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Best Tech Stocks to Buy Now (2022)
Top tech stocks in 2022 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
PRFT
PERFICIENT INC
NASDAQ
Information Technology Services
$2.14B$61.882.91%$132.94M27.02x1.53
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
NYSE
Semiconductors
$378.74B$73.030.03%$43.55B14.99x0.74
ACLS
AXCELIS TECHNOLOGIES INC
NASDAQ
Semiconductor Equipment & Materials
$1.97B$59.673.65%$190.06M13.32x0.38
SMCI
SUPER MICRO COMPUTER INC
NASDAQ
Computer Hardware
$2.80B$53.502.59%$376.92M9.66x1.25
ACMR
ACM RESEARCH INC
NASDAQ
Semiconductor Equipment & Materials
$743.22M$12.546.81%$43.55M22.80x0.43
ENPH
ENPHASE ENERGY INC
NASDAQ
Solar
$38.58B$284.813.60%$306.17M187.38x4.40
IMXI
INTERNATIONAL MONEY EXPRESS INC
NASDAQ
Information Technology Services
$861.66M$22.752.34%$85.64M16.73x1.24
RELL
RICHARDSON ELECTRONICS LTD
NASDAQ
Electronic Components
$199.25M$14.493.43%$19.18M10.73x0.32
LFUS
LITTELFUSE INC
NASDAQ
Electronic Components
$4.88B$197.160.19%$540.60M13.95x0.73
SYNA
SYNAPTICS INC
NASDAQ
Semiconductors
$4.01B$101.222.50%$499.80M15.34x1.26
SIMO
SILICON MOTION TECHNOLOGY CORP
NASDAQ
Semiconductors
$2.36B$67.500.72%$264.42M11.80x0.48
YALA
YALLA GROUP LTD
NYSE
Software - Application
$510.17M$3.37-1.17%N/A6.02x0.13
PLAB
PHOTRONICS INC
NASDAQ
Semiconductor Equipment & Materials
$902.52M$14.632.81%$238.80M8.81x0.32
NVMI
NOVA LTD
NASDAQ
Semiconductor Equipment & Materials
$2.51B$87.680.71%$153.64M20.53x0.73
FN
FABRINET
NYSE
Electronic Components
$3.41B$93.682.85%$246.14M17.25x0.46
ONTO
ONTO INNOVATION INC
NYSE
Semiconductors
$3.27B$65.72-0.20%$275.24M17.25x0.15
ENTG
ENTEGRIS INC
NASDAQ
Semiconductor Equipment & Materials
$12.64B$84.830.81%$745.84M24.95x2.06
ARBE
ARBE ROBOTICS LTD
NASDAQ
Software - Infrastructure
$379.72M$6.00-4.76%-$44.60M54.55x0.20
AMD
ADVANCED MICRO DEVICES INC
NASDAQ
Semiconductors
$108.43B$67.171.31%$5.74B27.87x0.22
CCRD
CORECARD CORP
NYSE
Software - Application
$184.19M$21.500.00%$26.35M11.14x0.23
CSIQ
CANADIAN SOLAR INC
NASDAQ
Solar
$2.47B$38.515.68%N/A16.96x3.50
PAGS
PAGSEGURO DIGITAL LTD
NYSE
Software - Infrastructure
$4.29B$13.033.33%$892.36M16.58x2.50
RCM
R1 RCM INC
NASDAQ
Health Information Services
$7.63B$18.34-0.38%$182.60M67.93x0.85
KLIC
KULICKE & SOFFA INDUSTRIES INC
NASDAQ
Semiconductor Equipment & Materials
$2.28B$39.190.15%$582.01M4.77x0.35
CPSH
CPS TECHNOLOGIES CORP
NASDAQ
Electronic Components
$40.70M$2.82-2.76%$1.82M10.44x0.33
UCTT
ULTRA CLEAN HOLDINGS INC
NASDAQ
Semiconductor Equipment & Materials
$1.17B$25.801.42%$213.00M14.41x1.24
CD
CHINDATA GROUP HOLDINGS LTD
NASDAQ
Information Technology Services
$2.94B$8.040.50%$247.19M40.61x0.98
DAVA
ENDAVA PLC
NYSE
Software - Infrastructure
$4.39B$77.64-2.44%$110.91M45.11x0.44
PERI
PERION NETWORK LTD
NASDAQ
Internet Content & Information
$856.78M$19.282.34%$83.47M12.05x0.40
TAIT
TAITRON COMPONENTS INC
NASDAQ
Electronics & Computer Distribution
$23.62M$3.942.47%$2.44M6.16x0.08
TSRI
TSR INC
NASDAQ
Software - Application
$15.99M$7.450.00%$7.27M2.18x0.68
PEAR
PEAR THERAPEUTICS INC
NASDAQ
