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Best Tech Stocks to Buy Now (2023)
Top tech stocks in 2023 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
SMTC
SEMTECH CORP
NASDAQ
Semiconductors
$2.10B$32.91-3.18%$228.03M14.31x0.85
ENPH
ENPHASE ENERGY INC
NASDAQ
Solar
$30.31B$222.990.03%$408.00M100.90x3.42
SYNA
SYNAPTICS INC
NASDAQ
Semiconductors
$4.83B$122.64-1.86%$545.60M20.75x1.10
IMOS
CHIPMOS TECHNOLOGIES INC
NASDAQ
Semiconductors
$854.14M$23.49-3.13%$376.34M4.96x0.76
CAN
CANAAN INC
NASDAQ
Computer Hardware
$627.51M$3.34-7.22%N/A1.64x0.15
PRFT
PERFICIENT INC
NASDAQ
Information Technology Services
$2.75B$79.45-1.91%$140.99M32.70x1.47
CD
CHINDATA GROUP HOLDINGS LTD
NASDAQ
Information Technology Services
$3.15B$8.59-4.56%$266.43M34.64x1.08
MXL
MAXLINEAR INC
NYSE
Semiconductors
$3.06B$38.87-4.43%$264.70M24.29x0.75
BELFA
BEL FUSE INC
NASDAQ
Electronic Components
$513.30M$41.131.48%$70.42M11.55x1.35
VSH
VISHAY INTERTECHNOLOGY INC
NYSE
Semiconductors
$3.39B$23.91-1.28%$757.77M8.79x0.91
DIOD
DIODES INC
NASDAQ
Semiconductors
$4.17B$91.65-2.69%$533.10M13.60x0.65
CSIQ
CANADIAN SOLAR INC
NASDAQ
Solar
$2.62B$40.55-0.20%N/A13.84x3.67
GLOB
GLOBANT SA
NYSE
Software - Application
$7.12B$170.110.14%N/A51.08x0.37
PLAB
PHOTRONICS INC
NASDAQ
Semiconductor Equipment & Materials
$1.15B$18.68-2.71%$260.76M9.53x0.31
IMXI
INTERNATIONAL MONEY EXPRESS INC
NASDAQ
Information Technology Services
$866.15M$23.37-1.68%$90.83M15.58x1.75
TAIT
TAITRON COMPONENTS INC
NASDAQ
Electronics & Computer Distribution
$24.46M$4.082.00%$2.35M6.80x0.07
CLFD
CLEARFIELD INC
NASDAQ
Communication Equipment
$880.24M$63.702.71%$67.56M17.79x0.55
DLO
DLOCAL LTD
NASDAQ
Software - Infrastructure
$4.88B$16.51-1.37%$145.77M43.45x1.21
AVGO
BROADCOM INC
NASDAQ
Semiconductors
$251.27B$601.300.62%$19.16B21.91x2.23
HCKT
HACKETT GROUP INC
NASDAQ
Information Technology Services
$711.73M$22.45-0.71%$57.29M14.67x0.37
QCOM
QUALCOMM INC
NASDAQ
Semiconductors
$148.22B$132.93-1.55%$15.69B12.68x1.66
ACMR
ACM RESEARCH INC
NASDAQ
Semiconductor Equipment & Materials
$718.28M$12.080.25%$66.35M16.62x0.58
MPWR
MONOLITHIC POWER SYSTEMS INC
NASDAQ
Semiconductors
$21.11B$449.68-1.45%$502.81M53.47x0.26
SGH
SMART GLOBAL HOLDINGS INC
NASDAQ
Semiconductors
$875.35M$17.79-4.10%$159.00M17.11x4.11
OMCL
OMNICELL INC
NASDAQ
Health Information Services
$2.47B$55.38-3.40%$145.20M50.81x0.92
AMD
ADVANCED MICRO DEVICES INC
NASDAQ
Semiconductors
$134.92B$83.68-2.80%$5.76B49.51x0.24
EPAM
EPAM SYSTEMS INC
NYSE
Information Technology Services
$21.16B$367.86-2.13%$611.16M51.52x0.35
ADI
ANALOG DEVICES INC
NASDAQ
Semiconductors
$90.43B$177.55-0.71%$5.55B33.56x0.38
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
NASDAQ
Information Technology Services
$34.35B$66.83-2.04%$3.63B14.85x0.45
SMCI
SUPER MICRO COMPUTER INC
NASDAQ
Computer Hardware
$4.46B$83.21-1.34%$732.98M7.54x0.69
ASYS
AMTECH SYSTEMS INC
NASDAQ
Semiconductor Equipment & Materials
$154.28M$11.020.82%$19.02M8.89x0.36
NSIT
INSIGHT ENTERPRISES INC
NASDAQ
Information Technology Services
$3.92B$112.68-2.96%$449.47M14.87x2.08
ARBE
ARBE ROBOTICS LTD
NASDAQ
Software - Infrastructure
