Sectors & IndustriesTechnology
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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)
BASE	COUCHBASE INC	$1.25B	N/A	0.00%	N/A	N/A	N/A	N/A
SMRT	SMARTRENT INC	$481.13M	N/A	0.00%	N/A	N/A	N/A	N/A
PATH	UIPATH INC	$11.07B	N/A	0.00%	N/A	N/A	N/A	N/A
FEBO	FENBO HOLDINGS LTD	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
FTCI	FTC SOLAR INC	$53.89M	N/A	0.00%	N/A	N/A	N/A	N/A
ENFN	ENFUSION INC	$1.21B	N/A	0.00%	N/A	N/A	N/A	N/A
AVDX	AVIDXCHANGE HOLDINGS INC	$2.44B	N/A	0.00%	N/A	N/A	N/A	N/A
DQ	DAQO NEW ENERGY CORP	$1.86B	N/A	N/A	N/A	N/A	N/A	N/A
SITM	SITIME CORP	$2.01B	N/A	0.00%	N/A	N/A	N/A	N/A
HEAR	TURTLE BEACH CORP	$248.94M	N/A	0.00%	N/A	N/A	N/A	N/A
FSLY	FASTLY INC	$1.74B	N/A	0.00%	N/A	N/A	N/A	N/A
MGIC	MAGIC SOFTWARE ENTERPRISES LTD	$571.51M	2.81%	83.60%	$0.3270	$0.33	52%	2
AI	C3AI INC	$2.79B	N/A	0.00%	N/A	N/A	N/A	N/A
TEAM	ATLASSIAN CORP	$46.71B	N/A	0.00%	N/A	N/A	N/A	N/A
NSIT	INSIGHT ENTERPRISES INC	$5.96B	N/A	0.00%	N/A	N/A	N/A	N/A
OLO	OLO INC	$809.48M	N/A	0.00%	N/A	N/A	N/A	N/A
FORTY	FORMULA SYSTEMS (1985) LTD	$1.14B	1.68%	14.80%	$0.6384	$1.26	34%	4
IMOS	CHIPMOS TECHNOLOGIES INC	$1.03B	5.28%	85.90%	$1.5007	$1.50	80%	2
DELL	DELL TECHNOLOGIES INC	$89.27B	0.30%	33.20%	$0.3700	$0.37	4%	0
PWFL	POWERFLEET INC	$168.57M	N/A	0.00%	N/A	N/A	N/A	N/A
III	INFORMATION SERVICES GROUP INC	$166.76M	5.22%	134.60%	$0.0450	$0.18	80%	1
DOCN	DIGITALOCEAN HOLDINGS INC	$3.04B	N/A	0.00%	N/A	N/A	N/A	N/A
AMKR	AMKOR TECHNOLOGY INC	$7.53B	1.00%	20.80%	$0.0788	$0.31	18%	0
ZS	ZSCALER INC	$26.53B	N/A	0.00%	N/A	N/A	N/A	N/A
WIX	WIXCOM LTD	$6.91B	N/A	0.00%	N/A	N/A	N/A	N/A
SLAB	SILICON LABORATORIES INC	$3.90B	N/A	0.00%	N/A	N/A	N/A	N/A
AVPT	AVEPOINT INC	$1.50B	N/A	0.00%	N/A	N/A	N/A	N/A
FATH	FATHOM DIGITAL MANUFACTURING CORP	$35.24M	N/A	0.00%	N/A	N/A	N/A	N/A
GILT	GILAT SATELLITE NETWORKS LTD	$293.06M	N/A	0.00%	$0.6300	N/A	N/A	1
TDC	TERADATA CORP	$3.67B	N/A	0.00%	$1.5000	N/A	N/A	0
DSP	VIANT TECHNOLOGY INC	$523.36M	N/A	0.00%	N/A	N/A	N/A	N/A
PALT	PALTALK INC	$34.58M	N/A	0.00%	N/A	N/A	N/A	N/A
RDDT	REDDIT INC	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
ULY	URGENTLY INC	$21.87M	N/A	0.00%	N/A	N/A	N/A	N/A
ADTN	ADTRAN HOLDINGS INC	$348.64M	2.03%	-13.60%	$0.0900	$0.09	40%	0
INLX	INTELLINETICS INC	$30.19M	N/A	0.00%	N/A	N/A	N/A	N/A
WNS	WNS (HOLDINGS) LTD	$1.84B	N/A	0.00%	N/A	N/A	N/A	N/A
CRM	SALESFORCE INC	$266.06B	0.15%	0.00%	$0.4000	$0.40	1%	0
FROG	JFROG LTD	$4.46B	N/A	0.00%	N/A	N/A	N/A	N/A
LDOS	LEIDOS HOLDINGS INC	$17.70B	1.14%	100.70%	$0.3800	$1.48	21%	0
BLZE	BACKBLAZE INC	$383.57M	N/A	0.00%	N/A	N/A	N/A	N/A
DAIO	DATA I/O CORP	$28.33M	N/A	0.00%	N/A	N/A	N/A	N/A
DJCO	DAILY JOURNAL CORP	$477.55M	N/A	0.00%	N/A	N/A	N/A	N/A
FEIM	FREQUENCY ELECTRONICS INC	$92.22M	N/A	0.00%	N/A	N/A	N/A	N/A
INDI	INDIE SEMICONDUCTOR INC	$1.03B	N/A	0.00%	N/A	N/A	N/A	N/A
KVYO	KLAVIYO INC	$6.17B	N/A	0.00%	N/A	N/A	N/A	N/A
MLGO	MICROALGO INC	$12.49M	N/A	0.00%	N/A	N/A	N/A	N/A
NN	NEXTNAV INC	$1.05B	N/A	0.00%	N/A	N/A	N/A	N/A
