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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
SQSP
SQUARESPACE INC
$5.20B$37.80$40.677.58%Buy912.57%N/AN/AN/A
AWRE
AWARE INC
$44.70M$2.12N/AN/AN/AN/AN/AN/AN/AN/A
MITK
MITEK SYSTEMS INC
$626.06M$13.38$19.0042.00%Buy210.79%N/AN/AN/A
MVIS
MICROVISION INC
$316.33M$1.62$3.0085.19%Hold1N/AN/AN/AN/A
WKEY
WISEKEY INTERNATIONAL HOLDING SA
$18.02M$1.98N/AN/AN/AN/AN/AN/AN/AN/A
CMBM
CAMBIUM NETWORKS CORP
$115.89M$4.16$5.5032.21%Buy110.42%N/AN/AN/A
ALLT
ALLOT LTD
$80.98M$2.11$2.5018.48%Buy149.73%N/AN/AN/A
TAOP
TAOPING INC
$2.30M$0.80N/AN/AN/AN/AN/AN/AN/AN/A
IIIV
I3 VERTICALS INC
$751.88M$22.53$25.0010.96%Buy56.66%864.37%N/AN/A
MQ
MARQETA INC
$3.03B$5.84$7.4527.57%Buy107.39%N/AN/AN/A
CLPS
CLPS INC
$25.10M$0.98N/AN/AN/AN/AN/AN/AN/AN/A
NYAX
NAYAX LTD
$961.14M$28.84$29.000.55%Hold139.30%N/AN/AN/A
XPER
XPERI INC
$480.79M$10.86$15.0038.12%Strong Buy1N/AN/AN/AN/A
TYL
TYLER TECHNOLOGIES INC
$20.42B$481.02$500.574.06%Buy77.80%N/AN/AN/A
GRND
GRINDR INC
$1.84B$10.53$13.3326.62%Strong Buy323.72%N/AN/AN/A
MTEK
MARIS TECH LTD
$11.50M$1.46N/AN/AN/AN/AN/AN/AN/AN/A
MAPS
WM TECHNOLOGY INC
$179.24M$1.20N/AN/AN/AN/A6.38%N/AN/AN/A
CVLT
COMMVAULT SYSTEMS INC
$4.77B$109.18$114.254.64%Buy49.48%N/AN/AN/A
CYN
CYNGN INC
$8.56M$0.10N/AN/AN/AN/AN/AN/AN/AN/A
CTM
CASTELLUM INC
$13.26M$0.25$1.15360.00%Strong Buy1N/AN/AN/AN/A
ADEA
ADEIA INC
$1.21B$11.19$15.5038.52%Strong Buy2N/AN/AN/AN/A
SELX
SEMILUX INTERNATIONAL LTD
$107.86M$1.94N/AN/AN/AN/AN/AN/AN/AN/A
CCSI
CONSENSUS CLOUD SOLUTIONS INC
$254.15M$13.23$25.0088.96%Sell2-4.93%N/AN/AN/A
GVP
GSE SYSTEMS INC
$8.94M$2.76$13.00371.01%Buy116.81%N/AN/AN/A
KOPN
KOPIN CORP
$95.81M$0.81$3.00270.83%Buy112.74%N/AN/AN/A
PD
PAGERDUTY INC
$1.81B$19.53$27.5741.17%Buy711.31%N/AN/AN/A
BL
BLACKLINE INC
$3.68B$59.51$64.438.27%Hold78.23%N/AN/AN/A
COMP
COMPASS INC
$1.61B$3.28$3.9721.01%Buy811.83%N/AN/AN/A
INTA
INTAPP INC
$2.61B$36.15$47.1430.41%Strong Buy712.07%N/AN/AN/A
DM
DESKTOP METAL INC
$276.89M$0.84$1.2548.81%Strong Buy115.95%N/AN/AN/A
REKR
REKOR SYSTEMS INC
$155.72M$1.83N/AN/AN/AN/A89.13%N/AN/AN/A
IDAI
T STAMP INC
$8.69M$0.86N/AN/AN/AN/AN/AN/AN/AN/A
NTCT
NETSCOUT SYSTEMS INC
$1.43B$20.12N/AN/AN/AN/A2.34%N/AN/AN/A
GBTG
GLOBAL BUSINESS TRAVEL GROUP INC
$2.80B$5.93$8.0034.91%Strong Buy16.35%N/AN/AN/A
WOLF
WOLFSPEED INC
$3.07B$24.37$33.2036.23%Buy1023.43%N/AN/AN/A
NTNX
NUTANIX INC
$16.18B$66.21$67.461.88%Strong Buy1112.39%N/AN/AN/A
ZENV
ZENVIA INC
$92.36M$2.21N/AN/AN/AN/A16.87%N/AN/AN/A
HOLO
MICROCLOUD HOLOGRAM INC
$11.53M$1.94N/AN/AN/AN/AN/AN/AN/AN/A
MU
MICRON TECHNOLOGY INC
$132.13B$119.32$130.279.18%Strong Buy2237.05%N/AN/AN/A
QRVO
QORVO INC
$9.27B$96.02$109.3313.86%Hold1211.37%N/AN/AN/A
SOBR
SOBR SAFE INC
$4.62M$0.23N/AN/AN/AN/AN/AN/AN/AN/A
VERI
VERITONE INC
$138.50M$3.73$2.25-39.68%Hold15.13%N/AN/AN/A
GSIT
GSI TECHNOLOGY INC
$78.41M$3.10N/AN/AN/AN/AN/AN/AN/AN/A
VERX
VERTEX INC
$4.64B$29.92$36.3021.32%Buy1012.89%N/AN/AN/A
SCWX
SECUREWORKS CORP
$539.43M$6.11N/AN/AN/AN/A-0.86%N/AN/AN/A
SONO
SONOS INC
$2.07B$16.84$24.5045.49%Strong Buy28.13%N/AN/AN/A
SOUN
SOUNDHOUND AI INC
$1.49B$4.81$6.8843.04%Buy5N/AN/AN/AN/A
MXL
MAXLINEAR INC
$1.66B$20.02$27.0034.87%Buy44.08%N/AN/AN/A
ZBRA
ZEBRA TECHNOLOGIES CORP
$16.45B$319.95$343.637.40%Buy87.46%165.17%N/AN/A
BKTI
BK TECHNOLOGIES CORP
$44.52M$12.63N/AN/AN/AN/AN/AN/AN/AN/A
BMTX
BM TECHNOLOGIES INC