$235.76M$3.70-2.37%-$47.15M2.82x0.21
NTES
NETEASE INC
NASDAQ
Internet Content & Information
$57.66B$88.36-1.71%$4.17B18.82x0.60
OSTK
OVERSTOCKCOM INC
NASDAQ
Internet Retail
$1.05B$22.96-3.81%$35.55M109.33x0.41
APPS
DIGITAL TURBINE INC
NASDAQ
Software - Application
$1.66B$16.78-2.89%$157.51M30.51x1.36
AOSL
ALPHA & OMEGA SEMICONDUCTOR LTD
NASDAQ
Semiconductors
$988.33M$36.06-3.04%$535.45M2.12x0.48
DAVA
ENDAVA PLC
NYSE
Software - Infrastructure
$5.18B$91.32-1.93%$117.54M45.94x0.43
ASX
ASE TECHNOLOGY HOLDING CO LTD
NYSE
Semiconductors
$6.41B$7.34-2.52%N/A2.62x1.50
RELL
RICHARDSON ELECTRONICS LTD
NASDAQ
Electronic Components
$333.71M$23.71-1.29%$27.30M13.87x0.30
OTEX
OPEN TEXT CORP
NASDAQ
Software - Application
$9.43B$34.850.43%$1.09B29.53x1.72
FORM
FORMFACTOR INC
NASDAQ
Semiconductors
$2.22B$28.76-3.62%$150.95M24.79x0.27
GPRO
GOPRO INC
NASDAQ
Consumer Electronics
$859.16M$5.51-3.16%$108.30M10.80x0.80
PDD
PINDUODUO INC
NASDAQ
Internet Retail
$118.26B$93.81-1.92%$4.96B29.58x0.95
KIND
NEXTDOOR HOLDINGS INC
NYSE
Internet Content & Information
$901.73M$2.44-3.56%-$128.25M2.28x0.15
SANM
SANMINA CORP
NASDAQ
Electronic Components
$3.66B$62.72-0.08%$533.71M13.01x1.44
NTAP
NETAPP INC
NASDAQ
Computer Hardware
$14.25B$66.08-2.28%$1.43B9.83x7.14
PAYA
PAYA HOLDINGS INC
NASDAQ
Software - Application
$1.29B$9.730.00%$58.70M139.00x1.63
PUBM
PUBMATIC INC
NASDAQ
Software - Application
$836.33M$15.91-2.21%$91.40M18.50x1.06
EEFT
EURONET WORLDWIDE INC
NASDAQ
Software - Infrastructure
$5.63B$113.48-3.14%$438.95M35.46x3.70
QRVO
QORVO INC
NASDAQ
Semiconductors
$10.21B$102.24-4.34%$984.19M23.78x0.70
ERIC
ERICSSON LM TELEPHONE CO
NASDAQ
Communication Equipment
$17.60B$5.73-3.05%$3.34B7.91x1.81
TIXT
TELUS INTERNATIONAL (CDA) INC
NYSE
Software - Infrastructure
$6.13B$23.05-1.20%$569.00M32.93x1.02
AMKR
AMKOR TECHNOLOGY INC
NASDAQ
Semiconductors
$7.21B$29.42-2.74%$1.54B8.78x0.91
ELTK
ELTEK LTD
NASDAQ
Electronic Components
$25.15M$4.30-2.05%$4.52M4.02x0.95
SONO
SONOS INC
NASDAQ
Consumer Electronics
$2.29B$18.05-4.55%$107.79M34.06x1.12
KLIC
KULICKE & SOFFA INDUSTRIES INC
NASDAQ
Semiconductor Equipment & Materials
$3.16B$55.81-1.27%$365.56M10.47x0.32
AEHR
AEHR TEST SYSTEMS
NASDAQ
Semiconductor Equipment & Materials
$994.07M$35.81-0.03%$12.36M77.85x0.19
FISV
FISERV INC
NASDAQ
Information Technology Services
$67.57B$106.40-0.19%$6.41B33.15x1.47
BIDU
BAIDU INC
NASDAQ
Internet Content & Information
$49.81B$142.82-0.17%N/A94.40x0.73
PRGS
PROGRESS SOFTWARE CORP
NASDAQ
Software - Application
$2.43B$56.02-1.15%$145.83M25.58x2.54
DV
DOUBLEVERIFY HOLDINGS INC
NYSE
Software - Application
$4.59B$27.840.54%$85.97M81.88x0.19
ACLS
AXCELIS TECHNOLOGIES INC
NASDAQ
Semiconductor Equipment & Materials
$3.81B$115.94-1.78%$201.16M23.76x0.47
AZTA
AZENTA INC
NASDAQ
Semiconductor Equipment & Materials
$4.29B$57.22-1.85%$2.19B2.01x0.11
PERI
PERION NETWORK LTD
NASDAQ
Internet Content & Information
$1.52B$33.74-0.56%$102.46M18.14x0.43
SIMO
SILICON MOTION TECHNOLOGY CORP
NASDAQ
Semiconductors
$2.31B$66.02-1.79%$264.42M11.54x0.48
SCPL
SCIPLAY CORP
NASDAQ
Electronic Gaming & Multimedia
$2.06B$16.29-1.39%$36.80M23.27x1.41
