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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
FSLR
FIRST SOLAR INC
NASDAQ
Solar
$18.04B$168.800.81%$1.21B21.70x0.55
RMBS
RAMBUS INC
NASDAQ
Semiconductors
$6.67B$61.81-2.04%$237.08M20.00x0.21
AEHR
AEHR TEST SYSTEMS
NASDAQ
Semiconductor Equipment & Materials
$357.73M$12.40-0.48%$21.18M16.99x0.16
EXLS
EXLSERVICE HOLDINGS INC
NASDAQ
Information Technology Services
$5.27B$31.801.66%$321.74M28.65x0.38
LOGI
LOGITECH INTERNATIONAL SA
NASDAQ
Computer Hardware
$13.84B$89.371.03%$621.79M28.83x0.67
PRFT
PERFICIENT INC
NASDAQ
Information Technology Services
$1.97B$56.293.36%$166.44M19.34x1.01
DV
DOUBLEVERIFY HOLDINGS INC
NYSE
Software - Application
$6.02B$35.166.84%$144.56M81.77x0.16
ACLS
AXCELIS TECHNOLOGIES INC
NASDAQ
Semiconductor Equipment & Materials
$3.64B$111.52-0.84%$297.02M14.83x0.48
DLO
DLOCAL LTD
NASDAQ
Software - Infrastructure
$4.27B$14.700.07%$307.45M28.82x1.38
EPAM
EPAM SYSTEMS INC
NYSE
Information Technology Services
$15.97B$276.16-0.08%$669.29M38.30x0.25
OLED
UNIVERSAL DISPLAY CORP
NASDAQ
Electronic Components
$7.98B$168.450.42%$288.57M39.64x0.15
AGYS
AGILYSYS INC
NASDAQ
Software - Application
$2.31B$84.262.20%$25.15M25.30x0.51
GCT
GIGACLOUD TECHNOLOGY INC
NASDAQ
Software - Infrastructure
$1.09B$26.722.14%$121.59M11.57x1.92
QCOM
QUALCOMM INC
NASDAQ
Semiconductors
$188.94B$169.300.10%$10.47B24.32x1.26
MSFT
MICROSOFT CORP
NASDAQ
Software - Infrastructure
$3.13T$420.72-0.17%$120.93B37.90x0.98
CSCO
CISCO SYSTEMS INC
NASDAQ
Communication Equipment
$202.09B$49.910.28%$18.18B15.08x1.19
ELTK
ELTEK LTD
NASDAQ
Electronic Components
$67.07M$11.140.72%$8.61M10.31x0.76
YMM
FULL TRUCK ALLIANCE CO LTD
NYSE
Software - Application
$7.61B$7.27-1.09%N/A26.15x0.10
ANET
ARISTA NETWORKS INC
NYSE
Computer Hardware
$90.66B$289.980.54%$2.51B42.96x0.38
RDVT
RED VIOLET INC
NASDAQ
Software - Application
$273.00M$19.55-0.46%$10.86M20.15x0.08
G
GENPACT LTD
NYSE
Information Technology Services
$5.96B$32.950.58%$754.15M9.52x1.14
ODD
ODDITY TECH LTD
NASDAQ
Software - Infrastructure
$2.47B$43.451.09%$82.92M40.99x0.43
HLIT
HARMONIC INC
NASDAQ
Communication Equipment
$1.50B$13.44-0.59%$34.09M17.92x0.76
ADI
ANALOG DEVICES INC
NASDAQ
Semiconductors
$98.09B$197.792.31%$5.56B35.13x0.36
LYTS
LSI INDUSTRIES INC
NASDAQ
Electronic Components
$439.54M$15.120.53%$46.44M16.09x0.49
RELL
RICHARDSON ELECTRONICS LTD
NASDAQ
Electronic Components
$131.50M$9.210.33%$12.86M12.97x0.24
FI
FISERV INC
NYSE
Information Technology Services
$94.36B$159.820.31%$7.92B31.84x2.02
TER
TERADYNE INC
NASDAQ
Semiconductor Equipment & Materials
$17.27B$112.831.16%$640.26M38.77x0.38
HKD
AMTD DIGITAL INC
NYSE
Software - Application
$649.00M$3.39-0.29%$49.41M15.13x0.31
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
NASDAQ
Information Technology Services
$36.49B$73.29-0.45%$3.39B17.41x0.40
ON
ON SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$31.43B$73.55-2.72%$3.22B14.51x0.70
UMC
UNITED MICROELECTRONICS CORP
NYSE
Semiconductors
$20.23B$8.091.38%$4.33B7.81x0.69
CSIQ
CANADIAN SOLAR INC
NASDAQ
Solar
$1.30B$19.761.86%N/A4.72x3.20
PLAB
PHOTRONICS INC
NASDAQ
Semiconductor Equipment & Materials
$1.79B$28.32-1.56%$292.96M12.59x0.23
KLIC
KULICKE & SOFFA INDUSTRIES INC
NASDAQ
Semiconductor Equipment & Materials
$2.83B$50.311.45%$96.78M55.29x0.28
GRMN
GARMIN LTD
NYSE
Scientific & Technical Instruments
$28.55B$148.870.60%$1.38B22.09x0.23
KARO
KAROOOOO LTD
NASDAQ
Software - Application
$775.63M$25.06-2.20%N/A22.14x0.49
YALA
YALLA GROUP LTD
NYSE
Software - Application
$767.95M$4.810.84%N/A6.50x0.13
TAIT
TAITRON COMPONENTS INC
NASDAQ
Electronics & Computer Distribution
$19.63M$3.260.00%$2.41M10.87x0.07
ITRN
ITURAN LOCATION & CONTROL LTD
NASDAQ
Communication Equipment
$558.05M$27.96-1.65%$84.11M11.65x0.79
ACMR
ACM RESEARCH INC
NASDAQ
Semiconductor Equipment & Materials
$1.78B$29.141.53%$111.07M22.59x0.74
PANW
PALO ALTO NETWORKS INC
NASDAQ
Software - Infrastructure
$91.80B$284.130.66%$1.21B39.46x3.20
JKS
JINKOSOLAR HOLDING CO LTD
NYSE
Solar
$1.32B$25.191.82%N/A2.73x5.08
MPTI
M-TRON INDUSTRIES INC
NYSEMKT
Electronic Components
$83.88M$30.00-5.06%$5.19M23.26x0.22
TSEM
TOWER SEMICONDUCTOR LTD
NASDAQ
Semiconductors
$3.71B$33.451.39%$811.30M7.12x0.20
MRAM
EVERSPIN TECHNOLOGIES INC
NASDAQ
Semiconductors
$168.11M$7.92-1.00%$10.30M18.00x0.25
DOX
AMDOCS LTD
NASDAQ
Software - Infrastructure
$10.53B$90.370.52%$865.94M19.19x0.81
IMXI
INTERNATIONAL MONEY EXPRESS INC
NASDAQ
Software - Infrastructure
$770.11M$22.830.04%$116.20M13.67x2.87
ARRY
ARRAY TECHNOLOGIES INC
NASDAQ
Solar
$2.26B$14.91-1.26%$261.65M26.16x4.23
CDW
CDW CORP
NASDAQ
Information Technology Services
$34.33B$255.78-0.81%$1.95B31.19x5.50
