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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
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
EMKR
EMCORE CORP
NASDAQ
Semiconductors
$21.11M$2.73-6.83%-$64.58M-0.22x0.79
MKSI
MKS INSTRUMENTS INC
NASDAQ
Scientific & Technical Instruments
$8.10B$120.753.85%-$1.18B-4.38x2.69
APCX
APPTECH PAYMENTS CORP
NASDAQ
Software - Infrastructure
$21.33M$0.86-2.92%-$17.48M-0.86x0.99
RNG
RINGCENTRAL INC
NYSE
Software - Application
$2.83B$30.642.10%$113.09M-17.61x-4.47
UIS
UNISYS CORP
NYSE
Information Technology Services
$373.52M$5.460.00%-$231.50M-0.87x-13.86
SMTC
SEMTECH CORP
NASDAQ
Semiconductors
$2.31B$35.773.08%-$861.25M-2.10x-5.47
MRVL
MARVELL TECHNOLOGY INC
NASDAQ
Semiconductors
$60.29B$69.623.17%$830.00M-64.46x0.43
XBP
XBP EUROPE HOLDINGS INC
NASDAQ
Software - Infrastructure
$45.25M$1.5019.05%$605.00k-3.06x-9.18
SGN
SIGNING DAY SPORTS INC
NYSEMKT
Software - Application
$4.53M$0.30-5.45%-$4.44M-0.72x1.70
XTKG
X3 HOLDINGS CO LTD
NASDAQ
Software - Application
$2.69M$0.643.39%-$65.30M-0.02x0.66
ST
SENSATA TECHNOLOGIES HOLDING PLC
NYSE
Scientific & Technical Instruments
$5.26B$34.981.75%$506.99M-1,166.00x1.56
WRAP
WRAP TECHNOLOGIES INC
NASDAQ
Scientific & Technical Instruments
$81.35M$1.84-2.13%-$14.38M-4.84x0.54
CISO
CISO GLOBAL INC
NASDAQ
Software - Infrastructure
$13.80M$1.130.71%-$74.41M-0.16x2.20
MLNK
MERIDIANLINK INC
NYSE
Software - Application
$1.34B$17.500.63%$77.39M-33.02x0.96
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
NASDAQ
Software - Application
$2.88M$4.15-0.24%-$3.78M-3.01x2.41
UAVS
AGEAGLE AERIAL SYSTEMS INC
NYSEMKT
Computer Hardware
$7.35M$0.68-6.25%-$37.66M-0.08x1.35
INFA
INFORMATICA INC
NYSE
Software - Infrastructure
$9.41B$31.900.19%$257.34M-74.19x1.35
SQNS
SEQUANS COMMUNICATIONS
NYSE
Semiconductors
$32.32M$0.532.34%-$15.14MN/A-19.33
POET
POET TECHNOLOGIES INC
NASDAQ
Semiconductors
$106.22M$2.5026.26%-$18.28M-4.90x0.78
GBTG
GLOBAL BUSINESS TRAVEL GROUP INC
NYSE
Software - Application
$2.84B$6.000.17%$263.00M-24.00x2.10
CLVT
CLARIVATE PLC
NYSE
Information Technology Services
$4.74B$7.121.71%-$10.50M-4.84x1.12
LKCO
LUOKUNG TECHNOLOGY CORP
NASDAQ
Software - Application
$8.50M$0.49-0.61%N/A-0.19x0.99
PHUN
PHUNWARE INC
NASDAQ
Software - Application
$51.21M$6.383.91%-$51.02M-0.29x-1.59
XTIA
XTI AEROSPACE INC
NASDAQ
Software - Application
$24.80M$2.500.81%-$38.24M-0.03x2.69
MRT
MARTI TECHNOLOGIES INC
NYSEMKT
Software - Application
$85.55M$1.504.90%-$17.00M-2.24x-2.23
FRGT
FREIGHT TECHNOLOGIES INC
NASDAQ
Software - Application
$562.29k$1.008.86%N/A-0.23x2.37
UMAC
UNUSUAL MACHINES INC
NYSEMKT
Communication Equipment
$12.90M$1.42-0.70%-$1.79M-2.63x0.08
SATX
SATIXFY COMMUNICATIONS LTD
NYSEMKT
Communication Equipment
$49.79M$0.602.39%-$16.22M-1.62x-1.93
NATL
NCR ATLEOS CORP
NYSE
Information Technology Services
$1.52B$21.06-2.18%$449.00M-11.08x19.20
OST
OSTIN TECHNOLOGY GROUP CO LTD
NASDAQ
Electronic Components
$5.94M$0.423.92%-$6.78M-0.54x3.04
RMCO
ROYALTY MANAGEMENT HOLDING CORP
NASDAQ
Software - Application
$13.87M$0.960.63%-$1.28M-6.83x0.42
NTRP
NEXTTRIP INC
NASDAQ
Information Technology Services
$2.16M$2.77-6.73%-$5.76M-0.25x0.44
KNW
KNOW LABS INC
NYSEMKT
Scientific & Technical Instruments
$52.63M$0.655.20%-$14.28M-1.75x3.09
NOTE
FISCALNOTE HOLDINGS INC
NYSE
Information Technology Services
$179.48M$1.377.87%-$80.69M-1.56x7.53
FCUV
FOCUS UNIVERSAL INC
NASDAQ
Scientific & Technical Instruments
$20.86M$0.3213.78%-$4.51M-4.03x0.50
WAVD
WAVEDANCER INC
NASDAQ
Information Technology Services
$4.63M$2.305.41%-$1.63M-2.21x0.99
TURB
TURBO ENERGY SA
NASDAQ
Solar
$12.67M$1.15-4.17%-$2.79M-5.35x1.90
ARBB
ARB IOT GROUP LTD
NASDAQ
Information Technology Services
$28.29M$1.07-0.93%$5.23M-0.92x1.66
EZFL
EZFILL HOLDINGS INC
NASDAQ
Software - Application
$11.26M$2.411.26%-$7.39M-0.86x-4.00
ZEPP
ZEPP HEALTH CORP
NYSE
Consumer Electronics
$51.36M$0.851.55%-$12.65M-1.77x0.81
OMQS
OMNIQ CORP
NASDAQ
