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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
$12.14B22.20%13.80%21.58%77.20%0.672.2439.70%11.40%12.49%
YMM
FULL TRUCK ALLIANCE CO LTD
$9.07B6.30%5.80%6.43%9.30%0.107.3351.20%26.20%27.50%
EXLS
EXLSERVICE HOLDINGS INC
$4.81B13.40%13.40%22.52%32.20%0.382.0837.30%11.30%15.41%
RMBS
RAMBUS INC
$5.91B36.10%29.50%16.14%29.80%0.217.0877.60%72.40%40.91%
PRFT
PERFICIENT INC
$1.65B20.30%9.70%13.88%21.80%1.014.1536.60%10.90%15.10%
RDVT
RED VIOLET INC
$234.32M16.70%15.60%2.84%18.40%0.088.2678.30%22.50%4.16%
AGYS
AGILYSYS INC
$2.27B60.30%31.30%7.90%34.70%0.512.0160.60%37.50%8.84%
ACLS
AXCELIS TECHNOLOGIES INC
$3.38B31.70%21.00%28.48%35.50%0.483.7943.50%21.80%25.11%
DV
DOUBLEVERIFY HOLDINGS INC
$5.02B7.30%6.30%8.36%28.40%0.166.3681.40%12.50%16.93%
YALA
YALLA GROUP LTD
$745.15M22.70%20.00%21.30%64.10%0.137.5664.10%36.80%37.64%
DLO
DLOCAL LTD
$4.13B35.50%15.00%64.29%-195.20%1.381.6342.60%22.90%45.39%
ODD
ODDITY TECH LTD
$1.85B27.10%17.00%25.14%122.00%0.432.0570.40%11.50%14.61%
EPAM
EPAM SYSTEMS INC
$13.60B12.70%10.00%14.47%43.20%0.254.7930.60%8.90%11.44%
GCT
GIGACLOUD TECHNOLOGY INC
$1.30B38.10%16.60%18.13%26.40%1.921.9126.80%13.40%16.51%
OLED
UNIVERSAL DISPLAY CORP
$7.48B14.90%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%
JKS
JINKOSOLAR HOLDING CO LTD
$1.26B17.90%2.70%10.73%6.60%5.081.0216.00%2.90%4.95%
FSLR
FIRST SOLAR INC
$18.84B13.30%8.90%9.98%12.50%0.553.5539.20%25.00%27.25%
CSIQ
CANADIAN SOLAR INC
$1.07B11.50%2.50%7.42%6.40%3.201.0416.80%3.60%5.88%
ANET
ARISTA NETWORKS INC
$80.21B33.50%24.00%30.14%47.20%0.384.3961.90%35.60%41.33%
ADI
ANALOG DEVICES INC
$99.48B7.90%5.70%7.32%24.80%0.361.5162.50%24.30%28.78%
G
GENPACT LTD
$5.56B31.10%13.70%18.64%23.00%1.141.4435.10%14.10%14.52%
IMXI
INTERNATIONAL MONEY EXPRESS INC
$682.41M38.80%11.00%27.02%33.00%2.871.9434.60%9.00%14.50%
ARRY
ARRAY TECHNOLOGIES INC
$1.87B33.10%4.80%16.15%20.00%4.232.4826.40%5.40%14.04%
CSCO
CISCO SYSTEMS INC
$190.23B30.20%13.50%23.44%58.00%1.191.3764.20%23.50%28.80%
MSFT
MICROSOFT CORP
$2.89T37.50%19.00%29.52%54.60%0.911.2469.90%36.40%45.64%
HKD
AMTD DIGITAL INC
$629.86M9.80%7.80%9.08%11.80%0.312.29100.00%126.20%143.40%
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
$32.70B16.50%11.70%18.71%41.70%0.402.2534.60%11.00%14.65%
QCOM
QUALCOMM INC
$185.09B36.50%15.50%20.07%22.60%1.262.5655.50%21.40%23.76%
SWKS
SKYWORKS SOLUTIONS INC
$17.08B15.10%10.70%13.62%20.80%0.325.0242.50%19.50%22.33%
ZI
ZOOMINFO TECHNOLOGIES INC
$6.02B4.70%1.50%6.97%8.20%2.241.3585.60%8.70%35.01%
RELL
RICHARDSON ELECTRONICS LTD
$150.35M2.70%2.20%1.14%1.30%0.225.0629.70%2.10%0.88%
PLAB
PHOTRONICS INC
$1.74B14.20%9.10%15.06%23.40%0.234.3637.80%15.30%23.46%
PAYS
PAYSIGN INC
$243.65M34.30%5.40%8.62%-3.10%4.991.0851.10%13.70%5.00%
LYTS
LSI INDUSTRIES INC
$424.43M14.90%9.20%16.62%24.00%0.492.1628.80%5.70%7.79%
FFIV
F5 INC
$9.72B16.70%8.80%14.76%60.60%0.871.2979.50%16.40%20.12%
ITRN
ITURAN LOCATION & CONTROL LTD
$510.87M29.60%15.80%27.87%47.90%0.791.9347.90%15.00%19.70%
HLIT
HARMONIC INC
$1.20B23.10%11.80%4.40%8.30%0.761.2151.40%13.80%3.59%
DAVA
ENDAVA PLC
$1.69B11.70%8.80%11.27%32.10%0.283.3329.20%8.90%10.06%
TSEM
TOWER SEMICONDUCTOR LTD
$3.64B23.70%19.10%20.94%23.70%0.206.1724.80%36.40%38.89%
AUDC
AUDIOCODES LTD
$330.08M4.70%2.70%5.69%7.50%0.791.6964.80%3.60%5.90%
MPTI
M-TRON INDUSTRIES INC
$77.62M20.40%16.00%22.05%29.50%0.224.1540.70%8.50%10.67%
DOX
AMDOCS LTD
$9.79B15.70%8.60%13.61%30.50%0.811.2935.00%11.30%13.86%
PANW
PALO ALTO NETWORKS INC
$93.99B95.80%14.70%8.41%17.90%3.200.8374.00%30.20%11.75%
CRUS
CIRRUS LOGIC INC
$4.78B10.30%8.30%12.10%20.60%0.236.6450.80%9.80%13.78%
ON
ON SEMICONDUCTOR CORP
$30.19B28.70%16.50%22.83%26.40%0.662.8846.80%26.70%31.76%
SPNS
SAPIENS INTERNATIONAL CORP N V
$1.72B14.60%9.40%14.51%41.80%0.542.1142.70%12.10%15.24%
GRMN
GARMIN LTD
$27.71B19.90%16.00%16.46%25.90%0.233.4157.50%24.70%22.96%
KLIC
KULICKE & SOFFA INDUSTRIES INC
$2.61B4.40%3.40%5.02%8.20%0.286.5047.40%7.00%8.89%
PAGS
PAGSEGURO DIGITAL LTD
$4.10B13.00%3.50%25.57%37.40%3.161.4249.00%10.40%33.15%
