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
XPER	XPERI INC	$441.55M	-28.80%	-17.80%	-20.44%	-38.80%	0.62	2.10	76.50%	-22.90%	-19.94%
CLPS	CLPS INC	$25.23M	-3.80%	-2.30%	-2.43%	-3.30%	0.63	2.26	21.90%	-1.80%	-1.19%
AUID	AUTHID INC	$74.09M	-202.00%	-170.60%	-181.82%	5,321.80%	0.17	5.41	100.00%	-6,673.10%	-6,568.42%
BMTX	BM TECHNOLOGIES INC	$33.75M	-34.70%	-21.50%	-37.49%	235.10%	0.65	1.24	56.40%	-20.10%	-20.01%
FTCI	FTC SOLAR INC	$61.10M	-69.80%	-37.00%	-78.43%	-116.30%	1.09	1.84	4.20%	-47.90%	-48.08%
ADEA	ADEIA INC	$1.26B	11.40%	3.50%	10.80%	12.00%	2.08	2.23	100.00%	11.10%	30.03%
BIGC	BIGCOMMERCE HOLDINGS INC	$611.24M	-197.30%	-10.90%	-12.27%	-8.00%	15.44	5.06	76.40%	-15.40%	-14.46%
MTEK	MARIS TECH LTD	$11.03M	-32.90%	-21.90%	-35.40%	-28.60%	0.64	3.38	47.80%	-67.20%	-72.67%
TYL	TYLER TECHNOLOGIES INC	$20.72B	6.50%	4.10%	6.54%	29.40%	0.52	0.94	44.40%	9.50%	12.27%
MAPS	WM TECHNOLOGY INC	$164.30M	-644.10%	-58.90%	49.70%	85.50%	3.20	1.51	93.20%	-56.90%	37.46%
GVP	GSE SYSTEMS INC	$8.91M	-137.60%	-34.20%	-123.48%	1,833.10%	4.37	0.73	28.10%	-17.10%	-12.23%
BL	BLACKLINE INC	$3.65B	32.40%	3.70%	5.63%	4.00%	6.34	2.30	75.20%	12.40%	13.69%
OUST	OUSTER INC	$527.32M	-116.50%	-66.70%	-90.34%	-90.40%	0.90	3.09	17.50%	-239.90%	-230.38%
RPAY	REPAY HOLDINGS CORP	$1.03B	-10.50%	-5.80%	-6.51%	-15.30%	0.85	3.45	76.60%	-29.50%	-31.44%
BOXL	BOXLIGHT CORP	$6.71M	-166.10%	-26.90%	-28.92%	-29.20%	11.54	2.17	35.30%	-25.80%	-17.17%
SOUN	SOUNDHOUND AI INC	$1.68B	-152.50%	-51.20%	-25.72%	-59.80%	0.85	8.84	72.40%	-186.60%	-132.24%
REKR	REKOR SYSTEMS INC	$117.79M	-118.80%	-55.60%	-54.93%	-84.90%	0.95	1.26	50.90%	-134.00%	-123.80%
MITQ	MOVING IMAGE TECHNOLOGIES INC	$5.09M	-31.40%	-17.30%	-38.33%	-208.20%	1.01	1.88	23.80%	-11.70%	-12.38%
SPRU	SPRUCE POWER HOLDING CORP	$70.27M	-21.10%	-5.40%	-0.35%	-0.20%	3.11	3.35	51.50%	-61.10%	-3.53%
VRAR	GLIMPSE GROUP INC	$21.05M	-154.40%	-95.10%	-129.63%	1,445.20%	0.37	1.58	66.40%	-217.00%	-216.98%
SKYT	SKYWATER TECHNOLOGY INC	$384.01M	-56.70%	-10.50%	-13.42%	-9.80%	4.93	0.96	18.60%	-10.70%	-7.31%
NOTE	FISCALNOTE HOLDINGS INC	$200.22M	-55.80%	-11.70%	-4.54%	-6.00%	2.37	1.09	57.30%	-34.20%	-10.02%
GSIT	GSI TECHNOLOGY INC	$76.64M	-42.70%	-36.10%	-47.70%	-142.40%	0.24	3.75	55.30%	-89.70%	-88.12%
OBLG	OBLONG INC	$3.69M	-89.90%	-73.20%	-96.43%	1,328.90%	0.34	3.98	18.60%	-160.10%	-126.22%
