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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
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
SGH
SMART GLOBAL HOLDINGS INC
$970.63M$18.56$27.2546.82%Strong Buy29.45%N/AN/AN/A
PSFE
PAYSAFE LTD
$963.44M$15.61$14.92-4.42%Hold55.81%N/AN/AN/A
EGHT
8X8 INC
$346.81M$2.81$3.5024.56%Buy310.57%N/AN/AN/A
SGE
STRONG GLOBAL ENTERTAINMENT INC
$16.39M$2.08N/AN/AN/AN/AN/AN/AN/AN/A
DHX
DHI GROUP INC
$119.12M$2.48$7.00182.26%Buy1-3.07%N/AN/AN/A
CCCS
CCC INTELLIGENT SOLUTIONS HOLDINGS INC
$6.56B$10.67$13.8029.33%Buy57.83%N/AN/AN/A
MIND
MIND TECHNOLOGY INC
$6.13M$4.36N/AN/AN/AN/AN/AN/AN/AN/A
QTWO
Q2 HOLDINGS INC
$3.78B$62.87$59.25-5.76%Strong Buy129.93%N/AN/AN/A
NXTT
NEXT TECHNOLOGY HOLDING INC
$10.68M$4.07N/AN/AN/AN/AN/AN/AN/AN/A
ASYS
AMTECH SYSTEMS INC
$74.45M$5.24N/AN/AN/AN/A-3.49%N/AN/AN/A
SVRE
SAVERONE 2014 LTD
$8.57M$0.62N/AN/AN/AN/A-14.85%N/AN/AN/A
RDWR
RADWARE LTD
$822.30M$19.72$22.0011.56%Strong Buy15.19%N/AN/AN/A
ZFOX
ZEROFOX HOLDINGS INC
$141.07M$1.13N/AN/AN/AN/A-4.25%N/AN/AN/A
ATGL
ALPHA TECHNOLOGY GROUP LTD
$66.70M$4.37N/AN/AN/AN/AN/AN/AN/AN/A
VYX
NCR VOYIX CORP
$1.76B$12.17$18.6052.83%Buy528.99%N/AN/AN/A
BLIN
BRIDGELINE DIGITAL INC
$13.44M$1.29N/AN/AN/AN/A2.01%N/AN/AN/A
CAN
CANAAN INC
$233.77M$0.93$4.25359.46%Strong Buy2N/AN/AN/AN/A
LASR
NLIGHT INC
$635.47M$13.36$16.0019.76%Buy27.50%N/AN/AN/A
BCAN
BYND CANNASOFT ENTERPRISES INC
$1.26M$0.95N/AN/AN/AN/AN/AN/AN/AN/A
BTCM
BIT MINING LTD
$28.00M$2.52N/AN/AN/AN/AN/AN/AN/AN/A
MNDR
MOBILE-HEALTH NETWORK SOLUTIONS
N/A$2.29N/AN/AN/AN/A74.58%N/AN/AN/A
VUZI
VUZIX CORP
$75.73M$1.17$3.00156.41%Buy1N/AN/AN/AN/A
U
UNITY SOFTWARE INC
$9.44B$24.16$30.6526.86%Buy10-2.53%N/AN/AN/A
GB
GLOBAL BLUE GROUP HOLDING AG
$993.88M$4.98N/AN/AN/AN/A17.67%N/AN/AN/A
TTMI
TTM TECHNOLOGIES INC
$1.81B$17.83$19.006.56%Strong Buy24.67%N/AN/AN/A
LPTH
LIGHTPATH TECHNOLOGIES INC
$51.61M$1.33$3.00125.56%Strong Buy10.56%N/AN/AN/A
EXTR
EXTREME NETWORKS INC
$1.37B$10.58$15.1042.72%Buy5-4.07%N/AN/AN/A
AHI
ADVANCED HEALTH INTELLIGENCE LTD
$11.76M$1.50N/AN/AN/AN/AN/AN/AN/AN/A
DATS
DATCHAT INC
$5.33M$1.77N/AN/AN/AN/AN/AN/AN/AN/A
MODN
MODEL N INC
$1.17B$29.75$30.251.68%Buy85.74%N/AN/AN/A
JUNE
JUNEE LTD
N/A$4.58N/AN/AN/AN/AN/AN/AN/AN/A
VECO
VEECO INSTRUMENTS INC
