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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
Financials Score
Market Cap
ROE
ROA
ROCE
ROIC
D/E
Current Ratio
Gross Margin
Profit Margin
Operating Margin
LOGI
LOGITECH INTERNATIONAL SA
$12.23B22.20%13.80%21.58%77.20%0.672.2439.70%11.40%12.49%
AGYS
AGILYSYS INC
$2.25B60.30%31.30%7.90%34.70%0.512.0160.60%37.50%8.84%
YMM
FULL TRUCK ALLIANCE CO LTD
$7.97B6.30%5.80%6.43%9.30%0.107.3351.20%26.20%27.50%
RMBS
RAMBUS INC
$6.18B36.10%29.50%16.14%29.80%0.217.0877.60%72.40%40.91%
HLIT
HARMONIC INC
$1.12B23.10%11.80%4.40%8.30%0.761.2151.40%13.80%3.59%
RDVT
RED VIOLET INC
$252.33M16.70%15.60%2.84%18.40%0.088.2678.30%22.50%4.16%
FSLR
FIRST SOLAR INC
$19.02B13.30%8.90%9.98%12.50%0.553.5539.20%25.00%27.25%
EXLS
EXLSERVICE HOLDINGS INC
$4.88B13.40%13.40%22.52%32.20%0.382.0837.30%11.30%15.41%
PRFT
PERFICIENT INC
$1.56B20.30%9.70%13.88%21.80%1.014.1536.60%10.90%15.10%
ANET
ARISTA NETWORKS INC
$81.06B33.50%24.00%30.14%47.20%0.384.3961.90%35.60%41.33%
ACLS
AXCELIS TECHNOLOGIES INC
$3.32B31.70%21.00%28.48%35.50%0.483.7943.50%21.80%25.11%
DLO
DLOCAL LTD
$4.54B35.50%15.00%64.29%-195.20%1.381.6342.60%22.90%45.39%
DV
DOUBLEVERIFY HOLDINGS INC
$5.14B7.30%6.30%8.36%28.40%0.166.3681.40%12.50%16.93%
GCT
GIGACLOUD TECHNOLOGY INC
$1.43B38.10%16.60%18.13%26.40%1.921.9126.80%13.40%16.51%
EPAM
EPAM SYSTEMS INC
$14.40B12.70%10.00%14.47%43.20%0.254.7930.60%8.90%11.44%
OLED
UNIVERSAL DISPLAY CORP
$7.20B14.90%12.80%15.82%19.30%0.157.7276.40%35.20%42.53%
ELTK
ELTEK LTD
$65.38M26.20%14.80%21.98%25.20%0.762.1528.10%13.60%15.62%
CSCO
CISCO SYSTEMS INC
$193.51B30.20%13.50%23.44%58.00%1.191.3764.20%23.50%28.80%
MSFT
MICROSOFT CORP
$3.06T38.40%19.30%29.65%55.60%0.981.2269.70%36.30%45.53%
CSIQ
CANADIAN SOLAR INC
$998.45M11.50%2.50%7.42%6.40%3.201.0416.80%3.60%5.88%
QCOM
QUALCOMM INC
$183.38B36.50%15.50%20.07%22.60%1.262.5655.50%21.40%23.76%
ARRY
ARRAY TECHNOLOGIES INC
$1.69B33.10%4.80%16.15%20.00%4.232.4826.40%5.40%14.04%
ODD
ODDITY TECH LTD
$1.97B27.10%17.00%25.14%122.00%0.432.0570.40%11.50%14.61%
ADI
ANALOG DEVICES INC
$93.94B7.90%5.70%7.32%24.80%0.361.5162.50%24.30%28.78%
ON
ON SEMICONDUCTOR CORP
$27.55B30.50%17.00%23.65%27.80%0.702.7147.10%26.50%31.61%
TER
TERADYNE INC
$15.62B18.20%13.20%18.73%30.20%0.383.2857.40%16.80%19.78%
FI
FISERV INC
$86.85B10.30%3.70%8.37%15.50%2.021.0459.80%16.10%25.13%
HKD
AMTD DIGITAL INC
$612.63M9.80%7.80%9.08%11.80%0.312.29100.00%126.20%143.40%
UMC
UNITED MICROELECTRONICS CORP
$18.98B24.10%14.90%23.68%31.30%0.691.6741.10%31.60%38.29%
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
$33.62B16.50%11.70%18.71%41.70%0.402.2534.60%11.00%14.65%
SIMO
SILICON MOTION TECHNOLOGY CORP
$2.45B24.80%17.90%27.35%54.70%0.314.2949.20%18.20%22.48%
LYTS
LSI INDUSTRIES INC
