Sectors & IndustriesTechnology
Best Tech Stocks to Buy Now (2024)
Top tech stocks in 2024 ranked by overall Zen Score. See the best tech stocks to buy now, according to analyst forecasts for the technology sector.

Sector: Technology

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
SMCI	SUPER MICRO COMPUTER INC	NASDAQ	Computer Hardware	$22.63B	$386.46	-6.79%	$1.20B	20.10x	0.74
LYTS	LSI INDUSTRIES INC	NASDAQ	Electronic Components	$446.56M	$15.33	-4.01%	$46.19M	15.97x	0.45
FSLR	FIRST SOLAR INC	NASDAQ	Solar	$22.34B	$208.65	-2.85%	$1.68B	18.55x	0.52
NVDA	NVIDIA CORP	NASDAQ	Semiconductors	$2.52T	$102.83	-4.09%	$62.97B	47.67x	0.47
YMM	FULL TRUCK ALLIANCE CO LTD	NYSE	Software - Application	$7.43B	$7.14	1.56%	N/A	19.56x	0.10
LOGI	LOGITECH INTERNATIONAL SA	NASDAQ	Computer Hardware	$12.97B	$84.90	-1.08%	$794.73M	19.08x	0.64
RMBS	RAMBUS INC	NASDAQ	Semiconductors	$4.08B	$37.86	-5.33%	$293.89M	17.77x	0.22
ODD	ODDITY TECH LTD	NASDAQ	Software - Infrastructure	$1.92B	$33.82	-3.23%	$117.66M	22.25x	0.39
AVNW	AVIAT NETWORKS INC	NASDAQ	Communication Equipment	$317.27M	$25.25	-1.33%	$27.02M	21.96x	0.90
ITRN	ITURAN LOCATION & CONTROL LTD	NASDAQ	Communication Equipment	$541.51M	$27.22	-0.95%	$87.28M	10.63x	0.78
EEFT	EURONET WORLDWIDE INC	NASDAQ	Software - Infrastructure	$4.48B	$99.78	-2.58%	$608.60M	16.49x	3.99
GCT	GIGACLOUD TECHNOLOGY INC	NASDAQ	Software - Infrastructure	$707.72M	$17.11	-7.31%	$147.85M	6.13x	1.94
CTSH	COGNIZANT TECHNOLOGY SOLUTIONS CORP	NASDAQ	Information Technology Services	$37.59B	$75.84	-1.20%	$3.52B	17.28x	0.34
ACLS	AXCELIS TECHNOLOGIES INC	NASDAQ	Semiconductor Equipment & Materials	$3.16B	$96.98	-3.73%	$297.12M	13.25x	0.38
ELTK	ELTEK LTD	NASDAQ	Electronic Components	$73.53M	$10.96	1.01%	$7.88M	11.30x	0.45
PAY	PAYMENTUS HOLDINGS INC	NYSE	Software - Infrastructure	$2.51B	$20.13	-5.18%	$77.28M	74.56x	0.17
PAYS	PAYSIGN INC	NASDAQ	Software - Infrastructure	$221.59M	$4.17	-5.44%	$9.34M	29.79x	5.79
MGIC	MAGIC SOFTWARE ENTERPRISES LTD	NASDAQ	Information Technology Services	$514.07M	$10.47	-2.06%	$76.04M	15.40x	0.87
SIMO	SILICON MOTION TECHNOLOGY CORP	NASDAQ	Semiconductors	$1.90B	$56.92	-2.70%	$82.86M	35.58x	0.37
AEHR	AEHR TEST SYSTEMS	NASDAQ	Semiconductor Equipment & Materials	$392.18M	$13.52	-3.43%	$13.82M	11.76x	0.15
MSFT	MICROSOFT CORP	NASDAQ	Software - Infrastructure	$2.99T	$401.70	-1.64%	$133.01B	33.87x	0.91
AUDC	AUDIOCODES LTD	NASDAQ	Communication Equipment	$292.75M	$9.65	-3.88%	$24.29M	21.44x	0.75
CSGS	CSG SYSTEMS INTERNATIONAL INC	NASDAQ	Software - Infrastructure	$1.38B	$46.67	-0.47%	$194.81M	20.93x	3.95
CLS	CELESTICA INC	NYSE	Electronic Components	$4.87B	$41.03	-10.61%	$681.40M	13.36x	2.26
BMI	BADGER METER INC	NYSE	Scientific & Technical Instruments	$5.61B	$190.61	-0.88%	$177.85M	49.51x	0.39
CXM	SPRINKLR INC	NYSE	Software - Application	$1.95B	$7.71	-1.03%	$92.54M	40.58x	1.10
MPTI	M-TRON INDUSTRIES INC	NYSEMKT	Electronic Components	$93.55M	$33.31	-4.83%	$6.87M	18.51x	0.20
TEL	TE CONNECTIVITY LTD	NYSE	Electronic Components	$43.58B	$143.38	-2.51%	$3.64B	12.81x	0.80
BR	BROADRIDGE FINANCIAL SOLUTIONS INC	NYSE	Information Technology Services	$24.23B	$207.59	-1.55%	$1.29B	35.01x	2.80
DLO	DLOCAL LTD	NASDAQ	Software - Infrastructure	$2.48B	$8.45	-1.52%	$300.00M	18.37x	1.70
GRMN	GARMIN LTD	NYSE	Scientific & Technical Instruments	$34.63B	$180.17	-0.34%	$1.53B	25.09x	0.27
