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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
SMTC
SEMTECH CORP
NASDAQ
Semiconductors
$2.58B$39.950.28%-$861.25M-2.35x-5.47
ETWO
E2OPEN PARENT HOLDINGS INC
NYSE
Software - Application
$1.54B$5.011.83%-$827.79M-1.42x1.05
MSTR
MICROSTRATEGY INC
NASDAQ
Software - Application
$28.10B$1,584.5010.04%-$277.73M-171.11x1.65
KC
KINGSOFT CLOUD HOLDINGS LTD
NASDAQ
Software - Application
$917.83M$3.601.12%-$142.36M-2.84x1.14
BTCM
BIT MINING LTD
NYSE
Information Technology Services
$28.34M$2.556.25%-$16.15M-0.85x1.89
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
NASDAQ
Software - Application
$2.22M$3.194.25%-$3.78M-2.31x2.41
SQNS
SEQUANS COMMUNICATIONS
NYSE
Semiconductors
$32.01M$0.524.00%-$14.97M-0.72x-18.98
MSAI
MULTISENSOR AI HOLDINGS INC
NASDAQ
Software - Infrastructure
$34.66M$2.52-3.08%-$25.46M-0.64x9.37
EVBG
EVERBRIDGE INC
NASDAQ
Software - Application
$1.45B$34.870.32%$16.55M-27.03x2.43
BAND
BANDWIDTH INC
NASDAQ
Software - Infrastructure
$600.92M$22.250.14%$16.83M-19.69x2.64
CLVT
CLARIVATE PLC
NYSE
Information Technology Services
$4.02B$6.01-2.75%-$47.00M-3.64x1.12
UAVS
AGEAGLE AERIAL SYSTEMS INC
NYSEMKT
Computer Hardware
$7.96M$0.67-2.91%-$36.62M-0.09x1.57
WRAP
WRAP TECHNOLOGIES INC
NASDAQ
Scientific & Technical Instruments
$72.95M$1.655.10%-$14.38M-4.34x0.54
SATS
ECHOSTAR CORP
NASDAQ
Communication Equipment
$4.78B$17.592.81%$8.23M-2.50x1.81
CISO
CISO GLOBAL INC
NASDAQ
Software - Infrastructure
$10.28M$0.84-1.18%-$74.41M-0.12x2.20
LKCO
LUOKUNG TECHNOLOGY CORP
NASDAQ
Software - Application
$10.13M$0.580.52%N/A-0.22x0.99
EGIO
EDGIO INC
NASDAQ
Software - Infrastructure
$58.81M$10.43-1.23%-$105.37M-0.36x1.95
ALAB
ASTERA LABS INC
NASDAQ
Semiconductors
$11.29B$72.50-0.68%N/AN/A0.07
XRX
XEROX HOLDINGS CORP
NASDAQ
Information Technology Services
$1.73B$13.95-0.50%-$17.00M-9.55x3.09
XTIA
XTI AEROSPACE INC
NASDAQ
Software - Application
$15.57M$1.57-4.85%-$38.24M-0.02x2.69
ZEPP
ZEPP HEALTH CORP
NYSE
Consumer Electronics
$53.58M$0.893.49%-$12.65M-1.85x0.81
KSCP
KNIGHTSCOPE INC
NASDAQ
Communication Equipment
$40.45M$0.38-4.30%-$24.72M-1.08x-0.62
SATX
SATIXFY COMMUNICATIONS LTD
NYSEMKT
Communication Equipment
$51.53M$0.621.14%-$16.22M-1.68x-1.93
MRT
MARTI TECHNOLOGIES INC
NYSEMKT
Software - Application
$103.81M$1.823.41%-$17.00M-2.72x-2.23
RPD
RAPID7 INC
NASDAQ
Software - Infrastructure
$2.38B$38.11-2.58%-$2.38M-19.35x-18.22
MRVL
MARVELL TECHNOLOGY INC
NASDAQ
Semiconductors
$62.28B$71.92-1.59%$830.00M-66.59x0.43
DBD
DIEBOLD NIXDORF INC
NYSE
Software - Application
$1.67B$44.542.86%N/AN/A2.88
NTRP
NEXTTRIP INC
NASDAQ
Information Technology Services
$2.05M$2.631.00%-$5.76M-0.24x0.44
AILE
ILEARNINGENGINES INC
NASDAQ
Software - Infrastructure
$906.62M$6.75-0.74%-$17.28M-15.70x-3.37
FCUV
FOCUS UNIVERSAL INC
NASDAQ
Scientific & Technical Instruments
$19.37M$0.303.10%-$4.70M-3.74x1.10
OST
OSTIN TECHNOLOGY GROUP CO LTD
NASDAQ
Electronic Components
$6.53M$0.4711.22%-$6.78M-0.60x3.04
EZFL
EZFILL HOLDINGS INC
NASDAQ
Software - Application
$12.61M$2.623.15%-$6.24M-1.04x-2.77
LPL
LG DISPLAY CO LTD
NYSE
Consumer Electronics
$3.91B$3.91-3.69%N/A-1.70x3.35
SYNA
SYNAPTICS INC
NASDAQ
Semiconductors
$3.73B$94.481.79%$41.90M-34.99x1.06
TURB
TURBO ENERGY SA
NASDAQ
Solar
$13.11M$1.190.85%-$2.79M-5.53x1.90
SGN
SIGNING DAY SPORTS INC
NYSEMKT
Software - Application
$4.63M$0.303.79%-$6.10M-0.67x16.19
MRDB
MARIADB PLC
NYSE
Software - Infrastructure
$34.64M$0.500.00%-$33.65M-0.85x-1.41
ARBB
ARB IOT GROUP LTD
NASDAQ
Information Technology Services
$22.37M$0.850.12%$5.23M-0.73x1.66
CAMP
CALAMP CORP
NASDAQ
Communication Equipment
$6.23M$3.773.86%-$68.86M-0.06x-4.79
ALIT
ALIGHT INC
NYSE
Software - Application
$4.52B$8.050.88%$159.00M-10.45x1.37
DHX
DHI GROUP INC
NYSE
Software - Application
$118.43M$2.45-1.21%$25.26M61.25x1.18
IDAI
T STAMP INC
NASDAQ
Software - Application
$7.21M$0.680.44%-$6.79M-0.72x2.94
POET
POET TECHNOLOGIES INC
