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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
PATH
UIPATH INC
NYSE
Software - Infrastructure
$12.90B$22.67-0.48%-$40.17M-141.69x0.47
SITM
SITIME CORP
NASDAQ
Semiconductors
$2.12B$93.232.35%-$64.26M-25.68x0.34
FEBO
FENBO HOLDINGS LTD
NASDAQ
Consumer Electronics
N/A$8.791.15%$2.07M79.15x1.22
MTTR
MATTERPORT INC
NASDAQ
Software - Application
$702.65M$2.2615.90%-$179.46M-3.42x0.09
AVDX
AVIDXCHANGE HOLDINGS INC
NASDAQ
Software - Infrastructure
$2.69B$13.150.15%$3.30M-57.17x2.78
CNXC
CONCENTRIX CORP
NASDAQ
Information Technology Services
$4.39B$66.221.56%$997.53M11.58x2.02
BASE
COUCHBASE INC
NASDAQ
Software - Infrastructure
$1.30B$26.310.73%-$73.29M-15.48x0.90
STM
STMICROELECTRONICS NV
NYSE
Semiconductors
$39.04B$43.24-1.66%$6.14B9.28x0.45
STNE
STONECO LTD
NASDAQ
Software - Infrastructure
$5.22B$16.61-0.66%$1.36B16.41x2.33
GILT
GILAT SATELLITE NETWORKS LTD
NASDAQ
Communication Equipment
$309.60M$5.432.74%$41.49M13.24x0.55
IOT
SAMSARA INC
NYSE
Software - Infrastructure
$20.80B$37.79-1.56%-$267.86M-69.98x0.90
SMRT
SMARTRENT INC
NYSE
Software - Application
$546.37M$2.68-1.47%-$36.64M-15.76x0.49
GRAB
GRAB HOLDINGS LTD
NASDAQ
Software - Application
$12.35B$3.14-1.88%-$330.00M-28.55x0.36
NNDM
NANO DIMENSION LTD
NASDAQ
Computer Hardware
$654.78M$2.79-0.54%-$46.29M-12.66x0.05
TUYA
TUYA INC
NYSE
Software - Infrastructure
$972.07M$1.75-3.85%N/A-15.91x0.10
DQ
DAQO NEW ENERGY CORP
NYSE
Semiconductor Equipment & Materials
$2.20B$28.155.39%N/AN/A0.21
ENFN
ENFUSION INC
NYSE
Software - Application
$1.18B$9.250.22%$23.48M132.14x0.59
HIMX
HIMAX TECHNOLOGIES INC
NASDAQ
Semiconductors
$933.13M$5.35-1.11%$71.99MN/A0.91
OKTA
OKTA INC
NASDAQ
Software - Infrastructure
$17.51B$104.62-0.29%-$245.00M-48.21x0.53
OLO
OLO INC
NYSE
Software - Application
$888.81M$5.493.78%-$44.84M-15.25x0.14
USIO
USIO INC
NASDAQ
Software - Infrastructure
$44.78M$1.70-2.86%$1.90M-85.00x6.10
CNXN
PC CONNECTION INC
NASDAQ
Electronics & Computer Distribution
$1.74B$65.930.29%$125.77M20.80x0.41
DELL
DELL TECHNOLOGIES INC
NYSE
Computer Hardware
$81.45B$114.112.18%$8.53B25.59x-35.11
FSLY
FASTLY INC
NYSE
Software - Application
$1.74B$12.972.69%-$34.55M-12.59x0.56
AI
C3AI INC
NYSE
Software - Application
$3.30B$27.07-0.70%-$256.54M-11.62x0.19
PWFL
POWERFLEET INC
NASDAQ
Communication Equipment
$198.71M$5.348.10%$9.05M-22.25x0.95
CMBM
CAMBIUM NETWORKS CORP
NASDAQ
Communication Equipment
$120.07M$4.31-2.27%-$56.78M-1.53x1.69
TENB
TENABLE HOLDINGS INC
NASDAQ
Software - Infrastructure
$5.84B$49.432.96%-$8.95M-72.69x3.64
AVPT
AVEPOINT INC
NASDAQ
Software - Infrastructure
$1.46B$7.920.13%-$7.92M-66.00x1.03
ADTN
ADTRAN HOLDINGS INC
NASDAQ
Communication Equipment
$428.12M$5.442.26%-$74.53M-4.12x0.91
SONY
SONY GROUP CORP
NYSE
Consumer Electronics
$115.95B$85.74-0.92%$15.66B17.07x3.58
WIX
WIXCOM LTD
NASDAQ
Software - Infrastructure
$7.86B$137.480.69%$1.81M237.03x-34.11
TEAM
ATLASSIAN CORP
NASDAQ
Software - Application
$50.61B$195.111.02%-$154.53M-130.95x3.92
DSP
VIANT TECHNOLOGY INC
NASDAQ
Software - Application
$669.75M$10.664.31%$6.80M-46.35x1.91
PALT
PALTALK INC
NASDAQ
Software - Application
$28.40M$3.08-2.53%-$822.69k-25.67x0.19
IZM
ICZOOM GROUP INC
NASDAQ
Electronics & Computer Distribution
$87.32M$8.420.36%$3.16M44.32x4.67
TDC
TERADATA CORP
NYSE
Software - Infrastructure
$3.77B$38.67-1.78%$263.00M62.37x12.87
SLAB
SILICON LABORATORIES INC
NASDAQ
Semiconductors
$4.59B$143.722.47%$4.69M-131.85x0.19
ZS
ZSCALER INC
NASDAQ
Software - Infrastructure
$28.87B$192.63-0.44%$11.07M-202.77x3.10
IMOS
CHIPMOS TECHNOLOGIES INC
NASDAQ
Semiconductors
$1.14B$31.450.74%$292.89M10.14x0.82
RMNI
RIMINI STREET INC
NASDAQ
Software - Application
$293.02M$3.263.16%$54.06M11.24x-10.97
PTC
PTC INC
NASDAQ
Software - Application
$22.59B$188.94-0.41%$622.86M94.47x1.23
BLZE
BACKBLAZE INC
NASDAQ
Software - Infrastructure
$384.65M$10.230.69%-$31.41M-5.72x1.85
WIT
WIPRO LTD
NYSE
Information Technology Services
$31.53B$5.750.88%$2.38B22.29x0.55
FTCI
FTC SOLAR INC
NASDAQ
Solar
$67.71M$0.54-8.33%-$49.00M-1.23x0.97
III
INFORMATION SERVICES GROUP INC
NASDAQ
Information Technology Services
$195.27M$4.040.25%$21.21M31.08x1.42
MDB
MONGODB INC
NASDAQ
Software - Infrastructure
$26.12B$358.64-0.04%-$122.00M-144.61x1.68
KVYO
KLAVIYO INC
NYSE
Software - Application
$6.66B$25.48-3.01%-$280.39M-20.06x0.19
PDFS
PDF SOLUTIONS INC
NASDAQ
Software - Application
$1.30B$33.671.29%$13.41M420.88x0.27
SGMA
SIGMATRON INTERNATIONAL INC
NASDAQ
Electronic Components
