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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
CINT
CI&T INC
$473.13M$444.03M$90.25M$26.36M$0.1910.90%N/A46.32%N/A2024-05-17
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
$16.21M$44.18M$2.96M$2.01M$0.356.43%6.23%52.17%4.56%2024-05-30
HLIT
HARMONIC INC
$1.32B$572.32M$13.45M$70.81M$0.63-9.89%7.78%90.91%N/A2024-06-11
NVDA
NVIDIA CORP
$2.26T$60.92B$35.58B$29.76B$12.05125.85%39.06%584.66%47.91%2024-06-21
DAKT
DAKTRONICS INC
$519.63M$812.07M$82.04M$53.50M$1.1714.94%6.96%N/A52.90%2024-07-10
CIEN
CIENA CORP
$7.02B$4.37B$532.24M$228.13M$1.5513.60%6.24%27.05%6.91%2024-06-06
FN
FABRINET
$7.94B$2.79B$341.77M$275.90M$7.608.08%12.81%14.29%20.27%
ZM
ZOOM VIDEO COMMUNICATIONS INC
$19.41B$4.53B$957.83M$637.46M$2.123.06%68.78%505.71%N/A2024-05-20
CLS
CELESTICA INC
$5.56B$8.33B$621.60M$321.60M$2.6910.79%4.88%122.31%16.01%
INTU
INTUIT INC
$175.60B$15.09B$4.46B$2.77B$9.8810.30%19.12%43.81%13.18%2024-05-23
QLYS
QUALYS INC
$5.50B$569.58M$215.56M$162.22M$4.4112.35%14.51%49.49%22.94%
TIXT
TELUS INTERNATIONAL (CDA) INC
$1.77B$2.68B$554.00M$68.00M$0.244.85%N/A-60.66%N/A
VZIO
VIZIO HOLDING CORP
$2.06B$1.68B$32.30M$16.80M$0.08-3.28%N/A60.00%N/A
SIMO
SILICON MOTION TECHNOLOGY CORP
$2.51B$639.14M$82.86M$52.87M$1.60-32.43%3.80%-69.23%-10.07%
TXN
TEXAS INSTRUMENTS INC
$171.01B$16.80B$8.49B$5.91B$6.47-13.85%1.51%-28.19%2.82%
LSCC
LATTICE SEMICONDUCTOR CORP
$9.74B$693.66M$212.75M$217.93M$1.59-0.07%11.74%9.66%N/A
ACN
ACCENTURE PLC
$206.19B$64.57B$11.50B$7.03B$11.162.26%8.85%1.45%9.78%2024-06-20
CPAY
CORPAY INC
$20.20B$3.79B$2.03B$996.82M$13.707.13%8.95%7.45%8.34%2024-06-11
CSGS
CSG SYSTEMS INTERNATIONAL INC
$1.28B$1.17B$193.14M$64.79M$2.213.70%4.89%15.71%0.00%2024-05-15
JBL
JABIL INC
$14.21B$32.09B$2.91B$1.51B$11.85-8.65%6.17%68.32%60.00%2024-06-13
ATEN
A10 NETWORKS INC
$1.17B$254.68M$60.03M$45.74M$0.62-7.51%1.77%5.08%N/A
APPF
APPFOLIO INC
$9.03B$671.78M$96.57M$76.48M$2.1433.64%26.81%N/A30.29%2024-06-14
SAIC
SCIENCE APPLICATIONS INTERNATIONAL CORP
$6.94B$7.44B$882.00M$477.00M$8.98-3.37%9.83%65.68%23.23%2024-06-05
TSRI
TSR INC
$16.71M$88.82M$2.78M$1.91M$0.89-13.50%6.73%32.84%N/A
SPNS
SAPIENS INTERNATIONAL CORP N V
$1.85B$524.11M$101.79M$65.61M$1.198.79%12.14%23.96%30.04%
VSH
VISHAY INTERTECHNOLOGY INC
$3.12B$3.28B$570.19M$242.96M$1.75-6.75%1.36%-43.00%-6.66%2024-05-21
SPSC
SPS COMMERCE INC
$7.13B$560.62M$121.39M$68.54M$1.8718.89%16.97%16.88%19.11%2024-05-16
FORM
FORMFACTOR INC
$4.25B$664.38M$155.72M$102.83M$1.33-7.50%4.09%358.62%-1.71%2024-05-17
HCKT
HACKETT GROUP INC
$600.05M$302.55M$53.07M$34.72M$1.284.58%1.42%0.79%10.13%
FTV
FORTIVE CORP
$27.05B$6.13B$1.64B$899.60M$2.563.71%9.46%19.63%-20.42%2024-05-15
BELFA
BEL FUSE INC
$895.39M$595.56M$100.98M$75.13M$5.62-13.67%1.41%19.07%25.57%
MLAB
MESA LABORATORIES INC
$627.65M$212.87M$38.93M$948.00k$0.17-4.27%15.50%N/A-42.57%2024-05-24
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
$759.34B$69.69B$49.14B$27.46B$5.30-4.61%15.85%-14.29%18.49%2024-06-03
SRAD
SPORTRADAR GROUP AG
$2.81B$953.94M$322.99M$37.67M$0.1325.53%N/A209.30%N/A2024-05-15
VSAT
VIASAT INC
$2.18B$3.80B$1.35B$228.20M$7.7952.19%14.27%N/AN/A2024-05-15
CHKP
CHECK POINT SOFTWARE TECHNOLOGIES LTD
$16.85B$2.45B$1.03B$840.10M$7.303.99%4.80%10.44%6.90%
PRFT
PERFICIENT INC
$2.58B$890.44M$143.94M$83.69M$2.46-2.62%11.74%-19.87%24.27%
SOL
EMEREN GROUP LTD
$107.51M$86.34MN/A-$2.95MN/A47.74%N/AN/AN/A2024-05-23
NOW
SERVICENOW INC
$149.67B$9.48B$1.81B$1.93B$9.4324.40%27.54%378.68%N/A
WDAY
WORKDAY INC
$65.23B$7.26B$734.00M$1.38B$5.2816.78%20.80%N/AN/A2024-05-23
CLMB
CLIMB GLOBAL SOLUTIONS INC
$250.53M$359.40M$18.24M$11.73M$2.5812.99%14.11%-12.24%28.37%2024-06-13
NICE
NICE LTD
$14.18B$2.38B$602.59M$338.30M$5.329.00%10.48%27.58%15.40%2024-05-16
SANM
SANMINA CORP
$3.60B$7.97B$476.71M$247.89M$4.35-10.71%-0.09%-17.14%21.54%
LSPD
LIGHTSPEED COMMERCE INC
$2.01B$863.28M-$133.66M-$205.89M-$1.3524.60%N/AN/AN/A2024-05-16
UI
UBIQUITI INC
$8.16B$1.91B$523.58M$349.83M$5.791.03%10.80%-11.74%5.50%
DT
DYNATRACE INC
$13.59B$1.36B$175.28M$196.98M$0.6724.39%N/A570.00%N/A2024-05-15
DCBO
DOCEBO INC
$1.10B$190.78M$4.15M$6.76M$0.2225.25%N/A-52.17%N/A2024-05-29
HKD
AMTD DIGITAL INC
$694.95M$27.73MN/A$62.46M$0.335.88%N/A68.91%N/A
