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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
Ticker
Company
Forecast Score
Market Cap
Price
Price Target
Upside/Downside
Top Analysts Upside/Downside
Consensus
Top Analysts Consensus
Analysts
Top Analysts
Fore. Revenue Growth
Fore. Earnings Growth
Forecast ROE
Forecast ROA
FSLR
FIRST SOLAR INC
$17.89B$167.45$222.8633.09%Strong Buy1426.18%33.11%N/AN/A
AEHR
AEHR TEST SYSTEMS
$359.46M$12.46$12.00-3.69%Hold1-7.76%N/AN/AN/A
EXLS
EXLSERVICE HOLDINGS INC
$5.19B$31.28$36.5016.69%Buy411.64%10.45%N/AN/A
LOGI
LOGITECH INTERNATIONAL SA
$13.70B$88.46$97.4010.11%Buy51.83%22.72%38.88%23.27%
GCT
GIGACLOUD TECHNOLOGY INC
$1.07B$26.16$18.00-31.19%Strong Buy171.92%N/AN/AN/A
PRFT
PERFICIENT INC
$1.90B$54.46$70.2028.90%Hold57.14%58.49%N/AN/A
RMBS
RAMBUS INC
$6.81B$63.10$85.0034.71%Strong Buy229.58%N/AN/AN/A
DLO
DLOCAL LTD
$4.27B$14.69$20.0036.15%Strong Buy432.43%119.61%N/AN/A
ACLS
AXCELIS TECHNOLOGIES INC
$3.67B$112.47$165.0046.71%Strong Buy1-0.69%N/AN/AN/A
DV
DOUBLEVERIFY HOLDINGS INC
$5.64B$32.91$41.6226.45%Strong Buy1321.31%31.15%N/AN/A
AGYS
AGILYSYS INC
$2.26B$82.45$100.0021.29%Buy112.46%N/AN/AN/A
EPAM
EPAM SYSTEMS INC
$15.98B$276.37$329.2919.15%Buy148.51%56.02%N/AN/A
OLED
UNIVERSAL DISPLAY CORP
$7.95B$167.75$200.8019.70%Buy512.92%30.61%N/AN/A
QCOM
QUALCOMM INC
$188.75B$169.13$158.08-6.53%Strong Buy126.05%61.71%N/AN/A
HLIT
HARMONIC INC
$1.51B$13.52$16.5022.04%Strong Buy49.59%N/AN/AN/A
CSCO
CISCO SYSTEMS INC
$201.53B$49.77$52.004.48%Hold8-3.73%-1.28%29.77%13.61%
MSFT
MICROSOFT CORP
$3.13T$421.43$457.468.55%Strong Buy2411.58%10.90%57.16%28.94%
ELTK
ELTEK LTD
$66.59M$11.06N/AN/AN/AN/A8.83%N/AN/AN/A
YMM
FULL TRUCK ALLIANCE CO LTD
$7.70B$7.35$6.00-18.37%Hold123.19%N/AN/AN/A
RDVT
RED VIOLET INC
$274.25M$19.64$25.0027.29%Strong Buy1N/AN/AN/AN/A
ANET
ARISTA NETWORKS INC
$90.17B$288.41$309.257.23%Strong Buy1212.74%-49.96%N/AN/A
LYTS
LSI INDUSTRIES INC
$437.22M$15.04N/AN/AN/AN/A6.33%4.79%N/AN/A
ADI
ANALOG DEVICES INC
$95.87B$193.33$206.907.02%Strong Buy100.34%51.84%N/AN/A
ODD
ODDITY TECH LTD
$2.44B$42.98$53.4024.24%Buy520.74%N/AN/AN/A
G
GENPACT LTD
$5.92B$32.76$39.4020.27%Hold54.95%-15.00%N/AN/A
HKD
AMTD DIGITAL INC
$650.91M$3.40N/AN/AN/AN/AN/AN/AN/AN/A
ON
ON SEMICONDUCTOR CORP
$32.31B$75.61$85.8613.55%Buy143.37%19.35%N/AN/A
CSIQ
CANADIAN SOLAR INC
$1.28B$19.40$27.0139.25%Hold715.80%46.06%N/AN/A
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
$36.65B$73.62$76.864.40%Hold143.29%27.00%N/AN/A
UMC
UNITED MICROELECTRONICS CORP
$19.96B$7.98$8.9011.53%Hold1-5.59%N/AN/AN/A
FI
FISERV INC
$94.07B$159.33$159.750.26%Buy165.10%53.06%N/AN/A
RELL
RICHARDSON ELECTRONICS LTD
$131.08M$9.18N/AN/AN/AN/A-4.74%129.58%N/AN/A
TER
TERADYNE INC
$17.07B$111.54$106.82-4.23%Buy1110.07%90.95%N/AN/A
GRMN
GARMIN LTD
$28.38B$147.98$134.00-9.45%Buy69.91%-10.33%N/AN/A
KLIC
KULICKE & SOFFA INDUSTRIES INC
$2.79B$49.59$58.0016.96%Buy22.92%559.34%N/AN/A
KARO
KAROOOOO LTD
$793.12M$25.63$30.0017.07%Strong Buy213.54%52.37%N/AN/A
YALA
YALLA GROUP LTD
$761.56M$4.77N/AN/AN/AN/AN/AN/AN/AN/A
TAIT
TAITRON COMPONENTS INC
$19.63M$3.26N/AN/AN/AN/AN/AN/AN/AN/A
PLAB
PHOTRONICS INC
$1.82B$28.77N/AN/AN/AN/AN/AN/AN/AN/A
DOX
AMDOCS LTD
$10.47B$89.90$108.0020.13%Strong Buy34.18%28.93%N/AN/A
ITRN
ITURAN LOCATION & CONTROL LTD
$567.43M$28.43N/AN/AN/AN/AN/AN/AN/AN/A
ACMR
ACM RESEARCH INC
$1.75B$28.70$32.0011.50%Strong Buy522.26%N/AN/AN/A
MRAM
EVERSPIN TECHNOLOGIES INC
$169.80M$8.00$12.0050.00%Buy1N/AN/AN/AN/A
MPTI
M-TRON INDUSTRIES INC
$88.35M$31.60N/AN/AN/AN/AN/AN/AN/AN/A
PANW
PALO ALTO NETWORKS INC
$91.20B$282.26$327.2115.93%Strong Buy2812.25%N/AN/AN/A
TSEM
TOWER SEMICONDUCTOR LTD
$3.66B$32.99$36.009.12%Buy2-0.60%N/AN/AN/A
JKS
JINKOSOLAR HOLDING CO LTD
$1.30B$24.74$24.62-0.47%Sell615.12%5.96%N/AN/A
ITRI
ITRON INC
$4.17B$91.54$90.13-1.55%Buy85.99%35.85%N/AN/A
CDW
CDW CORP
