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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
BKSY
BLACKSKY TECHNOLOGY INC
$184.29M$1.26$2.75118.25%Strong Buy227.57%N/AN/AN/A
ADEA
ADEIA INC
$1.09B$10.14$15.5052.94%Strong Buy2N/AN/AN/AN/A
ML
MONEYLION INC
$746.04M$70.93$92.2029.99%Strong Buy522.55%N/AN/AN/A
STEM
STEM INC
$288.73M$1.83$3.2477.16%Hold630.76%N/AN/AN/A
TENB
TENABLE HOLDINGS INC
$5.43B$45.99$57.2024.37%Strong Buy1014.08%N/AN/AN/A
ONDS
ONDAS HOLDINGS INC
$52.15M$0.80$3.50340.25%Strong Buy1121.26%N/AN/AN/A
BILL
BILL HOLDINGS INC
$6.56B$62.44$84.7335.69%Buy1111.30%N/AN/AN/A
LTRX
LANTRONIX INC
$122.55M$3.27$8.00144.65%Strong Buy216.63%N/AN/AN/A
GEN
GEN DIGITAL INC
$13.14B$20.63$25.7524.82%Buy42.94%-17.08%N/AN/A
SSTI
SOUNDTHINKING INC
$174.80M$13.67$25.0082.88%Strong Buy212.87%N/AN/AN/A
WEAV
WEAVE COMMUNICATIONS INC
$799.46M$11.33$16.0041.22%Strong Buy315.55%N/AN/AN/A
AXTI
AXT INC
$131.42M$2.97$5.3880.98%Strong Buy425.35%N/AN/AN/A
DAVE
DAVE INC
$535.09M$43.72$45.002.93%Buy118.72%N/A4.50%1.33%
ITI
ITERIS INC
$192.23M$4.48$7.7572.99%Strong Buy210.44%N/AN/AN/A
AMST
AMESITE INC
$8.39M$3.30N/AN/AN/AN/AN/AN/AN/AN/A
INTA
INTAPP INC
$2.30B$31.88$47.1747.95%Strong Buy612.07%N/AN/AN/A
SOS
SOS LTD
$9.77M$1.18N/AN/AN/AN/AN/AN/AN/AN/A
ASAN
ASANA INC
$3.39B$15.08$19.8031.30%Hold1014.07%N/AN/AN/A
PYCR
PAYCOR HCM INC
$3.18B$17.86$26.0045.58%Buy712.60%N/AN/AN/A
MEI
METHODE ELECTRONICS INC
$432.47M$12.22$12.00-1.80%Hold1-1.26%N/AN/AN/A
BB
BLACKBERRY LTD
$1.67B$2.83$3.2514.84%Hold2-10.65%N/AN/AN/A
CRNT
CERAGON NETWORKS LTD
$235.75M$2.76$5.2590.22%Buy1N/AN/AN/AN/A
AWRE
AWARE INC
$36.06M$1.71N/AN/AN/AN/AN/AN/AN/AN/A
LYFT
LYFT INC
$6.54B$16.37$15.81-3.45%Hold1814.28%N/AN/AN/A
VERB
VERB TECHNOLOGY COMPANY INC
$12.05M$0.15N/AN/AN/AN/AN/AN/AN/AN/A
OCFT
ONECONNECT FINANCIAL TECHNOLOGY CO LTD
$77.22M$2.00$7.00250.00%Strong Buy17.11%N/AN/AN/A
ACIW
ACI WORLDWIDE INC
$3.54B$33.30$37.0011.11%Strong Buy47.49%N/AN/AN/A
MMAT
META MATERIALS INC
$19.93M$3.16N/AN/AN/AN/A365.75%N/A57.51%22.84%
RUN
SUNRUN INC
$2.26B$10.29$21.23106.33%Strong Buy1311.57%N/AN/AN/A
MSTR
MICROSTRATEGY INC
$21.76B$1,282.38$1.73k35.20%Strong Buy44.42%-87.61%N/AN/A
AMBA
AMBARELLA INC
$1.77B$43.09$73.8371.35%Buy625.37%N/AN/AN/A
NOVT
NOVANTA INC
$5.71B$159.41N/AN/AN/AN/A11.84%N/AN/AN/A
MVIS
MICROVISION INC