$20.75M$1.72$8.00365.12%Strong Buy1N/AN/AN/AN/A
OBLG
OBLONG INC
$2.31M$0.11N/AN/AN/AN/AN/AN/AN/AN/A
AUID
AUTHID INC
$82.59M$8.74N/AN/AN/AN/AN/AN/AN/AN/A
EVCM
EVERCOMMERCE INC
$1.84B$9.86$10.405.48%Hold54.85%N/AN/AN/A
BLND
BLEND LABS INC
$595.61M$2.36$3.2035.59%Strong Buy316.94%N/AN/AN/A
CETX
CEMTREX INC
$300.86k$0.29N/AN/AN/AN/A11.99%N/AN/AN/A
PERF
PERFECT CORP
$234.25M$2.30$3.0030.43%Hold110.03%N/AN/AN/A
SMWB
SIMILARWEB LTD
$562.19M$7.00$10.7553.57%Strong Buy413.25%N/AN/AN/A
YEXT
YEXT INC
$683.02M$5.47$7.6339.40%Hold23.06%N/AN/AN/A
PRSO
PERASO INC
$3.01M$1.40$4.00186.74%Buy122.55%N/AN/AN/A
AKTS
AKOUSTIS TECHNOLOGIES INC
$56.20M$0.57$1.0075.44%Hold133.79%N/AN/AN/A
SILC
SILICOM LTD
$111.74M$17.81$20.0012.30%Buy1N/AN/AN/AN/A
BIGC
BIGCOMMERCE HOLDINGS INC
$512.45M$6.69$10.0049.48%Hold7N/AN/AN/AN/A
ATOM
ATOMERA INC
$112.93M$4.20N/AN/AN/AN/AN/AN/AN/AN/A
DDD
3D SYSTEMS CORP
$488.37M$3.66$8.50132.24%Strong Buy13.67%N/AN/AN/A
WALD
WALDENCAST PLC
$1.08B$4.85$8.0064.95%Buy132.63%N/AN/AN/A
CREX
CREATIVE REALITIES INC
$40.74M$3.90N/AN/AN/AN/A37.38%N/AN/AN/A
IMTE
INTEGRATED MEDIA TECHNOLOGY LTD
$5.27M$2.48N/AN/AN/AN/AN/AN/AN/AN/A
CGNT
COGNYTE SOFTWARE LTD
$541.70M$7.63$7.751.57%Hold27.27%N/AN/AN/A
VUZI
VUZIX CORP
$82.85M$1.28$3.00134.38%Buy1N/AN/AN/AN/A
ZUO
ZUORA INC
$1.54B$10.56$12.0013.64%Strong Buy47.40%N/AN/AN/A
SPWR
SUNPOWER CORP
$385.79M$2.20$3.5661.95%Sell12-0.94%N/AN/AN/A
ERIC
ERICSSON LM TELEPHONE CO
$17.59B$5.26$5.586.08%Hold1-3.89%N/AN/AN/A
KPLT
KATAPULT HOLDINGS INC
$57.21M$14.00N/AN/AN/AN/AN/AN/AN/AN/A
WDC
WESTERN DIGITAL CORP
$23.52B$72.04$85.4718.64%Strong Buy1716.91%N/AN/AN/A
INSG
INSEEGO CORP
$44.55M$3.75$3.50-6.67%Hold125.41%N/AN/AN/A
UPBD
UPBOUND GROUP INC
$1.78B$32.55$42.0029.03%Strong Buy23.89%N/AN/AN/A
MYNA
MYNARIC AG
$118.13M$5.21N/AN/AN/AN/A249.80%N/AN/AN/A
EVBG
EVERBRIDGE INC
$1.44B$34.77$29.20-16.02%Hold53.16%N/AN/AN/A
MNY
MONEYHERO LTD
$71.29M$1.85N/AN/AN/AN/AN/AN/AN/AN/A
PDYN
PALLADYNE AI CORP
$35.11M$1.32N/AN/AN/AN/A149.35%N/AN/AN/A
DOMO
DOMO INC
$283.71M$7.46$13.0074.26%Buy34.40%N/AN/AN/A
RSSS
RESEARCH SOLUTIONS INC
$93.13M$2.86N/AN/AN/AN/A10.06%N/AN/AN/A
BBAI
BIGBEARAI HOLDINGS INC
$361.52M$1.49$3.83157.25%Buy326.65%N/AN/AN/A
AIXI
XIAO-I CORP
$90.78M$1.26N/AN/AN/AN/A20.44%N/AN/AN/A
BOXL
BOXLIGHT CORP
$5.49M$0.56$2.25301.07%Strong Buy2N/AN/AN/AN/A
BLKB
BLACKBAUD INC
$3.99B$77.26$88.0013.90%Buy16.43%153.27%N/AN/A
QBTS
D-WAVE QUANTUM INC
$219.89M$1.36$2.80105.88%Strong Buy569.50%N/AN/AN/A
RPAY
REPAY HOLDINGS CORP
$1.11B$10.97$11.504.83%Strong Buy78.02%N/AN/AN/A
FIS
FIDELITY NATIONAL INFORMATION SERVICES INC
$41.19B$74.05$79.076.78%Buy15-2.97%N/AN/AN/A
PXLW
PIXELWORKS INC
$108.66M$1.88$3.5086.17%Buy131.54%N/AN/AN/A
VCSA
VACASA INC
$156.03M$6.97$11.1359.61%Buy40.73%N/AN/AN/A
SNCR
SYNCHRONOSS TECHNOLOGIES INC
$92.80M$9.00N/AN/AN/AN/A3.98%N/AN/AN/A
JAMF
JAMF HOLDING CORP
$2.53B$19.71$22.4013.65%Buy56.29%N/AN/AN/A
ASX
ASE TECHNOLOGY HOLDING CO LTD
$9.17B$10.44N/AN/AN/AN/AN/AN/AN/AN/A
NOVA
SUNNOVA ENERGY INTERNATIONAL INC
$509.56M$4.11$12.54205.06%Strong Buy1327.63%N/AN/AN/A
ZFOX
ZEROFOX HOLDINGS INC
$142.32M$1.14N/AN/AN/AN/A-4.25%N/AN/AN/A
MNDR
MOBILE-HEALTH NETWORK SOLUTIONS
N/A$2.48N/AN/AN/AN/A74.58%N/AN/AN/A
LPTH
LIGHTPATH TECHNOLOGIES INC
$52.85M$1.39$3.00115.83%Strong Buy11.46%N/AN/AN/A
BLIN
BRIDGELINE DIGITAL INC
$13.33M$1.28N/AN/AN/AN/A2.01%N/AN/AN/A

