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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
NXTT
NEXT TECHNOLOGY HOLDING INC
$11.16M$2.63M-$4.23M-$4.23M-$0.04N/AN/AN/AN/A2024-07-12
MIND
MIND TECHNOLOGY INC
$6.28M$36.51M$3.13M-$3.51M-$2.5045.97%-3.19%N/AN/A2024-06-11
VRAR
GLIMPSE GROUP INC
$19.15M$11.76M-$23.68M-$25.35M-$1.802.67%N/AN/AN/A2024-05-13
ATGL
ALPHA TECHNOLOGY GROUP LTD
$73.87M$1.11M-$733.22k-$873.53k-$0.1397.05%N/AN/AN/A
ONTF
ON24 INC
$266.26M$158.37M-$36.75M-$44.90M-$1.04-14.60%N/AN/AN/A
EGHT
8X8 INC
$319.66M$733.82M-$2.37M-$53.43M-$0.44-0.94%16.76%N/AN/A
VYX
NCR VOYIX CORP
$1.81B$2.80B$443.00M-$488.00M-$3.46-1.48%-15.30%N/AN/A2024-05-29
BNAI
BRAND ENGAGEMENT NETWORK INC
$48.28M$35.21k-$11.04M-$11.73M-$0.15125.10%N/AN/AN/A
MNDR
MOBILE-HEALTH NETWORK SOLUTIONS
N/A$7.87M-$3.01M-$3.21M-$29.6712.68%N/AN/AN/A
ASYS
AMTECH SYSTEMS INC
$73.46M$108.80M-$15.52M-$21.43M-$1.511.54%2.60%N/AN/A
ZFOX
ZEROFOX HOLDINGS INC
$142.32M$233.30M-$298.73M-$356.31M-$2.8877.58%N/AN/AN/A2024-06-04
BLIN
BRIDGELINE DIGITAL INC
$13.33M$15.56M-$8.32M-$9.98M-$0.96-6.37%5.37%N/AN/A2024-05-13
UEIC
UNIVERSAL ELECTRONICS INC
$162.81M$403.98M-$13.27M-$45.52M-$3.52-22.12%-10.40%N/AN/A2024-06-11
RDWR
RADWARE LTD
$806.04M$257.34M-$17.65M-$19.73M-$0.46-10.88%1.30%N/AN/A
PSFE
PAYSAFE LTD
$936.90M$1.60B$444.82M-$20.25M-$0.337.02%7.02%N/AN/A2024-05-23
CAN
CANAAN INC
$242.37M$211.48M-$403.37M-$414.15M-$2.41-67.54%-11.62%N/AN/A2024-05-17
BCAN
BYND CANNASOFT ENTERPRISES INC
$1.16M$1.08M-$18.37M-$18.50M-$91.20-4.11%N/AN/AN/A
SGE
STRONG GLOBAL ENTERTAINMENT INC
$15.44M$42.62M-$345.00k-$1.91M-$0.289.40%N/AN/AN/A
ELWS
EARLYWORKS CO LTD
$8.83M$440.88k-$2.28M-$2.25M-$0.16-77.83%N/AN/AN/A
VUZI
VUZIX CORP
$77.67M$9.94M-$44.93M-$49.96M-$0.78-26.49%4.64%N/AN/A2024-06-13
COHU
COHU INC
$1.39B$564.57M$65.05M-$2.16M-$0.06-28.93%2.28%N/AN/A2024-06-05
U
UNITY SOFTWARE INC
$8.48B$2.15B-$315.89M-$860.05M-$2.2536.66%N/AN/AN/A
GB
GLOBAL BLUE GROUP HOLDING AG
$1.00B$434.24M$148.99M$22.97M$0.1159.85%N/AN/A-2.03%2024-06-05
TTMI
TTM TECHNOLOGIES INC
$1.87B$2.26B$174.34M-$2.44M-$0.02-8.14%1.36%N/AN/A
OLB
OLB GROUP INC
$8.43M$30.57M-$16.30M-$23.30M-$6.500.67%27.65%N/AN/A2024-05-13
EXTR
