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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
RTC
BAIJIAYUN GROUP LTD
$104.94M$1.09N/AN/AN/AN/AN/AN/AN/AN/A
RNG
RINGCENTRAL INC
$3.50B$37.96$37.39-1.51%Buy136.93%N/AN/AN/A
SYNX
SILYNXCOM LTD
$13.60M$2.68N/AN/AN/AN/AN/AN/AN/AN/A
ETWO
E2OPEN PARENT HOLDINGS INC
$1.51B$4.93$4.50-8.72%Hold13.90%N/AN/AN/A
KC
KINGSOFT CLOUD HOLDINGS LTD
$861.74M$3.38$4.3528.70%Strong Buy44.51%N/AN/AN/A
RYDE
RYDE GROUP LTD
$145.26M$7.60$9.0018.42%Strong Buy1N/AN/AN/AN/A
SQNS
SEQUANS COMMUNICATIONS
$29.98M$0.49N/AN/AN/AN/A35.05%N/A-4,583.69%254.90%
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
$2.13M$3.06N/AN/AN/AN/AN/AN/AN/AN/A
LKCO
LUOKUNG TECHNOLOGY CORP
$10.04M$0.57N/AN/AN/AN/AN/AN/AN/AN/A
EGIO
EDGIO INC
$53.74M$9.53$8.50-10.81%Hold210.91%N/AN/AN/A
ALIT
ALIGHT INC
$4.30B$7.65$12.0056.86%Strong Buy69.51%N/AN/AN/A
SATS
ECHOSTAR CORP
$4.74B$17.45$19.5011.75%Hold4-11.81%N/AN/AN/A
MSAI
MULTISENSOR AI HOLDINGS INC
$36.31M$2.64$8.00203.03%Strong Buy1122.95%N/AN/AN/A
UAVS
AGEAGLE AERIAL SYSTEMS INC
$8.37M$0.70N/AN/AN/AN/AN/AN/AN/AN/A
CISO
CISO GLOBAL INC
$10.35M$0.85N/AN/AN/AN/AN/AN/AN/AN/A
CLVT
CLARIVATE PLC
$4.27B$6.39$7.9223.90%Hold60.85%N/AN/AN/A
BTCM
BIT MINING LTD
$29.56M$2.66N/AN/AN/AN/AN/AN/AN/AN/A
POET
POET TECHNOLOGIES INC
$105.37M$2.48N/AN/AN/AN/AN/AN/AN/AN/A
WRAP
WRAP TECHNOLOGIES INC
$71.18M$1.61N/AN/AN/AN/AN/AN/AN/AN/A
EVBG
EVERBRIDGE INC
$1.45B$34.79$35.000.60%Hold32.29%N/AN/AN/A
BAND
BANDWIDTH INC
$604.70M$22.39$30.5036.22%Strong Buy69.16%N/AN/AN/A
ALAB
ASTERA LABS INC
$12.05B$77.42$86.0911.20%Strong Buy11N/AN/AN/AN/A
COMP
COMPASS INC
$2.18B$4.41$4.03-8.59%Buy811.18%N/AN/AN/A
NTRP
NEXTTRIP INC
$2.08M$2.67$3.0012.36%Hold1N/AN/AN/AN/A
XTIA
XTI AEROSPACE INC
$15.97M$1.61N/AN/AN/AN/AN/AN/AN/AN/A
MRDB
MARIADB PLC
$34.71M$0.50N/AN/AN/AN/AN/AN/AN/AN/A
SGN
SIGNING DAY SPORTS INC
$4.98M$0.32N/AN/AN/AN/AN/AN/AN/AN/A
OST
OSTIN TECHNOLOGY GROUP CO LTD
$5.64M$0.40N/AN/AN/AN/AN/AN/AN/AN/A