CCRD
CORECARD CORP
NYSE
Software - Application
$290.80M$34.16-0.20%$25.09M18.98x0.22
LRCX
LAM RESEARCH CORP
NASDAQ
Semiconductor Equipment & Materials
$70.30B$520.95-1.57%$6.13B13.96x1.31
LQDT
LIQUIDITY SERVICES INC
NASDAQ
Internet Retail
$443.92M$14.06-7.26%$58.94M11.07x0.74
SWKS
SKYWORKS SOLUTIONS INC
NASDAQ
Semiconductors
$17.50B$109.28-2.84%$2.21B13.92x0.62
EA
ELECTRONIC ARTS INC
NASDAQ
Electronic Gaming & Multimedia
$30.97B$112.19-1.52%$1.84B34.95x0.68
PAYC
PAYCOM SOFTWARE INC
NYSE
Software - Application
$19.79B$329.69-2.30%$433.93M76.49x2.08
SCSC
SCANSOURCE INC
NASDAQ
Electronics & Computer Distribution
$870.96M$34.50-2.35%$159.35M9.66x1.42
NXPI
NXP SEMICONDUCTORS NV
NASDAQ
Semiconductors
$48.55B$187.37-1.87%$4.80B18.53x2.19
LOGI
LOGITECH INTERNATIONAL SA
NASDAQ
Computer Hardware
$9.38B$58.52-3.48%$646.35M22.17x0.66
LSCC
LATTICE SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$10.74B$78.38-1.45%$196.78M69.36x0.72
KOSS
KOSS CORP
NASDAQ
Consumer Electronics
$56.98M$6.206.90%$10.36M5.90x0.24
RCM
R1 RCM INC
NASDAQ
Health Information Services
$5.88B$14.11-2.01%$198.70M100.79x0.84
ANET
ARISTA NETWORKS INC
NYSE
Computer Hardware
$39.63B$129.69-1.72%$1.44B34.17x0.41
UMC
UNITED MICROELECTRONICS CORP
NYSE
Semiconductors
$20.22B$8.10-3.57%$4.41B7.92x0.65
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
NYSE
Semiconductors
$476.24B$91.83-2.99%$45.15B17.26x0.69
TXN
TEXAS INSTRUMENTS INC
NASDAQ
Semiconductors
$164.02B$181.00-0.71%$11.23B19.03x0.87
OIIM
O2MICRO INTERNATIONAL LTD
NASDAQ
Semiconductors
$133.93M$4.700.43%$17.43M9.40x0.19
CDNS
CADENCE DESIGN SYSTEMS INC
NASDAQ
Software - Application
$51.00B$185.910.03%$1.17B64.55x0.84
AVT
AVNET INC
NASDAQ
Electronics & Computer Distribution
$4.25B$46.49-0.66%$1.35B5.16x1.69
ACN
ACCENTURE PLC
NYSE
Information Technology Services
$187.44B$284.48-1.64%$11.41B25.49x1.02
FORTY
FORMULA SYSTEMS (1985) LTD
NASDAQ
Information Technology Services
$1.24B$80.850.00%N/A15.11x2.82
MTSI
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC
NASDAQ
Semiconductors
$4.66B$65.89-0.15%$198.82M13.96x0.84
SNCE
SCIENCE 37 HOLDINGS INC
NASDAQ
Health Information Services
$72.68M$0.620.81%-$33.25M0.13x0.19
VIAV
VIAVI SOLUTIONS INC
NASDAQ
Communication Equipment
$2.54B$11.31-3.00%$193.00M34.27x1.66
SPSC
SPS COMMERCE INC
NASDAQ
Software - Infrastructure
$4.99B$138.57-4.04%$91.92M96.23x0.26
EXLS
EXLSERVICE HOLDINGS INC
NASDAQ
Information Technology Services
$5.60B$169.51-1.44%$267.77M40.55x0.87
CLBT
CELLEBRITE DI LTD
NASDAQ
Software - Infrastructure
$980.48M$5.39-2.71%$173.21M5.73x4.93
ARW
ARROW ELECTRONICS INC
NYSE
Electronics & Computer Distribution
$7.98B$129.66-2.15%$2.24B6.01x2.90
TER
TERADYNE INC
NASDAQ
Semiconductor Equipment & Materials
$16.66B$106.95-0.96%$1.02B22.33x0.47
SLP
SIMULATIONS PLUS INC
NASDAQ
Health Information Services
$864.21M$42.51-0.42%$16.53M80.21x0.06
MELI
MERCADOLIBRE INC
NASDAQ
Internet Retail
$59.12B$1,175.44-0.99%$1.05B218.89x6.33
ESMT
ENGAGESMART INC
NYSE
Software - Application
$3.24B$19.60-1.41%$34.31M245.00x0.10
YALA
YALLA GROUP LTD
NYSE
Software - Application
$779.06M$5.024.37%N/A9.13x0.14