EXTREME NETWORKS INC
$1.40B$1.22B$65.16M-$6.33M-$0.06-0.19%3.69%N/AN/A
WLDS
WEARABLE DEVICES LTD
$6.65M$82.00k-$8.12M-$7.81M-$0.4882.22%N/AN/AN/A
FARO
FARO TECHNOLOGIES INC
$363.95M$358.11M-$23.07M-$42.68M-$2.241.14%-2.40%N/AN/A2024-06-13
QMCO
QUANTUM CORP
$51.80M$407.47M-$14.29M-$38.30M-$0.407.00%-1.10%N/AN/A2024-06-27
PRCH
PORCH GROUP INC
$308.47M$458.38M-$42.98M-$108.56M-$1.1352.92%N/AN/AN/A
GWRE
GUIDEWIRE SOFTWARE INC
$9.71B$925.75M-$43.82M-$50.73M-$0.626.42%4.83%N/AN/A2024-05-30
SSNT
SILVERSUN TECHNOLOGIES INC
$76.28M$55.82M-$323.12k-$1.21M-$0.2218.55%7.69%N/AN/A
UCTT
ULTRA CLEAN HOLDINGS INC
$1.98B$1.78B$95.60M-$37.10M-$0.83-20.71%11.30%N/AN/A
JUNE
JUNEE LTD
N/A$6.14M$202.59k$38.68k$0.00-36.17%N/AN/AN/A
DPSI
DECISIONPOINT SYSTEMS INC
$76.88M$115.59M$7.75M$2.49M$0.3318.66%26.88%-23.26%-17.04%2024-05-13
MODN
MODEL N INC
$1.17B$256.31M$21.47M$262.00k$0.008.56%11.87%N/AN/A
MRIN
MARIN SOFTWARE INC
$7.92M$17.18M-$15.56M-$18.55M-$6.26-11.64%-21.24%N/AN/A
VECO
VEECO INSTRUMENTS INC
$2.15B$687.42M$22.02M-$17.26M-$0.366.87%7.32%N/AN/A
AFRM
AFFIRM HOLDINGS INC
$9.77B$2.11B-$531.73M-$678.58M-$2.2340.05%N/AN/AN/A
SYNX
SILYNXCOM LTD
$12.12M$7.63M-$2.58M-$2.82M-$0.895.08%N/AN/AN/A
SPT
SPROUT SOCIAL INC
$1.59B$355.22M-$55.87M-$69.75M-$1.2530.78%N/AN/AN/A
DATS
DATCHAT INC
$5.09M$672.00-$8.32M-$8.40M-$4.14-98.55%N/AN/AN/A
LPTH
LIGHTPATH TECHNOLOGIES INC
$55.88M$32.78M-$2.32M-$6.46M-$0.181.93%-0.19%N/AN/A
XTKG
X3 HOLDINGS CO LTD
$215.56M$16.82M-$104.02M-$109.60M-$3.5660.50%-6.19%N/AN/A
CRNC
CERENCE INC
$223.51M$348.58M-$196.24M-$282.13M-$6.7816.49%N/AN/AN/A
WK
WORKIVA INC
$4.51B$655.52M-$23.28M-$93.06M-$1.7217.39%20.84%N/AN/A
PWSC
POWERSCHOOL HOLDINGS INC
$3.69B$723.16M$178.24M-$38.84M-$0.2312.90%N/AN/AN/A
RUN
SUNRUN INC
$2.50B$2.13B-$145.67M-$1.45B-$6.66-11.90%21.31%N/AN/A
TTEC
TTEC HOLDINGS INC
$345.74M$2.41B$186.93M-$12.52M-$0.26-3.30%9.50%N/AN/A
DZSI
DZS INC
$52.97M$389.46M-$34.42M-$51.52M-$1.7612.49%8.88%N/AN/A
APPS
DIGITAL TURBINE INC
$219.35M$572.38M-$91.88M-$197.65M-$1.97-19.38%42.52%N/AN/A2024-05-22
PRTH
PRIORITY TECHNOLOGY HOLDINGS INC
$291.44M$776.30M$159.87M-$45.30M-$0.5811.63%17.41%N/AN/A2024-05-22
LYFT
LYFT INC
