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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
UI
UBIQUITI INC
NYSE
Communication Equipment
$6.35B$104.97-1.04%$545.34M17.04x-85.91
LRCX
LAM RESEARCH CORP
NASDAQ
Semiconductor Equipment & Materials
$116.54B$888.92-2.56%$4.28B34.20x1.28
JNPR
JUNIPER NETWORKS INC
NYSE
Communication Equipment
$11.64B$36.16-0.88%$534.10M37.28x1.12
AMD
ADVANCED MICRO DEVICES INC
NASDAQ
Semiconductors
$250.58B$155.080.69%$4.17B292.60x0.22
DT
DYNATRACE INC
NYSE
Software - Application
$13.69B$46.264.12%$175.28M69.04x0.57
CSGS
CSG SYSTEMS INTERNATIONAL INC
NASDAQ
Software - Infrastructure
$1.43B$48.400.83%$194.78M21.90x4.28
SOTK
SONO TEK CORP
NASDAQ
Scientific & Technical Instruments
$64.56M$4.10-3.53%$2.28M58.57x0.41
UBER
UBER TECHNOLOGIES INC
NYSE
Software - Application
$148.05B$71.30-0.89%$3.56B76.67x2.31
HIMX
HIMAX TECHNOLOGIES INC
NASDAQ
Semiconductors
$868.38M$4.970.20%$71.99M16.57x0.91
ITRI
ITRON INC
NASDAQ
Scientific & Technical Instruments
$4.12B$90.49-0.03%$206.56M42.48x0.97
QLYS
QUALYS INC
NASDAQ
Software - Infrastructure
$6.02B$162.840.06%$205.64M39.62x1.21
GLOB
GLOBANT SA
NYSE
Information Technology Services
$7.73B$179.52-1.44%$361.66M48.26x0.55
MSI
MOTOROLA SOLUTIONS INC
NYSE
Communication Equipment
$56.40B$339.46-0.31%$2.71B33.18x17.40
NVMI
NOVA LTD
NASDAQ
Semiconductor Equipment & Materials
$4.93B$170.00-0.07%$170.90M35.94x0.51
ANSS
ANSYS INC
NASDAQ
Software - Application
$28.24B$324.50-0.34%$795.30M56.34x0.36
DTST
DATA STORAGE CORP
NASDAQ
Information Technology Services
$31.76M$4.59-4.77%$1.76M76.50x0.18
DSGX
DESCARTES SYSTEMS GROUP INC
NASDAQ
Software - Application
$7.67B$90.13-0.45%$218.49M66.27x0.19
EXTR
EXTREME NETWORKS INC
NASDAQ
Communication Equipment
$1.41B$10.94-1.71%$159.24M17.93x9.56
CHKP
CHECK POINT SOFTWARE TECHNOLOGIES LTD
NASDAQ
Software - Infrastructure
$17.88B$158.380.18%$1.02B22.03x1.02
CDNS
CADENCE DESIGN SYSTEMS INC
NASDAQ
Software - Application
$77.83B$285.90-2.66%$1.46B74.07x0.67
BMI
BADGER METER INC
NYSE
Scientific & Technical Instruments
$5.24B$178.4816.65%$150.08M56.48x0.39
SHOP
SHOPIFY INC
NYSE
Software - Application
$89.43B$69.510.14%$255.00M695.10x0.25
CPAY
CORPAY INC
NYSE
Software - Infrastructure
$21.24B$295.64-0.21%$2.01B22.03x3.72
CLMB
CLIMB GLOBAL SOLUTIONS INC
NASDAQ
Electronics & Computer Distribution
$299.40M$65.55-2.08%$19.02M24.10x3.48
WDAY
WORKDAY INC
NASDAQ
Software - Application
$67.49B$255.64-0.54%$734.00M48.42x1.04
MCHP
MICROCHIP TECHNOLOGY INC
NASDAQ
Semiconductors
$45.51B$84.21-1.01%$4.06B19.40x1.28
AKAM
AKAMAI TECHNOLOGIES INC
NASDAQ
Software - Infrastructure
$15.26B$100.730.39%$1.24B28.06x1.15
PLXS
PLEXUS CORP
NASDAQ
Electronic Components
$2.57B$93.18-0.53%$251.30M20.39x1.61
APP
APPLOVIN CORP
NASDAQ
Software - Application
$23.55B$68.86-2.88%$1.15B68.18x3.27
KLAC
KLA CORP
NASDAQ
Semiconductor Equipment & Materials
$87.12B$644.22-2.24%$3.83B32.52x3.69
HPQ
HP INC
NYSE
Computer Hardware
$27.09B$27.62-0.25%$4.51B7.98x-22.86
AVT
AVNET INC
NASDAQ
Electronics & Computer Distribution
$4.21B$46.54-0.11%$1.30B6.33x1.59
SRAD
SPORTRADAR GROUP AG
NASDAQ
Software - Application
$2.89B$9.70-2.76%$322.99M74.58x1.58
EEFT
EURONET WORLDWIDE INC
NASDAQ
Software - Infrastructure
$4.66B$101.810.58%$589.10M17.64x3.72
TIXT
TELUS INTERNATIONAL (CDA) INC
NYSE
Software - Infrastructure
$2.14B$7.82-1.51%$527.00M39.10x1.37
IMMR
IMMERSION CORP
NASDAQ
Software - Application
$225.07M$7.100.14%$43.31M6.76x0.18
VRNT
VERINT SYSTEMS INC
NASDAQ
Software - Infrastructure
$1.81B$29.09-0.14%$142.07M103.89x1.15
JBL
JABIL INC
NYSE
Electronic Components
$15.63B$129.59-0.05%$2.91B10.94x5.44
ASML
ASML HOLDING NV
NASDAQ
Semiconductor Equipment & Materials
$349.74B$889.03-2.05%$9.88B45.81x1.83
MNDO
MIND CTI LTD
NASDAQ
Software - Application
$37.33M$1.86-1.85%$5.72M7.13x0.29
MPWR
MONOLITHIC POWER SYSTEMS INC
NASDAQ
Semiconductors
$30.18B$620.31-2.73%$546.01M69.08x0.19
HCKT
HACKETT GROUP INC
NASDAQ
Information Technology Services
$620.11M$22.470.13%$52.68M17.83x1.01
NVDA
NVIDIA CORP
NASDAQ
Semiconductors
$2.12T$846.710.76%$35.58B70.27x0.53
DAKT
DAKTRONICS INC
NASDAQ
Electronic Components
$425.87M$9.222.90%$82.04M7.88x1.11
WEX
WEX INC
NYSE
Software - Infrastructure
$9.59B$229.900.01%$849.60M36.90x6.63
INTU
INTUIT INC
NASDAQ
Software - Application
$170.33B$608.38-0.79%$4.46B61.58x0.76
FN
FABRINET
NYSE
Electronic Components
$6.00B$165.20-0.55%$320.80M23.63x0.32
MTSI
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC
NASDAQ
Semiconductors
$6.86B$95.16-1.28%$159.17M90.63x0.61
ARW
ARROW ELECTRONICS INC
NYSE
Electronics & Computer Distribution
