WallStreetZenWallStreetZen

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
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
MOB
MOBILICOM LTD
NASDAQ
Communication Equipment
$5.73M$1.08-1.82%N/A-0.01x0.41
JG
AURORA MOBILE LTD
NASDAQ
Software - Infrastructure
$17.80M$3.010.67%-$6.03M-2.09x3.35
SILC
SILICOM LTD
NASDAQ
Communication Equipment
$102.50M$15.21-1.11%-$24.81M-3.86x0.13
CMBM
CAMBIUM NETWORKS CORP
NASDAQ
Communication Equipment
$99.18M$3.567.88%-$56.78M-1.27x1.69
ALAR
ALARUM TECHNOLOGIES LTD
NASDAQ
Software - Infrastructure
$166.99M$27.98-3.52%-$5.45M-19.99x0.52
BTDR
BITDEER TECHNOLOGIES GROUP
NASDAQ
Software - Application
$710.99M$6.35-1.70%$24.57M-12.45x0.92
WKEY
WISEKEY INTERNATIONAL HOLDING SA
NASDAQ
Semiconductors
$18.66M$2.051.99%-$39.08M-0.27x1.09
TAOP
TAOPING INC
NASDAQ
Software - Infrastructure
$2.83M$0.98-5.77%$2.88M-8.17x1.57
IIIV
I3 VERTICALS INC
NASDAQ
Software - Infrastructure
$770.91M$23.10-0.22%$67.80M1,155.00x2.22
DBX
DROPBOX INC
NASDAQ
Software - Infrastructure
$8.31B$24.150.92%$748.50M18.16x-19.00
NYAX
NAYAX LTD
NASDAQ
Information Technology Services
$844.90M$25.35-2.87%$121.00k-52.93x2.32
WATT
ENERGOUS CORP
NASDAQ
Scientific & Technical Instruments
$8.27M$1.360.74%-$19.18M-0.33x0.45
FTFT
FUTURE FINTECH GROUP INC
NASDAQ
Software - Application
$17.77M$0.895.83%-$33.32M-0.39x0.42
LINK
INTERLINK ELECTRONICS INC
NASDAQ
Electronic Components
$54.82M$5.56-14.33%$188.00k-69.50x0.16
XRX
XEROX HOLDINGS CORP
NASDAQ
Information Technology Services
$1.74B$14.00-1.27%$223.00M-155.56x2.85
BLBX
BLACKBOXSTOCKS INC
NASDAQ
Software - Application
$8.71M$2.701.50%-$4.62M-1.86x0.35
MITQ
MOVING IMAGE TECHNOLOGIES INC
NYSEMKT
Communication Equipment
$5.34M$0.51-2.86%-$1.78M-2.68x0.75
SPI
SPI ENERGY CO LTD
NASDAQ
Solar
$15.33M$0.49-3.77%-$6.82M-0.53x17.06
SOPA
SOCIETY PASS INCORPORATED
NASDAQ
Software - Application
$5.40M$0.14-4.67%-$16.84M-0.23x2.14
ALLT
ALLOT LTD
NASDAQ
Software - Infrastructure
$82.51M$2.150.47%-$56.80M-1.30x1.78
BLKB
BLACKBAUD INC
NASDAQ
Software - Application
$4.17B$77.95-0.42%$167.05M2,598.33x2.60
MQ
MARQETA INC
NASDAQ
Software - Infrastructure
$2.78B$5.410.93%-$217.31M-12.88x0.28
CLPS
CLPS INC
NASDAQ
Information Technology Services
$23.93M$0.93-6.60%N/A-9.34x0.63
PSQH
PSQ HOLDINGS INC
NYSE
Software - Application
$114.56M$4.05-5.81%-$50.49M-1.67x1.42
CTM
CASTELLUM INC
NYSEMKT
Information Technology Services
$14.00M$0.266.45%-$13.28M-0.69x1.33
EB
EVENTBRITE INC
NYSE
Software - Application
$548.05M$5.383.46%$5.59M-20.69x3.76
KOPN
KOPIN CORP
NASDAQ
Electronic Components