NTNX	NUTANIX INC	$16.85B	N/A	-2.60%	-2.86%	-2.20%	-5.46	1.79	83.80%	-3.30%	-2.22%
NTGR	NETGEAR INC	$379.67M	-20.70%	-13.30%	-4.91%	-6.20%	0.57	2.88	32.70%	-15.70%	-3.78%
HOLO	MICROCLOUD HOLOGRAM INC	$11.35M	-96.00%	-80.80%	-59.67%	-660.10%	0.14	8.83	36.50%	-40.00%	-42.02%
BKTI	BK TECHNOLOGIES CORP	$48.75M	-1.40%	-0.60%	1.36%	1.20%	1.35	1.88	32.10%	-0.40%	0.55%
OSS	ONE STOP SYSTEMS INC	$48.53M	-19.10%	-15.10%	-16.67%	-17.60%	0.26	5.16	29.30%	-13.50%	-11.76%
ERIC	ERICSSON LM TELEPHONE CO	$19.03B	-22.70%	-8.20%	-11.66%	-19.60%	2.01	1.20	38.60%	-10.00%	-7.42%
QRVO	QORVO INC	$9.61B	-5.60%	-3.20%	-1.58%	-2.20%	0.84	1.90	35.30%	-6.10%	-2.48%
PSFE	PAYSAFE LTD	$1.09B	-1.50%	-0.30%	5.19%	6.70%	4.78	1.12	58.60%	-0.80%	11.01%
AUR	AURORA INNOVATION INC	$4.30B	-41.20%	-36.60%	-38.66%	-78.10%	0.12	10.38	N/A	N/A	N/A
GBTG	GLOBAL BUSINESS TRAVEL GROUP INC	$2.86B	-8.40%	-2.10%	3.01%	3.90%	2.27	1.50	58.60%	-3.40%	3.70%
PGY	PAGAYA TECHNOLOGIES LTD	$835.91M	-15.80%	-7.00%	-5.69%	-5.60%	1.09	2.36	39.30%	-10.20%	-8.59%
WOLF	WOLFSPEED INC	$3.17B	-63.70%	-11.10%	-11.50%	-9.70%	6.53	4.58	16.60%	-95.30%	-95.18%
JNVR	JANOVER INC	$11.84M	-92.10%	-80.50%	-80.11%	-1,615.70%	0.11	11.94	99.60%	-211.50%	-211.48%
LITE	LUMENTUM HOLDINGS INC	$3.16B	-27.70%	-7.90%	-7.35%	-6.10%	2.57	5.20	20.40%	-24.90%	-20.10%
MXL	MAXLINEAR INC	$1.62B	-22.40%	-14.20%	-18.85%	-36.40%	0.62	1.99	54.60%	-28.70%	-28.15%
EVCM	EVERCOMMERCE INC	$1.97B	-4.90%	-2.70%	0.23%	0.50%	0.85	1.71	66.10%	-6.00%	0.45%
SCWX	SECUREWORKS CORP	$557.97M	-16.90%	-11.60%	-21.42%	257.40%	0.45	0.68	59.50%	-23.50%	-30.60%
SONO	SONOS INC	$2.09B	-7.90%	-4.20%	-4.36%	-8.10%	0.87	1.92	45.00%	-2.80%	-1.76%
FOUR	SHIFT4 PAYMENTS INC	$6.03B	17.70%	3.10%	4.64%	5.70%	3.72	1.70	26.80%	3.40%	4.61%
MU	MICRON TECHNOLOGY INC	$141.62B	-8.50%	-5.80%	-6.18%	-5.80%	0.50	3.74	-0.30%	-20.60%	-20.08%
BLND	BLEND LABS INC	$807.61M	N/A	-52.00%	-66.29%	-29.50%	-5.31	3.75	54.00%	-90.60%	-68.33%
VERX	VERTEX INC	$5.01B	3.30%	1.00%	-3.24%	116.50%	2.02	0.60	60.90%	1.30%	-1.70%
VIAV	VIAVI SOLUTIONS INC	$1.73B	-0.60%	-0.20%	3.89%	4.90%	1.47	3.81	56.90%	-0.40%	5.83%
WALD	WALDENCAST PLC	$1.01B	-14.20%	-8.40%	-7.96%	-34.60%	0.44	1.71	64.90%	-41.20%	-35.78%
SPWR	SUNPOWER CORP	$576.94M	-24.20%	-7.60%	-16.39%	-11.50%	2.42	1.07	18.70%	-6.60%	-5.22%
SMWB	SIMILARWEB LTD	$627.24M	-137.20%	-9.00%	-30.01%	-63.20%	10.49	0.77	78.70%	-9.00%	-7.74%