Health Information Services
$212.32M$1.53-1.29%-$23.26M0.39x0.80
PAYA
PAYA HOLDINGS INC
NASDAQ
Software - Application
$754.16M$5.714.58%$57.68M142.75x1.61
OTEX
OPEN TEXT CORP
NASDAQ
Software - Application
$7.18B$26.61-1.15%$1.18B18.23x1.53
CLFD
CLEARFIELD INC
NASDAQ
Communication Equipment
$1.27B$92.511.94%$54.09M31.90x0.30
SLAB
SILICON LABORATORIES INC
NASDAQ
Semiconductors
$4.32B$126.202.37%$2.18B2.49x0.51
SGH
SMART GLOBAL HOLDINGS INC
NASDAQ
Semiconductors
$812.36M$16.251.44%$190.08M11.90x2.94
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
NASDAQ
Computer Hardware
$11.80B$56.532.06%$2.38B7.54x81.06
GOOGL
ALPHABET INC
NASDAQ
Internet Content & Information
$1.27T$97.50-0.68%$100.20B17.91x0.39
DSWL
DESWELL INDUSTRIES INC
NASDAQ
Electronic Components
$48.76M$3.06-0.65%$9.80M5.88x0.27
SPNS
SAPIENS INTERNATIONAL CORP N V
NASDAQ
Software - Application
$1.11B$20.07-0.05%$91.17M20.91x0.71
PRGS
PROGRESS SOFTWARE CORP
NASDAQ
Software - Application
$1.81B$41.570.61%$152.76M18.98x2.64
DIOD
DIODES INC
NASDAQ
Semiconductors
$2.92B$64.281.79%$505.59M10.11x0.64
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
NASDAQ
Software - Application
$767.50M$15.64-0.51%$63.58M27.93x0.88
AMAT
APPLIED MATERIALS INC
NASDAQ
Semiconductor Equipment & Materials
$72.40B$84.151.46%$8.31B11.18x1.17
FSLR
FIRST SOLAR INC
NASDAQ
Solar
$14.10B$132.313.20%$564.39M74.75x0.26
SMTC
SEMTECH CORP
NASDAQ
Semiconductors
$1.90B$29.871.39%$228.71M12.09x0.50
DLO
DLOCAL LTD
NASDAQ
Software - Infrastructure
$6.05B$20.44-2.85%N/A60.12x1.07
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
NASDAQ
Information Technology Services
$30.02B$57.97-1.23%$3.55B13.42x0.44
HCKT
HACKETT GROUP INC
NASDAQ
Information Technology Services
$573.14M$18.092.15%$54.91M12.31x0.39
AXTI
AXT INC
NASDAQ
Semiconductor Equipment & Materials
$293.67M$6.823.18%$24.60M18.94x0.35
LSCC
LATTICE SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$6.73B$49.012.25%$174.58M49.51x0.69
MSFT
MICROSOFT CORP
NASDAQ
Software - Infrastructure
$1.76T$236.41-0.44%$100.24B24.37x1.19
VSH
VISHAY INTERTECHNOLOGY INC
NYSE
Semiconductors
$2.58B$18.04-0.22%$694.49M7.49x0.94
MXL
MAXLINEAR INC
NYSE
Semiconductors
$2.61B$33.313.13%$239.16M24.86x1.07
SOHU
SOHUCOM LTD
NASDAQ
Internet Content & Information
$587.44M$17.012.53%N/A0.79x0.76
OCG
ORIENTAL CULTURE HOLDING LTD
NASDAQ
Internet Retail
$23.57M$1.121.82%$11.87M2.00x0.08
ON
ON SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$27.85B$64.292.54%$2.70B16.15x1.00
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
NASDAQ
Software - Application
$12.22B$47.91-1.64%$1.81B17.11x1.88
ELTK
ELTEK LTD
NASDAQ
Electronic Components
$21.06M$3.600.42%$3.63M4.00x0.98
AOSL
ALPHA & OMEGA SEMICONDUCTOR LTD
NASDAQ
Semiconductors
$877.53M$32.035.57%$539.19M1.89x0.52
APPS
DIGITAL TURBINE INC
NASDAQ
Software - Application
$1.44B$14.560.21%$126.44M39.35x1.44
CAN
CANAAN INC
NASDAQ
Computer Hardware
$604.96M$3.223.54%N/A1.28x0.32
LGL
LGL GROUP INC
NYSEMKT
Electronic Components
$61.07M$11.42-1.93%$17.30M4.64x0.08
IBEX
IBEX LTD
NASDAQ
Software - Application
$312.45M$17.12-0.12%$63.98M13.59x1.89
NATI
