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 Ownership Technicals

Ticker	Company	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
UEIC	UNIVERSAL ELECTRONICS INC	$162.81M	-24.90%	-12.60%	-19.09%	-17.40%	0.90	1.66	24.50%	-11.30%	-8.71%
MNDR	MOBILE-HEALTH NETWORK SOLUTIONS	N/A	N/A	N/A	-340.96%	N/A	-10.38	1.09	13.90%	-40.80%	-40.81%
ONTF	ON24 INC	$266.26M	-23.50%	-15.50%	-24.47%	-25.20%	0.54	2.67	73.00%	-28.40%	-27.49%
ZFOX	ZEROFOX HOLDINGS INC	$142.32M	-97.70%	-52.60%	-96.11%	-207.40%	2.20	0.84	32.10%	-152.70%	-149.53%
ELWS	EARLYWORKS CO LTD	$8.83M	-82.50%	-50.30%	-66.10%	-304.40%	0.61	3.33	80.40%	-510.60%	-519.05%
SGH	SMART GLOBAL HOLDINGS INC	$991.55M	-58.70%	-12.70%	-16.67%	-16.20%	2.73	3.30	31.80%	-18.00%	-18.84%
PSFE	PAYSAFE LTD	$936.90M	-2.30%	-0.40%	4.89%	6.30%	4.92	1.11	58.60%	-1.30%	10.73%
SGE	STRONG GLOBAL ENTERTAINMENT INC	$15.44M	-22.30%	-6.00%	-8.62%	-8.60%	2.40	1.40	24.80%	-4.50%	-2.76%
VUZI	VUZIX CORP	$77.67M	-56.60%	-53.30%	-67.77%	-193.80%	0.05	9.41	-35.80%	-502.50%	-501.05%
DMRC	DIGIMARC CORP	$490.73M	-57.50%	-46.00%	-46.55%	-221.10%	0.18	6.19	59.90%	-114.40%	-113.85%
QTWO	Q2 HOLDINGS INC	$3.74B	-17.50%	-6.60%	-6.57%	-9.40%	1.64	2.38	48.90%	-12.40%	-10.68%
NXTT	NEXT TECHNOLOGY HOLDING INC	$11.16M	-10.00%	-9.30%	-8.30%	-13.30%	0.08	13.61	54.50%	-160.50%	-160.49%
MIND	MIND TECHNOLOGY INC	$6.28M	-15.90%	-10.70%	6.94%	8.40%	0.48	2.76	43.70%	-9.60%	4.42%
SVRE	SAVERONE 2014 LTD	$8.96M	-182.30%	-110.20%	-267.65%	-517.40%	1.55	1.64	27.60%	-1,243.90%	-1,199.12%
AMST	AMESITE INC	$9.00M	-86.30%	-82.40%	-115.12%	331,666.00%	0.06	14.89	100.00%	-1,591.70%	-1,591.65%
INVE	IDENTIV INC	$96.80M	-10.00%	-6.70%	-9.00%	-11.80%	0.45	2.67	36.60%	-6.50%	-5.94%
CCCS	CCC INTELLIGENT SOLUTIONS HOLDINGS INC	$6.53B	-5.10%	-3.00%	-0.97%	-2.50%	0.69	2.53	73.80%	-10.80%	-3.17%
EGHT	8X8 INC	$319.66M	-50.30%	-6.40%	-8.40%	-7.80%	6.54	1.31	69.60%	-7.30%	-6.83%
BNAI	BRAND ENGAGEMENT NETWORK INC	$48.28M	N/A	-27.90%	-61.89%	-36.40%	0.24	0.60	100.00%	-33,318.00%	-33,157.49%
ASYS	AMTECH SYSTEMS INC	$73.46M	-24.70%	-16.30%	-22.32%	-25.80%	0.44	2.71	28.00%	-19.70%	-18.58%
QMCO	QUANTUM CORP	$51.80M	N/A	-17.70%	-36.33%	-18.60%	-3.24	1.05	33.10%	-9.40%	-6.03%
SYNX	SILYNXCOM LTD	$12.12M	-186.80%	-47.10%	-117.49%	-136.30%	1.78	1.55	41.50%	-36.90%	-35.56%
LPTH	LIGHTPATH TECHNOLOGIES INC	$55.88M	-19.00%	-12.20%	-14.60%	-15.10%	0.57	2.01	28.00%	-19.70%	-18.69%
