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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
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
BASE
COUCHBASE INC
$1.25B$25.47$32.7028.39%Buy1015.61%N/AN/AN/A
GRAB
GRAB HOLDINGS LTD
$13.77B$3.50$4.1318.09%Strong Buy316.84%N/AN/AN/A
PATH
UIPATH INC
$11.07B$19.46$27.4441.00%Buy1615.12%N/AN/AN/A
SEMR
SEMRUSH HOLDINGS INC
$1.74B$12.02$13.5712.90%Buy719.05%N/AN/AN/A
FEBO
FENBO HOLDINGS LTD
N/A$10.98N/AN/AN/AN/AN/AN/AN/AN/A
DQ
DAQO NEW ENERGY CORP
$1.86B$23.74$25.005.31%Sell113.74%N/AN/AN/A
VRNS
VARONIS SYSTEMS INC
$4.95B$45.33$51.4213.43%Buy1210.94%N/AN/AN/A
AVDX
AVIDXCHANGE HOLDINGS INC
$2.44B$11.96$13.3011.20%Buy1017.25%N/AN/AN/A
MTTR
MATTERPORT INC
$1.47B$4.72$4.70-0.42%Hold512.30%N/AN/AN/A
NSIT
INSIGHT ENTERPRISES INC
$5.96B$182.75$198.678.71%Hold37.32%4.34%N/AN/A
FORTY
FORMULA SYSTEMS (1985) LTD
$1.14B$74.80N/AN/AN/AN/AN/AN/AN/AN/A
OLO
OLO INC
$809.48M$5.00$8.1763.34%Strong Buy318.19%N/AN/AN/A
HEAR
TURTLE BEACH CORP
$248.94M$14.14$22.2557.36%Strong Buy427.52%N/AN/AN/A
III
INFORMATION SERVICES GROUP INC
$166.76M$3.45$5.0044.93%Buy15.11%N/AN/AN/A
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
$571.51M$11.64$14.0020.27%Strong Buy10.92%N/AN/AN/A
PWFL
POWERFLEET INC
$168.57M$4.53$8.0076.60%Strong Buy57.15%N/AN/AN/A
IMOS
CHIPMOS TECHNOLOGIES INC
$1.03B$28.43N/AN/AN/AN/AN/AN/AN/AN/A
AI
C3AI INC
$2.79B$22.83$30.4033.16%Hold513.28%N/AN/AN/A
FSLY
FASTLY INC
$1.74B$12.95$17.4034.36%Buy514.73%N/AN/AN/A
TEAM
ATLASSIAN CORP
$46.71B$179.45$232.3129.46%Buy1313.79%N/AN/AN/A
DELL
DELL TECHNOLOGIES INC
$89.27B$125.06$116.27-7.03%Strong Buy117.30%33.85%-237.24%6.95%
WNS
WNS (HOLDINGS) LTD
$1.84B$40.17$64.5060.57%Strong Buy47.51%N/AN/AN/A
RDDT
REDDIT INC
N/A$45.43$49.869.74%Buy1422.50%N/AN/AN/A
INLX
INTELLINETICS INC
$30.19M$7.34N/AN/AN/AN/A9.44%N/AN/AN/A
SLAB
SILICON LABORATORIES INC
$3.90B$122.13$130.146.56%Buy721.08%N/AN/AN/A
ADTN
ADTRAN HOLDINGS INC
$348.64M$4.43$7.7574.94%Buy2-23.18%N/AN/AN/A
AVPT
AVEPOINT INC
$1.50B$8.13$10.0023.00%Buy317.53%N/AN/AN/A
ULY
URGENTLY INC
$21.87M$1.63$5.00206.75%Buy1N/AN/AN/AN/A
PALT
PALTALK INC
$34.58M$3.75N/AN/AN/AN/AN/AN/AN/AN/A
ZS
ZSCALER INC
$26.53B$177.05$239.7335.40%Strong Buy2619.67%N/AN/AN/A
FROG
JFROG LTD
$4.46B$41.99$42.561.35%Strong Buy922.41%N/AN/AN/A
TDC
TERADATA CORP
$3.67B$37.67$50.0032.73%Hold64.36%128.60%N/AN/A
CRM
SALESFORCE INC
$266.06B$274.29$332.2121.12%Strong Buy2410.24%-4.43%N/AN/A
GILT
GILAT SATELLITE NETWORKS LTD
$293.06M$5.14$8.5065.37%Buy1N/AN/AN/AN/A
DSP
VIANT TECHNOLOGY INC
$523.36M$8.33$11.6039.26%Buy5-26.66%N/AN/AN/A
FATH
FATHOM DIGITAL MANUFACTURING CORP
$35.24M$5.05$8.0058.42%Buy1N/AN/A7.69%1.69%
DOCN
DIGITALOCEAN HOLDINGS INC
$3.04B$33.51$40.0019.37%Strong Buy611.60%102.99%N/AN/A
WIX
WIXCOM LTD
$6.91B$120.81$155.9029.05%Strong Buy1012.10%-13.15%N/AN/A
AMKR
AMKOR TECHNOLOGY INC
$7.53B$30.62$34.8013.65%Buy54.64%N/AN/AN/A
DJCO
DAILY JOURNAL CORP
$477.55M$346.80N/AN/AN/AN/AN/AN/AN/AN/A
ASUR
ASURE SOFTWARE INC
$185.60M$7.27$14.2596.01%Buy42.80%N/AN/AN/A
NET
CLOUDFLARE INC
$29.72B$88.01$104.4318.66%Buy1425.75%N/AN/AN/A
NN
NEXTNAV INC
$1.05B$9.42N/AN/AN/AN/A130.75%N/AN/AN/A
LDOS
LEIDOS HOLDINGS INC
$17.70B$130.36$139.006.63%Strong Buy83.81%213.49%N/AN/A
RMNI
RIMINI STREET INC
$251.68M$2.80N/AN/AN/AN/AN/AN/AN/AN/A
PTC
PTC INC
$21.64B$180.99$202.4011.83%Strong Buy1010.08%48.88%N/AN/A
MLGO
MICROALGO INC
$12.49M$2.42N/AN/AN/AN/AN/AN/AN/AN/A
TACT
TRANSACT TECHNOLOGIES INC