NATIONAL INSTRUMENTS CORP
NASDAQ
Software - Application
$5.01B$37.86-2.50%$220.47M47.92x0.86
PDD
PINDUODUO INC
NASDAQ
Internet Retail
$76.88B$60.990.54%$3.88B26.27x1.11
LITE
LUMENTUM HOLDINGS INC
NASDAQ
Communication Equipment
$4.77B$70.021.98%$482.40M25.10x1.22
CLS
CELESTICA INC
NYSE
Electronic Components
$1.04B$8.360.97%$342.10M8.44x2.36
BABA
ALIBABA GROUP HOLDING LTD
NYSE
Internet Retail
$211.75B$77.87-1.32%$14.66B35.38x0.64
QCOM
QUALCOMM INC
NASDAQ
Semiconductors
$135.14B$120.340.50%$16.99B10.54x1.93
KLAC
KLA CORP
NASDAQ
Semiconductor Equipment & Materials
$43.73B$308.381.58%$4.01B13.97x7.99
ADI
ANALOG DEVICES INC
NASDAQ
Semiconductors
$72.94B$141.810.70%$4.29B41.46x0.37
IMOS
CHIPMOS TECHNOLOGIES INC
NASDAQ
Semiconductors
$691.24M$19.012.48%$376.34M4.02x0.76
AEHR
AEHR TEST SYSTEMS
NASDAQ
Semiconductor Equipment & Materials
$373.25M$13.654.12%$9.84M37.92x0.22
ADBE
ADOBE INC
NASDAQ
Software - Infrastructure
$129.90B$277.570.22%$6.94B26.92x0.88
UMC
UNITED MICROELECTRONICS CORP
NYSE
Semiconductors
$14.61B$5.851.39%$4.27B6.13x0.77
PTC
PTC INC
NASDAQ
Software - Application
$12.24B$104.24-0.88%$604.52M24.47x1.14
TTMI
TTM TECHNOLOGIES INC
NASDAQ
Electronic Components
$1.36B$13.310.76%$226.44M18.49x1.18
SCPL
SCIPLAY CORP
NASDAQ
Electronic Gaming & Multimedia
$1.40B$11.002.90%$38.40M14.86x1.73
DOCS
DOXIMITY INC
NYSE
Health Information Services
$5.84B$30.19-1.76%$119.11M37.27x0.17
LOGI
LOGITECH INTERNATIONAL SA
NASDAQ
Computer Hardware
$7.50B$45.832.85%$800.63M13.64x0.62
GLOB
GLOBANT SA
NYSE
Software - Application
$7.93B$189.48-1.09%N/A61.52x0.36
NTAP
NETAPP INC
NASDAQ
Computer Hardware
$13.59B$62.53-0.13%$1.39B14.68x13.53
FLEX
FLEX LTD
NASDAQ
Electronic Components
$7.58B$16.611.71%$1.82B8.47x3.88
VECO
VEECO INSTRUMENTS INC
NASDAQ
Semiconductor Equipment & Materials
$970.91M$18.882.22%$86.26M23.31x1.18
GFS
GLOBALFOUNDRIES INC
NASDAQ
Semiconductors
$28.56B$52.880.15%$2.35B56.26x0.88
GVP
GSE SYSTEMS INC
NASDAQ
Software - Application
$19.34M$0.910.00%$7.29M3.96x0.95
NTES
NETEASE INC
NASDAQ
Internet Content & Information
$51.11B$77.970.12%$3.81B18.65x0.63
KIND
NEXTDOOR HOLDINGS INC
NYSE
Internet Content & Information
$1.10B$2.884.73%-$113.61M4.88x0.13
CSCO
CISCO SYSTEMS INC
NASDAQ
Communication Equipment
$166.49B$40.52-0.15%$16.79B14.32x1.36
ECOM
CHANNELADVISOR CORP
NYSE
Software - Application
$651.28M$22.670.04%$21.29M16.55x0.31
NXPI
NXP SEMICONDUCTORS NV
NASDAQ
Semiconductors
$40.31B$153.511.03%$4.51B16.60x2.20
WSTG
WAYSIDE TECHNOLOGY GROUP INC
NASDAQ
Electronics & Computer Distribution
$118.86M$26.58-0.19%$16.77M10.34x2.29
AZTA
AZENTA INC
NASDAQ
Semiconductor Equipment & Materials
$3.26B$43.41-0.85%$2.22B1.50x0.09
CALX
CALIX INC
NYSE
Software - Application
$3.94B$60.345.90%$65.54M18.07x0.29
ACIW
ACI WORLDWIDE INC
NASDAQ
Software - Infrastructure
$2.34B$20.500.29%$398.97M15.77x1.66
MKSI
MKS INSTRUMENTS INC
NASDAQ
Scientific & Technical Instruments
$4.68B$83.911.94%$808.80M8.38x0.52
AVGO
BROADCOM INC
NASDAQ
Semiconductors
$188.22B$464.750.54%$18.02B19.35x2.42
ADSK
AUTODESK INC
NASDAQ
Software - Application
$40.57B$187.962.16%$943.40M73.71x10.12