$92.85M$0.78-3.57%-$18.98M-4.36x0.67
RPAY
REPAY HOLDINGS CORP
NASDAQ
Software - Infrastructure
$1.03B$10.171.60%-$7.70M-8.27x0.85
SKYT
SKYWATER TECHNOLOGY INC
NASDAQ
Semiconductors
$460.51M$9.745.30%$8.48M-14.32x4.77
HTCR
HEARTCORE ENTERPRISES INC
NASDAQ
Software - Application
$19.20M$0.92-0.76%-$3.13M-4.38x2.32
IDAI
T STAMP INC
NASDAQ
Software - Application
$7.78M$0.771.32%-$6.61M-0.72x1.06
MTEK
MARIS TECH LTD
NASDAQ
Electronic Components
$11.98M$1.520.66%-$2.87M-4.47x0.64
GRND
GRINDR INC
NYSE
Software - Application
$1.73B$9.893.45%$22.45M-30.91x-25.31
CCSI
CONSENSUS CLOUD SOLUTIONS INC
NASDAQ
Software - Infrastructure
$235.71M$12.27-1.60%$167.60M3.11x-4.68
ATGL
ALPHA TECHNOLOGY GROUP LTD
NASDAQ
Software - Infrastructure
$43.04M$2.820.71%-$733.22k-22.03x1.09
COMP
COMPASS INC
NYSE
Software - Application
$1.62B$3.302.48%-$220.90M-4.78x1.70
XPER
XPERI INC
NYSE
Software - Application
$440.50M$9.951.22%-$52.17M-3.13x0.71
GVP
GSE SYSTEMS INC
NASDAQ
Software - Application
$7.80M$2.57-3.75%-$5.76M-0.73x3.27
REKR
REKOR SYSTEMS INC
NASDAQ
Software - Infrastructure
$152.73M$1.792.29%-$33.44M-2.49x1.76
COHU
COHU INC
NASDAQ
Semiconductor Equipment & Materials
$1.46B$31.080.78%$101.74M52.68x0.21
DHX
DHI GROUP INC
NYSE
Software - Application
$122.00M$2.542.01%$24.02M31.75x1.09
SELX
SEMILUX INTERNATIONAL LTD
NASDAQ
Semiconductors
$93.41M$1.680.60%$1.31M-56.00x0.52
MAPS
WM TECHNOLOGY INC
NASDAQ
Software - Application
$158.33M$1.06-1.85%$93.75M-0.81x3.20
CYN
CYNGN INC
NASDAQ
Software - Application
$9.05M$0.111.85%-$21.85M-0.19x0.23
PD
PAGERDUTY INC
NYSE
Software - Application
$1.93B$20.833.12%-$44.11M-23.40x4.35
DM
DESKTOP METAL INC
NYSE
Computer Hardware
$270.96M$0.82-0.24%-$269.59M-0.82x0.90
AUID
AUTHID INC
NASDAQ
Software - Infrastructure
$71.07M$7.52-6.29%-$18.03M-2.39x0.17
VECO
VEECO INSTRUMENTS INC
NASDAQ
Semiconductor Equipment & Materials
$1.98B$35.162.21%$8.40M-62.79x0.83
WDC
WESTERN DIGITAL CORP
NASDAQ
Computer Hardware
$23.25B$71.362.76%-$1.14B-9.88x1.34
SOBR
SOBR SAFE INC
NASDAQ
Scientific & Technical Instruments
$5.66M$0.28-2.41%-$8.97M-0.51x2.05
NTNX
NUTANIX INC
NASDAQ
Software - Infrastructure
$15.07B$61.661.26%$61.81M-212.62x-5.46
BLND
BLEND LABS INC
NYSE
Software - Application
$625.08M$2.483.33%-$142.03M-3.26x-9.31
EVCM
EVERCOMMERCE INC
NASDAQ
Software - Infrastructure
$1.71B$9.17-0.11%$106.63M-38.21x0.84
MU
MICRON TECHNOLOGY INC
NASDAQ
Semiconductors
$127.17B$114.842.92%$4.06B-33.38x0.50
OBLG
OBLONG INC
NASDAQ
Software - Application
$1.84M$0.11-2.65%-$3.88M-0.11x0.26
ALTR
