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
EXTR	EXTREME NETWORKS INC	$1.56B	-6.40%	-0.60%	4.83%	13.00%	15.71	0.96	59.70%	-0.50%	2.20%
MOGO	MOGO INC	$41.43M	-16.00%	-7.20%	N/A	-2.60%	1.28	N/A	68.90%	-21.70%	-7.61%
RYDE	RYDE GROUP LTD	$149.08M	N/A	-269.50%	169.69%	863.30%	-1.72	0.36	21.40%	-148.00%	-144.69%
EMKR	EMCORE CORP	$8.76M	-79.90%	-45.90%	-66.26%	-57.50%	0.80	3.27	28.90%	-73.10%	-72.73%
EVBG	EVERBRIDGE INC	$1.45B	-17.80%	-5.10%	-6.85%	-15.90%	2.43	0.72	70.80%	-11.70%	-9.28%
MSAI	MULTISENSOR AI HOLDINGS INC	$35.76M	N/A	-162.40%	-791.93%	-200.10%	9.37	0.85	30.00%	-346.50%	-345.45%
LKCO	LUOKUNG TECHNOLOGY CORP	$10.07M	-39.20%	-19.40%	-40.61%	111.30%	0.99	0.14	27.70%	-118.70%	-120.42%
SQNS	SEQUANS COMMUNICATIONS	$30.78M	-1,315.70%	-39.70%	-2,044.60%	-88.80%	-18.98	0.34	71.80%	-121.90%	-80.04%
CLVT	CLARIVATE PLC	$4.13B	-17.30%	-8.40%	-7.00%	-16.80%	1.12	0.86	65.90%	-42.20%	-29.08%
BAND	BANDWIDTH INC	$600.11M	-10.00%	-2.80%	-2.91%	-3.10%	2.64	2.37	38.80%	-4.60%	-4.48%
LYT	LYTUS TECHNOLOGIES HOLDINGS PTV LTD	$2.13M	-11.90%	-3.10%	5.94%	4.10%	2.41	0.46	4.30%	-8.40%	3.08%
WRAP	WRAP TECHNOLOGIES INC	$69.42M	-68.40%	-51.70%	-73.63%	-125.20%	0.54	2.39	53.60%	-170.30%	-168.18%
UAVS	AGEAGLE AERIAL SYSTEMS INC	$8.20M	-187.10%	-120.80%	-333.08%	-306.10%	1.57	0.83	40.10%	-325.10%	-292.44%
CISO	CISO GLOBAL INC	$10.40M	-260.20%	-125.90%	-304.04%	-947.80%	2.20	0.42	10.60%	-140.60%	-136.32%
BTCM	BIT MINING LTD	$26.67M	-64.00%	-35.50%	-103.76%	-64.30%	1.89	0.75	7.10%	-66.60%	-66.61%
EGIO	EDGIO INC	$59.54M	-78.90%	-31.10%	-48.89%	-70.50%	1.95	0.85	28.90%	-40.40%	-38.76%
SATS	ECHOSTAR CORP	$4.65B	-15.70%	-5.90%	-4.06%	-9.90%	1.81	0.45	28.70%	-8.90%	-9.58%
CAMP	CALAMP CORP	$6.00M	N/A	-29.00%	-51.80%	-27.00%	-4.79	1.70	35.80%	-38.30%	-35.52%
SYNA	SYNAPTICS INC	$3.67B	-8.70%	-4.10%	-3.49%	-6.00%	1.06	5.32	45.50%	-11.30%	-8.66%
XRX	XEROX HOLDINGS CORP	$1.74B	-7.30%	-2.00%	-3.50%	-3.60%	3.09	1.37	32.50%	-3.00%	-3.94%
KSCP	KNIGHTSCOPE INC	$42.26M	N/A	-112.20%	-155.23%	-642.10%	-0.62	1.53	-26.80%	-224.30%	-223.40%
