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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)
CRSR
CORSAIR GAMING INC
United States
$1.13B103,905,56313.29%86.71%Net SellingNet Buying
ALAR
ALARUM TECHNOLOGIES LTD
Israel
$162.45M59,681,6320.32%0.00%
FTFT
FUTURE FINTECH GROUP INC
China
$15.59M19,985,4100.05%99.95%Net Buying
MITQ
MOVING IMAGE TECHNOLOGIES INC
United States
$5.44M10,479,2172.23%70.05%Net SellingNet Selling
MITK
MITEK SYSTEMS INC
United States
$625.59M46,790,61166.01%33.99%Net Buying
BLBX
BLACKBOXSTOCKS INC
United States
$8.55M3,226,1453.53%56.21%
JG
AURORA MOBILE LTD
China
$17.02M78,831,9420.56%0.00%
MQ
MARQETA INC
United States
$2.85B518,112,10859.70%4.00%Net SellingNet Selling
CRNT
CERAGON NETWORKS LTD
Israel
$241.73M85,418,32113.14%0.00%
RGTI
RIGETTI COMPUTING INC
United States
$199.43M171,919,29629.95%22.55%Net SellingNet Selling
WKEY
WISEKEY INTERNATIONAL HOLDING SA
Switzerland
$17.75M4,551,2660.49%0.00%
MTEK
MARIS TECH LTD
Israel
$11.50M7,878,5010.56%0.00%
NOTE
FISCALNOTE HOLDINGS INC
United States
$170.66M134,378,44935.03%64.97%Net SellingNet Selling
CTM
CASTELLUM INC
United States
$14.48M53,029,9153.39%71.27%Net Buying
BL
BLACKLINE INC
United States
$3.60B61,817,41056.43%43.57%Net SellingNet Selling
TYL
TYLER TECHNOLOGIES INC
United States
$20.58B42,455,26747.99%52.01%Net SellingNet Selling
SELX
SEMILUX INTERNATIONAL LTD
Taiwan
$108.64M55,599,06315.07%0.00%
IDAI
T STAMP INC
United States
$8.08M10,101,27913.17%86.83%Net Buying
SKYT
SKYWATER TECHNOLOGY INC
United States
$361.75M47,349,92910.06%89.94%Net SellingNet Selling
ADEA
ADEIA INC
United States
$1.22B108,507,44892.00%8.00%Net SellingNet Selling
REKR
REKOR SYSTEMS INC
United States
$143.35M85,324,91845.22%27.48%Net BuyingNet Buying
RPAY
REPAY HOLDINGS CORP
United States
$1.05B101,630,13669.10%30.90%Net SellingNet Selling
FTCI
FTC SOLAR INC
United States
$58.71M125,979,16526.00%69.01%Net SellingNet Buying
CVLT
COMMVAULT SYSTEMS INC
United States
$4.86B43,661,62151.59%48.41%Net SellingNet Selling
MAPS
WM TECHNOLOGY INC
United States
$170.28M149,367,49118.66%40.58%Net SellingNet Selling
SOUN
SOUNDHOUND AI INC
United States
$1.68B329,170,02818.11%8.74%Net SellingNet Selling
KOPN
KOPIN CORP
United States
$90.24M118,428,00328.42%14.17%Net SellingNet Selling
GVP
GSE SYSTEMS INC
United States
$9.75M3,239,3553.27%96.73%Net SellingNet Buying
PD
PAGERDUTY INC
United States
$1.85B92,751,59069.53%30.47%Net SellingNet Selling
BIGC
BIGCOMMERCE HOLDINGS INC
United States
$586.51M77,274,52767.81%32.19%Net SellingNet Selling
SCWX
SECUREWORKS CORP
United States
$562.39M88,287,00111.05%12.65%Net SellingNet Selling
AUR
AURORA INNOVATION INC
United States
$5.00B1,552,378,60444.29%21.04%Net SellingNet Selling
BMTX
BM TECHNOLOGIES INC
United States
$20.51M12,063,77319.67%32.43%Net SellingNet Selling
BKTI
BK TECHNOLOGIES CORP
United States
$44.65M3,529,7124.28%95.72%Net SellingNet Buying
GSIT
GSI TECHNOLOGY INC
United States
$76.14M25,295,04716.58%62.12%Net Selling
MU
MICRON TECHNOLOGY INC
United States
$134.26B1,107,368,11080.52%1.61%Net SellingNet Selling
NTNX
NUTANIX INC
United States
$16.51B244,329,16683.03%7.80%Net SellingNet Selling
HOLO
MICROCLOUD HOLOGRAM INC
United States
$10.10M5,941,2040.35%99.65%
QRVO