$34.61B$257.87$256.20-0.65%Buy54.30%29.63%N/AN/A
ARRY
ARRAY TECHNOLOGIES INC
$2.28B$15.10$20.3935.00%Buy136.54%63.47%N/AN/A
SCSC
SCANSOURCE INC
$1.10B$43.73$35.50-18.82%Buy2-1.78%29.46%N/AN/A
IMXI
INTERNATIONAL MONEY EXPRESS INC
$769.77M$22.82$25.6712.48%Strong Buy3N/AN/AN/AN/A
PAGS
PAGSEGURO DIGITAL LTD
$4.73B$14.36$16.4714.67%Strong Buy64.84%45.44%N/AN/A
TASK
TASKUS INC
$1.02B$11.50$13.6718.84%Hold60.08%124.49%N/AN/A
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
$15.95B$64.55$67.003.80%Buy74.73%56.44%N/AN/A
ZI
ZOOMINFO TECHNOLOGIES INC
$6.02B$15.85$21.4235.12%Buy188.93%94.28%N/AN/A
CLRO
CLEARONE INC
$46.48M$1.94N/AN/AN/AN/AN/AN/AN/AN/A
FORM
FORMFACTOR INC
$3.48B$44.85$46.002.56%Buy18.84%42.75%N/AN/A
SIMO
SILICON MOTION TECHNOLOGY CORP
$2.52B$76.30$84.5010.75%Strong Buy4-16.89%N/AN/AN/A
IBEX
IBEX LTD
$263.76M$15.01$19.3328.80%Buy32.41%-32.83%N/AN/A
DAVA
ENDAVA PLC
$2.21B$37.83$59.6357.61%Buy84.21%50.60%N/AN/A
ENPH
ENPHASE ENERGY INC
$16.26B$119.80$137.2914.60%Buy215.99%24.47%N/AN/A
ADSK
AUTODESK INC
$55.83B$260.97$284.298.93%Buy1411.60%32.94%N/AN/A
FFIV
F5 INC
$11.10B$188.84$194.292.88%Hold71.24%21.20%N/AN/A
AMSWA
AMERICAN SOFTWARE INC
$380.37M$11.45$16.0039.74%Strong Buy1-2.29%-5.72%N/AN/A
KEYS
KEYSIGHT TECHNOLOGIES INC
$27.20B$155.84$159.752.51%Buy4-0.62%36.30%N/AN/A
FTNT
FORTINET INC
$51.33B$67.27$69.653.54%Hold2312.03%-25.82%N/AN/A
CRCT
CRICUT INC
$1.01B$4.65$5.099.42%Sell40.02%99.00%N/AN/A
ZM
ZOOM VIDEO COMMUNICATIONS INC
$20.49B$66.62$75.4613.27%Hold132.53%-25.12%N/AN/A
ASGN
ASGN INC
$4.81B$103.49$91.25-11.83%Buy42.82%65.80%N/AN/A
ALGM
ALLEGRO MICROSYSTEMS INC
$5.18B$26.80$37.5039.93%Buy2-0.44%-9.11%N/AN/A
HPE
HEWLETT PACKARD ENTERPRISE CO
$22.97B$17.67$17.14-2.98%Buy73.99%9.36%N/AN/A
ASML
ASML HOLDING NV
$383.20B$974.01$1.01k3.39%Strong Buy414.42%20.89%N/AN/A
PAYS
PAYSIGN INC
$211.87M$4.00$4.7518.75%Strong Buy26.08%N/AN/AN/A
DSWL
DESWELL INDUSTRIES INC
$35.69M$2.24N/AN/AN/AN/AN/AN/AN/AN/A
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
$24.01B$203.84$215.755.84%Buy44.85%14.85%N/AN/A
SWKS
SKYWORKS SOLUTIONS INC
$17.29B$107.89$110.882.77%Buy81.83%67.10%N/AN/A
FTV
FORTIVE CORP
$30.23B$86.02$83.38-3.07%Buy86.18%37.63%N/AN/A
SPSC
SPS COMMERCE INC
$6.80B$183.89$199.508.49%Strong Buy415.15%15.00%N/AN/A
SPNS
SAPIENS INTERNATIONAL CORP N V
$1.75B$31.46$34.008.07%Hold27.35%23.73%N/AN/A
LSCC
LATTICE SEMICONDUCTOR CORP
$10.95B$79.63$79.29-0.43%Strong Buy7-0.92%N/AN/AN/A
TSRI
TSR INC
$16.94M$7.90N/AN/AN/AN/AN/AN/AN/AN/A
SANM
SANMINA CORP
$3.46B$62.12$45.00-27.56%Sell1-6.20%N/AN/AN/A
CIEN
CIENA CORP
$7.30B$50.49$64.1327.01%Strong Buy81.92%76.89%N/AN/A
AVGO
BROADCOM INC
$611.13B$1,318.73$1.56k18.15%Strong Buy2015.40%34.11%N/AN/A
GDYN
GRID DYNAMICS HOLDINGS INC
$929.92M$12.24$16.2532.76%Strong Buy413.94%N/AN/AN/A
PLXS
PLEXUS CORP
$2.58B$93.36$109.6717.47%Buy34.41%29.89%N/AN/A
WNS
WNS (HOLDINGS) LTD
$2.39B$50.00$76.0052.00%Strong Buy35.32%-7.17%N/AN/A
BELFA
BEL FUSE INC
$890.29M$69.79N/AN/AN/AN/AN/AN/AN/AN/A
SMCI
SUPER MICRO COMPUTER INC
$57.24B$1,023.29$948.64-7.30%Buy1130.36%N/AN/AN/A
VSAT
VIASAT INC
$2.27B$18.09$28.7558.93%Buy49.92%N/A7.34%2.25%
NOW
SERVICENOW INC
$155.60B$759.00$813.557.19%Strong Buy2020.59%N/AN/AN/A
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
$581.33M$11.84$14.0018.24%Strong Buy10.92%N/AN/AN/A
IBM
INTERNATIONAL BUSINESS MACHINES CORP
$174.91B$190.80$179.90-5.71%Hold103.94%13.18%44.71%7.45%
CHKP
CHECK POINT SOFTWARE TECHNOLOGIES LTD
$18.71B$164.15$171.144.26%Buy145.19%3.75%N/AN/A
TTD
TRADE DESK INC
$42.64B$87.21$93.817.57%Strong Buy1522.64%42.91%N/AN/A
DDOG
DATADOG INC
$40.99B$123.51$135.299.53%Strong Buy2121.78%85.02%N/AN/A
AUDC
AUDIOCODES LTD
$397.20M$13.02$15.0015.21%Sell26.60%182.84%N/AN/A
JNPR
JUNIPER NETWORKS INC
$12.00B$37.28$35.00-6.12%Hold60.91%44.66%N/AN/A
AMD
ADVANCED MICRO DEVICES INC
$290.18B$179.59$200.6111.70%Strong Buy2316.70%317.31%N/AN/A