TTMI	TTM TECHNOLOGIES INC	$1.87B	-0.20%	-0.10%	2.88%	3.50%	1.17	2.10	19.10%	-0.10%	3.35%
PRCH	PORCH GROUP INC	$308.47M	N/A	-11.40%	-15.38%	-24.60%	-21.09	1.08	46.60%	-23.70%	-14.66%
AHI	ADVANCED HEALTH INTELLIGENCE LTD	$11.76M	-242.40%	-131.10%	-437.63%	-2,376.50%	3.39	0.54	100.00%	-459.70%	-451.68%
AFRM	AFFIRM HOLDINGS INC	$9.77B	-26.20%	-7.80%	N/A	-5.40%	2.51	N/A	41.10%	-32.20%	-32.17%
JUNE	JUNEE LTD	N/A	3.40%	1.40%	8.01%	8.90%	1.25	1.27	20.80%	0.60%	1.74%
GB	GLOBAL BLUE GROUP HOLDING AG	$1.00B	98.10%	1.80%	14.10%	13.30%	15.73	1.00	100.00%	5.30%	24.04%
OLB	OLB GROUP INC	$8.43M	-87.90%	-71.30%	-184.35%	-510.70%	0.60	0.25	30.70%	-76.20%	-75.34%
DPSI	DECISIONPOINT SYSTEMS INC	$76.88M	13.20%	3.30%	12.83%	34.20%	2.89	0.90	24.90%	2.20%	4.13%
WLDS	WEARABLE DEVICES LTD	$6.65M	-100.80%	-83.10%	-141.04%	-301.40%	0.37	3.78	24.40%	-9,529.30%	-9,982.93%
SSNT	SILVERSUN TECHNOLOGIES INC	$76.28M	-15.00%	-6.00%	-16.35%	201.20%	1.74	1.05	39.30%	-2.20%	-2.60%
VECO	VEECO INSTRUMENTS INC	$2.15B	-2.60%	-1.40%	-0.31%	-0.40%	0.79	3.06	43.40%	-2.50%	-0.45%
SPT	SPROUT SOCIAL INC	$1.59B	-47.60%	-18.50%	-31.59%	-68.60%	1.65	0.97	77.00%	-19.60%	-18.46%
EXTR	EXTREME NETWORKS INC	$1.40B	-6.40%	-0.60%	4.83%	13.00%	15.71	0.96	59.70%	-0.50%	2.20%
UCTT	ULTRA CLEAN HOLDINGS INC	$1.98B	-4.40%	-2.00%	1.89%	2.10%	1.20	2.76	16.10%	-2.10%	1.65%
GWRE	GUIDEWIRE SOFTWARE INC	$9.71B	-4.20%	-2.60%	-3.83%	-4.70%	0.60	3.45	55.90%	-5.50%	-7.06%
COHU	COHU INC	$1.39B	-0.20%	-0.20%	1.16%	2.50%	0.17	6.29	47.10%	-0.40%	2.01%
DATS	DATCHAT INC	$5.09M	-100.50%	-94.70%	-137.79%	-109.90%	0.07	15.68	100.00%	-1,250,739.60%	-1,250,739.58%
CRNC	CERENCE INC	$223.51M	-43.50%	-23.20%	-23.58%	-48.20%	1.13	2.18	73.80%	-80.90%	-59.56%
FARO	FARO TECHNOLOGIES INC	$363.95M	-16.10%	-8.60%	-9.82%	-15.40%	0.88	2.35	47.10%	-11.90%	-10.51%
XTKG	X3 HOLDINGS CO LTD	$215.56M	-93.00%	-71.50%	-76.08%	-107.30%	0.24	0.98	20.30%	-651.40%	-651.75%
U	UNITY SOFTWARE INC	$8.48B	-26.40%	-11.80%	-14.90%	-31.60%	1.05	2.15	66.60%	-40.10%	-40.61%
MODN	MODEL N INC	$1.17B	0.20%	0.10%	3.20%	4.60%	2.93	3.86	57.10%	0.10%	5.34%
MRIN	MARIN SOFTWARE INC	$7.92M	-110.70%	-80.30%	-149.28%	-265.50%	0.43	3.56	41.00%	-108.00%	-109.17%
PWSC	POWERSCHOOL HOLDINGS INC	$3.69B	-3.00%	-1.00%	1.22%	7.00%	1.57	0.24	59.30%	-5.40%	5.43%
KD	KYNDRYL HOLDINGS INC	$6.27B	-85.90%	-9.40%	-5.71%	-4.20%	8.14	0.94	17.00%	-6.30%	-2.02%
DZSI	DZS INC	$52.97M	-40.80%	-14.70%	-27.88%	-31.20%	1.82	1.36	31.20%	-13.20%	-11.36%