$406.11M14.90%9.20%16.62%24.00%0.492.1628.80%5.70%7.79%
G
GENPACT LTD
$5.52B31.10%13.70%18.64%23.00%1.141.4435.10%14.10%14.52%
PAYS
PAYSIGN INC
$224.59M34.30%5.40%8.62%-3.10%4.991.0851.10%13.70%5.00%
PLAB
PHOTRONICS INC
$1.68B14.20%9.10%15.06%23.40%0.234.3637.80%15.30%23.46%
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
$14.89B9.80%3.70%9.30%16.50%1.851.0748.20%11.00%24.21%
YALA
YALLA GROUP LTD
$739.21M22.70%20.00%21.30%64.10%0.137.5664.10%36.80%37.64%
GRMN
GARMIN LTD
$27.05B19.90%16.00%16.46%25.90%0.233.4157.50%24.70%22.96%
ACMR
ACM RESEARCH INC
$1.71B10.70%5.60%10.04%13.10%0.742.3549.50%13.90%17.82%
RELL
RICHARDSON ELECTRONICS LTD
$140.79M2.70%2.20%1.14%1.30%0.225.0629.70%2.10%0.88%
MPTI
M-TRON INDUSTRIES INC
$72.98M20.40%16.00%22.05%29.50%0.224.1540.70%8.50%10.67%
AUDC
AUDIOCODES LTD
$323.07M4.70%2.70%5.69%7.50%0.791.6964.80%3.60%5.90%
PANW
PALO ALTO NETWORKS INC
$89.61B95.80%14.70%8.41%17.90%3.200.8374.00%30.20%11.75%
DAVA
ENDAVA PLC
$1.75B11.70%8.80%11.27%32.10%0.283.3329.20%8.90%10.06%
JKS
JINKOSOLAR HOLDING CO LTD
$1.14B17.90%2.70%9.46%6.00%5.081.0416.00%2.90%4.49%
DOX
AMDOCS LTD
$9.89B15.70%8.60%13.61%30.50%0.811.2935.00%11.30%13.86%
ITRN
ITURAN LOCATION & CONTROL LTD
$503.96M29.60%15.80%27.87%47.90%0.791.9347.90%15.00%19.70%
MRAM
EVERSPIN TECHNOLOGIES INC
$158.13M19.00%15.10%15.55%33.60%0.256.5958.40%14.20%14.27%
TSEM
TOWER SEMICONDUCTOR LTD
$3.50B23.70%19.10%20.94%23.70%0.206.1724.80%36.40%38.89%
IMXI
INTERNATIONAL MONEY EXPRESS INC
$718.84M38.80%11.00%27.02%33.00%2.871.9434.60%9.00%14.50%
SPNS
SAPIENS INTERNATIONAL CORP N V
$1.69B14.60%9.40%14.51%41.80%0.542.1142.70%12.10%15.24%
CDW
CDW CORP
$31.78B62.80%8.50%21.38%21.80%5.501.2321.80%5.20%7.84%
CRUS
CIRRUS LOGIC INC
$4.60B10.30%8.30%12.10%20.60%0.236.6450.80%9.80%13.78%
TASK
TASKUS INC
$968.24M10.10%5.10%12.69%18.20%0.963.2341.70%4.90%10.47%
KLIC
KULICKE & SOFFA INDUSTRIES INC
$2.60B4.40%3.40%5.02%8.20%0.286.5047.40%7.00%8.89%
ZI
ZOOMINFO TECHNOLOGIES INC
$5.89B4.70%1.50%6.97%8.20%2.241.3585.60%8.70%35.01%
LSCC
LATTICE SEMICONDUCTOR CORP
$9.66B43.00%32.90%28.62%74.40%0.223.7869.80%35.10%28.87%
KARO
KAROOOOO LTD
$812.47M26.10%17.10%32.10%51.20%0.491.3863.60%16.70%24.88%
FORM
FORMFACTOR INC
$3.33B9.70%7.90%9.19%14.60%0.224.3839.00%12.40%13.53%
FTV
FORTIVE CORP
$28.18B8.60%5.40%7.37%32.40%0.642.0559.30%14.30%18.37%
PAGS
PAGSEGURO DIGITAL LTD
$3.85B13.00%3.50%25.57%37.40%3.161.4249.00%10.40%33.15%
SANM
SANMINA CORP
$3.25B12.30%5.60%14.21%16.10%1.031.998.40%3.30%4.70%
IBEX
IBEX LTD
$228.96M26.70%13.20%19.46%18.90%0.912.2826.00%7.60%8.49%
ADSK
AUTODESK INC
$45.97B77.50%10.00%20.51%51.00%5.230.7590.60%17.20%20.39%
AMSWA
AMERICAN SOFTWARE INC
$351.80M8.90%6.40%10.90%90.90%0.372.3062.00%10.90%12.98%
AEHR
AEHR TEST SYSTEMS
$322.40M18.70%15.20%16.20%30.00%0.1810.0649.50%21.40%20.82%
