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

Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Zen Score	Valuation Score	Financials Score	Forecast Score	Performance Score	Dividends Score
RMBS	RAMBUS INC	70	86	100	33	60	–
LOGI	LOGITECH INTERNATIONAL SA	69	71	86	67	40	80
YMM	FULL TRUCK ALLIANCE CO LTD	68	71	86	33	80	–
AGYS	AGILYSYS INC	68	71	86	33	80	–
HLIT	HARMONIC INC	66	86	86	11	80	–
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Tech Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Communication Equipment	65	-0.16%	+1.00%	-5.90%	-18.24%	13.70x	2.68x	+70.30%	+9.40%	+17.74%	+22.10%	Buy
Computer Hardware	38	-0.16%	-11.09%	-18.06%	+136.55%	37.64x	13.22x	-28.22%	+9.32%	+17.72%	+26.87%	Buy
Consumer Electronics	18	+0.93%	+1.20%	-2.75%	-5.87%	24.38x	20.68x	+149.62%	+28.21%	+53.05%	+24.35%	Buy
Electronic Components	44	+0.17%	+1.74%	-3.54%	+11.34%	26.27x	3.46x	+21.08%	+9.45%	+14.40%	+15.17%	Buy
Electronics & Computer Distribution	10	+0.09%	+2.55%	+1.74%	+34.71%	13.15x	1.35x	+12.28%	+3.94%	+12.67%	+3.01%	Hold
Information Technology Services	66	-0.30%	+1.38%	-4.36%	+13.93%	23.84x	4.61x	+25.69%	+7.95%	+16.31%	+16.49%	Buy
Scientific & Technical Instruments	33	-3.11%	+0.31%	-5.40%	-3.23%	-7.16x	3.04x	+9.31%	+6.26%	+9.11%	+15.35%	Buy
Semiconductor Equipment & Materials	29	+0.33%	-1.60%	-7.75%	+46.16%	38.03x	11.16x	+51.38%	+18.23%	+30.91%	+15.04%	Buy
Semiconductors	69	+1.34%	-0.81%	-7.49%	+28.57%	56.95x	7.50x	+51.01%	+29.33%	+33.07%	+19.79%	Strong Buy
Software - Application	251	-0.71%	+2.34%	-8.27%	+24.00%	103.08x	6.53x	+6.71%	+4.32%	+6.95%	+17.27%	Buy
Software - Infrastructure	138	+0.20%	+2.33%	-4.40%	+14.35%	77.60x	11.80x	-38.89%	+15.31%	+24.52%	+19.59%	Buy
Solar	23	-1.69%	-1.26%	-2.53%	-55.96%	30.97x	2.45x	+11.64%	+7.34%	+11.13%	+39.27%	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. Rambus (NASDAQ:RMBS)

Rambus (NASDAQ:RMBS) is the top tech stock with a Zen Score of 70, which is 40 points higher than the tech sector average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 16.25% over the past year, underperforming other tech stocks by -3 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 50.39% from Rambus's current stock price of $56.52.

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 69, which is 39 points higher than the tech sector average of 30. It passed 25 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 38.37% over the past year, overperforming other tech stocks by 19 percentage points.

Logitech International Sa has an average 1 year price target of $96.17, an upside of 21.1% from Logitech International Sa's current stock price of $79.41.

Logitech International Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Logitech International Sa, 50% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% 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 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. Agilysys has seen its stock return 0.55% over the past year, underperforming other tech stocks by -18 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 19.25% from Agilysys's current stock price of $83.86.

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 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 4.48%. 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 160.77%, which is 156 percentage points higher than the tech sector average of 4.48%. 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 132.7%, which is 128 percentage points higher than the tech sector average of 4.48%.

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 -0.16% in the last day, and up 0.65% over the last week. Isun was the among the top losers in the technology sector, dropping -36.91% yesterday.

iSun shares are trading lower after the company announced a reverse stock split.

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 75 points higher than the tech sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -21.68% in the past year. It has underperformed other stocks in the tech sector by -41 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 75 points higher than the tech sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 181.73% in the past year. It has overperformed other stocks in the tech sector by 163 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 75 points higher than the tech sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -26.52% in the past year. It has underperformed other stocks in the tech sector by -45 percentage points.

Are tech stocks a good buy now?

40.18% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 18.25% 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 57.88x.

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.