Software - Application
$4.20M$0.399.47%-$23.78M-0.11x-2.13
MRDB
MARIADB PLC
NYSE
Software - Infrastructure
$35.97M$0.53-0.19%-$43.08M-0.74x-1.57
DBD
DIEBOLD NIXDORF INC
NYSE
Software - Application
$1.20B$32.03-0.90%N/AN/A2.90
CAMP
CALAMP CORP
NASDAQ
Communication Equipment
$5.44M$3.305.61%-$68.86M-0.05x-4.79
ISDR
ISSUER DIRECT CORP
NYSEMKT
Software - Application
$45.59M$11.953.11%$5.38M59.75x0.84
MOGO
MOGO INC
NASDAQ
Software - Infrastructure
$45.84M$1.87-0.53%$266.91k-3.53x1.22
SLNH
SOLUNA HOLDINGS INC
NASDAQ
Information Technology Services
$7.22M$2.54-0.39%-$13.91M-0.09x1.43
RBRK
RUBRIK INC
NYSE
Software - Application
N/A$38.002.70%-$272.87M-6.51x-1.11
MODN
MODEL N INC
NYSE
Software - Application
$1.16B$29.640.07%-$12.33M-35.29x3.14
BNZI
BANZAI INTERNATIONAL INC
NASDAQ
Software - Application
$7.16M$0.362.00%-$8.67M-0.17x-1.17
ALIT
ALIGHT INC
NYSE
Software - Application
$5.13B$9.110.00%$222.00M-13.01x1.35
LPL
LG DISPLAY CO LTD
NYSE
Consumer Electronics
$2.83B$3.95-0.25%$1.78B-1.37x3.73
NA
NANO LABS LTD
NASDAQ
Semiconductors
$31.27M$0.4819.05%-$243.59M-0.11x-24.88
VYX
NCR VOYIX CORP
NYSE
Information Technology Services
$1.75B$12.13-0.25%$634.00M-3.89x187.56
XELA
EXELA TECHNOLOGIES INC
NASDAQ
Software - Application
$12.86M$2.021.51%$83.90M-0.09x-1.75
NVNI
NVNI GROUP LTD
NASDAQ
Software - Application
N/A$1.44-0.69%N/A-0.54x13.00
JFU
9F INC
NASDAQ
Information Technology Services
$36.73M$3.12-8.37%N/A-0.43x0.15
SYNX
SILYNXCOM LTD
NYSEMKT
Consumer Electronics
N/A$3.24-4.71%N/AN/A2.56
MINM
MINIM INC
NASDAQ
Communication Equipment
$11.03M$3.720.00%-$16.44M-0.41x105.63
ASTS
AST SPACEMOBILE INC
NASDAQ
Communication Equipment
$570.98M$2.231.83%-$34.09M-2.08x1.49
ELWS
EARLYWORKS CO LTD
NASDAQ
Software - Application
$9.94M$0.66-10.07%-$2.63M-3.53x1.17
YIBO
PLANET IMAGE INTERNATIONAL LTD
NASDAQ
Computer Hardware
N/A$2.3313.66%N/AN/A2.38
LEDS
SEMILEDS CORP
NASDAQ
Semiconductors
$11.37M$1.591.60%-$1.82M-2.83x2.93
AUUD
AUDDIA INC
NASDAQ
Software - Application
$3.88M$1.775.36%-$5.64M-0.14x9.47
MNY
MONEYHERO LTD
NASDAQ
Software - Application
$89.40M$2.32-1.28%N/A-0.05x-2.02
CORZ
CORE SCIENTIFIC INC
NASDAQ
Software - Infrastructure
$618.03M$3.480.58%-$63.12M-5.35x-2.19
RYDE
RYDE GROUP LTD
NYSEMKT
Software - Application
N/A$3.32-8.29%N/AN/A-1.45
MFI
MF INTERNATIONAL LTD
NASDAQ
Software - Application
N/A$2.33-77.68%N/AN/A2.09
ROMA
ROMA GREEN FINANCE LTD
NASDAQ
Information Technology Services
$8.07M$0.77-1.02%N/AN/A-2.69
MOBX
MOBIX LABS INC
NASDAQ
Semiconductors
$90.33M$3.5033.59%N/AN/A8.50
WISA
WISA TECHNOLOGIES INC
NASDAQ
Semiconductors
$8.87M$5.30-14.10%-$17.69M-0.01x-1.89
ENV
ENVESTNET INC
NYSE
Software - Application
$3.41B$62.15-0.34%-$70.51M-14.19x2.29
CAUD
COLLECTIVE AUDIENCE INC
NASDAQ
Information Technology Services
$5.13M$0.39-11.36%-$3.88M-0.00x2.92
LDTC
LEDDARTECH HOLDINGS INC
NASDAQ
Software - Application
$65.02M$2.261.80%-$80.06M-0.02x13.16
ASNS
ACTELIS NETWORKS INC
NASDAQ
Communication Equipment
$2.36M$0.784.00%-$5.49M-0.30x47.31
INTZ
INTRUSION INC
NASDAQ
Software - Infrastructure
$3.85M$1.983.13%-$10.34M-0.17x-1.65
ZPTA
ZAPATA COMPUTING HOLDINGS INC
NASDAQ
Software - Application
$47.09M$1.58-1.86%-$29.21M-0.27x-0.24
HUBC
HUB CYBER SECURITY LTD
NASDAQ
Software - Infrastructure
$9.59M$1.08-6.09%-$111.08M-0.07x-2.17
OPTX
SYNTEC OPTICS HOLDINGS INC
NASDAQ
Electronic Components
$22.84M$3.722.48%$551.30k-124.00x-1.48
AILE
ILEARNINGENGINES INC
NASDAQ
Software - Application
$65.64M$8.0018.34%-$5.20M-21.62x-1.01
GCTS
GCT SEMICONDUCTOR HOLDING INC
NYSE
Semiconductors
$60.07M$4.781.49%-$610.01k-53.11x-1.02
RXT
RACKSPACE TECHNOLOGY INC
NASDAQ
Software - Infrastructure
$384.57M$1.754.17%-$189.90M-0.45x-27.51
AWIN
AERWINS TECHNOLOGIES INC
NASDAQ
Scientific & Technical Instruments
$1.87M$2.9922.54%-$24.53M-0.06x-1.20
VVPR
VIVOPOWER INTERNATIONAL PLC
NASDAQ
Solar
$9.39M$3.64-2.15%-$11.87M-16.55x-16.20
ASTI
ASCENT SOLAR TECHNOLOGIES INC
NASDAQ
Solar
$379.38k$0.103.09%-$14.13M-0.00x-5.13

