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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
MKSI
MKS INSTRUMENTS INC
$8.58B$3.70B-$1.09B-$1.78B-$26.672.67%13.24%N/AN/A
RTC
BAIJIAYUN GROUP LTD
$131.80M$9.99MN/A-$4.71M-$0.03-10.04%-26.80%N/AN/A2024-05-28
FRGT
FREIGHT TECHNOLOGIES INC
$1.54M$17.06M-$8.01M-$9.33M-$7.79-34.10%3.45%N/AN/A
AISP
AIRSHIP AI HOLDINGS INC
$121.80M$12.30M$17.30M$16.37M$1.20-15.46%N/AN/AN/A
XBP
XBP EUROPE HOLDINGS INC
$104.37M$166.57M$605.00k-$11.05M-$0.49-7.71%N/AN/AN/A
KC
KINGSOFT CLOUD HOLDINGS LTD
$846.45M$974.75M-$142.36M-$301.02M-$1.27-15.30%25.36%N/AN/A2024-05-21
MOGO
MOGO INC
$43.88M$49.10M$2.88M-$10.67M-$0.421.02%2.87%N/AN/A
SGN
SIGNING DAY SPORTS INC
$4.84M$307.58k-$4.44M-$5.48M-$0.41292.64%N/AN/AN/A
NUKK
NUKKLEUS INC
$1.62M$0.00-$220.77k-$220.77k-$0.18N/AN/AN/AN/A
EVBG
EVERBRIDGE INC
$1.45B$451.95M$16.55M-$52.73M-$1.292.77%23.18%N/AN/A2024-05-24
POET
POET TECHNOLOGIES INC
$91.35M$465.78k-$18.28M-$20.27M-$0.51-15.73%N/AN/AN/A2024-06-21
SATS
ECHOSTAR CORP
$4.24B$20.59B$8.23M-$1.84B-$7.03-8.57%61.22%N/AN/A
CLVT
CLARIVATE PLC
$4.17B$2.62B-$47.00M-$1.11B-$1.65-0.22%22.11%N/AN/A
LKCO
LUOKUNG TECHNOLOGY CORP
$10.35M$36.98MN/A-$43.90M-$2.62-78.25%N/AN/AN/A
EGIO
EDGIO INC
$52.89M$379.92M-$105.37M-$153.43M-$28.8037.59%13.71%N/AN/A2024-06-29
UAVS
AGEAGLE AERIAL SYSTEMS INC
$7.37M$13.74M-$37.66M-$42.42M-$8.04-28.03%163.68%N/AN/A2024-06-17
SQNS
SEQUANS COMMUNICATIONS
$29.31M$33.62M-$15.14M-$41.04MN/A-44.48%-3.54%N/AN/A
ALIT
ALIGHT INC
$4.32B$3.14B$159.00M-$391.00M-$0.774.84%N/AN/AN/A
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
$2.28M$22.62M-$3.78M-$1.91M-$1.3819.93%N/AN/AN/A
BAND
BANDWIDTH INC
$581.21M$634.31M$16.83M-$29.19M-$1.139.43%25.42%N/AN/A2024-05-23
CISO
CISO GLOBAL INC
$11.74M$57.06M-$74.41M-$80.23M-$7.2222.58%97.31%N/AN/A2024-05-29
NTRP
NEXTTRIP INC
$1.87M$522.87k-$5.76M-$5.92M-$10.97-36.70%1.37%N/AN/A2024-05-13
RPD
RAPID7 INC
$2.36B$799.63M-$2.38M-$121.09M-$1.9712.49%24.93%N/AN/A
UMAC
UNUSUAL MACHINES INC
$10.08M$0.00-$1.79M-$1.79M-$0.54N/AN/AN/AN/A
PHUN
PHUNWARE INC
$59.48M$4.83M-$51.02M-$52.79M-$22.18-25.90%-30.99%N/AN/A
KNW
KNOW LABS INC
$48.81M$0.00-$14.28M-$20.13M-$0.37-100.00%-100.00%N/AN/A2024-05-13
KVYO
KLAVIYO INC
$6.37BN/AN/AN/AN/AN/AN/AN/AN/A
CAMP
CALAMP CORP
$6.53M$264.74M-$68.86M-$101.35M-$62.33-7.05%-6.67%N/AN/A2024-07-08