$2.16B$38.07$40.606.65%Buy55.10%N/AN/AN/A
OLB
OLB GROUP INC
$7.78M$4.30N/AN/AN/AN/AN/AN/AN/AN/A
SPT
SPROUT SOCIAL INC
$1.61B$28.49$54.2590.42%Buy1219.98%N/AN/AN/A
SYNX
SILYNXCOM LTD
$13.09M$2.58N/AN/AN/AN/AN/AN/AN/AN/A
COHU
COHU INC
$1.38B$29.28$35.0019.54%Strong Buy4-21.60%N/AN/AN/A
DPSI
DECISIONPOINT SYSTEMS INC
$76.96M$10.02N/AN/AN/AN/AN/AN/AN/AN/A
WLDS
WEARABLE DEVICES LTD
$7.07M$0.35N/AN/AN/AN/AN/AN/AN/AN/A
XTKG
X3 HOLDINGS CO LTD
$218.67M$0.84N/AN/AN/AN/AN/AN/AN/AN/A
SSNT
SILVERSUN TECHNOLOGIES INC
$78.99M$14.86N/AN/AN/AN/AN/AN/AN/AN/A
GWRE
GUIDEWIRE SOFTWARE INC
$9.75B$117.07$130.0011.04%Strong Buy118.57%N/AN/AN/A
PRCH
PORCH GROUP INC
$336.24M$3.39$4.9445.66%Strong Buy48.74%N/AN/AN/A
QMCO
QUANTUM CORP
$49.04M$0.52N/AN/AN/AN/A9.44%N/AN/AN/A
UCTT
ULTRA CLEAN HOLDINGS INC
$2.00B$44.58$55.5024.50%Strong Buy24.93%N/AN/AN/A
MRIN
MARIN SOFTWARE INC
$8.17M$2.63N/AN/AN/AN/AN/AN/AN/AN/A
AFRM
AFFIRM HOLDINGS INC
$10.76B$34.81$32.21-7.47%Hold1212.47%N/A-10.60%-3.02%
FARO
FARO TECHNOLOGIES INC
$375.86M$19.57$27.0037.97%Buy1N/AN/AN/AN/A
CRNC
CERENCE INC
$261.72M$6.28$20.83231.74%Buy61.09%N/AN/AN/A
WK
WORKIVA INC
$4.53B$82.54$97.6718.33%Buy39.99%N/AN/AN/A
PWSC
POWERSCHOOL HOLDINGS INC
$3.69B$18.12$25.5040.73%Strong Buy610.82%N/AN/AN/A
PRTH
PRIORITY TECHNOLOGY HOLDINGS INC
$283.43M$3.54$11.00210.73%Strong Buy112.72%N/AN/AN/A
PEGY
PINEAPPLE ENERGY INC
$4.68M$0.07N/AN/AN/AN/AN/AN/AN/AN/A
RUN
SUNRUN INC
$2.75B$12.41$21.2070.83%Strong Buy1013.77%N/AN/AN/A
TTEC
TTEC HOLDINGS INC
$339.80M$7.15$13.0081.95%Hold3-3.68%N/AN/AN/A
OCC
OPTICAL CABLE CORP
$24.19M$3.08N/AN/AN/AN/AN/AN/AN/AN/A
VLD
VELO3D INC
$59.93M$0.23N/AN/AN/AN/AN/AN/AN/AN/A
WRAP
WRAP TECHNOLOGIES INC
$66.76M$1.51N/AN/AN/AN/AN/AN/AN/AN/A
SVCO
SILVACO GROUP INC
N/A$19.80N/AN/AN/AN/AN/AN/AN/AN/A
LYFT
LYFT INC
$6.96B$17.24$18.054.72%Hold1912.01%N/AN/AN/A
KULR
KULR TECHNOLOGY GROUP INC
$81.25M$0.47$1.00112.77%Buy1123.80%N/AN/AN/A
DZSI
DZS INC
$54.84M$1.76$9.00411.36%Buy1-18.96%N/AN/AN/A
KD
KYNDRYL HOLDINGS INC
$6.07B$26.38$28.678.67%Strong Buy3-2.28%N/AN/AN/A
APPS
DIGITAL TURBINE INC
$228.53M$2.24$4.50100.89%Hold14.28%N/AN/AN/A
DTSS
DATASEA INC
$18.78M$7.40N/AN/AN/AN/AN/AN/AN/AN/A
PRO
PROS HOLDINGS INC
$1.45B$30.76$43.3340.87%Strong Buy317.26%N/AN/AN/A
COMP
COMPASS INC
