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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
EMKR
EMCORE CORP
$21.11M$2.73N/AN/AN/AN/AN/AN/AN/AN/A
MKSI
MKS INSTRUMENTS INC
$8.10B$120.75$128.756.63%Strong Buy44.52%N/AN/AN/A
APCX
APPTECH PAYMENTS CORP
$21.33M$0.86N/AN/AN/AN/AN/AN/AN/AN/A
RNG
RINGCENTRAL INC
$2.83B$30.64$38.0024.02%Buy117.86%N/AN/AN/A
UIS
UNISYS CORP
$373.52M$5.46N/AN/AN/AN/A-0.44%N/AN/AN/A
SMTC
SEMTECH CORP
$2.31B$35.77$40.4413.05%Strong Buy87.28%N/AN/AN/A
MRVL
MARVELL TECHNOLOGY INC
$60.29B$69.62$87.1925.23%Strong Buy2713.89%N/AN/AN/A
XBP
XBP EUROPE HOLDINGS INC
$45.25M$1.50N/AN/AN/AN/AN/AN/AN/AN/A
SGN
SIGNING DAY SPORTS INC
$4.53M$0.30N/AN/AN/AN/AN/AN/AN/AN/A
XTKG
X3 HOLDINGS CO LTD
$2.69M$0.64N/AN/AN/AN/AN/AN/AN/AN/A
ST
SENSATA TECHNOLOGIES HOLDING PLC
$5.26B$34.98$38.5710.27%Hold73.80%N/AN/AN/A
WRAP
WRAP TECHNOLOGIES INC
$81.35M$1.84N/AN/AN/AN/AN/AN/AN/AN/A
CISO
CISO GLOBAL INC
$13.80M$1.13N/AN/AN/AN/AN/AN/AN/AN/A
MLNK
MERIDIANLINK INC
$1.34B$17.50$20.2515.71%Hold44.57%N/AN/AN/A
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
$2.88M$4.15N/AN/AN/AN/AN/AN/AN/AN/A
UAVS
AGEAGLE AERIAL SYSTEMS INC
$7.35M$0.68N/AN/AN/AN/AN/AN/AN/AN/A
INFA
INFORMATICA INC
$9.41B$31.90$35.5511.43%Buy117.16%N/AN/AN/A
SQNS
SEQUANS COMMUNICATIONS
$32.32M$0.53N/AN/AN/AN/A35.05%N/A-4,672.98%254.90%
POET
POET TECHNOLOGIES INC
$106.22M$2.50N/AN/AN/AN/AN/AN/AN/AN/A
GBTG
GLOBAL BUSINESS TRAVEL GROUP INC
$2.84B$6.00$7.5025.00%Buy27.09%N/AN/AN/A
CLVT
CLARIVATE PLC
$4.74B$7.12$8.0012.36%Sell50.95%N/AN/AN/A
LKCO
LUOKUNG TECHNOLOGY CORP
$8.50M$0.49N/AN/AN/AN/AN/AN/AN/AN/A
PHUN
PHUNWARE INC
$51.21M$6.38$22.50252.66%Strong Buy212.17%N/AN/AN/A
XTIA
XTI AEROSPACE INC
$24.80M$2.50N/AN/AN/AN/AN/AN/AN/AN/A
MRT
MARTI TECHNOLOGIES INC
$85.55M$1.50$0.90-40.00%Strong Buy1N/AN/AN/AN/A
FRGT
FREIGHT TECHNOLOGIES INC
$562.29k$1.00N/AN/AN/AN/AN/AN/AN/AN/A
UMAC
UNUSUAL MACHINES INC
$12.90M$1.42N/AN/AN/AN/AN/AN/AN/AN/A
SATX
SATIXFY COMMUNICATIONS LTD
$49.79M$0.60N/AN/AN/AN/AN/AN/AN/AN/A
NATL
NCR ATLEOS CORP
$1.52B$21.06$26.5025.83%Buy2N/AN/AN/AN/A
OST
OSTIN TECHNOLOGY GROUP CO LTD
$5.94M$0.42N/AN/AN/AN/AN/AN/AN/AN/A
RMCO
ROYALTY MANAGEMENT HOLDING CORP
$13.87M$0.96N/AN/AN/AN/AN/AN/AN/AN/A
NTRP
NEXTTRIP INC
$2.16M$2.77$3.008.30%Hold1N/AN/AN/AN/A
KNW
KNOW LABS INC
$52.63M$0.65$1.0054.56%Buy1N/AN/AN/AN/A
NOTE
FISCALNOTE HOLDINGS INC
$179.48M$1.37$3.50155.47%Strong Buy4-6.18%N/AN/AN/A
FCUV
FOCUS UNIVERSAL INC
$20.86M$0.32N/AN/AN/AN/AN/AN/AN/AN/A
WAVD
WAVEDANCER INC
$4.63M$2.30N/AN/AN/AN/AN/AN/AN/AN/A
TURB
TURBO ENERGY SA
$12.67M$1.15N/AN/AN/AN/AN/AN/AN/AN/A
ARBB
ARB IOT GROUP LTD
$28.29M$1.07N/AN/AN/AN/AN/AN/AN/AN/A
EZFL
EZFILL HOLDINGS INC
$11.26M$2.41N/AN/AN/AN/AN/AN/AN/AN/A
ZEPP
ZEPP HEALTH CORP
$51.36M$0.85N/AN/AN/AN/AN/AN/AN/AN/A
OMQS
OMNIQ CORP
