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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
CPTN
CEPTON INC
$47.60M$2.99$2.50-16.39%Hold183.82%N/AN/A-18.74%
BKSY
BLACKSKY TECHNOLOGY INC
$179.90M$1.23$2.75123.58%Strong Buy227.57%N/AN/AN/A
SSTI
SOUNDTHINKING INC
$173.13M$13.54$25.0084.64%Strong Buy212.87%N/AN/AN/A
STEM
STEM INC
$291.88M$1.85$3.2475.24%Hold630.76%N/AN/AN/A
VERX
VERTEX INC
$4.51B$29.21$36.3024.27%Buy1015.24%N/AN/AN/A
FSLY
FASTLY INC
$1.77B$12.93$17.4034.57%Buy513.55%N/AN/AN/A
BMBL
BUMBLE INC
$1.83B$10.12$16.3561.56%Buy1010.15%N/AN/AN/A
ASAN
ASANA INC
$3.45B$15.34$19.8029.07%Hold1014.07%N/AN/AN/A
LYFT
LYFT INC
$6.34B$15.86$16.322.93%Buy1714.28%N/AN/AN/A
VERB
VERB TECHNOLOGY COMPANY INC
$11.50M$0.15N/AN/AN/AN/AN/AN/AN/AN/A
AXTI
AXT INC
$127.88M$2.89$5.3885.99%Strong Buy425.35%N/AN/AN/A
PYCR
PAYCOR HCM INC
$3.07B$17.26$26.0050.64%Buy712.60%N/AN/AN/A
BB
BLACKBERRY LTD
$1.67B$2.84$3.2514.44%Hold2-10.65%N/AN/AN/A
BMR
BEAMR IMAGING LTD
$72.30M$5.54N/AN/AN/AN/AN/AN/AN/AN/A
ASUR
ASURE SOFTWARE INC
$190.45M$7.46$14.2591.02%Buy42.80%N/AN/AN/A
MMAT
META MATERIALS INC
$21.19M$3.36N/AN/AN/AN/A365.75%N/A57.51%22.84%
OCFT
ONECONNECT FINANCIAL TECHNOLOGY CO LTD
$78.76M$2.04$7.00243.14%Strong Buy17.11%N/AN/AN/A
MVIS
MICROVISION INC
$289.00M$1.48$3.00102.70%Hold1N/AN/AN/AN/A
SOS
SOS LTD
$9.27M$1.12N/AN/AN/AN/AN/AN/AN/AN/A
WEAV
WEAVE COMMUNICATIONS INC
$771.24M$10.93$16.0046.39%Strong Buy315.55%N/AN/AN/A
AMBA
AMBARELLA INC
$1.87B$45.56$73.8362.06%Buy625.37%N/AN/AN/A
ITI
ITERIS INC
$194.80M$4.54$8.8394.56%Strong Buy310.44%N/AN/AN/A
AMST
AMESITE INC
$9.03M$3.55N/AN/AN/AN/AN/AN/AN/AN/A
INST
INSTRUCTURE HOLDINGS INC
$2.82B$19.45$29.6052.19%Strong Buy516.68%N/AN/AN/A
AMPL
AMPLITUDE INC
$1.18B$9.80$11.3315.64%Sell39.21%N/AN/AN/A
BSY
BENTLEY SYSTEMS INC
$15.30B$51.47$60.4017.35%Strong Buy510.99%-21.90%31.31%8.33%
AZPN
ASPEN TECHNOLOGY INC
$12.40B$195.18$203.674.35%Buy3N/AN/AN/AN/A
CEVA
CEVA INC
$468.18M$19.81$28.0041.34%Strong Buy15.87%N/AN/AN/A
CRDO
CREDO TECHNOLOGY GROUP HOLDING LTD
$2.82B$17.25$27.2057.68%Strong Buy540.61%N/AN/AN/A
CWAN
CLEARWATER ANALYTICS HOLDINGS INC
$3.87B$15.82$22.5042.23%Buy419.31%N/AN/AN/A
DAY
DAYFORCE INC
$9.11B$57.69$77.2933.97%Buy712.59%N/AN/AN/A
DGII
DIGI INTERNATIONAL INC
$1.11B$30.72$36.3318.27%Strong Buy30.37%N/AN/AN/A
VICR
VICOR CORP
$1.42B$31.82$35.009.99%Hold1N/AN/AN/AN/A
FIVN
FIVE9 INC
$4.27B$58.24$85.6447.04%Strong Buy1116.74%N/AN/AN/A
APPN
APPIAN CORP
$2.70B$36.73$48.0030.68%Buy512.92%N/AN/AN/A
GDS
GDS HOLDINGS LTD
$1.60B$8.42$12.3846.97%Buy214.65%N/AN/AN/A
HUBS
HUBSPOT INC
$30.71B$606.09$647.906.90%Buy1918.15%N/AN/AN/A
KLTR
KALTURA INC
$177.64M$1.24$3.25162.10%Sell20.25%N/AN/AN/A
VS
VERSUS SYSTEMS INC
$3.61M$1.44N/AN/AN/AN/AN/AN/AN/AN/A
LUNA
LUNA INNOVATIONS INC
$75.90M$2.24$8.00257.94%Buy118.45%N/AN/AN/A
SYTA
SIYATA MOBILE INC
$1.66M$2.91N/AN/AN/AN/A149.59%N/AN/AN/A
ISUN
ISUN INC
$6.82M$0.14N/AN/AN/AN/A17.74%N/AN/AN/A
LGL
LGL GROUP INC
$30.63M$5.70N/AN/AN/AN/AN/AN/AN/AN/A
ARQQ
ARQIT QUANTUM INC
$75.23M$0.46$3.00552.17%Buy1N/AN/A62.82%41.96%
SMSI
SMITH MICRO SOFTWARE INC
$21.36M$2.28$20.00777.19%Strong Buy1-25.58%N/AN/AN/A
MX
MAGNACHIP SEMICONDUCTOR CORP
$187.86M$4.91$10.00103.67%Strong Buy23.11%N/AN/AN/A
NEON
NEONODE INC
$37.32M$2.43N/AN/AN/AN/AN/AN/AN/AN/A
SMAR
SMARTSHEET INC
$5.29B$38.48$48.8726.99%Strong Buy1515.19%N/AN/AN/A
RVYL
RYVYL INC
$8.57M$1.43N/AN/AN/AN/AN/AN/AN/AN/A
