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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
KC
KINGSOFT CLOUD HOLDINGS LTD
China
$889.79M3,805,284,8010.89%0.00%
ETWO
E2OPEN PARENT HOLDINGS INC
United States
$1.49B306,526,29467.87%32.13%Net SellingNet Selling
SMTC
SEMTECH CORP
United States
$2.50B64,563,18196.07%3.93%Net SellingNet Selling
UIS
UNISYS CORP
United States
$358.47M68,410,47786.81%10.17%Net SellingNet Selling
MRVL
MARVELL TECHNOLOGY INC
United States
$57.74B866,000,00069.01%30.99%Net SellingNet Selling
MSTR
MICROSTRATEGY INC
United States
$20.03B17,737,43145.87%0.62%Net SellingNet Selling
DXC
DXC TECHNOLOGY CO
United States
$3.46B182,870,64696.14%2.91%Net SellingNet Buying
RYDE
RYDE GROUP LTD
Singapore
$73.97M19,113,4430.00%0.00%
NUKK
NUKKLEUS INC
China
$1.54M1,814,6964.70%0.55%
SGN
SIGNING DAY SPORTS INC
United States
$4.79M15,365,3120.11%21.32%Net Buying
EXTR
EXTREME NETWORKS INC
United States
$1.48B129,947,60082.70%17.30%Net SellingNet Selling
CISO
CISO GLOBAL INC
United States
$13.33M12,232,3795.12%94.88%
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
India
$2.39M694,477100.00%0.00%
WRAP
WRAP TECHNOLOGIES INC
United States
$68.75M44,214,1698.83%45.47%Net Selling
POET
POET TECHNOLOGIES INC
Canada
$100.70M42,488,0452.25%0.00%
UAVS
AGEAGLE AERIAL SYSTEMS INC
United States
$7.30M10,891,4273.71%96.29%Net BuyingNet Buying
SQNS
SEQUANS COMMUNICATIONS
France
$31.40M246,262,00415.83%0.00%
MLNK
MERIDIANLINK INC
United States
$1.30B76,318,17453.42%46.58%Net SellingNet Selling
CLVT
CLARIVATE PLC
United States
$4.62B666,285,99061.94%38.06%Net SellingNet Selling
GBTG
GLOBAL BUSINESS TRAVEL GROUP INC
United States
$2.91B472,619,83035.90%64.10%Net SellingNet Selling
KNW
KNOW LABS INC
United States
$55.32M81,346,5242.81%42.02%Net BuyingNet Buying
EZFL
EZFILL HOLDINGS INC
United States
$11.65M4,673,4700.41%99.59%Net Buying
NATL
NCR ATLEOS CORP
United States
$1.53B72,100,00087.31%0.63%Net BuyingNet Buying
FRGT
FREIGHT TECHNOLOGIES INC
United States
$392.19k565,11826.94%0.00%
OST
OSTIN TECHNOLOGY GROUP CO LTD
China
$6.02M14,006,2500.76%0.00%
WAVD
WAVEDANCER INC
United States
$4.87M2,013,1801.67%98.33%Net Buying
ZEPP
ZEPP HEALTH CORP
China
$54.49M240,827,1513.58%0.00%
XTIA
XTI AEROSPACE INC
United States
$21.82M9,919,41121.66%78.34%Net SellingNet Selling
NTRP
NEXTTRIP INC
United States
$2.11M780,4231.58%98.42%Net Buying
SATX
SATIXFY COMMUNICATIONS LTD
Israel
$48.87M83,114,1934.90%0.00%
CAMP
CALAMP CORP
United States
$5.68M1,652,02048.24%51.76%Net SellingNet Selling
PHUN
PHUNWARE INC
