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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
WATT	ENERGOUS CORP	$8.76M	N/A	0.00%	N/A	N/A	N/A	N/A
PSQH	PSQ HOLDINGS INC	$111.73M	N/A	0.00%	N/A	N/A	N/A	N/A
MITQ	MOVING IMAGE TECHNOLOGIES INC	$5.44M	N/A	0.00%	N/A	N/A	N/A	N/A
TAOP	TAOPING INC	$2.56M	N/A	0.00%	N/A	N/A	N/A	N/A
MITK	MITEK SYSTEMS INC	$625.59M	N/A	0.00%	N/A	N/A	N/A	N/A
RMNI	RIMINI STREET INC	$211.11M	N/A	0.00%	N/A	N/A	N/A	N/A
NYAX	NAYAX LTD	$949.48M	N/A	0.00%	N/A	N/A	N/A	N/A
AEYE	AUDIOEYE INC	$204.96M	N/A	0.00%	N/A	N/A	N/A	N/A
FTFT	FUTURE FINTECH GROUP INC	$15.59M	N/A	0.00%	N/A	N/A	N/A	N/A
XPER	XPERI INC	$451.03M	2.00%	-7.40%	$0.0500	$0.20	41%	0
WKEY	WISEKEY INTERNATIONAL HOLDING SA	$17.75M	143.59%	-36.30%	$2.8000	$2.80	100%	0
BL	BLACKLINE INC	$3.60B	N/A	0.00%	N/A	N/A	N/A	N/A
ADEA	ADEIA INC	$1.22B	0.89%	40.50%	$0.0500	$0.10	17%	2
CTM	CASTELLUM INC	$14.48M	N/A	0.00%	N/A	N/A	N/A	N/A
TYL	TYLER TECHNOLOGIES INC	$20.58B	N/A	0.00%	N/A	N/A	N/A	N/A
SOUN	SOUNDHOUND AI INC	$1.68B	N/A	0.00%	N/A	N/A	N/A	N/A
MTEK	MARIS TECH LTD	$11.50M	N/A	0.00%	N/A	N/A	N/A	N/A
KOPN	KOPIN CORP	$90.24M	N/A	0.00%	N/A	N/A	N/A	N/A
MAPS	WM TECHNOLOGY INC	$170.28M	N/A	0.00%	N/A	N/A	N/A	N/A
PD	PAGERDUTY INC	$1.85B	N/A	0.00%	N/A	N/A	N/A	N/A
NOTE	FISCALNOTE HOLDINGS INC	$170.66M	N/A	0.00%	N/A	N/A	N/A	N/A
SELX	SEMILUX INTERNATIONAL LTD	$108.64M	N/A	0.00%	N/A	N/A	N/A	N/A
SKYT	SKYWATER TECHNOLOGY INC	$361.75M	N/A	0.00%	N/A	N/A	N/A	N/A
GVP	GSE SYSTEMS INC	$9.75M	N/A	0.00%	N/A	N/A	N/A	N/A
IDAI	T STAMP INC	$8.08M	N/A	0.00%	N/A	N/A	N/A	N/A
BIGC	BIGCOMMERCE HOLDINGS INC	$586.51M	N/A	0.00%	N/A	N/A	N/A	N/A
REKR	REKOR SYSTEMS INC	$143.35M	N/A	0.00%	N/A	N/A	N/A	N/A
BOXL	BOXLIGHT CORP	$6.06M	N/A	0.00%	N/A	N/A	N/A	N/A
RPAY	REPAY HOLDINGS CORP	$1.05B	N/A	0.00%	N/A	N/A	N/A	N/A
FTCI	FTC SOLAR INC	$58.71M	N/A	0.00%	N/A	N/A	N/A	N/A
CVLT	COMMVAULT SYSTEMS INC	$4.86B	N/A	0.00%	N/A	N/A	N/A	N/A
QRVO	QORVO INC	$9.43B	N/A	0.00%	N/A	N/A	N/A	N/A
NTNX	NUTANIX INC	$16.51B	N/A	0.00%	N/A	N/A	N/A	N/A
GBTG	GLOBAL BUSINESS TRAVEL GROUP INC	$2.83B	N/A	0.00%	N/A	N/A	N/A	N/A
PGY	PAGAYA TECHNOLOGIES LTD	$899.01M	N/A	0.00%	N/A	N/A	N/A	N/A
MU	MICRON TECHNOLOGY INC	$134.26B	0.38%	-13.40%	$0.1150	$0.46	5%	0
BMTX	BM TECHNOLOGIES INC	$20.51M	N/A	0.00%	N/A	N/A	N/A	N/A
ZENV	ZENVIA INC	$95.92M	N/A	0.00%	N/A	N/A	N/A	N/A
NTCT	NETSCOUT SYSTEMS INC	$1.44B	N/A	0.00%	N/A	N/A	N/A	N/A
ZBRA	ZEBRA TECHNOLOGIES CORP	$16.24B	N/A	0.00%	N/A	N/A	N/A	N/A
HOLO	MICROCLOUD HOLOGRAM INC	$10.10M	N/A	0.00%	N/A	N/A	N/A	N/A
BLND	BLEND LABS INC	$726.85M	N/A	0.00%	N/A	N/A	N/A	N/A
SCWX	SECUREWORKS CORP	$562.39M	N/A	0.00%	N/A	N/A	N/A	N/A
VERX	VERTEX INC	$4.92B	N/A	0.00%	N/A	N/A	N/A	N/A
BKTI	BK TECHNOLOGIES CORP	$44.65M	N/A	0.00%	$0.1500	N/A	N/A	1
WOLF	WOLFSPEED INC	$3.04B	N/A	0.00%	N/A	N/A	N/A	N/A
MXL	MAXLINEAR INC	$1.54B	N/A	0.00%	N/A	N/A	N/A	N/A
SOBR	SOBR SAFE INC	$4.64M	N/A	0.00%	N/A	N/A	N/A	N/A
SONO	SONOS INC	$2.04B	N/A	0.00%	N/A	N/A	N/A	N/A
AUR	AURORA INNOVATION INC	$5.00B	N/A	0.00%	N/A	N/A	N/A	N/A