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
66+1.87%+2.50%+5.19%-17.22%18.47x2.78x+68.23%+9.28%+17.91%+14.02%Buy
38-0.80%+7.01%+13.84%+174.11%41.76x14.29x-22.45%+10.03%+18.24%-0.23%Strong Buy
18+1.17%-2.28%-0.32%+3.37%24.77x21.22x+149.49%+28.19%+53.00%+21.01%Buy
44+2.19%+2.17%+0.66%+11.97%27.56x3.59x+19.52%+9.15%+13.51%+8.68%Buy
10+2.22%+4.49%+6.81%+26.81%13.84x1.36x+12.34%+3.97%+12.71%+1.96%Hold
65+1.58%-1.52%-2.60%+19.42%25.31x4.85x+25.75%+8.03%+16.40%+6.72%Buy
33+1.99%+1.82%+3.28%+10.63%-6.68x3.32x+8.80%+5.96%+8.82%+3.78%Buy
29+0.73%+1.10%+3.62%+53.59%39.25x12.13x+56.35%+19.32%+32.64%+1.77%Buy
69+0.53%+2.15%+3.45%+38.63%66.49x8.23x+51.82%+29.82%+33.63%+9.67%Strong Buy
248+0.28%+3.09%+7.93%+39.06%102.09x6.94x+7.42%+4.59%+7.47%+3.92%Buy
139-0.14%-1.02%-2.57%+22.54%88.30x12.28x-37.13%+15.18%+24.32%+13.07%Buy
23+8.41%+6.25%+2.12%-49.87%27.79x2.71x+15.01%+8.45%+12.86%+31.82%Buy