KARO
KAROOOOO LTD
$899.44M26.10%17.10%32.10%51.20%0.491.3863.60%16.70%24.88%
ACMR
ACM RESEARCH INC
$1.56B10.70%5.60%10.04%13.10%0.742.3549.50%13.90%17.82%
IBEX
IBEX LTD
$230.19M26.70%13.20%19.46%18.90%0.912.2826.00%7.60%8.49%
UMC
UNITED MICROELECTRONICS CORP
$19.30B17.60%11.10%15.29%20.00%0.592.1334.90%26.80%30.56%
ADSK
AUTODESK INC
$45.53B77.50%10.00%20.51%51.00%5.230.7590.60%17.20%20.39%
AMSWA
AMERICAN SOFTWARE INC
$335.86M8.90%6.40%10.90%90.90%0.372.3062.00%10.90%12.98%
SCSC
SCANSOURCE INC
$1.05B9.70%4.60%11.49%11.50%0.872.3011.90%2.50%3.74%
AEHR
AEHR TEST SYSTEMS
$346.40M18.70%15.20%16.20%30.00%0.1810.0649.50%21.40%20.82%
FTNT
FORTINET INC
$48.21B-8,097.40%15.80%37.08%52.80%-16.661.1976.70%21.60%24.74%
CRCT
CRICUT INC
$1.15B9.60%6.70%14.47%19.50%0.403.1644.90%7.00%10.47%
MRAM
EVERSPIN TECHNOLOGIES INC
$157.49M19.00%15.10%15.55%33.60%0.256.5958.40%14.20%14.27%
CDW
CDW CORP
$32.46B62.80%8.50%21.38%21.80%5.501.2321.80%5.20%7.84%
FI
FISERV INC
$89.33B11.00%3.80%8.78%16.00%2.191.0660.50%16.70%26.03%
EEFT
EURONET WORLDWIDE INC
$4.70B22.20%5.30%14.28%22.30%3.721.5439.70%7.60%12.37%
SHLS
SHOALS TECHNOLOGIES GROUP INC
$1.44B7.60%4.80%10.16%9.30%0.552.4534.40%8.20%15.62%
TAIT
TAITRON COMPONENTS INC
$18.97M11.00%10.30%13.40%19.50%0.0711.0156.50%30.20%36.95%
ASGN
ASGN INC
$4.48B11.50%6.20%11.56%21.40%0.872.4728.80%4.90%8.18%
DSWL
DESWELL INDUSTRIES INC
$36.33M6.90%5.50%6.85%8.50%0.224.2618.50%8.70%8.93%
IBM
INTERNATIONAL BUSINESS MACHINES CORP
$152.67B35.90%6.10%9.93%12.90%4.891.1355.60%13.20%16.76%
TER
TERADYNE INC
$17.81B18.20%13.20%18.73%30.20%0.383.2857.40%16.80%19.78%
ZM
ZOOM VIDEO COMMUNICATIONS INC
$18.79B8.80%6.90%10.19%14.40%0.244.5076.20%14.10%18.38%
INFY
INFOSYS LTD
$69.32B31.20%19.30%39.44%47.60%0.661.8130.20%16.40%22.83%
CSGS
CSG SYSTEMS INTERNATIONAL INC
$1.39B20.60%4.90%14.00%14.80%4.281.5447.40%5.70%10.56%
NTAP
NETAPP INC
$21.09B99.10%10.00%21.36%36.50%8.431.1570.10%15.20%19.37%
TASK
TASKUS INC
$1.02B10.10%5.10%12.69%18.20%0.963.2341.70%4.90%10.47%
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
$15.29B9.80%3.70%9.30%16.50%1.851.0748.20%11.00%24.21%
EXTR
EXTREME NETWORKS INC
$1.44B73.50%7.20%19.83%59.50%9.561.0259.60%6.00%8.75%
GDYN
GRID DYNAMICS HOLDINGS INC
$742.26M-0.50%-0.40%1.23%8.10%0.147.6736.20%-0.60%1.55%
KEYS
KEYSIGHT TECHNOLOGIES INC
$25.82B20.30%11.00%19.21%28.30%0.881.9364.80%18.10%24.97%
SMCI
SUPER MICRO COMPUTER INC
$48.04B32.60%17.90%25.52%37.70%0.762.4316.40%7.90%9.41%
AVGO
BROADCOM INC
$602.57B33.60%11.80%9.39%28.70%1.531.3467.10%29.90%38.06%
ENPH
ENPHASE ENERGY INC
$14.80B28.40%8.10%12.38%9.50%2.504.1646.40%15.10%18.14%
SANM
SANMINA CORP
$3.38B12.30%5.60%14.21%16.10%1.031.998.40%3.30%4.70%
PSN
PARSONS CORP
$8.31B7.50%3.50%7.33%12.50%1.061.5222.20%3.00%4.57%
NOW
SERVICENOW INC
$142.13B25.30%11.30%10.06%11.80%1.281.0678.60%19.30%11.24%
NVEC
NVE CORP
$393.44M32.30%31.60%37.73%39.60%0.0236.0878.70%60.70%70.98%
TTD
TRADE DESK INC
$40.51B8.60%4.00%8.39%12.50%1.261.7281.20%9.20%10.25%
APPF
APPFOLIO INC
$8.21B27.20%19.40%18.35%29.70%0.295.4763.30%11.40%10.45%
HPE
HEWLETT PACKARD ENTERPRISE CO
$22.10B9.10%3.40%6.42%8.70%1.730.8937.30%6.80%8.22%
DDOG
DATADOG INC
$41.65B2.80%1.40%2.27%2.30%0.943.1780.70%2.30%3.13%
AMAT
APPLIED MATERIALS INC
$165.06B45.40%23.50%33.91%44.90%0.812.7147.00%27.00%31.32%
TEL
TE CONNECTIVITY LTD
$43.33B28.20%15.30%15.39%19.50%0.821.4533.30%21.60%17.17%
FTV
FORTIVE CORP
$26.50B8.80%5.50%7.31%29.40%0.671.5059.60%14.70%18.83%
MSI
MOTOROLA SOLUTIONS INC
$56.34B412.60%13.60%31.01%27.20%17.401.0049.80%17.10%23.62%
LRCX
LAM RESEARCH CORP
$116.94B44.40%19.40%29.38%33.90%1.282.8246.80%25.30%28.58%
NVMI
NOVA LTD
$4.93B19.90%12.70%19.08%21.60%0.512.2056.60%26.30%29.87%
UBER
UBER TECHNOLOGIES INC
$137.61B20.50%5.30%9.35%13.50%2.311.2039.80%5.10%7.33%
HIMX
HIMAX TECHNOLOGIES INC
$882.36M5.90%3.10%5.53%4.40%0.911.6927.90%5.40%5.47%
ALGM
ALLEGRO MICROSYSTEMS INC
$5.73B21.00%16.80%17.40%33.20%0.384.5756.10%20.60%23.32%
DT
DYNATRACE INC
$13.41B11.20%7.00%5.90%-148.50%0.571.3481.40%14.40%8.83%

