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
KC	KINGSOFT CLOUD HOLDINGS LTD	$795.46M	-35.90%	-14.10%	-24.42%	-130.50%	1.14	0.89	12.10%	-30.90%	-28.55%
DXC	DXC TECHNOLOGY CO	$3.47B	-14.30%	-3.10%	-4.51%	-4.10%	3.71	1.12	22.60%	-3.40%	-3.23%
ETWO	E2OPEN PARENT HOLDINGS INC	$1.49B	-58.10%	-30.30%	-37.46%	-100.20%	1.05	1.00	50.10%	-168.60%	-165.46%
NUKK	NUKKLEUS INC	$1.54M	N/A	-4.50%	509.42%	14.80%	-1.00	0.99	N/A	N/A	N/A
SMTC	SEMTECH CORP	$2.43B	-387.70%	-54.40%	-81.77%	-50.80%	-5.47	2.46	34.10%	-125.70%	-108.86%
MRVL	MARVELL TECHNOLOGY INC	$55.27B	-6.10%	-4.30%	-2.92%	-8.20%	0.43	1.69	41.60%	-16.90%	-10.31%
RYDE	RYDE GROUP LTD	$73.59M	N/A	-269.50%	169.69%	863.30%	-1.72	0.36	21.40%	-148.00%	-144.69%
VNT	VONTIER CORP	$6.25B	50.50%	8.90%	17.29%	18.00%	3.82	1.40	46.20%	12.20%	18.65%
RTC	BAIJIAYUN GROUP LTD	$140.56M	-38.90%	-22.40%	-35.68%	-55.40%	0.81	1.66	22.50%	-47.20%	-43.11%
MLNK	MERIDIANLINK INC	$1.29B	-7.70%	-4.10%	2.08%	4.50%	0.96	2.23	64.30%	-14.00%	6.44%
INFA	INFORMATICA INC	$9.10B	-6.10%	-2.60%	1.79%	3.50%	1.35	1.66	78.80%	-7.90%	4.65%
UAVS	AGEAGLE AERIAL SYSTEMS INC	$7.19M	-133.10%	-96.90%	-293.63%	-285.00%	1.35	0.96	39.80%	-308.70%	-301.81%
CISO	CISO GLOBAL INC	$13.82M	-260.20%	-125.90%	-304.04%	-947.80%	2.20	0.42	10.60%	-140.60%	-136.32%
CLVT	CLARIVATE PLC	$4.62B	-14.90%	-7.30%	-6.47%	-15.60%	1.12	0.91	65.50%	-37.50%	-27.34%
LYT	LYTUS TECHNOLOGIES HOLDINGS PTV LTD	$2.43M	-11.90%	-3.10%	5.94%	4.10%	2.41	0.46	4.30%	-8.40%	3.08%
POET	POET TECHNOLOGIES INC	$114.29M	-207.60%	-160.40%	-323.63%	-594.40%	0.78	1.25	100.00%	-4,351.30%	-4,336.23%
GBTG	GLOBAL BUSINESS TRAVEL GROUP INC	$2.86B	-9.00%	-1.60%	2.36%	3.10%	2.10	1.64	58.20%	-2.80%	3.01%
SQNS	SEQUANS COMMUNICATIONS	$30.29M	-1,317.40%	-39.70%	-1,034.45%	-89.40%	-19.33	0.35	71.80%	-122.10%	-80.56%
WRAP	WRAP TECHNOLOGIES INC	$66.76M	-68.40%	-51.70%	-73.63%	-125.20%	0.54	2.39	53.60%	-170.30%	-168.18%
NOTE	FISCALNOTE HOLDINGS INC	$175.55M	-127.90%	-28.20%	-27.97%	-37.40%	7.53	0.76	56.20%	-87.00%	-64.31%
