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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
CAN
CANAAN INC
$265.37M$1.05$4.25304.76%Strong Buy2N/AN/AN/AN/A
VLD
VELO3D INC
$71.09M$0.24N/AN/AN/AN/AN/AN/AN/AN/A
NXTT
NEXT TECHNOLOGY HOLDING INC
$12.99M$4.95N/AN/AN/AN/AN/AN/AN/AN/A
SVRE
SAVERONE 2014 LTD
$9.05M$0.65N/AN/AN/AN/A-14.85%N/AN/AN/A
UEIC
UNIVERSAL ELECTRONICS INC
$160.10M$12.42$13.004.67%Hold2-1.37%N/AN/AN/A
AMST
AMESITE INC
$8.87M$3.49N/AN/AN/AN/AN/AN/AN/AN/A
TYGO
TIGO ENERGY INC
$87.52M$1.45$3.60148.28%Buy215.24%N/AN/AN/A
FAAS
DIGIASIA CORP
$495.25M$8.81N/AN/AN/AN/AN/AN/AN/AN/A
ATGL
ALPHA TECHNOLOGY GROUP LTD
$60.29M$3.95N/AN/AN/AN/AN/AN/AN/AN/A
PXDT
PIXIE DUST TECHNOLOGIES INC
$36.46M$2.48N/AN/AN/AN/AN/AN/AN/AN/A
ASTS
AST SPACEMOBILE INC
$615.50M$2.39$11.13365.82%Strong Buy31,066.51%N/AN/AN/A
VS
VERSUS SYSTEMS INC
$3.51M$1.40N/AN/AN/AN/AN/AN/AN/AN/A
SGE
STRONG GLOBAL ENTERTAINMENT INC
$12.45M$1.58N/AN/AN/AN/AN/AN/AN/AN/A
QTWO
Q2 HOLDINGS INC
$3.72B$61.91$59.25-4.30%Strong Buy129.93%N/AN/AN/A
CCCS
CCC INTELLIGENT SOLUTIONS HOLDINGS INC
$6.63B$10.78$13.8028.01%Buy57.83%N/AN/AN/A
WK
WORKIVA INC
$4.61B$84.13$97.6716.09%Buy39.99%N/AN/AN/A
MIND
MIND TECHNOLOGY INC
$6.16M$4.38N/AN/AN/AN/AN/AN/AN/AN/A
VUZI
VUZIX CORP
$100.33M$1.55$3.0093.55%Buy1N/AN/AN/AN/A
SPT
SPROUT SOCIAL INC
$1.67B$29.47$54.2584.09%Buy1219.98%N/AN/AN/A
COHU
COHU INC
$1.38B$29.30$35.0019.45%Strong Buy4-21.60%N/AN/AN/A
CRNC
CERENCE INC
$202.62M$4.85$10.08107.90%Hold6-6.57%N/AN/AN/A
FARO
FARO TECHNOLOGIES INC
$368.94M$19.21$27.0040.55%Buy1N/AN/AN/AN/A
JFU
9F INC
$33.20M$2.82N/AN/AN/AN/AN/AN/AN/AN/A
GWRE
GUIDEWIRE SOFTWARE INC
$10.31B$123.75$132.006.67%Strong Buy108.57%N/AN/AN/A
LPTH
LIGHTPATH TECHNOLOGIES INC
$53.55M$1.38$3.00117.39%Strong Buy2-4.35%N/AN/AN/A
MODN
MODEL N INC
$1.17B$29.78$29.17-2.06%Hold65.74%N/AN/AN/A
MRIN
MARIN SOFTWARE INC
$8.29M$2.67N/AN/AN/AN/AN/AN/AN/AN/A
DPSI
DECISIONPOINT SYSTEMS INC
$76.96M$10.02N/AN/AN/AN/AN/AN/AN/AN/A
SSNT
SILVERSUN TECHNOLOGIES INC
$83.99M$15.80N/AN/AN/AN/AN/AN/AN/AN/A
OLB
OLB GROUP INC
$8.87M$4.90N/AN/AN/AN/AN/AN/AN/AN/A
TTMI
TTM TECHNOLOGIES INC
$1.87B$18.39$19.003.32%Strong Buy24.67%N/AN/AN/A
PRCH
PORCH GROUP INC
$283.67M$2.86$4.9472.66%Strong Buy48.70%N/AN/AN/A