$48.83M$4.90$9.0083.67%Buy1N/AN/A-6.07%-4.41%
VISL
VISLINK TECHNOLOGIES INC
$9.72M$3.97N/AN/AN/AN/AN/AN/AN/AN/A
KVYO
KLAVIYO INC
$6.17B$23.61$34.8947.77%Buy924.28%N/AN/AN/A
FEIM
FREQUENCY ELECTRONICS INC
$92.22M$9.72N/AN/AN/AN/AN/AN/AN/AN/A
SGMA
SIGMATRON INTERNATIONAL INC
$25.29M$4.15N/AN/AN/AN/AN/AN/AN/AN/A
PDFS
PDF SOLUTIONS INC
$1.20B$31.04N/AN/AN/AN/A11.56%N/AN/AN/A
DAIO
DATA I/O CORP
$28.33M$3.14N/AN/AN/AN/AN/AN/AN/AN/A
KTCC
KEY TRONIC CORP
$46.17M$4.29N/AN/AN/AN/AN/AN/AN/AN/A
BLZE
BACKBLAZE INC
$383.57M$9.31$12.6736.06%Strong Buy324.09%N/AN/AN/A
INDI
INDIE SEMICONDUCTOR INC
$1.03B$5.60$10.0078.57%Strong Buy139.38%N/AN/AN/A
MDB
MONGODB INC
$27.95B$383.80$439.0414.39%Buy2320.76%N/AN/AN/A
PCOR
PROCORE TECHNOLOGIES INC
$10.16B$70.09$82.2717.38%Strong Buy1120.50%N/AN/AN/A
AAOI
APPLIED OPTOELECTRONICS INC
$416.62M$10.85$20.0084.33%Strong Buy131.36%N/AN/AN/A
FICO
FAIR ISAAC CORP
$27.45B$1,110.85$1.37k23.71%Buy711.26%N/AN/AN/A
CNXN
PC CONNECTION INC
$1.68B$63.69N/AN/AN/AN/A4.15%N/AN/AN/A
KOSS
KOSS CORP
$22.21M$2.40N/AN/AN/AN/AN/AN/AN/AN/A
GPRO
GOPRO INC
$259.32M$1.73$2.5044.51%Sell2-0.55%N/AN/AN/A
ALOT
ASTRONOVA INC
$135.50M$17.50N/AN/AN/AN/AN/AN/AN/AN/A
ROG
ROGERS CORP
$2.26B$121.03N/AN/AN/AN/A0.57%N/AN/AN/A
MYSZ
MY SIZE INC
$2.35M$3.70$12.00224.32%Buy141.48%N/AN/AN/A
NRDY
NERDY INC
$479.45M$2.76$4.4059.42%Buy520.25%N/AN/AN/A
DOCU
DOCUSIGN INC
$11.75B$57.20$64.7713.23%Hold136.12%-12.64%N/AN/A
GRRR
GORILLA TECHNOLOGY GROUP INC
$35.87M$5.00N/AN/AN/AN/AN/AN/AN/AN/A
AMPG
AMPLITECH GROUP INC
$22.25M$2.29N/AN/AN/AN/AN/AN/AN/AN/A
LSAK
LESAKA TECHNOLOGIES INC
$263.27M$4.22N/AN/AN/AN/A5.20%N/AN/AN/A
GTLB
GITLAB INC
$8.78B$55.46$72.0529.90%Strong Buy2224.08%N/AN/AN/A
SNX
TD SYNNEX CORP
$10.29B$117.44$129.4010.18%Buy54.17%N/AN/AN/A
OSS
ONE STOP SYSTEMS INC
$58.79M$2.84$5.2584.86%Strong Buy2-2.05%N/AN/AN/A
CALX
CALIX INC
$1.86B$28.40$38.8036.62%Buy5-2.45%N/AN/AN/A
QUIK
QUICKLOGIC CORP
$206.03M$14.33$14.501.19%Buy230.20%N/AN/AN/A
EBON
EBANG INTERNATIONAL HOLDINGS INC
$51.37M$7.85N/AN/AN/AN/AN/AN/AN/AN/A
CYBR
CYBERARK SOFTWARE LTD
$10.25B$242.60$273.2512.63%Strong Buy2023.21%N/AN/AN/A
SPWR
SUNPOWER CORP
$348.97M$1.99$3.5980.35%Sell14-0.64%N/AN/AN/A
API
AGORA INC
$232.35M$2.52N/AN/AN/AN/A6.42%N/AN/AN/A
EXFY
EXPENSIFY INC
$138.89M$1.63$2.6763.62%Hold3-2.50%N/AN/AN/A
CNDT
CONDUENT INC
$642.52M$3.06$9.00194.12%Buy1-7.85%N/AN/AN/A
KVHI
KVH INDUSTRIES INC
$93.91M$4.78$7.0046.44%Buy1N/AN/A1.20%1.02%
AIP
ARTERIS INC
$253.59M$6.70$17.00153.73%Buy132.48%N/AN/AN/A
SNOW
SNOWFLAKE INC
$52.85B$158.13$208.9332.13%Buy2921.92%N/AN/AN/A
FOUR
SHIFT4 PAYMENTS INC
$5.09B$59.07$87.1547.54%Strong Buy13-20.80%-22.54%N/AN/A
MAXN
MAXEON SOLAR TECHNOLOGIES LTD
$110.31M$2.09$5.82178.52%Hold7-20.35%N/AN/AN/A
SWVL
SWVL HOLDINGS CORP
$73.72M$10.87N/AN/AN/AN/AN/AN/AN/AN/A
BL
BLACKLINE INC
$3.74B$60.83$62.172.20%Hold69.91%N/AN/AN/A
QH
QUHUO LTD
$3.39M$0.55N/AN/AN/AN/AN/AN/AN/AN/A
SPRU
SPRUCE POWER HOLDING CORP
$79.96M$4.37N/AN/AN/AN/AN/AN/AN/AN/A
INTJ
INTELLIGENT GROUP LTD
$14.74M$1.31N/AN/AN/AN/AN/AN/AN/AN/A
CLRO
CLEARONE INC
$21.91M$0.91N/AN/AN/AN/AN/AN/AN/AN/A
KN
KNOWLES CORP
$1.44B$16.03N/AN/AN/AN/AN/AN/AN/AN/A
VHC
VIRNETX HOLDING CORP
$20.10M$5.46N/AN/AN/AN/AN/AN/AN/AN/A
INFN
INFINERA CORP
$1.18B$5.10$7.2542.16%Strong Buy4-0.97%N/AN/AN/A
USIO
USIO INC
$38.86M$1.48$4.00171.19%Buy110.07%N/AN/AN/A
SMWB
SIMILARWEB LTD
$615.05M$7.82$10.7537.47%Strong Buy414.86%N/AN/AN/A
VERX
VERTEX INC
$4.56B$29.53$36.3022.93%Buy1015.24%N/AN/AN/A

