WallStreetZenWallStreetZen

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
KULR
KULR TECHNOLOGY GROUP INC
$85.31M$0.47$1.00114.13%Buy1124.04%N/AN/AN/A
ALAR
ALARUM TECHNOLOGIES LTD
$164.01M$27.48$23.00-16.30%Strong Buy1N/AN/AN/AN/A
ALLT
ALLOT LTD
$83.28M$2.17$2.5015.21%Buy149.73%N/AN/AN/A
NOTE
FISCALNOTE HOLDINGS INC
$198.88M$1.48$3.13111.15%Strong Buy4-6.45%N/AN/AN/A
REKR
REKOR SYSTEMS INC
$155.35M$1.82N/AN/AN/AN/A71.49%N/AN/AN/A
SKYT
SKYWATER TECHNOLOGY INC
$390.64M$8.25$13.2560.61%Strong Buy411.22%N/AN/AN/A
MAPS
WM TECHNOLOGY INC
$158.33M$1.06N/AN/AN/AN/A6.38%N/AN/AN/A
BOXL
BOXLIGHT CORP
$6.65M$0.68$2.25230.88%Strong Buy23.44%N/AN/AN/A
BL
BLACKLINE INC
$3.64B$58.90$64.439.39%Hold78.21%N/AN/AN/A
MITQ
MOVING IMAGE TECHNOLOGIES INC
$5.50M$0.54N/AN/AN/AN/AN/AN/AN/AN/A
SPRU
SPRUCE POWER HOLDING CORP
$69.72M$3.79N/AN/AN/AN/AN/AN/AN/AN/A
RPAY
REPAY HOLDINGS CORP
$1.05B$10.31$11.9315.70%Strong Buy76.92%N/AN/AN/A
TYL
TYLER TECHNOLOGIES INC
$20.77B$489.14$500.572.34%Buy77.80%N/AN/AN/A
FTCI
FTC SOLAR INC
$63.75M$0.51$0.9894.27%Hold353.74%N/AN/AN/A
VRAR
GLIMPSE GROUP INC
$20.51M$1.13N/AN/AN/AN/AN/AN/AN/AN/A
IDAI
T STAMP INC
$6.87M$0.68N/AN/AN/AN/AN/AN/AN/AN/A
BIGC
BIGCOMMERCE HOLDINGS INC
$602.74M$7.80$9.0015.38%Hold8N/AN/AN/AN/A
MTEK
MARIS TECH LTD
$11.11M$1.41N/AN/AN/AN/AN/AN/AN/AN/A
GVP
GSE SYSTEMS INC
$10.11M$3.12$13.00316.67%Buy116.45%N/AN/AN/A
OUST
OUSTER INC
$547.22M$12.10$12.00-0.83%Strong Buy4N/AN/AN/AN/A
SOUN
SOUNDHOUND AI INC
$1.75B$5.32$6.8829.32%Buy5N/AN/AN/AN/A
SONO
SONOS INC
$2.12B$17.24$24.5042.11%Strong Buy28.10%N/AN/AN/A
PGY
PAGAYA TECHNOLOGIES LTD
$863.56M$12.18$26.10114.29%Strong Buy517.80%N/AN/AN/A
PSFE
PAYSAFE LTD
$1.11B$18.21$17.22-5.44%Hold53.87%N/AN/AN/A
GBTG
GLOBAL BUSINESS TRAVEL GROUP INC
$2.88B$6.09$8.0031.36%Strong Buy16.60%N/AN/AN/A
QRVO
QORVO INC
$9.65B$99.91$109.339.43%Hold1211.37%N/AN/AN/A
NTCT
NETSCOUT SYSTEMS INC
$1.48B$20.84N/AN/AN/AN/A-0.20%N/AN/AN/A
ERIC
ERICSSON LM TELEPHONE CO
$18.99B$5.68$5.58-1.76%Hold1-4.86%N/AN/AN/A
OBLG
OBLONG INC
$3.06M$0.15N/AN/AN/AN/AN/AN/AN/AN/A
NTNX
NUTANIX INC
$16.86B$69.01$67.46-2.25%Strong Buy1112.63%N/AN/AN/A
NTGR
NETGEAR INC
$380.25M$13.08$13.00-0.61%Hold13.01%N/AN/AN/A
ZENV
ZENVIA INC
$93.40M$2.23N/AN/AN/AN/A16.87%N/AN/AN/A
ZBRA
ZEBRA TECHNOLOGIES CORP
$16.65B$323.87$343.636.10%Buy87.46%165.17%N/AN/A
MU
MICRON TECHNOLOGY INC
$141.53B$127.81$131.412.82%Strong Buy2237.05%N/AN/AN/A
EVCM
EVERCOMMERCE INC
$1.94B$10.49$11.004.86%Buy74.12%N/AN/AN/A
VIAV
VIAVI SOLUTIONS INC
$1.71B$7.66$13.0069.71%Strong Buy52.88%N/AN/AN/A
HOLO
MICROCLOUD HOLOGRAM INC
$12.95M$2.18N/AN/AN/AN/AN/AN/AN/AN/A
JNVR
JANOVER INC
$11.95M$1.08N/AN/AN/AN/AN/AN/AN/AN/A
BLND
BLEND LABS INC
$784.89M$3.11$3.202.89%Strong Buy316.64%N/AN/AN/A
GSIT
GSI TECHNOLOGY INC
$80.94M$3.20N/AN/AN/AN/AN/AN/AN/AN/A
MXL
MAXLINEAR INC
$1.61B$19.42$27.0039.03%Buy44.08%N/AN/AN/A
FOUR
SHIFT4 PAYMENTS INC
$6.32B$72.16$85.3118.22%Strong Buy13-22.68%N/AN/AN/A
VERX
VERTEX INC
$4.93B$31.80$38.0019.50%Buy812.59%N/AN/AN/A
OSS
ONE STOP SYSTEMS INC
$47.27M$2.26$5.25132.30%Strong Buy24.55%N/AN/AN/A
SCWX
SECUREWORKS CORP
$551.79M$6.25N/AN/AN/AN/A-0.86%N/AN/AN/A
BKTI
BK TECHNOLOGIES CORP
$48.36M$13.70N/AN/AN/AN/AN/AN/AN/AN/A
WOLF
WOLFSPEED INC
$3.18B$25.29$33.2031.28%Buy1022.53%N/AN/AN/A
GNSS
GENASYS INC
$88.74M$1.99N/AN/AN/AN/A40.30%N/AN/AN/A
AUR
AURORA INNOVATION INC
$4.53B$2.92$3.6725.58%Hold3N/AN/AN/AN/A
HTCR
HEARTCORE ENTERPRISES INC
