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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
PAYC
PAYCOM SOFTWARE INC
NYSE
Software - Application
$11.35B$197.223.47%$588.27M33.37x2.22
NVTS
NAVITAS SEMICONDUCTOR CORP
NASDAQ
Semiconductors
$820.98M$4.586.76%-$122.93M-5.33x0.28
MTLS
MATERIALISE NV
NASDAQ
Software - Application
$303.01M$5.132.19%$35.48M39.77x0.68
OSIS
OSI SYSTEMS INC
NASDAQ
Electronic Components
$2.41B$141.441.14%$205.59M20.99x1.24
VZIO
VIZIO HOLDING CORP
NYSE
Consumer Electronics
$2.19B$11.060.73%$45.50M79.00x1.14
CINT
CI&T INC
NYSE
Software - Infrastructure
$582.29M$4.27-0.70%$91.89M21.79xN/A
GLW
CORNING INC
NYSE
Electronic Components
$28.18B$33.022.20%$2.45B47.86x1.44
ALNT
ALLIENT INC
NASDAQ
Electronic Components
$593.88M$35.795.42%$67.15M23.70x1.38
EVTC
EVERTEC INC
NYSE
Software - Infrastructure
$2.59B$39.623.23%$217.39M32.21x2.40
FLEX
FLEX LTD
NASDAQ
Electronic Components
$12.06B$28.630.35%$1.43B16.74x2.33
SONM
SONIM TECHNOLOGIES INC
NASDAQ
Communication Equipment
$29.16M$0.680.45%$2.51MN/A1.51
YOU
CLEAR SECURE INC
NYSE
Software - Application
$3.19B$21.15-1.26%$27.94M68.23x2.90
TRAK
REPOSITRAK INC
NYSE
Software - Application
$291.90M$16.03-1.35%$7.60M55.28x0.10
LSPD
LIGHTSPEED COMMERCE INC
NYSE
Software - Application
$2.14B$13.981.01%-$133.66M-10.36x0.07
CTLP
CANTALOUPE INC
NASDAQ
Information Technology Services
$470.27M$6.462.54%$30.42M34.00x0.73
IT
GARTNER INC
NYSE
Information Technology Services
$37.49B$480.841.13%$1.54B43.05x10.51
ONTO
ONTO INNOVATION INC
NYSE
Semiconductor Equipment & Materials
$8.87B$180.490.01%$199.79M73.07x0.10
ENTG
ENTEGRIS INC
NASDAQ
Semiconductor Equipment & Materials
$21.20B$140.990.49%$871.79M116.52x1.59
FROG
JFROG LTD
NASDAQ
Software - Application
$4.67B$43.92-0.68%-$30.76M-74.44x0.43
PAY
PAYMENTUS HOLDINGS INC
NYSE
Software - Infrastructure
$2.79B$22.48-2.60%$57.51M124.89x0.18
NOK
NOKIA CORP
NYSE
Communication Equipment
$20.21B$3.601.69%$2.24B27.69x0.94
ZBRA
ZEBRA TECHNOLOGIES CORP
NASDAQ
Communication Equipment
$15.37B$299.162.67%$643.00M52.03x1.41
NCNO
NCINO INC
NASDAQ
Software - Application
$4.10B$35.9018.95%$13.18M-94.47x0.27
ALRM
ALARMCOM HOLDINGS INC
NASDAQ
Software - Application
$3.64B$72.94-0.44%$144.87M44.75x1.04
MLAB
MESA LABORATORIES INC
NASDAQ
Scientific & Technical Instruments
$578.51M$107.254.80%$38.93M630.88x0.84
VRSN
VERISIGN INC
NASDAQ
Software - Infrastructure
$18.91B$189.101.07%$1.10B23.91x-2.11
MSN
EMERSON RADIO CORP
NYSEMKT
Consumer Electronics
$11.15M$0.53-1.67%$2.02M5.89x0.12
TTEC
TTEC HOLDINGS INC
NASDAQ
Information Technology Services
$493.25M$10.409.36%$210.48M57.78x2.62
DIOD
DIODES INC
NASDAQ
Semiconductors
$3.23B$70.384.19%$417.50M14.19x0.32
IONQ
IONQ INC
NYSE
Computer Hardware
$1.99B$9.554.83%-$147.35M-12.24x0.14
ARBE
ARBE ROBOTICS LTD
NASDAQ
Software - Infrastructure
$171.24M$2.200.69%-$42.94M-3.67x0.20
HCP
HASHICORP INC
NASDAQ
Software - Infrastructure
$5.39B$27.00-0.07%-$177.07M-27.55x0.40
SNX
TD SYNNEX CORP
NYSE
Electronics & Computer Distribution
$10.33B$116.003.32%$1.50B17.26x2.59
