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

Overview Zen Score Price Valuation Financials

Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Market Cap	ROE	ROA	ROCE	ROIC	D/E	Current Ratio	Gross Margin	Profit Margin	Operating Margin
PATH	UIPATH INC	$10.95B	-4.50%	-3.30%	-3.38%	-7.50%	0.47	3.63	85.00%	-6.90%	-5.80%
IOT	SAMSARA INC	$19.41B	-30.80%	-17.20%	-24.79%	-26.70%	0.90	1.50	73.60%	-30.60%	-30.23%
CTS	CTS CORP	$1.45B	10.20%	7.10%	10.92%	21.30%	0.41	3.32	34.80%	10.10%	13.12%
DQ	DAQO NEW ENERGY CORP	$1.23B	3.50%	2.30%	3.87%	7.20%	0.18	4.59	24.10%	8.30%	12.53%
RSKD	RISKIFIED LTD	$923.12M	-12.00%	-9.90%	-14.28%	-41.80%	0.22	7.63	51.20%	-19.80%	-25.54%
FRSH	FRESHWORKS INC	$5.45B	-11.10%	-8.20%	-9.24%	-15.00%	0.36	4.07	83.30%	-18.90%	-16.75%
DELL	DELL TECHNOLOGIES INC	$84.78B	-118.20%	3.80%	15.56%	18.40%	-35.11	0.74	23.60%	3.60%	5.91%
INTC	INTEL CORP	$129.29B	3.90%	2.10%	0.38%	0.40%	0.77	1.57	41.50%	7.40%	1.14%
HEAR	TURTLE BEACH CORP	$251.76M	-22.40%	-11.90%	-17.98%	-27.10%	0.76	2.22	29.30%	-6.80%	-6.52%
OLO	OLO INC	$796.53M	-8.70%	-7.70%	-8.69%	-33.70%	0.14	5.84	60.90%	-25.50%	-25.34%
MGIC	MAGIC SOFTWARE ENTERPRISES LTD	$575.44M	14.30%	7.10%	13.41%	32.60%	0.88	1.81	28.60%	6.90%	9.59%
FORTY	FORMULA SYSTEMS (1985) LTD	$1.12B	10.90%	2.30%	7.57%	14.70%	2.41	1.39	24.60%	2.40%	5.28%
TEAM	ATLASSIAN CORP	$44.97B	-18.70%	-3.70%	-1.61%	-9.30%	3.46	1.18	81.90%	-3.90%	-1.00%
NSIT	INSIGHT ENTERPRISES INC	$5.65B	17.30%	5.10%	14.38%	20.20%	2.62	1.28	18.20%	3.10%	4.57%
IMOS	CHIPMOS TECHNOLOGIES INC	$1.01B	8.00%	4.30%	6.55%	5.90%	0.86	3.38	16.60%	9.20%	11.87%
PWFL	POWERFLEET INC	$181.97M	-10.30%	-4.00%	-1.54%	-3.50%	0.95	1.71	50.00%	-6.60%	-1.95%
INLX	INTELLINETICS INC	$29.78M	5.60%	2.70%	7.56%	12.00%	0.95	1.14	62.60%	3.10%	6.56%
DOCN	DIGITALOCEAN HOLDINGS INC	$3.23B	-6.70%	1.30%	2.82%	1.50%	-5.66	2.61	59.00%	2.80%	5.16%
WNS	WNS (HOLDINGS) LTD	$1.96B	17.70%	9.60%	17.49%	20.90%	0.85	1.71	36.20%	10.60%	14.55%
LDOS	LEIDOS HOLDINGS INC	$19.23B	7.50%	2.50%	7.86%	10.20%	2.00	1.35	15.20%	2.00%	4.87%
ULY	URGENTLY INC	$22.40M	-47.60%	119.20%	132.53%	328.30%	11.62	3.47	20.50%	40.50%	64.66%