$6.93B$4.68B-$26.14M-$184.21M-$0.4710.90%13.04%N/AN/A2024-06-13
VLD
VELO3D INC
$57.84M$77.44M-$116.11M-$135.14M-$0.68-1.60%N/AN/AN/A2024-06-10
SVCO
SILVACO GROUP INC
N/A$54.25M$1.74M-$316.00k-$0.0216.72%N/AN/AN/A
KULR
KULR TECHNOLOGY GROUP INC
$79.00M$9.83M-$20.51M-$23.69M-$0.20146.08%50.48%N/AN/A2024-05-15
OCC
OPTICAL CABLE CORP
$23.48M$68.74M$2.04M-$168.76k-$0.02-5.73%-4.61%N/AN/A2024-06-10
DTSS
DATASEA INC
$19.09M$23.68M-$7.74M-$8.71M-$4.77213.21%587.95%N/AN/A
WRAP
WRAP TECHNOLOGIES INC
$65.88M$9.13M-$14.38M-$15.55M-$0.3832.04%445.50%N/AN/A2024-05-17
KD
KYNDRYL HOLDINGS INC
$6.27B$16.46B$953.00M-$1.03B-$4.54-4.33%-5.46%N/AN/A
COHR
COHERENT CORP
$8.19B$4.60B$532.28M-$414.57M-$2.87-5.03%28.34%N/AN/A2024-05-14
PRO
PROS HOLDINGS INC
$1.45B$311.21M-$37.64M-$48.71M-$1.0510.04%8.68%N/AN/A
DGHI
DIGIHOST TECHNOLOGY INC
$38.76M$26.11M-$6.80M-$21.89M-$0.777.95%N/AN/AN/A2024-05-14
NOVT
NOVANTA INC
$5.79B$893.45M$156.48M$69.29M$1.932.01%7.42%-6.31%3.56%2024-06-05
SNPO
SNAP ONE HOLDINGS CORP
$812.04M$1.06B$101.84M-$29.75M-$0.38-3.95%N/AN/AN/A
MSAI
MULTISENSOR AI HOLDINGS INC
$30.25M$5.43M-$21.12M-$22.27M-$3.56-25.29%N/AN/AN/A
BAND
BANDWIDTH INC
$583.64M$634.31M$16.83M-$29.19M-$1.139.43%25.42%N/AN/A2024-05-23
MLNK
MERIDIANLINK INC
$1.28B$304.30M$79.53M-$42.18M-$0.534.06%N/AN/AN/A
CMTL
COMTECH TELECOMMUNICATIONS CORP
$48.41M$571.27M$11.15M-$48.35M-$1.7011.15%-2.25%N/AN/A2024-06-06
COMP
COMPASS INC
$1.93B$4.98B-$209.50M-$303.80M-$0.62-10.69%N/AN/AN/A
IFBD
INFOBIRD CO LTD
$125.91k$2.93MN/A-$12.10M-$1.07k-43.24%N/AN/AN/A
BCOV
BRIGHTCOVE INC
$84.26M$202.61M$9.81M-$9.60M-$0.22-1.98%4.13%N/AN/A
FEBO
FENBO HOLDINGS LTD
$147.79M$15.19M$802.68k-$186.48k-$0.02-0.39%N/AN/AN/A
TGL
TREASURE GLOBAL INC
$5.85M$53.59M-$8.88M-$9.37M-$33.60-26.93%N/AN/AN/A
PRST
PRESTO AUTOMATION INC
$13.41M$21.20M-$48.24M-$66.42M-$1.31-30.61%N/AN/AN/A2024-05-16
RDDT
REDDIT INC
$8.75BN/AN/AN/AN/AN/AN/AN/AN/A
CSLR
COMPLETE SOLARIA INC
$28.92M$87.62M-$253.67M-$269.56M-$4.9431.80%N/AN/AN/A
WTO
UTIME LTD
$4.15M$21.82M-$10.24M-$11.68M-$0.95-48.64%N/AN/AN/A
FAAS
DIGIASIA CORP
$477.26M$77.77M-$10.40M-$15.31M-$50.68-100.00%N/AN/AN/A
CYN
CYNGN INC
$10.76M$622.03k-$22.21M-$23.15M-$0.49-45.19%N/AN/AN/A
LPSN
LIVEPERSON INC
