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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
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
APCX
APPTECH PAYMENTS CORP
$21.99M$0.89N/AN/AN/AN/AN/AN/AN/AN/A
RNG
RINGCENTRAL INC
$3.17B$34.38$37.188.15%Buy116.93%N/AN/AN/A
NUKK
NUKKLEUS INC
$1.60M$0.88N/AN/AN/AN/AN/AN/AN/AN/A
SGN
SIGNING DAY SPORTS INC
$4.53M$0.30N/AN/AN/AN/AN/AN/AN/AN/A
RYDE
RYDE GROUP LTD
$142.20M$7.44$9.0020.97%Strong Buy1N/AN/AN/AN/A
KC
KINGSOFT CLOUD HOLDINGS LTD
$820.95M$3.22$4.3535.09%Strong Buy44.51%N/AN/AN/A
RTC
BAIJIAYUN GROUP LTD
$132.86M$1.38N/AN/AN/AN/AN/AN/AN/AN/A
UAVS
AGEAGLE AERIAL SYSTEMS INC
$7.41M$0.68N/AN/AN/AN/AN/AN/AN/AN/A
SQNS
SEQUANS COMMUNICATIONS
$30.91M$0.50N/AN/AN/AN/A35.05%N/A-4,672.98%254.90%
CLVT
CLARIVATE PLC
$4.12B$6.16$8.0029.87%Sell51.10%N/AN/AN/A
ALIT
ALIGHT INC
$4.37B$7.78$13.0067.10%Strong Buy59.91%N/AN/AN/A
EGIO
EDGIO INC
$51.14M$9.07$8.50-6.28%Hold210.91%N/AN/AN/A
CISO
CISO GLOBAL INC
$11.28M$0.92N/AN/AN/AN/AN/AN/AN/AN/A
BAND
BANDWIDTH INC
$571.21M$21.15$30.5044.21%Strong Buy68.08%N/AN/AN/A
POET
POET TECHNOLOGIES INC
$85.83M$2.02N/AN/AN/AN/AN/AN/AN/AN/A
SATS
ECHOSTAR CORP
$4.19B$15.45$19.5026.25%Hold4-11.26%N/AN/AN/A
LKCO
LUOKUNG TECHNOLOGY CORP
$10.16M$0.58N/AN/AN/AN/AN/AN/AN/AN/A
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
$2.35M$3.39N/AN/AN/AN/AN/AN/AN/AN/A
WRAP
WRAP TECHNOLOGIES INC
$67.21M$1.52N/AN/AN/AN/AN/AN/AN/AN/A
XTIA
XTI AEROSPACE INC
$18.75M$1.89N/AN/AN/AN/AN/AN/AN/AN/A
TURB
TURBO ENERGY SA
$13.33M$1.21N/AN/AN/AN/AN/AN/AN/AN/A
OST
OSTIN TECHNOLOGY GROUP CO LTD
$6.02M$0.43N/AN/AN/AN/AN/AN/AN/AN/A
ARBB
ARB IOT GROUP LTD
$27.23M$1.03N/AN/AN/AN/AN/AN/AN/AN/A
ALAB
ASTERA LABS INC
$10.78B$69.26$86.0924.30%Strong Buy11N/AN/AN/AN/A
NOTE
FISCALNOTE HOLDINGS INC
$159.83M$1.22$3.50186.89%Strong Buy4-6.18%N/AN/AN/A
UMAC
UNUSUAL MACHINES INC
$9.81M$1.08N/AN/AN/AN/AN/AN/AN/AN/A
PHUN
PHUNWARE INC
$57.31M$7.14$22.50215.13%Strong Buy212.17%N/AN/AN/A
XRX
XEROX HOLDINGS CORP
$1.67B$13.46$17.0026.30%Strong Sell1-2.43%N/AN/AN/A
NATL
NCR ATLEOS CORP
$1.64B$22.73$26.5016.59%Buy2N/AN/AN/AN/A
FCUV
FOCUS UNIVERSAL INC
$21.96M$0.34N/AN/AN/AN/AN/AN/AN/AN/A
MRVL
MARVELL TECHNOLOGY INC
$58.98B$68.11$87.1928.01%Strong Buy2713.89%N/AN/AN/A
MRT
MARTI TECHNOLOGIES INC
$99.81M$1.75$0.90-48.57%Strong Buy1N/AN/AN/AN/A
ZEPP
ZEPP HEALTH CORP
$50.51M$0.84N/AN/AN/AN/AN/AN/AN/AN/A
EZFL
EZFILL HOLDINGS INC
$13.27M$2.84N/AN/AN/AN/AN/AN/AN/AN/A
NTRP
NEXTTRIP INC
$1.83M$2.34$3.0028.21%Hold1N/AN/AN/AN/A
WAVD
WAVEDANCER INC
$6.34M$3.15N/AN/AN/AN/AN/AN/AN/AN/A
SATX
SATIXFY COMMUNICATIONS LTD
$52.36M$0.63N/AN/AN/AN/AN/AN/AN/AN/A
FRGT
FREIGHT TECHNOLOGIES INC
$395.58k$0.70N/AN/AN/AN/AN/AN/AN/AN/A
KNW
KNOW LABS INC
$50.35M$0.62$1.0061.55%Buy1N/AN/AN/AN/A
RMCO
ROYALTY MANAGEMENT HOLDING CORP
$12.76M$0.88N/AN/AN/AN/AN/AN/AN/AN/A
DBD
DIEBOLD NIXDORF INC
$1.53B$40.64$39.50-2.81%Strong Buy2N/AN/AN/AN/A
CAMP
CALAMP CORP
$6.36M$3.85$6.9079.22%Strong Sell1-10.51%N/AN/AN/A
MOGO
MOGO INC
$44.13M$1.80$8.00344.44%Buy19.70%N/AN/AN/A
BNZI
BANZAI INTERNATIONAL INC
$6.04M$0.30$3.00896.68%Buy1N/AN/AN/AN/A
RBRK
RUBRIK INC
N/A$33.57N/AN/AN/AN/AN/AN/AN/AN/A
SLNH
SOLUNA HOLDINGS INC
$7.64M$2.69N/AN/AN/AN/AN/AN/AN/AN/A
XELA
EXELA TECHNOLOGIES INC
$15.72M$2.47N/AN/AN/AN/AN/AN/AN/AN/A
VYX
NCR VOYIX CORP
$1.82B$12.62$18.6047.39%Buy5-5.67%N/AN/AN/A
LPL
LG DISPLAY CO LTD
$2.86B$4.00N/AN/AN/AN/AN/AN/AN/AN/A
ST
SENSATA TECHNOLOGIES HOLDING PLC
$6.41B$42.55$43.782.89%Hold93.20%N/AN/AN/A
MRDB
MARIADB PLC
$33.94M$0.50N/AN/AN/AN/AN/AN/AN/AN/A
NA
NANO LABS LTD
$39.10M$0.59N/AN/AN/AN/AN/AN/AN/AN/A
NVNI
NVNI GROUP LTD
N/A$1.42$5.00252.11%Strong Buy1N/AN/AN/AN/A
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
$18.91B$90.05$93.313.62%Buy1317.45%N/A-153.18%40.78%
AUUD
AUDDIA INC
$3.73M$1.70N/AN/AN/AN/AN/AN/AN/AN/A
JFU
9F INC
$35.86M$3.05N/AN/AN/AN/AN/AN/AN/AN/A
ENV
ENVESTNET INC
$3.51B$63.76$64.140.60%Buy77.86%N/AN/AN/A
ASTS
AST SPACEMOBILE INC
$588.90M$2.30$11.13384.04%Strong Buy3N/AN/AN/AN/A
ISDR
ISSUER DIRECT CORP
$45.21M$11.85N/AN/AN/AN/AN/AN/AN/AN/A
MINM
MINIM INC
$10.71M$3.61N/AN/AN/AN/AN/AN/AN/AN/A
UPLD
UPLAND SOFTWARE INC
$81.26M$2.95$3.7527.33%Hold2-5.81%N/AN/AN/A
LEDS
SEMILEDS CORP
$10.33M$1.44N/AN/AN/AN/AN/AN/AN/AN/A
COMM
COMMSCOPE HOLDING COMPANY INC
$222.88M$1.05$1.5042.86%Sell2-0.11%N/AN/AN/A
TCX
TUCOWS INC
$189.83M$17.37N/AN/AN/AN/AN/AN/AN/AN/A
CORZ
CORE SCIENTIFIC INC
$618.03M$3.48$6.7593.97%Strong Buy2N/AN/AN/AN/A
CAUD
COLLECTIVE AUDIENCE INC
$7.50M$0.57N/AN/AN/AN/AN/AN/AN/AN/A
ASNS
ACTELIS NETWORKS INC
$1.75M$0.58N/AN/AN/AN/AN/AN/AN/AN/A
ROMA
ROMA GREEN FINANCE LTD
$7.84M$0.75N/AN/AN/AN/AN/AN/AN/AN/A
LDTC
LEDDARTECH HOLDINGS INC
$63.87M$2.22$7.00215.32%Strong Buy1-22.91%N/AN/AN/A
MOBX
MOBIX LABS INC
$77.68M$3.01N/AN/AN/AN/AN/AN/AN/AN/A
WISA
WISA TECHNOLOGIES INC
$5.77M$3.45N/AN/AN/AN/AN/AN/AN/AN/A
MFI
MF INTERNATIONAL LTD
N/A$1.20N/AN/AN/AN/AN/AN/AN/AN/A
UIS
UNISYS CORP
$342.68M$4.95N/AN/AN/AN/A0.99%N/AN/AN/A
INTZ
INTRUSION INC
$2.99M$1.54$50.003,146.75%Buy2N/AN/AN/AN/A
AWIN
AERWINS TECHNOLOGIES INC
$2.85M$3.08N/AN/AN/AN/AN/AN/AN/AN/A
HUBC
HUB CYBER SECURITY LTD
$7.90M$0.89N/AN/AN/AN/AN/AN/AN/AN/A
ZPTA
ZAPATA COMPUTING HOLDINGS INC
$36.96M$1.24N/AN/AN/AN/AN/AN/AN/AN/A
KSPI
JOINT STOCK CO KASPIKZ
$22.47B$118.27$147.6724.86%Strong Buy3N/AN/AN/AN/A
AILE
ILEARNINGENGINES INC
$72.94M$8.89$18.00102.47%Strong Buy1N/AN/AN/AN/A
RXT
RACKSPACE TECHNOLOGY INC
$408.75M$1.86$2.3526.34%Hold5-0.62%N/AN/AN/A
ASTI
ASCENT SOLAR TECHNOLOGIES INC
$447.67k$0.12N/AN/AN/AN/AN/AN/AN/AN/A
VVPR
VIVOPOWER INTERNATIONAL PLC
$9.15M$3.55N/AN/AN/AN/AN/AN/AN/AN/A
OPTX
SYNTEC OPTICS HOLDINGS INC
$19.66M$3.20N/AN/AN/AN/AN/AN/AN/AN/A
GCTS
GCT SEMICONDUCTOR HOLDING INC
$75.65M$6.02N/AN/AN/AN/AN/AN/AN/AN/A