INOD	INNODATA INC	NASDAQ	Information Technology Services	$407.87M	$14.07	-6.26%	$9.57M	127.91x	1.27
TASK	TASKUS INC	NASDAQ	Information Technology Services	$1.08B	$12.16	-8.36%	$163.99M	21.71x	0.93
FN	FABRINET	NYSE	Electronic Components	$7.62B	$210.74	-6.25%	$360.50M	25.79x	0.34
G	GENPACT LTD	NYSE	Information Technology Services	$6.83B	$38.33	0.34%	$780.78M	10.71x	1.22
ONTO	ONTO INNOVATION INC	NYSE	Semiconductor Equipment & Materials	$8.76B	$177.30	-5.52%	$247.58M	52.77x	0.10
DCBO	DOCEBO INC	NASDAQ	Software - Application	$1.22B	$40.12	-6.24%	$16.21M	74.30x	3.09
ASML	ASML HOLDING NV	NASDAQ	Semiconductor Equipment & Materials	$296.00B	$752.79	-5.38%	$9.56B	40.43x	1.77
PSTG	PURE STORAGE INC	NYSE	Computer Hardware	$14.87B	$45.73	-2.58%	$251.64M	152.43x	1.64
AGYS	AGILYSYS INC	NASDAQ	Software - Application	$2.87B	$103.09	-3.84%	$31.15M	27.71x	0.40
EXLS	EXLSERVICE HOLDINGS INC	NASDAQ	Information Technology Services	$5.73B	$35.49	-0.56%	$320.72M	32.86x	0.76
LRCX	LAM RESEARCH CORP	NASDAQ	Semiconductor Equipment & Materials	$95.31B	$733.83	-2.92%	$4.72B	25.19x	1.20
AXIL	AXIL BRANDS INC	NYSEMKT	Consumer Electronics	$32.35M	$5.06	1.20%	$3.25M	8.88x	0.43
QCOM	QUALCOMM INC	NASDAQ	Semiconductors	$176.22B	$158.19	-3.37%	$11.47B	20.28x	1.14
PLAB	PHOTRONICS INC	NASDAQ	Semiconductor Equipment & Materials	$1.39B	$22.00	-3.85%	$294.01M	9.52x	0.22
FEIM	FREQUENCY ELECTRONICS INC	NASDAQ	Communication Equipment	$131.04M	$13.74	-2.55%	$7.59M	23.29x	1.09
ZM	ZOOM VIDEO COMMUNICATIONS INC	NASDAQ	Software - Application	$20.68B	$67.18	-0.07%	$1.26B	23.41x	0.23
APP	APPLOVIN CORP	NASDAQ	Software - Application	$28.27B	$84.57	-4.10%	$1.64B	34.66x	5.47
DSWL	DESWELL INDUSTRIES INC	NASDAQ	Electronic Components	$37.93M	$2.38	-0.21%	$9.34M	4.96x	0.18
IMMR	IMMERSION CORP	NASDAQ	Software - Application	$279.34M	$8.68	-0.69%	$88.34M	4.17x	3.31
TAIT	TAITRON COMPONENTS INC	NASDAQ	Electronics & Computer Distribution	$17.28M	$2.87	0.17%	$2.02M	11.04x	0.05
MCHP	MICROCHIP TECHNOLOGY INC	NASDAQ	Semiconductors	$39.75B	$74.09	-3.47%	$2.74B	29.17x	1.47
ANET	ARISTA NETWORKS INC	NYSE	Computer Hardware	$98.74B	$314.31	-4.30%	$2.91B	39.84x	0.38
YALA	YALLA GROUP LTD	NYSE	Software - Application	$655.95M	$4.09	-0.24%	N/A	4.93x	0.13
CTLP	CANTALOUPE INC	NASDAQ	Information Technology Services	$458.70M	$6.30	-1.41%	$29.21M	39.38x	0.77
FFIV	F5 INC	NASDAQ	Software - Infrastructure	$11.59B	$198.93	-0.93%	$813.70M	21.23x	0.80
ENPH	ENPHASE ENERGY INC	NASDAQ	Solar	$14.71B	$108.65	-3.06%	$239.08M	113.18x	2.58
AMAT	APPLIED MATERIALS INC	NASDAQ	Semiconductor Equipment & Materials	$144.06B	$174.75	-3.05%	$9.08B	19.48x	0.79
OTEX	OPEN TEXT CORP	NASDAQ	Software - Application	$8.42B	$31.38	-1.32%	$2.05B	18.35x	2.38
JKS	JINKOSOLAR HOLDING CO LTD	NYSE	Solar	$919.23M	$17.63	-1.78%	$1.94B	1.92x	5.08
APPF	APPFOLIO INC	NASDAQ	Software - Application	$8.09B	$222.92	-2.35%	$133.32M	63.87x	0.29
TTD	TRADE DESK INC	NASDAQ	Software - Application	$49.31B	$100.31	-3.12%	$439.92M	196.69x	1.15
VSH	VISHAY INTERTECHNOLOGY INC	NYSE	Semiconductors	$2.52B	$18.46	-2.22%	$481.03M	14.89x	0.91
DOX	AMDOCS LTD	NASDAQ	Software - Infrastructure	$9.76B	$84.91	-0.89%	$842.84M	19.39x	0.81
PAGS	PAGSEGURO DIGITAL LTD	NYSE	Software - Infrastructure	$3.10B	$9.40	-3.09%	$1.26B	8.94x	3.64
OLED	UNIVERSAL DISPLAY CORP	NASDAQ	Electronic Components	$8.76B	$184.62	-1.39%	$326.45M	39.53x	0.16
