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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
Performance Score
Market Cap
Revenue
EBITDA
Earnings
EPS
Revenue Growth Y/Y
Revenue Growth 5Y
Earnings Growth Y/Y
Earnings Growth 5Y
Earnings Date
FSLR
FIRST SOLAR INC
$18.04B$3.32B$1.21B$830.78M$7.7826.70%8.14%N/A41.33%2024-04-25
RMBS
RAMBUS INC
$6.67B$461.12M$237.08M$333.90M$3.091.39%14.81%N/AN/A2024-04-29
AEHR
AEHR TEST SYSTEMS
$357.73M$81.53M$21.18M$21.01M$0.7333.53%26.36%58.70%N/A2024-04-09
EXLS
EXLSERVICE HOLDINGS INC
$5.27B$1.63B$321.74M$184.56M$1.1115.48%13.05%29.07%27.46%2024-04-25
LOGI
LOGITECH INTERNATIONAL SA
$13.84B$4.25B$621.79M$486.02M$3.10-11.68%9.03%17.42%15.47%2024-04-29
PRFT
PERFICIENT INC
$1.97B$906.54M$166.44M$98.93M$2.910.16%12.71%-5.52%30.80%2024-04-30
DV
DOUBLEVERIFY HOLDINGS INC
$6.02B$572.54M$144.56M$71.47M$0.4326.55%40.57%65.38%84.71%2024-05-08
ACLS
AXCELIS TECHNOLOGIES INC
$3.64B$1.13B$297.02M$246.26M$7.5222.89%20.63%35.74%39.57%2024-05-01
DLO
DLOCAL LTD
$4.27B$650.35M$307.45M$148.96M$0.5155.24%N/A37.84%N/A2024-04-02
EPAM
EPAM SYSTEMS INC
$15.97B$4.69B$669.29M$417.08M$7.21-2.78%20.54%-1.50%9.98%
OLED
UNIVERSAL DISPLAY CORP
$7.98B$576.43M$288.57M$203.01M$4.25-6.52%18.43%-3.63%27.94%2024-05-01
AGYS
AGILYSYS INC
$2.31B$228.14M$25.15M$85.65M$3.3318.99%10.85%674.42%N/A2024-05-14
GCT
GIGACLOUD TECHNOLOGY INC
$1.09B$703.83M$121.59M$94.11M$2.3143.62%N/A285.00%N/A2024-05-22
QCOM
QUALCOMM INC
$188.94B$36.29B$10.47B$7.76B$6.96-15.52%11.12%-33.59%35.39%2024-05-01
MSFT
MICROSOFT CORP
$3.13T$227.58B$120.93B$82.54B$11.1011.51%13.95%23.06%20.61%2024-04-23
CSCO
CISCO SYSTEMS INC
$202.09B$57.23B$18.18B$13.44B$3.317.66%2.40%20.80%3.78%2024-05-15
ELTK
ELTEK LTD
$67.07M$46.70M$8.61M$6.35M$1.0817.77%6.59%96.36%N/A2024-05-16
YMM
FULL TRUCK ALLIANCE CO LTD
$7.61B$1.17BN/A$307.35M$0.2823.16%N/A394.74%N/A2024-05-20
ANET
ARISTA NETWORKS INC
$90.66B$5.86B$2.51B$2.09B$6.7533.75%22.19%53.06%43.82%2024-04-29
RDVT
RED VIOLET INC
$273.00M$60.20M$10.86M$13.53M$0.9712.91%29.86%2,325.00%N/A2024-05-07
G
GENPACT LTD
$5.96B$4.48B$754.15M$631.26M$3.462.42%8.33%80.21%18.51%2024-05-08
ODD
ODDITY TECH LTD
$2.47B$508.69M$82.92M$58.53M$1.0656.75%N/A158.54%N/A2024-05-29
HLIT
HARMONIC INC
$1.50B$607.91M$34.09M$83.99M$0.75-2.73%8.54%177.78%N/A2024-05-06
ADI
ANALOG DEVICES INC
$98.09B$11.57B$5.56B$2.82B$5.63-8.03%13.29%-15.59%5.93%2024-05-22
LYTS
LSI INDUSTRIES INC
$439.54M$473.55M$46.44M$27.02M$0.94-4.03%7.06%20.51%N/A2024-04-25
RELL
RICHARDSON ELECTRONICS LTD
$131.50M$225.91M$12.86M$9.89M$0.71-9.78%5.53%-58.48%31.58%2024-04-03
FI
FISERV INC
$94.36B$19.09B$7.92B$3.07B$5.027.65%26.81%27.41%11.37%2024-04-23
TER
TERADYNE INC
$17.27B$2.68B$640.26M$448.75M$2.91-15.17%4.96%-35.62%3.84%2024-04-24
HKD
AMTD DIGITAL INC
$649.00M$33.07M$49.41M$41.74M$0.2230.85%N/A36.59%N/A
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
$36.49B$19.35B$3.39B$2.13B$4.21-0.39%3.72%-4.75%3.12%2024-05-01
ON
ON SEMICONDUCTOR CORP
$31.43B$8.25B$3.22B$2.19B$5.07-0.88%7.02%15.49%27.92%2024-04-29
UMC
UNITED MICROELECTRONICS CORP
$20.23B$7.93B$4.33B$2.51B$1.04-3.00%10.61%9.68%44.68%2024-04-24
