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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
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
LOGI
LOGITECH INTERNATIONAL SA
NASDAQ
Computer Hardware
$12.09B$78.08-1.16%$621.79M25.19x0.67
AGYS
AGILYSYS INC
NASDAQ
Software - Application
$2.24B$81.75-0.76%$25.15M24.55x0.51
YMM
FULL TRUCK ALLIANCE CO LTD
NYSE
Software - Application
$8.07B$7.661.32%$332.95M27.65x0.10
RMBS
RAMBUS INC
NASDAQ
Semiconductors
$6.09B$56.46-1.38%$237.08M18.27x0.21
RDVT
RED VIOLET INC
NASDAQ
Software - Application
$249.54M$17.87-1.11%$10.86M18.42x0.08
HLIT
HARMONIC INC
NASDAQ
Communication Equipment
$1.12B$9.99-0.40%$34.09M13.32x0.76
FSLR
FIRST SOLAR INC
NASDAQ
Solar
$18.62B$174.29-2.09%$1.21B22.40x0.55
EXLS
EXLSERVICE HOLDINGS INC
NASDAQ
Information Technology Services
$4.83B$29.12-0.99%$321.74M26.23x0.38
PRFT
PERFICIENT INC
NASDAQ
Information Technology Services
$1.53B$43.64-2.11%$166.44M15.00x1.01
ANET
ARISTA NETWORKS INC
NYSE
Computer Hardware
$80.41B$257.19-0.80%$2.51B38.10x0.38
DLO
DLOCAL LTD
NASDAQ
Software - Infrastructure
$4.42B$15.20-2.69%$307.45M29.80x1.38
DV
DOUBLEVERIFY HOLDINGS INC
NYSE
Software - Application
$5.16B$30.140.37%$144.56M70.09x0.16
ACLS
AXCELIS TECHNOLOGIES INC
NASDAQ
Semiconductor Equipment & Materials
$3.21B$98.25-3.41%$297.02M13.07x0.48
GCT
GIGACLOUD TECHNOLOGY INC
NASDAQ
Software - Infrastructure
$1.50B$36.815.29%$121.59M15.94x1.92
EPAM
EPAM SYSTEMS INC
NYSE
Information Technology Services
$14.30B$247.22-0.71%$669.29M34.29x0.25
OLED
UNIVERSAL DISPLAY CORP
NASDAQ
Electronic Components
$7.25B$152.960.65%$288.57M35.99x0.15
ELTK
ELTEK LTD
NASDAQ
Electronic Components
$67.73M$11.253.59%$8.61M10.42x0.76
CSCO
CISCO SYSTEMS INC
NASDAQ
Communication Equipment
$194.81B$48.110.67%$18.18B14.53x1.19
MSFT
MICROSOFT CORP
NASDAQ
Software - Infrastructure
$3.00T$404.27-1.84%$120.93B36.42x0.98
CSIQ
CANADIAN SOLAR INC
NASDAQ
Solar
$959.49M$14.53-3.90%N/A3.47x3.20
QCOM
QUALCOMM INC
NASDAQ
Semiconductors
$180.17B$161.44-1.75%$10.47B23.20x1.26
ADI
ANALOG DEVICES INC
NASDAQ
Semiconductors
$93.02B$187.58-0.98%$5.56B33.32x0.36
ODD
ODDITY TECH LTD
NASDAQ
Software - Infrastructure
$1.91B$33.63-2.72%$82.92M31.73x0.43
ARRY
ARRAY TECHNOLOGIES INC
NASDAQ
Solar
$1.66B$10.97-1.79%$261.65M19.25x4.23
MPTI
M-TRON INDUSTRIES INC
NYSEMKT
Electronic Components
$66.52M$23.79-8.85%$5.19M18.44x0.22
FI
FISERV INC
NYSE
Information Technology Services
$86.74B$146.91-0.13%$7.92B29.26x2.02
UMC
UNITED MICROELECTRONICS CORP
NYSE
Semiconductors
$18.83B$7.53-0.79%$4.33B7.27x0.69
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
NASDAQ
Information Technology Services
$33.42B$67.13-0.61%$3.39B15.95x0.40
ON
ON SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$26.89B$62.93-2.39%$3.22B12.41x0.70
TER
TERADYNE INC
NASDAQ
Semiconductor Equipment & Materials
$15.34B$100.20-1.83%$640.26M34.43x0.38
HKD
AMTD DIGITAL INC
NYSE
Software - Application
$589.65M$3.08-3.75%$49.41M13.75x0.31
GRMN
GARMIN LTD
NYSE
Scientific & Technical Instruments
$26.99B$140.72-0.25%$1.38B20.88x0.23
G
GENPACT LTD
NYSE
Information Technology Services