$22.12M$3.63-1.09%$19.55M20.17x2.51
TACT
TRANSACT TECHNOLOGIES INC
NASDAQ
Computer Hardware
$52.21M$5.24-1.87%$7.70M10.92x0.38
NET
CLOUDFLARE INC
NYSE
Software - Infrastructure
$32.70B$96.830.29%$8.62M-176.05x2.62
MMAT
META MATERIALS INC
NASDAQ
Electronic Components
$15.06M$3.0728.99%-$327.63M-0.04x0.31
LDOS
LEIDOS HOLDINGS INC
NYSE
Information Technology Services
$17.80B$131.090.42%$937.00M90.41x2.01
INDI
INDIE SEMICONDUCTOR INC
NASDAQ
Semiconductor Equipment & Materials
$1.30B$7.084.58%-$78.92M-8.74x0.77
FTFT
FUTURE FINTECH GROUP INC
NASDAQ
Software - Application
$14.94M$1.001.01%-$11.32M-1.32x0.20
DAIO
DATA I/O CORP
NASDAQ
Electronic Components
$31.76M$3.52-0.28%$1.29M70.40x0.35
PCOR
PROCORE TECHNOLOGIES INC
NYSE
Software - Application
$11.91B$82.170.66%-$101.74M-61.32x0.64
HTCR
HEARTCORE ENTERPRISES INC
NASDAQ
Software - Application
$20.11M$0.973.76%-$1.73M-7.42x1.37
DJCO
DAILY JOURNAL CORP
NASDAQ
Software - Application
$497.95M$361.611.53%$24.79M30.67x0.68
ASUR
ASURE SOFTWARE INC
NASDAQ
Software - Application
$198.62M$7.78-1.52%$15.81M-18.52x1.32
BRZE
BRAZE INC
NASDAQ
Software - Application
$4.42B$44.30-12.42%-$125.32M-31.87x0.75
SYTA
SIYATA MOBILE INC
NASDAQ
Communication Equipment
$953.46k$3.6016.50%-$12.00M-0.03x0.31
CRM
SALESFORCE INC
NYSE
Software - Application
$292.14B$301.18-0.07%$8.91B70.87x0.67
AAOI
APPLIED OPTOELECTRONICS INC
NASDAQ
Communication Equipment
$532.20M$13.86-0.72%-$26.18M-7.92x0.81
DOCU
DOCUSIGN INC
NASDAQ
Software - Application
$12.23B$59.550.47%$216.90M165.42x1.63
NRDY
NERDY INC
NYSE
Software - Application
$505.51M$2.91-0.68%-$36.67M-7.10x0.75
KLTR
KALTURA INC
NASDAQ
Software - Application
$193.40M$1.350.00%-$33.94M-3.97x5.06
ACIW
ACI WORLDWIDE INC
NASDAQ
Software - Infrastructure
$3.53B$33.212.06%$360.11M29.65x1.60
GTLB
GITLAB INC
NASDAQ
Software - Application
$9.24B$58.32-0.73%-$153.58M-21.21x1.23
FICO
FAIR ISAAC CORP
NYSE
Software - Application
$31.06B$1,249.61-0.71%$690.83M68.77x-3.20
CXM
SPRINKLR INC
NYSE
Software - Application
$3.36B$12.27-5.69%$56.98M111.55x0.65
MYSZ
MY SIZE INC
NASDAQ
Software - Application
$1.27M$0.43-0.93%-$7.28M-0.10x0.89
CAMT
CAMTEK LTD
NASDAQ
Semiconductor Equipment & Materials
$3.76B$83.77-3.77%$71.20M47.60x0.65
VUZI
VUZIX CORP
NASDAQ
Consumer Electronics
$76.63M$1.21-9.02%-$36.39M-1.89x0.06
INLX
INTELLINETICS INC
NYSEMKT
Software - Application
$35.97M$8.831.03%$1.83M51.94x1.05
GPRO
GOPRO INC
NASDAQ
Consumer Electronics
$334.27M$2.230.00%-$53.78M-6.37x0.74
ROG
ROGERS CORP
NYSE
Electronic Components
$2.21B$118.69-1.49%$137.50M39.04x0.21
ALOT
ASTRONOVA INC
NASDAQ
Computer Hardware
$132.45M$17.82-0.34%$11.41M39.60x0.55
DOCN
DIGITALOCEAN HOLDINGS INC
NYSE
Software - Infrastructure
$3.47B$38.18-2.30%$153.59M173.55x-5.66
MOB
MOBILICOM LTD
NASDAQ
Communication Equipment
$6.31M$1.19-0.83%N/A-0.01x0.41
MAXN
MAXEON SOLAR TECHNOLOGIES LTD
NASDAQ
Solar
$175.76M$3.331.83%-$32.64M-0.93x6.63
CYBR
CYBERARK SOFTWARE LTD
NASDAQ
Software - Infrastructure
$11.22B$265.630.93%-$97.22M-166.02x1.55
APPN
APPIAN CORP
NASDAQ
Software - Infrastructure
$2.93B$39.951.86%-$80.90M-26.28x10.99
VISL
VISLINK TECHNOLOGIES INC
NASDAQ
Communication Equipment
$8.19M$3.434.96%-$10.91M-0.65x0.24
NXT
NEXTRACKER INC
NASDAQ
Solar
$7.68B$56.27-3.02%$379.50MN/A-0.43
DAVE
DAVE INC
NASDAQ
Software - Application
$454.55M$37.14-6.14%-$31.10M-9.13x2.38
QUIK
QUICKLOGIC CORP
NASDAQ
Semiconductors
$230.47M$16.032.10%$2.23M-801.50x1.83
NOVT
NOVANTA INC
NASDAQ
Scientific & Technical Instruments
$6.26B$174.770.56%$156.18M86.09x0.82
EXFY
EXPENSIFY INC
NASDAQ
Software - Application
$156.78M$1.842.79%-$27.37M-3.68x0.76
CNDT
CONDUENT INC
NASDAQ
Information Technology Services
$709.72M$3.381.81%$43.00M-2.40x3.80
NXTP
NEXTPLAY TECHNOLOGIES INC
NASDAQ
Software - Infrastructure
$3.91M$0.66-2.95%-$30.91M-0.09x1.48
FIVN
FIVE9 INC
NASDAQ
Software - Infrastructure
$4.55B$62.11-0.30%-$10.62M-54.96x1.78
KN
KNOWLES CORP
NYSE
Communication Equipment
$1.44B$16.102.55%$96.90M20.13x0.42
KVHI
KVH INDUSTRIES INC
NASDAQ
Communication Equipment
$100.19M$5.100.00%-$1.67M-6.30x0.17
QUBT
QUANTUM COMPUTING INC
NASDAQ
Computer Hardware
$74.35M$0.99-2.94%-$35.07M-2.30x0.10
BL
BLACKLINE INC
NASDAQ
Software - Application
$3.97B$64.581.49%$116.73M74.23x6.94
API
AGORA INC
NASDAQ
Software - Application
$231.42M$2.510.00%-$75.38M-0.71x0.12
ADEA
ADEIA INC
NASDAQ
Software - Application
$1.17B$10.921.02%$237.82M17.33x2.10
INFN
INFINERA CORP
NASDAQ
Communication Equipment
$1.40B$6.039.44%$120.12M-603.00x7.65