NASDAQ
Semiconductors
$106.49M$2.21-2.64%-$18.64M-4.42x0.65
PEGY
PINEAPPLE ENERGY INC
NASDAQ
Solar
$10.07M$0.11-29.05%$3.27M-0.13x-5.89
RBRK
RUBRIK INC
NYSE
Software - Infrastructure
N/A$36.574.91%-$272.87M-6.26x-1.11
XELA
EXELA TECHNOLOGIES INC
NASDAQ
Software - Application
$16.23M$2.55-1.54%$78.78M-0.14x-1.68
NA
NANO LABS LTD
NASDAQ
Semiconductors
$40.16M$0.613.39%-$243.59M-0.14x-24.88
GREE
GREENIDGE GENERATION HOLDINGS INC
NASDAQ
Software - Application
$24.23M$2.47-0.40%-$1.38M-0.76x-2.59
JTAI
JETAI INC
NASDAQ
Software - Application
$8.55M$0.67-1.03%-$12.29M-0.59x-3.01
ST
SENSATA TECHNOLOGIES HOLDING PLC
NYSE
Scientific & Technical Instruments
$6.45B$42.770.30%$494.06M-475.22x1.56
AISP
AIRSHIP AI HOLDINGS INC
NASDAQ
Software - Infrastructure
$100.97M$4.36-18.50%-$15.71M-18.96x-1.10
NVNI
NVNI GROUP LTD
NASDAQ
Software - Application
N/A$1.400.00%N/A-0.52x13.00
ISDR
ISSUER DIRECT CORP
NYSEMKT
Software - Application
$38.14M$9.99-1.96%$5.52M49.95x0.83
LEDS
SEMILEDS CORP
NASDAQ
Semiconductors
$10.98M$1.53-1.29%-$1.82M-2.73x2.93
UPLD
UPLAND SOFTWARE INC
NASDAQ
Software - Application
$76.71M$2.78-2.46%-$52.11M-0.58x30.61
AUUD
AUDDIA INC
NASDAQ
Software - Application
$3.91M$1.40-3.45%-$5.80M-0.13x2.20
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
NASDAQ
Computer Hardware
$20.01B$95.27-3.02%$461.00M-73.28x-4.76
ENV
ENVESTNET INC
NYSE
Software - Application
$3.74B$67.812.28%-$48.08M-18.99x2.18
MINM
MINIM INC
NASDAQ
Communication Equipment
$10.38M$3.50-3.31%-$16.44M-0.39x105.63
ZPTA
ZAPATA COMPUTING HOLDINGS INC
NASDAQ
Software - Infrastructure
$29.10M$0.91-2.15%-$50.88M-0.09x-1.47
KNW
KNOW LABS INC
NYSEMKT
Scientific & Technical Instruments
$55.67M$0.65-7.00%-$14.15M-1.91x-3.82
NATL
NCR ATLEOS CORP
NYSE
Software - Application
$2.06B$28.500.53%$472.00MN/A19.40
UIS
UNISYS CORP
NYSE
Information Technology Services
$344.07M$4.97-3.12%-$217.30M-0.84x-12.83
LDTC
LEDDARTECH HOLDINGS INC
NASDAQ
Software - Application
$64.16M$2.23-2.19%-$92.13M-0.02x-13.39
TCX
TUCOWS INC
NASDAQ
Software - Infrastructure
$207.73M$18.970.53%-$13.75M-1.99x-49.94
XBP
XBP EUROPE HOLDINGS INC
NASDAQ
Software - Infrastructure
$76.32M$2.53-20.19%$1.03MN/A-7.98
BNZI
BANZAI INTERNATIONAL INC
NASDAQ
Software - Application
$6.68M$0.31-2.22%-$11.43M-0.13x-1.14
ASNS
ACTELIS NETWORKS INC
NASDAQ
Communication Equipment
$1.75M$0.521.96%-$5.56M-0.24x-7.21
GCTS
GCT SEMICONDUCTOR HOLDING INC
NYSE
Semiconductors
$243.68M$5.31-0.38%-$13.29M-26.55x-1.57
KSPI
JOINT STOCK CO KASPIKZ
NASDAQ
Software - Infrastructure
$22.35B$117.62-1.18%N/AN/A4.17
CAUD
COLLECTIVE AUDIENCE INC
NASDAQ
Software - Application
$6.71M$0.514.08%-$3.88M-0.00x2.92
SMXT
SOLARMAX TECHNOLOGY INC
NASDAQ
Solar
$558.69M$12.42-0.56%N/A-26.43x-94.45
WISA
WISA TECHNOLOGIES INC
NASDAQ
Semiconductors
$5.45M$3.26-2.10%-$17.69M-0.01x-1.89
COMM
COMMSCOPE HOLDING COMPANY INC
NASDAQ
Communication Equipment
$280.21M$1.3211.86%-$384.30M-0.15x-3.24
RDZN
ROADZEN INC
NASDAQ
Software - Application
$234.07M$3.426.88%N/AN/A-109.08
RXT
RACKSPACE TECHNOLOGY INC
NASDAQ
Software - Infrastructure
$474.56M$2.12-1.40%-$244.70M-0.54x-5.47
BTDR
BITDEER TECHNOLOGIES GROUP
NASDAQ
Software - Application
$655.75M$5.71-2.56%N/AN/A0.77
ASTI
ASCENT SOLAR TECHNOLOGIES INC
NASDAQ
Solar
$3.81M$0.12-27.91%-$11.60M-0.00x-2.95
AWIN
AERWINS TECHNOLOGIES INC
NASDAQ
Scientific & Technical Instruments
$4.31M$4.66-9.08%-$25.73M-0.17x-1.06
GETR
GETAROUND INC
NYSE
Software - Application
$18.81M$0.20-4.27%-$106.17M-0.16x-7.03
INTZ
INTRUSION INC
NASDAQ
Software - Infrastructure
$7.99M$1.63-7.39%-$8.78M-0.20x-5.90
HUBC
HUB CYBER SECURITY LTD
NASDAQ
Software - Infrastructure
$7.83M$0.8810.25%-$111.08M-0.06x-2.17
VVPR
VIVOPOWER INTERNATIONAL PLC
NASDAQ
Solar
$8.28M$3.210.00%-$11.87M-14.59x-16.20
MOBX
MOBIX LABS INC
NASDAQ
Semiconductors
$67.97M$2.50-7.75%-$33.39M-1.06x6.10
OPTX
SYNTEC OPTICS HOLDINGS INC
NASDAQ
Electronic Components
$19.34M$3.15-0.32%$551.30k-105.00x-1.48