OBLG	OBLONG INC	$2.25M	N/A	0.00%	N/A	N/A	N/A	N/A
OSS	ONE STOP SYSTEMS INC	$55.74M	N/A	0.00%	N/A	N/A	N/A	N/A
AUID	AUTHID INC	$80.33M	N/A	0.00%	N/A	N/A	N/A	N/A
GSIT	GSI TECHNOLOGY INC	$76.14M	N/A	0.00%	N/A	N/A	N/A	N/A
EVCM	EVERCOMMERCE INC	$1.87B	N/A	0.00%	N/A	N/A	N/A	N/A
CGNT	COGNYTE SOFTWARE LTD	$534.60M	N/A	0.00%	N/A	N/A	N/A	N/A
DDD	3D SYSTEMS CORP	$493.71M	N/A	0.00%	N/A	N/A	N/A	N/A
SPWR	SUNPOWER CORP	$403.33M	N/A	0.00%	N/A	N/A	N/A	N/A
SILC	SILICOM LTD	$107.10M	N/A	0.00%	$1.0000	N/A	N/A	0
LINK	INTERLINK ELECTRONICS INC	$42.89M	N/A	0.00%	N/A	N/A	N/A	N/A
CETX	CEMTREX INC	$296.63k	N/A	0.00%	$5.6003	N/A	N/A	0
WALD	WALDENCAST PLC	$993.71M	N/A	0.00%	N/A	N/A	N/A	N/A
SMWB	SIMILARWEB LTD	$564.60M	N/A	0.00%	N/A	N/A	N/A	N/A
PRSO	PERASO INC	$3.11M	N/A	0.00%	N/A	N/A	N/A	N/A
GRND	GRINDR INC	$1.78B	N/A	0.00%	N/A	N/A	N/A	N/A
PERF	PERFECT CORP	$232.21M	N/A	0.00%	N/A	N/A	N/A	N/A
IMTE	INTEGRATED MEDIA TECHNOLOGY LTD	$4.68M	N/A	0.00%	N/A	N/A	N/A	N/A
YEXT	YEXT INC	$683.02M	N/A	0.00%	N/A	N/A	N/A	N/A
SEDG	SOLAREDGE TECHNOLOGIES INC	$2.83B	N/A	0.00%	N/A	N/A	N/A	N/A
MVIS	MICROVISION INC	$251.09M	N/A	0.00%	N/A	N/A	N/A	N/A
AKTS	AKOUSTIS TECHNOLOGIES INC	$56.01M	N/A	0.00%	N/A	N/A	N/A	N/A
ATOM	ATOMERA INC	$118.84M	N/A	0.00%	N/A	N/A	N/A	N/A
JAMF	JAMF HOLDING CORP	$2.51B	N/A	0.00%	N/A	N/A	N/A	N/A
PXLW	PIXELWORKS INC	$104.61M	N/A	0.00%	N/A	N/A	N/A	N/A
NOVA	SUNNOVA ENERGY INTERNATIONAL INC	$499.65M	N/A	0.00%	N/A	N/A	N/A	N/A
DOMO	DOMO INC	$272.68M	N/A	0.00%	N/A	N/A	N/A	N/A
RSSS	RESEARCH SOLUTIONS INC	$94.93M	N/A	0.00%	N/A	N/A	N/A	N/A
MNY	MONEYHERO LTD	$70.13M	N/A	0.00%	N/A	N/A	N/A	N/A
UPBD	UPBOUND GROUP INC	$1.78B	4.35%	-322.70%	$0.3700	$1.42	73%	1
QBTS	D-WAVE QUANTUM INC	$210.19M	N/A	0.00%	N/A	N/A	N/A	N/A
WDC	WESTERN DIGITAL CORP	$23.38B	N/A	0.00%	$0.5000	N/A	N/A	0
PDYN	PALLADYNE AI CORP	$34.85M	N/A	0.00%	N/A	N/A	N/A	N/A
ASX	ASE TECHNOLOGY HOLDING CO LTD	$9.24B	N/A	50.70%	$0.3585	N/A	N/A	4
INSG	INSEEGO CORP	$59.77M	N/A	0.00%	N/A	N/A	N/A	N/A
AIXI	XIAO-I CORP	$85.38M	N/A	0.00%	N/A	N/A	N/A	N/A
BLKB	BLACKBAUD INC	$4.01B	N/A	0.00%	$0.1200	N/A	N/A	0
FIS	FIDELITY NATIONAL INFORMATION SERVICES INC	$41.52B	2.57%	-18.80%	$0.3600	$1.92	50%	1	2024-06-10	2024-06-24
ERIC	ERICSSON LM TELEPHONE CO	$17.86B	4.76%	-33.10%	$0.1294	$0.25	77%	5
AMPL	AMPLITUDE INC	$1.11B	N/A	0.00%	N/A	N/A	N/A	N/A
MYNA	MYNARIC AG	$115.41M	N/A	0.00%	N/A	N/A	N/A	N/A
KPLT	KATAPULT HOLDINGS INC	$68.93M	N/A	0.00%	N/A	N/A	N/A	N/A
CCCS	CCC INTELLIGENT SOLUTIONS HOLDINGS INC	$6.53B	N/A	0.00%	N/A	N/A	N/A	N/A
QTWO	Q2 HOLDINGS INC	$3.74B	N/A	0.00%	N/A	N/A	N/A	N/A
INVE	IDENTIV INC	$96.80M	N/A	0.00%	N/A	N/A	N/A	N/A
BTCM	BIT MINING LTD	$28.00M	N/A	0.00%	N/A	N/A	N/A	N/A
SVRE	SAVERONE 2014 LTD	$8.96M	N/A	0.00%	N/A	N/A	N/A	N/A
AMST	AMESITE INC	$9.00M	N/A	0.00%	N/A	N/A	N/A	N/A
LASR	NLIGHT INC	$637.85M	N/A	0.00%	N/A	N/A	N/A	N/A
DMRC	DIGIMARC CORP	$490.73M	N/A	0.00%	$0.1100	N/A	N/A	0
SGH	SMART GLOBAL HOLDINGS INC	$991.55M	N/A	0.00%	N/A	N/A	N/A	N/A