ZS	ZSCALER INC	$25.82B	-17.90%	-3.90%	-4.24%	-5.30%	3.10	1.98	77.50%	-7.30%	-5.26%
ADTN	ADTRAN HOLDINGS INC	$356.51M	-14.50%	-6.40%	-13.64%	-24.70%	0.91	2.73	28.20%	-9.30%	-15.50%
WIX	WIXCOM LTD	$6.80B	-24.40%	1.90%	-2.43%	-1.90%	-34.11	1.36	67.20%	2.10%	-1.58%
RDDT	REDDIT INC	N/A	N/A	N/A	-5.95%	N/A	-0.38	11.08	86.20%	-11.30%	-10.82%
PALT	PALTALK INC	$31.63M	-5.30%	-4.40%	-8.32%	90.00%	0.19	4.71	70.50%	-9.70%	-15.73%
INTJ	INTELLIGENT GROUP LTD	$11.59M	26.90%	14.70%	23.62%	318.30%	0.99	2.16	78.10%	19.80%	22.92%
GILT	GILAT SATELLITE NETWORKS LTD	$286.22M	9.00%	6.00%	9.35%	20.80%	0.55	1.90	39.40%	8.80%	10.55%
TDC	TERADATA CORP	$3.64B	35.20%	3.30%	16.76%	23.50%	12.87	0.87	60.80%	3.40%	8.02%
AVPT	AVEPOINT INC	$1.44B	-10.20%	-5.30%	-7.08%	-79.90%	1.03	1.84	71.50%	-8.00%	-6.93%
FATH	FATHOM DIGITAL MANUFACTURING CORP	$34.89M	26.90%	4.60%	20.98%	21.60%	2.60	0.22	28.70%	12.20%	24.03%
SGMA	SIGMATRON INTERNATIONAL INC	$26.33M	1.70%	0.40%	8.68%	5.90%	2.51	2.28	11.20%	0.30%	3.44%
VISL	VISLINK TECHNOLOGIES INC	$9.08M	-22.90%	-18.90%	-25.88%	-34.60%	0.22	5.73	51.30%	-33.20%	-36.04%
DAIO	DATA I/O CORP	$26.17M	2.50%	1.80%	3.21%	6.80%	0.35	3.98	57.70%	1.70%	2.42%
MDB	MONGODB INC	$27.19B	-19.00%	-6.50%	-6.69%	-5.80%	1.68	4.40	74.80%	-10.50%	-9.16%
PDFS	PDF SOLUTIONS INC	$1.16B	1.40%	1.10%	2.03%	4.70%	0.27	3.89	68.80%	1.90%	2.94%
INDI	INDIE SEMICONDUCTOR INC	$1.00B	-29.30%	-14.60%	-16.69%	-60.70%	0.77	1.96	40.10%	-52.70%	-50.86%
IT	GARTNER INC	$32.79B	125.00%	10.60%	28.26%	49.80%	9.74	0.91	67.70%	13.40%	19.26%
FTCI	FTC SOLAR INC	$56.15M	-70.80%	-37.50%	-73.64%	-131.80%	0.97	1.99	6.50%	-39.60%	-39.66%
MLGO	MICROALGO INC	$12.90M	-66.90%	-57.70%	-83.06%	-651.40%	0.27	4.79	30.00%	-46.20%	-46.57%
PSN	PARSONS CORP	$11.39B	1.30%	0.60%	2.10%	3.60%	1.33	1.79	22.00%	0.50%	1.36%
BLZE	BACKBLAZE INC	$383.98M	-115.40%	-43.90%	-74.96%	-61.20%	1.93	0.68	48.90%	-58.50%	-54.81%
VPG	VISHAY PRECISION GROUP INC	$446.71M	8.00%	5.30%	10.27%	13.50%	0.43	3.94	42.30%	7.20%	11.86%
MKTW	MARKETWISE INC	$530.54M	-12.90%	0.40%	-5.82%	1.00%	-61.86	0.72	87.30%	0.40%	-0.29%
API	AGORA INC	$232.35M	-13.70%	-12.50%	-14.05%	-20.00%	0.12	4.60	63.20%	-61.60%	-61.31%