ALTAIR ENGINEERING INC
NASDAQ
Software - Infrastructure
$6.89B$83.580.49%$57.86M-759.82x0.92
LASR
NLIGHT INC
NASDAQ
Semiconductors
$546.43M$11.562.44%-$26.69M-12.84x0.21
SCWX
SECUREWORKS CORP
NASDAQ
Software - Infrastructure
$529.72M$6.001.69%-$78.05M-6.00x0.45
UCTT
ULTRA CLEAN HOLDINGS INC
NASDAQ
Semiconductor Equipment & Materials
$1.87B$41.962.79%$90.30M-59.94x1.16
ESTC
ELASTIC NV
NYSE
Software - Application
$10.83B$107.432.52%-$64.27M202.70x1.91
HOLO
MICROCLOUD HOLOGRAM INC
NASDAQ
Electronic Components
$14.85M$2.50-0.79%-$10.87M-0.48x0.14
WOLF
WOLFSPEED INC
NYSE
Semiconductors
$3.30B$26.255.55%-$576.30M-4.36x5.34
SONO
SONOS INC
NASDAQ
Consumer Electronics
$2.10B$16.97-0.93%$36.04M-1,697.00x0.87
SOUN
SOUNDHOUND AI INC
NASDAQ
Software - Application
$1.36B$4.405.77%-$61.79M-11.00x4.37
NTCT
NETSCOUT SYSTEMS INC
NASDAQ
Software - Infrastructure
$1.41B$19.900.00%-$24.39M-11.92x0.36
MXL
MAXLINEAR INC
NASDAQ
Semiconductors
$1.71B$20.59-0.44%-$83.06M-10.84x0.62
GSIT
GSI TECHNOLOGY INC
NASDAQ
Semiconductors
$95.87M$3.797.06%-$17.82M-4.80x0.24
ZENV
ZENVIA INC
NASDAQ
Software - Application
$95.08M$2.273.18%-$27.35M-2.40x1.04
ZETA
ZETA GLOBAL HOLDINGS CORP
NYSE
Software - Application
$2.82B$12.893.53%-$124.36M-10.74x2.05
VERI
VERITONE INC
NASDAQ
Software - Infrastructure
$130.33M$3.512.78%-$34.01M-2.21x8.85
BKTI
BK TECHNOLOGIES CORP
NYSEMKT
Communication Equipment
$49.87M$14.151.05%$34.00k-21.76x1.32
BMTX
BM TECHNOLOGIES INC
NYSEMKT
Software - Application
$17.85M$1.481.37%-$5.46M-0.99x0.76
SQSP
SQUARESPACE INC
NYSE
Software - Infrastructure
$4.85B$35.530.40%$131.02M-710.60x-4.54
MKFG
MARKFORGED HOLDING CORP
NYSE
Computer Hardware
$134.56M$0.68-1.17%-$91.11M-1.27x0.53
CGNT
COGNYTE SOFTWARE LTD
NASDAQ
Software - Infrastructure
$489.88M$6.900.58%-$3.35M-31.36x1.30
OSPN
ONESPAN INC
NASDAQ
Software - Infrastructure
$407.75M$10.79-1.46%-$20.83M-14.58x0.82
IMTE
INTEGRATED MEDIA TECHNOLOGY LTD
NASDAQ
Electronic Components
$5.08M$2.3914.90%-$6.85M-54.32x0.29
MITK
MITEK SYSTEMS INC
NASDAQ
Software - Application
$594.24M$12.702.34%$23.54M-211.67x0.90
FARO
FARO TECHNOLOGIES INC
NASDAQ
Scientific & Technical Instruments
$358.90M$18.922.55%-$35.34M-6.33x0.88
YEXT
YEXT INC
NYSE
Software - Infrastructure
$691.76M$5.542.21%$24.74M-277.00x2.46
DPSI
DECISIONPOINT SYSTEMS INC
NYSEMKT
Software - Application
$62.44M$8.13-1.69%$7.75M24.64x2.89
GB
GLOBAL BLUE GROUP HOLDING AG
NYSE
Software - Infrastructure
$1.00B$5.03-0.59%$148.99M46.57x15.73
DDD
3D SYSTEMS CORP
NYSE
Computer Hardware
$457.68M$3.430.00%-$60.69M-4.70x0.99
CETX
CEMTREX INC
