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
LASR	NLIGHT INC	$624.06M	-18.60%	-15.30%	-19.00%	-22.50%	0.24	5.73	19.60%	-23.80%	-25.09%
SVRE	SAVERONE 2014 LTD	$8.35M	-182.30%	-110.20%	-267.65%	-517.40%	1.55	1.64	27.60%	-1,243.90%	-1,199.12%
SGE	STRONG GLOBAL ENTERTAINMENT INC	$10.79M	-28.10%	-7.50%	-11.28%	-9.40%	2.35	1.41	25.00%	-5.40%	-3.40%
WK	WORKIVA INC	$4.67B	N/A	-8.50%	-4.64%	-3.80%	-15.45	2.14	76.00%	-14.20%	-5.21%
VS	VERSUS SYSTEMS INC	$3.51M	-86.80%	-168.30%	-337.23%	-9,366.50%	0.02	18.69	9.00%	-7,648.70%	-7,666.35%
CAN	CANAAN INC	$295.69M	-98.30%	-77.80%	-129.99%	-128.90%	0.42	2.69	-113.90%	-195.80%	-220.12%
MIND	MIND TECHNOLOGY INC	$6.19M	-15.90%	-10.70%	6.94%	8.40%	0.48	2.76	43.70%	-9.60%	4.42%
MYSZ	MY SIZE INC	$3.37M	-106.20%	-55.50%	-134.90%	-370.70%	0.78	1.76	47.00%	-51.20%	-57.85%
CCCS	CCC INTELLIGENT SOLUTIONS HOLDINGS INC	$6.75B	-5.10%	-3.00%	-0.97%	-2.50%	0.69	2.53	73.80%	-10.80%	-3.17%
VYX	NCR VOYIX CORP	$1.94B	-66.90%	-5.70%	-1.25%	-0.70%	-140.21	0.93	24.70%	-17.40%	-1.64%
ZBRA	ZEBRA TECHNOLOGIES CORP	$16.45B	8.60%	3.60%	7.19%	11.50%	1.29	0.99	46.40%	6.00%	9.28%
ASYS	AMTECH SYSTEMS INC	$74.88M	-24.70%	-16.30%	-22.32%	-25.80%	0.44	2.71	28.00%	-19.70%	-18.58%
ELWS	EARLYWORKS CO LTD	$9.08M	-82.50%	-50.30%	-66.10%	-304.40%	0.61	3.33	80.40%	-510.60%	-519.05%
FARO	FARO TECHNOLOGIES INC	$375.86M	-16.10%	-8.60%	-9.82%	-15.40%	0.88	2.35	47.10%	-11.90%	-10.51%
OLB	OLB GROUP INC	$9.23M	-87.90%	-71.30%	-184.35%	-510.70%	0.60	0.25	30.70%	-76.20%	-75.34%
AFRM	AFFIRM HOLDINGS INC	$9.68B	-26.20%	-7.80%	N/A	-5.40%	2.51	N/A	41.10%	-32.20%	-32.17%
MRIN	MARIN SOFTWARE INC	$8.23M	-110.70%	-80.30%	-149.28%	-265.50%	0.43	3.56	41.00%	-108.00%	-109.17%
COHU	COHU INC	$1.40B	-0.20%	-0.20%	1.16%	2.50%	0.17	6.29	47.10%	-0.40%	2.01%
VECO	VEECO INSTRUMENTS INC	$2.27B	-2.60%	-1.40%	-0.31%	-0.40%	0.79	3.06	43.40%	-2.50%	-0.45%
U	UNITY SOFTWARE INC	$8.63B	-26.40%	-11.80%	-14.90%	-31.60%	1.05	2.15	66.60%	-40.10%	-40.61%
QMCO	QUANTUM CORP	$54.17M	N/A	-17.70%	-36.33%	-18.60%	-3.24	1.05	33.10%	-9.40%	-6.03%
LPTH	LIGHTPATH TECHNOLOGIES INC	$53.55M	-19.00%	-12.20%	-14.60%	-15.10%	0.57	2.01	28.00%	-19.70%	-18.69%
GB	GLOBAL BLUE GROUP HOLDING AG	$981.91M	98.10%	1.80%	14.10%	13.30%	15.73	1.00	100.00%	5.30%	24.04%
MODN	MODEL N INC	$1.17B	0.20%	0.10%	3.20%	4.60%	2.93	3.86	57.10%	0.10%	5.34%