KVYO	KLAVIYO INC	$5.90B	N/A	N/A	-32.04%	N/A	0.19	6.15	74.50%	-44.20%	-43.98%
TTEC	TTEC HOLDINGS INC	$346.23M	1.40%	0.40%	6.13%	6.60%	2.62	1.69	21.50%	0.30%	4.43%
TROO	TROOPS INC	$130.05M	-2.80%	-2.50%	-2.74%	-2.80%	0.16	2.26	21.70%	-48.20%	-50.35%
TACT	TRANSACT TECHNOLOGIES INC	$52.02M	12.30%	8.70%	15.32%	20.00%	0.38	3.01	52.90%	6.50%	8.55%
ELSE	ELECTRO SENSORS INC	$13.95M	2.00%	1.90%	2.76%	5.20%	0.05	19.04	49.60%	3.20%	4.43%
PCOR	PROCORE TECHNOLOGIES INC	$9.89B	-16.90%	-10.70%	-14.90%	-87.20%	0.64	1.49	81.60%	-20.00%	-19.63%
MEI	METHODE ELECTRONICS INC	$419.73M	-6.50%	-3.80%	-3.46%	-4.30%	0.79	2.74	18.10%	-5.10%	-3.83%
NN	NEXTNAV INC	$1.01B	-88.00%	-46.80%	-44.53%	-70.50%	1.06	9.31	-230.00%	-1,857.50%	-1,756.86%
AVDX	AVIDXCHANGE HOLDINGS INC	$2.43B	-7.30%	-2.20%	-4.02%	-9.60%	2.78	1.26	68.10%	-12.40%	-8.57%
NET	CLOUDFLARE INC	$29.73B	-26.70%	-7.00%	-7.84%	-5.20%	2.62	3.50	76.30%	-14.20%	-13.26%
FEIM	FREQUENCY ELECTRONICS INC	$91.46M	9.10%	4.20%	6.97%	7.70%	1.12	1.86	31.00%	6.10%	6.57%
KN	KNOWLES CORP	$1.42B	7.90%	6.00%	4.86%	10.00%	0.44	2.75	39.40%	10.50%	8.40%
PTC	PTC INC	$20.92B	8.90%	3.80%	9.02%	21.10%	1.23	1.19	79.10%	10.90%	22.01%
LSAK	LESAKA TECHNOLOGIES INC	$274.50M	-14.20%	-4.60%	-5.87%	-8.60%	1.77	1.58	21.40%	-4.80%	-4.85%
NRDY	NERDY INC	$444.71M	-90.80%	-31.90%	-48.74%	1,037.90%	0.75	2.67	70.60%	-20.80%	-22.46%
GPRO	GOPRO INC	$278.81M	-9.40%	-5.30%	-9.15%	-11.20%	0.74	1.73	32.20%	-5.30%	-6.27%
FICO	FAIR ISAAC CORP	$28.19B	-67.40%	29.80%	50.48%	30.70%	-3.32	2.04	79.70%	30.00%	43.68%
AAOI	APPLIED OPTOELECTRONICS INC	$380.14M	-30.70%	-14.90%	-15.76%	-15.60%	0.81	1.85	27.10%	-25.80%	-21.42%
ROG	ROGERS CORP	$2.21B	5.50%	4.50%	7.22%	11.40%	0.18	4.29	33.70%	7.70%	11.27%
DOCU	DOCUSIGN INC	$11.77B	8.00%	2.30%	7.67%	25.40%	1.63	0.94	79.30%	2.70%	3.64%
MYSZ	MY SIZE INC	$2.62M	-136.00%	-71.00%	-133.23%	-536.80%	0.90	1.71	39.00%	-91.20%	-97.37%
GRRR	GORILLA TECHNOLOGY GROUP INC	$43.11M	43.30%	21.00%	35.70%	42.10%	0.96	1.57	69.10%	30.80%	38.94%
SWVL	SWVL HOLDINGS CORP	$77.76M	38.80%	7.70%	27.44%	41.70%	1.79	1.05	18.00%	13.40%	13.76%