MRAM
EVERSPIN TECHNOLOGIES INC
$132.79M$63.35M$9.34M$8.09M$0.404.74%7.28%66.67%N/A2024-05-23
CTLP
CANTALOUPE INC
$463.80M$260.11M$29.21M$12.04M$0.169.52%11.93%N/AN/A
CSPI
CSP INC
$131.48M$62.12M$5.64M$5.08M$0.560.80%-3.70%53.42%-22.28%
PAY
PAYMENTUS HOLDINGS INC
$2.30B$651.04M$69.17M$28.84M$0.2423.16%N/AN/AN/A
AAPL
APPLE INC
$2.86T$381.62B$131.50B$100.39B$6.46-0.90%8.10%9.31%16.62%
MPWR
MONOLITHIC POWER SYSTEMS INC
$34.22B$1.83B$519.73M$410.11M$8.56-2.12%25.18%-14.23%27.11%
WEX
WEX INC
$8.64B$2.59B$874.90M$264.40M$6.225.88%11.23%85.67%15.24%
ADBE
ADOBE INC
$216.43B$19.94B$7.22B$4.80B$10.5210.76%15.85%3.44%13.93%2024-06-13
GFS
GLOBALFOUNDRIES INC
$29.23B$7.10B$2.59B$899.00M$1.62-11.35%N/A-42.35%N/A
CRWD
CROWDSTRIKE HOLDINGS INC
$77.20B$3.06B$305.97M$89.33M$0.3736.33%65.00%N/AN/A2024-06-04
FLYW
FLYWIRE CORP
$2.14B$422.84M$11.02M-$11.10M-$0.0932.48%N/AN/AN/A2024-05-21
FLEX
FLEX LTD
$12.03B$29.39B$1.43B$753.00M$1.71-1.12%2.17%-5.00%46.90%
ALKT
ALKAMI TECHNOLOGY INC
$2.48B$280.96M-$41.04M-$57.38M-$0.6028.01%N/AN/AN/A2024-05-15
JKHY
JACK HENRY & ASSOCIATES INC
$12.23B$2.19B$707.10M$378.52M$5.208.12%7.33%8.33%7.57%
TDY
TELEDYNE TECHNOLOGIES INC
$18.53B$5.60B$1.34B$885.50M$18.761.47%13.68%16.38%14.51%
JNPR
JUNIPER NETWORKS INC
$11.21B$5.34B$395.40M$224.00M$0.71-2.96%3.18%-54.19%-15.21%2024-06-04
MNDO
MIND CTI LTD
$37.99M$21.89M$5.85M$5.16M$0.262.54%3.93%4.00%-2.16%
NVTS
NAVITAS SEMICONDUCTOR CORP
$711.64M$79.46M-$122.93M-$145.43M-$0.86109.41%N/AN/AN/A
CAMT
CAMTEK LTD
$4.19B$339.93MN/A$86.19M$1.917.50%21.21%5.52%26.48%
ENTG
ENTEGRIS INC
$19.42B$3.37B$949.59M$314.10M$2.10-5.13%16.46%6,900.00%6.40%
IONQ
IONQ INC
$1.85B$25.34M-$157.43M-$170.03M-$0.8488.21%N/AN/AN/A
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
$23.38B$6.40B$1.28B$699.00M$5.937.68%7.44%25.37%6.39%
PDFS
PDF SOLUTIONS INC
$1.29B$166.39M$12.12M$2.36M$0.066.79%15.32%100.00%N/A
WIT
WIPRO LTD
$29.39B$11.02B$2.38B$1.40B$0.265.57%7.42%1.98%8.07%2024-07-11
PCTY
PAYLOCITY HOLDING CORP
$9.42B$1.35B$332.67M$195.20M$3.4823.61%24.98%63.38%34.18%
SMRT
SMARTRENT INC
$484.39M$222.25M-$30.74M-$29.06M-$0.1413.66%N/AN/AN/A
PUBM
PUBMATIC INC
$1.14B$278.31M$67.90M$12.30M$0.238.19%N/A-32.35%N/A
ORCL
ORACLE CORP
$319.84B$52.51B$20.83B$10.64B$3.899.49%5.92%24.68%6.87%2024-06-10
DUOL
DUOLINGO INC
$7.80B$583.00M$53.73M$45.61M$1.0844.33%N/AN/AN/A
CDNS
CADENCE DESIGN SYSTEMS INC
$77.41B$4.08B$1.46B$1.05B$3.8810.75%13.16%22.40%22.10%
BMBL
BUMBLE INC
$2.04B$1.08B$131.33M$22.02M$0.1714.98%N/AN/AN/A
YIBO
PLANET IMAGE INTERNATIONAL LTD
$108.84M$150.22M$11.69M$7.77M$0.185.69%N/A5.88%N/A
DSGX
DESCARTES SYSTEMS GROUP INC
$8.29B$572.93M$218.49M$115.91M$1.3617.88%15.80%12.40%27.10%2024-05-29
SNPS
SYNOPSYS INC
$85.03B$6.13B$1.85B$1.41B$9.2418.52%14.09%49.51%18.53%2024-05-22
IZM
ICZOOM GROUP INC
$23.75M$214.41M$3.16M$1.75M$0.19-26.16%N/A-34.48%N/A
KLAC
KLA CORP
$96.15B$9.60B$3.73B$2.61B$19.21-9.68%16.99%-22.07%17.88%
ALNT
ALLIENT INC
$477.77M$579.80M$68.40M$24.68M$1.538.63%12.07%12.50%5.69%
BOX
BOX INC
$3.83B$1.04B$101.99M$99.15M$0.694.73%11.27%1,050.00%N/A2024-06-26
ANSS
ANSYS INC
$28.65B$2.23B$720.73M$434.57M$5.003.59%10.90%-21.51%-0.04%2024-06-07
NCNO
NCINO INC
$3.50B$476.54M$13.18M-$42.35M-$0.3816.71%39.09%N/AN/A2024-06-21
SONM
SONIM TECHNOLOGIES INC
$25.28M$93.63M$2.51M-$90.00k$0.0034.09%-7.15%N/AN/A
EGAN
EGAIN CORP
$182.24M$94.98M$11.91M$8.88M$0.29-1.97%7.55%N/A19.30%
CACI
CACI INTERNATIONAL INC
$9.48B$7.32B$810.32M$393.03M$17.4510.28%8.90%10.03%10.11%2024-05-15
SOTK
SONO TEK CORP
$77.94M$18.59M$2.28M$1.35M$0.0713.35%9.95%0.00%N/A2024-05-23
MTSI
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC
$7.40B$637.28M$148.85M$63.81M$0.90-8.95%2.32%-80.69%N/A
NOK
NOKIA CORP
$21.28B$24.19B$2.24B$722.83M$0.13-6.68%-0.95%-83.33%N/A
PAYC
PAYCOM SOFTWARE INC
$10.12B$1.74B$718.86M$468.68M$8.2118.23%23.25%54.03%27.05%
CGNX
COGNEX CORP
$8.04B$847.22M$151.74M$99.64M$0.58-8.39%0.90%-42.57%-14.24%
LAW
CS DISCO INC
$405.44M$140.53M-$25.54M-$32.37M-$0.534.99%N/AN/AN/A
OLO
OLO INC
$749.62M$242.56M-$32.66M-$46.94M-$0.2924.46%N/AN/AN/A2024-06-20
IPGP
IPG PHOTONICS CORP
$4.07B$1.19B$244.75M$182.84M$3.89-15.25%-3.37%87.92%-10.09%2024-05-22
WNS
WNS (HOLDINGS) LTD
$2.31B$1.32B$282.38M$140.15M$2.978.09%10.34%4.21%7.18%2024-06-06

