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Best Computer Hardware Stocks to Buy Now (2024)
Top computer hardware stocks in 2024 ranked by overall Zen Score. See the best computer hardware stocks to buy now, according to analyst forecasts for the computer hardware industry.

Industry: Computer Hardware
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
SMCI
SUPER MICRO COMPUTER INC
$16.22B$27.70$63.44129.03%Hold1247.47%21.98%N/AN/A
LOGI
LOGITECH INTERNATIONAL SA
$12.68B$83.63$91.259.11%Buy42.35%-0.10%32.47%18.81%
ANET
ARISTA NETWORKS INC
$127.27B$405.12$382.64-5.55%Strong Buy1413.22%3.29%35.08%25.44%
PSTG
PURE STORAGE INC
$16.76B$51.15$68.9034.69%Buy198.73%25.83%17.36%6.67%
NTAP
NETAPP INC
$23.84B$116.40$134.4315.49%Buy144.16%10.11%159.59%15.92%
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
$21.50B$101.65$122.9320.94%Buy1519.03%44.74%-183.79%29.97%
IONQ
IONQ INC
$3.29B$15.35$12.00-21.82%Buy466.78%N/A-54.07%-48.41%
YIBO
PLANET IMAGE INTERNATIONAL LTD
$177.27M$3.29N/AN/AN/AN/AN/AN/AN/AN/A
WDC
WESTERN DIGITAL CORP
$23.10B$66.83$92.5038.41%Strong Buy1212.19%103.41%14.19%6.67%
HPQ
HP INC
$35.31B$36.64$34.89-4.78%Hold93.49%15.77%-267.24%9.77%
RGTI
RIGETTI COMPUTING INC
$214.19M$1.12$2.67138.13%Strong Buy337.76%N/A-40.70%-30.62%
CRCT
CRICUT INC
$1.42B$6.57N/AN/AN/AN/A-0.03%4.21%17.85%10.79%
NNDM
NANO DIMENSION LTD
$527.30M$2.21N/AN/AN/AN/AN/AN/AN/AN/A
DM
DESKTOP METAL INC
$162.04M$4.86$5.5013.17%Hold120.68%N/AN/AN/A
QUBT
QUANTUM COMPUTING INC
$105.96M$1.16N/AN/AN/AN/AN/AN/AN/AN/A
DELL
DELL TECHNOLOGIES INC
$93.74B$133.46$146.439.72%Strong Buy146.57%22.46%-244.89%8.57%
OSS
ONE STOP SYSTEMS INC
$47.33M$2.25N/AN/AN/AN/A7.29%N/A-5.76%-4.44%
CRSR
CORSAIR GAMING INC
$716.53M$6.88$10.6054.07%Buy53.98%N/A9.24%4.81%
SCKT
SOCKET MOBILE INC
$8.66M$1.14N/AN/AN/AN/AN/AN/AN/AN/A
SSYS
STRATASYS LTD
$554.12M$7.79$10.7538.00%Buy45.74%N/AN/AN/A
MKFG
MARKFORGED HOLDING CORP
$90.45M$4.45$5.0012.36%Hold16.95%N/A-15.58%-8.64%
QBTS
D-WAVE QUANTUM INC
$219.56M$1.09$2.65143.12%Strong Buy546.16%N/AN/A-91.25%
CAN
CANAAN INC
$390.33M$1.31$2.67103.59%Strong Buy340.07%N/A-129.35%-93.08%
RCAT
RED CAT HOLDINGS INC
$257.90M$3.42$4.0016.96%Strong Buy1N/AN/A-76.67%-65.56%
ALOT
ASTRONOVA INC
$94.38M$12.55N/AN/AN/AN/AN/AN/AN/AN/A
INVE
IDENTIV INC
$82.87M$3.53$7.25105.38%Strong Buy2-38.62%N/A-34.64%-23.05%
TACT
TRANSACT TECHNOLOGIES INC
$42.59M$4.26$7.5076.06%Buy1-11.00%N/A-1.56%-1.19%
DDD
3D SYSTEMS CORP
$458.16M$3.43$3.00-12.54%Buy25.91%N/AN/AN/A
AGMH
AGM GROUP HOLDINGS INC
$48.49M$1.84N/AN/AN/AN/AN/AN/AN/AN/A
EBON
EBANG INTERNATIONAL HOLDINGS INC
$42.73M$6.53N/AN/AN/AN/AN/AN/AN/AN/A
UAVS
AGEAGLE AERIAL SYSTEMS INC
$692.61k$2.31N/AN/AN/AN/AN/AN/AN/AN/A
KTCC
KEY TRONIC CORP
$64.79M$6.02N/AN/AN/AN/AN/AN/AN/AN/A
QMCO
QUANTUM CORP
$19.07M$3.98N/AN/AN/AN/AN/AN/AN/AN/A

Computer Hardware Stocks FAQ

What are the best computer hardware stocks to buy right now in Nov 2024?

