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
KPLT
KATAPULT HOLDINGS INC
NASDAQ
Software - Infrastructure
$52.14M$12.7635.74%$108.21M-1.42x-4.60
NOVA
SUNNOVA ENERGY INTERNATIONAL INC
NYSE
Solar
$489.94M$4.008.70%$134.77M-1.13x6.03
JAMF
JAMF HOLDING CORP
NASDAQ
Software - Application
$2.48B$19.552.09%-$58.10M-22.22x1.22
DOMO
DOMO INC
NASDAQ
Software - Application
$288.66M$7.59-0.39%-$63.37M-3.61x-2.47
CVLT
COMMVAULT SYSTEMS INC
NASDAQ
Software - Application
$4.29B$98.301.25%$29.80M9,830.00x3.61
PXLW
PIXELWORKS INC
NASDAQ
Semiconductors
$102.88M$1.784.71%-$21.53M-3.79x2.47
ERIC
ERICSSON LM TELEPHONE CO
NASDAQ
Communication Equipment
$17.32B$5.18-1.15%-$1.91B-6.67x2.01
KD
KYNDRYL HOLDINGS INC
NYSE
Information Technology Services
$4.48B$19.49-3.23%$953.00M-4.29x8.14
QBTS
D-WAVE QUANTUM INC
NYSE
Computer Hardware
$232.82M$1.44-2.70%-$80.83M-2.40x-3.43
UPBD
UPBOUND GROUP INC
NASDAQ
Software - Application
$1.76B$32.411.54%$1.46B-360.11x3.86
VCSA
VACASA INC
NASDAQ
Software - Application
$167.89M$7.509.01%-$206.04M-0.31x3.48
SYNA
SYNAPTICS INC
NASDAQ
Semiconductors
$3.51B$89.261.93%$110.50M-45.08x1.11
SWI
SOLARWINDS CORP
NYSE
Software - Infrastructure
$1.85B$11.120.27%$232.19M-185.33x1.25
EGHT
8X8 INC
NASDAQ
Software - Application
$280.17M$2.27-2.16%-$2.37M-5.16x6.54
SGE
STRONG GLOBAL ENTERTAINMENT INC
NYSEMKT
Computer Hardware
$9.14M$1.16-3.33%-$345.00k-4.14x2.40
PSFE
PAYSAFE LTD
NYSE
Software - Infrastructure
$892.46M$14.46-0.28%$444.82M-43.82x4.92
SGH
SMART GLOBAL HOLDINGS INC
NASDAQ
Semiconductors
$959.13M$18.34-0.81%-$141.58M-4.62x2.73
UEIC
UNIVERSAL ELECTRONICS INC
NASDAQ
Consumer Electronics
$132.66M$10.235.36%-$65.00M-1.34x0.99
VRAR
GLIMPSE GROUP INC
NASDAQ
Software - Infrastructure
$18.65M$1.110.00%-$23.68M-0.62x0.49
MNDR
MOBILE-HEALTH NETWORK SOLUTIONS
NASDAQ
Software - Application
N/A$23.990.88%-$3.01M-0.81x-10.38
RDWR
RADWARE LTD
NASDAQ
Software - Infrastructure
$710.13M$17.03-0.99%-$19.44M-34.06x0.88
LPTH
LIGHTPATH TECHNOLOGIES INC
NASDAQ
Electronic Components
$53.23M$1.40-0.71%-$1.06M-10.00x0.60
NXTT
NEXT TECHNOLOGY HOLDING INC
NASDAQ
Software - Application
$12.08M$4.60-9.36%-$4.23M-115.00x0.08
LPSN
LIVEPERSON INC
NASDAQ
Software - Application
$46.35M$0.535.20%-$46.19M-0.41x16.36
BTCM
BIT MINING LTD
NYSE
Information Technology Services
$31.78M$2.86-1.72%N/A-2.86x0.98
QTWO
Q2 HOLDINGS INC
NYSE
Software - Application
$3.15B$53.280.74%$15.62M-47.57x1.68
ZFOX
ZEROFOX HOLDINGS INC
NASDAQ
Software - Infrastructure
$142.32M$1.140.00%-$298.73M-0.40x2.20
DMRC
DIGIMARC CORP
NASDAQ
