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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
AMAT
APPLIED MATERIALS INC
$161.19B45.40%23.50%33.91%44.90%0.812.7147.00%27.00%31.32%
MCHP
MICROCHIP TECHNOLOGY INC
$47.98B34.40%14.40%24.58%34.70%1.280.9867.00%27.60%36.98%
SIMO
SILICON MOTION TECHNOLOGY CORP
$2.40B7.20%5.40%7.68%13.20%0.373.7342.30%8.30%9.55%
NXPI
NXP SEMICONDUCTORS NV
$63.78B33.10%11.80%17.97%22.30%1.612.3657.00%21.20%27.59%
SHOP
SHOPIFY INC
$90.57B1.60%1.20%1.78%2.20%0.256.9949.80%1.90%2.62%
FORM
FORMFACTOR INC
$3.41B9.70%7.90%9.19%14.60%0.224.3839.00%12.40%13.53%
CIEN
CIENA CORP
$6.74B7.80%4.00%8.20%8.60%0.914.2943.30%5.20%8.92%
AVT
AVNET INC
$4.34B13.90%5.30%14.03%10.80%1.592.3412.00%2.60%4.51%
EXTR
EXTREME NETWORKS INC
$1.47B73.50%7.20%19.83%59.50%9.561.0259.60%6.00%8.75%
PUBM
PUBMATIC INC
$1.14B3.00%1.40%3.33%4.90%1.351.4862.80%3.30%3.93%
QLYS
QUALYS INC
$6.11B49.10%20.60%42.19%98.10%1.211.5480.60%27.30%32.22%
SRAD
SPORTRADAR GROUP AG
$2.76B4.30%2.20%4.28%2,035.00%1.581.2676.50%3.90%9.22%
CPAY
CORPAY INC
$21.29B31.50%6.50%19.35%32.60%3.721.0478.20%26.10%44.54%
AKAM
AKAMAI TECHNOLOGIES INC
$15.29B12.60%6.10%7.41%8.00%1.152.1660.40%14.40%17.62%
HPQ
HP INC
$27.22B-184.40%9.40%30.55%33.30%-22.860.7121.90%6.50%6.90%
CLMB
CLIMB GLOBAL SOLUTIONS INC
$301.64M18.00%4.70%18.77%-150.40%3.481.0718.30%3.50%4.50%
DTST
DATA STORAGE CORP
$35.50M1.90%1.60%2.30%3.50%0.184.1438.40%1.50%1.83%
CINT
CI&T INC
$518.83MN/AN/AN/AN/AN/AN/A33.40%5.90%16.15%
BMI
BADGER METER INC
$5.36B20.30%14.60%21.96%57.60%0.393.4839.30%13.80%18.03%
HCKT
HACKETT GROUP INC
$604.10M44.50%18.90%37.45%59.90%1.011.5139.20%11.50%16.61%
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
$22.78B32.50%8.40%14.40%18.30%2.871.4029.90%10.80%16.02%
NVDA
NVIDIA CORP
$2.08T92.80%55.70%61.85%78.30%0.534.1772.70%48.80%55.93%
VRNT
VERINT SYSTEMS INC
$1.90B2.20%0.80%3.90%12.20%1.151.3769.60%2.00%7.75%
CHKP
CHECK POINT SOFTWARE TECHNOLOGIES LTD
$16.73B30.00%15.20%26.12%57.90%0.991.1688.30%34.30%39.77%
UI
UBIQUITI INC
$6.64B-392.70%27.00%50.31%26.10%-85.913.8440.10%19.80%28.07%
ADBE
ADOBE INC
$210.29B30.70%16.60%32.67%152.10%0.861.0588.10%24.10%31.49%
MNDO
MIND CTI LTD
$38.24M23.10%16.60%20.35%42.70%0.294.4150.30%23.90%25.57%
MPWR
MONOLITHIC POWER SYSTEMS INC
$31.76B22.50%18.60%23.00%32.70%0.197.7456.10%23.50%27.78%
HKD
AMTD DIGITAL INC
$696.86M11.90%9.80%11.75%15.50%0.314.17100.00%225.30%258.94%
NICE
NICE LTD
$13.89B10.50%6.80%10.89%20.10%0.532.0667.70%14.20%18.31%
DAKT
DAKTRONICS INC
$444.34M24.30%10.80%19.22%22.30%1.112.2127.00%6.60%7.79%
IMMR
IMMERSION CORP
$227.61M19.70%16.60%21.85%28.80%0.188.93100.00%100.20%126.52%
INTU
INTUIT INC