$17.76M$0.85N/AN/AN/AN/A33.05%N/AN/AN/A
SMWB
SIMILARWEB LTD
$608.77M$7.58$10.7541.82%Strong Buy413.18%N/AN/AN/A
PD
PAGERDUTY INC
$1.97B$21.29$27.5729.50%Buy711.31%N/AN/AN/A
IMTE
INTEGRATED MEDIA TECHNOLOGY LTD
$4.31M$2.03N/AN/AN/AN/AN/AN/AN/AN/A
CETX
CEMTREX INC
$3.19M$0.30N/AN/AN/AN/A11.37%N/AN/AN/A
ATOM
ATOMERA INC
$121.80M$4.53N/AN/AN/AN/AN/AN/AN/AN/A
CRSR
CORSAIR GAMING INC
$1.16B$11.16$16.3346.35%Buy39.69%N/AN/AN/A
WYY
WIDEPOINT CORP
$24.02M$2.58N/AN/AN/AN/AN/AN/AN/AN/A
SILC
SILICOM LTD
$105.40M$16.80$20.0019.05%Buy1N/AN/AN/AN/A
MVIS
MICROVISION INC
$261.42M$1.27$3.00137.15%Hold1N/AN/AN/AN/A
DDD
3D SYSTEMS CORP
$507.05M$3.80$8.25117.11%Strong Buy13.67%N/AN/AN/A
GRND
GRINDR INC
$1.77B$10.06$13.3332.53%Strong Buy316.32%N/AN/AN/A
CGNT
COGNYTE SOFTWARE LTD
$547.38M$7.71$7.750.52%Hold27.27%N/AN/AN/A
WALD
WALDENCAST PLC
$1.03B$4.60$8.0073.91%Buy132.63%N/AN/AN/A
SPWR
SUNPOWER CORP
$545.37M$3.11$3.5614.57%Sell12-0.94%N/AN/AN/A
AKTS
AKOUSTIS TECHNOLOGIES INC
$41.05M$0.42$1.00140.38%Hold126.70%N/AN/AN/A
YEXT
YEXT INC
$708.00M$5.67$7.6334.48%Hold23.33%N/AN/AN/A
KPLT
KATAPULT HOLDINGS INC
$76.61M$18.66N/AN/AN/AN/AN/AN/AN/AN/A
LINK
INTERLINK ELECTRONICS INC
$44.37M$4.50N/AN/AN/AN/AN/AN/AN/AN/A
SEDG
SOLAREDGE TECHNOLOGIES INC
$2.94B$51.35$67.4231.30%Hold206.96%N/AN/AN/A
FIS
FIDELITY NATIONAL INFORMATION SERVICES INC
$43.10B$77.48$80.003.25%Buy16-2.85%N/AN/AN/A
AIXI
XIAO-I CORP
$75.65M$1.05N/AN/AN/AN/A20.44%N/AN/AN/A
WDC
WESTERN DIGITAL CORP
$24.71B$75.69$85.7213.25%Strong Buy1816.91%N/AN/AN/A
AMPL
AMPLITUDE INC
$1.16B$9.49$11.0015.91%Sell47.84%N/AN/AN/A
PDYN
PALLADYNE AI CORP
$36.18M$1.36N/AN/AN/AN/A149.35%N/AN/AN/A
RSSS
RESEARCH SOLUTIONS INC
$92.97M$2.88$6.00108.33%Strong Buy13.63%N/AN/AN/A
LIDR
AEYE INC
$22.14M$3.34N/AN/AN/AN/A1,935.46%N/AN/AN/A
DOMO
DOMO INC
$270.40M$7.11$13.0082.84%Buy34.40%N/AN/AN/A
ADEA
ADEIA INC
$1.26B$11.61$15.5033.51%Strong Buy2N/AN/AN/AN/A
NOVA
SUNNOVA ENERGY INTERNATIONAL INC
$596.35M$4.81$12.54160.67%Strong Buy1326.09%N/AN/AN/A
JAMF
JAMF HOLDING CORP
$2.24B$17.45$22.8030.66%Buy56.88%N/AN/AN/A
ASX
ASE TECHNOLOGY HOLDING CO LTD
$9.43B$10.73N/AN/AN/AN/AN/AN/AN/AN/A
TACT
TRANSACT TECHNOLOGIES INC
$37.73M$3.78$7.5098.68%Buy1-25.98%N/AN/AN/A
INSG
INSEEGO CORP
$66.19M$5.57$3.50-37.16%Hold126.82%N/AN/AN/A
BLKB
BLACKBAUD INC
$4.08B$79.01$88.0011.38%Buy16.43%153.27%N/AN/A
MYNA
MYNARIC AG
$126.29M$5.57N/AN/AN/AN/A249.80%N/AN/AN/A
QBTS
D-WAVE QUANTUM INC
$227.79M$1.33$3.00125.56%Strong Buy453.99%N/AN/AN/A
UPBD
UPBOUND GROUP INC
$1.80B$33.01$42.0027.23%Strong Buy24.17%N/AN/AN/A
BLBX
BLACKBOXSTOCKS INC
$8.58M$2.66N/AN/AN/AN/AN/AN/AN/AN/A
VYX
NCR VOYIX CORP
$1.89B$13.04$18.6042.64%Buy529.74%N/AN/AN/A
MNDR
MOBILE-HEALTH NETWORK SOLUTIONS
N/A$2.27N/AN/AN/AN/A90.29%N/AN/AN/A
INVE
IDENTIV INC
$96.57M$4.13$8.75111.86%Strong Buy2-7.60%N/AN/AN/A
DMRC
DIGIMARC CORP
$542.67M$25.39$28.0010.28%Hold1N/AN/AN/AN/A
RDWR
RADWARE LTD
$836.90M$20.07$22.009.62%Strong Buy15.44%N/AN/AN/A
ONTF
ON24 INC
$271.29M$6.48$9.0038.89%Hold1-8.56%N/AN/AN/A
ELWS
EARLYWORKS CO LTD
$9.17M$0.61N/AN/AN/AN/AN/AN/AN/AN/A
MYSZ
MY SIZE INC
$3.41M$5.32$12.00125.56%Buy112.60%N/AN/AN/A
LASR
NLIGHT INC
$631.19M$13.27$16.0020.57%Buy27.50%N/AN/AN/A
SGH
SMART GLOBAL HOLDINGS INC
$1.04B$19.91$27.2536.87%Strong Buy29.45%N/AN/AN/A
ASYS
AMTECH SYSTEMS INC
$76.02M$5.35N/AN/AN/AN/A-3.03%N/AN/AN/A
BCAN
BYND CANNASOFT ENTERPRISES INC
$1.30M$0.98N/AN/AN/AN/AN/AN/AN/AN/A