CAMT	CAMTEK LTD	NASDAQ	Semiconductor Equipment & Materials	$3.53B	$77.88	-6.07%	N/A	36.74x	0.68
IBEX	IBEX LTD	NASDAQ	Information Technology Services	$291.96M	$16.96	-1.57%	$71.97M	8.08x	0.82
FI	FISERV INC	NYSE	Information Technology Services	$97.88B	$170.02	-1.44%	$8.46B	29.36x	2.30
DAVA	ENDAVA PLC	NYSE	Software - Infrastructure	$1.77B	$30.43	-0.26%	N/A	33.81x	0.27
BMBL	BUMBLE INC	NASDAQ	Software - Application	$1.21B	$6.78	-2.73%	$156.89M	19.94x	0.74
IMXI	INTERNATIONAL MONEY EXPRESS INC	NASDAQ	Software - Infrastructure	$588.57M	$18.05	1.98%	$115.12M	10.56x	3.30
DUOL	DUOLINGO INC	NASDAQ	Software - Application	$9.07B	$208.26	-0.95%	$80.65M	134.36x	0.49
AMD	ADVANCED MICRO DEVICES INC	NASDAQ	Semiconductors	$217.44B	$134.35	-3.65%	$4.39B	161.87x	0.20
SPNS	SAPIENS INTERNATIONAL CORP N V	NASDAQ	Software - Application	$1.95B	$34.89	-1.52%	$103.48M	28.14x	0.45
NICE	NICE LTD	NASDAQ	Software - Application	$10.11B	$159.14	-2.03%	$673.32M	25.46x	0.46
DV	DOUBLEVERIFY HOLDINGS INC	NYSE	Software - Application	$3.08B	$18.12	-5.08%	$134.95M	50.33x	0.15
CLMB	CLIMB GLOBAL SOLUTIONS INC	NASDAQ	Electronics & Computer Distribution	$404.61M	$87.83	-3.11%	$21.08M	29.08x	2.79
CRUS	CIRRUS LOGIC INC	NASDAQ	Semiconductors	$7.07B	$132.32	-4.26%	$447.39M	23.71x	0.23
SNX	TD SYNNEX CORP	NYSE	Electronics & Computer Distribution	$9.48B	$110.97	-2.07%	$1.51B	15.52x	2.48
HPE	HEWLETT PACKARD ENTERPRISE CO	NYSE	Communication Equipment	$22.77B	$17.53	-0.62%	$4.81B	12.26x	1.75
GDYN	GRID DYNAMICS HOLDINGS INC	NASDAQ	Information Technology Services	$1.05B	$13.75	-2.20%	$19.68M	-1,375.00x	0.14
NXPI	NXP SEMICONDUCTORS NV	NASDAQ	Semiconductors	$57.75B	$226.70	-4.22%	$4.61B	20.91x	1.54
CSIQ	CANADIAN SOLAR INC	NASDAQ	Solar	$790.99M	$11.91	-4.80%	N/A	22.90x	3.12
ACMR	ACM RESEARCH INC	NASDAQ	Semiconductor Equipment & Materials	$977.67M	$15.65	-5.32%	$125.03M	11.18x	0.80
CRWD	CROWDSTRIKE HOLDINGS INC	NASDAQ	Software - Infrastructure	$60.40B	$246.39	-3.92%	$434.27M	351.99x	1.51
APH	AMPHENOL CORP	NYSE	Electronic Components	$72.08B	$59.85	-3.25%	$3.22B	34.10x	1.06
MSI	MOTOROLA SOLUTIONS INC	NYSE	Communication Equipment	$71.99B	$431.50	-1.33%	$2.34B	49.20x	15.62
LGCL	LUCAS GC LTD	NASDAQ	Software - Application	$96.76M	$1.22	-9.63%	$10.47M	8.91x	0.49
SEZL	SEZZLE INC	NASDAQ	Software - Application	$709.33M	$126.67	-8.36%	$43.37M	17.09x	3.22
CPAY	CORPAY INC	NYSE	Software - Infrastructure	$21.04B	$302.97	-0.60%	$2.04B	21.56x	4.88
IBM	INTERNATIONAL BUSINESS MACHINES CORP	NYSE	Information Technology Services	$184.91B	$200.74	-0.91%	$15.16B	21.77x	4.57
FTNT	FORTINET INC	NASDAQ	Software - Infrastructure	$57.49B	$75.16	-0.85%	$1.66B	44.21x	26.94
ON	ON SEMICONDUCTOR CORP	NASDAQ	Semiconductors	$29.09B	$67.92	-3.32%	$2.94B	15.06x	0.64
MPWR	MONOLITHIC POWER SYSTEMS INC	NASDAQ	Semiconductors	$39.31B	$806.31	-4.18%	$523.65M	94.64x	0.21
CRNT	CERAGON NETWORKS LTD	NASDAQ	Communication Equipment	$237.86M	$2.77	-4.15%	$36.13M	23.08x	1.08
DOCU	DOCUSIGN INC	NASDAQ	Software - Application	$12.01B	$59.19	3.97%	$295.96M	12.28x	0.91
MNDY	MONDAYCOM LTD	NASDAQ	Software - Application	$11.98B	$241.08	-3.23%	$3.45M	290.46x	0.62
OSPN	ONESPAN INC	NASDAQ	Software - Infrastructure	$567.31M	$14.98	-1.71%	$28.28M	34.84x	0.61
TDY	TELEDYNE TECHNOLOGIES INC	NYSE	Scientific & Technical Instruments	$19.73B	$421.77	-2.02%	$1.33B	22.63x	0.53