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
66+0.33%+3.51%+13.86%+0.01%8.90x2.82x+39.55%+8.64%+15.94%+13.67%Buy
35-0.85%+7.18%+3.53%+154.60%38.33x14.40x-27.44%+10.64%+17.97%+9.60%Buy
19-0.38%+3.52%+7.87%+1.64%28.84x23.24x+142.75%+28.02%+54.15%+16.01%Buy
44+0.24%+1.80%+12.79%+18.46%21.86x3.90x+20.97%+9.77%+15.19%+5.53%Buy
10+0.00%+2.50%+8.24%+36.07%15.09x1.46x+11.24%+3.60%+11.71%-2.57%Hold
62-0.46%+0.92%+2.78%+17.47%27.32x4.56x+24.53%+8.09%+16.40%+14.60%Buy
32+0.32%+2.23%+10.19%+9.70%13.63x3.31x+8.46%+6.49%+13.44%+4.63%Buy
29-0.69%+1.11%+6.64%+45.83%37.71x11.91x+51.04%+18.23%+30.74%+8.78%Buy
67-0.64%+3.62%+10.27%+45.30%66.74x8.38x+51.79%+29.89%+33.61%+9.82%Buy
248+1.44%+5.82%+8.94%+33.55%32.16x6.56x+5.58%+4.72%+7.73%+12.97%Buy
147-0.05%+2.42%+4.02%+14.54%45.36x11.92x+26.21%+15.01%+24.28%+18.89%Buy
26-0.87%+2.97%+3.56%-50.14%24.31x2.67x+11.23%+6.71%+10.76%+31.26%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. Rambus (NASDAQ:RMBS)