RGTI
RIGETTI COMPUTING INC
$208.13M$1.31$3.17141.76%Strong Buy3N/AN/A-43.49%-29.81%
WKME
WALKME LTD
$703.29M$7.74$13.9279.81%Hold69.14%N/AN/AN/A
STM
STMICROELECTRONICS NV
$34.97B$38.74$55.0041.97%Strong Buy1-1.39%-11.47%N/AN/A
WRNT
WARRANTEE INC
$7.26M$0.32N/AN/AN/AN/AN/AN/AN/AN/A
DSP
VIANT TECHNOLOGY INC
$516.21M$8.13$11.6042.68%Buy5-30.31%N/AN/AN/A
ANY
SPHERE 3D CORP
$17.80M$1.00$5.00400.00%Buy1N/AN/AN/AN/A
AOSL
ALPHA & OMEGA SEMICONDUCTOR LTD
$595.83M$21.07$30.0042.38%Buy34.62%N/AN/AN/A
DUOT
DUOS TECHNOLOGIES GROUP INC
$22.29M$3.05N/AN/AN/AN/A119.91%N/AN/AN/A
PAR
PAR TECHNOLOGY CORP
$1.18B$42.20$55.2530.92%Buy417.17%N/AN/AN/A
ONTF
ON24 INC
$285.05M$6.84$9.0031.58%Hold1-11.94%N/AN/AN/A
ESTC
ELASTIC NV
$10.66B$105.75$118.2911.85%Strong Buy1418.34%N/AN/AN/A
NTGR
NETGEAR INC
$443.14M$14.94$30.00100.80%Buy14.77%N/AN/AN/A
VNET
VNET GROUP INC
$439.82M$1.74N/AN/AN/AN/A10.88%N/AN/AN/A
NTWK
NETSOL TECHNOLOGIES INC
$29.27M$2.57N/AN/AN/AN/AN/AN/AN/AN/A
PERF
PERFECT CORP
$234.25M$2.30$3.0030.43%Hold110.03%N/AN/AN/A
REFR
RESEARCH FRONTIERS INC
$53.28M$1.59N/AN/AN/AN/AN/AN/AN/AN/A
SPT
SPROUT SOCIAL INC
$2.81B$49.91$73.4647.17%Strong Buy1128.58%N/AN/AN/A
QUBT
QUANTUM COMPUTING INC
$68.98M$0.76$8.751,058.94%Buy1N/AN/AN/AN/A
SSYS
STRATASYS LTD
$674.97M$9.69$19.50101.24%Strong Buy25.40%N/AN/AN/A
PI
IMPINJ INC
$4.29B$154.66$153.00-1.07%Strong Buy719.92%N/AN/AN/A
WYY
WIDEPOINT CORP
$17.78M$2.01N/AN/AN/AN/AN/AN/AN/AN/A
OUST
OUSTER INC
$378.24M$9.30$10.007.53%Strong Buy4N/AN/AN/AN/A
SPWR
SUNPOWER CORP
$364.75M$2.08$3.6273.89%Sell15-0.64%N/AN/AN/A
INVE
IDENTIV INC
$116.89M$5.01$9.5089.62%Strong Buy10.53%N/AN/AN/A
CLBT
CELLEBRITE DI LTD
$2.21B$10.75$13.5025.58%Strong Buy517.40%N/AN/AN/A
ICG
INTCHAINS GROUP LTD
$456.13M$7.61N/AN/AN/AN/AN/AN/AN/AN/A
GNSS
GENASYS INC
$94.66M$2.15$3.5062.79%Strong Buy119.96%N/AN/AN/A
MOB
MOBILICOM LTD
$5.47M$1.03N/AN/AN/AN/AN/AN/AN/AN/A
SCKT
SOCKET MOBILE INC
$8.15M$1.08N/AN/AN/AN/AN/AN/AN/AN/A
LITE
LUMENTUM HOLDINGS INC
$2.93B$43.52$54.7525.80%Buy87.68%N/AN/AN/A
ZUO
ZUORA INC
$1.45B$9.91$12.0021.09%Strong Buy47.40%N/AN/AN/A
TWKS
THOUGHTWORKS HOLDING INC
$748.74M$2.32$4.2382.11%Hold4-2.00%N/AN/AN/A
TGAN
TRANSPHORM INC
$304.94M$4.82N/AN/AN/AN/A72.33%N/AN/AN/A
RCAT
RED CAT HOLDINGS INC
$112.17M$1.51N/AN/AN/AN/AN/AN/AN/AN/A
GDDY
GODADDY INC
$17.42B$122.29$135.1810.54%Strong Buy116.80%-4.56%N/AN/A
LAES
SEALSQ CORP
$20.33M$1.18N/AN/AN/AN/AN/AN/AN/AN/A
FOUR
SHIFT4 PAYMENTS INC
$4.99B$57.89$87.1550.55%Strong Buy13-20.80%-22.54%N/AN/A
AIRG
AIRGAIN INC
$54.62M$5.20$6.0015.38%Buy112.06%N/AN/AN/A
TYGO
TIGO ENERGY INC
$65.66M$1.10$3.60227.27%Buy23.42%N/AN/AN/A
XPER
XPERI INC
$463.96M$10.48$15.0043.13%Strong Buy1N/AN/AN/AN/A
WATT
ENERGOUS CORP
$8.21M$1.35$2.0048.15%Hold1241.64%N/AN/AN/A
SILC
SILICOM LTD
$101.85M$15.90N/AN/AN/AN/AN/AN/AN/AN/A
RMNI
RIMINI STREET INC
$248.08M$2.76N/AN/AN/AN/AN/AN/AN/AN/A
WKEY
WISEKEY INTERNATIONAL HOLDING SA
$16.66M$1.83N/AN/AN/AN/AN/AN/AN/AN/A
MITQ
MOVING IMAGE TECHNOLOGIES INC
$5.67M$0.54N/AN/AN/AN/AN/AN/AN/AN/A
BLBX
BLACKBOXSTOCKS INC
$8.68M$2.69N/AN/AN/AN/AN/AN/AN/AN/A
MQ
MARQETA INC
$2.83B$5.50$7.7540.91%Strong Buy10-1.01%N/AN/AN/A
BTDR
BITDEER TECHNOLOGIES GROUP
$615.81M$5.50$14.42162.13%Strong Buy632.98%N/AN/AN/A
BIGC
BIGCOMMERCE HOLDINGS INC
$446.58M$5.83$10.0071.53%Hold7N/AN/AN/AN/A
TAOP
TAOPING INC
$3.18M$1.10N/AN/AN/AN/AN/AN/AN/AN/A
CLPS
CLPS INC
$24.59M$0.96N/AN/AN/AN/AN/AN/AN/AN/A