$4.20M$0.39N/AN/AN/AN/AN/AN/AN/AN/A
MRDB
MARIADB PLC
$35.97M$0.53N/AN/AN/AN/AN/AN/AN/AN/A
DBD
DIEBOLD NIXDORF INC
$1.20B$32.03$34.507.71%Buy2N/AN/AN/AN/A
CAMP
CALAMP CORP
$5.44M$3.30$6.90109.41%Strong Sell1-10.51%N/AN/AN/A
ISDR
ISSUER DIRECT CORP
$45.59M$11.95N/AN/AN/AN/AN/AN/AN/AN/A
MOGO
MOGO INC
$45.84M$1.87$8.00327.81%Buy18.11%N/AN/AN/A
SLNH
SOLUNA HOLDINGS INC
$7.22M$2.54N/AN/AN/AN/AN/AN/AN/AN/A
RBRK
RUBRIK INC
N/A$38.00N/AN/AN/AN/AN/AN/AN/AN/A
MODN
MODEL N INC
$1.16B$29.64$30.252.06%Buy86.26%N/AN/AN/A
BNZI
BANZAI INTERNATIONAL INC
$7.16M$0.36$3.00740.34%Buy1N/AN/AN/AN/A
ALIT
ALIGHT INC
$5.13B$9.11$13.0042.70%Strong Buy55.58%N/AN/AN/A
LPL
LG DISPLAY CO LTD
$2.83B$3.95N/AN/AN/AN/AN/AN/AN/AN/A
NA
NANO LABS LTD
$31.27M$0.48N/AN/AN/AN/AN/AN/AN/AN/A
VYX
NCR VOYIX CORP
$1.75B$12.13$18.6053.34%Buy5-5.67%N/AN/AN/A
XELA
EXELA TECHNOLOGIES INC
$12.86M$2.02N/AN/AN/AN/AN/AN/AN/AN/A
NVNI
NVNI GROUP LTD
N/A$1.44$5.00247.22%Strong Buy1N/AN/AN/AN/A
JFU
9F INC
$36.73M$3.12N/AN/AN/AN/AN/AN/AN/AN/A
SYNX
SILYNXCOM LTD
N/A$3.24N/AN/AN/AN/AN/AN/AN/AN/A
MINM
MINIM INC
$11.03M$3.72N/AN/AN/AN/AN/AN/AN/AN/A
ASTS
AST SPACEMOBILE INC
$570.98M$2.23$11.13399.24%Strong Buy3N/AN/AN/AN/A
ELWS
EARLYWORKS CO LTD
$9.94M$0.66N/AN/AN/AN/AN/AN/AN/AN/A
YIBO
PLANET IMAGE INTERNATIONAL LTD
N/A$2.33N/AN/AN/AN/AN/AN/AN/AN/A
LEDS
SEMILEDS CORP
$11.37M$1.59N/AN/AN/AN/AN/AN/AN/AN/A
AUUD
AUDDIA INC
$3.88M$1.77N/AN/AN/AN/AN/AN/AN/AN/A
MNY
MONEYHERO LTD
$89.40M$2.32N/AN/AN/AN/AN/AN/AN/AN/A
CORZ
CORE SCIENTIFIC INC
$618.03M$3.48$6.7593.97%Strong Buy2N/AN/AN/AN/A
RYDE
RYDE GROUP LTD
N/A$3.32N/AN/AN/AN/AN/AN/AN/AN/A
MFI
MF INTERNATIONAL LTD
N/A$2.33N/AN/AN/AN/AN/AN/AN/AN/A
ROMA
ROMA GREEN FINANCE LTD
$8.07M$0.77N/AN/AN/AN/AN/AN/AN/AN/A
MOBX
MOBIX LABS INC
$90.33M$3.50N/AN/AN/AN/AN/AN/AN/AN/A
WISA
WISA TECHNOLOGIES INC
$8.87M$5.30N/AN/AN/AN/AN/AN/AN/AN/A
ENV
ENVESTNET INC
$3.41B$62.15$62.170.03%Buy69.17%N/AN/AN/A
CAUD
COLLECTIVE AUDIENCE INC
$5.13M$0.39N/AN/AN/AN/AN/AN/AN/AN/A
LDTC
LEDDARTECH HOLDINGS INC
$65.02M$2.26$7.00209.73%Strong Buy1-22.91%N/AN/AN/A
ASNS
ACTELIS NETWORKS INC
$2.36M$0.78N/AN/AN/AN/AN/AN/AN/AN/A
INTZ
INTRUSION INC
$3.85M$1.98$50.002,425.25%Buy2N/AN/AN/AN/A
ZPTA
ZAPATA COMPUTING HOLDINGS INC
$47.09M$1.58N/AN/AN/AN/AN/AN/AN/AN/A
HUBC
HUB CYBER SECURITY LTD
$9.59M$1.08N/AN/AN/AN/AN/AN/AN/AN/A
OPTX
SYNTEC OPTICS HOLDINGS INC
$22.84M$3.72N/AN/AN/AN/AN/AN/AN/AN/A
AILE
ILEARNINGENGINES INC
$65.64M$8.00$18.00125.00%Strong Buy1N/AN/AN/AN/A
GCTS
GCT SEMICONDUCTOR HOLDING INC
$60.07M$4.78N/AN/AN/AN/AN/AN/AN/AN/A
RXT
RACKSPACE TECHNOLOGY INC
$384.57M$1.75$2.1925.26%Hold6-0.62%N/AN/AN/A
AWIN
AERWINS TECHNOLOGIES INC
$1.87M$2.99N/AN/AN/AN/AN/AN/AN/AN/A
VVPR
VIVOPOWER INTERNATIONAL PLC
$9.39M$3.64N/AN/AN/AN/AN/AN/AN/AN/A
ASTI
ASCENT SOLAR TECHNOLOGIES INC
$379.38k$0.10N/AN/AN/AN/AN/AN/AN/AN/A