XTIA
XTI AEROSPACE INC
$17.36M$4.56M-$38.24M-$45.95M-$76.42-25.32%3.96%N/AN/A2024-05-13
RMCO
ROYALTY MANAGEMENT HOLDING CORP
$12.98M$361.62k-$1.28M-$2.07M-$0.14109.41%N/AN/AN/A
SYNA
SYNAPTICS INC
$3.62B$939.30M$41.90M-$106.10M-$2.70-41.45%-9.71%N/AN/A
DBD
DIEBOLD NIXDORF INC
$1.54BN/AN/AN/AN/AN/AN/AN/AN/A
NATL
NCR ATLEOS CORP
$1.62B$4.19B$449.00M-$134.00M-$1.901.45%N/AN/AN/A
ZEPP
ZEPP HEALTH CORP
$53.10M$345.13M-$12.65M-$29.34M-$0.48-40.79%-7.78%N/AN/A2024-05-20
ALAB
ASTERA LABS INC
$10.91BN/AN/AN/AN/AN/AN/AN/AN/A
TURB
TURBO ENERGY SA
$13.00M$14.13M-$2.79M-$2.17M-$0.22-55.94%N/AN/AN/A
NOTE
FISCALNOTE HOLDINGS INC
$169.00M$132.65M-$80.69M-$115.46M-$0.8816.60%N/AN/AN/A
OST
OSTIN TECHNOLOGY GROUP CO LTD
$5.90M$57.53M-$6.78M-$10.95M-$0.78-45.43%N/AN/AN/A
SATX
SATIXFY COMMUNICATIONS LTD
$53.77M$11.74M-$16.22M-$29.72M-$0.377.12%N/AN/AN/A
WAVD
WAVEDANCER INC
$5.92M$7.98M-$1.63M-$2.03M-$1.04-27.59%-2.23%N/AN/A
EZFL
EZFILL HOLDINGS INC
$12.71M$23.22M-$7.39M-$10.47M-$2.7954.32%N/AN/AN/A2024-05-12
ARBB
ARB IOT GROUP LTD
$26.17M$245.76M$5.23M-$25.17M-$1.16-53.23%N/AN/AN/A
MRVL
MARVELL TECHNOLOGY INC
$58.61B$5.51B$830.00M-$933.40M-$1.08-6.96%13.96%N/AN/A2024-06-14
MRT
MARTI TECHNOLOGIES INC
$96.96M$20.03M-$17.00M-$33.82M-$0.67-19.84%N/AN/AN/A
XRX
XEROX HOLDINGS CORP
$1.69B$6.67B-$17.00M-$201.00M-$1.46-6.72%-6.64%N/AN/A2024-05-22
FCUV
FOCUS UNIVERSAL INC
$19.50M$1.05M-$4.51M-$4.72M-$0.08197.55%27.84%N/AN/A2024-05-17
BNZI
BANZAI INTERNATIONAL INC
$6.24M$4.56M-$8.67M-$14.41M-$2.10-14.47%N/AN/AN/A
RBRK
RUBRIK INC
N/A$627.89M-$272.87M-$354.16M-$5.844.68%N/AN/AN/A
SLNH
SOLUNA HOLDINGS INC
$7.32M$21.07M-$13.91M-$29.20M-$27.79-26.21%21.18%N/AN/A2024-05-13
XELA
EXELA TECHNOLOGIES INC
$15.40M$1.06B$83.90M-$133.84M-$22.37-1.21%-7.67%N/AN/A2024-06-13
MRDB
MARIADB PLC
$34.42M$53.92M-$43.08M-$47.93M-$0.7217.75%N/AN/AN/A
NA
NANO LABS LTD
$38.25M$78.34M-$243.59M-$252.82M-$4.29-92.03%N/AN/AN/A
LPL
LG DISPLAY CO LTD
$2.82B$15.43B$1.70B-$1.98B-$2.76-20.58%-5.51%N/AN/A2024-05-21
ST
SENSATA TECHNOLOGIES HOLDING PLC
$6.43B$4.06B$494.06M-$14.31M-$0.090.27%2.99%N/AN/A2024-06-11
NVNI
NVNI GROUP LTD
N/A$24.96MN/A-$84.73M-$2.6845.93%N/AN/AN/A
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
$19.25B$6.27B$461.00M-$270.00M-$1.30-25.49%-10.41%N/AN/A
ISDR
ISSUER DIRECT CORP
