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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
SWVL
SWVL HOLDINGS CORP
NASDAQ
Software - Application
$64.29M$9.4825.23%$48.53M0.25x3.67
SNOW
SNOWFLAKE INC
NYSE
Software - Application
$49.60B$148.41-0.26%-$674.54M-58.20x0.59
CLRO
CLEARONE INC
NASDAQ
Communication Equipment
$23.20M$0.972.54%$1.75M-48.40x0.13
KVHI
KVH INDUSTRIES INC
NASDAQ
Communication Equipment
$96.07M$4.89-0.31%-$1.67M-6.04x0.17
AIP
ARTERIS INC
NASDAQ
Semiconductors
$253.97M$6.71-0.59%-$31.79M-6.51x5.81
DAVE
DAVE INC
NASDAQ
Software - Application
$417.47M$34.110.62%-$31.10M-8.38x2.38
LTRX
LANTRONIX INC
NASDAQ
Communication Equipment
$118.05M$3.151.29%$944.00k-12.60x0.98
VERX
VERTEX INC
NASDAQ
Software - Application
$4.48B$29.05-0.55%$59.54M-322.78x2.00
SSTI
SOUNDTHINKING INC
NASDAQ
Software - Application
$170.96M$13.370.45%$9.17M-60.77x0.86
ONDS
ONDAS HOLDINGS INC
NASDAQ
Communication Equipment
$61.01M$0.933.33%-$34.64M-1.06x1.42
SMWB
SIMILARWEB LTD
NYSE
Software - Application
$592.24M$7.53-1.83%-$18.55M-19.82x14.37
BILL
BILL HOLDINGS INC
NYSE
Software - Application
$6.41B$60.99-2.29%-$2.42M-56.47x1.50
STEM
STEM INC
NYSE
Software - Infrastructure
$250.86M$1.590.63%-$75.80M-1.77x2.18
GEN
GEN DIGITAL INC
NASDAQ
Software - Infrastructure
$12.98B$20.380.05%$1.61B9.10x5.73
BKSY
BLACKSKY TECHNOLOGY INC
NYSE
Scientific & Technical Instruments
$172.59M$1.18-0.84%$434.00k-2.95x1.41
ML
MONEYLION INC
NYSE
Software - Application
$761.19M$72.370.04%$7.17M-15.63x1.00
MMAT
META MATERIALS INC
NASDAQ
Electronic Components
$16.53M$2.62-3.68%-$385.64M-0.04x1.52
BLKB
BLACKBAUD INC
NASDAQ
Software - Application
$4.10B$76.71-1.04%$167.05M2,557.00x2.60
ITI
ITERIS INC
NASDAQ
Communication Equipment
$196.95M$4.59-0.86%$7.61M76.50x0.72
OCFT
ONECONNECT FINANCIAL TECHNOLOGY CO LTD
NYSE
Software - Application
$70.27M$1.822.25%N/A-1.32x1.73
WEAV
WEAVE COMMUNICATIONS INC
NYSE
Software - Application
$774.76M$10.980.09%-$13.02M-23.87x1.55
LSAK
LESAKA TECHNOLOGIES INC
NASDAQ
Software - Infrastructure
$262.64M$4.213.19%-$3.10M-10.27x1.77
LYFT
LYFT INC
NASDAQ
Software - Application
$6.68B$16.71-3.47%-$188.97M-18.99x7.43
PYCR
PAYCOR HCM INC
NASDAQ
Software - Application
$2.97B$16.68-1.94%$53.03M-34.75x1.20
AWRE
AWARE INC
NASDAQ
Software - Application
$35.63M$1.690.60%-$6.44M-4.83x0.35
BMR
BEAMR IMAGING LTD
NASDAQ
Software - Application
$75.70M$5.80-6.45%-$852.00k-96.67x0.12
ASAN
ASANA INC
NYSE
Software - Application
$3.09B$13.730.07%-$216.94M-11.74x1.95
BB
BLACKBERRY LTD
NYSE
Software - Infrastructure
$1.64B$2.791.09%-$47.00M-12.68x0.80
MEI
METHODE ELECTRONICS INC
NYSE
Electronic Components
$435.30M$12.300.65%$12.40M-7.59x0.79
AMST
AMESITE INC
NASDAQ
Software - Application
$4.96M$1.95-0.51%-$3.06M-1.73x0.04
KTCC
KEY TRONIC CORP
NASDAQ
Computer Hardware
$48.64M$4.520.44%$35.59M11.02x1.86
AXTI
AXT INC
NASDAQ
Semiconductor Equipment & Materials
$130.09M$2.941.03%-$7.47M-7.00x0.44
SOS
SOS LTD
NYSE
Software - Infrastructure
$9.44M$1.142.70%-$219.24M-0.03x0.10
CRNT
CERAGON NETWORKS LTD
NASDAQ
Communication Equipment
$230.63M$2.70-3.23%$31.18M38.57x1.23
VERB
VERB TECHNOLOGY COMPANY INC
NASDAQ
Software - Application
$13.96M$0.189.32%-$18.47M-0.05x2.47
SKYT
SKYWATER TECHNOLOGY INC
NASDAQ
Semiconductors
$408.03M$8.63-1.48%$8.48M-12.69x4.77
NOVT
NOVANTA INC
NASDAQ
Scientific & Technical Instruments
$5.38B$150.02-2.90%$156.18M73.90x0.82
MSTR
MICROSTRATEGY INC
NASDAQ
Software - Application
$20.50B$1,208.161.69%-$52.40M38.49x1.20
AMBA
AMBARELLA INC
NASDAQ
Semiconductor Equipment & Materials
$1.74B$42.44-2.79%-$123.72M-9.99x0.18
BMBL
BUMBLE INC
NASDAQ
Software - Application
$1.85B$10.241.39%$96.04M-341.33x0.79
INTA
INTAPP INC
NASDAQ
Software - Application
$2.23B$30.86-1.12%-$34.50M-38.58x0.76
MVIS
MICROVISION INC
NASDAQ
Scientific & Technical Instruments
$285.09M$1.461.39%-$73.83M-3.24x0.35
CLBT
CELLEBRITE DI LTD
NASDAQ
Software - Infrastructure
$2.13B$10.380.00%$43.25M-24.14x14.58
AZPN
ASPEN TECHNOLOGY INC
NASDAQ
Software - Application
$12.49B$196.59-0.45%$367.79M-145.62x0.11
LGL
LGL GROUP INC
NYSEMKT
Electronic Components
$30.25M$5.634.07%$571.00k112.60x0.03
TRMB
TRIMBLE INC
NASDAQ
Scientific & Technical Instruments
$14.22B$57.86-1.08%$768.60M45.92x1.12
SMSI
SMITH MICRO SOFTWARE INC
NASDAQ
Software - Application
$20.84M$2.2314.10%-$10.68M-0.73x0.14
MX
MAGNACHIP SEMICONDUCTOR CORP
NYSE
Semiconductors
$186.33M$4.87-1.22%-$30.05M-5.47x0.22
ARQQ
ARQIT QUANTUM INC
NASDAQ
Software - Infrastructure
$81.29M$0.500.40%-$87.81M-0.71x0.50
ATGL
ALPHA TECHNOLOGY GROUP LTD
NASDAQ
Software - Infrastructure
