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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
ZI
ZOOMINFO TECHNOLOGIES INC
$4.77BN/A0.00%N/AN/AN/AN/A
MCHP
MICROCHIP TECHNOLOGY INC
$49.45B1.84%36.60%$0.4500$1.6838%12024-05-212024-06-05
DAKT
DAKTRONICS INC
$521.02MN/A0.00%$0.0500N/AN/A2
NVDA
NVIDIA CORP
$2.25T0.02%1.30%$0.0400$0.160%1
PRFT
PERFICIENT INC
$2.59BN/A0.00%N/AN/AN/AN/A
CIEN
CIENA CORP
$7.10BN/A0.00%N/AN/AN/AN/A
JBL
JABIL INC
$14.22B0.27%2.70%$0.0800$0.323%02024-05-142024-06-04
CINT
CI&T INC
$459.69MN/A0.00%N/AN/AN/AN/A
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
$15.92MN/A0.00%N/AN/AN/AN/A
VRNT
VERINT SYSTEMS INC
$1.93BN/A0.00%N/AN/AN/AN/A
HKD
AMTD DIGITAL INC
$693.03MN/A0.00%N/AN/AN/AN/A
ACN
ACCENTURE PLC
$205.47B1.63%43.20%$1.2900$4.9934%12024-05-15
SIMO
SILICON MOTION TECHNOLOGY CORP
$2.55B1.97%62.50%$0.5000$1.5040%02024-08-072024-05-23
FN
FABRINET
$8.05BN/A0.00%N/AN/AN/AN/A
VZIO
VIZIO HOLDING CORP
$2.06BN/A0.00%N/AN/AN/AN/A
INTU
INTUIT INC
$177.03B0.55%34.00%$0.9000$3.489%0
TIXT
TELUS INTERNATIONAL (CDA) INC
$1.75BN/A0.00%N/AN/AN/AN/A
TXN
TEXAS INSTRUMENTS INC
$170.31B2.75%78.50%$1.3000$5.1452%02024-05-21
LSCC
LATTICE SEMICONDUCTOR CORP
$9.57BN/A0.00%N/AN/AN/AN/A
CPAY
CORPAY INC
$19.92BN/A0.00%N/AN/AN/AN/A
CLS
CELESTICA INC
$5.77BN/A0.00%N/AN/AN/AN/A
QLYS
QUALYS INC
$5.55BN/A0.00%N/AN/AN/AN/A
APPF
APPFOLIO INC
$8.96BN/A0.00%N/AN/AN/AN/A
FORM
FORMFACTOR INC
$4.36BN/A0.00%N/AN/AN/AN/A
SAIC
SCIENCE APPLICATIONS INTERNATIONAL CORP
$6.98B1.10%16.50%$0.3700$1.4821%0
HCKT
HACKETT GROUP INC
$604.47M2.01%34.40%$0.1100$0.4441%22024-06-212024-07-05
FTV
FORTIVE CORP
$27.06B0.39%11.70%$0.0800$0.306%02024-05-312024-06-28
BELFA
BEL FUSE INC
$898.67M0.34%4.30%$0.0600$0.245%12024-07-152024-08-01
SPSC
SPS COMMERCE INC
$7.13BN/A0.00%N/AN/AN/AN/A
VSH
VISHAY INTERTECHNOLOGY INC
$3.09B1.78%22.90%$0.1000$0.4037%0
TSRI
TSR INC
$16.73MN/A0.00%N/AN/AN/AN/A
CSGS
CSG SYSTEMS INTERNATIONAL INC
$1.25B2.71%51.60%$0.3000$1.1451%0
NOW
SERVICENOW INC
$149.61BN/A0.00%N/AN/AN/AN/A
ORCL
ORACLE CORP
$320.67B1.37%41.10%$0.4000$1.6028%0
WDAY
WORKDAY INC
$65.03BN/A0.00%N/AN/AN/AN/A
SURG
SURGEPAYS INC
$73.88MN/A0.00%N/AN/AN/AN/A
NICE
NICE LTD
$14.16BN/A0.00%$0.1600N/AN/A0
SOL
EMEREN GROUP LTD
$102.44MN/AN/AN/AN/AN/AN/A
CHKP
CHECK POINT SOFTWARE TECHNOLOGIES LTD
$17.02BN/A0.00%N/AN/AN/AN/A
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
$774.12B1.31%36.80%$0.5536$1.9526%12024-06-132024-07-11
CAMT
CAMTEK LTD
$4.08B1.47%69.60%$1.3300$1.3330%0
SRAD
SPORTRADAR GROUP AG
$2.76BN/A0.00%N/AN/AN/AN/A
MLAB
MESA LABORATORIES INC
$625.93M0.55%376.50%$0.1600$0.649%02024-05-312024-06-14
EGAN
EGAIN CORP
$172.70MN/A0.00%N/AN/AN/AN/A
VSAT
VIASAT INC
$2.15BN/A0.00%N/AN/AN/AN/A
DCBO
DOCEBO INC
$1.09BN/A0.00%N/AN/AN/AN/A
SANM
SANMINA CORP
$3.60BN/A0.00%N/AN/AN/AN/A
MRAM
EVERSPIN TECHNOLOGIES INC
$129.77MN/A0.00%N/AN/AN/AN/A
CTLP