MVIS	MICROVISION INC	$249.02M	-90.00%	-67.00%	-83.56%	-153.90%	0.32	4.64	52.80%	-1,212.50%	-1,196.41%
DDD	3D SYSTEMS CORP	$501.71M	-13.20%	-6.70%	-8.85%	-12.90%	0.99	5.36	40.90%	-18.90%	-21.96%
CETX	CEMTREX INC	$3.48M	-75.10%	-11.00%	-2.61%	-2.30%	8.98	1.57	41.80%	-7.70%	-1.16%
KPLT	KATAPULT HOLDINGS INC	$70.70M	N/A	-27.10%	-16.03%	-8.70%	-4.88	2.65	19.30%	-12.20%	-4.68%
IMTE	INTEGRATED MEDIA TECHNOLOGY LTD	$4.29M	-30.30%	-25.00%	-39.09%	-28.20%	0.29	2.60	-9.90%	-1,287.60%	-1,387.01%
PD	PAGERDUTY INC	$1.95B	-38.10%	-9.50%	-10.67%	-13.90%	4.35	2.50	81.90%	-19.00%	-15.95%
YEXT	YEXT INC	$721.73M	-1.90%	-0.60%	0.05%	0.10%	2.46	1.34	78.40%	-0.70%	0.03%
GRND	GRINDR INC	$1.69B	-2,787.10%	-7.30%	0.35%	0.40%	-20.88	1.09	74.10%	-11.60%	0.47%
ATOM	ATOMERA INC	$122.07M	-98.90%	-77.80%	-96.91%	-153.90%	0.25	6.78	89.30%	-3,449.50%	-3,417.78%
AIP	ARTERIS INC	$313.22M	-202.50%	-36.10%	-68.41%	-103.80%	9.62	1.24	89.90%	-69.70%	-65.95%
WYY	WIDEPOINT CORP	$24.58M	-24.70%	-7.30%	-17.77%	-64.70%	2.83	1.05	14.40%	-3.30%	-2.98%
CGNT	COGNYTE SOFTWARE LTD	$542.41M	-8.20%	-3.50%	-6.10%	-22.80%	1.30	1.39	68.70%	-5.00%	-5.48%
SEDG	SOLAREDGE TECHNOLOGIES INC	$2.89B	-10.80%	-5.80%	-7.94%	-7.10%	0.86	4.54	16.90%	-11.70%	-12.45%
SILC	SILICOM LTD	$105.40M	-19.40%	-17.10%	-23.48%	-30.30%	0.13	11.40	20.70%	-32.90%	-34.27%
HTCR	HEARTCORE ENTERPRISES INC	$17.21M	-110.00%	-34.00%	-71.79%	-86.40%	4.06	0.82	24.60%	-40.80%	-44.72%
UPBD	UPBOUND GROUP INC	$1.79B	-4.20%	-0.90%	N/A	7.50%	3.54	N/A	50.20%	-0.60%	6.47%
MYNA	MYNARIC AG	$119.49M	-130.90%	-78.30%	-198.95%	-210.60%	1.89	0.70	-249.00%	-1,668.50%	-1,669.72%
WDC	WESTERN DIGITAL CORP	$24.20B	-15.70%	-6.70%	-5.55%	-7.50%	1.27	1.86	14.10%	-13.60%	-9.21%
LIDR	AEYE INC	$21.22M	-167.30%	-102.80%	-194.29%	-138.10%	1.07	3.48	-1,470.90%	-8,382.10%	-8,348.47%
INSG	INSEEGO CORP	$76.41M	N/A	-36.40%	-56.70%	-20.30%	-2.16	1.06	27.20%	-25.60%	-18.68%
NOVA	SUNNOVA ENERGY INTERNATIONAL INC	$569.08M	-26.80%	-3.70%	-0.75%	-0.50%	5.92	0.74	22.90%	-56.50%	-11.18%
TACT	TRANSACT TECHNOLOGIES INC	$37.48M	1.50%	1.00%	2.58%	3.40%	0.35	3.12	52.00%	0.90%	1.67%
RSSS	RESEARCH SOLUTIONS INC	$91.04M	-5.60%	-1.90%	-2.21%	6.70%	1.89	0.74	42.20%	-1.40%	-1.20%
QBTS	D-WAVE QUANTUM INC	$220.94M	N/A	-149.00%	-197.79%	-152.60%	-2.32	3.10	60.80%	-784.50%	-774.44%
ASX	ASE TECHNOLOGY HOLDING CO LTD	$9.22B	10.90%	4.60%	10.06%	9.00%	1.27	1.19	16.00%	5.40%	7.80%
DOMO	DOMO INC	$273.63M	N/A	-34.90%	612.13%	-170.10%	-2.47	0.65	76.30%	-23.70%	-23.30%
