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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
Price
Valuation Score
Graham Fair Value
Graham Fair Value %
P/E
Forward P/E
P/S
P/B
PEG
Free Cash Flow
Free Cash Flow Yield
Book Value
BVPS
EV
EV/EBITDA
RMBS
RAMBUS INC
$56.08$505.63-88.91%16.74xN/A13.03x6.10x0.04x$177.49M2.93%$991.59M9.17$5.96B22.41
YMM
FULL TRUCK ALLIANCE CO LTD
$8.87$29.42-69.85%32.02xN/A8.03x1.90x0.11x$300.24M3.20%$4.92B4.67$8.41B25.24
LOGI
LOGITECH INTERNATIONAL SA
$82.09$46.9674.81%26.48x18.00x3.01x5.80x0.96x$1.05B8.23%$2.19B14.05$11.30B18.17
RDVT
RED VIOLET INC
$17.63$89.59-80.32%18.18xN/A4.09x2.86x0.07x$5.93M2.40%$86.11M6.16$216.72M19.96
AGYS
AGILYSYS INC
$79.21$591.33-86.60%23.79xN/A8.96x9.41x0.05x$23.88M1.17%$230.27M8.92$2.07B82.49
PRFT
PERFICIENT INC
$48.11$69.59-30.87%16.53x9.41x1.80x3.17x0.31x$137.58M8.41%$530.62M15.61$1.97B11.81
DLO
DLOCAL LTD
$14.25$16.32-12.70%27.94x12.72x6.37x9.10x0.37x$303.96M7.34%$455.03M1.57$3.61B11.74
DV
DOUBLEVERIFY HOLDINGS INC
$30.37$7.05330.88%70.63x64.62x8.90x4.84x2.27x$102.73M2.02%$1.07B6.40$4.98B34.43
EXLS
EXLSERVICE HOLDINGS INC
$29.65$10.11193.35%27.10x24.07x2.94x3.20x2.53x$121.95M2.49%$1.51B9.12$5.12B15.80
YALA
YALLA GROUP LTD
$4.80$10.75-55.35%6.49xN/A2.40x1.34x0.25x$137.69M18.02%$567.68M3.56$450.80M3.65
FSLR
FIRST SOLAR INC
$191.55$133.6943.28%19.97x28.29x5.75x2.97x0.83x-$524.69M-2.56%$6.90B64.56$19.44B13.30
GDYN
GRID DYNAMICS HOLDINGS INC
$10.07$5.3289.29%335.67x15.73x2.45x2.01x0.68x$23.18M3.02%$382.81M5.03$531.79M26.77
EPAM
EPAM SYSTEMS INC
$242.12$166.8045.15%33.58x18.15x2.99x4.03x0.67x$534.22M3.82%$3.47B60.02$12.14B18.13
GCT
GIGACLOUD TECHNOLOGY INC
$37.27$79.91-53.36%16.13xN/A2.16x5.24x0.19x$129.53M8.52%$290.42M7.12$1.74B14.29
ELTK
ELTEK LTD
$10.69$12.12-11.81%9.90xN/A1.38x2.40x0.60x$8.43M13.10%$26.87M4.46$61.74M7.17
ACLS
AXCELIS TECHNOLOGIES INC
$111.45$130.23-14.42%14.59xN/A3.22x4.02x0.44x$144.50M3.97%$901.74M27.63$3.54B11.64
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
$66.25$59.6411.08%15.89x12.05x1.71x2.44x0.63x$1.40B4.25%$13.49B27.14$31.99B9.46
CSIQ
CANADIAN SOLAR INC
$16.79$73.96-77.30%4.01x2.74x0.14x0.43x0.12x-$866.58M-78.95%$2.56B39.15$2.64B3.50
JKS
JINKOSOLAR HOLDING CO LTD
$26.18$70.02-62.61%2.85x3.63x0.08x0.49x0.47x-$137.24M-10.10%$2.79B53.69$6.58B3.39
MSFT
MICROSOFT CORP
$406.66$101.37301.18%35.09x34.57x12.77x11.94x3.77x$70.58B2.34%$253.15B34.07$3.02T23.66
CSCO
CISCO SYSTEMS INC
$47.12N/AN/A14.24x15.05x3.34x4.13xN/A$13.56B7.10%$46.25B11.41$188.69B10.38
ODD
ODDITY TECH LTD
$33.60$33.380.65%31.70xN/A3.76x6.75x0.43x$81.84M4.28%$283.11M4.98$1.89B22.75
G
GENPACT LTD
$31.34N/AN/A9.06x10.52x1.28x2.52xN/A$432.06M7.56%$2.25B12.33$6.57B8.71
ADI
ANALOG DEVICES INC
$199.63$133.0650.03%35.46x19.78x8.55x2.78x0.68x$3.24B3.28%$35.55B71.70$104.69B18.82
IMXI
INTERNATIONAL MONEY EXPRESS INC
$20.15$23.60-14.61%12.07xN/A1.09x4.56x0.49x$130.72M18.22%$149.04M4.19$651.41M5.61
SWKS
SKYWORKS SOLUTIONS INC
$92.51$153.93-39.90%17.26x8.59x3.27x2.33x0.26x$1.60B10.75%$6.36B39.65$14.83B10.06
ZI
ZOOMINFO TECHNOLOGIES INC
$16.12$10.3955.12%59.70x19.19x4.94x2.89x0.63x$408.40M6.67%$2.12B5.58$7.01B13.62
RELL
RICHARDSON ELECTRONICS LTD
$10.76$21.88-50.83%35.87x6.60x0.74x0.97x0.19x-$2.96M-1.93%$158.62M11.11$137.88M22.85
CDW
CDW CORP
$219.56$123.1478.30%27.07x19.98x1.40x13.80x0.98x$1.53B5.18%$2.14B15.91$34.50B17.99
ANET
ARISTA NETWORKS INC
$274.40N/AN/A40.65x65.02x14.49x11.88xN/A$2.00B2.36%$7.22B23.34$83.85B33.39
LYTS
LSI INDUSTRIES INC
$15.28$6.74126.86%16.26x20.93x0.94x2.30x3.39x$43.86M9.89%$192.93M6.65$470.71M10.14
AMD
ADVANCED MICRO DEVICES INC