U
UNITY SOFTWARE INC
$8.75B$22.38$29.2330.59%Hold11-2.38%N/AN/AN/A
ULY
URGENTLY INC
$28.99M$2.16$5.00131.48%Buy1N/AN/AN/AN/A
UCTT
ULTRA CLEAN HOLDINGS INC
$2.03B$45.25$55.5022.65%Strong Buy210.71%N/AN/AN/A
QMCO
QUANTUM CORP
$53.22M$0.56N/AN/AN/AN/A9.44%N/AN/AN/A
VECO
VEECO INSTRUMENTS INC
$2.31B$40.70$41.331.56%Buy65.29%N/AN/AN/A
WLDS
WEARABLE DEVICES LTD
$6.50M$0.32N/AN/AN/AN/AN/AN/AN/AN/A
XTKG
X3 HOLDINGS CO LTD
$212.96M$0.82N/AN/AN/AN/AN/AN/AN/AN/A
AFRM
AFFIRM HOLDINGS INC
$9.98B$32.30$32.320.06%Hold1114.91%N/A-10.60%-3.02%
EXTR
EXTREME NETWORKS INC
$1.41B$10.84$15.1039.30%Buy5-4.07%N/AN/AN/A
GB
GLOBAL BLUE GROUP HOLDING AG
$989.89M$4.96N/AN/AN/AN/A17.67%N/AN/AN/A
APPS
DIGITAL TURBINE INC
$261.17M$2.56$4.5075.78%Hold14.28%N/AN/AN/A
RUN
SUNRUN INC
$2.68B$12.09$21.2075.35%Strong Buy1013.58%N/AN/AN/A
PWSC
POWERSCHOOL HOLDINGS INC
$3.86B$18.95$24.6730.17%Strong Buy610.47%N/AN/AN/A
TTEC
TTEC HOLDINGS INC
$360.01M$7.57$11.7555.22%Hold4-3.79%N/AN/AN/A
OCC
OPTICAL CABLE CORP
$22.07M$2.81N/AN/AN/AN/AN/AN/AN/AN/A
SVCO
SILVACO GROUP INC
N/A$19.35N/AN/AN/AN/AN/AN/AN/AN/A
CTM
CASTELLUM INC
$13.79M$0.26N/AN/AN/AN/AN/AN/AN/AN/A
LYFT
LYFT INC
$6.89B$17.08$18.055.70%Hold1913.58%N/AN/AN/A
EGHT
8X8 INC
$341.88M$2.77$3.5026.35%Buy32.28%N/AN/AN/A
KTCC
KEY TRONIC CORP
$47.46M$4.41N/AN/AN/AN/AN/AN/AN/AN/A
PRTH
PRIORITY TECHNOLOGY HOLDINGS INC
$275.42M$3.44$11.00219.77%Strong Buy112.72%N/AN/AN/A
KD
KYNDRYL HOLDINGS INC
$6.45B$28.05$29.334.57%Strong Buy3-2.25%N/AN/AN/A
DZSI
DZS INC
$47.36M$1.52$9.00492.11%Buy1-18.96%N/AN/AN/A
SPPL
SIMPPLE LTD
N/A$0.70N/AN/AN/AN/AN/AN/AN/AN/A
APCX
APPTECH PAYMENTS CORP
$22.75M$0.92N/AN/AN/AN/AN/AN/AN/AN/A
SNPO
SNAP ONE HOLDINGS CORP
$813.57M$10.63$11.064.07%Buy44.90%N/AN/AN/A
KOPN
KOPIN CORP
$97.82M$0.83$3.00263.20%Buy113.76%N/AN/AN/A
BNAI
BRAND ENGAGEMENT NETWORK INC
$34.99M$1.05N/AN/AN/AN/AN/AN/AN/AN/A
CMTL
COMTECH TELECOMMUNICATIONS CORP
$50.68M$1.78$18.25925.28%Strong Buy1-0.45%N/AN/AN/A
COHR
COHERENT CORP
$8.70B$57.08$64.5613.10%Strong Buy98.46%N/AN/AN/A
DTSS
DATASEA INC
$21.31M$6.97N/AN/AN/AN/AN/AN/AN/AN/A
NOVT
NOVANTA INC
$6.03B$167.90N/AN/AN/AN/A9.94%N/AN/AN/A
PRO
PROS HOLDINGS INC
$1.46B$31.02$43.3339.69%Strong Buy317.36%N/AN/AN/A
MLNK
MERIDIANLINK INC