Tech Stocks FAQ

What are the best tech stocks to buy right now in Mar 2024?

According to Zen Score, the 3 best technology stocks to buy right now are:

1. First Solar (NASDAQ:FSLR)


First Solar (NASDAQ:FSLR) is the top tech stock with a Zen Score of 70, which is 40 points higher than the tech sector average of 30. It passed 23 out of 33 due diligence checks and has strong fundamentals. First Solar has seen its stock lose -20.32% over the past year, underperforming other tech stocks by -49 percentage points.

First Solar has an average 1 year price target of $222.86, an upside of 33.09% from First Solar's current stock price of $167.45.

First Solar stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 14 analysts covering First Solar, 57.14% have issued a Strong Buy rating, 28.57% have issued a Buy, 14.29% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Aehr Test Systems (NASDAQ:AEHR)


Aehr Test Systems (NASDAQ:AEHR) is the second best tech stock with a Zen Score of 65, which is 35 points higher than the tech sector average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Aehr Test Systems has seen its stock lose -67.02% over the past year, underperforming other tech stocks by -96 percentage points.

Aehr Test Systems has an average 1 year price target of $12.00, a downside of -3.69% from Aehr Test Systems's current stock price of $12.46.

Aehr Test Systems stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Aehr Test Systems, 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 64, which is 34 points higher than the tech sector average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Exlservice Holdings has seen its stock return 0.57% over the past year, underperforming other tech stocks by -29 percentage points.

Exlservice Holdings has an average 1 year price target of $36.50, an upside of 16.69% from Exlservice Holdings's current stock price of $31.28.

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 121 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 315.96%, which is 310 percentage points higher than the tech sector average of 5.95%. 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 high 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 126.7%, which is 121 percentage points higher than the tech sector average of 5.95%.

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 51.55%, which is 46 percentage points higher than the tech sector average of 5.95%. Clearone's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Clearone's dividend has shown consistent growth over the last 10 years.

Clearone's dividend payout ratio of 113.6% indicates that its high dividend yield might not be sustainable for the long-term.

Why are tech stocks up?

Tech stocks were up 0.68% in the last day, and up 1.74% over the last week. Mariadb was the among the top gainers in the technology sector, gaining 94.25% yesterday.

MariaDB shares are trading higher after Progress Software announced that it is possibly considering an offer for the company.

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 75 points higher than the tech sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -12.94% in the past year. It has underperformed other stocks in the tech sector by -42 percentage points.

2. Eltek (NASDAQ:ELTK)


Eltek (NASDAQ:ELTK) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Eltek has a valuation score of 100, which is 75 points higher than the tech sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 177.19% in the past year. It has overperformed other stocks in the tech sector by 148 percentage points.

3. Akamai Technologies (NASDAQ:AKAM)


Akamai Technologies (NASDAQ:AKAM) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Akamai Technologies has a valuation score of 86, which is 61 points higher than the tech sector average of 25. It passed 6 out of 7 valuation due diligence checks.

Akamai Technologies's stock has gained 43.55% in the past year. It has overperformed other stocks in the tech sector by 14 percentage points.

Are tech stocks a good buy now?

40.26% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 7.04% 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 63.75x.
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.