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Best Computer Hardware Stocks to Buy Now (2023)

Top computer hardware stocks in 2023 ranked by overall Zen Score. See the best computer hardware stocks to buy now, according to analyst forecasts for the computer hardware industry.

According to Zen Score, the 3 best computer hardware stocks to buy right now are:

Arista Networks (NYSE:ANET) is the top computer hardware stock with a Zen Score of 53, which is 22 points higher than the computer hardware industry average of 31. It passed 18 out of 33 due diligence checks and has strong fundamentals. Arista Networks has seen its stock return 60.21% over the past year, overperforming other computer hardware stocks by 11 percentage points.

Arista Networks has an average 1 year price target of $204.25, an upside of 11.76% from Arista Networks's current stock price of $182.75.

Arista Networks stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Arista Networks, 62.5% have issued a Strong Buy rating, 25% have issued a Buy, 12.5% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Netapp (NASDAQ:NTAP) is the second best computer hardware stock with a Zen Score of 53, which is 22 points higher than the computer hardware industry average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Netapp has seen its stock return 14.75% over the past year, underperforming other computer hardware stocks by -34 percentage points.

Netapp has an average 1 year price target of $79.87, an upside of 4.98% from Netapp's current stock price of $76.08.

Netapp stock has a consensus Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Netapp, 20% have issued a Strong Buy rating, 20% have issued a Buy, 53.33% have issued a hold, while 6.67% have issued a Sell rating, and 0% have issued a Strong Sell.

Logitech International Sa (NASDAQ:LOGI) is the third best computer hardware stock with a Zen Score of 52, which is 21 points higher than the computer hardware industry average of 31. It passed 19 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 51.09% over the past year, overperforming other computer hardware stocks by 2 percentage points.

Logitech International Sa has an average 1 year price target of $74.60, an upside of 3.9% from Logitech International Sa's current stock price of $71.80.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Logitech International Sa, 20% have issued a Strong Buy rating, 0% have issued a Buy, 80% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 4 computer hardware stocks that have issued dividends in the past year, the 3 computer hardware stocks with the highest dividend yields are:

Hp (NYSE:HPQ) has an annual dividend yield of 3.88%, which is 2 percentage points higher than the computer hardware industry average of 2.36%. Hp's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Hp's dividend has shown consistent growth over the last 10 years.

Hp's dividend payout ratio of 44% indicates that its dividend yield is sustainable for the long-term.

Netapp (NASDAQ:NTAP) has an annual dividend yield of 2.63%, which is the same as the computer hardware industry average of 2.36%. Netapp's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Netapp's dividend has shown consistent growth over the last 10 years.

Netapp's dividend payout ratio of 35.7% indicates that its dividend yield is sustainable for the long-term.

Dell Technologies (NYSE:DELL) has an annual dividend yield of 1.55%, which is -1 percentage points lower than the computer hardware industry average of 2.36%.

Dell Technologies's dividend payout ratio of 52.8% indicates that its dividend yield is sustainable for the long-term.

Computer hardware stocks were down -0.9% in the last day, and down -4.08% over the last week.

We couldn't find a catalyst for why computer hardware stocks are down.

Based on WallStreetZen's Valuation Score, the 3 most undervalued computer hardware stocks right now are:

Key Tronic (NASDAQ:KTCC) is the most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Key Tronic has a valuation score of 86, which is 60 points higher than the computer hardware industry average of 26. It passed 6 out of 7 valuation due diligence checks.

Key Tronic's stock has dropped -3.34% in the past year. It has underperformed other stocks in the computer hardware industry by -52 percentage points.

Agm Group Holdings (NASDAQ:AGMH) is the second most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Agm Group Holdings has a valuation score of 71, which is 45 points higher than the computer hardware industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Agm Group Holdings's stock has dropped -11.89% in the past year. It has underperformed other stocks in the computer hardware industry by -61 percentage points.

Hp (NYSE:HPQ) is the third most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Hp has a valuation score of 57, which is 31 points higher than the computer hardware industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Hp's stock has gained 2.31% in the past year. It has underperformed other stocks in the computer hardware industry by -46 percentage points.