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

1. Super Micro Computer (NASDAQ:SMCI)


Super Micro Computer (NASDAQ:SMCI) is the top computer hardware stock with a Zen Score of 70, which is 40 points higher than the computer hardware industry average of 30. It passed 24 out of 33 due diligence checks and has strong fundamentals. Super Micro Computer has seen its stock return 9.66% over the past year, underperforming other computer hardware stocks by -16 percentage points.

Super Micro Computer has an average 1 year price target of $63.44, an upside of 129.03% from Super Micro Computer's current stock price of $27.70.

Super Micro Computer stock has a consensus Hold recommendation according to Wall Street analysts. Of the 12 analysts covering Super Micro Computer, 16.67% have issued a Strong Buy rating, 8.33% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 8.33% have issued a Strong Sell.

2. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the second best computer hardware stock with a Zen Score of 60, which is 30 points higher than the computer hardware industry average of 30. It passed 21 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 6.25% over the past year, underperforming other computer hardware stocks by -20 percentage points.

Logitech International Sa has an average 1 year price target of $91.25, an upside of 9.11% from Logitech International Sa's current stock price of $83.63.

Logitech International Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Logitech International Sa, 25% have issued a Strong Buy rating, 0% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Arista Networks (NYSE:ANET)


Arista Networks (NYSE:ANET) is the third best computer hardware stock with a Zen Score of 53, which is 23 points higher than the computer hardware industry average of 30. It passed 18 out of 33 due diligence checks and has strong fundamentals. Arista Networks has seen its stock return 90.37% over the past year, overperforming other computer hardware stocks by 64 percentage points.

Arista Networks has an average 1 year price target of $382.64, a downside of -5.55% from Arista Networks's current stock price of $405.12.

Arista Networks stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 14 analysts covering Arista Networks, 64.29% have issued a Strong Buy rating, 14.29% have issued a Buy, 14.29% have issued a hold, while 0% have issued a Sell rating, and 7.14% have issued a Strong Sell.

What are the computer hardware stocks with highest dividends?

Out of 5 computer hardware stocks that have issued dividends in the past year, the 3 computer hardware stocks with the highest dividend yields are:

1. Hp (NYSE:HPQ)


Hp (NYSE:HPQ) has an annual dividend yield of 3.01%, which is 1 percentage points higher than the computer hardware industry average of 1.57%. 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 37.8% indicates that its dividend yield is sustainable for the long-term.

2. Netapp (NASDAQ:NTAP)


Netapp (NASDAQ:NTAP) has an annual dividend yield of 1.75%, which is the same as the computer hardware industry average of 1.57%. 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 38.5% indicates that its dividend yield is sustainable for the long-term.

3. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) has an annual dividend yield of 1.39%, which is the same as the computer hardware industry average of 1.57%. Logitech International Sa's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Logitech International Sa's dividend has shown consistent growth over the last 10 years.

Logitech International Sa's dividend payout ratio of 25.6% indicates that its dividend yield is sustainable for the long-term.

Why are computer hardware stocks up?

Computer hardware stocks were up 2.3% in the last day, and down -1.89% over the last week. Canaan was the among the top gainers in the computer hardware industry, gaining 9.17% yesterday.

Shares of crypto-linked stocks are trading higher amid strength in Bitcoin, which reached an all-time high during the US presidential election.

What are the most undervalued computer hardware stocks?

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

1. Planet Image International (NASDAQ:YIBO)


Planet Image International (NASDAQ:YIBO) is the most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Planet Image International has a valuation score of 100, which is 77 points higher than the computer hardware industry average of 23. It passed 7 out of 7 valuation due diligence checks.

2. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the second most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Logitech International Sa has a valuation score of 71, which is 48 points higher than the computer hardware industry average of 23. It passed 5 out of 7 valuation due diligence checks.

Logitech International Sa's stock has gained 6.25% in the past year. It has underperformed other stocks in the computer hardware industry by -20 percentage points.

3. Super Micro Computer (NASDAQ:SMCI)


Super Micro Computer (NASDAQ:SMCI) is the third most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Super Micro Computer has a valuation score of 57, which is 34 points higher than the computer hardware industry average of 23. It passed 4 out of 7 valuation due diligence checks.

Super Micro Computer's stock has gained 9.66% in the past year. It has underperformed other stocks in the computer hardware industry by -16 percentage points.

Are computer hardware stocks a good buy now?

42.86% of computer hardware stocks rated by analysts are a buy right now. On average, analysts expect computer hardware stocks to rise by 12.12% over the next year.

What is the average p/e ratio of the computer hardware industry?

The average P/E ratio of the computer hardware industry is 37.89x.
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.