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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)
NXPI
NXP SEMICONDUCTORS NV
Netherlands
$66.92B255,683,78190.82%0.51%Net SellingNet Selling
DAKT
DAKTRONICS INC
United States
$521.02M46,189,31161.68%19.10%Net Selling
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
Israel
$15.92M5,748,01815.04%0.00%
PRFT
PERFICIENT INC
United States
$2.59B35,156,31987.56%12.44%Net BuyingNet Buying
CIEN
CIENA CORP
United States
$7.10B144,602,69291.92%3.33%Net SellingNet Selling
VRNT
VERINT SYSTEMS INC
United States
$1.93B62,376,54676.31%23.69%Net SellingNet Selling
NVDA
NVIDIA CORP
United States
$2.25T2,500,000,00065.24%4.38%Net SellingNet Selling
HKD
AMTD DIGITAL INC
Singapore
$693.03M76,578,1420.13%0.00%
JBL
JABIL INC
United States
$14.22B120,597,31664.87%35.13%Net SellingNet Selling
CINT
CI&T INC
Cayman Islands
$459.69M134,412,0146.90%0.00%
FN
FABRINET
Thailand
$8.05B36,145,24661.67%38.33%Net SellingNet Selling
INTU
INTUIT INC
United States
$177.03B279,979,00083.68%6.17%Net SellingNet Selling
TXN
TEXAS INSTRUMENTS INC
United States
$170.31B910,482,14684.97%0.59%Net SellingNet Buying
SIMO
SILICON MOTION TECHNOLOGY CORP
Taiwan
$2.55B133,675,94019.29%0.00%
ACN
ACCENTURE PLC
Ireland
$205.47B670,736,49670.33%0.89%Net SellingNet Selling
CPAY
CORPAY INC
United States
$19.92B70,268,50650.73%49.27%Net BuyingNet Buying
VZIO
VIZIO HOLDING CORP
United States
$2.06B198,306,88424.59%24.07%Net SellingNet Selling
JKHY
JACK HENRY & ASSOCIATES INC
United States
$12.34B72,900,02692.61%7.39%Net Selling
LSCC
LATTICE SEMICONDUCTOR CORP
United States
$9.57B137,546,39997.87%2.13%Net SellingNet Selling
CLS
CELESTICA INC
Canada
$5.77B118,952,17467.75%0.00%
QLYS
QUALYS INC
United States
$5.55B36,939,26270.72%29.28%Net SellingNet Selling
TIXT
TELUS INTERNATIONAL (CDA) INC
Canada
$1.75B274,000,00014.74%0.00%
SPSC
SPS COMMERCE INC
United States
$7.13B37,032,47593.47%6.53%Net SellingNet Selling
VSH
VISHAY INTERTECHNOLOGY INC
United States
$3.09B137,237,20693.62%1.65%Net SellingNet Selling
FORM
FORMFACTOR INC
United States
$4.36B77,170,04194.52%5.48%Net SellingNet Selling
SAIC
SCIENCE APPLICATIONS INTERNATIONAL CORP
United States
$6.98B51,648,39776.61%2.99%Net SellingNet Selling
ATEN
A10 NETWORKS INC
United States
$1.16B74,455,21950.56%49.44%Net SellingNet Selling
HCKT
HACKETT GROUP INC
United States
$604.47M27,613,91246.09%53.91%Net SellingNet Selling
APPF
APPFOLIO INC
United States
$8.96B36,213,29748.13%31.13%Net SellingNet Selling
FTV
FORTIVE CORP
United States
$27.06B352,028,66286.91%13.09%Net SellingNet Selling
BELFA
BEL FUSE INC
United States
$898.67M12,619,95763.75%7.54%Net SellingNet Selling
TSRI
TSR INC
United States
$16.73M2,169,5469.53%83.07%
CSGS
CSG SYSTEMS INTERNATIONAL INC
United States
$1.25B29,685,97592.53%7.47%Net SellingNet Selling
SURG
SURGEPAYS INC
United States
$73.88M19,290,7996.94%42.32%Net Buying
NOW
SERVICENOW INC
United States