$32.97M$2.16-3.14%-$733.22k-16.88x1.09
DUOT
DUOS TECHNOLOGIES GROUP INC
NASDAQ
Software - Application
$22.25M$3.05-0.16%-$10.37M-1.95x1.39
ISUN
ISUN INC
NASDAQ
Solar
$7.68M$0.16-6.36%-$13.97MN/A4.08
NEON
NEONODE INC
NASDAQ
Electronic Components
$25.04M$1.6318.98%-$9.85M-2.47x0.11
SMAR
SMARTSHEET INC
NYSE
Software - Application
$5.14B$37.42-0.74%-$57.12M-47.97x1.21
ATOM
ATOMERA INC
NASDAQ
Semiconductor Equipment & Materials
$153.06M$5.751.95%-$18.16M-7.19x0.32
INST
INSTRUCTURE HOLDINGS INC
NYSE
Software - Application
$2.79B$19.220.10%$151.44M-80.08x0.68
UEIC
UNIVERSAL ELECTRONICS INC
NASDAQ
Consumer Electronics
$132.40M$10.21-1.45%-$65.00M-1.34x0.99
CAN
CANAAN INC
NASDAQ
Computer Hardware
$232.51M$0.92-17.12%-$403.37M-0.38x0.42
VS
VERSUS SYSTEMS INC
NASDAQ
Software - Application
$3.23M$1.290.78%-$8.04M-0.12x0.03
AOSL
ALPHA & OMEGA SEMICONDUCTOR LTD
NASDAQ
Semiconductors
$566.13M$20.02-3.10%$36.94M-32.82x0.32
SYTA
SIYATA MOBILE INC
NASDAQ
Communication Equipment
$1.55M$2.71-6.55%-$7.60M-0.07x0.60
RVYL
RYVYL INC
NASDAQ
Software - Infrastructure
$7.38M$1.23-12.14%-$46.57M-0.12x4.48
BSY
BENTLEY SYSTEMS INC
NASDAQ
Software - Application
$15.48B$52.063.89%$295.20M49.58x2.76
CRDO
CREDO TECHNOLOGY GROUP HOLDING LTD
NASDAQ
Communication Equipment
$2.94B$17.99-3.23%-$21.65M-78.22x0.11
ANY
SPHERE 3D CORP
NASDAQ
Software - Application
$19.40M$1.092.83%-$17.08M-0.56x0.20
NXTT
NEXT TECHNOLOGY HOLDING INC
NASDAQ
Software - Application
$13.91M$5.30-5.05%-$4.23M-132.50x0.08
CEVA
CEVA INC
NASDAQ
Semiconductors
$452.82M$19.16-1.89%$3.24M-37.57x0.15
PAR
PAR TECHNOLOGY CORP
NYSE
Software - Application
$1.12B$40.11-1.59%-$33.35M-15.85x1.41
LUNA
LUNA INNOVATIONS INC
NASDAQ
Scientific & Technical Instruments
$95.08M$2.801.45%$5.03M-35.00x0.75
RGTI
RIGETTI COMPUTING INC
NASDAQ
Computer Hardware
$185.89M$1.17-0.85%-$60.22M-2.05x0.46
DGII
DIGI INTERNATIONAL INC
NASDAQ
Communication Equipment
$1.07B$29.60-1.86%$74.31M65.78x0.53
DAY
DAYFORCE INC
NYSE
Software - Application
$9.54B$60.95-0.64%$264.60M174.14x2.76
WKME
WALKME LTD
NASDAQ
Software - Application
$726.01M$7.992.17%-$61.11M-11.93x0.71
ASX
ASE TECHNOLOGY HOLDING CO LTD
NYSE
Semiconductors
$9.08B$10.35-2.27%$3.39B7.78x1.20
CWAN
CLEARWATER ANALYTICS HOLDINGS INC
NYSE
Software - Application
$3.99B$16.310.12%-$10.26M-148.27x0.42
HUBS
HUBSPOT INC
NYSE
Software - Application
$32.92B$649.582.55%-$81.23M-184.02x1.33
AEYE
AUDIOEYE INC
NASDAQ
Software - Application
$152.16M$13.014.41%-$3.34M-26.02x2.80
GDS
GDS HOLDINGS LTD
NASDAQ
Information Technology Services
$1.22B$6.412.56%$160.33M-1.95x2.88
WRNT
WARRANTEE INC
NASDAQ
Software - Application
$10.24M$0.4642.81%$422.57k32.64x65.34
BAND
BANDWIDTH INC
NASDAQ
Software - Infrastructure
$461.05M$17.552.27%$23.22M-27.42x2.70
LAES
SEALSQ CORP
NASDAQ
Semiconductors
$18.43M$1.070.94%-$1.78M-5.10x4.55
LITE
LUMENTUM HOLDINGS INC
NASDAQ
Communication Equipment
$2.86B$42.441.10%$31.00M-10.77x2.64
NTWK
NETSOL TECHNOLOGIES INC
NASDAQ
Software - Application
$30.53M$2.680.37%$2.17M-15.14x0.55
FARO
FARO TECHNOLOGIES INC
NASDAQ
Scientific & Technical Instruments
$347.52M$18.32-0.43%-$35.34M-6.13x0.88
CREX
CREATIVE REALITIES INC
NASDAQ
Software - Application
$32.49M$3.11-0.16%$3.36M-8.89x1.46
PI
IMPINJ INC
NASDAQ
Communication Equipment
$3.32B$122.081.66%-$25.22M-75.36x9.53
WYY
WIDEPOINT CORP
NYSEMKT
Information Technology Services
$17.51M$1.98-2.94%-$302.84k-4.30x2.50
GDDY
GODADDY INC
NYSE
Software - Infrastructure
$17.29B$121.35-0.83%$753.30M13.09x120.62
MXL
MAXLINEAR INC
NASDAQ
Semiconductors
$1.66B$20.27-1.41%$18.41M-22.27x0.57
MOB
MOBILICOM LTD
NASDAQ
Communication Equipment
$5.63M$1.063.41%N/A-0.01x0.41
AIRG
AIRGAIN INC
NASDAQ
Communication Equipment
$55.99M$5.33-3.27%-$8.67M-4.44x0.34
RCAT
RED CAT HOLDINGS INC
NASDAQ
Computer Hardware
$78.74M$1.06-25.35%-$26.90M-2.04x0.12
TGAN
TRANSPHORM INC
NASDAQ
Semiconductor Equipment & Materials
$303.68M$4.800.00%-$31.48M-6.86x0.79
TTMI
TTM TECHNOLOGIES INC
NASDAQ
Electronic Components
$1.43B$14.07-0.28%$147.58M-78.17x1.20
FOUR
SHIFT4 PAYMENTS INC
NYSE
Software - Infrastructure
$5.34B$61.90-0.93%$329.50M42.69x3.86
INVE
IDENTIV INC
NASDAQ
Computer Hardware
$113.16M$4.850.21%-$2.17M-16.72x0.48
REFR
RESEARCH FRONTIERS INC
NASDAQ
Electronic Components
$53.28M$1.59-3.05%-$1.74M-26.50x0.10
UCTT
ULTRA CLEAN HOLDINGS INC
NASDAQ
Semiconductor Equipment & Materials
$1.81B$40.50-3.23%$90.30M-57.86x1.16
SSYS
STRATASYS LTD
NASDAQ
Computer Hardware
$691.68M$9.931.43%-$71.31M-5.55x0.28
ZUO
ZUORA INC
NYSE
Software - Infrastructure
$1.35B$9.27-2.01%-$42.34M-18.92x5.16