CSIQ
CANADIAN SOLAR INC
$1.30B$7.61BN/A$274.19M$4.191.94%15.25%12.33%0.83%2024-05-16
PLAB
PHOTRONICS INC
$1.79B$897.32M$292.96M$137.68M$2.256.09%10.83%25.00%30.26%2024-05-22
KLIC
KULICKE & SOFFA INDUSTRIES INC
$2.83B$737.45M$96.78M$51.85M$0.91-39.50%-2.40%-82.93%-13.96%2024-05-01
GRMN
GARMIN LTD
$28.55B$5.23B$1.38B$1.29B$6.747.57%9.33%33.20%12.87%2024-05-01
KARO
KAROOOOO LTD
$775.63M$209.97MN/A$35.03M$1.139.74%N/A11.55%N/A2024-05-06
YALA
YALLA GROUP LTD
$767.95M$318.88MN/A$117.34M$0.745.03%49.73%42.31%N/A2024-05-13
TAIT
TAITRON COMPONENTS INC
$19.63M$6.92M$2.41M$1.77M$0.30-22.34%-1.73%-50.00%16.47%2024-05-15
ITRN
ITURAN LOCATION & CONTROL LTD
$558.05M$319.98M$84.11M$48.14M$2.409.18%4.78%31.87%-3.58%2024-05-22
ACMR
ACM RESEARCH INC
$1.78B$557.72M$111.07M$77.35M$1.2943.44%49.52%95.45%55.92%2024-05-03
PANW
PALO ALTO NETWORKS INC
$91.80B$7.53B$1.21B$2.28B$7.2022.28%23.75%5,900.00%N/A2024-05-21
JKS
JINKOSOLAR HOLDING CO LTD
$1.32B$16.48BN/A$478.81M$9.2240.35%35.80%421.44%43.71%2024-04-26
MPTI
M-TRON INDUSTRIES INC
$83.88M$41.17M$5.19M$3.49M$1.2929.28%N/A92.54%N/A2024-05-29
TSEM
TOWER SEMICONDUCTOR LTD
$3.71B$1.42B$811.30M$518.49M$4.70-15.20%1.76%94.21%28.34%2024-04-18
MRAM
EVERSPIN TECHNOLOGIES INC
$168.11M$63.77M$10.30M$9.05M$0.446.30%5.23%46.67%N/A2024-05-01
DOX
AMDOCS LTD
$10.53B$4.95B$865.94M$559.01M$4.716.21%4.29%5.37%14.44%2024-05-08
IMXI
INTERNATIONAL MONEY EXPRESS INC
$770.11M$658.74M$116.20M$59.52M$1.6720.47%19.19%9.87%N/A2024-05-02
ARRY
ARRAY TECHNOLOGIES INC
$2.26B$1.58B$261.65M$85.55M$0.57-3.72%40.23%N/AN/A2024-05-07
CDW
CDW CORP
$34.33B$21.38B$1.95B$1.10B$8.20-9.99%5.65%-0.49%13.99%2024-05-01
ITRI
ITRON INC
$4.22B$2.17B$206.56M$96.92M$2.1321.06%-1.77%N/AN/A2024-05-02
SCSC
SCANSOURCE INC
$1.11B$3.59B$163.31M$88.19M$3.53-4.51%2.18%-4.08%10.22%2024-05-07
IBEX
IBEX LTD
$271.14M$513.10M$76.09M$38.91M$2.15-1.18%N/A51.41%N/A2024-05-15
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
$15.91B$5.50B$2.00B$607.10M$2.454.16%9.97%-4.30%40.98%2024-04-25
FORM
FORMFACTOR INC
$3.54B$663.10M$134.53M$82.39M$1.06-11.34%4.60%63.08%-5.68%2024-05-01
PAGS
PAGSEGURO DIGITAL LTD
$4.71B$3.23B$1.34B$334.75M$1.0412.97%24.00%21.26%7.41%2024-05-23
TASK
TASKUS INC
$1.03B$924.37M$157.49M$45.69M$0.49-3.76%N/A19.51%N/A2024-05-08
ZI
ZOOMINFO TECHNOLOGIES INC
$6.09B$1.24B$514.60M$107.30M$0.2712.89%53.74%68.75%N/A2024-04-29
SIMO
SILICON MOTION TECHNOLOGY CORP
$2.54B$945.92M$231.58M$172.51M$5.202.58%12.57%-9.09%19.66%2024-05-02
CLRO
CLEARONE INC
$43.85M$18.57M$30.06M$20.83M$0.88-34.58%-9.27%N/AN/A2024-05-14
ENPH
ENPHASE ENERGY INC
$16.42B$2.29B$596.69M$438.94M$3.22-1.72%48.60%9.52%N/A2024-04-23
KEYS
KEYSIGHT TECHNOLOGIES INC
$27.30B$5.34B$1.56B$969.00M$5.48-3.77%5.71%-14.91%41.09%2024-05-14
AMSWA
AMERICAN SOFTWARE INC
$380.37M$110.31M$18.73M$12.07M$0.36-8.57%-0.27%16.13%12.47%
DAVA
ENDAVA PLC
$2.22B$968.73MN/A$86.24M$1.487.06%24.20%-25.95%24.51%2024-05-20
CRCT
CRICUT INC
$1.03B$765.15M$115.13M$53.64M$0.25-13.67%17.63%-10.71%0.82%2024-05-07
FFIV
F5 INC
$11.15B$2.81B$715.72M$460.93M$7.723.55%5.15%54.40%-1.13%2024-04-17
FTNT
FORTINET INC