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65-0.49%+4.00%-2.70%-11.89%11.37x2.63x+69.12%+9.27%+17.45%+22.46%Buy
38-7.27%-1.08%-18.98%+127.89%34.70x13.17x-27.45%+9.84%+18.53%+28.80%Buy
18-0.09%+0.79%-1.64%-7.22%24.45x20.75x+149.61%+28.21%+53.04%+24.49%Buy
44-0.55%+0.19%-4.13%+12.51%26.60x3.50x+20.91%+9.53%+14.93%+17.12%Buy
10-2.16%-3.33%-4.61%+30.12%12.60x1.31x+12.21%+3.91%+12.62%+6.41%Hold
66-0.54%-2.71%-7.76%+9.88%26.25x4.40x+24.77%+8.20%+16.59%+19.92%Buy
33+0.93%+2.78%-4.14%+2.19%13.88x3.13x+9.49%+6.51%+9.35%+9.93%Buy
29-2.66%-1.04%-9.73%+43.71%35.84x10.95x+51.03%+18.27%+30.81%+17.21%Buy
69-3.63%+0.44%-7.71%+32.21%52.49x7.55x+52.10%+30.02%+33.81%+20.46%Buy
252-0.25%-3.79%-10.14%+20.74%85.72x6.35x+6.21%+4.22%+7.06%+24.31%Buy
138+0.23%-2.35%-6.41%+16.03%69.87x11.04x-39.05%+15.05%+24.40%+22.66%Buy
23-0.53%+0.30%-8.87%-48.51%29.03x2.42x+12.55%+7.80%+12.04%+38.77%Buy