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+0.16%+3.89%+3.01%-4.39%8.37x2.73x+51.66%+8.85%+16.07%+17.52%Buy
38+1.76%+9.78%-5.92%+145.64%34.05x13.18x-26.24%+10.42%+17.72%+17.36%Buy
18-0.71%+3.14%+3.03%-4.62%27.77x22.18x+142.90%+28.05%+54.20%+21.56%Buy
44+0.41%+7.78%+3.36%+19.24%21.22x3.73x+20.98%+9.64%+15.15%+7.18%Buy
10+0.73%+5.65%-1.07%+36.64%14.44x1.40x+11.25%+3.60%+11.72%-0.37%Hold
66+0.09%+4.95%-2.29%+20.65%27.57x4.58x+24.38%+8.10%+16.41%+15.53%Buy
33-0.37%+4.12%+1.30%+6.32%12.72x3.24x+9.47%+6.56%+9.41%+7.14%Buy
29-0.23%+6.69%-2.07%+51.27%37.04x11.68x+51.00%+18.23%+30.75%+9.23%Buy
69+0.65%+6.61%+0.43%+43.58%64.25x8.11x+52.51%+30.29%+34.08%+13.63%Buy
251-0.75%+4.08%-5.43%+28.64%33.78x6.43x+6.42%+4.29%+7.38%+19.29%Buy
138-0.63%+1.92%-3.96%+16.23%43.19x11.38x+26.17%+15.18%+24.52%+20.64%Buy
23-2.59%+4.79%-2.65%-46.76%30.34x2.55x+12.57%+7.78%+11.94%+33.43%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. Rambus (NASDAQ:RMBS)