$149.61B205,000,00069.11%30.89%Net SellingNet Selling
CAMT
CAMTEK LTD
Israel
$4.08B45,143,34739.28%0.00%
CHKP
CHECK POINT SOFTWARE TECHNOLOGIES LTD
Israel
$17.02B112,300,00069.62%0.00%
SOL
EMEREN GROUP LTD
China
$102.44M562,871,9304.72%67.28%Net Buying
NICE
NICE LTD
Israel
$14.16B62,870,66964.07%0.00%
ORCL
ORACLE CORP
United States
$320.67B2,748,514,00042.71%42.14%Net SellingNet Buying
MLAB
MESA LABORATORIES INC
United States
$625.93M5,394,05185.26%14.74%Net Selling
WDAY
WORKDAY INC
United States
$65.03B264,000,00069.52%3.79%Net SellingNet Selling
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
Taiwan
$774.12B25,932,070,9923.31%0.00%
EGAN
EGAIN CORP
United States
$172.70M29,826,70338.68%61.32%
VSAT
VIASAT INC
United States
$2.15B125,320,49949.43%50.57%Net Selling
SRAD
SPORTRADAR GROUP AG
Switzerland
$2.76B1,111,464,90015.00%0.00%
DT
DYNATRACE INC
United States
$13.68B295,999,24662.81%37.19%Net SellingNet Selling
DCBO
DOCEBO INC
Canada (Federal Level)
$1.09B30,305,15643.32%0.00%
SANM
SANMINA CORP
United States
$3.60B55,453,59890.23%9.77%Net BuyingNet Buying
CTLP
CANTALOUPE INC
United States
$490.74M72,809,71365.76%34.24%Net BuyingNet Buying
CSPI
CSP INC
United States
$132.56M9,753,90013.30%21.38%Net BuyingNet Buying
AAPL
APPLE INC
United States
$2.81T15,334,082,00060.85%0.11%Net SellingNet Selling
UI
UBIQUITI INC
United States
$7.69B60,461,4051.67%98.33%Net Selling
ADBE
ADOBE INC
United States
$216.07B448,000,00082.63%0.73%Net SellingNet Selling
WEX
WEX INC
United States
$8.66B41,900,53582.50%17.50%Net SellingNet Selling
GFS
GLOBALFOUNDRIES INC
United States
$28.38B555,476,000100.00%0.00%
MPWR
MONOLITHIC POWER SYSTEMS INC
United States
$34.19B48,672,00073.84%26.16%Net SellingNet Selling
PAY
PAYMENTUS HOLDINGS INC
United States
$2.33B124,172,12912.99%3.73%Net SellingNet Selling
CRWD
CROWDSTRIKE HOLDINGS INC
United States
$77.58B241,868,65867.40%2.40%Net SellingNet Selling
PAYC
PAYCOM SOFTWARE INC
United States
$10.08B58,110,01925.87%74.13%Net SellingNet Selling
LSPD
LIGHTSPEED COMMERCE INC
Canada (Federal Level)
$2.01B153,238,21957.41%0.00%
KLAC
KLA CORP
United States
$96.71B134,639,95186.87%5.80%Net SellingNet Selling
MRAM
EVERSPIN TECHNOLOGIES INC
United States
$129.77M21,521,15544.05%48.23%Net SellingNet Selling
MNDO
MIND CTI LTD
Israel
$38.19M20,205,0008.77%0.00%
PDFS
PDF SOLUTIONS INC
United States
$1.32B38,403,66573.38%19.19%Net SellingNet Selling
SMRT
SMARTRENT INC
United States
$484.39M201,828,02059.07%40.93%Net SellingNet Buying
PUBM
PUBMATIC INC
United States
$1.12B49,931,01143.89%3.34%Net SellingNet Selling
IONQ
IONQ INC
United States
$1.84B211,454,92738.64%61.36%Net SellingNet Buying
TDY
TELEDYNE TECHNOLOGIES INC
United States
$18.66B47,422,49091.36%5.21%Net BuyingNet Buying
JNPR
JUNIPER NETWORKS INC
United States
$11.26B324,987,89790.93%4.05%Net SellingNet Selling
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
United States
$23.13B118,180,47789.34%1.42%Net SellingNet Selling
NVTS
