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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)
VICR
VICOR CORP
United States
$1.53B44,477,90444.87%22.66%Net SellingNet Selling
NVTS
NAVITAS SEMICONDUCTOR CORP
Ireland
$799.47M179,253,18236.42%63.58%Net BuyingNet Selling
PLUS
EPLUS INC
United States
$2.11B26,954,90662.70%37.30%Net SellingNet Selling
ORCL
ORACLE CORP
United States
$322.15B2,748,514,00042.71%42.14%Net SellingNet Buying
CRSR
CORSAIR GAMING INC
United States
$1.17B103,306,16313.29%86.71%Net SellingNet Buying
ALNT
ALLIENT INC
United States
$497.14M16,593,32961.55%29.01%Net BuyingNet Buying
GLW
CORNING INC
United States
$26.74B853,474,31769.81%10.53%Net SellingNet Selling
EVTC
EVERTEC INC
Puerto Rico
$2.52B65,450,79996.80%3.20%Net BuyingNet Buying
TSAT
TELESAT CORP
Canada
$99.76M13,610,34299.69%0.31%
PAYO
PAYONEER GLOBAL INC
United States
$1.85B368,751,08081.30%18.70%Net SellingNet Selling
MKTW
MARKETWISE INC
United States
$530.54M329,528,2843.73%83.88%Net SellingNet Selling
CXM
SPRINKLR INC
United States
$3.26B273,199,22642.44%57.56%Net SellingNet Selling
PAY
PAYMENTUS HOLDINGS INC
United States
$2.58B123,922,52813.02%3.73%Net SellingNet Selling
WIT
WIPRO LTD
India
$29.94B5,482,733,3292.24%0.00%
NOK
NOKIA CORP
Finland
$20.49B5,613,496,5655.30%0.00%
CTLP
CANTALOUPE INC
United States
$422.22M72,797,02365.76%34.24%Net BuyingNet Buying
IT
GARTNER INC
United States
$34.99B77,967,88433.62%66.38%Net SellingNet Selling
ENTG
ENTEGRIS INC
United States
$19.94B150,396,20780.61%19.39%Net SellingNet Selling
SEDG
SOLAREDGE TECHNOLOGIES INC
Israel
$3.32B57,126,02361.94%38.06%Net BuyingNet Buying
SYT
SYLA TECHNOLOGIES CO LTD
Japan
$50.32M259,3910.22%0.00%
SONY
SONY GROUP CORP
Japan
$111.34B1,352,369,4847.26%0.00%
JKHY
JACK HENRY & ASSOCIATES INC
United States
$12.01B72,867,67892.61%7.39%Net Selling
TRAK
REPOSITRAK INC
United States
$295.54M18,209,5011.08%98.92%
YOU
CLEAR SECURE INC
United States
$2.64B150,626,42859.68%40.32%Net SellingNet Selling
ONTO
ONTO INNOVATION INC
United States
$9.32B49,130,01874.41%25.59%Net SellingNet Selling
CACI
CACI INTERNATIONAL INC
United States
$9.03B22,296,41086.83%13.17%Net SellingNet Selling
NCNO
NCINO INC
United States
$3.37B114,216,57567.34%32.66%Net SellingNet Selling
SONM
SONIM TECHNOLOGIES INC
United States
$21.13M43,206,0832.02%97.98%Net Buying
DIOD
DIODES INC
United States
$3.34B45,939,80481.33%18.67%Net SellingNet Selling
FRSH
FRESHWORKS INC
United States
$5.49B297,937,29457.36%10.31%Net SellingNet Selling
IONQ
IONQ INC
United States
$1.87B208,229,51938.64%61.36%Net SellingNet Buying
PRGS
PROGRESS SOFTWARE CORP
United States
$2.18B43,218,08683.38%16.62%Net SellingNet Selling
HCP
HASHICORP INC
United States
$6.50B199,545,23649.78%1.53%Net SellingNet Selling
ARBE
ARBE ROBOTICS LTD
Israel
$143.93M78,221,55717.40%0.00%
PEGA
PEGASYSTEMS INC
United States
$5.25B85,031,16545.66%50.48%Net SellingNet Selling
ESE
ESCO TECHNOLOGIES INC
United States
$2.72B25,798,27195.59%4.00%Net SellingNet Buying
MSN
EMERSON RADIO CORP
United States
$11.53M21,042,6521.49%98.51%
RAMP
LIVERAMP HOLDINGS INC
United States
$2.16B66,183,73155.37%44.63%Net SellingNet Selling
MANH
MANHATTAN ASSOCIATES INC
United States
$12.87B61,569,88398.15%1.85%Net SellingNet Selling
MNDY
MONDAYCOM LTD
Israel
$9.32B48,923,90372.15%0.00%
DUOL
DUOLINGO INC
United States
$9.55B42,875,82874.54%25.07%Net SellingNet Selling
VLN
VALENS SEMICONDUCTOR LTD
Israel
$239.91M102,964,7972.46%5.58%
CFLT
CONFLUENT INC
United States
$9.30B312,621,86461.75%7.61%Net SellingNet Selling
CCRD
CORECARD CORP
United States
$98.88M8,295,40843.88%37.51%Net BuyingNet Buying
CTS
CTS CORP
United States
$1.42B30,789,09990.06%9.94%Net SellingNet Selling
IDN
INTELLICHECK INC
United States
$61.90M19,404,56126.68%73.32%Net BuyingNet Buying
HKIT
HITEK GLOBAL INC
China
$19.43M14,392,3641.19%0.00%
TTEC
TTEC HOLDINGS INC
United States
$366.15M47,428,11319.37%80.63%Net SellingNet Selling
SQ
BLOCK INC
United States
$45.86B615,693,00062.33%4.60%Net BuyingNet Selling
TOST
TOAST INC
United States
$13.10B548,000,00064.30%9.56%Net SellingNet Selling
TROO
TROOPS INC
China
$133.09M101,597,9980.11%1.33%
S
SENTINELONE INC
United States
$6.68B310,007,78374.25%3.02%Net SellingNet Selling
IZM
ICZOOM GROUP INC
Hong Kong
$29.97M10,370,1580.03%0.00%
CSPI
CSP INC
United States
$131.43M9,713,90013.35%21.47%Net BuyingNet Buying
AGMH
AGM GROUP HOLDINGS INC
Hong Kong
$27.94M26,354,8420.05%0.00%
VIAV
VIAVI SOLUTIONS INC
United States
$1.78B222,565,77495.48%2.45%Net SellingNet Buying
WBX
WALLBOX NV
Spain
$312.61M209,807,0066.31%0.00%
FRGE
FORGE GLOBAL HOLDINGS INC
United States
$344.64M179,499,58739.69%53.19%Net SellingNet Selling
NABL
N-ABLE INC
United States
$2.29B184,762,99849.96%50.04%Net SellingNet Selling
WETH
WETOUCH TECHNOLOGY INC
China
$23.80M11,931,5340.00%53.59%
WFCF
WHERE FOOD COMES FROM INC
United States
$66.67M5,487,2696.65%92.00%Net BuyingNet Buying
NXPL
NEXTPLAT CORP
United States
$22.39M18,724,5961.27%98.73%
SEZL
SEZZLE INC
United States
$332.30M5,633,1722.02%54.98%Net BuyingNet Selling
ELSE
ELECTRO SENSORS INC
United States
$14.21M3,428,0215.56%94.44%
TLS
TELOS CORP
United States
$251.04M70,319,62035.87%64.13%Net BuyingNet Selling
PET
WAG! GROUP CO
United States
$91.67M40,384,27326.31%73.69%Net SellingNet Selling
TRT
TRIO-TECH INTERNATIONAL
United States
$27.73M4,169,55515.99%59.72%Net BuyingNet Buying
RUM
RUMBLE INC
United States
$2.52B386,062,7016.27%7.44%Net SellingNet Selling
ZBRA
ZEBRA TECHNOLOGIES CORP
United States
$15.27B51,381,40988.81%11.19%Net SellingNet Selling
CPTN
CEPTON INC
United States
$46.33M15,920,9170.84%99.16%Net SellingNet Selling
LAW
CS DISCO INC
United States
$478.72M61,061,36845.30%54.70%Net SellingNet Selling
PGY
PAGAYA TECHNOLOGIES LTD
Israel
$654.99M62,980,03193.26%6.74%Net BuyingNet Buying
BEEM
BEAM GLOBAL
United States
$94.43M14,438,27011.52%88.48%Net Buying
ALAB
ASTERA LABS INC
United States
N/A152,495,8920.00%32.58%Net BuyingNet Buying
VMEO
VIMEO INC
United States
$620.08M168,043,93184.86%10.65%Net SellingNet Selling
CNXC
CONCENTRIX CORP
United States
$3.63B65,991,91565.21%34.79%Net SellingNet Buying
INTC
INTEL CORP
United States
$135.71B4,257,000,00064.14%5.03%Net SellingNet Selling
HOOD
ROBINHOOD MARKETS INC
United States
$15.64B874,547,46956.89%43.11%Net SellingNet Selling
BKKT
BAKKT HOLDINGS INC
United States
$128.67M321,681,5489.51%9.72%Net SellingNet Buying
VPG
VISHAY PRECISION GROUP INC
United States
$447.11M13,382,47572.13%27.87%Net SellingNet Selling
SAP
SAP SE
Germany
$217.27B1,167,000,0005.62%0.00%
UTSI
UTSTARCOM HOLDINGS CORP
Hong Kong
$25.07M9,116,0000.47%99.53%
NVEI
NUVEI CORP
Canada
$4.50B139,428,33922.20%0.00%
BDC
BELDEN INC
United States
$3.43B41,085,54295.01%4.99%Net SellingNet Selling
FKWL
FRANKLIN WIRELESS CORP
United States
$35.00M11,784,2800.43%99.57%
POWI
POWER INTEGRATIONS INC
United States
$3.83B56,886,00095.85%4.15%Net SellingNet Selling
OKTA
OKTA INC
United States
$15.45B167,397,16380.00%4.46%Net SellingNet Selling
ENFN
ENFUSION INC
United States
$1.21B128,069,91241.35%57.12%Net SellingNet Buying
SEMR
SEMRUSH HOLDINGS INC
United States
$1.74B144,566,46034.12%65.88%Net SellingNet Selling
VRNS
VARONIS SYSTEMS INC
United States
$4.95B109,103,72168.03%31.97%Net SellingNet Selling
NXT
NEXTRACKER INC
United States
$5.98B136,542,42351.26%4.74%Net SellingNet Selling
RSKD
RISKIFIED LTD
Israel
$924.91M178,553,72138.83%0.00%
NNDM
NANO DIMENSION LTD
Israel
$576.02M235,111,00030.62%0.00%
DQ
DAQO NEW ENERGY CORP
China
$1.86B391,023,3278.36%0.00%
KLTR
KALTURA INC
United States
$179.07M143,258,12730.78%53.81%Net BuyingNet Selling
AVDX
AVIDXCHANGE HOLDINGS INC
United States
$2.44B204,324,27975.61%24.39%Net SellingNet Selling
MTTR
MATTERPORT INC
United States
$1.47B310,907,10534.64%22.62%Net SellingNet Selling
TUYA
TUYA INC
China
$999.79M574,592,5995.69%0.00%
IOT
SAMSARA INC
United States
$19.81B550,522,67132.81%9.48%Net SellingNet Selling
GRAB
GRAB HOLDINGS LTD
Singapore
$13.77B3,933,743,05150.60%0.01%