WK	WORKIVA INC	$4.51B	N/A	-8.50%	-4.64%	-3.80%	-15.45	2.14	76.00%	-14.20%	-5.21%
LYFT	LYFT INC	$6.93B	-39.00%	-4.00%	-9.00%	-10.20%	8.69	0.82	41.20%	-3.90%	-3.16%
TTEC	TTEC HOLDINGS INC	$345.74M	-2.10%	-0.60%	4.99%	5.10%	2.52	1.61	20.90%	-0.50%	3.59%
SVCO	SILVACO GROUP INC	N/A	N/A	N/A	7.14%	N/A	3.35	0.84	82.80%	-0.60%	2.09%
WRAP	WRAP TECHNOLOGIES INC	$65.88M	-68.40%	-51.70%	-73.63%	-125.20%	0.54	2.39	53.60%	-170.30%	-168.18%
APPS	DIGITAL TURBINE INC	$219.35M	-37.70%	-16.70%	-20.97%	-40.50%	1.48	1.07	44.70%	-34.50%	-30.70%
VLD	VELO3D INC	$57.84M	-133.90%	-67.20%	-119.30%	-90.40%	1.25	2.43	-33.90%	-174.50%	-161.95%
KULR	KULR TECHNOLOGY GROUP INC	$79.00M	-884.40%	-161.10%	-579.41%	-302.80%	-5.98	0.57	37.30%	-241.00%	-233.72%
OCC	OPTICAL CABLE CORP	$23.48M	-0.70%	-0.40%	3.35%	2.50%	0.73	4.73	28.30%	-0.20%	1.65%
DTSS	DATASEA INC	$19.09M	-2,741.60%	-175.00%	-343.79%	-761.10%	0.93	1.68	1.30%	-36.80%	-36.76%
RUN	SUNRUN INC	$2.50B	-25.70%	-7.10%	-3.60%	-2.80%	2.72	1.31	7.60%	-68.20%	-33.12%
PRTH	PRIORITY TECHNOLOGY HOLDINGS INC	$291.44M	N/A	-2.90%	12.40%	13.80%	-9.37	1.04	37.20%	-5.80%	12.14%
NOVT	NOVANTA INC	$5.79B	10.60%	5.50%	8.63%	13.40%	1.07	2.83	45.10%	7.80%	12.16%
SNPO	SNAP ONE HOLDINGS CORP	$812.04M	-4.00%	-1.90%	2.19%	3.60%	1.10	2.48	42.60%	-2.80%	2.92%
DGHI	DIGIHOST TECHNOLOGY INC	$38.76M	-61.50%	-45.50%	-59.22%	-53.10%	0.44	0.42	-37.00%	-83.80%	-83.65%
BAND	BANDWIDTH INC	$583.64M	-10.00%	-2.80%	-2.91%	-3.10%	2.64	2.37	38.80%	-4.60%	-4.48%
MLNK	MERIDIANLINK INC	$1.28B	-8.00%	-4.10%	2.42%	5.10%	1.08	1.51	65.00%	-13.90%	7.13%
CMTL	COMTECH TELECOMMUNICATIONS CORP	$48.41M	-11.20%	-4.80%	-0.15%	-0.30%	1.04	0.99	32.00%	-8.50%	-0.17%
COHR	COHERENT CORP	$8.19B	-8.00%	-2.90%	-0.66%	-1.10%	1.22	2.71	29.70%	-9.00%	-1.90%
COMP	COMPASS INC	$1.93B	-72.30%	-24.30%	-37.74%	-31.20%	2.46	0.81	18.10%	-6.10%	-5.93%
PRO	PROS HOLDINGS INC	$1.45B	N/A	-11.50%	-21.71%	-20.30%	-5.86	1.18	63.20%	-15.70%	-15.28%
MSAI	MULTISENSOR AI HOLDINGS INC	$30.25M	N/A	-51.90%	-391.20%	-52.30%	-62.09	1.16	26.60%	-410.10%	-404.53%
VOXX	VOXX INTERNATIONAL CORP	$134.23M	-12.00%	-7.80%	-7.76%	-11.50%	0.70	1.81	25.60%	-7.90%	-5.41%
PRST	PRESTO AUTOMATION INC	$13.41M	N/A	-165.70%	138.78%	-1,837.40%	-1.74	0.28	-3.20%	-313.30%	-241.74%
RDDT	REDDIT INC	$8.75B	N/A	N/A	N/A	N/A	0.10	12.27	N/A	N/A	N/A
STER	STERLING CHECK CORP	$1.49B	-1.20%	-0.60%	2.45%	5.30%	0.99	1.54	45.80%	-1.20%	4.34%
WTO	UTIME LTD	$4.15M	-189.60%	-27.70%	-151.10%	-146.50%	8.23	0.93	13.60%	-53.50%	-51.04%