Rambus (NASDAQ:RMBS) is the top tech stock with a Zen Score of 69, which is 40 points higher than the tech sector average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 8.25% over the past year, underperforming other tech stocks by -19 percentage points.

Rambus has an average 1 year price target of $81.67, an upside of 40.88% from Rambus's current stock price of $57.97.

Rambus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 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.

2. Dlocal (NASDAQ:DLO)


Dlocal (NASDAQ:DLO) is the second best tech stock with a Zen Score of 66, which is 37 points higher than the tech sector average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Dlocal has seen its stock lose -31.5% over the past year, underperforming other tech stocks by -59 percentage points.

Dlocal has an average 1 year price target of $18.00, an upside of 87.7% from Dlocal's current stock price of $9.59.

Dlocal stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Dlocal, 37.5% have issued a Strong Buy rating, 0% have issued a Buy, 62.5% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Epam Systems (NYSE:EPAM)


Epam Systems (NYSE:EPAM) is the third best tech stock with a Zen Score of 66, which is 37 points higher than the tech sector average of 29. It passed 21 out of 33 due diligence checks and has strong fundamentals. Epam Systems has seen its stock lose -19.37% over the past year, underperforming other tech stocks by -47 percentage points.

Epam Systems has an average 1 year price target of $281.88, an upside of 50.09% from Epam Systems's current stock price of $187.80.

Epam Systems stock has a consensus Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Epam Systems, 50% have issued a Strong Buy rating, 12.5% have issued a Buy, 37.5% 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 118 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 3.25%. 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 0% 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 145.08%, which is 142 percentage points higher than the tech sector average of 3.25%.

Wisekey International Holding Sa's dividend payout ratio of -1,098% indicates that its high dividend yield might not be sustainable for the long-term.

3. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) has an annual dividend yield of 12.73%, which is 9 percentage points higher than the tech sector average of 3.25%. Mind Cti's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Mind Cti's dividend has not shown consistent growth over the last 10 years.

Mind Cti's dividend payout ratio of 92.3% indicates that its high dividend yield might not be sustainable for the long-term.

Why are tech stocks up?

Tech stocks were up 0.23% in the last day, and up 3.61% over the last week. Mmtec was the among the top gainers in the technology sector, gaining 16.64% yesterday.

Shares of US-listed Chinese stocks are trading higher after China unveiled measures to support the property sector.

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 78 points higher than the tech sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -17.76% in the past year. It has underperformed other stocks in the tech sector by -45 percentage points.

2. International Money Express (NASDAQ:IMXI)


International Money Express (NASDAQ:IMXI) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. International Money Express has a valuation score of 100, which is 78 points higher than the tech sector average of 22. It passed 7 out of 7 valuation due diligence checks.

International Money Express's stock has dropped -9.03% in the past year. It has underperformed other stocks in the tech sector by -36 percentage points.

3. Skyworks Solutions (NASDAQ:SWKS)


Skyworks Solutions (NASDAQ:SWKS) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Skyworks Solutions has a valuation score of 100, which is 78 points higher than the tech sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Skyworks Solutions's stock has dropped -5.52% in the past year. It has underperformed other stocks in the tech sector by -33 percentage points.

Are tech stocks a good buy now?

41.41% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 12.49% 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 44.41x.
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.