NASDAQ:NAVN)
Navan Inc. (NASDAQ:NAVN) is one of the 11 best software application stocks to buy now.
On March 17, BMO Capital initiated coverage on Navan Inc. (NASDAQ:NAVN). The firm assigned an Outperform rating to the stock and forecasted a target price of $13. This implies upside potential of more than 41% for investors.
BMO Capital noted that short-term AI impacts on the travel and expense market are smaller than feared and not fully priced into Navan shares. With relatively low adoption in global business travel bookings, the company has meaningful room to capture additional market share, positioning it for growth as the sector continues to expand.
On February 25, Navan Inc. (NASDAQ:NAVN) announced that it had been selected by Darktrace to improve its international travel program. According to David Smith, Chief People Officer at Darktrace, such collaboration comes at a critical time when the company aims to expedite its expansion plans. He stated:
“As Darktrace accelerates its expansion, in-person collaboration is critical. Navan’s inventory and user experience will ensure our teams and customers can easily connect, while we can maintain financial control.”
Navan Inc. (NASDAQ:NAVN) is a travel and expense management business that leverages an AI-enabled platform to streamline the travel experience for consumers. It delivers AI-led payments and expense management services across the entire travel lifecycle. This involves bookings, payment processing, reconciliations, reporting, and more.
While we acknowledge the potential of NAVN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NAVN and that has 100x upside potential, check out our report about the cheapest AI stock.
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