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
66+1.51%+4.31%+12.79%-0.25%7.67x2.85x+40.11%+8.77%+16.05%+13.06%Buy
35+9.13%+11.53%+11.98%+172.78%38.94x14.73x-26.69%+10.58%+17.79%+5.06%Buy
19-0.15%+3.70%+6.69%+1.90%28.83x23.32x+142.81%+28.03%+54.18%+16.18%Buy
44+1.32%+3.02%+10.80%+21.71%22.00x3.87x+20.61%+9.69%+14.99%+4.17%Buy
10+1.75%+3.55%+1.67%+38.88%15.08x1.45x+11.28%+3.62%+11.73%-2.68%Hold
62+0.84%-0.48%+1.74%+18.33%27.34x4.57x+24.34%+8.07%+16.35%+15.00%Buy
32+1.71%+2.46%+8.27%+10.11%13.40x3.31x+8.40%+6.46%+13.68%+5.16%Buy
29+3.00%+4.91%+5.63%+53.58%38.51x12.15x+50.99%+18.24%+30.73%+6.31%Buy
67+2.69%+5.47%+9.85%+49.56%67.52x8.53x+52.03%+30.03%+33.76%+8.09%Buy
252+3.48%+5.18%+6.18%+33.14%31.02x6.58x+5.35%+4.64%+7.63%+14.03%Buy
145+1.81%+2.76%+3.50%+16.73%45.42x11.94x+26.39%+15.12%+24.43%+18.14%Buy
26-0.22%+0.59%+3.15%-50.85%24.15x2.67x+14.92%+6.74%+10.68%+30.81%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 17.17% over the past year, underperforming other tech stocks by -12 percentage points.