PDYN	PALLADYNE AI CORP	$39.63M	-162.00%	-123.90%	-224.28%	-207.10%	0.47	6.81	29.50%	-1,390.00%	-1,389.92%
AIXI	XIAO-I CORP	$74.21M	N/A	-41.70%	-234.68%	-62.00%	-15.38	0.66	66.60%	-44.70%	-34.40%
BLKB	BLACKBAUD INC	$4.05B	3.00%	0.80%	4.72%	35.80%	3.77	0.67	55.00%	1.90%	7.09%
FIS	FIDELITY NATIONAL INFORMATION SERVICES INC	$43.14B	-31.60%	-12.30%	-16.99%	-20.10%	0.99	1.52	39.40%	-54.10%	-46.73%
BLBX	BLACKBOXSTOCKS INC	$9.95M	-48.30%	-37.60%	-53.11%	-46.40%	0.38	0.11	45.60%	-125.30%	-125.23%
JAMF	JAMF HOLDING CORP	$2.29B	-15.00%	-6.80%	-9.39%	-46.90%	1.18	0.96	77.40%	-18.30%	-18.76%
AMPL	AMPLITUDE INC	$1.11B	-29.40%	-19.60%	-28.57%	-167.70%	0.51	2.68	74.60%	-30.30%	-29.77%
ASTS	AST SPACEMOBILE INC	$1.04B	-67.70%	-21.70%	-19.06%	-28.70%	1.31	7.51	100.00%	-18,194.60%	-17,913.20%
DMRC	DIGIMARC CORP	$533.91M	-57.50%	-46.00%	-46.55%	-221.10%	0.18	6.19	59.90%	-114.40%	-113.85%
ATGL	ALPHA TECHNOLOGY GROUP LTD	$65.93M	-90.20%	-29.00%	-31.83%	-1,328.00%	1.09	1.27	32.80%	-78.60%	-74.85%
ONTF	ON24 INC	$273.80M	-23.50%	-15.50%	-24.47%	-25.20%	0.54	2.67	73.00%	-28.40%	-27.49%
RDWR	RADWARE LTD	$849.41M	-6.80%	-3.40%	-6.88%	-9.50%	0.89	2.64	80.10%	-7.70%	-11.57%
PXDT	PIXIE DUST TECHNOLOGIES INC	$36.24M	-85.70%	-47.00%	-80.92%	-80.10%	0.83	2.18	71.70%	-263.90%	-260.22%
AMST	AMESITE INC	$8.80M	-86.30%	-82.40%	-115.12%	331,666.00%	0.06	14.89	100.00%	-1,591.70%	-1,591.65%
UEIC	UNIVERSAL ELECTRONICS INC	$154.69M	-24.90%	-12.60%	-19.09%	-17.40%	0.90	1.66	24.50%	-11.30%	-8.71%
NXTT	NEXT TECHNOLOGY HOLDING INC	$13.39M	-10.00%	-9.30%	-8.30%	-13.30%	0.08	13.61	54.50%	-160.50%	-160.49%
QTWO	Q2 HOLDINGS INC	$3.68B	-17.50%	-6.60%	-6.57%	-9.40%	1.64	2.38	48.90%	-12.40%	-10.68%
FAAS	DIGIASIA CORP	$523.36M	N/A	-12.90%	-56.63%	-11.40%	0.49	0.92	95.30%	-19.70%	-17.26%
TYGO	TIGO ENERGY INC	$86.32M	-37.00%	-14.40%	-9.58%	-7.50%	1.01	6.24	34.00%	-19.70%	-8.67%
INVE	IDENTIV INC	$97.04M	-10.00%	-6.70%	-9.00%	-11.80%	0.45	2.67	36.60%	-6.50%	-5.94%
VLD	VELO3D INC	$65.16M	-155.50%	-70.00%	-151.22%	-89.80%	2.00	1.62	-53.00%	-210.60%	-188.45%
SGH	SMART GLOBAL HOLDINGS INC	$1.04B	-58.70%	-12.70%	-16.67%	-16.20%	2.73	3.30	31.80%	-18.00%	-18.84%
VUZI	VUZIX CORP	$97.09M	-56.60%	-53.30%	-67.77%	-193.80%	0.05	9.41	-35.80%	-502.50%	-501.05%
AKTS	AKOUSTIS TECHNOLOGIES INC	$39.27M	-123.20%	-62.70%	-88.49%	-74.90%	1.45	1.57	-5.90%	-257.60%	-250.02%