CANTALOUPE INC
$490.74MN/A0.00%N/AN/AN/AN/A
CSPI
CSP INC
$132.56M0.63%15.20%$0.0250$0.0911%12024-05-232024-06-12
MPWR
MONOLITHIC POWER SYSTEMS INC
$34.19B0.60%49.60%$1.2500$4.2510%0
ADBE
ADOBE INC
$216.07BN/A0.00%N/AN/AN/AN/A
LSPD
LIGHTSPEED COMMERCE INC
$2.01BN/A0.00%N/AN/AN/AN/A
AAPL
APPLE INC
$2.81T0.66%14.90%$0.2500$1.2111%12024-05-16
PAY
PAYMENTUS HOLDINGS INC
$2.33BN/A0.00%N/AN/AN/AN/A
UI
UBIQUITI INC
$7.69B1.89%41.50%$0.6000$2.4039%0
CRWD
CROWDSTRIKE HOLDINGS INC
$77.58BN/A0.00%N/AN/AN/AN/A
GFS
GLOBALFOUNDRIES INC
$28.38BN/A0.00%N/AN/AN/AN/A
KLAC
KLA CORP
$96.71B0.77%28.60%$1.4500$5.5014%02024-05-142024-05-31
WEX
WEX INC
$8.66BN/A0.00%N/AN/AN/AN/A
PAYC
PAYCOM SOFTWARE INC
$10.08B0.87%18.30%$0.3750$1.5016%02024-05-282024-06-10
DT
DYNATRACE INC
$13.68BN/A0.00%N/AN/AN/AN/A
JKHY
JACK HENRY & ASSOCIATES INC
$12.34B1.25%40.60%$0.5500$2.1125%02024-05-242024-06-17
MNDO
MIND CTI LTD
$38.19M12.70%92.30%$0.2400$0.2496%1
TDY
TELEDYNE TECHNOLOGIES INC
$18.66BN/A0.00%N/AN/AN/AN/A
IONQ
IONQ INC
$1.84BN/A0.00%N/AN/AN/AN/A
ENTG
ENTEGRIS INC
$19.84B0.30%19.00%$0.1000$0.404%02024-05-22
NVTS
NAVITAS SEMICONDUCTOR CORP
$734.94MN/A0.00%N/AN/AN/AN/A
PCTY
PAYLOCITY HOLDING CORP
$9.23BN/A0.00%N/AN/AN/AN/A
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
$23.13B1.60%52.70%$0.8000$3.1333%0
PDFS
PDF SOLUTIONS INC
$1.32BN/A0.00%N/AN/AN/AN/A
JNPR
JUNIPER NETWORKS INC
$11.26B2.54%123.90%$0.2200$0.8849%02024-06-032024-06-24
FLYW
FLYWIRE CORP
$2.18BN/A0.00%N/AN/AN/AN/A
SMRT
SMARTRENT INC
$484.39MN/A0.00%N/AN/AN/AN/A
FLEX
FLEX LTD
$12.07BN/A0.00%N/AN/AN/AN/A
PLUS
EPLUS INC
$2.15BN/A0.00%N/AN/AN/AN/A
PUBM
PUBMATIC INC
$1.12BN/A0.00%N/AN/AN/AN/A
WIT
WIPRO LTD
$29.17B0.23%4.70%$0.0120$0.012%3
ALKT
ALKAMI TECHNOLOGY INC
$2.54BN/A0.00%N/AN/AN/AN/A
BMBL
BUMBLE INC
$2.03BN/A0.00%N/AN/AN/AN/A
VMEO
VIMEO INC
$646.60MN/A0.00%N/AN/AN/AN/A
IZM
ICZOOM GROUP INC
$22.51MN/A0.00%N/AN/AN/AN/A
CDNS
CADENCE DESIGN SYSTEMS INC
$78.23BN/A0.00%N/AN/AN/AN/A
YIBO
PLANET IMAGE INTERNATIONAL LTD
$108.84MN/A0.00%N/AN/AN/AN/A
DSGX
DESCARTES SYSTEMS GROUP INC
$8.28BN/A0.00%N/AN/AN/AN/A
BOX
BOX INC
$3.80BN/A0.00%N/AN/AN/AN/A
ALNT
ALLIENT INC
$496.56M0.41%7.80%$0.0300$0.126%02024-05-222024-06-06
SNPS
SYNOPSYS INC
$84.92BN/A0.00%N/AN/AN/AN/A
DUOL
DUOLINGO INC
$8.11BN/A0.00%N/AN/AN/AN/A
NCNO
NCINO INC
$3.55BN/A0.00%N/AN/AN/AN/A
WNS
WNS (HOLDINGS) LTD
$2.27BN/A0.00%N/AN/AN/AN/A
ANSS
ANSYS INC
$28.66BN/A0.00%N/AN/AN/AN/A
SOTK
SONO TEK CORP
$76.99MN/A0.00%N/AN/AN/AN/A
CACI
CACI INTERNATIONAL INC
$9.55BN/A0.00%N/AN/AN/AN/A
NOK
NOKIA CORP
$20.88B3.78%100.40%$0.0427$0.1467%4
MTSI
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC
$7.35BN/A0.00%N/AN/AN/AN/A
OLO
OLO INC
$741.59MN/A0.00%N/AN/AN/AN/A
LAW
CS DISCO INC
$407.84MN/A0.00%N/AN/AN/AN/A
SONM
SONIM TECHNOLOGIES INC
$25.06MN/AN/AN/AN/AN/AN/A
CGNX
COGNEX CORP
$7.97B0.62%50.00%$0.0750$0.2911%12024-05-152024-05-30