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+0.16%+3.89%+3.01%-4.39%8.37x2.73x+51.66%+8.85%+16.07%+17.52%Buy
38+1.76%+9.78%-5.92%+145.64%34.05x13.18x-26.24%+10.42%+17.72%+17.36%Buy
18-0.71%+3.14%+3.03%-4.62%27.77x22.18x+142.90%+28.05%+54.20%+21.56%Buy
44+0.41%+7.78%+3.36%+19.24%21.22x3.73x+20.98%+9.64%+15.15%+7.18%Buy
10+0.73%+5.65%-1.07%+36.64%14.44x1.40x+11.25%+3.60%+11.72%-0.37%Hold
66+0.09%+4.95%-2.29%+20.65%27.57x4.58x+24.38%+8.10%+16.41%+15.53%Buy
33-0.37%+4.12%+1.30%+6.32%12.72x3.24x+9.47%+6.56%+9.41%+7.14%Buy
29-0.23%+6.69%-2.07%+51.27%37.04x11.68x+51.00%+18.23%+30.75%+9.23%Buy
69+0.65%+6.61%+0.43%+43.58%64.25x8.11x+52.51%+30.29%+34.08%+13.63%Buy
251-0.75%+4.08%-5.43%+28.64%33.78x6.43x+6.42%+4.29%+7.38%+19.29%Buy
138-0.63%+1.92%-3.96%+16.23%43.19x11.38x+26.17%+15.18%+24.52%+20.64%Buy
23-2.59%+4.79%-2.65%-46.76%30.34x2.55x+12.57%+7.78%+11.94%+33.43%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 15.43% over the past year, underperforming other tech stocks by -11 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 51.87% from Rambus's current stock price of $55.97.

