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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
PRFT
PERFICIENT INC
NASDAQ
Information Technology Services
$2.34B$67.26-2.58%$173.83M22.35x1.05
G
GENPACT LTD
NYSE
Information Technology Services
$6.49B$35.75-1.00%$724.36M15.21x1.29
AEHR
AEHR TEST SYSTEMS
NASDAQ
Semiconductor Equipment & Materials
$493.32M$17.100.88%$21.18M23.42x0.16
GCT
GIGACLOUD TECHNOLOGY INC
NASDAQ
Software - Infrastructure
$1.12B$27.435.66%$93.84M15.76x1.08
LOGI
LOGITECH INTERNATIONAL SA
NASDAQ
Computer Hardware
$13.43B$86.74-1.20%$621.79M27.98x0.67
AGYS
AGILYSYS INC
NASDAQ
Software - Application
$2.18B$79.581.08%$25.15M23.90x0.51
EXLS
EXLSERVICE HOLDINGS INC
NASDAQ
Information Technology Services
$4.99B$30.26-1.43%$311.86M28.71x0.39
HLIT
HARMONIC INC
NASDAQ
Communication Equipment
$1.50B$13.38-0.52%$34.09M17.84x0.76
QCOM
QUALCOMM INC
NASDAQ
Semiconductors
$169.64B$152.010.03%$10.47B21.84x1.26
SEDG
SOLAREDGE TECHNOLOGIES INC
NASDAQ
Solar
$4.21B$74.14-12.18%$326.58M19.16x0.87
FSLR
FIRST SOLAR INC
NASDAQ
Solar
$16.03B$150.03-2.10%$805.91M33.79x0.52
RDVT
RED VIOLET INC
NASDAQ
Software - Application
$249.52M$17.900.67%$9.44M19.25x0.06
RELL
RICHARDSON ELECTRONICS LTD
NASDAQ
Electronic Components
$125.51M$8.79-1.68%$12.86M12.38x0.24
DLO
DLOCAL LTD
NASDAQ
Software - Infrastructure
$4.61B$15.94-1.67%$245.49M33.21x1.34
LYTS
LSI INDUSTRIES INC
NASDAQ
Electronic Components
$409.02M$14.07-1.95%$46.44M14.97x0.49
CSCO
CISCO SYSTEMS INC
NASDAQ
Communication Equipment
$196.30B$48.480.41%$18.18B14.65x1.19
ERIC
ERICSSON LM TELEPHONE CO
NASDAQ
Communication Equipment
$17.84B$5.35-0.19%$2.51B10.09x1.59
HKD
AMTD DIGITAL INC
NYSE
Software - Application
$744.72M$3.892.91%$49.41M17.37x0.31
UMC
UNITED MICROELECTRONICS CORP
NYSE
Semiconductors
$19.31B$7.72-0.64%$4.33B7.45x0.69
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
NASDAQ
Information Technology Services
$38.57B$77.470.95%$3.39B18.40x0.40
ANET
ARISTA NETWORKS INC
NYSE
Computer Hardware
$79.56B$254.49-1.97%$2.51B37.70x0.38
SIMO
SILICON MOTION TECHNOLOGY CORP
NASDAQ
Semiconductors
$2.24B$67.710.56%$231.58M13.02x0.31
KLIC
KULICKE & SOFFA INDUSTRIES INC
NASDAQ
Semiconductor Equipment & Materials
$2.73B$48.45-0.29%$96.78M53.24x0.28
MSFT
MICROSOFT CORP
NASDAQ
Software - Infrastructure
$2.99T$402.18-0.15%$120.93B36.23x0.98
ACMR
ACM RESEARCH INC
NASDAQ
Semiconductor Equipment & Materials
$1.16B$19.134.31%$97.93M15.94x0.73
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
NASDAQ
Information Technology Services
$525.82M$10.71-4.38%$76.81M13.22x0.93
ADI
ANALOG DEVICES INC
NASDAQ
Semiconductors
$96.07B$193.722.28%$5.56B34.41x0.36
DOX
AMDOCS LTD
NASDAQ
Software - Infrastructure
$10.44B$89.62-0.24%$865.94M19.03x0.81
FI
FISERV INC
NYSE
Information Technology Services
$88.61B$147.64-0.20%$7.71B30.69x1.82
TER
TERADYNE INC
NASDAQ
Semiconductor Equipment & Materials
$15.22B$99.58-0.59%$695.72M30.55x0.38
PANW
PALO ALTO NETWORKS INC
NASDAQ
Software - Infrastructure
$84.64B$261.97-28.44%$1.21B36.38x3.20
TAIT
TAITRON COMPONENTS INC
NASDAQ
Electronics & Computer Distribution
$19.45M$3.23-1.22%$2.41M10.77x0.07
EPAM