ESE
ESCO TECHNOLOGIES INC
NYSE
Scientific & Technical Instruments
$2.73B$105.942.52%$180.89M29.35x0.54
HEAR
TURTLE BEACH CORP
NASDAQ
Consumer Electronics
$303.52M$17.240.29%-$12.00M-16.74x0.76
VHC
VIRNETX HOLDING CORP
NYSE
Software - Infrastructure
$23.31M$6.330.32%-$27.94M-0.81x0.08
CTS
CTS CORP
NYSE
Electronic Components
$1.44B$46.913.24%$107.19M24.31x0.41
SQ
BLOCK INC
NYSE
Software - Infrastructure
$51.21B$83.18-0.74%$507.29M4,159.00x0.82
TOST
TOAST INC
NYSE
Software - Infrastructure
$13.33B$24.33-0.61%-$249.00M-52.89x0.64
CPTN
CEPTON INC
NASDAQ
Scientific & Technical Instruments
$44.21M$2.791.82%-$55.23M-0.77x-0.51
RAMP
LIVERAMP HOLDINGS INC
NYSE
Software - Infrastructure
$2.23B$33.660.48%$18.64M-153.00x0.29
MNDY
MONDAYCOM LTD
NASDAQ
Software - Application
$11.10B$226.85-0.95%-$29.56M-5,671.25x0.57
DUOL
DUOLINGO INC
NASDAQ
Software - Application
$9.54B$222.55-0.40%$24.87M570.64x0.46
PSTG
PURE STORAGE INC
NYSE
Computer Hardware
$16.60B$52.550.73%$220.80M238.86x1.92
WETH
WETOUCH TECHNOLOGY INC
NASDAQ
Computer Hardware
N/A$2.26-33.14%$14.61M2.07x0.07
TROO
TROOPS INC
NASDAQ
Software - Application
$141.22M$1.390.72%$1.63M-139.00x0.12
CNXC
CONCENTRIX CORP
NASDAQ
Information Technology Services
$4.32B$65.204.77%$997.53M11.40x2.02
IDN
INTELLICHECK INC
NASDAQ
Software - Application
$68.32M$3.531.29%-$2.86M-20.76x0.31
ELSE
ELECTRO SENSORS INC
NASDAQ
Scientific & Technical Instruments
$14.64M$4.273.07%$473.00k53.38x0.05
BDC
BELDEN INC
NYSE
Communication Equipment
$3.83B$93.211.75%$419.03M16.21x1.78
VLN
VALENS SEMICONDUCTOR LTD
NYSE
Semiconductors
$241.97M$2.353.52%-$21.68M-12.37x0.10
CCRD
CORECARD CORP
NYSE
Software - Application
$91.42M$11.026.78%$10.75M27.55x0.21
S
SENTINELONE INC
NYSE
Software - Infrastructure
$7.03B$22.682.07%-$288.69M-19.72x0.46
NABL
N-ABLE INC
NYSE
Information Technology Services
$2.41B$13.020.62%$96.20M100.15x0.64
NXPL
NEXTPLAT CORP
NASDAQ
Software - Application
$28.93M$1.55-1.59%-$1.22M-7.36x0.50
ALAR
ALARUM TECHNOLOGIES LTD
NASDAQ
Software - Infrastructure
$125.15M$20.97-0.80%-$5.45M-14.98x0.52
PAYO
PAYONEER GLOBAL INC
NASDAQ
Software - Infrastructure
$1.80B$4.893.60%$131.42M18.81x9.96
WFCF
WHERE FOOD COMES FROM INC
NASDAQ
Software - Application
$62.28M$11.356.37%$3.70M29.10x0.51
CSPI
CSP INC
NASDAQ
Information Technology Services
$182.33M$18.77-1.83%$4.45M43.15x0.45
PRGS
PROGRESS SOFTWARE CORP
NASDAQ
Software - Application
$2.31B$52.63-0.04%$126.18M32.49x2.49
WBX
WALLBOX NV
NYSE
Electronic Components
$297.93M$1.42-2.07%-$85.32M-2.18x2.23
FRGE
FORGE GLOBAL HOLDINGS INC
NYSE
Software - Application
$373.36M$2.08-21.51%-$85.72M-4.00x0.16
AGMH
AGM GROUP HOLDINGS INC
NASDAQ
Computer Hardware
$42.43M$1.61-15.71%$18.08M3.58x2.15
DPSI
DECISIONPOINT SYSTEMS INC
NYSEMKT
Software - Application
$65.60M$8.573.13%$7.52M19.93x2.66
SEDG
SOLAREDGE TECHNOLOGIES INC
NASDAQ
Solar
$3.98B$69.699.87%$96.73M114.25x0.90
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
NASDAQ
Communication Equipment
$15.81M$2.75-0.36%N/A7.64x0.72
SYT
SYLA TECHNOLOGIES CO LTD