Information Technology Services
$457.53M$22.384.00%-$37.63M-9.90x0.30
BNAI
BRAND ENGAGEMENT NETWORK INC
NASDAQ
Software - Application
$88.90M$2.673.09%-$11.04M-17.80x0.24
ICHR
ICHOR HOLDINGS LTD
NASDAQ
Semiconductor Equipment & Materials
$1.16B$39.353.15%$22.88M-26.77x0.66
FAAS
DIGIASIA CORP
NASDAQ
Software - Application
$380.01M$6.76-0.88%-$10.40M-0.13x0.49
BCAN
BYND CANNASOFT ENTERPRISES INC
NASDAQ
Software - Infrastructure
$1.22M$0.92-2.02%-$18.37M-0.01x0.06
BLIN
BRIDGELINE DIGITAL INC
NASDAQ
Software - Infrastructure
$13.86M$1.331.53%-$8.32M-1.39x0.52
CAN
CANAAN INC
NASDAQ
Computer Hardware
$230.99M$0.91-1.72%-$403.37M-0.38x0.42
AUR
AURORA INNOVATION INC
NASDAQ
Information Technology Services
$4.64B$3.027.09%-$748.00M-5.03x0.13
SVRE
SAVERONE 2014 LTD
NASDAQ
Scientific & Technical Instruments
$9.13M$0.66-1.06%-$32.09M-0.12x1.55
DATS
DATCHAT INC
NASDAQ
Software - Application
$3.73M$1.240.81%-$8.32M-0.30x0.07
AFRM
AFFIRM HOLDINGS INC
NASDAQ
Software - Infrastructure
$10.23B$33.335.31%-$594.74M-13.39x2.44
MRIN
MARIN SOFTWARE INC
NASDAQ
Software - Application
$7.59M$2.526.78%-$18.82M-0.34x0.42
AIXI
XIAO-I CORP
NASDAQ
Software - Application
$92.22M$1.280.00%N/A-3.49x13.73
STER
STERLING CHECK CORP
NASDAQ
Software - Infrastructure
$1.43B$15.30-0.52%$111.34MN/A0.94
AHI
ADVANCED HEALTH INTELLIGENCE LTD
NASDAQ
Software - Application
$11.76M$1.500.00%-$12.60M-0.77x3.39
JUNE
JUNEE LTD
NASDAQ
Information Technology Services
N/A$4.000.00%$202.59k1,000.00x1.25
WLDS
WEARABLE DEVICES LTD
NASDAQ
Consumer Electronics
$7.50M$0.37-0.54%-$8.12M-0.77x0.37
OLB
OLB GROUP INC
NASDAQ
Software - Application
$6.53M$0.3619.93%-$16.30M-0.56x0.60
RPD
RAPID7 INC
NASDAQ
Software - Infrastructure
$2.85B$45.930.17%-$39.14M-18.67x-13.74
KC
KINGSOFT CLOUD HOLDINGS LTD
NASDAQ
Software - Application
$754.17M$3.1610.10%-$148.87M-2.49x1.14
QMCO
QUANTUM CORP
NASDAQ
Computer Hardware
$39.92M$0.42-1.18%-$14.29M-1.05x-3.24
SNPO
SNAP ONE HOLDINGS CORP
NASDAQ
Electronics & Computer Distribution
$808.34M$10.580.09%$96.53M-37.79x1.11
QRVO
QORVO INC
NASDAQ
Semiconductors
$11.27B$116.751.79%$237.63M-56.13x0.84
PWSC
POWERSCHOOL HOLDINGS INC
NYSE
Software - Application
$3.56B$17.571.09%$169.36M-92.47x1.56
UPLD
UPLAND SOFTWARE INC
NASDAQ
Software - Application
$63.48M$2.201.85%-$91.70M-0.38x4.96
GWRE
GUIDEWIRE SOFTWARE INC
NYSE
Software - Application
$9.46B$113.551.40%-$43.82M-183.15x0.60
PRCH
PORCH GROUP INC
NASDAQ
Software - Application
$338.66M$3.478.10%-$77.07M-2.50x-26.21
DTSS
DATASEA INC
NASDAQ
Software - Infrastructure
$20.79M$8.195.00%-$7.74M-1.72x0.93