Tech Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Communication Equipment	63	-2.47%	-5.22%	+7.34%	-4.06%	26.77x	3.03x	+135.61%	+5.84%	+12.27%	+13.58%	Buy
Computer Hardware	35	-4.26%	-9.28%	-15.31%	+21.37%	30.89x	11.49x	-32.78%	+11.71%	+21.03%	+51.16%	Buy
Consumer Electronics	18	-1.67%	-4.55%	+4.05%	+10.27%	32.89x	27.75x	+142.20%	+28.69%	+58.88%	+19.24%	Buy
Electronic Components	43	-2.95%	-8.16%	+1.69%	+0.79%	34.30x	3.76x	+19.91%	+9.42%	+14.03%	+18.20%	Buy
Electronics & Computer Distribution	9	-2.12%	-7.52%	+6.87%	+20.92%	15.53x	1.36x	+11.09%	+3.60%	+11.32%	+7.88%	Hold
Information Technology Services	62	-1.20%	-2.54%	+3.93%	+13.70%	27.37x	5.05x	+25.46%	+8.42%	+16.58%	+9.11%	Buy
Scientific & Technical Instruments	31	-2.07%	-6.24%	+3.67%	+8.78%	72.02x	3.18x	+11.58%	+7.22%	+9.92%	+13.79%	Buy
Semiconductor Equipment & Materials	29	-3.77%	-13.18%	-3.90%	+7.03%	32.70x	9.41x	+48.54%	+17.95%	+29.68%	+41.56%	Buy
Semiconductors	67	-3.88%	-11.51%	+1.25%	+5.79%	50.50x	7.99x	+64.66%	+40.72%	+47.51%	+30.43%	Strong Buy
Software - Application	244	-1.64%	-3.87%	+4.79%	+12.41%	29.44x	6.31x	+10.27%	+5.74%	+9.78%	+17.73%	Buy
Software - Infrastructure	147	-1.86%	-5.92%	+4.06%	-31.58%	26.22x	11.16x	+1.24%	+14.76%	+24.38%	+23.01%	Buy
Solar	24	-3.03%	-9.36%	-3.13%	-75.41%	41.64x	2.10x	+2.60%	+6.25%	+11.62%	+43.12%	Buy

