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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
UEIC
UNIVERSAL ELECTRONICS INC
United States
$162.81M12,890,71653.68%46.32%Net BuyingNet Selling
MNDR
MOBILE-HEALTH NETWORK SOLUTIONS
Cayman Islands
N/A34,000,0000.00%0.00%
ONTF
ON24 INC
United States
$266.26M41,865,36034.91%65.09%Net SellingNet Selling
ZFOX
ZEROFOX HOLDINGS INC
United States
$142.32M124,843,02425.39%30.30%Net SellingNet Selling
ELWS
EARLYWORKS CO LTD
Japan
$8.83M15,039,4000.11%0.00%
SGH
SMART GLOBAL HOLDINGS INC
United States
$991.55M52,297,04765.09%34.91%Net SellingNet Selling
PSFE
PAYSAFE LTD
United Kingdom
$936.90M61,719,44350.93%0.00%
SGE
STRONG GLOBAL ENTERTAINMENT INC
United States
$15.44M7,877,8420.17%78.01%Net Selling
VUZI
VUZIX CORP
United States
$77.67M64,726,09235.73%10.11%Net BuyingNet Buying
DMRC
DIGIMARC CORP
United States
$490.73M21,373,32347.14%52.86%Net BuyingNet Buying
QTWO
Q2 HOLDINGS INC
United States
$3.74B60,099,51260.63%39.37%Net SellingNet Selling
NXTT
NEXT TECHNOLOGY HOLDING INC
China
$11.16M2,625,1300.25%99.75%
MIND
MIND TECHNOLOGY INC
United States
$6.28M1,405,7796.03%93.97%
SVRE
SAVERONE 2014 LTD
Israel
$8.96M69,579,2310.11%0.00%
AMST
AMESITE INC
United States
$9.00M2,542,4400.87%99.13%Net Buying
INVE
IDENTIV INC
United States
$96.80M23,382,45910.50%89.50%Net Buying
CCCS
CCC INTELLIGENT SOLUTIONS HOLDINGS INC
United States
$6.53B614,584,23866.56%33.44%Net SellingNet Selling
EGHT
8X8 INC
United States
$319.66M123,421,41780.19%19.81%Net SellingNet Selling
BNAI
BRAND ENGAGEMENT NETWORK INC
United States
$48.28M33,296,9955.88%54.17%Net BuyingNet Buying
ASYS
AMTECH SYSTEMS INC
United States
$73.46M14,208,79543.38%56.01%Net BuyingNet Buying
QMCO
QUANTUM CORP
United States
$51.80M95,040,60841.61%58.39%Net Selling
SYNX
SILYNXCOM LTD
Israel
$12.12M5,075,0000.00%0.00%
LPTH
LIGHTPATH TECHNOLOGIES INC
United States
$55.88M38,807,43244.79%29.13%
TTMI
TTM TECHNOLOGIES INC
United States
$1.87B101,776,19269.00%31.00%Net SellingNet Selling
PRCH
PORCH GROUP INC
United States
$308.47M99,186,76748.32%48.05%Net BuyingNet Selling
AHI
ADVANCED HEALTH INTELLIGENCE LTD
Australia
$11.76M217,703,9690.00%0.00%
AFRM
AFFIRM HOLDINGS INC
United States
$9.77B309,124,63962.39%16.46%Net SellingNet Selling
JUNE
JUNEE LTD
Hong Kong
N/A12,714,2860.00%0.00%
GB
GLOBAL BLUE GROUP HOLDING AG
Switzerland
$1.00B199,574,70176.91%4.08%
OLB
OLB GROUP INC
United States
$8.43M1,809,2887.46%92.54%Net Buying
DPSI
DECISIONPOINT SYSTEMS INC
United States
$76.88M7,680,3344.20%95.80%Net Buying
WLDS
WEARABLE DEVICES LTD
Israel
$6.65M20,387,4280.13%0.00%
SSNT
SILVERSUN TECHNOLOGIES INC
United States
$76.28M5,315,5810.64%99.36%Net SellingNet Selling
VECO
VEECO INSTRUMENTS INC
United States