ALOT	ASTRONOVA INC	$136.82M	5.40%	3.50%	8.47%	9.80%	0.48	2.58	34.90%	3.20%	5.92%
GTLB	GITLAB INC	$8.45B	-63.60%	-34.60%	-24.42%	-35.30%	1.23	1.94	89.70%	-73.10%	-27.61%
KOSS	KOSS CORP	$21.75M	-3.30%	-2.70%	-3.30%	-3.60%	0.21	12.86	32.70%	-7.70%	-9.06%
AMPG	AMPLITECH GROUP INC	$21.57M	-9.00%	-7.50%	-8.23%	-11.80%	0.18	11.44	46.70%	-15.80%	-15.79%
QUIK	QUICKLOGIC CORP	$202.86M	-1.90%	-0.70%	0.39%	0.80%	1.83	1.17	68.30%	-1.20%	0.33%
KVHI	KVH INDUSTRIES INC	$96.07M	-9.90%	-8.30%	-10.23%	-10.40%	0.17	4.76	28.60%	-11.60%	-11.41%
INTA	INTAPP INC	$2.25B	-16.40%	-9.00%	-13.84%	79.50%	0.76	1.10	69.00%	-13.80%	-13.92%
CALX	CALIX INC	$1.83B	2.70%	2.10%	1.69%	2.30%	0.24	3.96	50.50%	2.00%	1.29%
CYBR	CYBERARK SOFTWARE LTD	$10.02B	-9.20%	-3.50%	-12.98%	-9.10%	1.55	1.08	79.20%	-8.80%	-15.49%
EXFY	EXPENSIFY INC	$138.03M	-41.60%	-20.30%	-30.44%	-33.40%	0.76	2.02	55.60%	-27.50%	-22.00%
BL	BLACKLINE INC	$3.56B	27.40%	2.60%	4.13%	2.80%	6.94	2.19	75.10%	9.00%	10.20%
DAVE	DAVE INC	$550.39M	-55.40%	-16.30%	-13.64%	-9.40%	2.38	10.81	88.80%	-18.70%	-14.14%
SNOW	SNOWFLAKE INC	$52.18B	-16.20%	-11.00%	-15.43%	-23.60%	0.59	1.85	68.00%	-29.80%	-30.19%
OSS	ONE STOP SYSTEMS INC	$57.96M	-16.20%	-12.60%	-13.70%	-14.60%	0.22	6.18	29.50%	-11.00%	-9.31%
QH	QUHUO LTD	$3.52M	0.70%	0.30%	1.27%	1.70%	1.04	1.53	4.50%	0.10%	0.20%
INFN	INFINERA CORP	$1.15B	-2.60%	-0.30%	4.29%	3.30%	7.65	1.69	38.20%	-0.30%	2.48%
USIO	USIO INC	$38.72M	-3.20%	-0.40%	-1.00%	-1.90%	6.10	1.09	22.50%	-0.60%	-0.21%
CLRO	CLEARONE INC	$24.69M	-1.10%	-1.00%	0.89%	1.60%	0.13	10.16	34.00%	-3.00%	2.20%
VHC	VIRNETX HOLDING CORP	$19.33M	-42.60%	-32.60%	-47.25%	-127.20%	0.08	42.93	100.00%	-398,157.10%	-399,285.71%
SPRU	SPRUCE POWER HOLDING CORP	$86.73M	-26.90%	-7.20%	-2.90%	-1.90%	3.20	2.84	52.70%	-82.40%	-29.92%
SLAB	SILICON LABORATORIES INC	$3.79B	-8.60%	-7.30%	-8.18%	-14.80%	0.15	5.80	56.40%	-16.40%	-15.70%
EBON	EBANG INTERNATIONAL HOLDINGS INC	$53.01M	-12.30%	-11.40%	-13.21%	-60.80%	0.06	20.94	-344.00%	-757.40%	-778.62%
MAXN	MAXEON SOLAR TECHNOLOGIES LTD	$102.39M	-120.60%	-12.50%	-11.50%	-9.60%	6.63	1.63	10.90%	-13.60%	-7.40%