Rambus (NASDAQ:RMBS) is the top tech stock with a Zen Score of 72, which is 43 points higher than the tech sector average of 29. It passed 23 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 15.43% over the past year, underperforming other tech stocks by -11 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 51.87% from Rambus's current stock price of $55.97.

Rambus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Rambus, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the second best tech stock with a Zen Score of 67, which is 38 points higher than the tech sector average of 29. It passed 24 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 30.78% over the past year, overperforming other tech stocks by 5 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, an upside of 11.19% from Logitech International Sa's current stock price of $84.39.

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.

3. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the third best tech stock with a Zen Score of 64, which is 35 points higher than the tech sector average of 29. It passed 21 out of 33 due diligence checks and has strong fundamentals. Agilysys has seen its stock return 5.84% over the past year, underperforming other tech stocks by -20 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 24.08% from Agilysys's current stock price of $80.59.

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 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 4.47%. 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 156.74%, which is 152 percentage points higher than the tech sector average of 4.47%. 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 141.41%, which is 137 percentage points higher than the tech sector average of 4.47%.

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 -0.21% in the last day, and up 4.8% over the last week. Doubleverify Holdings was the among the top losers in the technology sector, dropping -38.57% yesterday.

DoubleVerify Holdings shares are trading lower after the company reported Q1 financial results.

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 79 points higher than the tech sector average of 21. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -7.15% in the past year. It has underperformed other stocks in the tech sector by -33 percentage points.

2. Cricut (NASDAQ:CRCT)


Cricut (NASDAQ:CRCT) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Cricut has a valuation score of 100, which is 79 points higher than the tech sector average of 21. It passed 7 out of 7 valuation due diligence checks.

Cricut's stock has dropped -18.11% in the past year. It has underperformed other stocks in the tech sector by -44 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 79 points higher than the tech sector average of 21. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -23.46% in the past year. It has underperformed other stocks in the tech sector by -50 percentage points.

Are tech stocks a good buy now?

39.39% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 16.16% 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 42.94x.
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.