SATX	SATIXFY COMMUNICATIONS LTD	$47.87M	N/A	-77.40%	-372.92%	-33.70%	-1.93	0.95	49.40%	-253.20%	-148.78%
NATL	NCR ATLEOS CORP	$1.48B	-5.10%	-2.10%	4.88%	5.70%	19.20	1.09	22.30%	-3.20%	4.65%
ZEPP	ZEPP HEALTH CORP	$51.18M	-8.40%	-4.40%	-5.28%	-4.60%	0.81	2.04	26.40%	-8.50%	-7.22%
PHUN	PHUNWARE INC	$50.81M	-604.90%	-174.80%	521.97%	1,826.80%	-1.59	0.30	34.90%	-1,092.40%	-1,055.94%
KNW	KNOW LABS INC	$52.06M	-886.20%	-324.00%	-1,198.97%	1,836.30%	3.09	1.27	N/A	N/A	N/A
WAVD	WAVEDANCER INC	$5.25M	-80.20%	-34.90%	-81.51%	-171.00%	0.99	0.99	32.80%	-25.50%	-24.73%
FRGT	FREIGHT TECHNOLOGIES INC	$427.23k	-294.70%	-71.40%	-159.94%	-141.10%	2.37	1.54	11.20%	-41.40%	-35.41%
NTRP	NEXTTRIP INC	$1.92M	-182.40%	-149.90%	-297.12%	-786.80%	0.44	1.65	40.10%	-1,133.00%	-1,121.76%
ARBB	ARB IOT GROUP LTD	$27.76M	-30.10%	-13.90%	-41.63%	-2,719.70%	1.66	0.45	11.80%	-10.20%	-18.03%
GETR	GETAROUND INC	$21.90M	-313.80%	-62.20%	-187.56%	-309.10%	50.66	0.27	90.60%	-156.80%	-158.53%
TURB	TURBO ENERGY SA	$13.33M	-43.90%	-13.20%	-50.43%	-27.50%	1.90	1.34	8.30%	-15.30%	-20.73%
CAMP	CALAMP CORP	$5.45M	N/A	-29.00%	-51.80%	-27.00%	-4.79	1.70	35.80%	-38.30%	-35.52%
OMQS	OMNIQ CORP	$3.94M	N/A	-54.40%	80.59%	108.90%	-2.13	0.38	19.30%	-36.30%	-32.97%
XTIA	XTI AEROSPACE INC	$21.82M	-563.70%	-164.40%	-599.61%	-1,156.40%	2.69	1.21	68.00%	-1,007.20%	-902.96%
UMAC	UNUSUAL MACHINES INC	$10.99M	-89.10%	-83.70%	-126.82%	-508.90%	0.08	13.35	N/A	N/A	N/A
OST	OSTIN TECHNOLOGY GROUP CO LTD	$6.02M	-55.70%	-19.30%	-58.99%	-25.90%	3.04	0.60	3.60%	-19.00%	-16.42%
MRDB	MARIADB PLC	$35.23M	N/A	-116.60%	117.88%	361.80%	-1.57	0.38	76.10%	-88.90%	-81.71%
DBD	DIEBOLD NIXDORF INC	$1.17B	N/A	N/A	N/A	N/A	2.90	1.52	N/A	N/A	N/A
FCUV	FOCUS UNIVERSAL INC	$19.50M	-90.00%	-74.20%	-127.29%	-101.90%	0.50	0.62	8.90%	-448.40%	-444.77%
EZFL	EZFILL HOLDINGS INC	$11.03M	-1,135.00%	-154.60%	690.47%	-131.10%	-4.00	0.25	5.90%	-45.10%	-37.70%
RMCO	ROYALTY MANAGEMENT HOLDING CORP	$12.62M	-102.70%	-21.80%	-11.02%	-13.70%	0.42	0.20	67.20%	-571.60%	-373.90%
XRX	XEROX HOLDINGS CORP	$1.62B	-7.30%	-2.00%	-3.50%	-3.60%	3.09	1.37	32.50%	-3.00%	-3.94%