$6.57B$122.040.07%$1.67B7.61x2.73
CPSH
CPS TECHNOLOGIES CORP
NASDAQ
Electronic Components
$25.99M$1.792.87%$2.22M19.89x0.25
LFUS
LITTELFUSE INC
NASDAQ
Electronic Components
$5.63B$226.120.08%$505.89M21.66x0.61
IPGP
IPG PHOTONICS CORP
NASDAQ
Semiconductor Equipment & Materials
$3.90B$84.590.26%$302.76M18.23x0.12
EGAN
EGAIN CORP
NASDAQ
Software - Application
$189.09M$6.06-1.14%$10.05M26.35x0.88
TXN
TEXAS INSTRUMENTS INC
NASDAQ
Semiconductors
$148.82B$163.67-1.23%$9.01B22.96x0.91
STNE
STONECO LTD
NASDAQ
Software - Infrastructure
$4.80B$15.260.07%$1.36B15.08x2.33
CLS
CELESTICA INC
NYSE
Electronic Components
$5.21B$43.81-1.82%$543.60M21.48x2.33
INTT
INTEST CORP
NYSEMKT
Semiconductor Equipment & Materials
$134.30M$11.04-2.04%$16.41M13.46x0.40
RELY
REMITLY GLOBAL INC
NASDAQ
Software - Infrastructure
$3.51B$18.600.05%-$96.47M-28.62x0.96
SAIC
SCIENCE APPLICATIONS INTERNATIONAL CORP
NASDAQ
Information Technology Services
$6.36B$123.18-1.20%$882.00M13.72x1.98
TSRI
TSR INC
NASDAQ
Software - Application
$16.49M$7.600.93%$2.78M8.54x0.39
ATEN
A10 NETWORKS INC
NYSE
Software - Infrastructure
$957.27M$12.850.39%$53.14M23.80x0.88
VSH
VISHAY INTERTECHNOLOGY INC
NYSE
Semiconductors
$2.90B$21.08-0.05%$675.21M9.09x0.93
NICE
NICE LTD
NASDAQ
Software - Application
$14.52B$230.950.18%$602.59M43.41x0.53
ALKT
ALKAMI TECHNOLOGY INC
NASDAQ
Software - Application
$2.33B$24.040.84%-$44.85M-35.88x0.23
VICR
VICOR CORP
NASDAQ
Electronic Components
$1.54B$34.64-0.17%$77.48M28.63x0.10
FLEX
FLEX LTD
NASDAQ
Electronic Components
$11.64B$27.63-1.60%$1.43B16.16x2.33
NTAP
NETAPP INC
NASDAQ
Computer Hardware
$20.67B$100.14-0.76%$1.50B22.30x8.43
DCBO
DOCEBO INC
NASDAQ
Software - Application
$1.35B$44.460.72%-$750.00k494.00x2.12
VSAT
VIASAT INC
NASDAQ
Communication Equipment
$1.95B$15.53-0.19%$1.35B1.99x2.26
SOL
EMEREN GROUP LTD
NYSE
Solar
$97.94M$1.74-2.25%N/AN/A0.29
SURG
SURGEPAYS INC
NASDAQ
Software - Application
$71.95M$3.73-0.80%$20.06M2.57x0.48
MLAB
MESA LABORATORIES INC
NASDAQ
Scientific & Technical Instruments
$537.36M$99.62-1.50%$38.93M586.00x0.84
BHE
BENCHMARK ELECTRONICS INC
NYSE
Electronic Components
$1.07B$29.86-0.60%$158.51M16.50x1.11
CRSR
CORSAIR GAMING INC
NASDAQ
Computer Hardware
$1.11B$10.76-1.47%$63.09M358.67x0.99
ROP
ROPER TECHNOLOGIES INC
NASDAQ
Software - Application
$56.43B$527.270.15%$1.96B40.62x0.62
OTEX
OPEN TEXT CORP
NASDAQ
Software - Application
$9.45B$34.750.43%$1.53B73.94x3.08
APPF
APPFOLIO INC
NASDAQ
Software - Application
$7.62B$212.49-1.95%$36.63M2,656.13x0.38
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
NYSE
Semiconductors
$686.01B$132.27-4.86%$49.14B24.98x0.61
PEGA
PEGASYSTEMS INC
NASDAQ
Software - Application
$4.90B$58.40-0.92%$121.06M71.22x3.27
GFS
GLOBALFOUNDRIES INC
NASDAQ
Semiconductors
$25.93B$46.89-0.99%$2.53B25.35x0.63
VZIO
VIZIO HOLDING CORP
NYSE
Consumer Electronics
$2.13B$10.74-0.09%$45.50M76.71x1.14
BOX
BOX INC
NYSE
Software - Infrastructure
$3.82B$26.470.84%$101.99M38.36x-2.74
PERF
PERFECT CORP
NYSE
Software - Application
$241.38M$2.37-0.84%$6.26M47.40x0.22
SAP
SAP SE
NYSE
Software - Application
$208.51B$178.64-0.72%$7.83B31.25x0.58
CINT
CI&T INC
NYSE
Software - Infrastructure
$556.47M$4.142.22%$90.25M21.45xN/A
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
NASDAQ
Communication Equipment
$16.27M$2.830.35%$2.96M8.09x0.72
EVTC
EVERTEC INC
NYSE
Software - Infrastructure
$2.43B$37.190.27%$217.39M30.24x2.40
ADBE
ADOBE INC
NASDAQ
Software - Infrastructure
$211.98B$473.18-0.27%$7.22B44.98x0.86
CGNX
COGNEX CORP
NASDAQ
Scientific & Technical Instruments
$6.64B$38.69-1.33%$157.23M58.62x0.34
DIOD
DIODES INC
NASDAQ
Semiconductors
$3.11B$67.740.86%$417.50M13.66x0.32
FRSH
FRESHWORKS INC
NASDAQ
Software - Application
$5.26B$17.65-0.23%-$103.89M-37.55x0.36
TDY
TELEDYNE TECHNOLOGIES INC
NYSE
Scientific & Technical Instruments
$18.96B$400.14-0.03%$1.35B21.28x0.58
CRWD
CROWDSTRIKE HOLDINGS INC
NASDAQ
Software - Infrastructure
$71.13B$294.100.14%$305.97M794.86x1.87
CAMT
CAMTEK LTD
NASDAQ
Semiconductor Equipment & Materials
$3.55B$79.17-1.48%$71.20M44.98x0.65
ENTG
ENTEGRIS INC
NASDAQ
Semiconductor Equipment & Materials
$19.11B$127.09-1.67%$871.79M105.03x1.59
PCTY
PAYLOCITY HOLDING CORP
NASDAQ
Software - Application
$8.87B$157.500.40%$298.68M52.50x3.55
LSPD
LIGHTSPEED COMMERCE INC
NYSE
Software - Application
$1.99B$12.99-0.84%-$133.66M-9.62x0.07
ACN
ACCENTURE PLC
NYSE
Information Technology Services
$211.95B$316.000.46%$11.50B28.32x0.86
AVNW
AVIAT NETWORKS INC
NASDAQ
Communication Equipment
$410.30M$32.70-1.51%$29.33M24.96x0.97
ALRM
ALARMCOM HOLDINGS INC
NASDAQ
Software - Application
$3.21B$64.300.08%$144.87M39.45x1.04