UCTT	ULTRA CLEAN HOLDINGS INC	$1.99B	-4.40%	-2.00%	1.89%	2.10%	1.20	2.76	16.10%	-2.10%	1.65%
LINK	INTERLINK ELECTRONICS INC	$47.53M	-10.20%	-8.80%	-10.15%	-32.50%	0.20	4.95	45.20%	-9.70%	-9.32%
ULY	URGENTLY INC	$32.48M	-51.30%	76.30%	-10,305.50%	282.10%	-31.96	0.83	21.60%	31.00%	44.08%
CRNC	CERENCE INC	$204.29M	-43.50%	-23.20%	-23.58%	-48.20%	1.13	2.18	73.80%	-80.90%	-59.56%
SPT	SPROUT SOCIAL INC	$1.68B	-47.60%	-18.50%	-31.59%	-68.60%	1.65	0.97	77.00%	-19.60%	-18.46%
PRCH	PORCH GROUP INC	$278.71M	N/A	-11.40%	-15.38%	-24.60%	-21.09	1.08	46.60%	-23.70%	-14.66%
TTMI	TTM TECHNOLOGIES INC	$1.89B	-0.20%	-0.10%	2.88%	3.50%	1.17	2.10	19.10%	-0.10%	3.35%
WLDS	WEARABLE DEVICES LTD	$6.91M	-100.80%	-83.10%	-141.04%	-301.40%	0.37	3.78	24.40%	-9,529.30%	-9,982.93%
GWRE	GUIDEWIRE SOFTWARE INC	$10.14B	-4.20%	-2.60%	-3.83%	-4.70%	0.60	3.45	55.90%	-5.50%	-7.06%
JFU	9F INC	$36.73M	-3.90%	-3.40%	N/A	-6.90%	0.13	N/A	79.20%	-25.30%	-23.86%
XTKG	X3 HOLDINGS CO LTD	$199.98M	-93.00%	-71.50%	-76.08%	-107.30%	0.24	0.98	20.30%	-651.40%	-651.75%
SSNT	SILVERSUN TECHNOLOGIES INC	$86.43M	-15.00%	-6.00%	-16.35%	201.20%	1.74	1.05	39.30%	-2.20%	-2.60%
DPSI	DECISIONPOINT SYSTEMS INC	$77.27M	4.10%	1.10%	7.63%	23.70%	2.80	0.84	25.20%	0.70%	2.35%
CTM	CASTELLUM INC	$12.94M	-115.00%	-53.70%	-65.42%	-136.40%	1.38	1.19	41.10%	-38.00%	-31.17%
PRTH	PRIORITY TECHNOLOGY HOLDINGS INC	$276.22M	N/A	-2.90%	12.40%	13.80%	-9.37	1.04	37.20%	-5.80%	12.14%
CLRO	CLEARONE INC	$21.67M	-1.10%	-1.00%	0.89%	1.60%	0.13	10.16	34.00%	-3.00%	2.20%
RUN	SUNRUN INC	$2.72B	-25.70%	-7.10%	-3.60%	-2.80%	2.72	1.31	7.60%	-68.20%	-33.12%
SVCO	SILVACO GROUP INC	N/A	N/A	N/A	7.14%	N/A	3.35	0.84	82.80%	-0.60%	2.09%
DZSI	DZS INC	$47.36M	-40.80%	-14.70%	-27.88%	-31.20%	1.82	1.36	31.20%	-13.20%	-11.36%
TTEC	TTEC HOLDINGS INC	$365.71M	-2.10%	-0.60%	4.99%	5.10%	2.52	1.61	20.90%	-0.50%	3.59%
KTCC	KEY TRONIC CORP	$47.03M	0.20%	0.10%	4.12%	2.80%	1.87	2.81	7.50%	0.00%	1.82%
KD	KYNDRYL HOLDINGS INC	$6.29B	-85.90%	-9.40%	-5.71%	-4.20%	8.14	0.94	17.00%	-6.30%	-2.02%
APPS	DIGITAL TURBINE INC	$264.24M	-37.70%	-16.70%	-20.97%	-40.50%	1.48	1.07	44.70%	-34.50%	-30.70%
LYFT	LYFT INC	$6.84B	-39.00%	-4.00%	-9.00%	-10.20%	8.69	0.82	41.20%	-3.90%	-3.16%
OCC	OPTICAL CABLE CORP	$21.68M	-0.70%	-0.40%	3.35%	2.50%	0.73	4.73	28.30%	-0.20%	1.65%
EGHT	8X8 INC	$330.77M	-50.30%	-6.40%	-8.40%	-7.80%	6.54	1.31	69.60%	-7.30%	-6.83%