MRT	MARTI TECHNOLOGIES INC	$89.55M	N/A	-35.70%	-119.08%	-25.20%	-2.23	1.47	-20.20%	-168.80%	-135.01%
MODN	MODEL N INC	$1.16B	-29.10%	-6.40%	-4.88%	-6.70%	3.14	4.00	56.70%	-12.50%	-7.97%
MOGO	MOGO INC	$45.11M	-18.90%	-8.70%	N/A	-4.50%	1.22	N/A	71.50%	-27.40%	-13.35%
RBRK	RUBRIK INC	N/A	N/A	N/A	-136.74%	N/A	-1.11	0.84	76.90%	-56.40%	-47.33%
ALIT	ALIGHT INC	$5.06B	-7.70%	-3.20%	-2.54%	-5.60%	1.35	1.27	33.40%	-10.10%	-6.39%
UPLD	UPLAND SOFTWARE INC	$59.15M	-121.40%	-20.10%	-22.14%	-34.10%	4.96	2.30	67.60%	-62.20%	-54.95%
ISDR	ISSUER DIRECT CORP	$45.67M	2.20%	1.20%	4.62%	14.30%	0.84	0.91	76.20%	2.30%	7.27%
SLNH	SOLUNA HOLDINGS INC	$6.88M	-93.10%	-31.90%	-43.61%	-57.20%	1.43	0.51	24.90%	-138.60%	-130.64%
BNZI	BANZAI INTERNATIONAL INC	$7.89M	N/A	-48.60%	27.83%	-67.00%	-1.17	0.08	68.30%	-315.80%	-194.06%
ST	SENSATA TECHNOLOGIES HOLDING PLC	$5.88B	-0.50%	-0.20%	2.74%	3.40%	1.56	2.64	30.80%	-0.40%	4.60%
VYX	NCR VOYIX CORP	$1.75B	-39.50%	-4.30%	2.05%	0.90%	187.56	0.91	25.10%	-11.50%	1.96%
LPL	LG DISPLAY CO LTD	$2.97B	-34.80%	-7.40%	-8.51%	-5.30%	3.73	0.68	1.60%	-12.80%	-8.73%
COMM	COMMSCOPE HOLDING COMPANY INC	$184.25M	N/A	-14.40%	-8.06%	-5.30%	-3.77	2.03	37.10%	-26.10%	-11.08%
NA	NANO LABS LTD	$46.35M	-337.80%	-70.50%	-235.55%	-217.80%	-24.88	0.52	-132.10%	-322.70%	-323.94%
XELA	EXELA TECHNOLOGIES INC	$13.27M	N/A	-20.00%	9.68%	2.40%	-1.75	0.46	21.70%	-12.60%	2.20%
NVNI	NVNI GROUP LTD	N/A	N/A	N/A	-293.41%	N/A	13.00	0.13	57.60%	-339.50%	-382.16%
STX	SEAGATE TECHNOLOGY HOLDINGS PLC	$18.02B	N/A	-3.70%	3.87%	1.90%	-4.76	0.85	19.80%	-4.30%	2.49%
LEDS	SEMILEDS CORP	$11.19M	-162.30%	-21.00%	-46.55%	-28.10%	2.93	0.97	11.30%	-49.30%	-44.21%
MINM	MINIM INC	$11.42M	-214.30%	-81.40%	-14,842.82%	-161.10%	105.63	0.93	1.80%	-67.50%	-65.91%
JFU	9F INC	$36.26M	-15.80%	-13.20%	N/A	-27.20%	0.15	N/A	90.50%	-81.30%	-78.14%
AUUD	AUDDIA INC	$3.60M	-380.40%	-154.60%	-1,778.31%	2,208.10%	9.47	0.21	N/A	N/A	N/A
ASTS	AST SPACEMOBILE INC	$578.66M	-71.20%	-22.30%	-28.14%	-35.00%	1.49	2.31	N/A	N/A	N/A
