According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best technology stocks to buy right now are:
1. Riskified (NYSE:RSKD)
Riskified (NYSE:RSKD) is the #1 top tech stock out of 784 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year.
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The Component Grade breakdown for Riskified (NYSE:RSKD) is: Value: C, Growth: A, Momentum: C, Sentiment: A, Safety: C, Financials: B, and AI: A.
Riskified (NYSE:RSKD) has a Due Diligence Score of 30, which is -3 points lower than the tech sector average of 33. Although this number is below the industry average, our proven quant model rates RSKD as a "A".It passed 9 out of 33 due diligence checks and has average fundamentals. Riskified has seen its stock return 34.98% over the past year, overperforming other tech stocks by 118 percentage points.
Riskified has an average 1 year
price target of $6.60, an upside of 9.63% from Riskified's current stock price of $6.02.
Riskified stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Riskified, 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. Sk Hynix (NASDAQ:SKHY)
Sk Hynix (NASDAQ:SKHY) is the #2 top tech stock out of 784 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year.
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The Component Grade breakdown for Sk Hynix (NASDAQ:SKHY) is: Value: A, Growth: B, Momentum: C, Sentiment: A, Safety: D, Financials: A, and AI: B.
Sk Hynix (NASDAQ:SKHY) has a Due Diligence Score of 11, which is -22 points lower than the tech sector average of 33. Although this number is below the industry average, our proven quant model rates SKHY as a "A".It passed 3 out of 33 due diligence checks and has weak fundamentals.
Sk Hynix has an average 1 year
price target of $245.50, an upside of 57.21% from Sk Hynix's current stock price of $156.16.
Sk Hynix stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Sk Hynix, 55.56% have issued a Strong Buy rating, 44.44% have issued a Buy, 0% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Micron Technology (NASDAQ:MU)
The Component Grade breakdown for Micron Technology (NASDAQ:MU) is: Value: B, Growth: A, Momentum: A, Sentiment: B, Safety: D, Financials: A, and AI: C.
Micron Technology (NASDAQ:MU) has a Due Diligence Score of 71, which is 38 points higher than the tech sector average of 33. It passed 28 out of 38 due diligence checks and has strong fundamentals. Micron Technology has seen its stock return 667.8% over the past year, overperforming other tech stocks by 750 percentage points.
Micron Technology has an average 1 year
price target of $1,411.40, an upside of 50.61% from Micron Technology's current stock price of $937.11.
Micron Technology stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 25 analysts covering Micron Technology, 64% have issued a Strong Buy rating, 28% have issued a Buy, 8% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.