$292.90M$1.50$3.00100.00%Hold1N/AN/AN/AN/A
BMR
BEAMR IMAGING LTD
$78.83M$6.04N/AN/AN/AN/AN/AN/AN/AN/A
BMBL
BUMBLE INC
$1.90B$10.49$16.3555.86%Buy1010.15%N/AN/AN/A
INST
INSTRUCTURE HOLDINGS INC
$2.85B$19.65$29.6750.98%Strong Buy616.68%N/AN/AN/A
ANY
SPHERE 3D CORP
$19.22M$1.08$5.00362.96%Buy1N/AN/AN/AN/A
AMPL
AMPLITUDE INC
$1.19B$9.92$11.3314.24%Sell39.21%N/AN/AN/A
AOSL
ALPHA & OMEGA SEMICONDUCTOR LTD
$627.50M$22.19$30.0035.20%Buy34.62%N/AN/AN/A
NEON
NEONODE INC
$30.26M$1.97N/AN/AN/AN/AN/AN/AN/AN/A
ATOM
ATOMERA INC
$118.46M$4.45N/AN/AN/AN/AN/AN/AN/AN/A
STM
STMICROELECTRONICS NV
$37.31B$41.33$45.008.88%Buy24.32%-11.47%N/AN/A
DAY
DAYFORCE INC
$9.55B$60.98$77.2926.74%Buy714.08%N/AN/AN/A
WRNT
WARRANTEE INC
$6.54M$0.29N/AN/AN/AN/AN/AN/AN/AN/A
ISUN
ISUN INC
$7.96M$0.17N/AN/AN/AN/A17.74%N/AN/AN/A
WKME
WALKME LTD
$720.56M$7.93$13.9275.50%Hold69.14%N/AN/AN/A
SMAR
SMARTSHEET INC
$5.26B$38.28$48.8727.66%Strong Buy1515.19%N/AN/AN/A
FIVN
FIVE9 INC
$4.32B$58.98$85.6445.19%Strong Buy1116.77%N/AN/AN/A
APPN
APPIAN CORP
$2.76B$37.56$48.0027.80%Buy513.06%N/AN/AN/A
DUOT
DUOS TECHNOLOGIES GROUP INC
$23.24M$3.18N/AN/AN/AN/A119.91%N/AN/AN/A
DGII
DIGI INTERNATIONAL INC
$1.12B$30.95$36.3317.39%Strong Buy30.37%N/AN/AN/A
MX
MAGNACHIP SEMICONDUCTOR CORP
$191.30M$5.00$10.00100.00%Strong Buy23.11%N/AN/AN/A
CWAN
CLEARWATER ANALYTICS HOLDINGS INC
$4.01B$16.40$22.5037.20%Buy419.31%N/AN/AN/A
HUBS
HUBSPOT INC
$31.98B$631.13$647.902.66%Buy1918.15%N/AN/AN/A
CRDO
CREDO TECHNOLOGY GROUP HOLDING LTD
$3.03B$18.56$27.2046.55%Strong Buy531.21%N/AN/AN/A
LUNA
LUNA INNOVATIONS INC
$67.58M$1.99$8.00302.01%Buy118.45%N/AN/AN/A
SMSI
SMITH MICRO SOFTWARE INC
$21.73M$2.32$20.00762.07%Strong Buy1-25.58%N/AN/AN/A
RGTI
RIGETTI COMPUTING INC
$201.78M$1.27$3.17149.37%Strong Buy3N/AN/A-43.49%-29.81%
LGL
LGL GROUP INC
$31.35M$5.84N/AN/AN/AN/AN/AN/AN/AN/A
VS
VERSUS SYSTEMS INC
$3.31M$1.32N/AN/AN/AN/AN/AN/AN/AN/A
CEVA
CEVA INC
$472.20M$19.98$28.0040.14%Strong Buy15.87%N/AN/AN/A
AZPN
ASPEN TECHNOLOGY INC
$12.61B$198.43$203.672.64%Buy3N/AN/AN/AN/A
ARQQ
ARQIT QUANTUM INC
$79.81M$0.49$3.00514.75%Buy1N/AN/A62.82%41.96%
AEYE
AUDIOEYE INC
$167.13M$14.29$18.5029.46%Strong Buy310.12%N/AN/AN/A
BSY
BENTLEY SYSTEMS INC
$16.05B$53.99$60.4011.87%Strong Buy510.99%-21.90%31.31%8.33%
RVYL
RYVYL INC
$8.21M$1.37N/AN/AN/AN/AN/AN/AN/AN/A