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65-0.40%-5.38%-3.86%-21.69%17.62x2.65x+69.30%+9.36%+17.57%+23.54%Buy
38-2.15%-4.77%-6.05%+141.60%40.91x13.52x-25.84%+9.69%+18.06%+11.62%Buy
18-0.19%-4.12%-5.44%-7.58%24.14x20.44x+149.62%+28.21%+53.05%+25.53%Buy
44-0.32%-5.41%-3.37%+6.87%25.33x3.40x+21.37%+9.46%+14.52%+17.23%Buy
10-0.46%-7.69%+0.88%+20.85%12.74x1.31x+12.26%+3.93%+12.64%+6.32%Hold
66-0.33%-4.66%-7.75%+8.50%23.62x4.52x+25.72%+7.96%+16.31%+18.48%Buy
33+0.75%-3.52%-3.23%-2.60%-4.97x3.07x+9.30%+6.23%+9.09%+11.65%Buy
29-2.09%-8.74%-4.74%+45.05%37.88x11.10x+51.32%+18.23%+30.91%+14.59%Buy
69-1.72%-8.54%-4.42%+23.58%59.50x7.66x+52.29%+30.14%+33.96%+20.84%Strong Buy
249+0.12%-6.88%-6.21%+18.58%98.93x6.39x+7.23%+4.59%+7.46%+19.49%Buy
138-0.38%-5.41%-6.47%+11.58%75.98x11.64x-37.66%+15.36%+24.59%+22.63%Buy
23-2.27%-10.05%-2.57%-57.89%25.36x2.43x+16.22%+8.69%+12.85%+44.76%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 69, which is 39 points higher than the tech sector average of 30. It passed 25 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 31.63% over the past year, overperforming other tech stocks by 16 percentage points.