Tech Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Communication Equipment	65	+0.94%	+2.38%	+4.97%	-3.62%	8.89x	2.76x	+42.43%	+8.81%	+16.09%	+15.76%	Buy
Computer Hardware	38	+0.99%	+4.57%	-3.72%	+144.22%	34.85x	13.47x	-25.70%	+10.59%	+17.93%	+17.31%	Buy
Consumer Electronics	18	-1.26%	-2.40%	+2.40%	-5.14%	27.80x	22.19x	+143.10%	+28.08%	+54.28%	+22.95%	Buy
Electronic Components	44	+0.26%	+4.42%	+6.64%	+20.40%	20.88x	3.76x	+20.88%	+9.60%	+15.07%	+6.49%	Buy
Electronics & Computer Distribution	10	+0.45%	+3.72%	-1.09%	+36.02%	14.67x	1.41x	+11.28%	+3.61%	+11.73%	-0.27%	Hold
Information Technology Services	66	+0.35%	+1.11%	-2.11%	+18.35%	27.25x	4.52x	+24.38%	+8.06%	+16.35%	+16.92%	Buy
Scientific & Technical Instruments	33	-0.58%	+1.46%	+4.10%	+7.02%	13.06x	3.25x	+8.78%	+6.48%	+9.41%	+6.97%	Buy
Semiconductor Equipment & Materials	29	+1.18%	+2.77%	+0.30%	+53.29%	37.65x	11.84x	+50.98%	+18.24%	+30.78%	+9.03%	Buy
Semiconductors	69	+0.54%	+2.47%	+1.80%	+44.45%	64.08x	8.15x	+52.21%	+30.11%	+33.88%	+13.45%	Strong Buy
Software - Application	252	-0.35%	+1.24%	-3.57%	+26.47%	34.74x	6.45x	+5.51%	+4.43%	+7.63%	+19.58%	Buy
Software - Infrastructure	138	-0.18%	+0.61%	-3.03%	+15.17%	43.43x	11.42x	+26.59%	+15.24%	+24.60%	+21.16%	Buy
Solar	23	-3.17%	-5.79%	-8.40%	-48.94%	23.90x	2.51x	+11.55%	+7.43%	+11.54%	+36.55%	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 15.1% over the past year, underperforming other tech stocks by -10 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 49.91% from Rambus's current stock price of $56.70.