Tech Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Communication Equipment	66	-0.27%	+4.13%	+12.43%	+1.47%	7.76x	2.82x	+40.03%	+8.68%	+15.96%	+13.81%	Buy
Computer Hardware	35	-3.03%	+9.18%	+3.00%	+162.10%	37.78x	14.41x	-26.72%	+10.65%	+17.90%	+8.64%	Buy
Consumer Electronics	19	-0.32%	+2.81%	+7.12%	+2.78%	28.84x	23.23x	+142.76%	+28.02%	+54.16%	+15.89%	Buy
Electronic Components	44	-0.58%	+1.83%	+10.71%	+20.70%	21.82x	3.86x	+20.75%	+9.71%	+15.04%	+4.89%	Buy
Electronics & Computer Distribution	10	-0.21%	+2.96%	+1.01%	+38.97%	15.12x	1.45x	+11.26%	+3.61%	+11.72%	-2.59%	Hold
Information Technology Services	62	+0.25%	+1.73%	+2.55%	+19.59%	27.31x	4.58x	+24.46%	+8.10%	+16.40%	+14.84%	Buy
Scientific & Technical Instruments	32	-0.14%	+1.31%	+8.47%	+11.41%	13.57x	3.30x	+8.40%	+6.46%	+13.71%	+5.10%	Buy
Semiconductor Equipment & Materials	29	-1.47%	+3.02%	+2.16%	+50.70%	37.76x	11.96x	+50.99%	+18.24%	+30.72%	+7.93%	Buy
Semiconductors	67	-0.91%	+4.85%	+7.84%	+49.99%	67.72x	8.48x	+52.05%	+30.05%	+33.77%	+9.05%	Buy
Software - Application	248	-0.51%	+3.97%	+6.26%	+33.55%	32.52x	6.53x	+5.48%	+4.71%	+7.73%	+14.70%	Buy
Software - Infrastructure	147	-0.36%	+2.30%	+2.94%	+16.85%	44.83x	11.91x	+26.08%	+15.03%	+24.31%	+18.85%	Buy
Solar	26	-0.08%	+0.86%	+5.53%	-48.98%	24.65x	2.69x	+11.11%	+6.63%	+10.61%	+30.78%	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 69, which is 40 points higher than the tech sector average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 10.17% over the past year, underperforming other tech stocks by -19 percentage points.