KTCC	KEY TRONIC CORP	$46.17M	N/A	0.00%	N/A	N/A	N/A	N/A
MDB	MONGODB INC	$27.95B	N/A	0.00%	N/A	N/A	N/A	N/A
PTC	PTC INC	$21.64B	N/A	0.00%	N/A	N/A	N/A	N/A
PDFS	PDF SOLUTIONS INC	$1.20B	N/A	0.00%	N/A	N/A	N/A	N/A
NET	CLOUDFLARE INC	$29.72B	N/A	0.00%	N/A	N/A	N/A	N/A
PCOR	PROCORE TECHNOLOGIES INC	$10.16B	N/A	0.00%	N/A	N/A	N/A	N/A
VISL	VISLINK TECHNOLOGIES INC	$9.72M	N/A	0.00%	N/A	N/A	N/A	N/A
SGMA	SIGMATRON INTERNATIONAL INC	$25.29M	N/A	0.00%	N/A	N/A	N/A	N/A
RMNI	RIMINI STREET INC	$251.68M	N/A	0.00%	N/A	N/A	N/A	N/A
ASUR	ASURE SOFTWARE INC	$185.60M	N/A	0.00%	N/A	N/A	N/A	N/A
TACT	TRANSACT TECHNOLOGIES INC	$48.83M	N/A	0.00%	$0.0900	N/A	N/A	0
MYSZ	MY SIZE INC	$2.35M	N/A	0.00%	N/A	N/A	N/A	N/A
KOSS	KOSS CORP	$22.21M	N/A	0.00%	N/A	N/A	N/A	N/A
DOCU	DOCUSIGN INC	$11.75B	N/A	0.00%	N/A	N/A	N/A	N/A
AAOI	APPLIED OPTOELECTRONICS INC	$416.62M	N/A	0.00%	N/A	N/A	N/A	N/A
GPRO	GOPRO INC	$259.32M	N/A	0.00%	N/A	N/A	N/A	N/A
SNX	TD SYNNEX CORP	$10.29B	1.28%	21.00%	$0.4000	$1.50	24%	1
GTLB	GITLAB INC	$8.78B	N/A	0.00%	N/A	N/A	N/A	N/A
FICO	FAIR ISAAC CORP	$27.45B	N/A	0.00%	$0.0200	N/A	N/A	0
LSAK	LESAKA TECHNOLOGIES INC	$263.27M	N/A	0.00%	N/A	N/A	N/A	N/A
CNXN	PC CONNECTION INC	$1.68B	0.53%	10.70%	$0.1000	$0.34	8%	4
ROG	ROGERS CORP	$2.26B	N/A	0.00%	N/A	N/A	N/A	N/A
NRDY	NERDY INC	$479.45M	N/A	0.00%	N/A	N/A	N/A	N/A
GRRR	GORILLA TECHNOLOGY GROUP INC	$35.87M	N/A	N/A	N/A	N/A	N/A	N/A
AMPG	AMPLITECH GROUP INC	$22.25M	N/A	0.00%	N/A	N/A	N/A	N/A
ALOT	ASTRONOVA INC	$135.50M	N/A	0.00%	$0.0700	N/A	N/A	0
INFN	INFINERA CORP	$1.18B	N/A	0.00%	N/A	N/A	N/A	N/A
CALX	CALIX INC	$1.86B	N/A	0.00%	N/A	N/A	N/A	N/A
KN	KNOWLES CORP	$1.44B	N/A	0.00%	N/A	N/A	N/A	N/A
CYBR	CYBERARK SOFTWARE LTD	$10.25B	N/A	0.00%	N/A	N/A	N/A	N/A
QH	QUHUO LTD	$3.39M	N/A	0.00%	N/A	N/A	N/A	N/A
BL	BLACKLINE INC	$3.74B	N/A	0.00%	N/A	N/A	N/A	N/A
API	AGORA INC	$232.35M	N/A	0.00%	N/A	N/A	N/A	N/A
EXFY	EXPENSIFY INC	$138.89M	N/A	0.00%	N/A	N/A	N/A	N/A
AIP	ARTERIS INC	$253.59M	N/A	0.00%	N/A	N/A	N/A	N/A
SNOW	SNOWFLAKE INC	$52.85B	N/A	0.00%	N/A	N/A	N/A	N/A
CLRO	CLEARONE INC	$21.91M	164.11%	-5,000.00%	$0.5000	$1.50	100%	2
SPRU	SPRUCE POWER HOLDING CORP	$79.96M	N/A	0.00%	N/A	N/A	N/A	N/A
INTJ	INTELLIGENT GROUP LTD	$14.74M	N/A	0.00%	N/A	N/A	N/A	N/A
MAXN	MAXEON SOLAR TECHNOLOGIES LTD	$110.31M	N/A	0.00%	N/A	N/A	N/A	N/A
EBON	EBANG INTERNATIONAL HOLDINGS INC	$51.37M	N/A	0.00%	N/A	N/A	N/A	N/A
OSS	ONE STOP SYSTEMS INC	$58.79M	N/A	0.00%	N/A	N/A	N/A	N/A
VHC	VIRNETX HOLDING CORP	$20.10M	N/A	-256.70%	$20.0000	N/A	N/A	0
FOUR	SHIFT4 PAYMENTS INC	$5.09B	N/A	0.00%	N/A	N/A	N/A	N/A
SWVL	SWVL HOLDINGS CORP	$73.72M	N/A	0.00%	N/A	N/A	N/A	N/A
KVHI	KVH INDUSTRIES INC	$93.91M	N/A	0.00%	N/A	N/A	N/A	N/A
SPWR	SUNPOWER CORP	$348.97M	N/A	0.00%	N/A	N/A	N/A	N/A
USIO	USIO INC	$38.86M	N/A	0.00%	N/A	N/A	N/A	N/A
QUIK	QUICKLOGIC CORP	$206.03M	N/A	0.00%	N/A	N/A	N/A	N/A
CNDT	CONDUENT INC	$642.52M	N/A	0.00%	N/A	N/A	N/A	N/A
ONDS	ONDAS HOLDINGS INC	$52.15M	N/A	0.00%	N/A	N/A	N/A	N/A
GEN	GEN DIGITAL INC	$13.14B	2.42%	22.30%	$0.1250	$0.50	47%	1