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 30.78% over the past year, overperforming other tech stocks by 5 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, an upside of 11.19% from Logitech International Sa's current stock price of $84.39.

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. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the third best tech stock with a Zen Score of 64, which is 35 points higher than the tech sector average of 29. It passed 21 out of 33 due diligence checks and has strong fundamentals. Agilysys has seen its stock return 5.84% over the past year, underperforming other tech stocks by -20 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 24.08% from Agilysys's current stock price of $80.59.

Agilysys stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Agilysys, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% 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 4.47%. 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 156.74%, which is 152 percentage points higher than the tech sector average of 4.47%. 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 141.41%, which is 137 percentage points higher than the tech sector average of 4.47%.

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 down?

Tech stocks were down -0.21% in the last day, and up 4.8% over the last week. Doubleverify Holdings was the among the top losers in the technology sector, dropping -38.57% yesterday.

DoubleVerify Holdings shares are trading lower after the company reported 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. 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 -7.15% in the past year. It has underperformed other stocks in the tech sector by -33 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 -18.11% in the past year. It has underperformed other stocks in the tech sector by -44 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 79 points higher than the tech sector average of 21. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -23.46% in the past year. It has underperformed other stocks in the tech sector by -50 percentage points.

Are tech stocks a good buy now?

39.39% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 16.16% 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 42.94x.
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.