Rambus has an average 1 year price target of $81.67, an upside of 40.95% from Rambus's current stock price of $57.94.

Rambus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 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. Dlocal (NASDAQ:DLO)

Dlocal (NASDAQ:DLO) is the second best tech stock with a Zen Score of 66, which is 37 points higher than the tech sector average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Dlocal has seen its stock lose -33.22% over the past year, underperforming other tech stocks by -63 percentage points.

Dlocal has an average 1 year price target of $18.00, an upside of 84.62% from Dlocal's current stock price of $9.75.

Dlocal stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Dlocal, 37.5% have issued a Strong Buy rating, 0% have issued a Buy, 62.5% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Epam Systems (NYSE:EPAM)

Epam Systems (NYSE:EPAM) is the third best tech stock with a Zen Score of 66, which is 37 points higher than the tech sector average of 29. It passed 21 out of 33 due diligence checks and has strong fundamentals. Epam Systems has seen its stock lose -17.97% over the past year, underperforming other tech stocks by -47 percentage points.

Epam Systems has an average 1 year price target of $281.88, an upside of 49.03% from Epam Systems's current stock price of $189.14.

Epam Systems stock has a consensus Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Epam Systems, 50% have issued a Strong Buy rating, 12.5% have issued a Buy, 37.5% 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 118 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 3.3%. 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 0% 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 150 percentage points higher than the tech sector average of 3.3%.

Wisekey International Holding Sa's dividend payout ratio of -1,098% indicates that its high dividend yield might not be sustainable for the long-term.

3. Mind Cti (NASDAQ:MNDO)

Mind Cti (NASDAQ:MNDO) has an annual dividend yield of 12.8%, which is 10 percentage points higher than the tech sector average of 3.3%. Mind Cti's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Mind Cti's dividend has not shown consistent growth over the last 10 years.

Mind Cti's dividend payout ratio of 92.3% indicates that its high dividend yield might not be sustainable for the long-term.

Why are tech stocks down?

Tech stocks were down -0.65% in the last day, and up 3.48% over the last week. Rekor Systems was the among the top losers in the technology sector, dropping -24.18% yesterday.

Rekor Systems shares are trading lower after the company reported worse-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 79 points higher than the tech sector average of 21. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -12.58% in the past year. It has underperformed other stocks in the tech sector by -42 percentage points.

2. International Money Express (NASDAQ:IMXI)

International Money Express (NASDAQ:IMXI) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. International Money Express has a valuation score of 100, which is 79 points higher than the tech sector average of 21. It passed 7 out of 7 valuation due diligence checks.

International Money Express's stock has dropped -9.56% in the past year. It has underperformed other stocks in the tech sector by -39 percentage points.

3. Skyworks Solutions (NASDAQ:SWKS)

Skyworks Solutions (NASDAQ:SWKS) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Skyworks Solutions has a valuation score of 100, which is 79 points higher than the tech sector average of 21. It passed 7 out of 7 valuation due diligence checks.

Skyworks Solutions's stock has dropped -2.43% in the past year. It has underperformed other stocks in the tech sector by -32 percentage points.

Are tech stocks a good buy now?

41.34% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 12.79% 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 44.66x.

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.