$45.77M$31.72M$5.52M$771.00k$0.2018.16%16.34%-41.18%0.00%2024-06-14
ENV
ENVESTNET INC
$3.65B$1.27B-$48.08M-$194.98M-$3.574.50%9.34%N/AN/A
ASTS
AST SPACEMOBILE INC
$604.26M$0.00-$34.09M-$87.56M-$1.07-100.00%N/AN/AN/A2024-05-15
JFU
9F INC
$35.32M$104.69MN/A-$85.07M-$7.28-30.12%N/AN/AN/A
UPLD
UPLAND SOFTWARE INC
$81.95M$291.53M-$52.11M-$141.37M-$4.79-7.64%11.82%N/AN/A
AUUD
AUDDIA INC
$3.80M$0.00-$5.64M-$8.81M-$12.93N/A-100.00%N/AN/A2024-05-29
LEDS
SEMILEDS CORP
$10.15M$5.67M-$1.82M-$2.79M-$0.56-9.41%-2.85%N/AN/A2024-05-16
MINM
MINIM INC
$11.21M$26.11M-$16.44M-$17.63M-$9.08-48.43%-4.18%N/AN/A2024-06-18
COMM
COMMSCOPE HOLDING COMPANY INC
$235.63M$4.96B-$384.30M-$1.88B-$8.85-28.80%1.74%N/AN/A
TCX
TUCOWS INC
$212.99M$346.36M-$13.75M-$103.60M-$9.518.08%1.02%N/AN/A
MOBX
MOBIX LABS INC
$73.81MN/AN/AN/AN/AN/AN/AN/AN/A
ASNS
ACTELIS NETWORKS INC
$1.72M$5.61M-$5.49M-$6.29M-$2.61-36.52%N/AN/AN/A
UIS
UNISYS CORP
$338.53M$1.99B-$217.30M-$404.80M-$5.92-3.06%-1.08%N/AN/A2024-05-22
CAUD
COLLECTIVE AUDIENCE INC
$7.41M$28.63M-$3.88M-$6.45M-$4.08k-7.22%N/AN/AN/A
LDTC
LEDDARTECH HOLDINGS INC
$63.58M$6.16M-$80.06M-$77.13M-$108.08-26.90%N/AN/AN/A
ROMA
ROMA GREEN FINANCE LTD
$7.91MN/AN/AN/AN/AN/AN/AN/AN/A
WISA
WISA TECHNOLOGIES INC
$5.09M$2.08M-$17.69M-$25.08M-$477.00-38.10%8.68%N/AN/A2024-05-13
MFI
MF INTERNATIONAL LTD
N/AN/AN/AN/AN/AN/AN/AN/AN/A
AWIN
AERWINS TECHNOLOGIES INC
$2.59M$0.00-$25.73M-$25.94M-$27.93N/AN/AN/AN/A
INTZ
INTRUSION INC
$2.96M$5.61M-$10.34M-$13.89M-$11.46-25.47%-11.40%N/AN/A2024-05-15
HUBC
HUB CYBER SECURITY LTD
$8.22M$73.04M-$111.08M-$129.82M-$15.504.47%N/AN/AN/A
ZPTA
ZAPATA COMPUTING HOLDINGS INC
$36.66M$5.68M-$29.21M-$29.73M-$5.8210.01%N/AN/AN/A
ASTI
ASCENT SOLAR TECHNOLOGIES INC
$3.20M$339.64k-$11.60M-$31.50M-$38.36-56.50%-13.47%N/AN/A2024-05-13
OPTX
SYNTEC OPTICS HOLDINGS INC
$18.60M$0.00$551.30k$135.32k-$0.03-100.00%N/AN/AN/A
AILE
ILEARNINGENGINES INC
$63.75M$0.00-$5.20M-$5.85M-$0.37-100.00%N/AN/AN/A2024-05-29
RXT
RACKSPACE TECHNOLOGY INC
$430.72M$2.96B-$189.90M-$837.80M-$3.89-5.29%3.81%N/AN/A
VVPR
VIVOPOWER INTERNATIONAL PLC
$9.23M$12.24M-$11.87M-$20.97M-$0.22-38.18%N/AN/AN/A2024-05-29
GCTS
GCT SEMICONDUCTOR HOLDING INC
$73.76M$0.00-$610.01k-$2.00M-$0.09-100.00%N/AN/AN/A
KSPI
JOINT STOCK CO KASPIKZ
$23.20BN/AN/AN/AN/AN/AN/AN/AN/A2024-05-22

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.