$52.12B$5.30B$1.43B$1.15B$1.4720.09%24.07%36.11%29.99%2024-05-02
ADSK
AUTODESK INC
$55.71B$5.35B$1.23B$917.00M$4.299.15%17.51%50.00%N/A2024-05-23
PAYS
PAYSIGN INC
$193.86M$47.27M$6.79M$6.46M$0.1224.30%15.08%500.00%14.87%2024-05-08
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
$24.13B$6.32B$1.25B$683.80M$5.818.37%7.92%27.69%8.92%2024-04-30
ASGN
ASGN INC
$4.87B$4.45B$464.40M$219.30M$4.54-2.85%5.53%-14.34%8.50%2024-04-24
ALGM
ALLEGRO MICROSYSTEMS INC
$5.21B$1.08B$315.07M$221.79M$1.1519.21%N/A45.57%N/A2024-05-08
ASML
ASML HOLDING NV
$381.80B$29.63B$10.72B$8.43B$21.4135.94%19.47%47.06%25.84%2024-04-17
HPE
HEWLETT PACKARD ENTERPRISE CO
$23.05B$28.08B$4.93B$1.91B$1.48-4.30%-1.79%124.24%26.33%2024-05-28
DSWL
DESWELL INDUSTRIES INC
$35.62M$70.63M$7.93M$6.18M$0.39-22.07%1.46%79.07%3.13%
SWKS
SKYWORKS SOLUTIONS INC
$17.36B$4.64B$1.59B$904.70M$5.68-12.44%4.16%-22.83%-2.02%2024-05-06
ZM
ZOOM VIDEO COMMUNICATIONS INC
$20.11B$4.53B$957.83M$637.46M$2.123.06%68.78%505.71%N/A2024-05-20
SPSC
SPS COMMERCE INC
$6.84B$536.91M$120.31M$65.82M$1.8019.08%16.68%17.65%21.14%2024-04-24
LSCC
LATTICE SEMICONDUCTOR CORP
$10.76B$737.15M$254.01M$259.06M$1.8811.63%13.07%44.62%N/A2024-04-29
FTV
FORTIVE CORP
$30.23B$6.07B$1.57B$865.80M$2.464.11%9.80%16.04%-21.65%2024-04-24
SPNS
SAPIENS INTERNATIONAL CORP N V
$1.79B$514.58M$99.88M$62.44M$1.138.39%12.18%18.95%32.19%2024-05-01
WNS
WNS (HOLDINGS) LTD
$2.39B$1.30BN/A$163.99M$3.457.72%10.19%19.79%11.52%2024-04-25
SMCI
SUPER MICRO COMPUTER INC
$56.49B$9.25B$907.53M$732.38M$13.7139.22%19.99%24.30%53.67%2024-04-30
AVGO
BROADCOM INC
$614.22B$38.87B$19.94B$11.63B$27.8112.94%12.77%-9.24%12.29%
CIEN
CIENA CORP
$7.15B$4.37B$532.24M$228.13M$1.5513.60%6.24%27.05%6.91%
GDYN
GRID DYNAMICS HOLDINGS INC
$933.72M$312.91M$16.96M-$1.77M-$0.020.78%27.78%N/AN/A2024-05-02
PLXS
PLEXUS CORP
$2.62B$4.10B$251.30M$126.12M$4.570.27%6.71%-19.26%2.29%2024-04-24
TSRI
TSR INC
$16.94M$93.37M$2.50M$1.58M$0.74-9.18%7.71%21.31%89.86%2024-04-09
BELFA
BEL FUSE INC
$903.30M$639.81M$99.46M$73.83M$5.52-2.20%3.14%37.66%27.79%2024-04-10
VSAT
VIASAT INC
$2.27B$3.80B$1.35B$228.20M$7.7952.19%14.27%N/AN/A2024-05-15
SANM
SANMINA CORP
$3.47B$8.45B$517.50M$275.02M$4.78-0.76%2.28%2.80%27.84%2024-05-09
TEL
TE CONNECTIVITY LTD
$44.85B$16.02B$3.37B$3.32B$10.61-1.72%2.74%51.14%5.13%2024-04-24
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
$562.18M$535.05M$71.07M$37.03M$0.75-5.60%13.48%-8.54%13.97%2024-04-29
CHKP
CHECK POINT SOFTWARE TECHNOLOGIES LTD
$18.70B$2.41B$1.02B$840.30M$7.193.64%4.73%12.87%6.53%2024-04-29
TTD
TRADE DESK INC
$42.74B$1.95B$328.86M$178.94M$0.3723.34%32.46%236.36%12.21%2024-05-08
IBM
INTERNATIONAL BUSINESS MACHINES CORP
$175.06B$61.86B$14.68B$7.50B$8.242.20%-4.92%355.25%-2.95%2024-04-24
AUDC
AUDIOCODES LTD
$397.81M$244.38M$17.02M$8.78M$0.28-11.16%6.76%-68.54%-9.84%2024-05-07
DDOG
DATADOG INC
$41.02B$2.13B$137.38M$48.57M$0.1527.06%60.78%N/AN/A2024-05-02
NOW
SERVICENOW INC
$156.29B$8.97B$1.57B$1.73B$8.4823.82%28.02%426.71%N/A2024-04-24
AMD
ADVANCED MICRO DEVICES INC
$291.63B$22.68B$4.17B$854.00M$0.53-3.90%28.49%-37.65%9.28%2024-04-30