$150.60$60.86147.46%218.26x30.86x10.68x4.33x0.92x$1.17B0.48%$56.20B34.75$242.22B58.14
DAVA
ENDAVA PLC
$30.90$31.74-2.63%20.86x12.77x1.86x2.30x0.46x$139.25M7.73%$784.78M13.46$1.63BN/A
DOX
AMDOCS LTD
$83.90$68.7821.98%17.81x13.38x1.98x2.75x0.68x$787.39M8.06%$3.56B30.56$9.98B11.52
OLED
UNIVERSAL DISPLAY CORP
$170.82$57.62196.47%37.05x29.71x13.29x5.46x1.85x$121.46M1.50%$1.48B31.22$8.03B25.34
MPTI
M-TRON INDUSTRIES INC
$27.19$22.8419.07%21.08xN/A1.85x3.82x0.60x$3.12M4.11%$19.90M7.12$72.14M13.90
FFIV
F5 INC
$165.94$93.9376.67%21.49x17.41x3.50x3.41x1.13x$610.97M6.23%$2.86B48.39$9.17B12.81
QCOM
QUALCOMM INC
$179.64$167.327.36%23.92x14.28x5.51x8.19x0.50x$12.27B6.11%$24.47B21.91$206.72B18.70
ON
ON SEMICONDUCTOR CORP
$70.37$62.1913.16%13.91x13.03x3.69x3.73x0.72x$634.90M2.11%$8.12B18.98$31.02B9.67
CRUS
CIRRUS LOGIC INC
$88.48$69.6727.01%26.98x16.60x2.67x2.65x0.60x$257.50M5.39%$1.80B33.34$4.45B14.74
SCSC
SCANSOURCE INC
$42.87$48.86-12.26%12.14x9.38x0.30x1.13x0.51x$185.75M17.31%$953.60M38.09$1.20B7.36
SPNS
SAPIENS INTERNATIONAL CORP N V
$30.86$14.65110.65%27.31x21.58x3.34x3.85x1.28x$70.38M4.09%$447.27M8.03$1.68B16.82
ARRY
ARRAY TECHNOLOGIES INC
$13.46$15.79-14.77%23.61x11.12x1.29x7.85x0.37x$215.13M10.59%$259.25M1.72$2.47B9.44
GRMN
GARMIN LTD
$165.97N/AN/A23.31x27.30x5.83x4.40xN/A$1.35B4.25%$7.25B37.76$30.06B20.25
TASK
TASKUS INC
$12.08$19.98-39.55%24.65x10.98x1.23x2.43x0.24x$112.68M9.93%$440.71M4.69$1.26B7.98
PAYS
PAYSIGN INC
$4.73$1.11324.62%39.42xN/A5.25x10.23x3.64x$20.57M8.29%$24.49M0.47$144.50M21.28
IBEX
IBEX LTD
$13.59N/AN/A6.32x8.71x0.47x1.53xN/A$19.45M8.01%$156.11M8.73$266.80M3.51
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
$61.81$61.380.70%23.86x12.99x2.74x2.38x0.46x$890.00M5.83%$6.43B26.05$21.71B10.58
UMC
UNITED MICROELECTRONICS CORP
$8.15$13.75-40.72%10.79xN/A2.99x1.94x0.30x-$158.14M-0.77%$10.54B4.21$18.32B5.50
PLAB
PHOTRONICS INC
$28.78$29.72-3.17%12.79xN/A1.97x1.78x0.58x$172.49M9.75%$1.02B16.65$1.34B4.57
PAGS
PAGSEGURO DIGITAL LTD
$12.81$21.00-39.01%12.68x7.91x1.35x1.62x0.29x$395.16M9.36%$2.60B7.89$3.69B2.83
ACMR
ACM RESEARCH INC
$27.00$25.495.94%20.93xN/A2.91x2.15x0.51x-$137.20M-8.44%$767.39M12.76$1.57B14.10
TSEM
TOWER SEMICONDUCTOR LTD
$33.04$59.78-44.73%7.03xN/A2.56x1.51x0.34x$244.38M6.71%$2.43B22.06$3.63B4.48
KARO
KAROOOOO LTD
$28.40$24.8914.12%25.09x15.11x4.19x6.20x0.53x$41.57M4.73%$141.89M4.58$851.33MN/A
ITRN
ITURAN LOCATION & CONTROL LTD
$25.95N/AN/A10.77xN/A1.62x2.96xN/A$63.17M12.17%$174.45M8.72$468.17M5.57
CRCT
CRICUT INC
$5.71$9.17-37.72%22.84x9.21x1.62x2.31x0.26x$264.38M21.35%$534.87M2.47$1.11B9.64
AUDC
AUDIOCODES LTD
$11.05$17.66-37.45%39.46x8.77x1.42x1.79x0.24x$8.93M2.57%$188.11M5.99$345.84M20.32
PANW
PALO ALTO NETWORKS INC
$296.21$10.88k-97.28%41.14x270.09x12.58x21.96x0.01x$2.92B3.09%$4.36B13.63$96.11B79.38
ADSK
AUTODESK INC
$215.19$73.01194.72%50.16x34.60x8.61x31.06x1.52x$1.76B3.83%$1.48B6.93$47.15B38.37
AMSWA
AMERICAN SOFTWARE INC
$10.13$3.12224.49%28.14xN/A3.06x2.57x3.09x$18.75M5.56%$131.09M3.94$280.67M14.99
AEHR
AEHR TEST SYSTEMS
$11.64$25.87-55.01%21.96xN/A4.67x3.89x0.18x$4.51M1.34%$86.50M3.00$295.29M18.28
FTNT
FORTINET INC
$58.88N/AN/A40.05x49.90x8.64x-96.95xN/A$1.73B3.78%-$463.40M-0.60$44.52B31.22
EEFT
EURONET WORLDWIDE INC
$110.24$39.04182.40%19.11xN/A1.45x4.04x5.24x$548.70M10.27%$1.25B25.78$5.26B8.94
FI
FISERV INC
$149.22$106.8939.60%27.79x17.79x4.54x3.03x0.67x$3.39B3.85%$28.80B48.74$110.52B13.53
DSWL
DESWELL INDUSTRIES INC
$2.37$2.42-2.14%6.15xN/A0.53x0.41x2.70x$13.52M35.80%$91.61M5.75$20.37M2.57
TAIT
TAITRON COMPONENTS INC
$3.14$2.0553.23%10.13xN/A3.09x1.12x3.16x$2.94M15.57%$16.84M2.81$12.70M5.24