TCX	TUCOWS INC	$197.26M	-225.40%	-12.30%	-10.27%	-8.20%	79.85	1.21	19.60%	-28.30%	-18.06%
CORZ	CORE SCIENTIFIC INC	$532.79M	N/A	-33.70%	-71.32%	-12.00%	-2.19	0.20	24.60%	-49.10%	-31.76%
ROMA	ROMA GREEN FINANCE LTD	$7.07M	N/A	N/A	N/A	N/A	-2.69	0.62	N/A	N/A	N/A
ENV	ENVESTNET INC	$3.40B	-34.60%	-11.90%	-12.67%	-17.60%	2.29	0.90	62.00%	-19.20%	-16.12%
WISA	WISA TECHNOLOGIES INC	$8.67M	-1,072.80%	-314.90%	-1,499.58%	-569.50%	-1.89	1.12	-166.00%	-1,204.10%	-853.82%
LDTC	LEDDARTECH HOLDINGS INC	$64.73M	-4,826.30%	-139.90%	-102.89%	-210.40%	13.16	1.83	38.70%	-1,251.50%	-1,341.67%
MOBX	MOBIX LABS INC	$85.68M	N/A	N/A	N/A	N/A	8.50	0.74	N/A	N/A	N/A
CAUD	COLLECTIVE AUDIENCE INC	$8.58M	N/A	-25.80%	-47.11%	-25.50%	2.92	0.35	100.00%	-22.50%	-21.91%
MFI	MF INTERNATIONAL LTD	N/A	N/A	N/A	N/A	N/A	2.09	0.99	N/A	N/A	N/A
ASNS	ACTELIS NETWORKS INC	$2.39M	-667.50%	-52.40%	-128.04%	-61.60%	47.31	0.86	33.90%	-112.10%	-98.47%
HUBC	HUB CYBER SECURITY LTD	$9.32M	N/A	-113.10%	847.81%	-146.30%	-2.17	0.34	1.90%	-177.70%	-167.04%
INTZ	INTRUSION INC	$3.33M	N/A	-266.40%	149.79%	-477.70%	-1.65	0.08	77.60%	-247.60%	-213.92%
ZPTA	ZAPATA COMPUTING HOLDINGS INC	$38.75M	N/A	-20.50%	2,240.87%	-20.50%	-0.24	0.60	19.40%	-523.20%	-522.86%
AWIN	AERWINS TECHNOLOGIES INC	$3.09M	N/A	-470.10%	214.95%	4,444.90%	-1.06	0.08	N/A	N/A	N/A
AILE	ILEARNINGENGINES INC	$59.89M	N/A	-12.60%	-15.22%	-12.50%	-1.01	0.02	N/A	N/A	N/A
RXT	RACKSPACE TECHNOLOGY INC	$380.18M	N/A	-18.80%	-19.19%	-14.00%	-27.51	0.92	21.30%	-28.30%	-21.40%
GCTS	GCT SEMICONDUCTOR HOLDING INC	$63.33M	N/A	-1.60%	-1.72%	-0.50%	-1.02	0.04	N/A	N/A	N/A
OPTX	SYNTEC OPTICS HOLDINGS INC	$22.56M	-18.50%	0.90%	4.03%	3.90%	-1.48	0.32	N/A	N/A	N/A
KSPI	JOINT STOCK CO KASPIKZ	$21.94B	N/A	N/A	N/A	N/A	4.17	N/A	N/A	N/A	N/A
ASTI	ASCENT SOLAR TECHNOLOGIES INC	$379.38k	N/A	-321.00%	-2,770.59%	-178.40%	-5.13	0.27	-312.90%	-7,648.60%	-3,250.51%
VVPR	VIVOPOWER INTERNATIONAL PLC	$8.92M	-355.90%	-32.70%	-34.37%	-48.20%	-16.20	0.37	15.60%	-171.30%	-106.62%

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.

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