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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)
MKSI
MKS INSTRUMENTS INC
United States
$8.58B67,196,55669.89%30.11%Net SellingNet Selling
RTC
BAIJIAYUN GROUP LTD
China
$131.80M96,277,0460.11%0.00%
FRGT
FREIGHT TECHNOLOGIES INC
United States
$1.54M2,191,9246.95%0.00%
AISP
AIRSHIP AI HOLDINGS INC
United States
$121.80M22,852,0481.46%98.54%Net Buying
XBP
XBP EUROPE HOLDINGS INC
United States
$104.37M30,166,10218.38%81.62%Net Selling
KC
KINGSOFT CLOUD HOLDINGS LTD
China
$846.45M3,805,284,8010.89%0.00%
MOGO
MOGO INC
Canada
$43.88M24,515,90914.92%0.00%
SGN
SIGNING DAY SPORTS INC
United States
$4.84M15,365,3120.11%21.32%Net Buying
NUKK
NUKKLEUS INC
China
$1.62M1,814,6964.70%0.55%
EVBG
EVERBRIDGE INC
United States
$1.45B41,616,02787.18%12.82%Net SellingNet Selling
POET
POET TECHNOLOGIES INC
Canada
$91.35M42,488,0452.25%0.00%
SATS
ECHOSTAR CORP
United States
$4.24B271,522,44516.06%9.67%Net BuyingNet Buying
CLVT
CLARIVATE PLC
United States
$4.17B668,237,61061.94%38.06%Net SellingNet Selling
LKCO
LUOKUNG TECHNOLOGY CORP
China
$10.35M17,517,8171.65%0.00%
EGIO
EDGIO INC
United States
$52.89M5,638,6708.81%91.19%Net BuyingNet Selling
UAVS
AGEAGLE AERIAL SYSTEMS INC
United States
$7.37M10,891,4273.71%96.29%Net BuyingNet Buying
SQNS
SEQUANS COMMUNICATIONS
France
$29.31M246,262,00415.83%0.00%
ALIT
ALIGHT INC
United States
$4.32B561,490,28272.90%27.10%Net SellingNet Selling
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
India
$2.28M694,477100.00%0.00%
BAND
BANDWIDTH INC
United States
$581.21M27,007,71766.61%13.11%Net SellingNet Selling
CISO
CISO GLOBAL INC
United States
$11.74M12,232,3795.12%94.88%
NTRP
NEXTTRIP INC
United States
$1.87M780,4231.58%98.42%Net Buying
RPD
RAPID7 INC
United States
$2.36B62,324,54752.65%47.35%Net SellingNet Selling
UMAC
UNUSUAL MACHINES INC
Puerto Rico
$10.08M9,083,3410.00%100.00%Net BuyingNet Buying
PHUN
PHUNWARE INC
United States
$59.48M8,027,08258.65%41.35%Net SellingNet Buying
KNW
KNOW LABS INC
United States
$48.81M81,346,5242.81%42.02%Net Buying
KVYO
KLAVIYO INC
United States
$6.37B264,559,58128.21%2.31%Net SellingNet Selling
CAMP
CALAMP CORP
United States
$6.53M1,652,02048.24%51.76%Net SellingNet Selling
XTIA
XTI AEROSPACE INC
United States
$17.36M9,919,41121.66%78.34%Net SellingNet Selling
RMCO
ROYALTY MANAGEMENT HOLDING CORP
United States
$12.98M14,504,0950.62%17.84%
SYNA
SYNAPTICS INC
United States
$3.62B39,497,53893.01%5.01%Net SellingNet Selling
DBD
DIEBOLD NIXDORF INC
United States
$1.54B37,566,66882.65%17.35%Net SellingNet Selling
NATL
NCR ATLEOS CORP
United States
$1.62B72,100,00087.31%0.63%Net BuyingNet Buying
ZEPP
ZEPP HEALTH CORP
China
$53.10M240,827,1513.58%0.00%
ALAB
ASTERA LABS INC
United States
$10.91B155,701,3010.00%31.91%Net BuyingNet Buying
TURB
TURBO ENERGY SA
Spain
$13.00M55,085,7000.11%0.00%
NOTE
FISCALNOTE HOLDINGS INC
United States
$169.00M131,009,71935.03%64.97%Net SellingNet Selling
OST
OSTIN TECHNOLOGY GROUP CO LTD
China
$5.90M14,006,2500.76%0.00%
SATX
SATIXFY COMMUNICATIONS LTD
Israel
$53.77M83,114,1934.90%0.00%
WAVD
WAVEDANCER INC
United States
$5.92M2,013,1801.67%98.33%Net Buying
EZFL
EZFILL HOLDINGS INC
United States
$12.71M4,673,4700.41%99.59%Net Buying
ARBB
ARB IOT GROUP LTD
Singapore
$26.17M26,437,5000.06%0.00%
MRVL
MARVELL TECHNOLOGY INC
United States
$58.61B866,000,00069.01%30.99%Net SellingNet Selling