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+0.27%+2.00%+9.38%-3.30%9.03x2.78x+40.72%+8.83%+16.10%+16.40%Buy
38-1.22%-0.76%-0.81%+139.24%34.55x13.35x-25.84%+10.57%+17.90%+18.78%Buy
18+2.16%-0.54%+4.70%-1.09%28.28x22.58x+143.13%+28.09%+54.29%+20.21%Buy
44-0.21%+2.59%+8.22%+19.37%21.07x3.76x+20.93%+9.65%+15.13%+6.72%Buy
10+0.01%+1.83%-1.00%+35.23%14.64x1.42x+11.26%+3.61%+11.73%-0.25%Hold
66+0.20%-0.85%+0.85%+16.88%27.08x4.53x+24.40%+8.07%+16.36%+16.50%Buy
33-0.78%-0.41%+5.25%+6.58%12.98x3.23x+9.09%+6.57%+9.48%+7.97%Buy
29-0.83%-0.13%+1.36%+47.39%37.17x11.70x+50.96%+18.23%+30.75%+10.81%Buy
69+0.60%+0.61%+5.00%+42.19%65.24x8.18x+52.24%+30.12%+33.88%+13.00%Buy
251+0.47%-0.08%+1.85%+27.52%9.12x6.45x+5.63%+4.44%+7.58%+18.99%Buy
137+0.49%-0.55%+1.12%+14.49%43.01x11.43x+25.93%+15.22%+24.57%+20.50%Buy
23+1.48%-4.96%+1.30%-51.56%24.08x2.55x+11.38%+7.34%+11.45%+34.12%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 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 12.09% over the past year, underperforming other tech stocks by -12 percentage points.