EPAM SYSTEMS INC
NYSE
Information Technology Services
$17.24B$298.830.34%$743.42M36.35x0.26
INTT
INTEST CORP
NYSEMKT
Semiconductor Equipment & Materials
$141.80M$11.66-0.85%$19.91M11.00x0.42
BELFA
BEL FUSE INC
NASDAQ
Electronic Components
$956.20M$74.871.17%$103.84M13.16x0.74
GRMN
GARMIN LTD
NYSE
Scientific & Technical Instruments
$25.62B$133.588.82%$1.38B19.82x0.23
SANM
SANMINA CORP
NASDAQ
Electronic Components
$3.27B$58.62-1.87%$517.50M12.26x1.03
RMBS
RAMBUS INC
NASDAQ
Semiconductors
$6.05B$56.312.27%$192.84M21.09x0.24
KARO
KAROOOOO LTD
NASDAQ
Software - Application
$765.11M$24.72-0.16%N/A21.84x0.49
TSEM
TOWER SEMICONDUCTOR LTD
NASDAQ
Semiconductors
$3.67B$33.31-1.80%$804.25M7.09x0.20
CLRO
CLEARONE INC
NASDAQ
Communication Equipment
$23.84M$1.002.58%$30.06M1.13x0.17
IBEX
IBEX LTD
NASDAQ
Information Technology Services
$253.04M$14.40-0.55%$76.09M6.70x0.91
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
NASDAQ
Software - Application
$15.80B$63.82-0.30%$1.99B25.73x1.62
SHLS
SHOALS TECHNOLOGIES GROUP INC
NASDAQ
Solar
$2.56B$15.06-5.52%$164.65M13.33x0.60
ZI
ZOOMINFO TECHNOLOGIES INC
NASDAQ
Software - Application
$6.49B$17.080.29%$514.60M63.26x2.24
TTD
TRADE DESK INC
NASDAQ
Software - Application
$40.13B$82.08-0.58%$328.86M221.84x1.26
MPTI
M-TRON INDUSTRIES INC
NYSEMKT
Electronic Components
$104.54M$37.502.54%$5.72M27.99x0.23
ON
ON SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$33.17B$77.620.19%$3.22B15.31x0.70
YALA
YALLA GROUP LTD
NYSE
Software - Application
$780.30M$4.86-0.41%N/A7.36x0.14
FFIV
F5 INC
NASDAQ
Software - Infrastructure
$10.65B$181.09-1.12%$715.72M23.46x0.87
DV
DOUBLEVERIFY HOLDINGS INC
NYSE
Software - Application
$7.07B$41.610.73%$130.15M122.38x0.16
ZM
ZOOM VIDEO COMMUNICATIONS INC
NASDAQ
Software - Application
$18.68B$61.350.05%$569.29M78.65x0.26
SURG
SURGEPAYS INC
NASDAQ
Software - Application
$100.81M$7.09-1.94%$22.70M4.76x0.82
SCSC
SCANSOURCE INC
NASDAQ
Electronics & Computer Distribution
$1.03B$40.87-1.59%$163.31M11.58x0.87
ADSK
AUTODESK INC
NASDAQ
Software - Application
$54.02B$252.52-1.07%$1.23B58.86x5.23
KEYS
KEYSIGHT TECHNOLOGIES INC
NYSE
Scientific & Technical Instruments
$25.21B$144.04-6.73%$1.65B24.21x0.87
CRM
SALESFORCE INC
NYSE
Software - Application
$274.48B$283.55-0.99%$7.38B106.60x0.57
ALGM
ALLEGRO MICROSYSTEMS INC
NASDAQ
Semiconductors
$6.00B$31.050.84%$315.07M27.00x0.38
OLED
UNIVERSAL DISPLAY CORP
NASDAQ
Electronic Components
$8.70B$183.75-1.11%$297.77M42.53x0.17
NOW
SERVICENOW INC
NYSE
Software - Application
$153.33B$747.94-0.65%$1.57B88.20x1.28
SWKS
SKYWORKS SOLUTIONS INC
NASDAQ
Semiconductors
$16.59B$103.52-0.38%$1.59B18.23x0.32
NVEC
NVE CORP
NASDAQ
Semiconductors
$395.13M$81.751.30%$25.44M18.37x0.02
ASML
ASML HOLDING NV
NASDAQ
Semiconductor Equipment & Materials
$357.31B$908.21-0.15%$10.72B42.42x1.97
NXPI
NXP SEMICONDUCTORS NV
NASDAQ
Semiconductors
$60.66B$235.321.72%$4.83B21.59x1.79
DSWL
DESWELL INDUSTRIES INC
NASDAQ
Electronic Components
$35.54M$2.230.00%$7.93M5.79x0.22
AMAT
APPLIED MATERIALS INC
NASDAQ
Semiconductor Equipment & Materials
$158.18B$190.330.63%$8.47B23.32x0.88
LSCC