VLD
VELO3D INC
NYSE
Computer Hardware
$62.81M$0.243.00%-$116.11M-0.35x1.25
CRNC
CERENCE INC
NASDAQ
Software - Application
$404.66M$9.713.41%$50.92M-12.61x0.73
SATS
ECHOSTAR CORP
NASDAQ
Communication Equipment
$4.34B$16.00-0.12%-$310.64M-2.55x1.85
APPS
DIGITAL TURBINE INC
NASDAQ
Software - Application
$185.68M$1.820.00%-$91.88M-0.92x1.48
DZSI
DZS INC
NASDAQ
Communication Equipment
$36.77M$1.185.36%-$34.42M-0.67x1.82
KULR
KULR TECHNOLOGY GROUP INC
NYSEMKT
Electronic Components
$80.38M$0.47-0.64%-$20.51M-2.33x-5.98
OCC
OPTICAL CABLE CORP
NASDAQ
Communication Equipment
$23.53M$3.00-0.13%$2.04M-149.80x0.73
COMM
COMMSCOPE HOLDING COMPANY INC
NASDAQ
Communication Equipment
$198.69M$0.942.30%-$80.50M-0.13x-3.77
PEGY
PINEAPPLE ENERGY INC
NASDAQ
Solar
$4.04M$0.0621.15%-$219.05k-0.08x1.85
SSNT
SILVERSUN TECHNOLOGIES INC
NASDAQ
Software - Application
$74.10M$13.943.80%-$185.11k-69.70x1.74
U
UNITY SOFTWARE INC
NYSE
Software - Application
$9.31B$24.133.47%-$264.57M-11.17x1.20
VNT
VONTIER CORP
NYSE
Scientific & Technical Instruments
$6.34B$41.221.08%$702.20M16.96x3.82
DGHI
DIGIHOST TECHNOLOGY INC
NASDAQ
Software - Application
$39.62M$1.384.55%-$6.80M-1.79x0.44
PRO
PROS HOLDINGS INC
NYSE
Software - Application
$1.59B$33.980.15%-$44.71M-27.85x-6.42
PRTH
PRIORITY TECHNOLOGY HOLDINGS INC
NASDAQ
Software - Infrastructure
$239.88M$3.171.44%$151.66M-5.02x-10.17
COHR
COHERENT CORP
NYSE
Scientific & Technical Instruments
$8.36B$55.064.12%$580.48M-19.52x1.19
ETWO
E2OPEN PARENT HOLDINGS INC
NYSE
Software - Application
$1.32B$4.305.65%-$1.18B-1.00x1.00
MIND
MIND TECHNOLOGY INC
NASDAQ
Scientific & Technical Instruments
$5.83M$4.151.22%$2.30M-1.31x0.41
WK
WORKIVA INC
NYSE
Software - Application
$4.41B$80.620.86%-$59.32M-34.16x-14.64
MSAI
MULTISENSOR AI HOLDINGS INC
NASDAQ
Scientific & Technical Instruments
$32.64M$2.733.02%-$21.12M-0.77x-62.09
WALD
WALDENCAST PLC
NASDAQ
Software - Application
$550.88M$5.10-2.11%N/A-0.89x0.52
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
NASDAQ
Computer Hardware
$18.07B$86.04-1.40%$461.00M-66.18x-4.76
CMTL
COMTECH TELECOMMUNICATIONS CORP
NASDAQ
Communication Equipment
$58.37M$2.059.63%$11.15M-1.21x1.04
TGL
TREASURE GLOBAL INC
NASDAQ
Software - Application
$5.10M$4.61-3.33%-$8.88M-0.14x0.34
WTO
UTIME LTD
NASDAQ
Consumer Electronics
$3.70M$0.270.37%-$10.24M-0.29x8.23
GIB
CGI INC
NYSE
Information Technology Services
$24.00B$103.140.00%N/AN/A0.80
EGIO
EDGIO INC
NASDAQ
Software - Infrastructure
$55.99M$9.93-9.32%-$105.37M-0.34x1.95
CXAI
CXAPP INC
NASDAQ
Software - Application