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
69+0.50%-5.76%-13.82%-25.15%18.48x2.92x-45.54%+10.83%+20.13%+44.27%Buy
35+1.61%-4.85%-16.04%-37.54%-19.18x3.54x+164.70%+10.16%+20.32%+59.01%Buy
19+0.48%-4.29%-10.95%-36.26%24.30x20.57x+147.50%+27.12%+56.29%+57.53%Buy
40+0.63%-4.07%-10.94%-15.11%17.25x2.93x+18.55%+7.72%+13.92%+33.38%Buy
28+0.97%-5.12%-10.16%-53.08%17.82x3.80x-16.90%-0.63%-0.46%+72.23%Buy
8+0.55%-3.44%-12.54%-15.37%4.09x1.02x+19.42%+6.61%+17.50%+40.48%Buy
57+0.84%-4.71%-10.63%-49.04%-4.01x2.82x-6.90%-3.12%-4.74%+60.59%Buy
74-0.55%-6.73%-11.77%-28.19%20.38x3.29x+34.56%+8.46%+16.65%+37.10%Buy
69+0.55%-6.83%-12.77%-59.11%6.35x3.88x+23.54%+16.90%+24.63%+184.89%Buy
51+0.49%-9.84%-11.79%-59.94%73.08x4.81x+7.32%+2.54%+4.78%+151.90%Buy
37-0.75%-6.22%-12.01%-34.80%21.07x2.79x+15.57%+6.40%+11.76%+42.57%Buy
31+1.11%-6.19%-15.07%-39.12%19.37x7.35x+59.96%+22.29%+35.19%+59.49%Strong Buy
68+1.20%-5.16%-12.58%-30.06%17.14x3.62x+35.56%+17.10%+22.46%+54.95%Buy
266+1.43%-4.31%-9.16%-48.81%238.31x4.72x-23.06%-3.68%+3.87%+53.06%Buy
130+0.78%-5.41%-13.52%-41.32%13.35x9.70x+21.61%+14.61%+23.39%+66.60%Buy
18+2.79%-8.15%-4.99%+8.86%105.69x4.36x+9.15%+3.53%+5.41%+14.05%Buy