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65-0.19%+4.35%-2.22%-11.45%11.14x2.65x+69.59%+9.27%+17.47%+19.02%Buy
38-2.55%+6.50%-12.62%+145.81%36.65x13.65x-27.37%+9.94%+18.66%+18.97%Buy
18-1.36%+1.82%-1.56%-7.10%24.61x20.87x+149.67%+28.22%+53.07%+23.85%Buy
44-1.88%+0.92%-3.59%+13.14%26.49x3.55x+21.09%+9.62%+15.05%+16.37%Buy
10-1.50%-1.11%-2.51%+32.99%13.04x1.35x+12.26%+3.92%+12.65%+3.88%Hold
66-1.85%-2.48%-7.25%+10.51%22.42x4.42x+24.64%+7.98%+16.18%+19.09%Buy
33-1.16%-1.34%-5.02%+1.25%14.10x3.09x+9.08%+6.18%+9.00%+10.87%Buy
29-3.29%+1.99%-7.27%+47.63%37.98x11.25x+50.92%+18.21%+30.74%+14.05%Buy
69-1.77%+5.61%-4.24%+36.97%59.35x7.85x+52.09%+30.00%+33.77%+15.76%Buy
252-3.47%-4.23%-9.93%+21.15%91.28x6.36x+6.69%+4.37%+7.12%+24.03%Buy
138-2.50%-2.39%-6.63%+15.76%75.75x10.93x-39.47%+15.00%+24.32%+22.99%Buy
23-2.89%-0.87%-8.38%-48.23%31.32x2.46x+11.66%+7.26%+11.06%+37.90%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. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the top tech stock with a Zen Score of 72, which is 42 points higher than the tech sector average of 30. It passed 26 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 28.55% over the past year, overperforming other tech stocks by 8 percentage points.