$5.58B$30.891.08%$754.15M8.93x1.14
YALA
YALLA GROUP LTD
NYSE
Software - Application
$732.82M$4.59-0.86%N/A6.20x0.13
PAYS
PAYSIGN INC
NASDAQ
Software - Infrastructure
$226.17M$4.270.71%$6.79M35.58x4.99
SIMO
SILICON MOTION TECHNOLOGY CORP
NASDAQ
Semiconductors
$2.42B$73.30-1.25%$231.58M14.10x0.31
LYTS
LSI INDUSTRIES INC
NASDAQ
Electronic Components
$406.69M$13.990.14%$46.44M14.88x0.49
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
NASDAQ
Software - Application
$14.94B$60.470.38%$2.00B24.68x1.85
PLAB
PHOTRONICS INC
NASDAQ
Semiconductor Equipment & Materials
$1.65B$26.09-1.62%$292.96M11.60x0.23
RELL
RICHARDSON ELECTRONICS LTD
NASDAQ
Electronic Components
$144.64M$10.132.74%$6.03M33.77x0.22
DOX
AMDOCS LTD
NASDAQ
Software - Infrastructure
$9.92B$85.110.21%$865.94M18.07x0.81
ACMR
ACM RESEARCH INC
NASDAQ
Semiconductor Equipment & Materials
$1.67B$27.41-1.81%$111.07M21.24x0.74
TSEM
TOWER SEMICONDUCTOR LTD
NASDAQ
Semiconductors
$3.45B$31.15-1.39%$811.30M6.63x0.20
MRAM
EVERSPIN TECHNOLOGIES INC
NASDAQ
Semiconductors
$158.98M$7.490.54%$10.30M17.02x0.25
ITRN
ITURAN LOCATION & CONTROL LTD
NASDAQ
Communication Equipment
$497.74M$25.02-0.91%$84.11M10.38x0.79
AUDC
AUDIOCODES LTD
NASDAQ
Communication Equipment
$327.03M$10.721.23%$17.02M38.29x0.79
JKS
JINKOSOLAR HOLDING CO LTD
NYSE
Solar
$1.13B$21.66-0.14%N/A2.35x5.08
PANW
PALO ALTO NETWORKS INC
NASDAQ
Software - Infrastructure
$90.84B$281.141.37%$1.21B39.05x3.20
DAVA
ENDAVA PLC
NYSE
Software - Infrastructure
$1.77B$30.360.90%N/A20.50x0.28
CRUS
CIRRUS LOGIC INC
NASDAQ
Semiconductors
$4.49B$83.25-2.35%$301.73M25.38x0.23
CDW
CDW CORP
NASDAQ
Information Technology Services
$31.63B$235.70-0.46%$1.95B28.74x5.50
IMXI
INTERNATIONAL MONEY EXPRESS INC
NASDAQ
Software - Infrastructure
$720.19M$21.350.19%$116.20M12.78x2.87
KARO
KAROOOOO LTD
NASDAQ
Software - Application
$838.47M$27.093.20%N/A23.93x0.49
FORM
FORMFACTOR INC
NASDAQ
Semiconductors
$3.27B$42.09-2.05%$134.53M39.71x0.22
TASK
TASKUS INC
NASDAQ
Information Technology Services
$961.15M$10.84-0.73%$157.49M22.12x0.96
PAGS
PAGSEGURO DIGITAL LTD
NYSE
Software - Infrastructure
$3.81B$11.55-1.03%$1.34B11.11x3.16
KLIC
KULICKE & SOFFA INDUSTRIES INC
NASDAQ
Semiconductor Equipment & Materials
$2.60B$46.090.00%$96.78M50.65x0.28
IBEX
IBEX LTD
NASDAQ
Information Technology Services
$231.25M$13.161.00%$76.09M6.12x0.91
LSCC
LATTICE SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$9.45B$68.69-2.18%$254.01M36.54x0.22
SANM
SANMINA CORP
NASDAQ
Electronic Components
$3.25B$58.22-0.22%$517.50M12.18x1.03
FTV
FORTIVE CORP
NYSE
Scientific & Technical Instruments
$28.17B$80.18-0.02%$1.57B32.59x0.64
ZI
ZOOMINFO TECHNOLOGIES INC
NASDAQ
Software - Application
$5.99B$15.771.74%$514.60M58.41x2.24
SCSC
SCANSOURCE INC
NASDAQ
Electronics & Computer Distribution
$1.02B$40.501.05%$163.31M11.47x0.87
CIEN
CIENA CORP
NYSE
Communication Equipment
$6.33B$43.77-2.30%$532.24M28.24x0.91
CRCT
CRICUT INC
NASDAQ
Computer Hardware
$1.12B$5.183.81%$115.13M20.72x0.40
KEYS
KEYSIGHT TECHNOLOGIES INC
NYSE
Scientific & Technical Instruments
$25.64B$146.89-2.03%$1.56B26.80x0.88
ENPH
ENPHASE ENERGY INC
NASDAQ
Solar