XTIA	XTI AEROSPACE INC	$16.37M	-563.70%	-164.40%	-599.61%	-1,156.40%	2.69	1.21	68.00%	-1,007.20%	-902.96%
DBD	DIEBOLD NIXDORF INC	$1.63B	N/A	N/A	N/A	N/A	2.88	1.39	N/A	N/A	N/A
MRDB	MARIADB PLC	$34.64M	N/A	-121.40%	83.18%	207.60%	-1.41	0.28	77.00%	-73.30%	-64.21%
MRVL	MARVELL TECHNOLOGY INC	$63.29B	-6.10%	-4.30%	-2.92%	-8.20%	0.43	1.69	41.60%	-16.90%	-10.31%
SGN	SIGNING DAY SPORTS INC	$4.46M	N/A	-235.90%	-1,796.25%	-136.90%	16.19	0.78	80.90%	-1,440.50%	-1,298.22%
LPL	LG DISPLAY CO LTD	$4.06B	-30.30%	-6.30%	-7.07%	-4.50%	3.35	0.74	4.30%	-10.40%	-7.10%
OST	OSTIN TECHNOLOGY GROUP CO LTD	$5.87M	-55.70%	-19.30%	-58.99%	-25.90%	3.04	0.60	3.60%	-19.00%	-16.42%
FCUV	FOCUS UNIVERSAL INC	$18.78M	-120.00%	-85.90%	-199.96%	-109.70%	1.10	0.28	3.70%	-475.20%	-466.79%
ZEPP	ZEPP HEALTH CORP	$51.78M	-8.40%	-4.40%	-5.28%	-4.60%	0.81	2.04	26.40%	-8.50%	-7.22%
SATX	SATIXFY COMMUNICATIONS LTD	$50.95M	N/A	-77.40%	-372.92%	-33.70%	-1.93	0.95	49.40%	-253.20%	-148.78%
NTRP	NEXTTRIP INC	$2.03M	-182.40%	-149.90%	-297.12%	-786.80%	0.44	1.65	40.10%	-1,133.00%	-1,121.76%
RPD	RAPID7 INC	$2.44B	N/A	-8.40%	-5.04%	-4.50%	-18.22	1.19	70.40%	-15.10%	-6.08%
AILE	ILEARNINGENGINES INC	$913.33M	N/A	-37.00%	-25.90%	-20.40%	-3.37	1.90	68.70%	-5.30%	-3.20%
EZFL	EZFILL HOLDINGS INC	$12.22M	N/A	-159.20%	280.14%	-128.30%	-2.77	0.26	6.80%	-40.80%	-31.24%
MRT	MARTI TECHNOLOGIES INC	$100.38M	N/A	-35.70%	-119.08%	-25.20%	-2.23	1.47	-20.20%	-168.80%	-135.01%
TURB	TURBO ENERGY SA	$13.00M	-43.90%	-13.20%	-50.43%	-27.50%	1.90	1.34	8.30%	-15.30%	-20.73%
ARBB	ARB IOT GROUP LTD	$22.34M	-30.10%	-13.90%	-41.63%	-2,719.70%	1.66	0.45	11.80%	-10.20%	-18.03%
ALAB	ASTERA LABS INC	$11.37B	N/A	N/A	N/A	N/A	0.07	18.74	N/A	N/A	N/A
POET	POET TECHNOLOGIES INC	$109.38M	-269.60%	-195.00%	-286.32%	-558.90%	0.65	2.27	100.00%	-7,052.70%	-7,025.64%
IDAI	T STAMP INC	$7.18M	-248.20%	-102.70%	-272.28%	3,218.90%	2.94	0.87	78.80%	-166.20%	-164.71%
DHX	DHI GROUP INC	$119.88M	1.50%	0.70%	5.07%	18.80%	1.18	0.52	86.80%	1.00%	5.40%
ALIT	ALIGHT INC	$4.48B	-8.70%	-3.60%	-3.39%	-7.00%	1.37	1.57	33.90%	-12.50%	-9.08%