RPD
RAPID7 INC
$2.45B$39.38$51.1529.90%Buy137.52%N/AN/AN/A
SATX
SATIXFY COMMUNICATIONS LTD
$50.53M$0.61N/AN/AN/AN/AN/AN/AN/AN/A
MRVL
MARVELL TECHNOLOGY INC
$60.75B$70.15$87.7425.08%Strong Buy2714.30%N/AN/AN/A
FCUV
FOCUS UNIVERSAL INC
$19.37M$0.30N/AN/AN/AN/AN/AN/AN/AN/A
ZEPP
ZEPP HEALTH CORP
$51.78M$0.86N/AN/AN/AN/AN/AN/AN/AN/A
MRT
MARTI TECHNOLOGIES INC
$103.81M$1.82$0.90-50.55%Strong Buy1N/AN/AN/AN/A
XRX
XEROX HOLDINGS CORP
$1.76B$14.15$17.0020.14%Strong Sell1-2.43%N/AN/AN/A
EZFL
EZFILL HOLDINGS INC
$12.08M$2.51N/AN/AN/AN/AN/AN/AN/AN/A
DBD
DIEBOLD NIXDORF INC
$1.61B$42.85$50.0016.69%Buy1N/AN/AN/AN/A
ARBB
ARB IOT GROUP LTD
$23.50M$0.89N/AN/AN/AN/AN/AN/AN/AN/A
TURB
TURBO ENERGY SA
$12.67M$1.15N/AN/AN/AN/AN/AN/AN/AN/A
CAMP
CALAMP CORP
$6.00M$3.63$6.9090.08%Strong Sell1-10.51%N/AN/AN/A
SYNA
SYNAPTICS INC
$3.64B$92.25$117.6727.55%Strong Buy91.65%N/AN/AN/A
RBRK
RUBRIK INC
N/A$34.36N/AN/AN/AN/AN/AN/AN/AN/A
DHX
DHI GROUP INC
$121.82M$2.52$7.00177.78%Buy1-1.59%N/AN/AN/A
PEGY
PINEAPPLE ENERGY INC
$8.35M$0.09N/AN/AN/AN/AN/AN/AN/AN/A
GREE
GREENIDGE GENERATION HOLDINGS INC
$24.62M$2.51N/AN/AN/AN/A-2.23%N/AN/AN/A
XELA
EXELA TECHNOLOGIES INC
$17.76M$2.79N/AN/AN/AN/AN/AN/AN/AN/A
LPL
LG DISPLAY CO LTD
$2.87B$4.01N/AN/AN/AN/AN/AN/AN/AN/A
ST
SENSATA TECHNOLOGIES HOLDING PLC
$6.48B$43.02$43.781.76%Hold93.20%N/AN/AN/A
JTAI
JETAI INC
$8.71M$0.69N/AN/AN/AN/AN/AN/AN/AN/A
NA
NANO LABS LTD
$37.92M$0.58N/AN/AN/AN/AN/AN/AN/AN/A
NVNI
NVNI GROUP LTD
N/A$1.47$5.00241.06%Strong Buy1N/AN/AN/AN/A
AISP
AIRSHIP AI HOLDINGS INC
$123.67M$5.34N/AN/AN/AN/AN/AN/AN/AN/A
LEDS
SEMILEDS CORP
$10.48M$1.46N/AN/AN/AN/AN/AN/AN/AN/A
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
$20.73B$98.72$94.50-4.27%Buy1417.86%N/A-153.18%40.78%
AUUD
AUDDIA INC
$4.02M$1.44N/AN/AN/AN/AN/AN/AN/AN/A
ENV
ENVESTNET INC
$3.69B$66.87$62.33-6.78%Buy67.83%N/AN/AN/A
MINM
MINIM INC
$11.45M$3.86N/AN/AN/AN/AN/AN/AN/AN/A
ISDR
ISSUER DIRECT CORP
$38.67M$10.13N/AN/AN/AN/AN/AN/AN/AN/A
UPLD