Rambus has an average 1 year price target of $81.67, an upside of 43.43% from Rambus's current stock price of $56.94.

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. Epam Systems (NYSE:EPAM)


Epam Systems (NYSE:EPAM) 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 21 out of 33 due diligence checks and has strong fundamentals. Epam Systems has seen its stock lose -19.43% over the past year, underperforming other tech stocks by -44 percentage points.

Epam Systems has an average 1 year price target of $287.31, an upside of 50.65% from Epam Systems's current stock price of $190.72.

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.

3. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the third best tech stock with a Zen Score of 64, which is 35 points higher than the tech sector average of 29. It passed 23 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 35.25% over the past year, overperforming other tech stocks by 11 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, an upside of 8.65% from Logitech International Sa's current stock price of $86.36.

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.

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. Sap Se (NYSE:SAP)


Sap Se (NYSE:SAP) has an annual dividend yield of N/A, which is N/A percentage points lower than the tech sector average of 4.62%. Sap Se's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Sap Se's dividend has shown consistent growth over the last 10 years.

Sap Se's dividend payout ratio of 49.1% indicates that its dividend yield is sustainable for the long-term.

2. 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 4.62%. 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.

3. Clearone (NASDAQ:CLRO)


Clearone (NASDAQ:CLRO) has an annual dividend yield of 167.6%, which is 163 percentage points higher than the tech sector average of 4.62%. 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 0.2% in the last day, and down -0.01% over the last week. Koss was the among the top gainers in the technology sector, gaining 36.65% yesterday.

Shares of 'meme stocks' and high-short interest stocks are trading higher after retail investor Roaring Kitty made a return to social media on Monday via a post on X.

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 79 points higher than the tech sector average of 21. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -12.52% in the past year. It has underperformed other stocks in the tech sector by -37 percentage points.

2. Cricut (NASDAQ:CRCT)


Cricut (NASDAQ:CRCT) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Cricut has a valuation score of 100, which is 79 points higher than the tech sector average of 21. It passed 7 out of 7 valuation due diligence checks.

Cricut's stock has dropped -13.51% in the past year. It has underperformed other stocks in the tech sector by -38 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 79 points higher than the tech sector average of 21. It passed 7 out of 7 valuation due diligence checks.

International Money Express's stock has dropped -11.35% in the past year. It has underperformed other stocks in the tech sector by -36 percentage points.

Are tech stocks a good buy now?

40.68% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 16.22% 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 40.29x.
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.