NASDAQ
Software - Application
$88.71M$3.42-2.29%N/A22.95x3.07
MITK
MITEK SYSTEMS INC
NASDAQ
Software - Application
$651.33M$13.925.22%$38.12M77.33x0.98
AMKR
AMKOR TECHNOLOGY INC
NASDAQ
Semiconductor Equipment & Materials
$8.05B$32.733.71%$1.13B22.42x0.70
SEZL
SEZZLE INC
NASDAQ
Software - Application
$521.07M$92.506.32%$24.53M72.83x8.62
NN
NEXTNAV INC
NASDAQ
Software - Infrastructure
$768.32M$6.91-0.29%-$63.03M-10.47x1.06
RUM
RUMBLE INC
NASDAQ
Software - Application
$3.28B$8.50-1.28%-$114.07M-14.66x0.18
BKKT
BAKKT HOLDINGS INC
NYSE
Software - Infrastructure
$153.44M$0.485.76%-$57.42M-0.57x17.22
LAW
CS DISCO INC
NYSE
Software - Application
$475.06M$7.783.46%-$35.70M-11.11x0.16
NVEI
NUVEI CORP
NASDAQ
Software - Infrastructure
$4.37B$31.311.49%$265.57M-521.83x0.79
CALX
CALIX INC
NYSE
Software - Application
$2.19B$33.502.63%$41.68M76.14x0.31
DTST
DATA STORAGE CORP
NASDAQ
Information Technology Services
$52.41M$7.644.09%-$1.82M-19.59x0.20
PET
WAG! GROUP CO
NASDAQ
Software - Application
$77.54M$1.920.52%-$3.80M-5.49x27.37
VPG
VISHAY PRECISION GROUP INC
NYSE
Scientific & Technical Instruments
$465.98M$34.822.96%$57.66M18.42x0.43
HOOD
ROBINHOOD MARKETS INC
NASDAQ
Software - Infrastructure
$17.50B$20.013.79%-$462.00M-32.80x3.83
ALAB
ASTERA LABS INC
NASDAQ
Semiconductors
N/A$79.92-4.15%-$19.94M-112.56x-0.40
BEEM
BEAM GLOBAL
NASDAQ
Solar
$98.48M$6.923.59%-$17.40M-3.98x0.25
POWI
POWER INTEGRATIONS INC
NASDAQ
Semiconductors
$4.02B$70.612.47%$83.28M72.79x0.09
ARBB
ARB IOT GROUP LTD
NASDAQ
Information Technology Services
$36.75M$1.393.73%$36.18M1.19x0.24
VMEO
VIMEO INC
NASDAQ
Software - Application
$704.10M$4.197.71%$35.19M32.23x0.63
NSIT
INSIGHT ENTERPRISES INC
NASDAQ
Electronics & Computer Distribution
$6.07B$186.151.92%$481.45M21.82x2.62
TLS
TELOS CORP
NASDAQ
Software - Infrastructure
$291.12M$4.142.99%-$24.17M-8.28x0.31
PGY
PAGAYA TECHNOLOGIES LTD
NASDAQ
Software - Infrastructure
$646.80M$10.27-2.56%-$93.74M-4.80x0.84
UTSI
UTSTARCOM HOLDINGS CORP
NASDAQ
Communication Equipment
$23.61M$2.590.00%-$1.22M-5.89x0.52
TRT
TRIO-TECH INTERNATIONAL
NYSEMKT
Semiconductor Equipment & Materials
$26.39M$6.33-0.63%$7.01M28.77x0.48
FKWL
FRANKLIN WIRELESS CORP
NASDAQ
Communication Equipment
$33.35M$2.833.28%-$2.23M-14.89x0.34
PERF
PERFECT CORP
NYSE
Software - Application
$286.20M$2.42-2.42%N/A48.40x0.22
MKTW
MARKETWISE INC
NASDAQ
Software - Application
$576.67M$1.751.16%$7.74M29.17x-61.86
CVLT
COMMVAULT SYSTEMS INC
NASDAQ
Software - Application
$4.38B$100.260.90%$29.80M10,026.00x3.61
BASE
COUCHBASE INC
NASDAQ
Software - Infrastructure
$1.29B$26.120.54%-$73.29M-15.36x0.90
STM
STMICROELECTRONICS NV
NYSE
Semiconductors
$39.69B$43.972.21%$6.14B9.44x0.45
ENFN
ENFUSION INC
NYSE
Software - Application
$1.18B$9.231.43%$23.48M131.86x0.59
NNDM
NANO DIMENSION LTD
NASDAQ
Computer Hardware
$658.31M$2.801.82%-$46.29M-12.73x0.05
SITM
SITIME CORP
NASDAQ
Semiconductors
$2.07B$91.091.43%-$64.26M-25.09x0.34
SEMR
SEMRUSH HOLDINGS INC
NYSE
Software - Application
$1.89B$13.061.01%$15.38M1,306.00x0.49