CXAI	CXAPP INC	$54.00M	N/A	N/A	N/A	N/A	0.15	1.15	N/A	N/A	N/A
TGL	TREASURE GLOBAL INC	$5.85M	-724.00%	-166.50%	-247.26%	-1,612.80%	0.34	1.94	1.40%	-17.50%	-17.09%
MICS	SINGING MACHINE CO INC	$6.08M	-101.10%	-40.80%	-65.51%	-75.70%	2.66	1.43	21.40%	-28.80%	-23.14%
CORZ	CORE SCIENTIFIC INC	$647.13M	N/A	-4.70%	9.70%	5.20%	-3.56	1.04	30.20%	-6.30%	11.68%
CYN	CYNGN INC	$10.76M	-216.60%	-185.50%	-286.11%	-311.10%	0.23	3.70	-15.70%	-3,722.10%	-3,725.13%
FEBO	FENBO HOLDINGS LTD	$147.79M	-3.10%	-1.60%	0.63%	1.00%	0.72	2.28	18.60%	-1.20%	0.32%
LPSN	LIVEPERSON INC	$50.78M	-234.30%	-14.20%	-21.91%	-19.80%	36.78	1.20	66.00%	-31.30%	-31.15%
CSLR	COMPLETE SOLARIA INC	$28.92M	N/A	-233.80%	413.09%	-505.20%	-1.62	0.35	20.30%	-307.70%	-291.66%
BCOV	BRIGHTCOVE INC	$84.26M	-10.20%	-4.40%	-6.74%	-23.10%	1.27	0.74	62.10%	-4.70%	-3.80%
RBT	RUBICON TECHNOLOGIES INC	$12.72M	N/A	-27.30%	59.85%	-33.20%	-1.36	0.70	7.20%	-8.20%	-2.94%
SANG	SANGOMA TECHNOLOGIES CORP	$144.97M	-11.60%	-7.20%	-7.85%	-22.80%	0.59	1.04	69.30%	-12.20%	-11.14%
FAAS	DIGIASIA CORP	$477.26M	N/A	-12.90%	-56.63%	-11.40%	0.49	0.92	95.30%	-19.70%	-17.26%
IFBD	INFOBIRD CO LTD	$125.91k	-171.60%	-46.70%	-122.59%	-161.10%	3.82	1.36	36.20%	-413.50%	-369.00%
KC	KINGSOFT CLOUD HOLDINGS LTD	$823.50M	-35.90%	-14.10%	-24.42%	-130.50%	1.14	0.89	12.10%	-30.90%	-28.55%
INFA	INFORMATICA INC	$8.84B	0.00%	0.00%	2.84%	5.50%	1.25	1.90	79.10%	0.00%	7.35%
SMTC	SEMTECH CORP	$2.56B	-387.70%	-54.40%	-81.77%	-50.80%	-5.47	2.46	34.10%	-125.70%	-108.86%
RYDE	RYDE GROUP LTD	$148.13M	N/A	-269.50%	169.69%	863.30%	-1.72	0.36	21.40%	-148.00%	-144.69%
MSTR	MICROSTRATEGY INC	$20.94B	-5.50%	-1.90%	-4.97%	-4.50%	1.65	0.78	77.10%	-17.40%	-61.38%
NUKK	NUKKLEUS INC	$1.56M	N/A	-4.50%	509.42%	14.80%	-1.00	0.99	N/A	N/A	N/A
EMKR	EMCORE CORP	$8.12M	-74.00%	-43.40%	-64.00%	-56.80%	0.79	3.11	27.30%	-71.60%	-71.06%
DXC	DXC TECHNOLOGY CO	$3.55B	-14.30%	-3.10%	-4.51%	-4.10%	3.71	1.12	22.60%	-3.40%	-3.23%
ETWO	E2OPEN PARENT HOLDINGS INC	$1.51B	-58.10%	-30.30%	-37.46%	-100.20%	1.05	1.00	50.10%	-168.60%	-165.46%
XBP	XBP EUROPE HOLDINGS INC	$115.84M	N/A	-17.70%	-15.71%	-18.20%	-9.18	0.61	23.40%	-6.60%	-1.95%
RNG	RINGCENTRAL INC	$3.26B	N/A	-7.00%	-7.28%	-3.60%	-4.20	1.09	70.10%	-6.20%	-3.58%

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%	+7.62%	+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. 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.