MRT
MARTI TECHNOLOGIES INC
United States
$96.96M57,036,0943.92%0.00%
XRX
XEROX HOLDINGS CORP
United States
$1.69B124,198,43249.56%50.44%Net SellingNet Buying
FCUV
FOCUS UNIVERSAL INC
United States
$19.50M64,771,8174.42%19.81%
BNZI
BANZAI INTERNATIONAL INC
United States
$6.24M20,068,0971.11%98.89%Net BuyingNet Buying
RBRK
RUBRIK INC
United States
N/A175,433,7850.00%0.00%
SLNH
SOLUNA HOLDINGS INC
United States
$7.32M2,841,4900.98%99.02%Net Buying
XELA
EXELA TECHNOLOGIES INC
United States
$15.40M6,365,3510.26%99.74%Net BuyingNet Buying
MRDB
MARIADB PLC
Ireland
$34.42M67,749,42918.03%27.49%
NA
NANO LABS LTD
China
$38.25M65,831,4370.01%0.00%
LPL
LG DISPLAY CO LTD
Republic Of Korea
$2.82B357,815,7003.85%0.00%
ST
SENSATA TECHNOLOGIES HOLDING PLC
United Kingdom
$6.43B150,738,90743.63%56.37%Net BuyingNet Buying
NVNI
NVNI GROUP LTD
Cayman Islands
N/A31,617,3700.15%0.00%
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
Ireland
$19.25B209,988,54212.42%87.58%Net SellingNet Selling
ISDR
ISSUER DIRECT CORP
United States
$45.77M3,817,37914.76%85.24%Net BuyingNet Buying
ENV
ENVESTNET INC
United States
$3.65B55,109,09768.04%31.96%Net BuyingNet Buying
ASTS
AST SPACEMOBILE INC
United States
$604.26M256,042,83613.46%45.65%Net SellingNet Selling
JFU
9F INC
China
$35.32M235,466,6600.01%0.00%
UPLD
UPLAND SOFTWARE INC
United States
$81.95M27,592,89951.11%48.89%Net SellingNet Selling
AUUD
AUDDIA INC
United States
$3.80M2,194,19616.03%83.97%Net SellingNet Selling
LEDS
SEMILEDS CORP
Taiwan
$10.15M7,175,2380.18%99.82%Net Buying
MINM
MINIM INC
United States
$11.21M2,965,9000.13%99.87%Net Buying
COMM
COMMSCOPE HOLDING COMPANY INC
United States
$235.63M212,276,65884.12%5.76%Net BuyingNet Buying
TCX
TUCOWS INC
Canada
$212.99M10,950,65615.08%84.92%Net SellingNet Selling
MOBX
MOBIX LABS INC
United States
$73.81M25,808,1210.70%34.36%Net Buying
ASNS
ACTELIS NETWORKS INC
United States
$1.72M3,020,26811.14%27.92%Net SellingNet Selling
UIS
UNISYS CORP
United States
$338.53M69,228,51585.78%10.04%Net SellingNet Selling
CAUD
COLLECTIVE AUDIENCE INC
United States
$7.41M13,158,0781.88%55.39%Net SellingNet Selling
LDTC
LEDDARTECH HOLDINGS INC
Canada (Federal Level)
$63.58M28,770,9307.89%0.00%
ROMA
ROMA GREEN FINANCE LTD
Hong Kong
$7.91M10,425,2890.00%0.00%
WISA
WISA TECHNOLOGIES INC
United States
$5.09M1,672,9381.16%98.84%Net Selling
MFI
MF INTERNATIONAL LTD
Hong Kong
N/A13,145,0000.00%0.00%
AWIN
AERWINS TECHNOLOGIES INC
Japan
$2.59M924,8904.95%95.05%
INTZ
INTRUSION INC
United States
$2.96M1,944,6758.92%91.08%Net BuyingNet Buying
HUBC
HUB CYBER SECURITY LTD
Israel
$8.22M8,879,1360.05%55.28%
ZPTA
ZAPATA COMPUTING HOLDINGS INC
United States
$36.66M29,804,90423.45%7.26%
ASTI
ASCENT SOLAR TECHNOLOGIES INC
United States
$3.20M30,735,5010.02%99.98%Net BuyingNet Buying
OPTX
SYNTEC OPTICS HOLDINGS INC
United States
$18.60M6,139,7160.51%99.49%
AILE
ILEARNINGENGINES INC
United States
$63.75M8,204,5301.90%98.10%Net BuyingNet Buying
RXT
RACKSPACE TECHNOLOGY INC
United States
$430.72M219,755,45179.53%18.47%Net SellingNet Selling
VVPR
VIVOPOWER INTERNATIONAL PLC
United States
$9.23M2,578,8260.02%15.78%Net BuyingNet Buying
GCTS
GCT SEMICONDUCTOR HOLDING INC
United States
$73.76M12,566,36022.68%77.32%
KSPI
JOINT STOCK CO KASPIKZ
Kazakhstan
$23.20B190,008,8900.09%0.00%

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.