United States
$53.38M8,027,08257.35%42.65%Net SellingNet Buying
OMQS
OMNIQ CORP
United States
$3.96M10,690,2115.64%26.30%Net Selling
ARBB
ARB IOT GROUP LTD
Singapore
$27.76M26,437,5000.06%0.00%
TURB
TURBO ENERGY SA
Spain
$13.33M55,085,7000.11%0.00%
UMAC
UNUSUAL MACHINES INC
Puerto Rico
$11.17M9,083,3410.00%100.00%Net BuyingNet Buying
MRDB
MARIADB PLC
Ireland
$35.91M67,749,42918.03%27.49%
MRT
MARTI TECHNOLOGIES INC
United States
$95.82M57,036,0943.92%0.00%
NOTE
FISCALNOTE HOLDINGS INC
United States
$176.86M131,009,71935.02%64.98%Net SellingNet Selling
DBD
DIEBOLD NIXDORF INC
United States
$1.30B37,566,66882.66%17.34%Net SellingNet Selling
RMCO
ROYALTY MANAGEMENT HOLDING CORP
United States
$12.42M14,504,0950.62%17.84%
FCUV
FOCUS UNIVERSAL INC
United States
$20.08M64,771,8174.42%19.81%
XRX
XEROX HOLDINGS CORP
United States
$1.66B124,198,43249.56%50.44%Net SellingNet Buying
RBRK
RUBRIK INC
United States
N/A175,433,7850.00%0.00%
SLNH
SOLUNA HOLDINGS INC
United States
$6.99M2,841,4900.98%99.02%Net Buying
ALIT
ALIGHT INC
United States
$5.19B562,982,41872.90%27.10%Net SellingNet Selling
BNZI
BANZAI INTERNATIONAL INC
United States
$7.41M20,068,0971.11%98.89%Net BuyingNet Buying
ISDR
ISSUER DIRECT CORP
United States
$44.83M3,815,21214.76%85.24%Net BuyingNet Buying
MODN
MODEL N INC
United States
$1.16B39,032,25665.83%34.17%Net SellingNet Selling
MOGO
MOGO INC
Canada
$45.35M24,515,90914.92%0.00%
NA
NANO LABS LTD
China
$47.60M65,831,4370.01%0.00%
XELA
EXELA TECHNOLOGIES INC
United States
$13.56M6,365,3510.26%99.74%Net BuyingNet Buying
VYX
NCR VOYIX CORP
United States
$1.74B144,290,21084.25%15.75%Net SellingNet Selling
COMM
COMMSCOPE HOLDING COMPANY INC
United States
$222.88M212,270,57684.12%5.76%Net BuyingNet Buying
ST
SENSATA TECHNOLOGIES HOLDING PLC
United Kingdom
$5.94B150,738,90743.69%56.31%Net SellingNet Selling
LPL
LG DISPLAY CO LTD
Republic Of Korea
$3.01B357,815,7003.85%0.00%
NVNI
NVNI GROUP LTD
Cayman Islands
N/A31,617,3700.15%0.00%
AUUD
AUDDIA INC
United States
$3.80M2,194,19616.03%83.97%Net SellingNet Selling
JFU
9F INC
China
$35.91M235,466,6600.01%0.00%
MINM
MINIM INC
United States
$12.81M2,965,9000.13%99.87%Net Buying
UPLD
UPLAND SOFTWARE INC
United States
$55.74M27,592,89951.11%48.89%Net SellingNet Selling
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
Ireland
$18.12B209,988,54212.42%87.58%Net SellingNet Selling
LEDS
SEMILEDS CORP
Taiwan
$11.19M7,175,2380.18%99.82%Net BuyingNet Buying
ASTS
AST SPACEMOBILE INC
United States
$588.90M256,042,83613.46%45.53%Net SellingNet Selling
TCX
TUCOWS INC
Canada