$14.82B$109.17-2.57%$596.69M33.90x2.44
FFIV
F5 INC
NASDAQ
Software - Infrastructure
$10.56B$179.59-0.94%$715.72M23.26x0.87
AMSWA
AMERICAN SOFTWARE INC
NASDAQ
Software - Application
$351.14M$10.57-0.19%$18.73M29.36x0.37
AEHR
AEHR TEST SYSTEMS
NASDAQ
Semiconductor Equipment & Materials
$312.86M$10.82-2.96%$16.15M20.42x0.18
ADSK
AUTODESK INC
NASDAQ
Software - Application
$45.06B$210.63-2.00%$1.23B49.10x5.23
FTNT
FORTINET INC
NASDAQ
Software - Infrastructure
$48.86B$64.03-0.97%$1.43B43.56x-16.66
BELFA
BEL FUSE INC
NASDAQ
Electronic Components
$882.89M$69.21-0.43%$99.46M12.54x0.68
SWKS
SKYWORKS SOLUTIONS INC
NASDAQ
Semiconductors
$15.64B$97.62-0.86%$1.59B17.19x0.32
DSWL
DESWELL INDUSTRIES INC
NASDAQ
Electronic Components
$36.81M$2.310.00%$7.93M6.00x0.22
INFY
INFOSYS LTD
NYSE
Information Technology Services
$68.49B$16.51-2.60%$4.68B23.25x0.66
TAIT
TAITRON COMPONENTS INC
NASDAQ
Electronics & Computer Distribution
$18.85M$3.130.00%$2.42M10.10x0.07
ASGN
ASGN INC
NYSE
Information Technology Services
$4.44B$95.550.87%$464.40M21.05x0.87
ZM
ZOOM VIDEO COMMUNICATIONS INC
NASDAQ
Software - Application
$18.44B$59.941.46%$957.83M28.27x0.24
ALGM
ALLEGRO MICROSYSTEMS INC
NASDAQ
Semiconductors
$5.10B$26.41-2.83%$315.07M22.97x0.38
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
NYSE
Information Technology Services
$22.73B$192.98-0.24%$1.25B33.22x2.87
NVEC
NVE CORP
NASDAQ
Semiconductors
$389.86M$80.66-1.87%$25.44M18.13x0.02
SHLS
SHOALS TECHNOLOGIES GROUP INC
NASDAQ
Solar
$1.40B$8.21-0.85%$86.88M34.21x0.55
SPSC
SPS COMMERCE INC
NASDAQ
Software - Infrastructure
$6.03B$163.130.88%$120.31M90.63x0.23
KSPI
JOINT STOCK CO KASPIKZ
NASDAQ
Software - Application
$21.25B$112.23-1.60%N/A11.43x5.30
PUBM
PUBMATIC INC
NASDAQ
Software - Application
$1.08B$21.54-0.14%$61.42M126.71x1.35
SPNS
SAPIENS INTERNATIONAL CORP N V
NASDAQ
Software - Application
$1.68B$30.17-0.26%$99.88M26.70x0.54
SMCI
SUPER MICRO COMPUTER INC
NASDAQ
Computer Hardware
$51.93B$928.48-3.29%$907.53M67.72x0.76
AVGO
BROADCOM INC
NASDAQ
Semiconductors
$583.44B$1,258.99-1.84%$19.94B45.27x1.53
GDYN
GRID DYNAMICS HOLDINGS INC
NASDAQ
Information Technology Services
$777.21M$10.230.29%$16.96M-511.50x0.14
NXPI
NXP SEMICONDUCTORS NV
NASDAQ
Semiconductors
$56.25B$219.35-3.34%$4.74B20.25x1.78
HPE
HEWLETT PACKARD ENTERPRISE CO
NYSE
Communication Equipment
$22.15B$17.040.06%$4.93B11.51x1.73
PSN
PARSONS CORP
NYSE
Information Technology Services
$8.23B$77.80-0.97%$368.76M50.85x1.06
WNS
WNS (HOLDINGS) LTD
NYSE
Information Technology Services
$2.22B$46.491.11%N/A13.48x0.80
NOW
SERVICENOW INC
NYSE
Software - Application
$149.93B$731.36-0.69%$1.57B86.25x1.28
TTD
TRADE DESK INC
NASDAQ
Software - Application
$39.51B$80.810.85%$328.86M218.41x1.26
IBM
INTERNATIONAL BUSINESS MACHINES CORP
NYSE
Information Technology Services
$166.36B$181.47-0.89%$14.68B22.02x5.00
DDOG
DATADOG INC
NASDAQ
Software - Application
$41.49B$125.021.19%$137.38M833.47x0.94
AMAT
APPLIED MATERIALS INC
NASDAQ
Semiconductor Equipment & Materials
$161.46B$194.32-2.79%$8.78B22.70x0.81
TEL
TE CONNECTIVITY LTD
NYSE
Electronic Components
$43.38B$140.48-0.71%$3.37B13.24x0.75