$2.15B56,637,66291.48%8.52%Net SellingNet Selling
SPT
SPROUT SOCIAL INC
United States
$1.59B56,538,01059.10%40.90%Net SellingNet Selling
EXTR
EXTREME NETWORKS INC
United States
$1.40B129,947,60082.73%17.27%Net SellingNet Selling
UCTT
ULTRA CLEAN HOLDINGS INC
United States
$1.98B44,905,93364.92%35.08%Net SellingNet Selling
GWRE
GUIDEWIRE SOFTWARE INC
United States
$9.71B83,322,11070.98%29.02%Net SellingNet Selling
COHU
COHU INC
United States
$1.39B47,085,87388.69%6.52%Net Selling
DATS
DATCHAT INC
United States
$5.09M3,009,3290.64%91.94%
CRNC
CERENCE INC
United States
$223.51M41,777,24222.83%77.17%Net BuyingNet Buying
FARO
FARO TECHNOLOGIES INC
United States
$363.95M19,205,87389.81%10.19%Net BuyingNet Selling
XTKG
X3 HOLDINGS CO LTD
China
$215.56M259,708,0710.01%0.00%
U
UNITY SOFTWARE INC
United States
$8.48B390,861,71754.60%45.40%Net SellingNet Selling
MODN
MODEL N INC
United States
$1.17B39,422,99765.83%34.17%Net SellingNet Selling
MRIN
MARIN SOFTWARE INC
United States
$7.92M3,106,3617.22%92.78%Net SellingNet Selling
PWSC
POWERSCHOOL HOLDINGS INC
United States
$3.69B203,652,28248.27%51.73%Net SellingNet Selling
KD
KYNDRYL HOLDINGS INC
United States
$6.27B230,103,34871.45%20.82%Net Buying
DZSI
DZS INC
United States
$52.97M31,159,77823.33%48.40%Net Selling
WK
WORKIVA INC
United States
$4.51B54,824,87786.13%12.72%Net BuyingNet Selling
LYFT
LYFT INC
United States
$6.93B403,483,64074.43%22.05%Net SellingNet Selling
TTEC
TTEC HOLDINGS INC
United States
$345.74M47,557,16519.36%80.64%Net SellingNet Selling
SVCO
SILVACO GROUP INC
United States
N/A28,545,6630.00%74.98%
WRAP
WRAP TECHNOLOGIES INC
United States
$65.88M44,214,1698.83%45.47%Net Selling
APPS
DIGITAL TURBINE INC
United States
$219.35M102,021,34235.42%64.58%Net SellingNet Selling
VLD
VELO3D INC
United States
$57.84M261,704,58649.40%50.60%Net SellingNet Selling
KULR
KULR TECHNOLOGY GROUP INC
United States
$79.00M172,869,3073.42%23.29%Net SellingNet Selling
OCC
OPTICAL CABLE CORP
United States
$23.48M7,853,35713.60%26.45%Net Selling
DTSS
DATASEA INC
China
$19.09M2,538,28611.16%88.84%
RUN
SUNRUN INC
United States
$2.50B221,662,91057.02%42.98%Net SellingNet Buying
PRTH
PRIORITY TECHNOLOGY HOLDINGS INC
United States
$291.44M80,065,1458.33%91.67%Net SellingNet Selling
NOVT
NOVANTA INC
United States
$5.79B35,893,90675.86%24.14%Net SellingNet Selling
SNPO
SNAP ONE HOLDINGS CORP
United States
$812.04M76,535,64476.45%23.55%Net SellingNet Selling
DGHI
DIGIHOST TECHNOLOGY INC
Canada
$38.76M28,711,5821.97%0.00%
BAND
BANDWIDTH INC
United States
$583.64M27,007,71766.61%13.11%Net SellingNet Selling
MLNK
MERIDIANLINK INC
United States
$1.28B76,708,67453.42%46.58%Net SellingNet Selling
CMTL
COMTECH TELECOMMUNICATIONS CORP
United States
$48.41M28,473,82269.92%6.37%Net BuyingNet Selling