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+0.31%+6.01%-1.36%-12.46%11.59x2.68x+70.29%+9.31%+17.58%+19.03%Buy
38+4.31%+12.35%-11.23%+159.22%38.37x13.83x-27.35%+9.81%+18.41%+18.07%Buy
18-0.40%+1.90%-3.07%-5.43%24.48x20.71x+149.67%+28.22%+53.07%+24.37%Buy
44+1.18%+4.26%-1.56%+17.15%25.95x3.53x+21.21%+9.66%+15.16%+15.12%Buy
10+0.10%+2.48%+0.38%+38.33%13.08x1.36x+12.28%+3.94%+12.67%+3.08%Hold
66+0.06%+0.75%-5.13%+15.50%23.55x4.51x+25.53%+7.94%+16.36%+17.16%Buy
33+1.03%+1.91%-3.61%+3.43%-7.72x3.09x+9.11%+6.17%+9.01%+10.94%Buy
29+2.84%+8.44%-2.58%+58.51%39.68x11.61x+50.74%+18.11%+30.50%+10.54%Buy
69+3.12%+11.44%-1.24%+41.38%59.70x7.96x+52.19%+30.05%+33.79%+13.52%Buy
252+0.47%+3.25%-8.89%+28.13%91.33x6.53x+7.71%+4.52%+7.12%+19.83%Buy
138+1.21%+3.76%-4.42%+18.44%77.56x11.33x-37.66%+15.05%+24.39%+19.65%Buy
23+2.96%+3.82%+0.53%-48.93%31.93x2.50x+11.78%+7.31%+11.13%+36.86%Buy