ITRI
ITRON INC
NASDAQ
Scientific & Technical Instruments
$4.22B$92.521.07%$206.56M43.44x0.97
SCSC
SCANSOURCE INC
NASDAQ
Electronics & Computer Distribution
$1.11B$44.040.71%$163.31M12.48x0.87
IBEX
IBEX LTD
NASDAQ
Information Technology Services
$271.14M$15.432.80%$76.09M7.18x0.91
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
NASDAQ
Software - Application
$15.91B$64.37-0.28%$2.00B26.27x1.85
FORM
FORMFACTOR INC
NASDAQ
Semiconductors
$3.54B$45.631.74%$134.53M43.05x0.22
PAGS
PAGSEGURO DIGITAL LTD
NYSE
Software - Infrastructure
$4.71B$14.28-0.56%$1.34B13.73x3.16
TASK
TASKUS INC
NASDAQ
Information Technology Services
$1.03B$11.651.30%$157.49M23.78x0.96
ZI
ZOOMINFO TECHNOLOGIES INC
NASDAQ
Software - Application
$6.09B$16.031.14%$514.60M59.37x2.24
SIMO
SILICON MOTION TECHNOLOGY CORP
NASDAQ
Semiconductors
$2.54B$76.940.84%$231.58M14.80x0.31
CLRO
CLEARONE INC
NASDAQ
Communication Equipment
$43.85M$1.83-5.67%$30.06M2.08x0.17
ENPH
ENPHASE ENERGY INC
NASDAQ
Solar
$16.42B$120.980.98%$596.69M37.57x2.44
KEYS
KEYSIGHT TECHNOLOGIES INC
NYSE
Scientific & Technical Instruments
$27.30B$156.380.35%$1.56B28.54x0.88
AMSWA
AMERICAN SOFTWARE INC
NASDAQ
Software - Application
$380.37M$11.450.00%$18.73M31.81x0.37
DAVA
ENDAVA PLC
NYSE
Software - Infrastructure
$2.22B$38.040.56%N/A25.69x0.28
CRCT
CRICUT INC
NASDAQ
Computer Hardware
$1.03B$4.762.37%$115.13M19.04x0.40
FFIV
F5 INC
NASDAQ
Software - Infrastructure
$11.15B$189.590.40%$715.72M24.56x0.87
FTNT
FORTINET INC
NASDAQ
Software - Infrastructure
$52.12B$68.311.55%$1.43B46.47x-16.66
ADSK
AUTODESK INC
NASDAQ
Software - Application
$55.71B$260.42-0.21%$1.23B60.70x5.23
PAYS
PAYSIGN INC
NASDAQ
Software - Infrastructure
$193.86M$3.66-8.50%$6.79M30.50x4.99
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
NYSE
Information Technology Services
$24.13B$204.860.50%$1.25B35.26x2.87
ASGN
ASGN INC
NYSE
Information Technology Services
$4.87B$104.761.23%$464.40M23.07x0.87
ALGM
ALLEGRO MICROSYSTEMS INC
NASDAQ
Semiconductors
$5.21B$26.960.60%$315.07M23.44x0.38
ASML
ASML HOLDING NV
NASDAQ
Semiconductor Equipment & Materials
$381.80B$970.47-0.36%$10.72B45.33x1.97
HPE
HEWLETT PACKARD ENTERPRISE CO
NYSE
Communication Equipment
$23.05B$17.730.34%$4.93B11.98x1.73
DSWL
DESWELL INDUSTRIES INC
NASDAQ
Electronic Components
$35.62M$2.24-0.22%$7.93M5.81x0.22
SWKS
SKYWORKS SOLUTIONS INC
NASDAQ
Semiconductors
$17.36B$108.320.40%$1.59B19.07x0.32
ZM
ZOOM VIDEO COMMUNICATIONS INC
NASDAQ
Software - Application
$20.11B$65.37-1.88%$957.83M30.83x0.24
SPSC
SPS COMMERCE INC
NASDAQ
Software - Infrastructure
$6.84B$184.900.55%$120.31M102.72x0.23
LSCC
LATTICE SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$10.76B$78.23-1.76%$254.01M41.61x0.22
FTV
FORTIVE CORP
NYSE
Scientific & Technical Instruments
$30.23B$86.020.00%$1.57B34.97x0.64
SPNS
SAPIENS INTERNATIONAL CORP N V
NASDAQ
Software - Application
$1.79B$32.162.23%$99.88M28.46x0.54
WNS
WNS (HOLDINGS) LTD
NYSE
Information Technology Services
$2.39B$50.00-1.40%N/A14.49x0.80
SMCI
SUPER MICRO COMPUTER INC
NASDAQ
Computer Hardware
$56.49B$1,010.03-1.30%$907.53M73.67x0.76
AVGO
BROADCOM INC
NASDAQ
Semiconductors
$614.22B$1,325.410.51%$19.94B47.66x1.53
CIEN
CIENA CORP
NYSE
Communication Equipment
$7.15B$49.45-2.06%$532.24M31.90x0.91
GDYN
GRID DYNAMICS HOLDINGS INC
NASDAQ
Information Technology Services
$933.72M$12.290.41%$16.96M-614.50x0.14
PLXS
PLEXUS CORP
NASDAQ
Electronic Components
$2.62B$94.821.56%$251.30M20.75x1.61
TSRI
TSR INC
NASDAQ
Software - Application
$16.94M$7.900.00%$2.50M10.68x0.40
BELFA
BEL FUSE INC
NASDAQ
Electronic Components
$903.30M$70.811.46%$99.46M12.83x0.68
VSAT
VIASAT INC
NASDAQ
Communication Equipment
$2.27B$18.090.00%$1.35B2.32x2.26
SANM
SANMINA CORP
NASDAQ
Electronic Components
$3.47B$62.180.10%$517.50M13.01x1.03
TEL
TE CONNECTIVITY LTD
NYSE
Electronic Components
$44.85B$145.240.21%$3.37B13.69x0.75
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
NASDAQ
Information Technology Services
$562.18M$11.45-3.29%$71.07M15.27x0.88
CHKP
CHECK POINT SOFTWARE TECHNOLOGIES LTD
NASDAQ
Software - Infrastructure
$18.70B$164.01-0.09%$1.02B22.81x1.02
TTD
TRADE DESK INC
NASDAQ
Software - Application
$42.74B$87.420.24%$328.86M236.27x1.26
IBM
INTERNATIONAL BUSINESS MACHINES CORP
NYSE
Information Technology Services
$175.06B$190.960.08%$14.68B23.17x5.00
AUDC
AUDIOCODES LTD
NASDAQ
Communication Equipment
$397.81M$13.040.15%$17.02M46.57x0.79
DDOG
DATADOG INC
NASDAQ
Software - Application
$41.02B$123.600.07%$137.38M824.00x0.94
NOW
SERVICENOW INC
NYSE
Software - Application
$156.29B$762.400.45%$1.57B89.91x1.28
AMD
ADVANCED MICRO DEVICES INC
NASDAQ
Semiconductors
$291.63B$180.490.50%$4.17B340.55x0.22