RBRK	RUBRIK INC	N/A	N/A	N/A	-136.74%	N/A	-1.11	0.84	76.90%	-56.40%	-47.33%
PEGY	PINEAPPLE ENERGY INC	$14.20M	-114.00%	-26.00%	-3.83%	-8.30%	-5.89	0.63	34.60%	-22.20%	-1.82%
XELA	EXELA TECHNOLOGIES INC	$16.49M	N/A	-17.80%	9.38%	2.20%	-1.68	0.41	22.00%	-10.80%	2.03%
ST	SENSATA TECHNOLOGIES HOLDING PLC	$6.43B	-0.50%	-0.20%	2.74%	3.40%	1.56	2.64	30.80%	-0.40%	4.60%
NA	NANO LABS LTD	$38.84M	-337.80%	-70.50%	-235.55%	-217.80%	-24.88	0.52	-132.10%	-322.70%	-323.94%
GREE	GREENIDGE GENERATION HOLDINGS INC	$24.33M	N/A	-30.70%	-26.50%	-11.80%	-2.59	1.52	28.10%	-33.90%	-19.31%
JTAI	JETAI INC	$8.64M	N/A	-268.30%	7,400.69%	-13,481.30%	-3.01	0.55	-1.60%	-93.10%	-91.21%
AISP	AIRSHIP AI HOLDINGS INC	$123.90M	N/A	-175.30%	190.67%	-517.10%	-1.10	0.26	36.70%	-73.30%	-72.87%
NVNI	NVNI GROUP LTD	N/A	N/A	N/A	-293.41%	N/A	13.00	0.13	57.60%	-339.50%	-382.16%
ENV	ENVESTNET INC	$3.65B	-29.80%	-10.00%	-11.16%	-15.60%	2.18	1.19	61.40%	-15.30%	-14.10%
ISDR	ISSUER DIRECT CORP	$38.90M	2.20%	1.20%	4.95%	15.80%	0.83	0.84	75.30%	2.40%	7.98%
UPLD	UPLAND SOFTWARE INC	$78.64M	-122.00%	-16.30%	-18.90%	-25.60%	30.61	2.34	68.50%	-48.50%	-40.95%
LEDS	SEMILEDS CORP	$11.12M	-162.30%	-21.00%	-46.55%	-28.10%	2.93	0.97	11.30%	-49.30%	-44.21%
STX	SEAGATE TECHNOLOGY HOLDINGS PLC	$20.63B	N/A	-3.70%	3.87%	1.90%	-4.76	0.85	19.80%	-4.30%	2.49%
AUUD	AUDDIA INC	$4.05M	-388.80%	-145.30%	-380.14%	1,529.70%	2.20	0.66	N/A	N/A	N/A
MINM	MINIM INC	$10.74M	-214.30%	-81.40%	-14,842.82%	-161.10%	105.63	0.93	1.80%	-67.50%	-65.91%
KNW	KNOW LABS INC	$59.86M	-2,105.90%	-365.40%	11,715.57%	2,629.60%	-3.82	0.93	N/A	N/A	N/A
TCX	TUCOWS INC	$206.64M	-551.90%	-12.80%	-10.70%	-7.60%	-49.94	1.03	20.50%	-29.90%	-17.67%
UIS	UNISYS CORP	$355.14M	N/A	-20.60%	-22.86%	-26.40%	-12.83	1.56	26.60%	-20.40%	-14.96%
LDTC	LEDDARTECH HOLDINGS INC	$65.60M	-33,561.90%	-130.80%	-136.21%	-186.60%	-13.39	1.11	31.00%	-1,190.30%	-1,200.36%
ZPTA	ZAPATA COMPUTING HOLDINGS INC	$29.74M	N/A	-60.00%	387.75%	-64.20%	-1.47	0.41	18.40%	-758.20%	-746.45%
NATL	NCR ATLEOS CORP	$2.04B	-9.50%	-2.80%	5.27%	5.30%	19.40	1.05	22.00%	-4.20%	4.82%