$2.01B$4.06$3.97-2.24%Buy811.10%N/AN/AN/A
COHR
COHERENT CORP
$8.31B$54.52$64.5618.41%Strong Buy97.30%N/AN/AN/A
SNPO
SNAP ONE HOLDINGS CORP
$812.81M$10.62$11.064.17%Buy45.25%N/AN/AN/A
DGHI
DIGIHOST TECHNOLOGY INC
$40.77M$1.42N/AN/AN/AN/AN/AN/AN/AN/A
CMTL
COMTECH TELECOMMUNICATIONS CORP
$47.84M$1.68$18.25986.31%Strong Buy1-0.45%N/AN/AN/A
NOVT
NOVANTA INC
$5.81B$161.77N/AN/AN/AN/A10.36%N/AN/AN/A
MSAI
MULTISENSOR AI HOLDINGS INC
$30.01M$2.51$8.00218.73%Strong Buy1165.58%N/AN/AN/A
MLNK
MERIDIANLINK INC
$1.29B$16.78$20.0019.19%Sell34.03%N/AN/AN/A
CSLR
COMPLETE SOLARIA INC
$32.40M$0.66$6.00809.09%Strong Buy1N/AN/AN/AN/A
CXAI
CXAPP INC
$52.93M$3.47N/AN/AN/AN/AN/AN/AN/AN/A
PRST
PRESTO AUTOMATION INC
$13.65M$0.17$1.31675.15%Buy227.03%N/AN/AN/A
TGL
TREASURE GLOBAL INC
$5.20M$4.70N/AN/AN/AN/AN/AN/AN/AN/A
CYN
CYNGN INC
$12.31M$0.09N/AN/AN/AN/AN/AN/AN/AN/A
MICS
SINGING MACHINE CO INC
$6.37M$0.99$4.00302.82%Buy1N/AN/AN/AN/A
FAAS
DIGIASIA CORP
$446.90M$7.95N/AN/AN/AN/AN/AN/AN/AN/A
VOXX
VOXX INTERNATIONAL CORP
$123.61M$5.47N/AN/AN/AN/AN/AN/AN/AN/A
STER
STERLING CHECK CORP
$1.50B$15.36$15.631.73%Buy45.76%N/AN/AN/A
IFBD
INFOBIRD CO LTD
$125.59k$3.94N/AN/AN/AN/AN/AN/AN/AN/A
BCOV
BRIGHTCOVE INC
$86.04M$1.93$4.00107.25%Buy2N/AN/AN/AN/A
RDDT
REDDIT INC
$8.19B$50.11$54.879.49%Buy15N/AN/AN/AN/A
SANG
SANGOMA TECHNOLOGIES CORP
$149.97M$4.50N/AN/AN/AN/AN/AN/AN/AN/A
RBT
RUBICON TECHNOLOGIES INC
$14.33M$0.27$1.60497.01%Strong Buy16.28%N/AN/AN/A
WTO
UTIME LTD
$4.36M$0.32N/AN/AN/AN/AN/AN/AN/AN/A
FEBO
FENBO HOLDINGS LTD
$137.51M$12.50N/AN/AN/AN/AN/AN/AN/AN/A
CORZ
CORE SCIENTIFIC INC
$693.36M$3.90$6.7573.08%Strong Buy2N/AN/AN/AN/A
GETR
GETAROUND INC
$18.92M$0.20N/AN/AN/AN/A54.04%N/AN/AN/A
ETWO
E2OPEN PARENT HOLDINGS INC
$1.51B$4.92$4.50-8.54%Hold13.90%N/AN/AN/A
EMKR
EMCORE CORP
$8.58M$1.11N/AN/AN/AN/AN/AN/AN/AN/A
APCX
APPTECH PAYMENTS CORP
$22.36M$0.91N/AN/AN/AN/AN/AN/AN/AN/A
DXC
DXC TECHNOLOGY CO
$3.59B$19.62$23.3318.92%Sell3-4.22%N/AN/AN/A
RYDE
RYDE GROUP LTD
$170.49M$8.92$9.000.90%Strong Buy1N/AN/AN/AN/A
MSTR
MICROSTRATEGY INC
$22.41B$1,263.64$1.68k32.85%Strong Buy45.84%N/AN/AN/A
INFA
INFORMATICA INC
$8.96B$29.89$35.5518.92%Buy116.55%N/AN/AN/A
SMTC
SEMTECH CORP
$2.52B$39.00$40.443.69%Strong Buy87.28%N/AN/AN/A
RNG
RINGCENTRAL INC
$3.27B$35.46$37.395.43%Buy136.93%N/AN/AN/A