Tech Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Communication Equipment	65	+0.31%	+6.01%	-1.36%	-12.46%	11.59x	2.68x	+70.29%	+9.31%	+17.58%	+19.99%	Buy
Computer Hardware	38	+4.31%	+12.35%	-11.23%	+159.22%	38.37x	13.83x	-27.35%	+9.81%	+18.41%	+18.07%	Buy
Consumer Electronics	18	-0.40%	+1.90%	-3.07%	-5.43%	24.48x	20.71x	+149.67%	+28.22%	+53.07%	+24.37%	Buy
Electronic Components	44	+1.18%	+4.26%	-1.56%	+17.15%	25.95x	3.53x	+21.21%	+9.66%	+15.16%	+15.35%	Buy
Electronics & Computer Distribution	10	+0.10%	+2.48%	+0.38%	+38.33%	13.08x	1.36x	+12.28%	+3.94%	+12.67%	+3.08%	Hold
Information Technology Services	66	+0.06%	+0.75%	-5.13%	+15.50%	23.55x	4.51x	+25.53%	+7.94%	+16.36%	+17.16%	Buy
Scientific & Technical Instruments	33	+1.03%	+1.91%	-3.61%	+3.43%	-7.72x	3.09x	+9.11%	+6.17%	+9.01%	+10.94%	Buy
Semiconductor Equipment & Materials	29	+2.84%	+8.44%	-2.58%	+58.51%	39.68x	11.61x	+50.74%	+18.11%	+30.50%	+10.70%	Buy
Semiconductors	69	+3.12%	+11.44%	-1.24%	+41.38%	59.70x	7.96x	+52.19%	+30.05%	+33.79%	+13.53%	Buy
Software - Application	252	+0.47%	+3.25%	-8.89%	+28.13%	91.33x	6.53x	+7.71%	+4.52%	+7.12%	+19.86%	Buy
Software - Infrastructure	138	+1.21%	+3.76%	-4.42%	+18.44%	77.56x	11.33x	-37.66%	+15.05%	+24.39%	+19.81%	Buy
Solar	23	+2.96%	+3.82%	+0.53%	-48.93%	31.93x	2.50x	+11.78%	+7.31%	+11.13%	+37.25%	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. Himax Technologies (NASDAQ:HIMX)

Himax Technologies (NASDAQ:HIMX) is the second 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.

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

International Money Express's stock has dropped -15.1% in the past year. It has underperformed other stocks in the tech sector by -41 percentage points.

Are tech stocks a good buy now?

39.89% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 17.21% 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.