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65-0.40%-5.38%-3.86%-21.69%17.62x2.65x+69.30%+9.36%+17.57%+23.54%Buy
38-2.15%-4.77%-6.05%+141.60%40.91x13.52x-25.84%+9.69%+18.06%+11.62%Buy
18-0.19%-4.12%-5.44%-7.58%24.14x20.44x+149.62%+28.21%+53.05%+25.53%Buy
44-0.32%-5.41%-3.37%+6.87%25.33x3.40x+21.37%+9.46%+14.52%+17.23%Buy
10-0.46%-7.69%+0.88%+20.85%12.74x1.31x+12.26%+3.93%+12.64%+6.32%Hold
66-0.33%-4.66%-7.75%+8.50%23.62x4.52x+25.72%+7.96%+16.31%+18.48%Buy
33+0.75%-3.52%-3.23%-2.60%-4.97x3.07x+9.30%+6.23%+9.09%+11.65%Buy
29-2.09%-8.74%-4.74%+45.05%37.88x11.10x+51.32%+18.23%+30.91%+14.59%Buy
69-1.72%-8.54%-4.42%+23.58%59.50x7.66x+52.29%+30.14%+33.96%+20.84%Strong Buy
249+0.12%-6.88%-6.21%+18.58%98.93x6.39x+7.23%+4.59%+7.46%+19.49%Buy
138-0.38%-5.41%-6.47%+11.58%75.98x11.64x-37.66%+15.36%+24.59%+22.63%Buy
23-2.27%-10.05%-2.57%-57.89%25.36x2.43x+16.22%+8.69%+12.85%+44.76%Buy