TYL
TYLER TECHNOLOGIES INC
$19.56B$460.74$501.758.90%Strong Buy87.66%N/AN/AN/A
PAR
PAR TECHNOLOGY CORP
$1.21B$43.24$55.2527.78%Buy417.17%N/AN/AN/A
SYTA
SIYATA MOBILE INC
$1.66M$2.91N/AN/AN/AN/A149.59%N/AN/AN/A
GDS
GDS HOLDINGS LTD
$1.48B$7.76$12.3859.47%Buy214.18%N/AN/AN/A
TRMB
TRIMBLE INC
$14.78B$60.15$64.807.73%Buy5-0.94%93.14%N/AN/A
WYY
WIDEPOINT CORP
$17.78M$2.01N/AN/AN/AN/AN/AN/AN/AN/A
LITE
LUMENTUM HOLDINGS INC
$2.93B$43.42$54.7526.09%Buy87.68%N/AN/AN/A
GDDY
GODADDY INC
$17.81B$125.01$135.188.14%Strong Buy116.80%-4.56%N/AN/A
TYGO
TIGO ENERGY INC
$63.87M$1.07$3.60236.45%Buy23.42%N/AN/AN/A
NTWK
NETSOL TECHNOLOGIES INC
$30.30M$2.66N/AN/AN/AN/AN/AN/AN/AN/A
TWKS
THOUGHTWORKS HOLDING INC
$771.33M$2.39$4.2376.78%Hold4-2.00%N/AN/AN/A
VNET
VNET GROUP INC
$399.38M$1.58N/AN/AN/AN/A10.88%N/AN/AN/A
AIRG
AIRGAIN INC
$54.83M$5.22$6.0014.94%Buy112.06%N/AN/AN/A
SSYS
STRATASYS LTD
$697.95M$10.02$19.5094.61%Strong Buy25.40%N/AN/AN/A
BAND
BANDWIDTH INC
$473.92M$18.04$23.5030.27%Strong Buy411.02%N/AN/AN/A
NTGR
NETGEAR INC
$440.47M$14.85$30.00102.02%Buy14.77%N/AN/AN/A
OUST
OUSTER INC
$352.62M$8.67$10.0015.34%Strong Buy4N/AN/AN/AN/A
PERF
PERFECT CORP
$240.36M$2.36$3.0027.12%Hold19.80%N/AN/AN/A
CREX
CREATIVE REALITIES INC
$36.46M$3.49N/AN/AN/AN/A37.38%N/AN/AN/A
SPT
SPROUT SOCIAL INC
$2.89B$51.39$73.4642.94%Strong Buy1128.58%N/AN/AN/A
SCKT
SOCKET MOBILE INC
$7.71M$1.02N/AN/AN/AN/AN/AN/AN/AN/A
QUBT
QUANTUM COMPUTING INC
$68.70M$0.75$8.751,063.56%Buy1N/AN/AN/AN/A
RCAT
RED CAT HOLDINGS INC
$103.25M$1.39N/AN/AN/AN/AN/AN/AN/AN/A
PI
IMPINJ INC
$4.18B$150.91$153.001.38%Strong Buy719.92%N/AN/AN/A
ICG
INTCHAINS GROUP LTD
$523.86M$8.74N/AN/AN/AN/AN/AN/AN/AN/A
ONTF
ON24 INC
$280.88M$6.74$9.0033.53%Hold1-11.94%N/AN/AN/A
GNSS
GENASYS INC
$95.54M$2.17$3.5061.29%Strong Buy119.96%N/AN/AN/A
CLBT
CELLEBRITE DI LTD
$2.23B$10.88$13.5024.08%Strong Buy517.40%N/AN/AN/A
ZUO
ZUORA INC
$1.45B$9.95$12.0020.60%Strong Buy47.40%N/AN/AN/A
TTMI
TTM TECHNOLOGIES INC
$1.54B$15.13$17.7517.32%Strong Buy24.43%N/AN/AN/A
INVE
IDENTIV INC
$119.45M$5.12$9.5085.55%Strong Buy10.53%N/AN/AN/A
MOB
MOBILICOM LTD
$5.73M$1.08N/AN/AN/AN/AN/AN/AN/AN/A
TGAN
TRANSPHORM INC
$307.47M$4.86N/AN/AN/AN/A72.33%N/AN/AN/A
REFR
RESEARCH FRONTIERS INC
$53.28M$1.59N/AN/AN/AN/AN/AN/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.