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
69-0.74%+1.90%+2.96%-8.54%17.87x3.38x-30.04%+9.78%+17.62%+23.58%Buy
35-2.27%+4.42%+8.47%-21.12%25.33x4.14x-72.58%+8.19%+19.11%+22.27%Buy
19-2.12%+2.45%+9.93%-22.89%25.11x21.69x+155.55%+26.19%+53.08%+40.67%Buy
40-0.78%+5.87%+11.28%+1.64%21.34x3.40x+19.58%+8.16%+14.60%+12.27%Buy
27-3.21%-1.93%+4.98%-36.11%-103.77x3.97x-28.16%-2.53%-3.66%+30.98%Buy
8-2.21%+7.19%+13.83%+5.85%2.75x1.27x+21.60%+7.00%+18.18%+3.67%Buy
56-1.92%+2.54%+12.14%-37.52%17.87x2.96x-21.65%-6.92%-9.45%+38.89%Buy
73-1.43%+3.38%+6.41%-9.12%35.06x3.72x+52.81%+7.84%+15.91%+11.77%Buy
70-0.98%+6.88%+21.35%-34.16%20.78x4.36x+16.58%+13.24%+16.16%+66.90%Buy
50-1.31%+1.71%+24.99%-12.28%-180.05x4.92x-1.39%+0.41%+1.27%+34.75%Buy
33-2.17%+2.96%+7.35%-8.36%27.10x3.19x+14.63%+7.34%+10.86%+15.52%Buy
30-1.77%+5.19%+12.24%-6.23%28.76x9.57x+65.31%+20.59%+35.69%+8.30%Strong Buy
68-1.48%+5.53%+14.92%-9.67%30.29x4.60x+31.84%+15.73%+20.54%+10.43%Buy
266-1.39%+4.78%+17.69%-27.62%47.75x5.26x-21.48%-3.31%-2.26%+20.91%Buy
125-1.77%+3.41%+12.77%-21.50%15.46x10.35x-167.25%+13.26%+22.45%+22.74%Buy
18+0.33%+3.06%+7.56%+50.59%119.39x4.22x+21.91%+4.67%+7.53%+15.91%Buy