Tech Stocks FAQ

What are the best tech stocks to buy right now in Sep 2022?

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

1. Perficient (NASDAQ:PRFT)


Perficient (NASDAQ:PRFT) is the top tech stock with a Zen Score of 73, which is 39 points higher than the tech sector average of 34. It passed 25 out of 33 due diligence checks and has strong fundamentals. Perficient has seen its stock lose -49.05% over the past year, underperforming other tech stocks by -8 percentage points.

Perficient has an average 1 year price target of $106.00, an upside of 71.3% from Perficient's current stock price of $61.88.

Perficient stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Perficient, 60% have issued a Strong Buy rating, 40% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Axcelis Technologies (NASDAQ:ACLS)


Axcelis Technologies (NASDAQ:ACLS) is the second best tech stock with a Zen Score of 71, which is 37 points higher than the tech sector average of 34. It passed 23 out of 33 due diligence checks and has strong fundamentals. Axcelis Technologies has seen its stock return 19.92% over the past year, overperforming other tech stocks by 61 percentage points.

Axcelis Technologies has an average 1 year price target of $83.50, an upside of 39.94% from Axcelis Technologies's current stock price of $59.67.

Axcelis Technologies stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Axcelis Technologies, 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. Taiwan Semiconductor Manufacturing Co (NYSE:TSM)


Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is the third best tech stock with a Zen Score of 71, which is 37 points higher than the tech sector average of 34. It passed 28 out of 38 due diligence checks and has strong fundamentals. Taiwan Semiconductor Manufacturing Co has seen its stock lose -37.12% over the past year, overperforming other tech stocks by 4 percentage points.

Taiwan Semiconductor Manufacturing Co has an average 1 year price target of $126.00, an upside of 72.53% from Taiwan Semiconductor Manufacturing Co's current stock price of $73.03.

Taiwan Semiconductor Manufacturing Co stock has a consensus Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Taiwan Semiconductor Manufacturing Co, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% 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 140 tech stocks that have issued dividends in the past year, the 3 tech stocks with the highest dividend yields are:

1. Solarwinds (NYSE:SWI)


Solarwinds (NYSE:SWI) has an annual dividend yield of N/A, which is N/A percentage points lower than the tech sector average of 2.65%.

Solarwinds's dividend payout ratio of -36.5% indicates that its dividend yield might not be sustainable for the long-term.

2. Himax Technologies (NASDAQ:HIMX)


Himax Technologies (NASDAQ:HIMX) has an annual dividend yield of 24.65%, which is 22 percentage points higher than the tech sector average of 2.65%. Himax Technologies's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Himax Technologies's dividend has shown consistent growth over the last 10 years.

3. Natural Health Trends (NASDAQ:NHTC)


Natural Health Trends (NASDAQ:NHTC) has an annual dividend yield of 20.62%, which is 18 percentage points higher than the tech sector average of 2.65%. Natural Health Trends's dividend payout is not stable, having dropped more than 10% seven times in the last 10 years. Natural Health Trends's dividend has shown consistent growth over the last 10 years.

Natural Health Trends's dividend payout ratio of 1,142.9% indicates that its high dividend yield might not be sustainable for the long-term.

Why are tech stocks up?

Tech stocks were up 0.83% in the last day, and down -5.58% over the last week. Swvl Holdings was the among the top gainers in the technology sector, gaining 8% yesterday.

Swvl Holdings shares are trading higher after Alliance Global Partners initiated coverage on the stock with a Buy rating and $5 price target.

What are the most undervalued tech stocks?

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

1. Jiayin Group (NASDAQ:JFIN)


Jiayin Group (NASDAQ:JFIN) is the most undervalued tech stock based on WallStreetZen's Valuation Score. Jiayin Group has a valuation score of 100, which is 65 points higher than the tech sector average of 35. It passed 7 out of 7 valuation due diligence checks.

Jiayin Group's stock has dropped -49.55% in the past year. It has underperformed other stocks in the tech sector by -8 percentage points.

2. Yunji (NASDAQ:YJ)


Yunji (NASDAQ:YJ) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Yunji has a valuation score of 100, which is 65 points higher than the tech sector average of 35. It passed 7 out of 7 valuation due diligence checks.

Yunji's stock has gained 18.75% in the past year. It has overperformed other stocks in the tech sector by 60 percentage points.

3. Clps (NASDAQ:CLPS)


Clps (NASDAQ:CLPS) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Clps has a valuation score of 100, which is 65 points higher than the tech sector average of 35. It passed 7 out of 7 valuation due diligence checks.

Clps's stock has dropped -49.65% in the past year. It has underperformed other stocks in the tech sector by -8 percentage points.

Are tech stocks a good buy now?

41.71% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 62.23% 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 44.14x.
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.