WallStreetZenWallStreetZen

Sectors & IndustriesTechnology
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
SLNH
SOLUNA HOLDINGS INC
NASDAQ
Information Technology Services
$4.49M$2.793.33%-$32.62M-0.04x1.35
IDAI
T STAMP INC
NASDAQ
Software - Application
$7.77M$0.945.62%-$7.51M-0.58x0.80
RNG
RINGCENTRAL INC
NYSE
Software - Application
$3.22B$34.882.32%$113.09M-20.05x-4.47
DXC
DXC TECHNOLOGY CO
NYSE
Information Technology Services
$3.85B$21.062.03%$1.01B-11.57x3.71
XTKG
X3 HOLDINGS CO LTD
NASDAQ
Software - Application
$2.30M$0.58-1.69%-$65.30M-0.01x0.66
LKCO
LUOKUNG TECHNOLOGY CORP
NASDAQ
Software - Application
$11.46M$0.65-0.61%N/A-0.25x0.99
SQNS
SEQUANS COMMUNICATIONS
NYSE
Semiconductors
$24.63M$0.400.00%-$15.14MN/A-19.33
CLVT
CLARIVATE PLC
NYSE
Information Technology Services
$4.97B$7.461.63%-$10.50M-5.07x1.12
GBTG
GLOBAL BUSINESS TRAVEL GROUP INC
NYSE
Software - Application
$2.84B$6.00-1.80%$263.00M-24.00x2.10
WRAP
WRAP TECHNOLOGIES INC
NASDAQ
Scientific & Technical Instruments
$96.61M$2.197.11%-$14.38M-5.75x0.54
INFA
INFORMATICA INC
NYSE
Software - Infrastructure
$10.48B$35.51-1.25%$257.34M-82.58x1.35
MLNK
MERIDIANLINK INC
NYSE
Software - Application
$1.39B$18.221.62%$77.39M-34.38x0.96
OST
OSTIN TECHNOLOGY GROUP CO LTD
NASDAQ
Electronic Components
$7.02M$0.504.16%-$6.78M-0.64x3.04
VERB
VERB TECHNOLOGY COMPANY INC
NASDAQ
Software - Application
$4.61M$0.280.36%-$30.11M-0.03x-12.28
NATL
NCR ATLEOS CORP
NYSE
Information Technology Services
$1.43B$19.832.75%$449.00M-10.44x19.20
PHUN
PHUNWARE INC
NASDAQ
Software - Application
$77.86M$9.700.83%-$51.02M-0.44x-1.59
GRRR
GORILLA TECHNOLOGY GROUP INC
NASDAQ
Software - Infrastructure
$53.09M$0.74-1.33%N/AN/A1.41
NTRP
NEXTTRIP INC
NASDAQ
Information Technology Services
$3.28M$4.202.94%-$5.76M-0.38x0.44
NOTE
FISCALNOTE HOLDINGS INC
NYSE
Information Technology Services
$172.93M$1.322.33%-$80.69M-1.50x7.53
RMCO
ROYALTY MANAGEMENT HOLDING CORP
NASDAQ
Software - Application
$16.98M$1.19-2.46%-$6.12M-0.99x-1.03
MRDB
MARIADB PLC
NYSE
Software - Infrastructure
$29.74M$0.4494.25%-$43.08M-0.61x-1.57
EGIO
EDGIO INC
NASDAQ
Software - Infrastructure
$54.02M$9.582.79%-$105.37M-0.33x1.95
FRGT
FREIGHT TECHNOLOGIES INC
NASDAQ
Software - Application
$723.35k$1.282.40%N/A-0.29x2.37
DBD
DIEBOLD NIXDORF INC
NYSE
Software - Application
$1.30B$34.48-0.35%N/AN/A2.90
UMAC
UNUSUAL MACHINES INC
NYSEMKT
Communication Equipment
$21.35M$2.3515.76%-$1.79M-4.35x0.08
CSLR
COMPLETE SOLARIA INC
NASDAQ
Semiconductors
$27.20M$0.63-1.25%-$261.24M-0.05x-2.42
KNW
KNOW LABS INC
NYSEMKT
Scientific & Technical Instruments
$51.90M$0.642.74%-$14.28M-1.72x3.09
WAVD
WAVEDANCER INC
NASDAQ
Information Technology Services
$7.25M$3.6010.09%-$1.63M-3.46x0.99
APCX
APPTECH PAYMENTS CORP
NASDAQ
Software - Infrastructure
$19.68M$0.951.17%-$18.44M-0.83x1.99
EZFL
EZFILL HOLDINGS INC
NASDAQ
Software - Application
$7.17M$1.680.00%-$10.83M-0.44x45.52
CASA
CASA SYSTEMS INC
NASDAQ
Communication Equipment
$29.73M$0.30-0.99%-$66.69M-0.28x-5.91
MODN
MODEL N INC
NYSE
Software - Application
$1.08B$27.660.58%-$12.33M-32.93x3.14
MOGO
MOGO INC
NASDAQ
Software - Infrastructure
$46.34M$1.89-1.31%$266.91k-3.57x1.22
ISDR
ISSUER DIRECT CORP
NYSEMKT
Software - Application
$51.20M$13.424.27%$5.38M67.10x0.84
SWI
SOLARWINDS CORP
NYSE
Software - Infrastructure
$2.05B$12.320.24%$232.19M-205.33x1.25
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
NASDAQ
Software - Application
$2.83M$4.5211.76%$1.08M-1.88x1.97
XELA
EXELA TECHNOLOGIES INC
NASDAQ
Software - Application
$19.45M$3.06-0.49%-$68.43M-0.03x-1.77
ALIT
ALIGHT INC
NYSE
Software - Application
$5.51B$9.79-0.10%$222.00M-13.99x1.35
NA
NANO LABS LTD
NASDAQ
Semiconductors
$105.99M$1.61-4.62%N/A-0.37x-24.88
ZEPP
ZEPP HEALTH CORP
NYSE
Consumer Electronics
$62.19M$1.0311.96%N/A-2.13x0.81