Tech Stocks FAQ

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

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

1. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the top tech stock with a Zen Score of 69, which is 39 points higher than the tech sector average of 30. It passed 25 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 31.63% over the past year, overperforming other tech stocks by 16 percentage points.

Logitech International Sa has an average 1 year price target of $96.17, an upside of 23.16% from Logitech International Sa's current stock price of $78.08.

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.

2. Full Truck Alliance Co (NYSE:YMM)


Full Truck Alliance Co (NYSE:YMM) is the second best tech stock with a Zen Score of 68, which is 38 points higher than the tech sector average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 4.64% over the past year, underperforming other tech stocks by -11 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -21.67% from Full Truck Alliance Co's current stock price of $7.66.

Full Truck Alliance Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Full Truck Alliance Co, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) 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 22 out of 33 due diligence checks and has strong fundamentals. Agilysys has seen its stock lose -3.15% over the past year, underperforming other tech stocks by -18 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 22.32% from Agilysys's current stock price of $81.75.

Agilysys stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Agilysys, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% 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 122 tech stocks that have issued dividends in the past year, the 3 tech stocks with the highest dividend yields are:

1. Virnetx Holding (NYSE:VHC)


Virnetx Holding (NYSE:VHC) has an annual dividend yield of N/A, which is N/A percentage points lower than the tech sector average of 4.43%. Virnetx Holding's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Virnetx Holding's dividend has shown consistent growth over the last 10 years.

Virnetx Holding's dividend payout ratio of -256.7% indicates that its dividend yield might not be sustainable for the long-term.

2. Clearone (NASDAQ:CLRO)


Clearone (NASDAQ:CLRO) has an annual dividend yield of 154.96%, which is 151 percentage points higher than the tech sector average of 4.43%. Clearone's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Clearone's dividend has shown consistent growth over the last 10 years.

Clearone's dividend payout ratio of -5,000% indicates that its high dividend yield might not be sustainable for the long-term.

3. Wisekey International Holding Sa (NASDAQ:WKEY)


Wisekey International Holding Sa (NASDAQ:WKEY) has an annual dividend yield of 128.44%, which is 124 percentage points higher than the tech sector average of 4.43%.

Wisekey International Holding Sa's dividend payout ratio of -36.3% indicates that its high dividend yield might not be sustainable for the long-term.

Why are tech stocks down?

Tech stocks were down -0.62% in the last day, and down -6.55% over the last week. Canaan was the among the top losers in the technology sector, dropping -17.12% yesterday.

Canaan shares are trading lower after the company filed a prospectus related to a mixed shelf of up to $300 million.

What are the most undervalued tech stocks?

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

1. Axcelis Technologies (NASDAQ:ACLS)


Axcelis Technologies (NASDAQ:ACLS) is the most undervalued tech stock based on WallStreetZen's Valuation Score. Axcelis Technologies has a valuation score of 100, which is 74 points higher than the tech sector average of 26. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -23.82% in the past year. It has underperformed other stocks in the tech sector by -39 percentage points.

2. Eltek (NASDAQ:ELTK)


Eltek (NASDAQ:ELTK) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Eltek has a valuation score of 100, which is 74 points higher than the tech sector average of 26. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 179.16% in the past year. It has overperformed other stocks in the tech sector by 164 percentage points.

3. Himax Technologies (NASDAQ:HIMX)


Himax Technologies (NASDAQ:HIMX) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Himax Technologies has a valuation score of 100, which is 74 points higher than the tech sector average of 26. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -31.26% in the past year. It has underperformed other stocks in the tech sector by -46 percentage points.

Are tech stocks a good buy now?

40.48% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 19.22% 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 57.66x.
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.