Tech Stocks FAQ

What are the best tech stocks to buy right now in Sep 2024?

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

1. Super Micro Computer (NASDAQ:SMCI)

Super Micro Computer (NASDAQ:SMCI) is the top tech stock with a Zen Score of 70, which is 40 points higher than the tech sector average of 30. It passed 24 out of 33 due diligence checks and has strong fundamentals. Super Micro Computer has seen its stock return 41.03% over the past year, overperforming other tech stocks by 45 percentage points.

Super Micro Computer has an average 1 year price target of $803.91, an upside of 108.02% from Super Micro Computer's current stock price of $386.46.

Super Micro Computer stock has a consensus Hold recommendation according to Wall Street analysts. Of the 11 analysts covering Super Micro Computer, 18.18% have issued a Strong Buy rating, 9.09% have issued a Buy, 63.64% have issued a Hold, while 0% have issued a Sell rating, and 9.09% have issued a Strong Sell.

2. Lsi Industries (NASDAQ:LYTS)

Lsi Industries (NASDAQ:LYTS) is the second best tech stock with a Zen Score of 69, which is 39 points higher than the tech sector average of 30. It passed 26 out of 38 due diligence checks and has strong fundamentals. Lsi Industries has seen its stock return 1.19% over the past year, overperforming other tech stocks by 5 percentage points.