LPL
LG DISPLAY CO LTD
NYSE
Consumer Electronics
$2.92B$4.08-1.69%$1.78B-1.41x3.73
VYX
NCR VOYIX CORP
NYSE
Information Technology Services
$1.82B$12.610.48%$634.00M-4.04x187.56
NVNI
NVNI GROUP LTD
NASDAQ
Software - Application
N/A$1.94-4.67%N/A-0.72x13.00
MRT
MARTI TECHNOLOGIES INC
NYSEMKT
Software - Application
$35.46M$0.73-4.82%-$8.79MN/A-9.30
YIBO
PLANET IMAGE INTERNATIONAL LTD
NASDAQ
Computer Hardware
N/A$2.703.85%N/AN/A2.38
ELWS
EARLYWORKS CO LTD
NASDAQ
Software - Application
$11.13M$0.74-10.95%-$2.63M-3.96x1.17
JFU
9F INC
NASDAQ
Information Technology Services
$41.21M$3.50-2.78%N/A-0.48x0.15
INTJ
INTELLIGENT GROUP LTD
NASDAQ
Information Technology Services
N/A$1.82-7.66%N/AN/A0.58
ASTS
AST SPACEMOBILE INC
NASDAQ
Communication Equipment
$624.38M$2.861.78%-$27.26M-3.45x0.90
TURB
TURBO ENERGY SA
NASDAQ
Solar
$12.78M$1.160.00%N/AN/A3.09
DGHI
DIGIHOST TECHNOLOGY INC
NASDAQ
Software - Application
$39.05M$1.36-2.86%-$8.13M-1.70x0.28
ROMA
ROMA GREEN FINANCE LTD
NASDAQ
Information Technology Services
N/A$1.00-2.91%-$125.25k-52.63x-13.27
SYNX
SILYNXCOM LTD
NYSEMKT
Consumer Electronics
N/A$3.56-7.53%N/AN/A2.56
MINM
MINIM INC
NASDAQ
Communication Equipment
$15.88M$6.03-0.82%-$19.64M-0.54x111.64
HOLO
MICROCLOUD HOLOGRAM INC
NASDAQ
Electronic Components
$19.00M$3.74-6.50%N/AN/A0.48
BNAI
BRAND ENGAGEMENT NETWORK INC
NASDAQ
Software - Application
$231.78M$6.7916.67%-$12.38M-26.12x0.22
AUUD
AUDDIA INC
NASDAQ
Software - Application
$1.56M$1.965.95%-$5.44M-0.14x1.50
RBT
RUBICON TECHNOLOGIES INC
NYSE
Software - Application
$17.41M$0.4218.86%-$19.81MN/A-1.31
INTZ
INTRUSION INC
NASDAQ
Software - Infrastructure
$4.78M$2.78-8.85%-$12.51M-0.18x-1.41
MNY
MONEYHERO LTD
NASDAQ
Software - Application
$79.00M$2.0512.64%N/A-0.04x-2.02
CORZ
CORE SCIENTIFIC INC
NASDAQ
Software - Infrastructure
$598.50M$3.374.01%-$63.12M-5.18x-2.19
ASNS
ACTELIS NETWORKS INC
NASDAQ
Communication Equipment
$3.11M$1.030.10%-$5.49M-0.40x47.31
BTDR
BITDEER TECHNOLOGIES GROUP
NASDAQ
Software - Application
$770.09M$6.92-0.14%N/AN/A0.95
CAUD
COLLECTIVE AUDIENCE INC
NASDAQ
Information Technology Services
$8.92M$0.68-3.28%-$3.88M-0.00x2.92
ENV
ENVESTNET INC
NYSE
Software - Application
$3.16B$57.662.63%-$70.51M-13.16x2.29
RXT
RACKSPACE TECHNOLOGY INC
NASDAQ
Software - Infrastructure
$347.21M$1.586.76%-$189.90M-0.41x-27.51
MOBX
MOBIX LABS INC
NASDAQ
Semiconductors
$53.16M$2.06-0.48%N/AN/A8.50
VVPR
VIVOPOWER INTERNATIONAL PLC
NASDAQ
Solar
$3.66M$1.42-4.05%-$14.87M-0.84x15.40
RYDE
RYDE GROUP LTD
NYSEMKT
Software - Application
N/A$4.53-1.74%N/AN/A-1.45
OMQS
OMNIQ CORP
NASDAQ
Software - Application
$5.97M$0.561.45%-$9.49M-0.28x-3.76
LDTC
LEDDARTECH HOLDINGS INC
NASDAQ
Software - Application
$79.98M$2.78-1.42%-$80.06M-0.03x13.16
HUBC
HUB CYBER SECURITY LTD
NASDAQ
Software - Infrastructure
$8.35M$0.945.86%-$111.08M-0.06x-2.17
ULY
URGENTLY INC
NASDAQ
Software - Application
$25.22M$1.92-3.52%N/AN/A-0.97
BNZI
BANZAI INTERNATIONAL INC
NASDAQ
Software - Application
$5.54M$0.61-1.61%-$2.29M-2.65x-1.03
SGN
SIGNING DAY SPORTS INC
NYSEMKT
Software - Application
$3.97M$0.30-3.23%N/AN/A-1.17
ASTI
ASCENT SOLAR TECHNOLOGIES INC
NASDAQ
Solar
$1.48M$0.391.30%-$14.13M-0.01x-5.13
AWIN
AERWINS TECHNOLOGIES INC
NASDAQ
Scientific & Technical Instruments
$4.64M$0.07-1.33%-$24.53M-0.14x-1.20
OPTX
SYNTEC OPTICS HOLDINGS INC
NASDAQ
Electronic Components
$24.01M$3.91-4.40%$551.30k-130.33x-1.48
XBP
XBP EUROPE HOLDINGS INC
NASDAQ
Software - Infrastructure
$15.89M$2.12-2.75%-$22.16M-0.82x-1.01
GCTS
CONCORD ACQUISITION CORP III
NYSE
Semiconductors
$82.69M$6.58-34.46%-$610.01k-73.11x-1.02
AISP
AIRSHIP AI HOLDINGS INC
NASDAQ
Software - Application
$83.84M$7.65-11.76%-$196.49k-36.43x-1.32
SATX
SATIXFY COMMUNICATIONS LTD
NYSEMKT
Communication Equipment
N/A$0.65-5.80%N/AN/A-1.31