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+0.31%+6.01%-1.36%-12.46%11.59x2.68x+70.29%+9.31%+17.58%+19.99%Buy
38+4.31%+12.35%-11.23%+159.22%38.37x13.83x-27.35%+9.81%+18.41%+18.07%Buy
18-0.40%+1.90%-3.07%-5.43%24.48x20.71x+149.67%+28.22%+53.07%+24.37%Buy
44+1.18%+4.26%-1.56%+17.15%25.95x3.53x+21.21%+9.66%+15.16%+15.35%Buy
10+0.10%+2.48%+0.38%+38.33%13.08x1.36x+12.28%+3.94%+12.67%+3.08%Hold
66+0.06%+0.75%-5.13%+15.50%23.55x4.51x+25.53%+7.94%+16.36%+17.16%Buy
33+1.03%+1.91%-3.61%+3.43%-7.72x3.09x+9.11%+6.17%+9.01%+10.94%Buy
29+2.84%+8.44%-2.58%+58.51%39.68x11.61x+50.74%+18.11%+30.50%+10.70%Buy
69+3.12%+11.44%-1.24%+41.38%59.70x7.96x+52.19%+30.05%+33.79%+13.53%Buy
252+0.47%+3.25%-8.89%+28.13%91.33x6.53x+7.71%+4.52%+7.12%+19.86%Buy
138+1.21%+3.76%-4.42%+18.44%77.56x11.33x-37.66%+15.05%+24.39%+19.81%Buy
23+2.96%+3.82%+0.53%-48.93%31.93x2.50x+11.78%+7.31%+11.13%+37.25%Buy

