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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
KC	KINGSOFT CLOUD HOLDINGS LTD	$889.79M	N/A	0.00%	N/A	N/A	N/A	N/A
ETWO	E2OPEN PARENT HOLDINGS INC	$1.49B	N/A	0.00%	N/A	N/A	N/A	N/A
SMTC	SEMTECH CORP	$2.50B	N/A	0.00%	N/A	N/A	N/A	N/A
UIS	UNISYS CORP	$358.47M	N/A	0.00%	N/A	N/A	N/A	N/A
MRVL	MARVELL TECHNOLOGY INC	$57.74B	N/A	-16.70%	$0.0600	N/A	N/A	0
MSTR	MICROSTRATEGY INC	$20.03B	N/A	0.00%	N/A	N/A	N/A	N/A
DXC	DXC TECHNOLOGY CO	$3.46B	N/A	0.00%	$0.2100	N/A	N/A	0
RYDE	RYDE GROUP LTD	$73.97M	N/A	0.00%	N/A	N/A	N/A	N/A
NUKK	NUKKLEUS INC	$1.54M	N/A	0.00%	N/A	N/A	N/A	N/A
SGN	SIGNING DAY SPORTS INC	$4.79M	N/A	0.00%	N/A	N/A	N/A	N/A
EXTR	EXTREME NETWORKS INC	$1.48B	N/A	0.00%	N/A	N/A	N/A	N/A
CISO	CISO GLOBAL INC	$13.33M	N/A	0.00%	N/A	N/A	N/A	N/A
LYT	LYTUS TECHNOLOGIES HOLDINGS PTV LTD	$2.39M	N/A	0.00%	N/A	N/A	N/A	N/A
WRAP	WRAP TECHNOLOGIES INC	$68.75M	N/A	0.00%	N/A	N/A	N/A	N/A
POET	POET TECHNOLOGIES INC	$100.70M	N/A	0.00%	N/A	N/A	N/A	N/A
UAVS	AGEAGLE AERIAL SYSTEMS INC	$7.30M	N/A	0.00%	N/A	N/A	N/A	N/A
SQNS	SEQUANS COMMUNICATIONS	$31.40M	N/A	N/A	N/A	N/A	N/A	N/A
MLNK	MERIDIANLINK INC	$1.30B	N/A	0.00%	N/A	N/A	N/A	N/A
CLVT	CLARIVATE PLC	$4.62B	N/A	0.00%	N/A	N/A	N/A	N/A
GBTG	GLOBAL BUSINESS TRAVEL GROUP INC	$2.91B	N/A	0.00%	N/A	N/A	N/A	N/A
KNW	KNOW LABS INC	$55.32M	N/A	0.00%	N/A	N/A	N/A	N/A
EZFL	EZFILL HOLDINGS INC	$11.65M	N/A	0.00%	N/A	N/A	N/A	N/A
NATL	NCR ATLEOS CORP	$1.53B	N/A	0.00%	N/A	N/A	N/A	N/A
FRGT	FREIGHT TECHNOLOGIES INC	$392.19k	N/A	0.00%	N/A	N/A	N/A	N/A
OST	OSTIN TECHNOLOGY GROUP CO LTD	$6.02M	N/A	0.00%	N/A	N/A	N/A	N/A
WAVD	WAVEDANCER INC	$4.87M	N/A	0.00%	N/A	N/A	N/A	N/A
ZEPP	ZEPP HEALTH CORP	$54.49M	N/A	0.00%	$0.1000	N/A	N/A	0
XTIA	XTI AEROSPACE INC	$21.82M	N/A	0.00%	N/A	N/A	N/A	N/A
NTRP	NEXTTRIP INC	$2.11M	N/A	0.00%	N/A	N/A	N/A	N/A
SATX	SATIXFY COMMUNICATIONS LTD	$48.87M	N/A	0.00%	N/A	N/A	N/A	N/A
CAMP	CALAMP CORP	$5.68M	N/A	0.00%	N/A	N/A	N/A	N/A
PHUN	PHUNWARE INC	$53.38M	N/A	0.00%	N/A	N/A	N/A	N/A
OMQS	OMNIQ CORP	$3.96M	N/A	0.00%	N/A	N/A	N/A	N/A
ARBB	ARB IOT GROUP LTD	$27.76M	N/A	0.00%	N/A	N/A	N/A	N/A
TURB	TURBO ENERGY SA	$13.33M	N/A	0.00%	N/A	N/A	N/A	N/A
UMAC	UNUSUAL MACHINES INC	$11.17M	N/A	0.00%	N/A	N/A	N/A	N/A
MRDB	MARIADB PLC	$35.91M	N/A	0.00%	N/A	N/A	N/A	N/A
MRT	MARTI TECHNOLOGIES INC	$95.82M	N/A	0.00%	N/A	N/A	N/A	N/A
NOTE	FISCALNOTE HOLDINGS INC	$176.86M	N/A	0.00%	N/A	N/A	N/A	N/A
DBD	DIEBOLD NIXDORF INC	$1.30B	N/A	N/A	N/A	N/A	N/A	N/A
RMCO	ROYALTY MANAGEMENT HOLDING CORP	$12.42M	N/A	0.00%	N/A	N/A	N/A	N/A
FCUV	FOCUS UNIVERSAL INC	$20.08M	N/A	0.00%	N/A	N/A	N/A	N/A
