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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
ANET
ARISTA NETWORKS INC
$103.59B$330.56$335.711.56%Strong Buy1712.56%4.21%35.78%26.66%
LOGI
LOGITECH INTERNATIONAL SA
$13.64B$88.92$93.835.53%Hold63.43%4.18%30.14%18.67%
SMCI
SUPER MICRO COMPUTER INC
$46.66B$796.78$1.05k31.63%Buy1231.30%15.25%N/AN/A
PSTG
PURE STORAGE INC
$19.22B$59.10$71.0020.14%Buy1810.40%52.25%19.17%7.27%
NTAP
NETAPP INC
$25.98B$126.22$124.07-1.70%Buy144.62%13.11%129.03%14.96%
IONQ
IONQ INC
$1.57B$7.43$14.7598.52%Buy284.59%N/A-43.63%-38.49%
YIBO
PLANET IMAGE INTERNATIONAL LTD
$97.53M$1.81N/AN/AN/AN/AN/AN/AN/AN/A
CRCT
CRICUT INC
$1.29B$5.94$5.25-11.62%Sell30.41%7.21%16.08%12.28%
HPQ
HP INC
$36.35B$37.15$34.56-6.98%Buy92.86%10.88%-413.43%10.12%
RGTI
RIGETTI COMPUTING INC
$178.80M$1.04$3.17204.52%Strong Buy3182.35%N/A-29.75%-21.21%
NNDM
NANO DIMENSION LTD
$546.39M$2.29N/AN/AN/AN/AN/AN/AN/AN/A
ALOT
ASTRONOVA INC
$111.20M$14.80N/AN/AN/AN/AN/AN/AN/AN/A
DELL
DELL TECHNOLOGIES INC
$89.22B$125.79$155.1723.35%Strong Buy126.98%30.26%-282.01%9.92%
EBON
EBANG INTERNATIONAL HOLDINGS INC
$41.23M$6.30N/AN/AN/AN/AN/AN/AN/AN/A
DM
DESKTOP METAL INC
$177.09M$5.36$5.502.61%Hold116.10%N/AN/AN/A
RCAT
RED CAT HOLDINGS INC
$136.68M$1.84$4.00117.39%Strong Buy1N/AN/A-34.46%-30.89%
QUBT
QUANTUM COMPUTING INC
$61.12M$0.67N/AN/AN/AN/AN/AN/AN/AN/A
CRSR
CORSAIR GAMING INC
$890.47M$8.57$15.0075.03%Buy39.69%N/A14.25%7.52%
SCKT
SOCKET MOBILE INC
$8.60M$1.14N/AN/AN/AN/AN/AN/AN/AN/A
SSYS
STRATASYS LTD
$648.05M$9.20$16.3377.53%Strong Buy35.52%N/AN/AN/A
MKFG
MARKFORGED HOLDING CORP
$78.73M$0.39$1.30232.48%Strong Buy110.95%N/A-31.49%-17.39%
OSS
ONE STOP SYSTEMS INC
$47.69M$2.28$5.25130.26%Strong Buy26.93%N/A-3.82%-3.03%
DDD
3D SYSTEMS CORP
$497.71M$3.73$8.25121.18%Strong Buy13.57%N/AN/AN/A
QBTS
D-WAVE QUANTUM INC
$174.70M$1.02$3.00194.12%Strong Buy431.47%N/AN/A-119.81%
WDC
WESTERN DIGITAL CORP
$22.80B$69.82$89.0627.55%Strong Buy1818.41%N/A10.03%4.27%
TACT
TRANSACT TECHNOLOGIES INC
$38.98M$3.90$7.5092.31%Buy1-25.98%N/A-7.26%-5.39%
VLD
VELO3D INC
$23.61M$2.79N/AN/AN/AN/AN/AN/AN/AN/A
QMCO
QUANTUM CORP
$36.33M$0.38N/AN/AN/AN/A20.55%N/AN/AN/A
SGE
STRONG GLOBAL ENTERTAINMENT INC
$12.60M$1.60N/AN/AN/AN/AN/AN/AN/AN/A
INVE
IDENTIV INC
$92.59M$3.96$8.75120.96%Strong Buy2-7.60%N/A-22.33%-15.39%
AGMH
AGM GROUP HOLDINGS INC
$12.81M$0.49N/AN/AN/AN/AN/AN/AN/AN/A
KTCC
KEY TRONIC CORP
$40.36M$3.75N/AN/AN/AN/AN/AN/AN/AN/A
CAN
CANAAN INC
$360.53M$1.21$3.00147.93%Buy1N/AN/A-972.09%-749.36%
UAVS
AGEAGLE AERIAL SYSTEMS INC
$4.97M$0.42N/AN/AN/AN/AN/AN/AN/AN/A
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
$21.55B$102.63$102.770.14%Buy1330.45%N/A-86.97%23.15%