Lsi Industries has an average 1 year price target of $19.00, an upside of 23.94% from Lsi Industries's current stock price of $15.33.

Lsi Industries stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Lsi Industries, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. First Solar (NASDAQ:FSLR)

First Solar (NASDAQ:FSLR) is the third best tech stock with a Zen Score of 68, which is 38 points higher than the tech sector average of 30. It passed 23 out of 33 due diligence checks and has strong fundamentals. First Solar has seen its stock return 14.59% over the past year, overperforming other tech stocks by 19 percentage points.

First Solar has an average 1 year price target of $283.43, an upside of 35.84% from First Solar's current stock price of $208.65.

First Solar stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 21 analysts covering First Solar, 66.67% have issued a Strong Buy rating, 23.81% have issued a Buy, 9.52% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the tech stocks with highest dividends?

Out of 117 tech stocks that have issued dividends in the past year, the 3 tech stocks with the highest dividend yields are:

1. Adtran Holdings (NASDAQ:ADTN)

Adtran Holdings (NASDAQ:ADTN) has an annual dividend yield of N/A, which is N/A percentage points lower than the tech sector average of 2.4%. Adtran Holdings's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Adtran Holdings's dividend has not shown consistent growth over the last 10 years.

Adtran Holdings's dividend payout ratio of -1.3% indicates that its dividend yield might not be sustainable for the long-term.

2. Jinkosolar Holding Co (NYSE:JKS)

Jinkosolar Holding Co (NYSE:JKS) has an annual dividend yield of 17.02%, which is 15 percentage points higher than the tech sector average of 2.4%.

Jinkosolar Holding Co's dividend payout ratio of 16.3% indicates that its high dividend yield is sustainable for the long-term.

3. Ttec Holdings (NASDAQ:TTEC)

Ttec Holdings (NASDAQ:TTEC) has an annual dividend yield of 13.03%, which is 11 percentage points higher than the tech sector average of 2.4%. Ttec Holdings's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Ttec Holdings's dividend has not shown consistent growth over the last 10 years.

Ttec Holdings's dividend payout ratio of -8.8% indicates that its high dividend yield might not be sustainable for the long-term.

Why are tech stocks down?

Tech stocks were down -2.29% in the last day, and down -6.5% over the last week. Braze was the among the top losers in the technology sector, dropping -19.4% yesterday.

Braze shares are trading lower. The company reported Q2 financial results.

What are the most undervalued tech stocks?

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

1. Magic Software Enterprises (NASDAQ:MGIC)

Magic Software Enterprises (NASDAQ:MGIC) is the most undervalued tech stock based on WallStreetZen's Valuation Score. Magic Software Enterprises has a valuation score of 100, which is 79 points higher than the tech sector average of 21. It passed 7 out of 7 valuation due diligence checks.

Magic Software Enterprises's stock has dropped -10.21% in the past year. It has underperformed other stocks in the tech sector by -6 percentage points.

2. Euronet Worldwide (NASDAQ:EEFT)

Euronet Worldwide (NASDAQ:EEFT) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Euronet Worldwide has a valuation score of 86, which is 65 points higher than the tech sector average of 21. It passed 6 out of 7 valuation due diligence checks.

Euronet Worldwide's stock has gained 17.29% in the past year. It has overperformed other stocks in the tech sector by 22 percentage points.

3. Csg Systems International (NASDAQ:CSGS)

Csg Systems International (NASDAQ:CSGS) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Csg Systems International has a valuation score of 86, which is 65 points higher than the tech sector average of 21. It passed 6 out of 7 valuation due diligence checks.

Csg Systems International's stock has dropped -12.96% in the past year. It has underperformed other stocks in the tech sector by -9 percentage points.

Are tech stocks a good buy now?

40.43% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 22.18% over the next year.

What is the average p/e ratio of the technology sector?

The average P/E ratio of the technology sector is 35.85x.

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.