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
66+0.19%+0.97%+6.13%-16.85%17.88x2.78x+68.44%+9.30%+17.93%+13.80%Buy
38-0.42%+1.54%+15.43%+178.99%41.47x14.35x-23.03%+10.00%+18.23%+0.26%Strong Buy
18-0.96%-1.29%-0.55%+3.03%24.50x21.00x+149.48%+28.19%+53.00%+21.60%Buy
44+0.04%+0.20%+0.90%+12.51%27.50x3.59x+19.48%+9.14%+13.49%+8.55%Buy
10-0.20%+2.62%+6.26%+26.94%13.64x1.35x+12.37%+3.98%+12.74%+2.22%Hold
65+0.14%-0.26%-2.06%+20.11%25.43x4.88x+25.64%+8.04%+16.41%+6.35%Buy
33+0.59%+1.17%+3.06%+11.18%-6.86x3.33x+8.81%+5.96%+8.82%+3.21%Buy
29+0.03%-1.31%+3.99%+56.08%39.18x12.11x+56.34%+19.31%+32.62%+1.78%Buy
69+0.92%+0.46%+5.30%+41.42%66.81x8.25x+51.72%+29.80%+33.60%+9.35%Strong Buy
248-1.40%+0.50%+6.36%+37.68%101.29x6.92x+7.36%+4.58%+7.44%+5.43%Buy
139+0.21%-1.31%-2.16%+23.58%89.41x12.26x-38.48%+15.17%+24.32%+12.83%Buy
23+0.43%+5.41%+3.57%-49.58%28.16x2.72x+15.13%+8.41%+12.78%+31.19%Buy