XRX	XEROX HOLDINGS CORP	$1.66B	3.73%	-51.40%	$0.2500	$0.50	65%	2
RBRK	RUBRIK INC	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
SLNH	SOLUNA HOLDINGS INC	$6.99M	N/A	0.00%	$8.8800	N/A	N/A	0
ALIT	ALIGHT INC	$5.19B	N/A	0.00%	N/A	N/A	N/A	N/A
BNZI	BANZAI INTERNATIONAL INC	$7.41M	N/A	0.00%	N/A	N/A	N/A	N/A
ISDR	ISSUER DIRECT CORP	$44.83M	N/A	0.00%	$0.0500	N/A	N/A	0
MODN	MODEL N INC	$1.16B	N/A	0.00%	N/A	N/A	N/A	N/A
MOGO	MOGO INC	$45.35M	N/A	0.00%	N/A	N/A	N/A	N/A
NA	NANO LABS LTD	$47.60M	N/A	0.00%	N/A	N/A	N/A	N/A
XELA	EXELA TECHNOLOGIES INC	$13.56M	N/A	0.00%	N/A	N/A	N/A	N/A
VYX	NCR VOYIX CORP	$1.74B	N/A	0.00%	N/A	N/A	N/A	N/A
COMM	COMMSCOPE HOLDING COMPANY INC	$222.88M	N/A	0.00%	N/A	N/A	N/A	N/A
ST	SENSATA TECHNOLOGIES HOLDING PLC	$5.94B	1.22%	-533.30%	$0.1200	$0.48	23%	0	2024-05-07	2024-05-22
LPL	LG DISPLAY CO LTD	$3.01B	N/A	0.00%	$0.2340	N/A	N/A	0
NVNI	NVNI GROUP LTD	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
AUUD	AUDDIA INC	$3.80M	N/A	0.00%	N/A	N/A	N/A	N/A
JFU	9F INC	$35.91M	N/A	0.00%	N/A	N/A	N/A	N/A
MINM	MINIM INC	$12.81M	N/A	0.00%	N/A	N/A	N/A	N/A
UPLD	UPLAND SOFTWARE INC	$55.74M	N/A	0.00%	N/A	N/A	N/A	N/A
STX	SEAGATE TECHNOLOGY HOLDINGS PLC	$18.12B	0.81%	-161.50%	$0.7000	$0.70	14%	0	2024-06-20	2024-07-05
LEDS	SEMILEDS CORP	$11.19M	N/A	0.00%	N/A	N/A	N/A	N/A
ASTS	AST SPACEMOBILE INC	$588.90M	N/A	0.00%	N/A	N/A	N/A	N/A
TCX	TUCOWS INC	$205.13M	N/A	0.00%	N/A	N/A	N/A	N/A
CORZ	CORE SCIENTIFIC INC	$568.31M	N/A	0.00%	N/A	N/A	N/A	N/A
ENV	ENVESTNET INC	$3.47B	N/A	0.00%	N/A	N/A	N/A	N/A
MOBX	MOBIX LABS INC	$79.49M	N/A	N/A	N/A	N/A	N/A	N/A
ROMA	ROMA GREEN FINANCE LTD	$7.41M	N/A	N/A	N/A	N/A	N/A	N/A
MFI	MF INTERNATIONAL LTD	N/A	N/A	N/A	N/A	N/A	N/A	N/A
LDTC	LEDDARTECH HOLDINGS INC	$64.73M	N/A	0.00%	N/A	N/A	N/A	N/A
CAUD	COLLECTIVE AUDIENCE INC	$8.36M	N/A	0.00%	N/A	N/A	N/A	N/A
ASNS	ACTELIS NETWORKS INC	$1.81M	N/A	0.00%	N/A	N/A	N/A	N/A
WISA	WISA TECHNOLOGIES INC	$8.33M	N/A	0.00%	N/A	N/A	N/A	N/A
HUBC	HUB CYBER SECURITY LTD	$9.23M	N/A	0.00%	N/A	N/A	N/A	N/A
ZPTA	ZAPATA COMPUTING HOLDINGS INC	$39.94M	N/A	0.00%	N/A	N/A	N/A	N/A
AWIN	AERWINS TECHNOLOGIES INC	$2.98M	N/A	0.00%	N/A	N/A	N/A	N/A
INTZ	INTRUSION INC	$3.60M	N/A	0.00%	N/A	N/A	N/A	N/A
RXT	RACKSPACE TECHNOLOGY INC	$382.37M	N/A	0.00%	N/A	N/A	N/A	N/A
OPTX	SYNTEC OPTICS HOLDINGS INC	$19.95M	N/A	0.00%	N/A	N/A	N/A	N/A
GCTS	GCT SEMICONDUCTOR HOLDING INC	$63.71M	N/A	0.00%	N/A	N/A	N/A	N/A
AILE	ILEARNINGENGINES INC	$64.41M	N/A	0.00%	N/A	N/A	N/A	N/A
ASTI	ASCENT SOLAR TECHNOLOGIES INC	$379.38k	N/A	0.00%	N/A	N/A	N/A	N/A
VVPR	VIVOPOWER INTERNATIONAL PLC	$9.57M	N/A	0.00%	N/A	N/A	N/A	N/A
KSPI	JOINT STOCK CO KASPIKZ	$22.14B	N/A	N/A	N/A	N/A	N/A	N/A