LATTICE SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$9.93B$72.210.06%$254.01M38.41x0.22
DSGX
DESCARTES SYSTEMS GROUP INC
NASDAQ
Software - Application
$7.24B$85.07-1.57%$213.70M63.01x0.21
DAVA
ENDAVA PLC
NYSE
Software - Infrastructure
$3.79B$65.66-1.00%N/A40.71x0.33
SPSC
SPS COMMERCE INC
NASDAQ
Software - Infrastructure
$6.74B$182.30-2.35%$120.31M101.28x0.23
PAGS
PAGSEGURO DIGITAL LTD
NYSE
Software - Infrastructure
$4.24B$12.860.39%$1.32B13.00x2.68
CRCT
CRICUT INC
NASDAQ
Computer Hardware
$1.09B$4.98-4.23%$108.05M20.75x0.37
PLXS
PLEXUS CORP
NASDAQ
Electronic Components
$2.60B$94.070.56%$251.30M20.58x1.61
ELTK
ELTEK LTD
NASDAQ
Electronic Components
$78.28M$13.25-10.17%$7.41M13.38x0.71
ATEN
A10 NETWORKS INC
NYSE
Software - Infrastructure
$955.64M$12.89-0.23%$49.75M23.87x0.92
PLAB
PHOTRONICS INC
NASDAQ
Semiconductor Equipment & Materials
$1.68B$26.88-13.90%$277.07M13.11x0.26
PSN
PARSONS CORP
NYSE
Information Technology Services
$7.97B$75.290.45%$368.76M49.21x1.06
SMCI
SUPER MICRO COMPUTER INC
NASDAQ
Computer Hardware
$41.06B$734.17-6.78%$907.53M53.55x0.76
ITRN
ITURAN LOCATION & CONTROL LTD
NASDAQ
Communication Equipment
$513.33M$25.78-1.11%$82.37M11.36x0.78
WNS
WNS (HOLDINGS) LTD
NYSE
Information Technology Services
$2.86B$59.86-1.24%N/A17.35x0.80
FTNT
FORTINET INC
NASDAQ
Software - Infrastructure
$50.18B$65.34-3.78%$1.34B44.45x99.94
IMMR
IMMERSION CORP
NASDAQ
Software - Application
$219.06M$6.880.00%$38.89M6.04x0.21
TSRI
TSR INC
NASDAQ
Software - Application
$18.21M$8.50-0.88%$2.50M11.48x0.40
ACLS
AXCELIS TECHNOLOGIES INC
NASDAQ
Semiconductor Equipment & Materials
$3.58B$109.32-2.31%$274.97M15.44x0.50
NTAP
NETAPP INC
NASDAQ
Computer Hardware
$17.43B$84.60-1.01%$1.30B25.87x10.78
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
NYSE
Semiconductors
$650.07B$125.340.01%$47.40B24.17x0.63
MPWR
MONOLITHIC POWER SYSTEMS INC
NASDAQ
Semiconductors
$34.21B$713.920.22%$565.77M75.15x0.20
TEL
TE CONNECTIVITY LTD
NYSE
Electronic Components
$43.46B$140.740.37%$3.37B13.26x0.75
IBM
INTERNATIONAL BUSINESS MACHINES CORP
NYSE
Information Technology Services
$164.09B$179.70-2.04%$13.97B23.55x4.60
CDW
CDW CORP
NASDAQ
Information Technology Services
$32.33B$241.34-0.19%$1.96B29.72x6.11
WDAY
WORKDAY INC
NASDAQ
Software - Application
$78.63B$298.96-1.00%$536.52M1,245.67x1.10
SPNS
SAPIENS INTERNATIONAL CORP N V
NASDAQ
Software - Application
$1.70B$30.491.30%$99.88M26.98x0.53
ASGN
ASGN INC
NYSE
Information Technology Services
$4.47B$94.78-0.32%$472.30M20.65x0.88
IMXI
INTERNATIONAL MONEY EXPRESS INC
NASDAQ
Software - Infrastructure
$731.86M$20.990.48%$109.39M13.72x2.93
CHKP
CHECK POINT SOFTWARE TECHNOLOGIES LTD
NASDAQ
Software - Infrastructure
$17.66B$154.87-3.27%$1.02B21.54x1.02
AUDC
AUDIOCODES LTD
NASDAQ
Communication Equipment
$401.27M$13.08-0.83%$17.02M46.71x0.79
ANSS
ANSYS INC
NASDAQ
Software - Application
$28.60B$328.63-1.06%$795.30M57.05x0.36
CALX
CALIX INC
NYSE
Software - Application
$2.23B$33.812.33%$65.84M46.32x0.23
CSGS
CSG SYSTEMS INTERNATIONAL INC
NASDAQ
Software - Infrastructure
$1.56B$53.061.88%$194.78M24.01x4.28
ADBE
ADOBE INC
NASDAQ
Software - Infrastructure
$243.41B$538.52-0.63%$7.86B45.37x0.80