KSPI	JOINT STOCK CO KASPIKZ	$22.61B	N/A	N/A	N/A	N/A	4.17	N/A	N/A	N/A	N/A
BTDR	BITDEER TECHNOLOGIES GROUP	$672.98M	N/A	N/A	N/A	N/A	0.77	N/A	N/A	N/A	N/A
ASNS	ACTELIS NETWORKS INC	$1.71M	-3,729.20%	-54.90%	-343.42%	-75.80%	-7.21	0.70	31.90%	-142.20%	-124.53%
RDZN	ROADZEN INC	$219.01M	N/A	N/A	N/A	N/A	-109.08	0.80	N/A	N/A	N/A
RXT	RACKSPACE TECHNOLOGY INC	$481.28M	N/A	-20.90%	-24.20%	-15.40%	-5.47	1.05	20.50%	-30.00%	-23.13%
COMM	COMMSCOPE HOLDING COMPANY INC	$250.49M	N/A	-19.10%	-11.76%	-7.60%	-3.24	2.30	37.50%	-37.90%	-18.04%
WISA	WISA TECHNOLOGIES INC	$5.57M	-1,072.80%	-314.90%	-1,499.58%	-569.50%	-1.89	1.12	-166.00%	-1,204.10%	-853.82%
BNZI	BANZAI INTERNATIONAL INC	$6.84M	N/A	-104.40%	37.87%	383.00%	-1.14	0.06	67.60%	-320.90%	-206.59%
XBP	XBP EUROPE HOLDINGS INC	$95.63M	N/A	-12.70%	-20.63%	-20.20%	-7.98	0.59	22.90%	-8.70%	-3.10%
SMXT	SOLARMAX TECHNOLOGY INC	$561.84M	N/A	-34.50%	-97.69%	-45.80%	-94.45	0.75	17.60%	-41.60%	-38.01%
GCTS	GCT SEMICONDUCTOR HOLDING INC	$244.59M	N/A	-67.80%	42.05%	-109.80%	-1.57	0.45	45.00%	-122.40%	-80.15%
CAUD	COLLECTIVE AUDIENCE INC	$6.45M	N/A	-25.80%	-47.11%	-25.50%	2.92	0.35	100.00%	-22.50%	-21.91%
GETR	GETAROUND INC	$19.65M	N/A	N/A	-140.17%	N/A	-7.03	0.43	90.60%	-155.90%	-156.88%
AWIN	AERWINS TECHNOLOGIES INC	$4.74M	N/A	-470.10%	214.95%	4,444.90%	-1.06	0.08	N/A	N/A	N/A
HUBC	HUB CYBER SECURITY LTD	$7.10M	N/A	-113.10%	847.81%	-146.30%	-2.17	0.34	1.90%	-177.70%	-167.04%
ASTI	ASCENT SOLAR TECHNOLOGIES INC	$5.29M	N/A	-369.60%	1,969.75%	-227.10%	-2.95	0.16	-324.00%	-9,276.10%	-3,619.08%
VVPR	VIVOPOWER INTERNATIONAL PLC	$8.28M	-355.90%	-32.70%	-34.37%	-48.20%	-16.20	0.37	15.60%	-171.30%	-106.62%
OPTX	SYNTEC OPTICS HOLDINGS INC	$19.40M	-18.50%	0.90%	4.03%	3.90%	-1.48	0.32	N/A	N/A	N/A
INTZ	INTRUSION INC	$8.63M	N/A	-203.40%	-3,347.60%	-374.90%	-5.90	0.14	78.50%	-200.10%	-192.86%
MOBX	MOBIX LABS INC	$73.68M	-5,499.30%	-203.80%	-309.88%	22,579.60%	6.10	0.25	-9.30%	-1,485.90%	-1,339.25%

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.

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