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
66+1.87%+2.50%+5.19%-17.22%18.47x2.78x+68.23%+9.28%+17.91%+14.02%Buy
38-0.80%+7.01%+13.84%+174.11%41.76x14.29x-22.45%+10.03%+18.24%-0.23%Strong Buy
18+1.17%-2.28%-0.32%+3.37%24.77x21.22x+149.49%+28.19%+53.00%+21.01%Buy
44+2.19%+2.17%+0.66%+11.97%27.56x3.59x+19.52%+9.15%+13.51%+8.68%Buy
10+2.22%+4.49%+6.81%+26.81%13.84x1.36x+12.34%+3.97%+12.71%+1.96%Hold
65+1.58%-1.52%-2.60%+19.42%25.31x4.85x+25.75%+8.03%+16.40%+6.72%Buy
33+1.99%+1.82%+3.28%+10.63%-6.68x3.32x+8.80%+5.96%+8.82%+3.78%Buy
29+0.73%+1.10%+3.62%+53.59%39.25x12.13x+56.35%+19.32%+32.64%+1.77%Buy
69+0.53%+2.15%+3.45%+38.63%66.49x8.23x+51.82%+29.82%+33.63%+9.67%Strong Buy
248+0.28%+3.09%+7.93%+39.06%102.09x6.94x+7.42%+4.59%+7.47%+3.92%Buy
139-0.14%-1.02%-2.57%+22.54%88.30x12.28x-37.13%+15.18%+24.32%+13.07%Buy
23+8.41%+6.25%+2.12%-49.87%27.79x2.71x+15.01%+8.45%+12.86%+31.82%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 -20.32% 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 33.09% from First Solar's current stock price of $167.45.