Tech Stocks FAQ

What are the best tech stocks to buy right now in Apr 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 40.81% over the past year, overperforming other tech stocks by 15 percentage points.

Logitech International Sa has an average 1 year price target of $96.40, an upside of 21.63% from Logitech International Sa's current stock price of $79.26.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Logitech International Sa, 40% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a Hold, while 0% have issued a Sell rating, and 20% 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 39.43% over the past year, overperforming other tech stocks by 14 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -31.58% from Full Truck Alliance Co's current stock price of $8.77.

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. Perficient (NASDAQ:PRFT)


Perficient (NASDAQ:PRFT) is the third best tech stock with a Zen Score of 67, which is 37 points higher than the tech sector average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Perficient has seen its stock lose -30.86% over the past year, underperforming other tech stocks by -56 percentage points.

Perficient has an average 1 year price target of $70.20, an upside of 63.29% from Perficient's current stock price of $42.99.

Perficient stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Perficient, 0% have issued a Strong Buy rating, 40% have issued a Buy, 60% 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 122 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 4.54%. 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. Clearone (NASDAQ:CLRO)


Clearone (NASDAQ:CLRO) has an annual dividend yield of 164.11%, which is 160 percentage points higher than the tech sector average of 4.54%. 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.

3. Wisekey International Holding Sa (NASDAQ:WKEY)


Wisekey International Holding Sa (NASDAQ:WKEY) has an annual dividend yield of 136.59%, which is 132 percentage points higher than the tech sector average of 4.54%.

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.

Why are tech stocks up?

Tech stocks were up 1.36% in the last day, and up 5.1% over the last week. Astera Labs was the among the top gainers in the technology sector, gaining 18.73% yesterday.

Shares of semiconductor and chip stocks are trading higher following strong earnings from Microsoft, which could be lifting AI optimism.

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 76 points higher than the tech sector average of 24. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -12.67% in the past year. It has underperformed other stocks in the tech sector by -38 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 76 points higher than the tech sector average of 24. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -23.05% in the past year. It has underperformed other stocks in the tech sector by -49 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 76 points higher than the tech sector average of 24. It passed 7 out of 7 valuation due diligence checks.

International Money Express's stock has dropped -15.1% in the past year. It has underperformed other stocks in the tech sector by -41 percentage points.

Are tech stocks a good buy now?

39.89% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 17.21% 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 57.16x.
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.