$172.24B16.10%9.60%15.35%45.50%0.761.1779.10%18.40%23.87%
STNE
STONECO LTD
$4.86B11.40%3.70%30.49%52.20%2.331.2875.30%13.20%49.46%
KLAC
KLA CORP
$89.68B86.70%18.20%31.65%28.90%3.832.1459.60%27.20%34.61%
LSCC
LATTICE SEMICONDUCTOR CORP
$9.24B33.80%27.30%23.20%61.20%0.204.1869.50%31.40%24.55%
EGAN
EGAIN CORP
$194.70M11.00%5.70%11.67%-32.50%0.881.9870.60%7.30%8.80%
CPSH
CPS TECHNOLOGIES CORP
$25.84M8.10%6.20%9.85%19.00%0.254.4624.80%5.00%6.27%
CLS
CELESTICA INC
$5.17B18.70%5.60%17.07%18.60%2.341.4210.10%3.90%5.47%
FN
FABRINET
$6.27B16.80%12.50%16.67%21.20%0.323.7112.50%9.40%10.09%
ARW
ARROW ELECTRONICS INC
$6.72B16.10%4.30%17.42%13.70%2.731.3912.50%2.70%4.49%
TSRI
TSR INC
$16.59M11.30%8.00%14.08%35.20%0.393.3717.60%2.20%2.89%
DSGX
DESCARTES SYSTEMS GROUP INC
$8.07B9.80%8.10%12.00%-262.10%0.192.0575.90%20.20%26.62%
VSH
VISHAY INTERTECHNOLOGY INC
$3.06B14.90%7.70%13.83%16.30%0.933.3228.60%9.50%14.43%
INTT
INTEST CORP
$133.33M10.60%7.20%10.61%24.40%0.403.5346.20%7.60%9.51%
ATEN
A10 NETWORKS INC
$1.14B20.40%10.70%15.71%26.00%0.882.4580.90%15.90%17.40%
JBL
JABIL INC
$13.79B55.90%8.00%33.27%29.60%5.441.178.90%4.70%6.67%
TDY
TELEDYNE TECHNOLOGIES INC
$18.16B9.90%6.20%7.99%20.20%0.571.8143.30%15.80%18.35%
GLOB
GLOBANT SA
$7.67B9.60%6.60%10.78%26.10%0.551.3636.10%7.60%10.58%
SNPS
SYNOPSYS INC
$79.66B22.90%13.90%18.95%71.30%0.581.2979.30%23.00%24.46%
SAIC
SCIENCE APPLICATIONS INTERNATIONAL CORP
$6.66B26.70%8.40%17.81%27.70%1.980.9811.70%6.40%9.94%
SPSC
SPS COMMERCE INC
$6.63B10.60%8.60%12.20%62.40%0.233.1366.00%12.20%15.36%
BELFA
BEL FUSE INC
$883.40M22.90%13.40%18.60%23.40%0.604.2135.30%12.60%14.64%
BHE
BENCHMARK ELECTRONICS INC
$1.08B6.10%2.80%7.24%6.90%1.112.299.50%2.30%3.98%
VZIO
VIZIO HOLDING CORP
$2.11B6.80%3.20%8.13%21.70%1.141.6221.20%1.70%2.27%
MLAB
MESA LABORATORIES INC
$594.32M0.20%0.10%0.66%1.70%0.842.6861.00%0.40%2.16%
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
$16.21M11.10%6.30%11.35%15.70%0.722.0220.80%4.50%5.55%
DCBO
DOCEBO INC
$1.37B2.20%1.10%-6.74%10.10%2.121.2680.90%1.60%-2.15%
SOL
EMEREN GROUP LTD
$100.19M-0.90%-0.60%-0.13%-0.10%0.295.4030.00%-3.40%-0.62%
GFS
GLOBALFOUNDRIES INC
$26.04B9.60%5.70%8.18%8.00%0.622.0428.40%13.80%16.54%
TXN
TEXAS INSTRUMENTS INC
$159.52B35.60%18.20%22.87%21.10%1.054.9161.00%35.20%42.65%
VSAT
VIASAT INC
$2.02B4.60%1.50%2.45%2.50%2.262.7132.40%6.00%9.83%
PLXS
PLEXUS CORP
$2.82B10.40%3.80%11.45%10.20%1.611.529.30%3.10%4.36%
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
$699.85B26.10%16.10%21.62%25.00%0.612.3354.40%39.40%45.89%
SURG
SURGEPAYS INC
$71.18M105.50%49.80%64.85%128.80%0.482.6326.00%15.00%13.82%
EVTC
EVERTEC INC
$2.46B14.70%5.70%6.67%17.30%2.401.8851.50%11.50%16.92%