UPLAND SOFTWARE INC
$76.71M$2.78$3.7534.89%Hold2-5.81%N/AN/AN/A
UIS
UNISYS CORP
$360.68M$5.21N/AN/AN/AN/A0.99%N/AN/AN/A
NATL
NCR ATLEOS CORP
$1.91B$26.44$28.005.90%Buy2N/AN/AN/AN/A
ZPTA
ZAPATA COMPUTING HOLDINGS INC
$31.98M$1.00N/AN/AN/AN/AN/AN/AN/AN/A
TCX
TUCOWS INC
$212.33M$19.39N/AN/AN/AN/AN/AN/AN/AN/A
LDTC
LEDDARTECH HOLDINGS INC
$66.17M$2.30$7.00204.35%Strong Buy1-29.13%N/AN/AN/A
KNW
KNOW LABS INC
$59.69M$0.70$1.0043.27%Buy1N/AN/AN/AN/A
COMM
COMMSCOPE HOLDING COMPANY INC
$244.12M$1.15$1.00-13.04%Sell15.38%N/AN/AN/A
GCTS
GCT SEMICONDUCTOR HOLDING INC
$253.31M$5.52N/AN/AN/AN/AN/AN/AN/AN/A
BTDR
BITDEER TECHNOLOGIES GROUP
$650.01M$5.66$14.42154.72%Strong Buy6N/AN/AN/AN/A
CAUD
COLLECTIVE AUDIENCE INC
$6.32M$0.48N/AN/AN/AN/AN/AN/AN/AN/A
MFI
MF INTERNATIONAL LTD
N/A$1.24N/AN/AN/AN/AN/AN/AN/AN/A
XBP
XBP EUROPE HOLDINGS INC
$99.25M$3.29N/AN/AN/AN/AN/AN/AN/AN/A
SMXT
SOLARMAX TECHNOLOGY INC
$560.94M$12.47N/AN/AN/AN/AN/AN/AN/AN/A
WISA
WISA TECHNOLOGIES INC
$5.86M$3.50N/AN/AN/AN/AN/AN/AN/AN/A
RXT
RACKSPACE TECHNOLOGY INC
$483.52M$2.16$2.358.80%Hold50.15%N/AN/AN/A
BNZI
BANZAI INTERNATIONAL INC
$6.88M$0.32$3.00843.40%Buy1N/AN/AN/AN/A
ASNS
ACTELIS NETWORKS INC
$1.83M$0.55N/AN/AN/AN/AN/AN/AN/AN/A
RDZN
ROADZEN INC
$225.85M$3.30N/AN/AN/AN/AN/AN/AN/AN/A
GETR
GETAROUND INC
$19.27M$0.21N/AN/AN/AN/A6.50%N/AN/AN/A
HUBC
HUB CYBER SECURITY LTD
$7.09M$0.80N/AN/AN/AN/AN/AN/AN/AN/A
ASTI
ASCENT SOLAR TECHNOLOGIES INC
$3.38M$0.11N/AN/AN/AN/AN/AN/AN/AN/A
AWIN
AERWINS TECHNOLOGIES INC
$5.81M$6.28N/AN/AN/AN/AN/AN/AN/AN/A
INTZ
INTRUSION INC
$9.32M$1.90$46.252,334.21%Buy2N/AN/AN/AN/A
OPTX
SYNTEC OPTICS HOLDINGS INC
$19.40M$3.16N/AN/AN/AN/AN/AN/AN/AN/A
KSPI
JOINT STOCK CO KASPIKZ
$22.08B$116.22$147.6727.06%Strong Buy3N/AN/AN/AN/A
AILE
ILEARNINGENGINES INC
$58.17M$7.09$18.00153.88%Strong Buy1N/AN/AN/AN/A
MOBX
MOBIX LABS INC
$75.58M$2.78N/AN/AN/AN/AN/AN/AN/AN/A
VVPR
VIVOPOWER INTERNATIONAL PLC
$8.74M$3.39N/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.