PWSC	POWERSCHOOL HOLDINGS INC	$3.88B	-3.00%	-1.00%	1.22%	7.00%	1.57	0.24	59.30%	-5.40%	5.43%
BNAI	BRAND ENGAGEMENT NETWORK INC	$42.32M	-9,555.40%	-52.80%	-86.80%	-92.00%	0.79	0.33	100.00%	-24,345.60%	-24,249.62%
APCX	APPTECH PAYMENTS CORP	$23.27M	-717.70%	-344.10%	-462.07%	922.00%	1.02	0.43	72.10%	-3,684.80%	-3,683.27%
DTSS	DATASEA INC	$20.64M	-980.20%	-232.30%	-977.97%	-646.00%	1.75	1.19	1.00%	-49.60%	-49.63%
SNPO	SNAP ONE HOLDINGS CORP	$812.81M	-4.00%	-1.90%	2.19%	3.60%	1.10	2.48	42.60%	-2.80%	2.92%
KOPN	KOPIN CORP	$98.65M	-189.70%	-94.40%	-565.92%	-219.10%	9.38	0.99	32.30%	-125.20%	-124.91%
SPPL	SIMPPLE LTD	N/A	N/A	-14.60%	-29.60%	-15.60%	17.05	1.09	55.30%	-12.10%	-8.26%
MLNK	MERIDIANLINK INC	$1.34B	-8.00%	-4.10%	2.42%	5.10%	1.08	1.51	65.00%	-13.90%	7.13%
NOVT	NOVANTA INC	$5.91B	10.60%	5.50%	8.63%	13.40%	1.07	2.83	45.10%	7.80%	12.16%
COMP	COMPASS INC	$2.15B	-72.30%	-24.30%	-37.74%	-31.20%	2.46	0.81	18.10%	-6.10%	-5.93%
SLNH	SOLUNA HOLDINGS INC	$10.20M	-100.00%	-29.40%	-45.94%	-55.20%	1.94	0.52	40.10%	-89.70%	-87.49%
COHR	COHERENT CORP	$8.89B	-8.00%	-2.90%	-0.66%	-1.10%	1.22	2.71	29.70%	-9.00%	-1.90%
PRO	PROS HOLDINGS INC	$1.46B	N/A	-11.50%	-21.71%	-20.30%	-5.86	1.18	63.20%	-15.70%	-15.28%
CMTL	COMTECH TELECOMMUNICATIONS CORP	$57.23M	-11.20%	-4.80%	-0.15%	-0.30%	1.04	0.99	32.00%	-8.50%	-0.17%
PRST	PRESTO AUTOMATION INC	$13.17M	N/A	-165.70%	138.78%	-1,837.40%	-1.74	0.28	-3.20%	-313.30%	-241.74%
DATS	DATCHAT INC	$3.88M	-96.50%	-93.30%	-119.55%	-108.90%	0.07	14.07	100.00%	-1,100,703.90%	-1,100,703.85%
VCSA	VACASA INC	$104.75M	-195.80%	-39.90%	-352.86%	87.90%	33.52	0.64	53.20%	-33.70%	-33.23%
RBT	RUBICON TECHNOLOGIES INC	$13.74M	N/A	-27.30%	59.85%	-33.20%	-1.36	0.70	7.20%	-8.20%	-2.94%
SOBR	SOBR SAFE INC	$5.40M	-356.70%	-168.20%	-834.24%	-560.40%	3.60	0.55	43.00%	-7,394.90%	-5,912.65%
MICS	SINGING MACHINE CO INC	$7.25M	-109.50%	-36.80%	-90.80%	-82.80%	2.81	1.46	21.20%	-27.70%	-26.58%
VOXX	VOXX INTERNATIONAL CORP	$90.17M	-13.00%	-8.40%	-10.29%	-14.70%	0.64	2.43	24.30%	-8.70%	-7.61%
CYN	CYNGN INC	$17.83M	-216.60%	-185.50%	-286.11%	-311.10%	0.23	3.70	-15.70%	-3,722.10%	-3,725.13%
CORZ	CORE SCIENTIFIC INC	$657.80M	N/A	-4.70%	9.70%	5.20%	-3.56	1.04	30.20%	-6.30%	11.68%
STER	STERLING CHECK CORP	$1.52B	-1.20%	-0.60%	2.45%	5.30%	0.99	1.54	45.80%	-1.20%	4.34%
IFBD	INFOBIRD CO LTD	$126.23k	-171.60%	-46.70%	-122.59%	-161.10%	3.82	1.36	36.20%	-413.50%	-369.00%