NASDAQ
Software - Infrastructure
$1.81M$1.711.18%$2.32M-0.39x5.62
BIGC
BIGCOMMERCE HOLDINGS INC
NASDAQ
Software - Application
$451.94M$5.903.33%-$49.31M-6.86x16.39
AKTS
AKOUSTIS TECHNOLOGIES INC
NASDAQ
Communication Equipment
$53.84M$0.55-3.53%-$56.66M-0.56x1.08
PRSO
PERASO INC
NASDAQ
Semiconductors
$2.96M$1.379.16%-$12.96M-0.05x1.62
VUZI
VUZIX CORP
NASDAQ
Consumer Electronics
$85.44M$1.32-1.49%-$44.99M-1.67x0.07
ASYS
AMTECH SYSTEMS INC
NASDAQ
Semiconductor Equipment & Materials
$69.82M$4.921.86%-$15.61M-3.64x0.57
PXLW
PIXELWORKS INC
NASDAQ
Semiconductors
$102.88M$1.784.71%-$21.53M-3.79x2.47
DOMO
DOMO INC
NASDAQ
Software - Application
$288.66M$7.59-0.39%-$63.37M-3.61x-2.47
BBAI
BIGBEARAI HOLDINGS INC
NYSE
Information Technology Services
$436.73M$1.808.43%-$37.57M-4.50x-3.97
QBTS
D-WAVE QUANTUM INC
NYSE
Computer Hardware
$232.82M$1.44-2.70%-$80.83M-2.40x-3.43
INSG
INSEEGO CORP
NASDAQ
Communication Equipment
$45.73M$3.859.07%-$11.98M-0.89x-2.19
BOXL
BOXLIGHT CORP
NASDAQ
Communication Equipment
$5.19M$0.53-5.83%-$17.59M-0.12x6.76
KD
KYNDRYL HOLDINGS INC
NYSE
Information Technology Services
$4.48B$19.49-3.23%$953.00M-4.29x8.14
NOVA
SUNNOVA ENERGY INTERNATIONAL INC
NYSE
Solar
$489.94M$4.008.70%$134.77M-1.13x6.03
ERIC
ERICSSON LM TELEPHONE CO
NASDAQ
Communication Equipment
$17.32B$5.18-1.15%-$1.91B-6.67x2.01
UPBD
UPBOUND GROUP INC
NASDAQ
Software - Application
$1.76B$32.411.54%$1.46B-360.11x3.86
EVBG
EVERBRIDGE INC
NASDAQ
Software - Application
$1.44B$34.88-0.06%$18.01M-30.07x2.39

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+0.31%+6.01%-1.36%-12.46%11.59x2.68x+70.29%+9.31%+17.58%+19.99%Buy
38+4.31%+12.35%-11.23%+159.22%38.37x13.83x-27.35%+9.81%+18.41%+18.07%Buy
18-0.40%+1.90%-3.07%-5.43%24.48x20.71x+149.67%+28.22%+53.07%+24.37%Buy
44+1.18%+4.26%-1.56%+17.15%25.95x3.53x+21.21%+9.66%+15.16%+15.35%Buy
10+0.10%+2.48%+0.38%+38.33%13.08x1.36x+12.28%+3.94%+12.67%+3.08%Hold
66+0.06%+0.75%-5.13%+15.50%23.55x4.51x+25.53%+7.94%+16.36%+17.16%Buy
33+1.03%+1.91%-3.61%+3.43%-7.72x3.09x+9.11%+6.17%+9.01%+10.94%Buy
29+2.84%+8.44%-2.58%+58.51%39.68x11.61x+50.74%+18.11%+30.50%+10.70%Buy
69+3.12%+11.44%-1.24%+41.38%59.70x7.96x+52.19%+30.05%+33.79%+13.53%Buy
252+0.47%+3.25%-8.89%+28.13%91.33x6.53x+7.71%+4.52%+7.12%+19.86%Buy
138+1.21%+3.76%-4.42%+18.44%77.56x11.33x-37.66%+15.05%+24.39%+19.81%Buy
23+2.96%+3.82%+0.53%-48.93%31.93x2.50x+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?

40.36% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 17.11% 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.