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+0.94%+2.38%+4.97%-3.62%8.89x2.76x+42.43%+8.81%+16.09%+15.76%Buy
38+0.99%+4.57%-3.72%+144.22%34.85x13.47x-25.70%+10.59%+17.93%+17.31%Buy
18-1.26%-2.40%+2.40%-5.14%27.80x22.19x+143.10%+28.08%+54.28%+22.95%Buy
44+0.26%+4.42%+6.64%+20.40%20.88x3.76x+20.88%+9.60%+15.07%+6.49%Buy
10+0.45%+3.72%-1.09%+36.02%14.67x1.41x+11.28%+3.61%+11.73%-0.27%Hold
66+0.35%+1.11%-2.11%+18.35%27.25x4.52x+24.38%+8.06%+16.35%+16.92%Buy
33-0.58%+1.46%+4.10%+7.02%13.06x3.25x+8.78%+6.48%+9.41%+6.97%Buy
29+1.18%+2.77%+0.30%+53.29%37.65x11.84x+50.98%+18.24%+30.78%+9.03%Buy
69+0.54%+2.47%+1.80%+44.45%64.08x8.15x+52.21%+30.11%+33.88%+13.45%Strong Buy
252-0.35%+1.24%-3.57%+26.47%34.74x6.45x+5.51%+4.43%+7.62%+19.58%Buy
138-0.18%+0.61%-3.03%+15.17%43.43x11.42x+26.59%+15.24%+24.60%+21.16%Buy
23-3.17%-5.79%-8.40%-48.94%23.90x2.51x+11.55%+7.43%+11.54%+36.55%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 15.1% over the past year, underperforming other tech stocks by -10 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 49.91% from Rambus's current stock price of $56.70.

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.

2. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the second best tech stock with a Zen Score of 67, which is 38 points higher than the tech sector average of 29. It passed 24 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 32.64% over the past year, overperforming other tech stocks by 7 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, an upside of 10.7% from Logitech International Sa's current stock price of $84.76.

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.

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 -21.02% over the past year, underperforming other tech stocks by -47 percentage points.

Epam Systems has an average 1 year price target of $291.38, an upside of 58.87% from Epam Systems's current stock price of $183.40.

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 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 4.57%. 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 165.2%, which is 161 percentage points higher than the tech sector average of 4.57%. 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 143.59%, which is 139 percentage points higher than the tech sector average of 4.57%.

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 up?

Tech stocks were up 0.1% in the last day, and up 1.69% over the last week. Inseego was the among the top gainers in the technology sector, gaining 30.99% yesterday.

Inseego shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates.

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 -9.86% in the past year. It has underperformed other stocks in the tech sector by -35 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 -21.93% in the past year. It has underperformed other stocks in the tech sector by -47 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 -14.95% in the past year. It has underperformed other stocks in the tech sector by -40 percentage points.

Are tech stocks a good buy now?

41.07% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 16.34% 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 43.12x.
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.