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65-0.40%-5.38%-3.86%-21.69%17.62x2.65x+69.30%+9.36%+17.57%+23.54%Buy
38-2.15%-4.77%-6.05%+141.60%40.91x13.52x-25.84%+9.69%+18.06%+11.62%Buy
18-0.19%-4.12%-5.44%-7.58%24.14x20.44x+149.62%+28.21%+53.05%+25.53%Buy
44-0.32%-5.41%-3.37%+6.87%25.33x3.40x+21.37%+9.46%+14.52%+17.23%Buy
10-0.46%-7.69%+0.88%+20.85%12.74x1.31x+12.26%+3.93%+12.64%+6.32%Hold
66-0.33%-4.66%-7.75%+8.50%23.62x4.52x+25.72%+7.96%+16.31%+18.48%Buy
33+0.75%-3.52%-3.23%-2.60%-4.97x3.07x+9.30%+6.23%+9.09%+11.65%Buy
29-2.09%-8.74%-4.74%+45.05%37.88x11.10x+51.32%+18.23%+30.91%+14.59%Buy
69-1.72%-8.54%-4.42%+23.58%59.50x7.66x+52.29%+30.14%+33.96%+20.84%Strong Buy
249+0.12%-6.88%-6.21%+18.58%98.93x6.39x+7.23%+4.59%+7.46%+19.49%Buy
138-0.38%-5.41%-6.47%+11.58%75.98x11.64x-37.66%+15.36%+24.59%+22.63%Buy
23-2.27%-10.05%-2.57%-57.89%25.36x2.43x+16.22%+8.69%+12.85%+44.76%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 69, which is 39 points higher than the tech sector average of 30. It passed 25 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 31.63% over the past year, overperforming other tech stocks by 16 percentage points.