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
66-0.14%+0.84%+0.94%-25.54%18.42x2.91x+68.59%+10.60%+19.33%+19.88%Buy
38-4.18%-10.20%+20.13%+120.29%31.74x11.54x-13.90%+9.85%+17.76%+9.04%Buy
18-0.31%-2.22%-5.11%+5.26%26.34x22.27x+149.75%+28.23%+53.09%+15.30%Buy
45-0.59%-2.10%+2.51%+8.57%26.25x3.45x+19.51%+9.16%+13.78%+4.50%Buy
10-0.20%-0.87%-2.36%+19.84%13.16x1.25x+12.27%+4.03%+13.28%+8.20%Hold
64-0.33%-0.15%-0.21%+11.35%27.36x4.73x+22.53%+7.11%+15.07%+6.18%Buy
33-0.45%+0.48%+1.65%-0.26%29.18x3.18x+9.99%+6.21%+9.51%+8.72%Buy
29-0.38%-1.70%+5.97%+46.03%36.80x11.50x+56.68%+19.27%+32.72%+7.09%Strong Buy
67-0.21%-3.41%+1.90%+32.23%54.81x7.65x+52.02%+28.60%+33.38%+3.90%Strong Buy
247-1.59%-3.62%+0.79%+26.25%111.75x6.78x+4.86%+3.44%+6.78%+9.19%Buy
140-3.62%-6.81%-3.31%+28.62%-47.36x11.88x+122.58%+15.15%+24.18%+10.44%Buy
23-3.41%-6.21%+7.44%-49.76%23.76x2.82x+14.36%+7.98%+12.54%+32.67%Buy