ZM
ZOOM VIDEO COMMUNICATIONS INC
$61.82N/AN/A29.16x36.15x4.11x2.37xN/A$1.47B7.92%$8.02B26.67$17.50B18.27
ENPH
ENPHASE ENERGY INC
$114.20$43.23164.14%56.26x22.89x8.49x16.84x1.25x$404.45M2.61%$922.72M6.79$16.58B40.46
IBM
INTERNATIONAL BUSINESS MACHINES CORP
$165.71$71.81130.76%18.47x16.70x2.45x6.54x2.57x$12.93B8.51%$23.26B25.36$200.33B13.49
GIB
CGI INC
$103.68$41.30151.05%20.10xN/A2.30x3.76x2.80x$1.32B5.47%$6.41B27.55$25.41B12.52
ARW
ARROW ELECTRONICS INC
$124.89$285.63-56.28%9.70x5.81x0.22x1.17x0.20x$792.15M11.69%$5.70B105.05$9.98B7.04
INFY
INFOSYS LTD
$16.93$9.7673.52%23.85x18.40x3.89x7.66x1.01x$3.62B5.12%$9.17B2.19$69.76B14.90
MSI
MOTOROLA SOLUTIONS INC
$353.70$119.71195.46%42.46x32.13x5.77x113.23x1.67x$2.19B3.72%$521.00M3.13$64.23B28.69
SMCI
SUPER MICRO COMPUTER INC
$782.70$263.00197.61%57.09x107.37x4.58x14.23x1.46x-$169.23M-0.40%$3.08B56.84$43.43B47.85
AVGO
BROADCOM INC
$1,278.11$484.68163.70%45.96x31.25x14.86x8.43x1.35x$18.39B3.18%$70.28B155.50$656.34B32.92
KEYS
KEYSIGHT TECHNOLOGIES INC
$149.18$92.7460.87%27.22x19.05x4.89x5.41x0.83x$1.19B4.55%$4.82B27.53$26.35B16.88
LRCX
LAM RESEARCH CORP
$908.53$390.13132.88%33.23x25.26x8.35x14.81x1.32x$4.54B3.82%$8.02B61.31$118.09B26.66
CPAY
CORPAY INC
$299.29$242.0523.65%22.30x15.09x5.83x6.55x0.62x$1.95B8.89%$3.28B44.87$25.09B12.48
CIEN
CIENA CORP
$47.77$46.053.73%30.82x14.93x1.59x2.36x0.45x$607.28M8.75%$2.92B20.12$7.25B13.62
NOW
SERVICENOW INC
$716.65$102.89596.51%84.51x171.86x16.31x19.26x4.45x$2.70B1.85%$7.63B37.37$147.30B93.82
TTD
TRADE DESK INC
$88.59$7.591,067.43%239.43x138.42x22.27x20.01x5.58x$543.30M1.25%$2.16B4.42$42.66B129.71
BMI
BADGER METER INC
$189.00N/AN/A54.15x67.50x7.48x10.37xN/A$103.20M1.86%$535.57M18.27$5.36B32.91
TER
TERADYNE INC
$120.44$99.7520.74%43.01x17.82x6.93x7.35x0.50x$410.95M2.23%$2.56B16.71$18.18B29.50
APPF
APPFOLIO INC
$239.11$28.28745.36%111.73xN/A12.85x25.53x5.06x$87.21M1.01%$339.20M9.40$8.64B89.47
TEL
TE CONNECTIVITY LTD
$142.00N/AN/A12.91x16.14x2.76x3.49xN/A$2.67B6.11%$12.45B40.42$46.50B13.27
NTAP
NETAPP INC
$104.64$67.8354.28%23.31x17.24x3.49x21.73x0.85x$1.16B5.38%$994.00M4.83$22.17B14.78
DDOG
DATADOG INC
$124.27$5.292,250.51%828.47x4,142.33x18.92x20.36x9.74x$597.55M1.48%$2.03B6.25$41.81B304.36
HLIT
HARMONIC INC
$10.96$17.46-37.22%17.40xN/A2.15x3.12x0.27x$19.55M1.59%$409.15M3.64$1.35B100.22
ASGN
ASGN INC
$96.15$120.63-20.29%22.05x11.30x1.02x2.37x0.35x$410.70M9.19%$1.86B40.03$5.36B11.89
FTV
FORTIVE CORP
$76.08$41.0485.39%29.72x21.37x4.37x2.56x0.99x$1.34B5.02%$10.48B29.79$30.02B18.36
SHLS
SHOALS TECHNOLOGIES GROUP INC
$9.00$5.9750.81%37.50x10.23x3.02x2.81x0.68x$81.38M5.51%$545.00M3.32$1.69B19.47
HIMX
HIMAX TECHNOLOGIES INC
$5.16$5.45-5.24%17.20xN/A0.95x1.05x0.48x$182.86M20.29%$856.77M4.90$1.20B16.72
ATEN
A10 NETWORKS INC
$15.15$21.04-27.98%24.44xN/A4.43x5.26x0.30x$66.66M5.91%$214.31M2.88$1.01B16.74
UBER
UBER TECHNOLOGIES INC
$69.23$18.82267.90%74.44x147.30x3.78x12.78x1.77x$3.36B2.39%$11.25B5.53$147.95B41.61
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
$198.85$62.08220.31%34.23x26.03x3.70x11.33x2.31x$993.20M4.24%$2.07B17.57$26.79B21.38
DT
DYNATRACE INC
$45.79$18.67145.21%68.34xN/A9.90x7.08x1.07x$339.63M2.52%$1.91B6.49$12.85B73.29
ASML
ASML HOLDING NV
$901.63$271.43232.18%46.45x42.23x12.64x23.91x1.91x$2.60B0.73%$14.83B37.70$354.18B35.83
ALGM
ALLEGRO MICROSYSTEMS INC
$29.97N/AN/A26.06xN/A5.36x5.10xN/A$75.79M1.31%$1.13B5.89$5.84B18.54
AVT
AVNET INC
$49.41$60.20-17.93%7.87x7.10x0.18x0.90x0.67x$393.19M8.80%$4.99B55.17$7.44B6.43
OSIS
OSI SYSTEMS INC
$135.56N/AN/A18.22x19.79x1.57x2.84xN/A-$69.79M-3.02%$813.41M47.73$2.70B12.07