AIP	ARTERIS INC	$236.56M	-153.90%	-35.20%	-62.02%	-97.40%	5.81	1.26	90.50%	-68.70%	-65.18%
ML	MONEYLION INC	$707.86M	-20.70%	-8.50%	N/A	-4.10%	1.00	N/A	70.20%	-10.50%	-4.17%
ADEA	ADEIA INC	$1.05B	20.00%	6.00%	14.21%	15.80%	2.10	2.02	100.00%	17.30%	36.67%
SMWB	SIMILARWEB LTD	$571.01M	-211.20%	-12.80%	-52.54%	-97.90%	14.37	0.80	78.40%	-13.50%	-13.21%
TENB	TENABLE HOLDINGS INC	$5.32B	-24.20%	-5.20%	-3.87%	-7.00%	3.64	1.19	77.00%	-9.80%	-4.52%
LTRX	LANTRONIX INC	$138.29M	-11.90%	-6.10%	-6.38%	-9.70%	0.98	2.08	41.70%	-6.70%	-4.79%
GEN	GEN DIGITAL INC	$12.71B	59.60%	8.70%	7.90%	11.70%	5.73	0.67	80.70%	36.80%	28.59%
ONDS	ONDAS HOLDINGS INC	$54.64M	-101.90%	-50.00%	-72.37%	-220.90%	1.42	0.66	40.70%	-295.40%	-259.31%
BILL	BILL HOLDINGS INC	$6.60B	-2.80%	-1.20%	-1.94%	-3.20%	1.50	1.69	81.90%	-9.70%	-9.38%

Tech Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Communication Equipment	65	-0.49%	+4.00%	-2.70%	-11.89%	11.37x	2.63x	+69.12%	+9.27%	+17.45%	+22.46%	Buy
Computer Hardware	38	-7.27%	-1.08%	-18.98%	+127.89%	34.70x	13.17x	-27.45%	+9.84%	+18.53%	+28.80%	Buy
Consumer Electronics	18	-0.09%	+0.79%	-1.64%	-7.22%	24.45x	20.75x	+149.61%	+28.21%	+53.04%	+24.49%	Buy
Electronic Components	44	-0.55%	+0.19%	-4.13%	+12.51%	26.60x	3.50x	+20.91%	+9.53%	+14.93%	+17.12%	Buy
Electronics & Computer Distribution	10	-2.16%	-3.33%	-4.61%	+30.12%	12.60x	1.31x	+12.21%	+3.91%	+12.62%	+6.41%	Hold
Information Technology Services	66	-0.54%	-2.71%	-7.76%	+9.88%	26.25x	4.40x	+24.77%	+8.20%	+16.59%	+19.92%	Buy
Scientific & Technical Instruments	33	+0.93%	+2.78%	-4.14%	+2.19%	13.88x	3.13x	+9.49%	+6.51%	+9.35%	+9.93%	Buy
Semiconductor Equipment & Materials	29	-2.66%	-1.04%	-9.73%	+43.71%	35.84x	10.95x	+51.03%	+18.27%	+30.81%	+17.21%	Buy
Semiconductors	69	-3.63%	+0.44%	-7.71%	+32.21%	52.49x	7.55x	+52.10%	+30.02%	+33.81%	+20.46%	Buy
Software - Application	252	-0.25%	-3.79%	-10.14%	+20.74%	85.72x	6.35x	+6.21%	+4.22%	+7.06%	+24.31%	Buy
Software - Infrastructure	138	+0.23%	-2.35%	-6.41%	+16.03%	69.87x	11.04x	-39.05%	+15.05%	+24.40%	+22.66%	Buy
Solar	23	-0.53%	+0.30%	-8.87%	-48.51%	29.03x	2.42x	+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.