QORVO INC
United States
$9.43B96,548,45888.42%0.92%Net SellingNet Selling
NTCT
NETSCOUT SYSTEMS INC
United States
$1.44B71,035,05379.78%20.22%Net SellingNet Selling
GBTG
GLOBAL BUSINESS TRAVEL GROUP INC
United States
$2.83B472,617,20835.90%64.10%Net SellingNet Selling
WOLF
WOLFSPEED INC
United States
$3.04B125,854,81996.81%3.19%Net Selling
PGY
PAGAYA TECHNOLOGIES LTD
Israel
$899.01M70,900,21993.26%6.74%Net BuyingNet Buying
ZENV
ZENVIA INC
Brazil
$95.92M41,884,4702.86%0.00%
SOBR
SOBR SAFE INC
United States
$4.64M20,007,4654.51%68.97%Net BuyingNet Buying
VERX
VERTEX INC
United States
$4.92B155,113,70434.38%21.84%Net SellingNet Selling
SONO
SONOS INC
United States
$2.04B122,900,82976.99%23.01%Net SellingNet Selling
MXL
MAXLINEAR INC
United States
$1.54B83,128,03782.72%5.43%Net SellingNet Buying
ZBRA
ZEBRA TECHNOLOGIES CORP
United States
$16.24B51,419,40388.76%11.24%Net BuyingNet Buying
OBLG
OBLONG INC
United States
$2.25M20,286,6750.61%99.39%Net Selling
AUID
AUTHID INC
United States
$80.33M9,450,2207.35%26.42%Net BuyingNet Buying
EVCM
EVERCOMMERCE INC
United States
$1.87B185,103,21557.67%42.33%Net SellingNet Selling
BLND
BLEND LABS INC
United States
$726.85M252,377,60545.69%16.72%Net SellingNet Selling
OSS
ONE STOP SYSTEMS INC
United States
$55.74M20,916,79026.92%67.86%Net SellingNet Buying
PRSO
PERASO INC
United States
$3.11M2,161,1603.09%96.91%Net BuyingNet Selling
CETX
CEMTREX INC
United States
$296.63k1,055,6360.30%99.70%Net Buying
DDD
3D SYSTEMS CORP
United States
$493.71M133,434,04964.36%13.60%Net SellingNet Selling
SPWR
SUNPOWER CORP
United States
$403.33M175,361,08810.44%89.56%Net BuyingNet Buying
SEDG
SOLAREDGE TECHNOLOGIES INC
Israel
$2.83B57,299,40461.94%38.06%Net BuyingNet Buying
GRND
GRINDR INC
United States
$1.78B175,675,9014.70%95.30%Net SellingNet Selling
AKTS
AKOUSTIS TECHNOLOGIES INC
United States
$56.01M98,602,95728.99%8.51%Net Buying
LINK
INTERLINK ELECTRONICS INC
United States
$42.89M9,860,3680.17%99.83%
MVIS
MICROVISION INC
United States
$251.09M206,659,63429.09%13.40%Net SellingNet Selling
PERF
PERFECT CORP
Taiwan
$232.21M101,848,67122.35%0.00%
ATOM
ATOMERA INC
United States
$118.84M26,887,37130.70%7.16%Net SellingNet Selling
YEXT
YEXT INC
United States
$683.02M124,867,09358.05%41.95%Net SellingNet Selling
SILC
SILICOM LTD
Israel
$107.10M6,274,00049.23%10.29%
SMWB
SIMILARWEB LTD
Israel
$564.60M80,312,42034.03%0.00%
CGNT
COGNYTE SOFTWARE LTD
Israel
$534.60M70,996,53565.49%0.00%
WALD
WALDENCAST PLC
United States
$993.71M223,305,26711.01%0.00%
IMTE
INTEGRATED MEDIA TECHNOLOGY LTD
Australia
$4.68M2,125,1690.07%99.93%
FIS
FIDELITY NATIONAL INFORMATION SERVICES INC
United States
$41.52B556,251,44765.25%34.75%Net SellingNet Selling
UPBD
UPBOUND GROUP INC
United States
$1.78B54,629,44576.99%23.01%Net SellingNet Selling
MYNA
MYNARIC AG
Germany
$115.41M5,668,39116.45%0.00%
RSSS
RESEARCH SOLUTIONS INC
United States
$94.93M32,620,50727.05%72.95%Net SellingNet Selling
JAMF
JAMF HOLDING CORP
United States
$2.51B128,453,72223.81%76.19%Net SellingNet Selling
AIXI
XIAO-I CORP
China
$85.38M24,015,5920.19%0.00%
DOMO
DOMO INC
United States
$272.68M38,031,21061.09%10.30%Net BuyingNet Selling
INSG
INSEEGO CORP
United States
$59.77M11,882,94829.66%70.34%
WDC
WESTERN DIGITAL CORP