$50.78M$379.47M-$63.15M-$118.65M-$1.44-22.91%8.02%N/AN/A
CORZ
CORE SCIENTIFIC INC
$647.13M$561.04M$171.47M-$35.41M$0.26-1.30%N/AN/AN/A
VOXX
VOXX INTERNATIONAL CORP
$134.23M$497.35M-$12.83M-$39.14M-$1.63-11.40%1.50%N/AN/A2024-05-14
CXAI
CXAPP INC
$54.00MN/AN/AN/AN/AN/AN/AN/AN/A
RBT
RUBICON TECHNOLOGIES INC
$12.72M$697.58M-$15.31M-$56.94M-$2.503.29%N/AN/AN/A
MICS
SINGING MACHINE CO INC
$6.08M$32.58M-$5.97M-$9.38M-$2.40-15.92%-7.53%N/AN/A
STER
STERLING CHECK CORP
$1.49B$726.37M$95.02M-$8.66M-$0.10-3.68%N/AN/AN/A2024-05-22
SANG
SANGOMA TECHNOLOGIES CORP
$144.97M$182.50M$9.32M-$22.32M-$0.67-0.57%N/AN/AN/A
MOGO
MOGO INC
$43.15M$49.10M$2.88M-$10.67M-$0.421.02%2.87%N/AN/A
RNG
RINGCENTRAL INC
$3.26B$2.25B$152.37M-$139.34M-$1.499.67%25.46%N/AN/A
ETWO
E2OPEN PARENT HOLDINGS INC
$1.51B$634.55M-$827.79M-$1.07B-$3.52-2.71%15.77%N/AN/A2024-07-05
SGN
SIGNING DAY SPORTS INC
$4.50M$307.58k-$4.44M-$5.48M-$0.41292.64%N/AN/AN/A
RYDE
RYDE GROUP LTD
$148.13M$6.37M-$8.93M-$9.43M-$0.74-0.30%N/AN/AN/A
DXC
DXC TECHNOLOGY CO
$3.55B$13.87B$1.01B-$465.00M-$1.82-6.57%-8.01%N/AN/A2024-05-16
KC
KINGSOFT CLOUD HOLDINGS LTD
$823.50M$974.75M-$142.36M-$301.02M-$1.27-15.30%25.36%N/AN/A2024-05-22
NUKK
NUKKLEUS INC
$1.56M$0.00-$220.77k-$220.77k-$0.18N/AN/AN/AN/A
EMKR
EMCORE CORP
$8.12M$96.89M-$64.58M-$69.35M-$12.30320.13%2.51%N/AN/A
XBP
XBP EUROPE HOLDINGS INC
$115.84M$166.57M$605.00k-$11.05M-$0.49-7.71%N/AN/AN/A
FRGT
FREIGHT TECHNOLOGIES INC
$1.41M$17.06M-$8.01M-$9.33M-$7.79-34.10%3.45%N/AN/A
MSTR
MICROSTRATEGY INC
$20.94B$489.59M-$277.73M-$85.19M-$9.26-2.45%-0.02%N/AN/A

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%+7.63%+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. Sap Se (NYSE:SAP)


Sap Se (NYSE:SAP) has an annual dividend yield of N/A, which is N/A percentage points lower than the tech sector average of 4.57%. Sap Se's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Sap Se's dividend has shown consistent growth over the last 10 years.

Sap Se's dividend payout ratio of 49.1% indicates that its dividend yield is sustainable for the long-term.

3. 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.

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