$56.29M$3.6914.95%N/AN/A0.15
FIS
FIDELITY NATIONAL INFORMATION SERVICES INC
NYSE
Information Technology Services
$40.12B$69.60-1.23%-$3.11B-6.18x1.89
IFBD
INFOBIRD CO LTD
NASDAQ
Software - Application
$156.19k$4.9032.79%N/A-0.00x3.82
MTC
MMTEC INC
NASDAQ
Software - Application
$285.54M$2.88-8.57%-$5.25M-2.50x1.54
PRST
PRESTO AUTOMATION INC
NASDAQ
Software - Application
$13.65M$0.171.20%-$48.24M-0.13x-1.74
VOXX
VOXX INTERNATIONAL CORP
NASDAQ
Consumer Electronics
$145.08M$6.42-2.13%-$12.83M-3.94x0.70
BCOV
BRIGHTCOVE INC
NASDAQ
Software - Application
$71.24M$1.630.00%-$5.16M-3.08x1.30
ARM
ARM HOLDINGS PLC
NASDAQ
Semiconductors
$104.81B$101.954.10%N/AN/A0.42
MICS
SINGING MACHINE CO INC
NASDAQ
Consumer Electronics
$6.48M$1.01-1.94%-$5.97M-0.42x2.66
GETR
GETAROUND INC
NYSE
Software - Application
$18.64M$0.202.04%-$99.97M-0.16x50.66
CSLR
COMPLETE SOLARIA INC
NASDAQ
Semiconductors
$18.71M$0.38-9.07%-$253.67M-0.08x-1.62
RBT
RUBICON TECHNOLOGIES INC
NYSE
Software - Application
$24.32M$0.4616.07%-$15.31M-0.18x-1.36
NUKK
NUKKLEUS INC
NASDAQ
Software - Application
$1.62M$0.89-2.52%-$220.77k-4.94x-1.00
DXC
DXC TECHNOLOGY CO
NYSE
Information Technology Services
$3.67B$20.08-1.42%$1.01B-11.03x3.71
AISP
AIRSHIP AI HOLDINGS INC
NASDAQ
Software - Application
$169.79M$7.431.78%$17.30M6.19x-1.42
CCCS
CCC INTELLIGENT SOLUTIONS HOLDINGS INC
NASDAQ
Software - Infrastructure
$6.95B$11.500.00%$113.20M-76.67x0.70
TCX
TUCOWS INC
NASDAQ
Software - Infrastructure
$196.17M$17.950.62%-$14.04M-2.03x79.85
RTC
BAIJIAYUN GROUP LTD
NASDAQ
Software - Application
$129.01M$1.341.52%N/A-53.60x0.81

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%+19.03%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%+15.12%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%+10.54%Buy
69+3.12%+11.44%-1.24%+41.38%59.70x7.96x+52.19%+30.05%+33.79%+13.52%Buy
252+0.47%+3.25%-8.89%+28.13%91.33x6.53x+7.71%+4.52%+7.12%+19.83%Buy
138+1.21%+3.76%-4.42%+18.44%77.56x11.33x-37.66%+15.05%+24.39%+19.65%Buy
23+2.96%+3.82%+0.53%-48.93%31.93x2.50x+11.78%+7.31%+11.13%+36.86%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. Eltek (NASDAQ:ELTK)


Eltek (NASDAQ:ELTK) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Eltek 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.

Eltek's stock has gained 171.68% in the past year. It has overperformed other stocks in the tech sector by 146 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 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.

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.