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+0.31%+6.01%-1.36%-12.46%11.59x2.68x+70.29%+9.31%+17.58%+19.03%Buy
38+4.31%+12.35%-11.23%+159.22%38.37x13.83x-27.35%+9.81%+18.41%+18.07%Buy
18-0.40%+1.90%-3.07%-5.43%24.48x20.71x+149.67%+28.22%+53.07%+24.37%Buy
44+1.18%+4.26%-1.56%+17.15%25.95x3.53x+21.21%+9.66%+15.16%+15.12%Buy
10+0.10%+2.48%+0.38%+38.33%13.08x1.36x+12.28%+3.94%+12.67%+3.08%Hold
66+0.06%+0.75%-5.13%+15.50%23.55x4.51x+25.53%+7.94%+16.36%+17.16%Buy
33+1.03%+1.91%-3.61%+3.43%-7.72x3.09x+9.11%+6.17%+9.01%+10.94%Buy
29+2.84%+8.44%-2.58%+58.51%39.68x11.61x+50.74%+18.11%+30.50%+10.54%Buy
69+3.12%+11.44%-1.24%+41.38%59.70x7.96x+52.19%+30.05%+33.79%+13.52%Buy
252+0.47%+3.25%-8.89%+28.13%91.33x6.53x+7.71%+4.52%+7.12%+19.83%Buy
138+1.21%+3.76%-4.42%+18.44%77.56x11.33x-37.66%+15.05%+24.39%+19.65%Buy
23+2.96%+3.82%+0.53%-48.93%31.93x2.50x+11.78%+7.31%+11.13%+36.86%Buy