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
66+1.87%+2.50%+5.19%-17.22%18.47x2.78x+68.23%+9.28%+17.91%+14.02%Buy
38-0.80%+7.01%+13.84%+174.11%41.76x14.29x-22.45%+10.03%+18.24%-0.23%Strong Buy
18+1.17%-2.28%-0.32%+3.37%24.77x21.22x+149.49%+28.19%+53.00%+21.01%Buy
44+2.19%+2.17%+0.66%+11.97%27.56x3.59x+19.52%+9.15%+13.51%+8.68%Buy
10+2.22%+4.49%+6.81%+26.81%13.84x1.36x+12.34%+3.97%+12.71%+1.96%Hold
65+1.58%-1.52%-2.60%+19.42%25.31x4.85x+25.75%+8.03%+16.40%+6.72%Buy
33+1.99%+1.82%+3.28%+10.63%-6.68x3.32x+8.80%+5.96%+8.82%+3.78%Buy
29+0.73%+1.10%+3.62%+53.59%39.25x12.13x+56.35%+19.32%+32.64%+1.77%Buy
69+0.53%+2.15%+3.45%+38.63%66.49x8.23x+51.82%+29.82%+33.63%+9.67%Strong Buy
248+0.28%+3.09%+7.93%+39.06%102.09x6.94x+7.42%+4.59%+7.47%+3.92%Buy
139-0.14%-1.02%-2.57%+22.54%88.30x12.28x-37.13%+15.18%+24.32%+13.07%Buy
23+8.41%+6.25%+2.12%-49.87%27.79x2.71x+15.01%+8.45%+12.86%+31.82%Buy