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+0.31%+6.01%-1.36%-12.46%11.59x2.68x+70.29%+9.31%+17.58%+19.03%Buy
38+4.31%+12.35%-11.23%+159.22%38.37x13.83x-27.35%+9.81%+18.41%+18.07%Buy
18-0.40%+1.90%-3.07%-5.43%24.48x20.71x+149.67%+28.22%+53.07%+24.37%Buy
44+1.18%+4.26%-1.56%+17.15%25.95x3.53x+21.21%+9.66%+15.16%+15.12%Buy
10+0.10%+2.48%+0.38%+38.33%13.08x1.36x+12.28%+3.94%+12.67%+3.08%Hold
66+0.06%+0.75%-5.13%+15.50%23.55x4.51x+25.53%+7.94%+16.36%+17.16%Buy
33+1.03%+1.91%-3.61%+3.43%-7.72x3.09x+9.11%+6.17%+9.01%+10.94%Buy
29+2.84%+8.44%-2.58%+58.51%39.68x11.61x+50.74%+18.11%+30.50%+10.54%Buy
69+3.12%+11.44%-1.24%+41.38%59.70x7.96x+52.19%+30.05%+33.79%+13.52%Buy
252+0.47%+3.25%-8.89%+28.13%91.33x6.53x+7.71%+4.52%+7.12%+19.83%Buy
138+1.21%+3.76%-4.42%+18.44%77.56x11.33x-37.66%+15.05%+24.39%+19.65%Buy
23+2.96%+3.82%+0.53%-48.93%31.93x2.50x+11.78%+7.31%+11.13%+36.86%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 72, which is 42 points higher than the tech sector average of 30. It passed 26 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 40.81% over the past year, overperforming other tech stocks by 15 percentage points.