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65-0.07%+2.97%+1.60%-4.37%8.85x2.74x+51.61%+8.82%+16.03%+17.37%Buy
38-0.95%+6.09%-5.26%+144.72%34.13x13.22x-26.40%+10.41%+17.74%+18.53%Buy
18+0.51%+2.42%+2.94%-3.89%28.04x22.39x+143.01%+28.07%+54.24%+20.94%Buy
44+0.58%+6.34%+3.54%+20.98%21.34x3.76x+20.93%+9.63%+15.11%+6.57%Buy
10+0.36%+6.67%-2.48%+36.90%14.59x1.41x+11.26%+3.61%+11.72%+0.13%Hold
66-1.92%+1.98%-4.35%+18.75%27.18x4.52x+24.36%+8.06%+16.35%+17.96%Buy
33+0.99%+3.01%+1.94%+8.27%13.06x3.26x+8.85%+6.49%+9.43%+6.21%Buy
29+0.34%+4.38%-2.61%+54.39%36.95x11.66x+50.95%+18.22%+30.75%+8.88%Buy
69-0.33%+3.86%-0.50%+45.92%63.09x8.02x+52.30%+30.16%+33.94%+13.90%Buy
251+0.72%+3.35%-4.35%+28.93%34.10x6.46x+6.62%+4.32%+7.46%+19.02%Buy
138-0.06%+1.20%-4.44%+16.60%43.42x11.38x+26.58%+15.19%+24.54%+20.91%Buy
23-0.36%+2.29%-7.14%-46.24%24.22x2.58x+11.31%+7.30%+11.41%+32.87%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 17.78% over the past year, underperforming other tech stocks by -9 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 52% from Rambus's current stock price of $55.92.

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 32.65% over the past year, overperforming other tech stocks by 6 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, an upside of 10.65% from Logitech International Sa's current stock price of $84.80.

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 -21.36% over the past year, underperforming other tech stocks by -48 percentage points.

Epam Systems has an average 1 year price target of $310.27, an upside of 70.54% from Epam Systems's current stock price of $181.93.

Epam Systems stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Epam Systems, 53.33% have issued a Strong Buy rating, 20% have issued a Buy, 26.67% 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 4.52%. 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 161.29%, which is 157 percentage points higher than the tech sector average of 4.52%. 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 141.77%, which is 137 percentage points higher than the tech sector average of 4.52%.

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 0.06% in the last day, and up 3.29% over the last week. Sezzle was the among the top gainers in the technology sector, gaining 75.66% yesterday.

Sezzle shares are trading higher after the company reported a year-over-year increase in Q1 financial results.

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 -21.79% in the past year. It has underperformed other stocks in the tech sector by -49 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 -5.72% in the past year. It has underperformed other stocks in the tech sector by -33 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 -15.45% in the past year. It has underperformed other stocks in the tech sector by -42 percentage points.

Are tech stocks a good buy now?

39.93% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 16.32% 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 42.63x.
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.