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+1.52%+2.59%+1.57%-6.53%8.06x2.69x+51.62%+8.78%+15.96%+19.59%Buy
38+2.46%-3.27%-14.34%+141.18%37.10x13.81x-26.89%+10.03%+18.70%+22.51%Buy
18+3.62%+6.11%+3.32%-1.59%26.64x22.26x+142.55%+27.98%+54.07%+18.51%Buy
44+2.10%+3.04%-0.48%+16.49%26.77x3.63x+20.92%+9.57%+15.02%+12.05%Buy
10+3.31%-0.47%-3.28%+33.84%13.64x1.36x+11.31%+3.62%+11.74%+3.73%Hold
66+1.21%+0.09%-4.72%+13.99%27.22x4.46x+24.61%+8.14%+16.50%+17.92%Buy
33+0.94%+3.95%+0.18%+5.54%13.75x3.18x+9.40%+6.52%+9.39%+8.77%Buy
29+2.76%-0.33%-3.90%+52.60%36.70x11.56x+50.90%+18.21%+30.73%+10.63%Buy
69+1.90%-0.58%-2.34%+40.07%55.71x7.96x+52.52%+30.30%+34.13%+15.70%Buy
252+1.73%-0.49%-6.00%+28.29%90.91x6.48x+6.36%+4.30%+7.17%+20.14%Buy
138+0.40%-1.35%-4.80%+21.09%43.48x11.30x-31.73%+15.14%+24.48%+21.66%Buy
23+5.13%+5.71%-0.31%-42.47%30.90x2.61x+12.35%+7.74%+11.96%+31.27%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 18.94% over the past year, underperforming other tech stocks by -7 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 51.57% from Rambus's current stock price of $56.08.