Logitech International Sa has an average 1 year price target of $96.40, an upside of 21.63% from Logitech International Sa's current stock price of $79.26.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Logitech International Sa, 40% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a Hold, while 0% have issued a Sell rating, and 20% 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 39.43% over the past year, overperforming other tech stocks by 14 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -31.58% from Full Truck Alliance Co's current stock price of $8.77.

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. Perficient (NASDAQ:PRFT)


Perficient (NASDAQ:PRFT) is the third best tech stock with a Zen Score of 67, which is 37 points higher than the tech sector average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Perficient has seen its stock lose -30.86% over the past year, underperforming other tech stocks by -56 percentage points.

Perficient has an average 1 year price target of $70.20, an upside of 63.29% from Perficient's current stock price of $42.99.

Perficient stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Perficient, 0% have issued a Strong Buy rating, 40% have issued a Buy, 60% 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 4.54%. 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 164.11%, which is 160 percentage points higher than the tech sector average of 4.54%. 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 136.59%, which is 132 percentage points higher than the tech sector average of 4.54%.

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 1.36% in the last day, and up 5.1% over the last week. Astera Labs was the among the top gainers in the technology sector, gaining 18.73% yesterday.

Shares of semiconductor and chip stocks are trading higher following strong earnings from Microsoft, which could be lifting AI optimism.

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 76 points higher than the tech sector average of 24. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -12.67% in the past year. It has underperformed other stocks in the tech sector by -38 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 76 points higher than the tech sector average of 24. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 171.68% in the past year. It has overperformed other stocks in the tech sector by 146 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 76 points higher than the tech sector average of 24. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -23.05% in the past year. It has underperformed other stocks in the tech sector by -49 percentage points.

Are tech stocks a good buy now?

40.36% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 17.11% 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 57.16x.
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.