$205.13M10,928,62315.08%84.92%Net SellingNet Selling
CORZ
CORE SCIENTIFIC INC
United States
$568.31M177,596,0740.00%6.14%Net BuyingNet Buying
ENV
ENVESTNET INC
United States
$3.47B54,788,79368.04%31.96%Net BuyingNet Buying
MOBX
MOBIX LABS INC
United States
$79.49M25,808,1210.70%34.36%Net Buying
ROMA
ROMA GREEN FINANCE LTD
Hong Kong
$7.41M10,425,2890.00%0.00%
MFI
MF INTERNATIONAL LTD
Hong Kong
N/A13,145,0000.00%0.00%
LDTC
LEDDARTECH HOLDINGS INC
Canada (Federal Level)
$64.73M28,770,9307.89%0.00%
CAUD
COLLECTIVE AUDIENCE INC
United States
$8.36M13,158,0781.88%55.39%Net SellingNet Selling
ASNS
ACTELIS NETWORKS INC
United States
$1.81M3,020,26811.14%27.92%Net SellingNet Selling
WISA
WISA TECHNOLOGIES INC
United States
$8.33M1,672,9381.16%98.84%Net Selling
HUBC
HUB CYBER SECURITY LTD
Israel
$9.23M8,879,1360.05%55.28%
ZPTA
ZAPATA COMPUTING HOLDINGS INC
United States
$39.94M29,804,90423.45%7.26%
AWIN
AERWINS TECHNOLOGIES INC
Japan
$2.98M924,8904.95%95.05%
INTZ
INTRUSION INC
United States
$3.60M1,944,6758.92%91.08%Net BuyingNet Buying
RXT
RACKSPACE TECHNOLOGY INC
United States
$382.37M219,755,45179.53%18.47%Net SellingNet Selling
OPTX
SYNTEC OPTICS HOLDINGS INC
United States
$19.95M6,139,7160.51%99.49%
GCTS
GCT SEMICONDUCTOR HOLDING INC
United States
$63.71M12,566,36022.68%77.32%
AILE
ILEARNINGENGINES INC
United States
$64.41M8,204,5301.90%98.10%Net BuyingNet Buying
ASTI
ASCENT SOLAR TECHNOLOGIES INC
United States
$379.38k3,793,8430.02%99.98%Net BuyingNet Buying
VVPR
VIVOPOWER INTERNATIONAL PLC
United States
$9.57M2,578,8260.02%15.78%Net BuyingNet Buying
KSPI
JOINT STOCK CO KASPIKZ
Kazakhstan
$22.14B190,008,8900.09%0.00%

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+0.82%+1.36%-0.11%-8.61%11.06x2.65x+50.02%+8.78%+15.91%+20.29%Buy
38+2.50%-1.53%-15.05%+143.06%36.11x13.49x-27.61%+9.89%+18.59%+25.51%Buy
18+1.21%+1.99%+0.19%-4.71%25.04x21.20x+149.66%+28.22%+53.06%+22.17%Buy
44+1.94%+2.11%-1.20%+15.59%26.32x3.57x+20.92%+9.55%+15.00%+14.56%Buy
10-0.59%-3.57%-5.00%+31.16%12.90x1.32x+11.53%+3.71%+11.85%+7.14%Hold
66+0.94%-1.05%-5.96%+12.83%26.97x4.42x+24.63%+8.17%+16.53%+19.25%Buy
33+2.07%+4.04%-0.49%+5.26%14.46x3.17x+9.52%+6.55%+9.40%+9.27%Buy
29+2.56%-0.26%-5.58%+48.29%36.36x11.20x+50.94%+18.23%+30.75%+14.25%Buy
69+2.31%+0.61%-3.64%+36.48%53.86x7.73x+52.40%+30.22%+34.04%+17.96%Buy
252+1.42%-1.73%-7.31%+25.07%87.61x6.41x+6.22%+4.25%+7.09%+22.56%Buy
138+0.65%-0.54%-5.04%+19.41%41.80x11.13x-40.70%+15.06%+24.40%+21.90%Buy
23+2.07%+3.53%-3.66%-45.03%29.31x2.47x+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.