Logitech International Sa has an average 1 year price target of $96.17, an upside of 23.16% from Logitech International Sa's current stock price of $78.08.

Logitech International Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Logitech International Sa, 50% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a Hold, while 0% have issued a Sell rating, and 16.67% 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 4.64% over the past year, underperforming other tech stocks by -11 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -21.67% from Full Truck Alliance Co's current stock price of $7.66.

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. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the third 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. Agilysys has seen its stock lose -3.15% over the past year, underperforming other tech stocks by -18 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 22.32% from Agilysys's current stock price of $81.75.

Agilysys stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Agilysys, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% 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 4.43%. 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 154.96%, which is 151 percentage points higher than the tech sector average of 4.43%. 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 128.44%, which is 124 percentage points higher than the tech sector average of 4.43%.

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 down?

Tech stocks were down -0.62% in the last day, and down -6.55% over the last week. Canaan was the among the top losers in the technology sector, dropping -17.12% yesterday.

Canaan shares are trading lower after the company filed a prospectus related to a mixed shelf of up to $300 million.

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 74 points higher than the tech sector average of 26. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -23.82% in the past year. It has underperformed other stocks in the tech sector by -39 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 74 points higher than the tech sector average of 26. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 179.16% in the past year. It has overperformed other stocks in the tech sector by 164 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 74 points higher than the tech sector average of 26. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -31.26% in the past year. It has underperformed other stocks in the tech sector by -46 percentage points.

Are tech stocks a good buy now?

40.48% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 19.22% 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 57.66x.
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.