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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)
CPTN
CEPTON INC
United States
$47.60M15,920,9170.84%99.16%Net SellingNet Selling
BKSY
BLACKSKY TECHNOLOGY INC
United States
$179.90M146,262,69426.70%35.90%Net SellingNet Selling
SSTI
SOUNDTHINKING INC
United States
$173.13M12,786,84060.59%32.51%Net SellingNet Selling
STEM
STEM INC
United States
$291.88M157,773,62061.54%37.62%Net SellingNet Selling
VERX
VERTEX INC
United States
$4.51B154,334,58534.56%20.33%Net SellingNet Selling
FSLY
FASTLY INC
United States
$1.77B136,600,00059.16%40.84%Net SellingNet Selling
BMBL
BUMBLE INC
United States
$1.83B180,762,50170.20%0.96%Net SellingNet Selling
ASAN
ASANA INC
United States
$3.45B224,807,58325.66%30.47%Net BuyingNet Selling
LYFT
LYFT INC
United States
$6.34B399,806,63375.12%22.26%Net SellingNet Selling
VERB
VERB TECHNOLOGY COMPANY INC
United States
$11.50M79,300,7880.41%19.92%
AXTI
AXT INC
United States
$127.88M44,248,24849.52%9.74%
PYCR
PAYCOR HCM INC
United States
$3.07B178,030,05427.24%72.76%Net SellingNet Selling
BB
BLACKBERRY LTD
Canada
$1.67B589,233,60648.81%9.77%Net SellingNet Buying
BMR
BEAMR IMAGING LTD
Israel
$72.30M13,051,3430.70%0.00%
ASUR
ASURE SOFTWARE INC
United States
$190.45M25,530,08252.45%47.55%Net Buying
MMAT
META MATERIALS INC
Canada
$21.19M6,307,68424.74%75.26%Net Buying
OCFT
ONECONNECT FINANCIAL TECHNOLOGY CO LTD
China
$78.76M1,169,980,6530.13%0.00%
MVIS
MICROVISION INC
United States
$289.00M195,267,38530.79%14.18%Net SellingNet Selling
SOS
SOS LTD
China
$9.27M82,809,7990.17%0.00%
WEAV
WEAVE COMMUNICATIONS INC
United States
$771.24M70,561,45334.18%65.82%Net SellingNet Selling
AMBA
AMBARELLA INC
United States
$1.87B40,962,19169.44%30.56%Net SellingNet Selling
ITI
ITERIS INC
United States
$194.80M42,908,02437.73%62.27%Net SellingNet Selling
AMST
AMESITE INC
United States
$9.03M2,542,4400.87%99.13%Net Buying
INST
INSTRUCTURE HOLDINGS INC
United States
$2.82B145,207,49752.65%47.35%Net SellingNet Selling
AMPL
AMPLITUDE INC
United States
$1.18B120,415,87246.89%48.24%Net SellingNet Selling
BSY
BENTLEY SYSTEMS INC
United States
$15.30B297,326,34538.96%40.98%Net SellingNet Selling
AZPN
ASPEN TECHNOLOGY INC
United States
$12.40B63,548,82144.84%55.16%Net SellingNet Selling
CEVA
CEVA INC
United States
$468.18M23,633,38767.98%32.02%Net SellingNet Selling
CRDO
CREDO TECHNOLOGY GROUP HOLDING LTD
Cayman Islands
$2.82B163,290,61466.48%29.97%Net SellingNet Selling
CWAN
CLEARWATER ANALYTICS HOLDINGS INC
United States
$3.87B244,698,54062.61%15.85%Net SellingNet Selling
DAY
DAYFORCE INC
United States
$9.11B157,900,00077.84%22.16%Net SellingNet Selling
DGII
DIGI INTERNATIONAL INC