Rambus has an average 1 year price target of $81.67, an upside of 37.21% from Rambus's current stock price of $59.52.

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 -32.04% over the past year, underperforming other tech stocks by -61 percentage points.

Dlocal has an average 1 year price target of $18.43, an upside of 84.29% from Dlocal's current stock price of $10.00.

Dlocal stock has a consensus Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Dlocal, 42.86% have issued a Strong Buy rating, 0% have issued a Buy, 57.14% 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 -19.53% over the past year, underperforming other tech stocks by -49 percentage points.

Epam Systems has an average 1 year price target of $281.88, an upside of 47.98% from Epam Systems's current stock price of $190.48.

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 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 4.13%. 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. Sap Se (NYSE:SAP)


Sap Se (NYSE:SAP) has an annual dividend yield of N/A, which is N/A percentage points lower than the tech sector average of 4.13%. Sap Se's dividend payout is not stable, having dropped more than 10% four times in the last 10 years. Sap Se's dividend has shown consistent growth over the last 10 years.

Sap Se's dividend payout ratio of 49.1% indicates that its dividend yield is sustainable for the long-term.

3. Wisekey International Holding Sa (NASDAQ:WKEY)


Wisekey International Holding Sa (NASDAQ:WKEY) has an annual dividend yield of 147.37%, which is 143 percentage points higher than the tech sector average of 4.13%.

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.

Why are tech stocks up?

Tech stocks were up 2.71% in the last day, and up 4.23% over the last week. Complete Solaria was the among the top gainers in the technology sector, gaining 37.74% yesterday.

Complete Solaria shares are trading higher after the company announced it signed a term sheet to eliminate its Carlyle debt.

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 -11.76% in the past year. It has underperformed other stocks in the tech sector by -41 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 -11.22% in the past year. It has underperformed other stocks in the tech sector by -41 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 -5.13% in the past year. It has underperformed other stocks in the tech sector by -34 percentage points.

Are tech stocks a good buy now?

40.97% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 11.95% 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 44.63x.
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.