Tech Stocks FAQ

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

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

1. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the top tech stock with a Zen Score of 72, which is 42 points higher than the tech sector average of 30. It passed 26 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 40.81% over the past year, overperforming other tech stocks by 15 percentage points.

Logitech International Sa has an average 1 year price target of $96.40, an upside of 21.63% from Logitech International Sa's current stock price of $79.26.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Logitech International Sa, 40% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a Hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

2. Full Truck Alliance Co (NYSE:YMM)


Full Truck Alliance Co (NYSE:YMM) is the second best tech stock with a Zen Score of 68, which is 38 points higher than the tech sector average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 39.43% over the past year, overperforming other tech stocks by 14 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -31.58% from Full Truck Alliance Co's current stock price of $8.77.

Full Truck Alliance Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Full Truck Alliance Co, 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. Perficient (NASDAQ:PRFT)


Perficient (NASDAQ:PRFT) is the third best tech stock with a Zen Score of 67, which is 37 points higher than the tech sector average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Perficient has seen its stock lose -30.86% over the past year, underperforming other tech stocks by -56 percentage points.

Perficient has an average 1 year price target of $70.20, an upside of 63.29% from Perficient's current stock price of $42.99.

Perficient stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Perficient, 0% have issued a Strong Buy rating, 40% have issued a Buy, 60% 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 122 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 N/A, which is N/A percentage points lower than the tech sector average of 4.54%. 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 dividend yield might not be sustainable for the long-term.

2. Clearone (NASDAQ:CLRO)


Clearone (NASDAQ:CLRO) has an annual dividend yield of 164.11%, which is 160 percentage points higher than the tech sector average of 4.54%. Clearone's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Clearone's dividend has shown consistent growth over the last 10 years.

Clearone's dividend payout ratio of -5,000% 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 136.59%, which is 132 percentage points higher than the tech sector average of 4.54%.

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 up?

Tech stocks were up 1.36% in the last day, and up 5.1% over the last week. Astera Labs was the among the top gainers in the technology sector, gaining 18.73% yesterday.

Shares of semiconductor and chip stocks are trading higher following strong earnings from Microsoft, which could be lifting AI optimism.

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 76 points higher than the tech sector average of 24. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -12.67% in the past year. It has underperformed other stocks in the tech sector by -38 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 76 points higher than the tech sector average of 24. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 171.68% in the past year. It has overperformed other stocks in the tech sector by 146 percentage points.

3. Himax Technologies (NASDAQ:HIMX)


Himax Technologies (NASDAQ:HIMX) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Himax 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.

Himax Technologies's stock has dropped -23.05% in the past year. It has underperformed other stocks in the tech sector by -49 percentage points.

Are tech stocks a good buy now?

40.36% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 17.11% 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 57.16x.
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.