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. 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 39 points higher than the tech sector average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 43.99% over the past year, overperforming other tech stocks by 18 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -32.36% from Full Truck Alliance Co's current stock price of $8.87.

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. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the third 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 30.97% 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 14.31% from Logitech International Sa's current stock price of $82.09.

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.

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 4.4%. 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. Wisekey International Holding Sa (NASDAQ:WKEY)


Wisekey International Holding Sa (NASDAQ:WKEY) has an annual dividend yield of 143%, which is 139 percentage points higher than the tech sector average of 4.4%.

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.

3. Clearone (NASDAQ:CLRO)


Clearone (NASDAQ:CLRO) has an annual dividend yield of 142.86%, which is 138 percentage points higher than the tech sector average of 4.4%. 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.

Why are tech stocks up?

Tech stocks were up 1.67% in the last day, and down -0.12% over the last week. Arteris was the among the top gainers in the technology sector, gaining 38.45% yesterday.

Arteris shares are trading higher after the company reported better-than-expected 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 77 points higher than the tech sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -9.1% in the past year. It has underperformed other stocks in the tech sector by -35 percentage points.

2. Himax Technologies (NASDAQ:HIMX)


Himax Technologies (NASDAQ:HIMX) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Himax Technologies has a valuation score of 100, which is 77 points higher than the tech sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -21.7% in the past year. It has underperformed other stocks in the tech sector by -47 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 77 points higher than the tech sector average of 23. It passed 7 out of 7 valuation due diligence checks.

International Money Express's stock has dropped -20.79% in the past year. It has underperformed other stocks in the tech sector by -47 percentage points.

Are tech stocks a good buy now?

40.43% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 17.83% 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 47.37x.
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.