Tech Stocks FAQ

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

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 67, which is 38 points higher than the tech sector average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Perficient has seen its stock lose -8.49% over the past year, underperforming other tech stocks by -30 percentage points.

Perficient has an average 1 year price target of $73.00, an upside of 8.53% from Perficient's current stock price of $67.26.

Perficient stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Perficient, 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.

2. Genpact (NYSE:G)


Genpact (NYSE:G) is the second best tech stock with a Zen Score of 65, which is 36 points higher than the tech sector average of 29. It passed 24 out of 38 due diligence checks and has strong fundamentals. Genpact has seen its stock lose -25.58% over the past year, underperforming other tech stocks by -47 percentage points.

Genpact has an average 1 year price target of $39.40, an upside of 10.21% from Genpact's current stock price of $35.75.

Genpact stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Genpact, 0% have issued a Strong Buy rating, 20% have issued a Buy, 60% have issued a Hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

3. Aehr Test Systems (NASDAQ:AEHR)


Aehr Test Systems (NASDAQ:AEHR) is the third best tech stock with a Zen Score of 65, which is 36 points higher than the tech sector average of 29. It passed 21 out of 33 due diligence checks and has strong fundamentals. Aehr Test Systems has seen its stock lose -47.56% over the past year, underperforming other tech stocks by -69 percentage points.

What are the tech stocks with highest dividends?

Out of 123 tech stocks that have issued dividends in the past year, the 3 tech stocks with the highest dividend yields are:

1. Comtech Telecommunications (NASDAQ:CMTL)


Comtech Telecommunications (NASDAQ:CMTL) has an annual dividend yield of N/A, which is N/A percentage points lower than the tech sector average of 5.93%. Comtech Telecommunications's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Comtech Telecommunications's dividend has not shown consistent growth over the last 10 years.

Comtech Telecommunications's dividend payout ratio of -11.6% indicates that its dividend yield might not be sustainable for the long-term.

2. Virnetx Holding (NYSE:VHC)


Virnetx Holding (NYSE:VHC) has an annual dividend yield of 287.77%, which is 282 percentage points higher than the tech sector average of 5.93%. 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 -159.2% 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 105.26%, which is 99 percentage points higher than the tech sector average of 5.93%.

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 -1.47% in the last day, and down -3.51% over the last week. Unisys was the among the top losers in the technology sector, dropping -33.72% yesterday.

Unisys shares are trading lower after the company reported Q4 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. Solaredge Technologies (NASDAQ:SEDG)


Solaredge Technologies (NASDAQ:SEDG) is the most undervalued tech stock based on WallStreetZen's Valuation Score. Solaredge Technologies has a valuation score of 100, which is 76 points higher than the tech sector average of 24. It passed 7 out of 7 valuation due diligence checks.

Solaredge Technologies's stock has dropped -74.83% in the past year. It has underperformed other stocks in the tech sector by -96 percentage points.

2. Information Services Group (NASDAQ:III)


Information Services Group (NASDAQ:III) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Information Services Group has a valuation score of 86, which is 62 points higher than the tech sector average of 24. It passed 6 out of 7 valuation due diligence checks.

Information Services Group's stock has dropped -17.68% in the past year. It has underperformed other stocks in the tech sector by -39 percentage points.

3. Bel Fuse (NASDAQ:BELFA)


Bel Fuse (NASDAQ:BELFA) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Bel Fuse has a valuation score of 86, which is 62 points higher than the tech sector average of 24. It passed 6 out of 7 valuation due diligence checks.

Bel Fuse's stock has gained 79.96% in the past year. It has overperformed other stocks in the tech sector by 59 percentage points.

Are tech stocks a good buy now?

41.51% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 8.73% 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 25.87x.
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.