United States
$1.11B36,256,61294.60%5.40%Net SellingNet Selling
VICR
VICOR CORP
United States
$1.42B44,546,76044.80%22.62%Net SellingNet Buying
FIVN
FIVE9 INC
United States
$4.27B73,326,60868.60%31.40%Net SellingNet Selling
APPN
APPIAN CORP
United States
$2.70B73,401,08039.21%60.79%Net SellingNet Selling
GDS
GDS HOLDINGS LTD
China
$1.60B1,524,432,9914.34%0.00%
HUBS
HUBSPOT INC
United States
$30.71B50,674,49354.19%45.81%Net SellingNet Selling
KLTR
KALTURA INC
United States
$177.64M143,258,12730.78%53.81%Net BuyingNet Selling
VS
VERSUS SYSTEMS INC
Canada
$3.61M2,506,0151.03%0.11%
LUNA
LUNA INNOVATIONS INC
United States
$75.90M33,958,64159.77%26.60%Net BuyingNet Buying
SYTA
SIYATA MOBILE INC
Canada
$1.66M570,4620.32%0.00%
ISUN
ISUN INC
United States
$6.82M47,384,67211.78%20.62%Net Buying
LGL
LGL GROUP INC
United States
$30.63M5,373,05523.99%76.01%
ARQQ
ARQIT QUANTUM INC
United Kingdom
$75.23M163,554,2694.35%0.00%
SMSI
SMITH MICRO SOFTWARE INC
United States
$21.36M9,366,98825.87%74.13%Net SellingNet Selling
MX
MAGNACHIP SEMICONDUCTOR CORP
Luxembourg
$187.86M38,260,81449.86%50.14%Net SellingNet Buying
NEON
NEONODE INC
Sweden
$37.32M15,359,4810.35%99.65%
SMAR
SMARTSHEET INC
United States
$5.29B137,424,12889.13%9.59%Net SellingNet Selling
RVYL
RYVYL INC
United States
$8.57M5,995,9720.10%99.90%Net BuyingNet Buying
RGTI
RIGETTI COMPUTING INC
United States
$208.13M158,881,02232.41%24.40%Net SellingNet Selling
WKME
WALKME LTD
Israel
$703.29M90,864,66267.72%0.00%
STM
STMICROELECTRONICS NV
Netherlands
$34.97B902,771,0815.11%0.00%
WRNT
WARRANTEE INC
Japan
$7.26M22,404,0000.46%0.00%
DSP
VIANT TECHNOLOGY INC
United States
$516.21M63,494,5918.17%91.83%Net SellingNet Selling
ANY
SPHERE 3D CORP
Canada
$17.80M17,796,3264.38%10.22%Net Selling
AOSL
ALPHA & OMEGA SEMICONDUCTOR LTD
United States
$595.83M28,278,41361.09%38.91%Net SellingNet Selling
DUOT
DUOS TECHNOLOGIES GROUP INC
United States
$22.29M7,306,66312.96%87.04%Net BuyingNet Buying
PAR
PAR TECHNOLOGY CORP
United States
$1.18B28,039,52578.83%21.17%Net SellingNet Selling
ONTF
ON24 INC
United States
$285.05M41,674,05634.91%65.09%Net SellingNet Selling
ESTC
ELASTIC NV
Netherlands
$10.66B100,807,52353.93%46.07%Net SellingNet Selling
NTGR
NETGEAR INC
United States
$443.14M29,661,35182.84%9.74%Net SellingNet Selling
VNET
VNET GROUP INC
China
$439.82M1,513,609,2834.74%0.00%
NTWK
NETSOL TECHNOLOGIES INC
United States
$29.27M11,390,88816.02%23.37%Net BuyingNet Selling
PERF
PERFECT CORP
Taiwan
$234.25M101,848,67122.35%0.00%
REFR
RESEARCH FRONTIERS INC
United States
$53.28M33,509,2876.89%34.90%Net BuyingNet Buying
SPT
SPROUT SOCIAL INC
United States
$2.81B56,250,18659.10%40.90%Net SellingNet Selling