ORCL
ORACLE CORP
$315.06B329.20%7.80%13.07%12.30%23.280.8571.50%20.30%27.92%
CAMT
CAMTEK LTD
$3.54B17.90%10.80%9.47%15.00%0.655.6646.80%24.90%20.74%
WEX
WEX INC
$8.77B15.00%1.90%10.80%22.40%7.111.0661.60%10.20%22.68%
PLTR
PALANTIR TECHNOLOGIES INC
$48.95B6.80%5.10%6.17%8.90%0.285.5580.60%9.40%10.47%
SANM
SANMINA CORP
$3.38B11.00%5.20%12.52%14.20%1.012.008.40%3.10%4.46%
CRWD
CROWDSTRIKE HOLDINGS INC
$71.46B4.60%1.50%3.73%28.20%1.871.7675.30%2.90%4.82%
ACN
ACCENTURE PLC
$200.32B26.80%13.80%26.19%68.10%0.861.2632.60%10.90%14.27%
ANSS
ANSYS INC
$28.07B8.40%6.30%8.71%33.40%0.322.8087.80%19.50%25.19%
AAPL
APPLE INC
$2.61T156.00%29.40%55.28%41.70%3.771.0745.00%26.20%31.47%
TIXT
TELUS INTERNATIONAL (CDA) INC
$2.27B2.70%1.10%4.86%8.50%1.371.1583.00%2.00%7.50%
PCTY
PAYLOCITY HOLDING CORP
$8.41B19.20%4.20%21.63%47.90%3.551.1168.90%13.00%17.91%
LSPD
LIGHTSPEED COMMERCE INC
$2.02B-8.40%-7.80%-9.96%-232.00%0.076.2243.20%-23.80%-28.33%
ALKT
ALKAMI TECHNOLOGY INC
$2.36B-19.40%-13.70%-15.40%-24.00%0.233.7754.40%-23.80%-20.95%
APH
AMPHENOL CORP
$71.63B25.20%12.70%20.17%33.40%0.922.0632.90%15.90%20.89%
ITRI
ITRON INC
$4.17B7.90%3.90%6.50%12.10%0.971.9532.80%4.50%6.18%
PAYC
PAYCOM SOFTWARE INC
$10.72B24.90%8.40%28.52%40.00%2.221.1183.70%20.10%28.01%
ENTG
ENTEGRIS INC
$18.59B9.30%3.40%7.24%7.30%1.443.3542.90%9.30%16.94%
MTSI
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC
$7.14B7.90%4.60%6.82%7.10%0.617.2458.00%11.90%16.88%
WIT
WIPRO LTD
$29.50B16.00%10.10%19.77%26.20%0.552.2926.50%12.70%17.89%
LFUS
LITTELFUSE INC
$5.78B9.00%5.50%8.91%15.20%0.603.5736.80%9.60%13.78%
FLYW
FLYWIRE CORP
$2.51B-1.30%-1.00%-0.49%11.20%0.372.9863.40%-2.10%-0.99%
FLEX
FLEX LTD
$11.09B13.30%3.60%7.10%7.60%2.331.598.30%2.60%2.65%
ALRM
ALARMCOM HOLDINGS INC
$3.34B12.30%5.80%8.06%11.70%1.045.4663.10%9.20%11.56%
CDNS
CADENCE DESIGN SYSTEMS INC
$74.71B32.20%19.10%30.69%67.00%0.601.3289.30%25.70%32.03%
VTEX
VTEX
$1.36B-5.40%-4.00%12.42%15.70%0.423.4569.80%-6.80%16.27%
NVTS
NAVITAS SEMICONDUCTOR CORP
$765.41M-38.50%-30.70%-33.54%-511.10%0.284.1439.10%-183.00%-183.69%
PLUS
EPLUS INC
$2.05B15.30%8.00%18.31%28.50%0.821.9325.60%5.90%8.16%
BOX
BOX INC
$3.81B-19.60%8.90%9.03%9.70%-2.741.2474.90%9.60%4.89%
ALNT
ALLIENT INC
$488.18M10.00%4.10%8.38%8.80%1.382.6031.70%4.20%7.27%
PRGS
PROGRESS SOFTWARE CORP
$2.17B15.50%4.40%8.87%15.70%2.350.9581.40%9.70%15.33%
ROP
ROPER TECHNOLOGIES INC
$55.09B8.20%5.00%7.63%31.10%0.620.5069.70%22.40%31.14%
CRSR
CORSAIR GAMING INC
$1.16B0.50%0.20%1.32%2.80%0.991.7024.70%0.20%0.85%
MTLS
MATERIALISE NV
$316.60M3.00%1.80%3.66%6.90%0.641.9156.80%2.60%3.92%
GLW
CORNING INC
$28.57B5.00%2.00%4.46%4.00%1.441.6731.20%4.60%8.56%