NAVITAS SEMICONDUCTOR CORP
Ireland
$734.94M179,253,18236.42%63.58%Net BuyingNet Selling
WIT
WIPRO LTD
India
$29.17B5,482,733,3292.24%0.00%
FLYW
FLYWIRE CORP
United States
$2.18B124,200,99473.01%26.99%Net SellingNet Buying
PCTY
PAYLOCITY HOLDING CORP
United States
$9.23B56,431,25374.84%25.16%Net SellingNet Selling
FLEX
FLEX LTD
Singapore
$12.07B421,163,21775.37%24.63%Net SellingNet Selling
ENTG
ENTEGRIS INC
United States
$19.84B150,791,47780.61%19.39%Net SellingNet Selling
PLUS
EPLUS INC
United States
$2.15B26,954,90662.70%37.30%Net SellingNet Selling
ALKT
ALKAMI TECHNOLOGY INC
United States
$2.54B97,515,48336.39%63.61%Net SellingNet Selling
BOX
BOX INC
United States
$3.80B144,353,06086.15%5.87%Net SellingNet Buying
DUOL
DUOLINGO INC
United States
$8.11B43,122,11874.12%24.92%Net SellingNet Selling
SNPS
SYNOPSYS INC
United States
$84.92B152,543,69085.36%0.82%Net SellingNet Selling
CDNS
CADENCE DESIGN SYSTEMS INC
United States
$78.23B272,134,00084.91%6.18%Net SellingNet Selling
BMBL
BUMBLE INC
United States
$2.03B177,538,60171.47%0.97%Net SellingNet Selling
VMEO
VIMEO INC
United States
$646.60M169,266,13984.25%10.57%Net SellingNet Selling
ALNT
ALLIENT INC
United States
$496.56M16,775,65760.88%28.71%Net BuyingNet Buying
YIBO
PLANET IMAGE INTERNATIONAL LTD
China
$108.84M53,881,6000.00%0.00%
DSGX
DESCARTES SYSTEMS GROUP INC
Canada
$8.28B85,068,00077.75%0.00%
IZM
ICZOOM GROUP INC
Hong Kong
$22.51M10,326,3740.03%0.00%
CGNX
COGNEX CORP
United States
$7.97B171,662,05688.11%3.64%Net BuyingNet Selling
NCNO
NCINO INC
United States
$3.55B114,216,57567.36%32.64%Net SellingNet Selling
ANSS
ANSYS INC
United States
$28.66B87,299,98191.84%3.01%Net SellingNet Selling
MTC
MMTEC INC
China
$736.84M199,145,0410.11%0.00%
MTSI
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC
United States
$7.35B72,106,57732.71%67.29%Net SellingNet Selling
NOK
NOKIA CORP
Finland
$20.88B5,613,496,5655.30%0.00%
SOTK
SONO TEK CORP
United States
$76.99M15,745,2066.80%24.38%Net SellingNet Selling
OLO
OLO INC
United States
$741.59M160,517,36977.46%3.96%Net SellingNet Selling
CACI
CACI INTERNATIONAL INC
United States
$9.55B22,296,41086.83%13.17%Net SellingNet Selling
LAW
CS DISCO INC
United States
$407.84M59,976,00444.72%55.28%Net BuyingNet Buying
SONM
SONIM TECHNOLOGIES INC
United States
$25.06M43,206,0832.02%97.98%Net Buying

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%+7.63%+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. 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 4.57%. 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.

3. 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.

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. Cricut (NASDAQ:CRCT)


Cricut (NASDAQ:CRCT) is the 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.

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 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.

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.