Tech Stocks FAQ

What are the best tech stocks to buy right now in Mar 2024?

According to Zen Score, the 3 best technology stocks to buy right now are:

1. First Solar (NASDAQ:FSLR)


First Solar (NASDAQ:FSLR) is the top tech stock with a Zen Score of 70, which is 40 points higher than the tech sector average of 30. It passed 23 out of 33 due diligence checks and has strong fundamentals. First Solar has seen its stock lose -19.62% over the past year, underperforming other tech stocks by -49 percentage points.

First Solar has an average 1 year price target of $222.86, an upside of 32.02% from First Solar's current stock price of $168.80.

First Solar stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 14 analysts covering First Solar, 57.14% have issued a Strong Buy rating, 28.57% have issued a Buy, 14.29% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Rambus (NASDAQ:RMBS)


Rambus (NASDAQ:RMBS) is the second best tech stock with a Zen Score of 67, which is 37 points higher than the tech sector average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 42.12% over the past year, overperforming other tech stocks by 13 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 37.52% from Rambus's current stock price of $61.81.

Rambus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 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.

3. Aehr Test Systems (NASDAQ:AEHR)


Aehr Test Systems (NASDAQ:AEHR) is the third best tech stock with a Zen Score of 65, which is 35 points higher than the tech sector average of 30. It passed 21 out of 33 due diligence checks and has strong fundamentals. Aehr Test Systems has seen its stock lose -64.95% over the past year, underperforming other tech stocks by -95 percentage points.

Aehr Test Systems has an average 1 year price target of $12.00, a downside of -3.23% from Aehr Test Systems's current stock price of $12.40.

Aehr Test Systems stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Aehr Test Systems, 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.

What are the tech stocks with highest dividends?

Out of 121 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 315.56%, which is 310 percentage points higher than the tech sector average of 5.85%. 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 high dividend yield might not be sustainable for the long-term.

2. Wisekey International Holding Sa (NASDAQ:WKEY)


Wisekey International Holding Sa (NASDAQ:WKEY) has an annual dividend yield of 112.45%, which is 107 percentage points higher than the tech sector average of 5.85%.

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.

3. Clearone (NASDAQ:CLRO)


Clearone (NASDAQ:CLRO) has an annual dividend yield of 54.64%, which is 49 percentage points higher than the tech sector average of 5.85%. Clearone's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Clearone's dividend has shown consistent growth over the last 10 years.

Clearone's dividend payout ratio of 113.6% indicates that its high dividend yield might not be sustainable for the long-term.

Why are tech stocks down?

Tech stocks were down -0.27% in the last day, and up 0.11% over the last week. Data Storage was the among the top losers in the technology sector, dropping -25.13% yesterday.

Data Storage shares are trading lower after the company reported worse-than-expected Q4 revenue results.

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 75 points higher than the tech sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -10.59% in the past year. It has underperformed other stocks in the tech sector by -40 percentage points.

2. Eltek (NASDAQ:ELTK)


Eltek (NASDAQ:ELTK) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Eltek has a valuation score of 100, which is 75 points higher than the tech sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 170.32% in the past year. It has overperformed other stocks in the tech sector by 141 percentage points.

3. Akamai Technologies (NASDAQ:AKAM)


Akamai Technologies (NASDAQ:AKAM) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Akamai Technologies has a valuation score of 86, which is 61 points higher than the tech sector average of 25. It passed 6 out of 7 valuation due diligence checks.

Akamai Technologies's stock has gained 42.02% in the past year. It has overperformed other stocks in the tech sector by 12 percentage points.

Are tech stocks a good buy now?

40.26% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 7.42% 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 64x.
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