Logitech International Sa has an average 1 year price target of $96.17, an upside of 23.16% from Logitech International Sa's current stock price of $78.08.

Logitech International Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Logitech International Sa, 50% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a Hold, while 0% have issued a Sell rating, and 16.67% 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 4.64% over the past year, underperforming other tech stocks by -11 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -21.67% from Full Truck Alliance Co's current stock price of $7.66.

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. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the third 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. Agilysys has seen its stock lose -3.15% over the past year, underperforming other tech stocks by -18 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 22.32% from Agilysys's current stock price of $81.75.

Agilysys stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Agilysys, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% 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 4.43%. 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 154.96%, which is 151 percentage points higher than the tech sector average of 4.43%. 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 128.44%, which is 124 percentage points higher than the tech sector average of 4.43%.

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 down?

Tech stocks were down -0.62% in the last day, and down -6.55% over the last week. Canaan was the among the top losers in the technology sector, dropping -17.12% yesterday.

Canaan shares are trading lower after the company filed a prospectus related to a mixed shelf of up to $300 million.

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 74 points higher than the tech sector average of 26. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -23.82% in the past year. It has underperformed other stocks in the tech sector by -39 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 74 points higher than the tech sector average of 26. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 179.16% in the past year. It has overperformed other stocks in the tech sector by 164 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 74 points higher than the tech sector average of 26. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -31.26% in the past year. It has underperformed other stocks in the tech sector by -46 percentage points.

Are tech stocks a good buy now?

40.48% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 19.22% 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 57.66x.
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.