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
66+0.19%+0.97%+6.13%-16.85%17.88x2.78x+68.44%+9.30%+17.93%+13.80%Buy
38-0.42%+1.54%+15.43%+178.99%41.47x14.35x-23.03%+10.00%+18.23%+0.26%Strong Buy
18-0.96%-1.29%-0.55%+3.03%24.50x21.00x+149.48%+28.19%+53.00%+21.60%Buy
44+0.04%+0.20%+0.90%+12.51%27.50x3.59x+19.48%+9.14%+13.49%+8.55%Buy
10-0.20%+2.62%+6.26%+26.94%13.64x1.35x+12.37%+3.98%+12.74%+2.22%Hold
65+0.14%-0.26%-2.06%+20.11%25.43x4.88x+25.64%+8.04%+16.41%+6.35%Buy
33+0.59%+1.17%+3.06%+11.18%-6.86x3.33x+8.81%+5.96%+8.82%+3.21%Buy
29+0.03%-1.31%+3.99%+56.08%39.18x12.11x+56.34%+19.31%+32.62%+1.78%Buy
69+0.92%+0.46%+5.30%+41.42%66.81x8.25x+51.72%+29.80%+33.60%+9.35%Strong Buy
248-1.40%+0.50%+6.36%+37.68%101.29x6.92x+7.36%+4.58%+7.44%+5.43%Buy
139+0.21%-1.31%-2.16%+23.58%89.41x12.26x-38.48%+15.17%+24.32%+12.83%Buy
23+0.43%+5.41%+3.57%-49.58%28.16x2.72x+15.13%+8.41%+12.78%+31.19%Buy