$1.33B$17.34$20.0015.34%Sell34.03%N/AN/AN/A
SLNH
SOLUNA HOLDINGS INC
$10.24M$2.61N/AN/AN/AN/AN/AN/AN/AN/A
WAVD
WAVEDANCER INC
$5.15M$2.56N/AN/AN/AN/AN/AN/AN/AN/A
CORZ
CORE SCIENTIFIC INC
$680.91M$3.83$6.7576.24%Strong Buy2N/AN/AN/AN/A
VCSA
VACASA INC
$109.24M$4.87$8.8381.38%Hold3-0.25%N/AN/AN/A
RBT
RUBICON TECHNOLOGIES INC
$12.83M$0.24$1.60566.67%Strong Buy16.28%N/AN/AN/A
SOBR
SOBR SAFE INC
$4.96M$0.25N/AN/AN/AN/AN/AN/AN/AN/A
PRST
PRESTO AUTOMATION INC
$12.77M$0.16$1.31729.11%Buy227.03%N/AN/AN/A
STER
STERLING CHECK CORP
$1.52B$15.51$15.630.74%Buy45.91%N/AN/AN/A
BLIN
BRIDGELINE DIGITAL INC
$12.61M$1.21N/AN/AN/AN/A3.95%N/AN/AN/A
SELX
SEMILUX INTERNATIONAL LTD
$69.24M$1.85N/AN/AN/AN/AN/AN/AN/AN/A
SANG
SANGOMA TECHNOLOGIES CORP
$147.30M$4.42N/AN/AN/AN/AN/AN/AN/AN/A
BCOV
BRIGHTCOVE INC
$92.73M$2.08$4.0092.31%Buy2N/AN/AN/AN/A
CXAI
CXAPP INC
$50.80M$3.33N/AN/AN/AN/AN/AN/AN/AN/A
CYN
CYNGN INC
$12.17M$0.09N/AN/AN/AN/AN/AN/AN/AN/A
MICS
SINGING MACHINE CO INC
$6.00M$0.94N/AN/AN/AN/AN/AN/AN/AN/A
LPSN
LIVEPERSON INC
$71.60M$0.81$1.2554.70%Hold5-9.81%N/AN/AN/A
KSCP
KNIGHTSCOPE INC
$43.53M$0.42$4.00843.40%Buy1N/AN/AN/AN/A
TGL
TREASURE GLOBAL INC
$6.13M$4.70N/AN/AN/AN/AN/AN/AN/AN/A
KVYO
KLAVIYO INC
$6.56B$24.80$34.0837.43%Strong Buy12N/AN/AN/AN/A
IFBD
INFOBIRD CO LTD
$124.95k$3.92N/AN/AN/AN/AN/AN/AN/AN/A
FEBO
FENBO HOLDINGS LTD
$146.19M$13.29N/AN/AN/AN/AN/AN/AN/AN/A
DATS
DATCHAT INC
$4.97M$1.65N/AN/AN/AN/AN/AN/AN/AN/A
VOXX
VOXX INTERNATIONAL CORP
$102.12M$4.53N/AN/AN/AN/AN/AN/AN/AN/A
WTO
UTIME LTD
$5.03M$0.37N/AN/AN/AN/AN/AN/AN/AN/A
NUKK
NUKKLEUS INC
$1.69M$0.93N/AN/AN/AN/AN/AN/AN/AN/A
MKSI
MKS INSTRUMENTS INC
$8.65B$128.75$136.756.21%Strong Buy43.35%N/AN/AN/A
MSTR
MICROSTRATEGY INC
$26.67B$1,503.47$1.68k11.66%Strong Buy42.09%N/AN/AN/A
SMTC
SEMTECH CORP
$2.58B$39.96$40.441.20%Strong Buy87.28%N/AN/AN/A
FRGT
FREIGHT TECHNOLOGIES INC
$1.50M$0.68N/AN/AN/AN/AN/AN/AN/AN/A
CSLR
COMPLETE SOLARIA INC
$46.59M$0.95$6.00532.24%Strong Buy1N/AN/AN/AN/A
INFA
INFORMATICA INC
$9.10B$30.37$36.6020.51%Buy106.55%N/AN/AN/A
DXC
DXC TECHNOLOGY CO
$3.61B$19.73$23.3318.26%Sell3-4.22%N/AN/AN/A
MOGO
MOGO INC
$40.70M$1.66$8.00381.93%Buy18.29%N/AN/AN/A
EMKR
EMCORE CORP
$8.93M$1.08N/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.