QUBT
QUANTUM COMPUTING INC
United States
$68.98M91,357,6403.50%28.35%Net Selling
SSYS
STRATASYS LTD
United States
$674.97M69,656,07456.97%0.00%
PI
IMPINJ INC
United States
$4.29B27,712,95341.49%58.51%Net BuyingNet Selling
WYY
WIDEPOINT CORP
United States
$17.78M8,843,6735.51%94.49%Net SellingNet Selling
OUST
OUSTER INC
United States
$378.24M40,671,37431.44%42.27%Net BuyingNet Selling
SPWR
SUNPOWER CORP
United States
$364.75M175,361,08810.62%89.38%Net BuyingNet Buying
INVE
IDENTIV INC
United States
$116.89M23,330,98010.50%89.50%Net Buying
CLBT
CELLEBRITE DI LTD
Israel
$2.21B205,297,06542.14%0.00%
ICG
INTCHAINS GROUP LTD
China
$456.13M119,876,0320.00%0.00%
GNSS
GENASYS INC
United States
$94.66M44,027,12134.58%65.42%Net BuyingNet Selling
MOB
MOBILICOM LTD
Australia
$5.47M1,326,676,6930.05%0.00%
SCKT
SOCKET MOBILE INC
United States
$8.15M7,547,3273.65%28.42%Net BuyingNet Buying
LITE
LUMENTUM HOLDINGS INC
United States
$2.93B67,400,00091.84%8.16%Net SellingNet Selling
ZUO
ZUORA INC
United States
$1.45B145,999,99973.73%5.72%Net SellingNet Selling
TWKS
THOUGHTWORKS HOLDING INC
United States
$748.74M322,732,69317.55%82.45%Net Selling
TGAN
TRANSPHORM INC
United States
$304.94M63,266,18046.66%53.34%Net BuyingNet Selling
RCAT
RED CAT HOLDINGS INC
Puerto Rico
$112.17M74,281,52021.73%28.96%Net SellingNet Selling
GDDY
GODADDY INC
United States
$17.42B142,478,40259.64%40.36%Net SellingNet Selling
LAES
SEALSQ CORP
Switzerland
$20.33M17,227,1220.54%0.00%
FOUR
SHIFT4 PAYMENTS INC
United States
$4.99B86,191,71468.55%3.85%Net SellingNet Selling
AIRG
AIRGAIN INC
United States
$54.62M10,504,59739.02%32.22%Net SellingNet Selling
TYGO
TIGO ENERGY INC
United States
$65.66M59,689,55315.04%84.96%Net BuyingNet Buying
XPER
XPERI INC
United States
$463.96M44,271,26396.48%3.52%Net SellingNet Selling
WATT
ENERGOUS CORP
United States
$8.21M6,082,6861.93%98.07%Net Buying
SILC
SILICOM LTD
Israel
$101.85M6,405,52348.22%10.08%
RMNI
RIMINI STREET INC
United States
$248.08M89,884,00066.02%28.67%Net SellingNet Selling
WKEY
WISEKEY INTERNATIONAL HOLDING SA
Switzerland
$16.66M4,551,2660.49%0.00%
MITQ
MOVING IMAGE TECHNOLOGIES INC
United States
$5.67M10,479,2172.23%70.05%Net SellingNet Selling
BLBX
BLACKBOXSTOCKS INC
United States
$8.68M3,226,1453.53%56.21%
MQ
MARQETA INC
United States
$2.83B513,811,11160.20%0.58%Net SellingNet Selling
BTDR
BITDEER TECHNOLOGIES GROUP
Singapore
$615.81M111,966,2984.90%1.82%
BIGC
BIGCOMMERCE HOLDINGS INC
United States
$446.58M76,600,00067.81%32.19%Net SellingNet Selling
TAOP
TAOPING INC
China
$3.18M2,891,8222.72%0.00%
CLPS
CLPS INC
Hong Kong
$24.59M25,616,0560.24%0.00%

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.