Computer Hardware Stocks FAQ

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

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

1. Arista Networks (NYSE:ANET)


Arista Networks (NYSE:ANET) is the top computer hardware stock with a Zen Score of 62, which is 34 points higher than the computer hardware industry average of 28. It passed 21 out of 33 due diligence checks and has strong fundamentals. Arista Networks has seen its stock return 87.54% over the past year, overperforming other computer hardware stocks by 23 percentage points.

Arista Networks has an average 1 year price target of $335.71, an upside of 1.56% from Arista Networks's current stock price of $330.56.

Arista Networks stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Arista Networks, 64.71% have issued a Strong Buy rating, 17.65% have issued a Buy, 11.76% have issued a hold, while 0% have issued a Sell rating, and 5.88% 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 32 points higher than the computer hardware industry average of 28. It passed 21 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 40.25% over the past year, underperforming other computer hardware stocks by -25 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, an upside of 5.53% from Logitech International Sa's current stock price of $88.92.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Logitech International Sa, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 16.67% have issued a Strong Sell.

3. Super Micro Computer (NASDAQ:SMCI)


Super Micro Computer (NASDAQ:SMCI) is the third best computer hardware stock with a Zen Score of 54, which is 26 points higher than the computer hardware industry average of 28. It passed 19 out of 33 due diligence checks and has strong fundamentals. Super Micro Computer has seen its stock return 162.38% over the past year, overperforming other computer hardware stocks by 97 percentage points.

Super Micro Computer has an average 1 year price target of $1,048.83, an upside of 31.63% from Super Micro Computer's current stock price of $796.78.

Super Micro Computer stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Super Micro Computer, 50% have issued a Strong Buy rating, 8.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 8.33% have issued a Strong Sell.

What are the computer hardware stocks with highest dividends?

Out of 3 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 2.93%, which is 2 percentage points higher than the computer hardware industry average of 1.36%. 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 35.9% indicates that its dividend yield is sustainable for the long-term.

2. Netapp (NASDAQ:NTAP)


Netapp (NASDAQ:NTAP) has an annual dividend yield of 1.6%, which is the same as the computer hardware industry average of 1.36%. 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 42.2% 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 1.31%, which is the same as the computer hardware industry average of 1.36%. 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 30% indicates that its dividend yield is sustainable for the long-term.

Why are computer hardware stocks down?

Computer hardware stocks were down -0.6% in the last day, and down -9.39% over the last week. Corsair Gaming was the among the top losers in the computer hardware industry, dropping -11.83% yesterday.

Corsair shares are trading lower after the company reported preliminary financial results below estimates. Also, Baird maintained a Neutral rating on the stock and lowered its price target from $14 to $10.

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. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Logitech International Sa has a valuation score of 71, which is 52 points higher than the computer hardware industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Logitech International Sa's stock has gained 40.25% in the past year. It has underperformed other stocks in the computer hardware industry by -25 percentage points.

2. Corsair Gaming (NASDAQ:CRSR)


Corsair Gaming (NASDAQ:CRSR) is the second most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Corsair Gaming has a valuation score of 43, which is 24 points higher than the computer hardware industry average of 19. It passed 3 out of 7 valuation due diligence checks.

Corsair Gaming's stock has dropped -50.58% in the past year. It has underperformed other stocks in the computer hardware industry by -115 percentage points.

3. Cricut (NASDAQ:CRCT)


Cricut (NASDAQ:CRCT) is the third most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Cricut has a valuation score of 43, which is 24 points higher than the computer hardware industry average of 19. It passed 3 out of 7 valuation due diligence checks.

Cricut's stock has dropped -54.59% in the past year. It has underperformed other stocks in the computer hardware industry by -119 percentage points.

Are computer hardware stocks a good buy now?

47.83% of computer hardware stocks rated by analysts are a strong buy right now. On average, analysts expect computer hardware stocks to rise by 20.26% 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 30.98x.
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.