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
66+0.19%+0.97%+6.13%-16.85%17.88x2.78x+68.44%+9.30%+17.93%+13.80%Buy
38-0.42%+1.54%+15.43%+178.99%41.47x14.35x-23.03%+10.00%+18.23%+0.26%Strong Buy
18-0.96%-1.29%-0.55%+3.03%24.50x21.00x+149.48%+28.19%+53.00%+21.60%Buy
44+0.04%+0.20%+0.90%+12.51%27.50x3.59x+19.48%+9.14%+13.49%+8.55%Buy
10-0.20%+2.62%+6.26%+26.94%13.64x1.35x+12.37%+3.98%+12.74%+2.22%Hold
65+0.14%-0.26%-2.06%+20.11%25.43x4.88x+25.64%+8.04%+16.41%+6.35%Buy
33+0.59%+1.17%+3.06%+11.18%-6.86x3.33x+8.81%+5.96%+8.82%+3.21%Buy
29+0.03%-1.31%+3.99%+56.08%39.18x12.11x+56.34%+19.31%+32.62%+1.78%Buy
69+0.92%+0.46%+5.30%+41.42%66.81x8.25x+51.72%+29.80%+33.60%+9.35%Strong Buy
248-1.40%+0.50%+6.36%+37.68%101.29x6.92x+7.36%+4.58%+7.44%+5.43%Buy
139+0.21%-1.31%-2.16%+23.58%89.41x12.26x-38.48%+15.17%+24.32%+12.83%Buy
23+0.43%+5.41%+3.57%-49.58%28.16x2.72x+15.13%+8.41%+12.78%+31.19%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 -19.62% 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 32.02% from First Solar's current stock price of $168.80.