Tech Stocks FAQ

What are the best tech stocks to buy right now in May 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 29.57% over the past year, overperforming other tech stocks by 10 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, an upside of 18.76% from Logitech International Sa's current stock price of $79.01.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Logitech International Sa, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 50% 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 31.08% over the past year, overperforming other tech stocks by 12 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -29.58% from Full Truck Alliance Co's current stock price of $8.52.

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. Exlservice Holdings (NASDAQ:EXLS)


Exlservice Holdings (NASDAQ:EXLS) 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. Exlservice Holdings has seen its stock lose -17.17% over the past year, underperforming other tech stocks by -36 percentage points.

Exlservice Holdings has an average 1 year price target of $37.00, an upside of 27.28% from Exlservice Holdings's current stock price of $29.07.

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 119 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 4.53%. 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. Wisekey International Holding Sa (NASDAQ:WKEY)


Wisekey International Holding Sa (NASDAQ:WKEY) has an annual dividend yield of 153.01%, which is 148 percentage points higher than the tech sector average of 4.53%.

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 145.63%, which is 141 percentage points higher than the tech sector average of 4.53%. 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.

Why are tech stocks down?

Tech stocks were down -1.21% in the last day, and down -1.7% over the last week. Cemtrex was the among the top losers in the technology sector, dropping -73.25% yesterday.

Cemtrex shares are trading lower after the company announced pricing of a $10 million upsized underwritten public offering.

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 77 points higher than the tech sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -17.38% in the past year. It has underperformed other stocks in the tech sector by -37 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 77 points higher than the tech sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -24.58% in the past year. It has underperformed other stocks in the tech sector by -44 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 77 points higher than the tech sector average of 23. It passed 7 out of 7 valuation due diligence checks.

International Money Express's stock has dropped -21.86% in the past year. It has underperformed other stocks in the tech sector by -41 percentage points.

Are tech stocks a good buy now?

40% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 21.59% 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 52.33x.
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.