Tech Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Communication Equipment	65	+0.82%	+1.36%	-0.11%	-8.61%	11.06x	2.65x	+50.02%	+8.78%	+15.91%	+20.29%	Buy
Computer Hardware	38	+2.50%	-1.53%	-15.05%	+143.06%	36.11x	13.49x	-27.61%	+9.89%	+18.59%	+25.51%	Buy
Consumer Electronics	18	+1.21%	+1.99%	+0.19%	-4.71%	25.04x	21.20x	+149.66%	+28.22%	+53.06%	+22.17%	Buy
Electronic Components	44	+1.94%	+2.11%	-1.20%	+15.59%	26.32x	3.57x	+20.92%	+9.55%	+15.00%	+14.56%	Buy
Electronics & Computer Distribution	10	-0.59%	-3.57%	-5.00%	+31.16%	12.90x	1.32x	+11.53%	+3.71%	+11.85%	+7.14%	Hold
Information Technology Services	66	+0.94%	-1.05%	-5.96%	+12.83%	26.97x	4.42x	+24.63%	+8.17%	+16.53%	+19.25%	Buy
Scientific & Technical Instruments	33	+2.07%	+4.04%	-0.49%	+5.26%	14.46x	3.17x	+9.52%	+6.55%	+9.40%	+9.27%	Buy
Semiconductor Equipment & Materials	29	+2.56%	-0.26%	-5.58%	+48.29%	36.36x	11.20x	+50.94%	+18.23%	+30.75%	+14.25%	Buy
Semiconductors	69	+2.31%	+0.61%	-3.64%	+36.48%	53.86x	7.73x	+52.40%	+30.22%	+34.04%	+17.96%	Buy
Software - Application	252	+1.42%	-1.73%	-7.31%	+25.07%	87.61x	6.41x	+6.22%	+4.25%	+7.09%	+22.56%	Buy
Software - Infrastructure	138	+0.65%	-0.54%	-5.04%	+19.41%	41.80x	11.13x	-40.70%	+15.06%	+24.40%	+21.90%	Buy
Solar	23	+2.07%	+3.53%	-3.66%	-45.03%	29.31x	2.47x	+12.30%	+7.72%	+11.95%	+38.70%	Buy