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. Rambus (NASDAQ:RMBS)


Rambus (NASDAQ:RMBS) is the second best tech stock with a Zen Score of 67, which is 37 points higher than the tech sector average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 42.12% over the past year, overperforming other tech stocks by 13 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 37.52% from Rambus's current stock price of $61.81.

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.

3. Aehr Test Systems (NASDAQ:AEHR)


Aehr Test Systems (NASDAQ:AEHR) is the third 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 -64.95% over the past year, underperforming other tech stocks by -95 percentage points.

Aehr Test Systems has an average 1 year price target of $12.00, a downside of -3.23% from Aehr Test Systems's current stock price of $12.40.

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.

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 315.56%, which is 310 percentage points higher than the tech sector average of 5.85%. 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 112.45%, which is 107 percentage points higher than the tech sector average of 5.85%.

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 54.64%, which is 49 percentage points higher than the tech sector average of 5.85%. 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 down?

Tech stocks were down -0.27% in the last day, and up 0.11% over the last week. Data Storage was the among the top losers in the technology sector, dropping -25.13% yesterday.

Data Storage shares are trading lower after the company reported worse-than-expected Q4 revenue results.

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 -10.59% in the past year. It has underperformed other stocks in the tech sector by -40 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 170.32% in the past year. It has overperformed other stocks in the tech sector by 141 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 42.02% in the past year. It has overperformed other stocks in the tech sector by 12 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 7.42% 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 64x.
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.