United States
$23.38B326,524,66892.22%5.75%Net SellingNet Selling
KPLT
KATAPULT HOLDINGS INC
United States
$68.93M4,086,1620.78%99.22%Net SellingNet Selling
NOVA
SUNNOVA ENERGY INTERNATIONAL INC
United States
$499.65M123,981,66673.43%26.57%Net BuyingNet Buying
QBTS
D-WAVE QUANTUM INC
Canada
$210.19M161,682,12445.59%21.84%Net SellingNet Selling
BLKB
BLACKBAUD INC
United States
$4.01B51,626,07680.90%19.10%Net SellingNet Selling
BOXL
BOXLIGHT CORP
United States
$6.06M9,778,0766.07%93.93%Net SellingNet Selling
PDYN
PALLADYNE AI CORP
United States
$34.85M26,600,0004.86%95.14%Net BuyingNet Selling
ERIC
ERICSSON LM TELEPHONE CO
Sweden
$17.86B3,344,151,7357.96%0.00%
PXLW
PIXELWORKS INC
United States
$104.61M57,796,87321.18%18.24%Net SellingNet Selling
MNY
MONEYHERO LTD
Singapore
$70.13M38,535,5052.77%12.98%
AMPL
AMPLITUDE INC
United States
$1.11B121,840,92646.34%47.67%Net SellingNet Selling
ASX
ASE TECHNOLOGY HOLDING CO LTD
Taiwan
$9.24B4,392,550,2373.38%0.00%
ATGL
ALPHA TECHNOLOGY GROUP LTD
Hong Kong
$73.87M15,262,5000.00%0.00%
BTCM
BIT MINING LTD
United States
$28.00M1,111,232,3090.05%0.00%
VYX
NCR VOYIX CORP
United States
$1.81B145,014,98984.25%15.75%Net SellingNet Selling
RDWR
RADWARE LTD
Israel
$806.04M41,698,87671.87%0.00%
VRAR
GLIMPSE GROUP INC
United States
$19.15M16,801,57411.23%19.63%Net Buying
BLIN
BRIDGELINE DIGITAL INC
United States
$13.33M10,417,6097.87%63.22%Net Buying
LASR
NLIGHT INC
United States
$637.85M47,565,20448.28%51.72%Net SellingNet Selling
CAN
CANAAN INC
China
$242.37M3,772,078,6671.16%0.00%
BCAN
BYND CANNASOFT ENTERPRISES INC
Canada
$1.16M1,329,869100.00%0.00%

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+0.94%+2.38%+4.97%-3.62%8.89x2.76x+42.43%+8.81%+16.09%+15.76%Buy
38+0.99%+4.57%-3.72%+144.22%34.85x13.47x-25.70%+10.59%+17.93%+17.31%Buy
18-1.26%-2.40%+2.40%-5.14%27.80x22.19x+143.10%+28.08%+54.28%+22.95%Buy
44+0.26%+4.42%+6.64%+20.40%20.88x3.76x+20.88%+9.60%+15.07%+6.49%Buy
10+0.45%+3.72%-1.09%+36.02%14.67x1.41x+11.28%+3.61%+11.73%-0.27%Hold
66+0.35%+1.11%-2.11%+18.35%27.25x4.52x+24.38%+8.06%+16.35%+16.92%Buy
33-0.58%+1.46%+4.10%+7.02%13.06x3.25x+8.78%+6.48%+9.41%+6.97%Buy
29+1.18%+2.77%+0.30%+53.29%37.65x11.84x+50.98%+18.24%+30.78%+9.03%Buy
69+0.54%+2.47%+1.80%+44.45%64.08x8.15x+52.21%+30.11%+33.88%+13.45%Strong Buy
252-0.35%+1.24%-3.57%+26.47%34.74x6.45x+5.51%+4.43%+7.62%+19.58%Buy
138-0.18%+0.61%-3.03%+15.17%43.43x11.42x+26.59%+15.24%+24.60%+21.16%Buy
23-3.17%-5.79%-8.40%-48.94%23.90x2.51x+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. 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.

3. Wisekey International Holding Sa (NASDAQ:WKEY)


Wisekey International Holding Sa (NASDAQ:WKEY) has an annual dividend yield of 143.59%, which is 139 percentage points higher than the tech sector average of 4.57%.

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 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. 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 -9.86% in the past year. It has underperformed other stocks in the tech sector by -35 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 -21.93% in the past year. It has underperformed other stocks in the tech sector by -47 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.