COHR
COHERENT CORP
United States
$8.19B152,461,01386.50%10.15%Net SellingNet Selling
COMP
COMPASS INC
United States
$1.93B494,492,17255.05%44.95%Net SellingNet Selling
PRO
PROS HOLDINGS INC
United States
$1.45B47,004,36146.55%53.45%Net SellingNet Selling
MSAI
MULTISENSOR AI HOLDINGS INC
United States
$30.25M11,956,8230.02%87.68%
VOXX
VOXX INTERNATIONAL CORP
United States
$134.23M22,597,96335.57%64.43%Net Buying
PRST
PRESTO AUTOMATION INC
United States
$13.41M80,791,9678.56%68.69%Net Buying
RDDT
REDDIT INC
United States
$8.75B163,509,2560.00%2.64%Net SellingNet Selling
STER
STERLING CHECK CORP
United States
$1.49B97,751,38325.93%74.07%Net SellingNet Selling
WTO
UTIME LTD
China
$4.15M13,567,7931.07%0.00%
CXAI
CXAPP INC
United States
$54.00M15,254,3894.98%66.03%Net Selling
TGL
TREASURE GLOBAL INC
United States
$5.85M1,106,27637.46%62.54%Net Buying
MICS
SINGING MACHINE CO INC
United States
$6.08M6,418,0611.25%98.75%Net Buying
CORZ
CORE SCIENTIFIC INC
United States
$647.13M177,783,4800.00%6.14%Net BuyingNet Buying
CYN
CYNGN INC
United States
$10.76M141,542,7159.75%3.34%
FEBO
FENBO HOLDINGS LTD
Hong Kong
$147.79M11,000,0000.01%0.00%
LPSN
LIVEPERSON INC
United States
$50.78M88,614,09774.32%24.17%Net BuyingNet Buying
CSLR
COMPLETE SOLARIA INC
Cayman Islands
$28.92M49,096,53525.10%15.66%
BCOV
BRIGHTCOVE INC
United States
$84.26M44,582,48164.78%35.22%Net BuyingNet Buying
RBT
RUBICON TECHNOLOGIES INC
United States
$12.72M53,457,6860.14%99.86%Net BuyingNet Selling
SANG
SANGOMA TECHNOLOGIES CORP
Canada
$144.97M33,325,57518.78%0.00%
FAAS
DIGIASIA CORP
Singapore
$477.26M56,214,4512.53%62.63%Net BuyingNet Buying
IFBD
INFOBIRD CO LTD
China
$125.91k31,87678.10%0.00%
KC
KINGSOFT CLOUD HOLDINGS LTD
China
$823.50M3,805,284,8010.89%0.00%
INFA
INFORMATICA INC
United States
$8.84B299,633,84230.94%69.06%Net SellingNet Selling
SMTC
SEMTECH CORP
United States
$2.56B64,563,18196.07%3.93%Net SellingNet Selling
RYDE
RYDE GROUP LTD
Singapore
$148.13M19,113,4430.00%0.00%
MSTR
MICROSTRATEGY INC
United States
$20.94B17,737,43145.87%0.62%Net SellingNet Selling
NUKK
NUKKLEUS INC
China
$1.56M1,814,6964.70%0.55%
EMKR
EMCORE CORP
United States
$8.12M7,732,02844.77%55.23%Net BuyingNet Buying
DXC
DXC TECHNOLOGY CO
United States
$3.55B182,870,64696.14%2.91%Net SellingNet Buying
ETWO
E2OPEN PARENT HOLDINGS INC
United States
$1.51B306,526,29466.64%33.36%Net SellingNet Selling
XBP
XBP EUROPE HOLDINGS INC
United States
$115.84M30,166,10218.38%81.62%Net Selling
RNG
RINGCENTRAL INC
United States
$3.26B92,174,18986.28%10.79%Net SellingNet Selling

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%+7.62%+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. 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.