Tech Stocks FAQ

What are the best tech stocks to buy right now in Mar 2024?

According to Zen Score, the 3 best technology stocks to buy right now are:

1. First Solar (NASDAQ:FSLR)


First Solar (NASDAQ:FSLR) is the top tech stock with a Zen Score of 70, which is 40 points higher than the tech sector average of 30. It passed 23 out of 33 due diligence checks and has strong fundamentals. First Solar has seen its stock lose -20.32% over the past year, underperforming other tech stocks by -49 percentage points.

First Solar has an average 1 year price target of $222.86, an upside of 33.09% from First Solar's current stock price of $167.45.

First Solar stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 14 analysts covering First Solar, 57.14% have issued a Strong Buy rating, 28.57% have issued a Buy, 14.29% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Aehr Test Systems (NASDAQ:AEHR)


Aehr Test Systems (NASDAQ:AEHR) is the second best tech stock with a Zen Score of 65, which is 35 points higher than the tech sector average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Aehr Test Systems has seen its stock lose -67.02% over the past year, underperforming other tech stocks by -96 percentage points.

Aehr Test Systems has an average 1 year price target of $12.00, a downside of -3.69% from Aehr Test Systems's current stock price of $12.46.

Aehr Test Systems stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Aehr Test Systems, 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. Exlservice Holdings (NASDAQ:EXLS)


Exlservice Holdings (NASDAQ:EXLS) is the third best tech stock with a Zen Score of 64, which is 34 points higher than the tech sector average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Exlservice Holdings has seen its stock return 0.57% over the past year, underperforming other tech stocks by -29 percentage points.

Exlservice Holdings has an average 1 year price target of $36.50, an upside of 16.69% from Exlservice Holdings's current stock price of $31.28.

Exlservice Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Exlservice Holdings, 25% have issued a Strong Buy rating, 50% have issued a Buy, 25% 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 121 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 315.96%, which is 310 percentage points higher than the tech sector average of 5.95%. 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 high 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 126.7%, which is 121 percentage points higher than the tech sector average of 5.95%.

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.

3. Clearone (NASDAQ:CLRO)


Clearone (NASDAQ:CLRO) has an annual dividend yield of 51.55%, which is 46 percentage points higher than the tech sector average of 5.95%. Clearone's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Clearone's dividend has shown consistent growth over the last 10 years.

Clearone's dividend payout ratio of 113.6% indicates that its high dividend yield might not be sustainable for the long-term.

Why are tech stocks up?

Tech stocks were up 0.68% in the last day, and up 1.74% over the last week. Mariadb was the among the top gainers in the technology sector, gaining 94.25% yesterday.

MariaDB shares are trading higher after Progress Software announced that it is possibly considering an offer for the company.

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 75 points higher than the tech sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -12.94% in the past year. It has underperformed other stocks in the tech sector by -42 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 75 points higher than the tech sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 177.19% in the past year. It has overperformed other stocks in the tech sector by 148 percentage points.

3. Akamai Technologies (NASDAQ:AKAM)


Akamai Technologies (NASDAQ:AKAM) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Akamai Technologies has a valuation score of 86, which is 61 points higher than the tech sector average of 25. It passed 6 out of 7 valuation due diligence checks.

Akamai Technologies's stock has gained 43.55% in the past year. It has overperformed other stocks in the tech sector by 14 percentage points.

Are tech stocks a good buy now?

40.26% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 7.04% 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 63.75x.
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.