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 32.64% over the past year, overperforming other tech stocks by 7 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, an upside of 10.7% from Logitech International Sa's current stock price of $84.76.

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. Epam Systems (NYSE:EPAM)

Epam Systems (NYSE:EPAM) is the third best tech stock with a Zen Score of 66, which is 37 points higher than the tech sector average of 29. It passed 21 out of 33 due diligence checks and has strong fundamentals. Epam Systems has seen its stock lose -21.02% over the past year, underperforming other tech stocks by -47 percentage points.

Epam Systems has an average 1 year price target of $291.38, an upside of 58.87% from Epam Systems's current stock price of $183.40.

Epam Systems stock has a consensus Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Epam Systems, 50% have issued a Strong Buy rating, 12.5% have issued a Buy, 37.5% 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 4.57%. 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. Sap Se (NYSE:SAP)

Sap Se (NYSE:SAP) has an annual dividend yield of N/A, which is N/A percentage points lower than the tech sector average of 4.57%. Sap Se's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Sap Se's dividend has shown consistent growth over the last 10 years.

Sap Se's dividend payout ratio of 49.1% indicates that its dividend yield is sustainable for the long-term.

3. Clearone (NASDAQ:CLRO)

Clearone (NASDAQ:CLRO) has an annual dividend yield of 165.2%, which is 161 percentage points higher than the tech sector average of 4.57%. 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 up?

Tech stocks were up 0.1% in the last day, and up 1.69% over the last week. Inseego was the among the top gainers in the technology sector, gaining 30.99% yesterday.

Inseego shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates.

What are the most undervalued tech stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued tech stocks right now are:

1. Cricut (NASDAQ:CRCT)

Cricut (NASDAQ:CRCT) is the 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 -21.93% in the past year. It has underperformed other stocks in the tech sector by -47 percentage points.

2. Axcelis Technologies (NASDAQ:ACLS)

Axcelis Technologies (NASDAQ:ACLS) is the second 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 -9.86% in the past year. It has underperformed other stocks in the tech sector by -35 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 79 points higher than the tech sector average of 21. It passed 7 out of 7 valuation due diligence checks.

International Money Express's stock has dropped -14.95% in the past year. It has underperformed other stocks in the tech sector by -40 percentage points.

Are tech stocks a good buy now?

41.07% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 16.34% 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 43.12x.

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.