Tech Stocks FAQ

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

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

1. First Solar (NASDAQ:FSLR)


First Solar (NASDAQ:FSLR) 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 23 out of 33 due diligence checks and has strong fundamentals. First Solar has seen its stock lose -19.62% over the past year, underperforming other tech stocks by -49 percentage points.

First Solar has an average 1 year price target of $222.86, an upside of 32.02% from First Solar's current stock price of $168.80.

First Solar stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 14 analysts covering First Solar, 57.14% have issued a Strong Buy rating, 28.57% have issued a Buy, 14.29% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Rambus (NASDAQ:RMBS)


Rambus (NASDAQ:RMBS) is the second best tech stock with a Zen Score of 67, which is 37 points higher than the tech sector average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 42.12% over the past year, overperforming other tech stocks by 13 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 37.52% from Rambus's current stock price of $61.81.

Rambus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Rambus, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% 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 35 points higher than the tech sector average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Aehr Test Systems has seen its stock lose -64.95% over the past year, underperforming other tech stocks by -95 percentage points.

Aehr Test Systems has an average 1 year price target of $12.00, a downside of -3.23% from Aehr Test Systems's current stock price of $12.40.

Aehr Test Systems stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Aehr Test Systems, 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.

What are the tech stocks with highest dividends?

Out of 121 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 315.56%, which is 310 percentage points higher than the tech sector average of 5.85%. 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 high dividend yield might not be sustainable for the long-term.

2. Wisekey International Holding Sa (NASDAQ:WKEY)


Wisekey International Holding Sa (NASDAQ:WKEY) has an annual dividend yield of 112.45%, which is 107 percentage points higher than the tech sector average of 5.85%.

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.

3. Clearone (NASDAQ:CLRO)


Clearone (NASDAQ:CLRO) has an annual dividend yield of 54.64%, which is 49 percentage points higher than the tech sector average of 5.85%. Clearone's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Clearone's dividend has shown consistent growth over the last 10 years.

Clearone's dividend payout ratio of 113.6% indicates that its high dividend yield might not be sustainable for the long-term.

Why are tech stocks down?

Tech stocks were down -0.27% in the last day, and up 0.11% over the last week. Data Storage was the among the top losers in the technology sector, dropping -25.13% yesterday.

Data Storage shares are trading lower after the company reported worse-than-expected Q4 revenue results.

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 75 points higher than the tech sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -10.59% in the past year. It has underperformed other stocks in the tech sector by -40 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 75 points higher than the tech sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 170.32% in the past year. It has overperformed other stocks in the tech sector by 141 percentage points.

3. Akamai Technologies (NASDAQ:AKAM)


Akamai Technologies (NASDAQ:AKAM) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Akamai Technologies has a valuation score of 86, which is 61 points higher than the tech sector average of 25. It passed 6 out of 7 valuation due diligence checks.

Akamai Technologies's stock has gained 42.02% in the past year. It has overperformed other stocks in the tech sector by 12 percentage points.

Are tech stocks a good buy now?

40.26% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 7.42% 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 64x.
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.