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65-0.49%+4.00%-2.70%-11.89%11.37x2.63x+69.12%+9.27%+17.45%+22.46%Buy
38-7.27%-1.08%-18.98%+127.89%34.70x13.17x-27.45%+9.84%+18.53%+28.80%Buy
18-0.09%+0.79%-1.64%-7.22%24.45x20.75x+149.61%+28.21%+53.04%+24.49%Buy
44-0.55%+0.19%-4.13%+12.51%26.60x3.50x+20.91%+9.53%+14.93%+17.12%Buy
10-2.16%-3.33%-4.61%+30.12%12.60x1.31x+12.21%+3.91%+12.62%+6.41%Hold
66-0.54%-2.71%-7.76%+9.88%26.25x4.40x+24.77%+8.20%+16.59%+19.92%Buy
33+0.93%+2.78%-4.14%+2.19%13.88x3.13x+9.49%+6.51%+9.35%+9.93%Buy
29-2.66%-1.04%-9.73%+43.71%35.84x10.95x+51.03%+18.27%+30.81%+17.21%Buy
69-3.63%+0.44%-7.71%+32.21%52.49x7.55x+52.10%+30.02%+33.81%+20.46%Buy
252-0.25%-3.79%-10.14%+20.74%85.72x6.35x+6.21%+4.22%+7.06%+24.31%Buy
138+0.23%-2.35%-6.41%+16.03%69.87x11.04x-39.05%+15.05%+24.40%+22.66%Buy
23-0.53%+0.30%-8.87%-48.51%29.03x2.42x+12.55%+7.80%+12.04%+38.77%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 29.57% over the past year, overperforming other tech stocks by 10 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, an upside of 18.76% from Logitech International Sa's current stock price of $79.01.

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.

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 31.08% 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 -29.58% from Full Truck Alliance Co's current stock price of $8.52.

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. Exlservice Holdings (NASDAQ:EXLS)


Exlservice Holdings (NASDAQ:EXLS) 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. Exlservice Holdings has seen its stock lose -17.17% over the past year, underperforming other tech stocks by -36 percentage points.

Exlservice Holdings has an average 1 year price target of $37.00, an upside of 27.28% from Exlservice Holdings's current stock price of $29.07.

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.

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 4.53%. 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 153.01%, which is 148 percentage points higher than the tech sector average of 4.53%.

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 145.63%, which is 141 percentage points higher than the tech sector average of 4.53%. 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 down?

Tech stocks were down -1.21% in the last day, and down -1.7% over the last week. Cemtrex was the among the top losers in the technology sector, dropping -73.25% yesterday.

Cemtrex shares are trading lower after the company announced pricing of a $10 million upsized underwritten 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 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 -17.38% in the past year. It has underperformed other stocks in the tech sector by -37 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 -24.58% in the past year. It has underperformed other stocks in the tech sector by -44 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 -21.86% in the past year. It has underperformed other stocks in the tech sector by -41 percentage points.

Are tech stocks a good buy now?

40% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 21.59% 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 52.33x.
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.