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. Aehr Test Systems (NASDAQ:AEHR)


Aehr Test Systems (NASDAQ:AEHR) is the second 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 -67.02% over the past year, underperforming other tech stocks by -96 percentage points.

Aehr Test Systems has an average 1 year price target of $12.00, a downside of -3.69% from Aehr Test Systems's current stock price of $12.46.

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.

3. Exlservice Holdings (NASDAQ:EXLS)


Exlservice Holdings (NASDAQ:EXLS) is the third best tech stock with a Zen Score of 64, which is 34 points higher than the tech sector average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Exlservice Holdings has seen its stock return 0.57% over the past year, underperforming other tech stocks by -29 percentage points.

Exlservice Holdings has an average 1 year price target of $36.50, an upside of 16.69% from Exlservice Holdings's current stock price of $31.28.

Exlservice Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Exlservice Holdings, 25% have issued a Strong Buy rating, 50% have issued a Buy, 25% 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 315.96%, which is 310 percentage points higher than the tech sector average of 5.95%. 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 126.7%, which is 121 percentage points higher than the tech sector average of 5.95%.

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 51.55%, which is 46 percentage points higher than the tech sector average of 5.95%. 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 up?

Tech stocks were up 0.68% in the last day, and up 1.74% over the last week. Mariadb was the among the top gainers in the technology sector, gaining 94.25% yesterday.

MariaDB shares are trading higher after Progress Software announced that it is possibly considering an offer for the company.

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 -12.94% in the past year. It has underperformed other stocks in the tech sector by -42 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 177.19% in the past year. It has overperformed other stocks in the tech sector by 148 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 43.55% in the past year. It has overperformed other stocks in the tech sector by 14 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 7.04% 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 63.75x.
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.