CIEN
CIENA CORP
$6.48B7.80%4.00%8.20%8.60%0.914.2943.30%5.20%8.92%
KEYS
KEYSIGHT TECHNOLOGIES INC
$26.17B20.30%11.00%19.21%28.30%0.881.9364.80%18.10%24.97%
SCSC
SCANSOURCE INC
$1.01B9.70%4.60%11.49%11.50%0.872.3011.90%2.50%3.74%
FFIV
F5 INC
$10.66B16.70%8.80%14.76%60.60%0.871.2979.50%16.40%20.12%
ENPH
ENPHASE ENERGY INC
$15.21B44.60%12.70%18.31%15.10%2.444.5946.20%19.20%22.79%
CRCT
CRICUT INC
$1.08B9.60%6.70%14.47%19.50%0.403.1644.90%7.00%10.47%
FTNT
FORTINET INC
$49.34B-8,097.40%15.80%37.08%52.80%-16.661.1976.70%21.60%24.74%
ALGM
ALLEGRO MICROSYSTEMS INC
$5.25B21.00%16.80%17.40%33.20%0.384.5756.10%20.60%23.32%
TAIT
TAITRON COMPONENTS INC
$18.85M11.00%10.30%13.40%19.50%0.0711.0156.50%30.20%36.95%
SWKS
SKYWORKS SOLUTIONS INC
$15.78B15.10%10.70%13.62%20.80%0.325.0242.50%19.50%22.33%
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
$22.78B32.50%8.40%14.40%18.30%2.871.4029.90%10.80%16.02%
HPE
HEWLETT PACKARD ENTERPRISE CO
$22.14B9.10%3.40%6.42%8.70%1.730.8937.30%6.80%8.22%
DSWL
DESWELL INDUSTRIES INC
$36.81M6.90%5.50%6.85%8.50%0.224.2618.50%8.70%8.93%
NVEC
NVE CORP
$397.31M32.30%31.60%37.73%39.60%0.0236.0878.70%60.70%70.98%
ASGN
ASGN INC
$4.40B11.50%6.20%11.56%21.40%0.872.4728.80%4.90%8.18%
SHLS
SHOALS TECHNOLOGIES GROUP INC
$1.41B7.60%4.80%10.16%9.30%0.552.4534.40%8.20%15.62%
ZM
ZOOM VIDEO COMMUNICATIONS INC
$18.17B8.80%6.90%10.19%14.40%0.244.5076.20%14.10%18.38%
KSPI
JOINT STOCK CO KASPIKZ
$21.60B88.70%14.10%N/A18.90%5.30N/A64.90%44.00%53.02%
SPSC
SPS COMMERCE INC
$5.98B10.70%8.70%12.34%61.50%0.233.0766.10%12.30%15.94%
GDYN
GRID DYNAMICS HOLDINGS INC
$774.93M-0.50%-0.40%1.23%8.10%0.147.6736.20%-0.60%1.55%
AVGO
BROADCOM INC
$594.40B33.60%11.80%9.39%28.70%1.531.3467.10%29.90%38.06%
WNS
WNS (HOLDINGS) LTD
$2.20B20.50%11.10%18.18%23.20%0.801.8236.10%12.60%16.44%
SMCI
SUPER MICRO COMPUTER INC
$53.70B32.60%17.90%25.52%37.70%0.762.4316.40%7.90%9.41%
BELFA
BEL FUSE INC
$886.72M23.70%13.10%18.69%23.00%0.683.4533.70%11.50%13.46%
PSN
PARSONS CORP
$8.31B7.50%3.50%7.33%12.50%1.061.5222.20%3.00%4.57%
IBM
INTERNATIONAL BUSINESS MACHINES CORP
$167.86B33.60%5.70%10.17%12.60%5.000.9655.40%12.10%16.63%
NOW
SERVICENOW INC
$150.97B25.30%11.30%10.06%11.80%1.281.0678.60%19.30%11.24%
DDOG
DATADOG INC
$41.00B2.80%1.40%2.27%2.30%0.943.1780.70%2.30%3.13%
AMAT
APPLIED MATERIALS INC
$166.09B45.40%23.50%33.91%44.90%0.812.7147.00%27.00%31.32%
UI
UBIQUITI INC
$6.41B-392.70%27.00%50.31%26.10%-85.913.8440.10%19.80%28.07%
TTD
TRADE DESK INC
$39.18B8.60%4.00%8.39%12.50%1.261.7281.20%9.20%10.25%
LRCX
LAM RESEARCH CORP
$119.60B42.10%18.40%26.98%31.90%1.283.0645.20%24.20%27.35%
AMD
ADVANCED MICRO DEVICES INC
$248.86B1.50%1.30%1.00%4.60%0.222.5146.10%3.80%2.71%
CSGS
CSG SYSTEMS INTERNATIONAL INC
$1.41B20.60%4.90%14.00%14.80%4.281.5447.40%5.70%10.56%