WTO	UTIME LTD	$5.44M	-189.60%	-27.70%	-151.10%	-146.50%	8.23	0.93	13.60%	-53.50%	-51.04%
KVYO	KLAVIYO INC	$6.45B	N/A	N/A	N/A	N/A	0.18	6.37	N/A	N/A	N/A
SELX	SEMILUX INTERNATIONAL LTD	$73.66M	N/A	-1.80%	-14.13%	-1.70%	0.74	2.89	-46.30%	-152.30%	-140.28%
SANG	SANGOMA TECHNOLOGIES CORP	$153.30M	-11.60%	-7.20%	-7.85%	-22.80%	0.59	1.04	69.30%	-12.20%	-11.14%
BCAN	BYND CANNASOFT ENTERPRISES INC	$4.71M	-142.30%	-109.20%	-115.04%	-8,629.20%	8.43	10.82	15.30%	-5,011.60%	-5,013.35%
TGL	TREASURE GLOBAL INC	$5.92M	-573.70%	-155.40%	-258.15%	-1,555.70%	0.36	1.12	2.20%	-22.00%	-21.50%
BLIN	BRIDGELINE DIGITAL INC	$11.88M	-77.30%	-52.70%	-84.96%	649.10%	0.55	0.69	67.50%	-65.90%	-65.02%
BCOV	BRIGHTCOVE INC	$95.41M	-10.20%	-4.40%	-6.74%	-23.10%	1.27	0.74	62.10%	-4.70%	-3.80%
WAVD	WAVEDANCER INC	$5.86M	-57.30%	-27.50%	-76.68%	-180.00%	1.20	0.77	34.30%	-17.60%	-17.09%
LPSN	LIVEPERSON INC	$63.89M	-234.30%	-14.20%	-21.91%	-19.80%	36.78	1.20	66.00%	-31.30%	-31.15%
CXAI	CXAPP INC	$48.81M	N/A	N/A	N/A	N/A	0.15	1.15	N/A	N/A	N/A
FEBO	FENBO HOLDINGS LTD	$141.46M	-3.10%	-1.60%	0.63%	1.00%	0.72	2.28	18.60%	-1.20%	0.32%
RNG	RINGCENTRAL INC	$3.37B	N/A	-7.00%	-7.28%	-3.60%	-4.20	1.09	70.10%	-6.20%	-3.58%
NUKK	NUKKLEUS INC	$1.58M	N/A	-4.50%	509.42%	14.80%	-1.00	0.99	N/A	N/A	N/A
INFA	INFORMATICA INC	$8.86B	0.00%	0.00%	2.84%	5.50%	1.25	1.90	79.10%	0.00%	7.35%
MKSI	MKS INSTRUMENTS INC	$8.61B	-72.30%	-19.60%	-17.93%	-20.10%	2.68	3.69	46.60%	-48.30%	-39.84%
SYNX	SILYNXCOM LTD	$13.91M	-186.80%	-47.10%	-117.49%	-136.30%	1.78	1.55	41.50%	-36.90%	-35.56%
RTC	BAIJIAYUN GROUP LTD	$111.68M	-38.90%	-22.40%	-35.68%	-55.40%	0.81	1.66	22.50%	-47.20%	-43.11%
CSLR	COMPLETE SOLARIA INC	$51.55M	N/A	-265.40%	317.19%	-1,200.30%	-1.48	0.27	19.10%	-292.00%	-276.08%
DXC	DXC TECHNOLOGY CO	$3.64B	-14.30%	-3.10%	-4.51%	-4.10%	3.71	1.12	22.60%	-3.40%	-3.23%
KC	KINGSOFT CLOUD HOLDINGS LTD	$907.64M	-35.90%	-14.10%	-24.42%	-130.50%	1.14	0.89	12.10%	-30.90%	-28.55%
FRGT	FREIGHT TECHNOLOGIES INC	$1.60M	-324.00%	-88.40%	-293.25%	-201.90%	3.07	1.25	7.90%	-54.70%	-49.32%
ETWO	E2OPEN PARENT HOLDINGS INC	$1.51B	-58.10%	-30.30%	-37.46%	-100.20%	1.05	1.00	50.10%	-168.60%	-165.46%
MSTR	MICROSTRATEGY INC	$25.54B	-5.50%	-1.90%	-4.97%	-4.50%	1.65	0.78	77.10%	-17.40%	-61.38%
SMTC	SEMTECH CORP	$2.57B	-387.70%	-54.40%	-81.77%	-50.80%	-5.47	2.46	34.10%	-125.70%	-108.86%

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.