Tech Stocks FAQ

What are the best tech stocks to buy right now in May 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 43 points higher than the tech sector average of 29. It passed 26 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 29.12% over the past year, overperforming other tech stocks by 6 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, an upside of 14.75% from Logitech International Sa's current stock price of $81.77.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Logitech International Sa, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a Hold, while 0% have issued a Sell rating, and 16.67% have issued a Strong Sell.

2. Rambus (NASDAQ:RMBS)

Rambus (NASDAQ:RMBS) is the second best tech stock with a Zen Score of 72, which is 43 points higher than the tech sector average of 29. It passed 23 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 11.83% over the past year, underperforming other tech stocks by -11 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 56.68% from Rambus's current stock price of $54.25.

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. Full Truck Alliance Co (NYSE:YMM)

Full Truck Alliance Co (NYSE:YMM) is the third best tech stock with a Zen Score of 68, which is 39 points higher than the tech sector average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 39.15% over the past year, overperforming other tech stocks by 16 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -32.2% from Full Truck Alliance Co's current stock price of $8.85.

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.

What are the tech stocks with highest dividends?

Out of 119 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 4.36%. 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. Wisekey International Holding Sa (NASDAQ:WKEY)

Wisekey International Holding Sa (NASDAQ:WKEY) has an annual dividend yield of 140%, which is 136 percentage points higher than the tech sector average of 4.36%.

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 138.89%, which is 135 percentage points higher than the tech sector average of 4.36%. 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.

Why are tech stocks up?

Tech stocks were up 1.53% in the last day, and down -0.42% over the last week. Xbp Europe Holdings was the among the top gainers in the technology sector, gaining 66.41% yesterday.

XBP Europe Holdings shares are trading higher after the company announced it was awarded a $40 million multi-year contract for a nationwide transformation project for His Majesty's Passport Office.

What are the most undervalued tech stocks?

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

1. Himax Technologies (NASDAQ:HIMX)

Himax Technologies (NASDAQ:HIMX) is the most undervalued tech stock based on WallStreetZen's Valuation Score. Himax Technologies has a valuation score of 100, which is 77 points higher than the tech sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -24.4% in the past year. It has underperformed other stocks in the tech sector by -48 percentage points.

2. Axcelis Technologies (NASDAQ:ACLS)

Axcelis Technologies (NASDAQ:ACLS) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Axcelis Technologies has a valuation score of 100, which is 77 points higher than the tech sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -12.4% in the past year. It has underperformed other stocks in the tech sector by -36 percentage points.

3. International Money Express (NASDAQ:IMXI)

International Money Express (NASDAQ:IMXI) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. International Money Express has a valuation score of 100, which is 77 points higher than the tech sector average of 23. It passed 7 out of 7 valuation due diligence checks.

International Money Express's stock has dropped -19.19% in the past year. It has underperformed other stocks in the tech sector by -42 percentage points.

Are tech stocks a good buy now?

40.11% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 19.86% 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 45.84x.

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.