Logitech International Sa has an average 1 year price target of $96.40, an upside of 22.97% from Logitech International Sa's current stock price of $78.39.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Logitech International Sa, 40% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a Hold, while 0% have issued a Sell rating, and 20% have issued a Strong Sell.

2. Exlservice Holdings (NASDAQ:EXLS)


Exlservice Holdings (NASDAQ:EXLS) 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. Exlservice Holdings has seen its stock lose -17.37% over the past year, underperforming other tech stocks by -38 percentage points.

Exlservice Holdings has an average 1 year price target of $37.00, an upside of 27.59% from Exlservice Holdings's current stock price of $29.00.

Exlservice Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Exlservice Holdings, 25% have issued a Strong Buy rating, 50% have issued a Buy, 25% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Full Truck Alliance Co (NYSE:YMM)


Full Truck Alliance Co (NYSE:YMM) 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. Full Truck Alliance Co has seen its stock return 32.46% over the past year, overperforming other tech stocks by 12 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -30.31% from Full Truck Alliance Co's current stock price of $8.61.

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.

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 4.58%. 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 162.34%, which is 158 percentage points higher than the tech sector average of 4.58%. 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 142.13%, which is 138 percentage points higher than the tech sector average of 4.58%.

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 -2.53% in the last day, and down -0.66% over the last week. Bakkt Holdings was the among the top losers in the technology sector, dropping -32.63% yesterday.

Shares of stocks within the broader financial sector are trading lower following earlier economic data. Also, the sector may be moving ahead of the upcoming Fed decision.

What are the most undervalued tech stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued tech stocks right now are:

1. Himax Technologies (NASDAQ:HIMX)


Himax Technologies (NASDAQ:HIMX) is the 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 -23.37% in the past year. It has underperformed other stocks in the tech sector by -44 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 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 -15.9% in the past year. It has underperformed other stocks in the tech sector by -37 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 -21.16% 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 buy right now. On average, analysts expect tech stocks to rise by 19.9% 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 56.39x.
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.