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65-0.94%-4.65%-3.48%-22.16%17.61x2.63x+69.70%+9.39%+17.61%+23.15%Buy
38-1.35%-0.31%-3.99%+148.63%41.61x13.70x-25.61%+9.69%+18.03%+9.15%Buy
18-1.24%-1.92%-5.26%-6.93%24.27x20.55x+149.67%+28.22%+53.07%+25.12%Buy
44-1.62%-3.73%-3.06%+6.55%25.43x3.41x+21.31%+9.45%+14.48%+16.78%Buy
10-6.68%-6.34%+1.34%+21.09%12.82x1.31x+12.25%+3.92%+12.63%+5.96%Hold
65-0.69%-3.91%-7.44%+8.55%23.70x4.54x+25.68%+7.95%+16.30%+18.14%Buy
33-1.27%-3.42%-3.95%-3.88%-4.86x3.08x+9.23%+6.19%+9.07%+12.85%Buy
29-4.87%-4.90%-2.71%+48.49%38.69x11.36x+51.33%+18.24%+30.92%+11.96%Buy
69-2.83%-4.35%-2.75%+25.37%59.02x7.76x+51.68%+29.76%+33.58%+18.80%Strong Buy
249-1.05%-6.34%-6.30%+18.15%99.28x6.42x+7.32%+4.61%+7.48%+19.59%Buy
138-1.05%-4.49%-6.11%+11.36%77.26x11.81x-36.97%+15.38%+24.62%+22.18%Buy
23+1.59%-8.51%-0.31%-56.65%26.15x2.49x+16.19%+8.64%+12.79%+39.30%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. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the top 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 33.2% over the past year, overperforming other tech stocks by 18 percentage points.

Logitech International Sa has an average 1 year price target of $96.17, an upside of 21.73% from Logitech International Sa's current stock price of $79.00.

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.

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 38 points higher than the tech sector average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 5.44% over the past year, underperforming other tech stocks by -10 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -20.63% from Full Truck Alliance Co's current stock price of $7.56.

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. 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 lose -3.68% over the past year, underperforming other tech stocks by -19 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 21.39% from Agilysys's current stock price of $82.38.

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 4.47%. 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 158.9%, which is 154 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 130.84%, which is 126 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 -1.74% in the last day, and down -4.86% over the last week. Iczoom Group was the among the top losers in the technology sector, dropping -88.26% yesterday.

ICZOOM shares are trading lower. The company announced the cancellation of a proposed public offering.

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 74 points higher than the tech sector average of 26. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -20.56% in the past year. It has underperformed other stocks in the tech sector by -36 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 74 points higher than the tech sector average of 26. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 169.48% in the past year. It has overperformed other stocks in the tech sector by 154 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 74 points higher than the tech sector average of 26. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -31.49% in the past year. It has underperformed other stocks in the tech sector by -47 percentage points.

Are tech stocks a good buy now?

40.92% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 18.42% 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 58.03x.
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.