Tech Stocks FAQ

What are the best tech stocks to buy right now in Feb 2023?

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

1. Semtech (NASDAQ:SMTC)


Semtech (NASDAQ:SMTC) is the top tech stock with a Zen Score of 66, which is 35 points higher than the tech sector average of 31. It passed 21 out of 33 due diligence checks and has strong fundamentals. Semtech has seen its stock lose -53.35% over the past year, underperforming other tech stocks by -36 percentage points.

Semtech has an average 1 year price target of $60.00, an upside of 82.32% from Semtech's current stock price of $32.91.

Semtech stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Semtech, 37.5% have issued a Strong Buy rating, 0% have issued a Buy, 62.5% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Chipmos Technologies (NASDAQ:IMOS)


Chipmos Technologies (NASDAQ:IMOS) is the second best tech stock with a Zen Score of 65, which is 34 points higher than the tech sector average of 31. It passed 23 out of 38 due diligence checks and has strong fundamentals. Chipmos Technologies has seen its stock lose -28.58% over the past year, underperforming other tech stocks by -11 percentage points.

3. Canaan (NASDAQ:CAN)


Canaan (NASDAQ:CAN) is the third best tech stock with a Zen Score of 65, which is 34 points higher than the tech sector average of 31. It passed 21 out of 33 due diligence checks and has strong fundamentals. Canaan has seen its stock lose -30.85% over the past year, underperforming other tech stocks by -13 percentage points.

Canaan has an average 1 year price target of $7.67, an upside of 129.55% from Canaan's current stock price of $3.34.

Canaan stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Canaan, 66.67% have issued a Strong Buy rating, 33.33% 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 133 tech stocks that have issued dividends in the past year, the 3 tech stocks with the highest dividend yields are:

1. Natural Health Trends (NASDAQ:NHTC)


Natural Health Trends (NASDAQ:NHTC) has an annual dividend yield of 16.53%, which is 14 percentage points higher than the tech sector average of 2.22%. 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 2,666.7% indicates that its high 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 15.38%, which is 13 percentage points higher than the tech sector average of 2.22%. 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. Chipmos Technologies (NASDAQ:IMOS)


Chipmos Technologies (NASDAQ:IMOS) has an annual dividend yield of 12.43%, which is 10 percentage points higher than the tech sector average of 2.22%. Chipmos Technologies's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Chipmos Technologies's dividend has shown consistent growth over the last 10 years.

Chipmos Technologies's dividend payout ratio of 33.1% indicates that its high dividend yield is sustainable for the long-term.

Why are tech stocks down?

Tech stocks were down -1.48% in the last day, and up 4.08% over the last week. Cuentas was the among the top losers in the technology sector, dropping -15.36% yesterday.

Cuentas shares are trading lower after the company announced a $5 million registered direct offering priced at $1.32 per share.

What are the most undervalued tech stocks?

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

1. Eltek (NASDAQ:ELTK)


Eltek (NASDAQ:ELTK) is the most undervalued tech stock based on WallStreetZen's Valuation Score. Eltek has a valuation score of 100, which is 72 points higher than the tech sector average of 28. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 6.44% in the past year. It has overperformed other stocks in the tech sector by 24 percentage points.

2. Canaan (NASDAQ:CAN)


Canaan (NASDAQ:CAN) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Canaan has a valuation score of 100, which is 72 points higher than the tech sector average of 28. It passed 7 out of 7 valuation due diligence checks.

Canaan's stock has dropped -30.85% in the past year. It has underperformed other stocks in the tech sector by -13 percentage points.

3. Canadian Solar (NASDAQ:CSIQ)


Canadian Solar (NASDAQ:CSIQ) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Canadian Solar has a valuation score of 100, which is 72 points higher than the tech sector average of 28. It passed 7 out of 7 valuation due diligence checks.

Canadian Solar's stock has gained 51.82% in the past year. It has overperformed other stocks in the tech sector by 70 percentage points.

Are tech stocks a good buy now?

40.05% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 20.97% 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 3.36x.
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.