Sectors & IndustriesTechnologyComputer Hardware

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.

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

Logitech International Sa (NASDAQ:LOGI) is the top computer hardware stock with a Zen Score of 71, which is 42 points higher than the computer hardware industry average of 29. It passed 26 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 36.31% over the past year, underperforming other computer hardware stocks by -91 percentage points.

Logitech International Sa has an average 1 year price target of $96.17, an upside of 22.93% from Logitech International Sa's current stock price of $78.23.

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

Arista Networks (NYSE:ANET) is the second best computer hardware stock with a Zen Score of 63, which is 34 points higher than the computer hardware industry average of 29. It passed 21 out of 33 due diligence checks and has strong fundamentals. Arista Networks has seen its stock return 56.79% over the past year, underperforming other computer hardware stocks by -71 percentage points.

Arista Networks has an average 1 year price target of $300.46, an upside of 22.4% from Arista Networks's current stock price of $245.47.

Arista Networks stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Arista Networks, 61.54% have issued a Strong Buy rating, 23.08% have issued a Buy, 7.69% have issued a hold, while 0% have issued a Sell rating, and 7.69% have issued a Strong Sell.

Cricut (NASDAQ:CRCT) is the third best computer hardware stock with a Zen Score of 52, which is 23 points higher than the computer hardware industry average of 29. It passed 16 out of 33 due diligence checks and has strong fundamentals. Cricut has seen its stock lose -44.03% over the past year, underperforming other computer hardware stocks by -172 percentage points.

Cricut has an average 1 year price target of $5.09, a downside of -2.15% from Cricut's current stock price of $5.20.

Cricut stock has a consensus Sell recommendation according to Wall Street analysts. Of the 4 analysts covering Cricut, 0% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 50% 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 3.89%, which is 2 percentage points higher than the computer hardware industry average of 1.78%. 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 30.7% indicates that its dividend yield is sustainable for the long-term.

Netapp (NASDAQ:NTAP) has an annual dividend yield of 2.04%, which is the same as the computer hardware industry average of 1.78%. 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 44.5% indicates that its dividend yield is sustainable for the long-term.

Logitech International Sa (NASDAQ:LOGI) has an annual dividend yield of 1.49%, which is the same as the computer hardware industry average of 1.78%. 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 37.7% indicates that its dividend yield is sustainable for the long-term.

Computer hardware stocks were up 0.69% in the last day, and down -11.02% over the last week. Canaan was the among the top gainers in the computer hardware industry, gaining 23.67% yesterday.

Canaan shares are trading higher after company executives announced their intention to purchase $2 million of the company's shares.

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 71, which is 46 points higher than the computer hardware industry average of 25. It passed 5 out of 7 valuation due diligence checks.

Key Tronic's stock has dropped -34.86% in the past year. It has underperformed other stocks in the computer hardware industry by -162 percentage points.

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 46 points higher than the computer hardware industry average of 25. It passed 5 out of 7 valuation due diligence checks.

Logitech International Sa's stock has gained 36.31% in the past year. It has underperformed other stocks in the computer hardware industry by -91 percentage points.

Cricut (NASDAQ:CRCT) is the third most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Cricut has a valuation score of 71, which is 46 points higher than the computer hardware industry average of 25. It passed 5 out of 7 valuation due diligence checks.

Cricut's stock has dropped -44.03% in the past year. It has underperformed other stocks in the computer hardware industry by -172 percentage points.