Tech Stocks FAQ

What are the best tech stocks to buy right now in Apr 2024?

According to Zen Score, the 3 best technology stocks to buy right now are:

1. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the top tech stock with a Zen Score of 72, which is 42 points higher than the tech sector average of 30. It passed 26 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 40.81% over the past year, overperforming other tech stocks by 15 percentage points.

Logitech International Sa has an average 1 year price target of $96.40, an upside of 21.63% from Logitech International Sa's current stock price of $79.26.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Logitech International Sa, 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. Full Truck Alliance Co (NYSE:YMM)


Full Truck Alliance Co (NYSE:YMM) is the second best tech stock with a Zen Score of 68, which is 38 points higher than the tech sector average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 39.43% over the past year, overperforming other tech stocks by 14 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -31.58% from Full Truck Alliance Co's current stock price of $8.77.

Full Truck Alliance Co stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Full Truck Alliance Co, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Perficient (NASDAQ:PRFT)


Perficient (NASDAQ:PRFT) is the third best tech stock with a Zen Score of 67, which is 37 points higher than the tech sector average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Perficient has seen its stock lose -30.86% over the past year, underperforming other tech stocks by -56 percentage points.

Perficient has an average 1 year price target of $70.20, an upside of 63.29% from Perficient's current stock price of $42.99.

Perficient stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Perficient, 0% have issued a Strong Buy rating, 40% have issued a Buy, 60% 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 122 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 4.54%. 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 164.11%, which is 160 percentage points higher than the tech sector average of 4.54%. 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 136.59%, which is 132 percentage points higher than the tech sector average of 4.54%.

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 1.36% in the last day, and up 5.1% over the last week. Astera Labs was the among the top gainers in the technology sector, gaining 18.73% yesterday.

Shares of semiconductor and chip stocks are trading higher following strong earnings from Microsoft, which could be lifting AI optimism.

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 76 points higher than the tech sector average of 24. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -12.67% in the past year. It has underperformed other stocks in the tech sector by -38 percentage points.

2. Eltek (NASDAQ:ELTK)


Eltek (NASDAQ:ELTK) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Eltek has a valuation score of 100, which is 76 points higher than the tech sector average of 24. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 171.68% in the past year. It has overperformed other stocks in the tech sector by 146 percentage points.

3. Himax Technologies (NASDAQ:HIMX)


Himax Technologies (NASDAQ:HIMX) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Himax Technologies has a valuation score of 100, which is 76 points higher than the tech sector average of 24. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -23.05% in the past year. It has underperformed other stocks in the tech sector by -49 percentage points.

Are tech stocks a good buy now?

40.36% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 17.11% 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 57.16x.
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.