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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
ALGM
ALLEGRO MICROSYSTEMS INC
$5.81B$1.08B$315.07M$221.79M$1.1519.21%N/A45.57%N/A2024-05-09
INFY
INFOSYS LTD
$70.28B$18.21B$4.68B$2.98B$0.7111.65%10.73%1.43%5.24%
GLOB
GLOBANT SA
$7.79B$2.10B$361.66M$158.54M$3.7217.73%32.04%4.79%20.74%2024-05-16
SOTK
SONO TEK CORP
$69.91M$18.59M$2.28M$1.35M$0.0713.35%9.95%0.00%N/A2024-05-23
CPAY
CORPAY INC
$21.83B$3.76B$2.01B$981.89M$13.429.65%9.08%6.34%7.98%2024-06-06
ANSS
ANSYS INC
$29.04B$2.27B$795.30M$500.41M$5.769.90%11.90%-4.32%2.91%2024-06-07
APP
APPLOVIN CORP
$25.25B$3.28B$1.15B$354.94M$1.0116.54%N/AN/AN/A2024-06-06
FORM
FORMFACTOR INC
$3.47B$663.10M$134.53M$82.39M$1.06-11.34%4.60%63.08%-5.68%2024-05-17
EXTR
EXTREME NETWORKS INC
$1.49B$1.35B$159.24M$80.22M$0.6114.09%5.44%60.53%N/A2024-05-01
AVT
AVNET INC
$4.53B$25.61B$1.30B$669.88M$7.35-2.73%5.08%-18.42%N/A2024-05-01
HPQ
HP INC
$27.46B$53.11B$4.51B$3.43B$3.46-11.05%-1.97%36.22%5.56%2024-05-28
SHOP
SHOPIFY INC
$91.77B$7.06B$255.00M$132.00M$0.1026.07%45.75%N/AN/A2024-06-04
CLMB
CLIMB GLOBAL SOLUTIONS INC
$304.93M$352.01M$19.02M$12.32M$2.7215.66%14.17%-3.20%28.38%2024-06-13
LRCX
LAM RESEARCH CORP
$121.32B$14.32B$4.28B$3.46B$25.99-24.84%5.66%-30.34%7.35%
DTST
DATA STORAGE CORP
$35.50M$24.96M$1.76M$381.58k$0.064.56%22.94%N/AN/A2024-05-13
NXPI
NXP SEMICONDUCTORS NV
$62.24B$13.28B$4.74B$2.80B$10.830.54%7.13%1.79%9.82%2024-06-11
AKAM
AKAMAI TECHNOLOGIES INC
$15.41B$3.81B$1.24B$547.63M$3.595.40%7.03%9.12%15.06%2024-05-10
WDAY
WORKDAY INC
$66.27B$7.26B$734.00M$1.38B$5.2816.78%20.80%N/AN/A2024-06-18
DSGX
DESCARTES SYSTEMS GROUP INC
$8.02B$572.93M$218.49M$115.91M$1.3617.88%15.80%12.40%27.10%2024-05-29
PUBM
PUBMATIC INC
$1.16B$267.01M$61.42M$8.88M$0.174.15%21.88%-69.09%N/A2024-05-30
MCHP
MICROCHIP TECHNOLOGY INC
$50.58B$8.54B$4.06B$2.36B$4.346.10%11.21%15.43%44.04%2024-05-06
SRAD
SPORTRADAR GROUP AG
$2.85B$953.94M$322.99M$37.67M$0.1325.53%N/A209.30%N/A2024-05-15
MLAB
MESA LABORATORIES INC
$556.61M$212.87M$38.93M$948.00k$0.17-4.27%15.50%N/A-42.57%2024-05-24
VRNT
VERINT SYSTEMS INC
$1.93B$910.39M$142.07M$17.81M$0.280.90%-5.84%N/A-22.78%2024-06-21
ADBE
ADOBE INC
$213.95B$19.94B$7.22B$4.80B$10.5210.76%15.85%3.44%13.93%2024-06-13
MPWR
MONOLITHIC POWER SYSTEMS INC
$32.95B$1.82B$546.01M$427.37M$8.981.50%25.61%-4.16%29.25%2024-06-14
MNDO
MIND CTI LTD
$37.63M$21.61M$5.72M$5.17M$0.260.28%3.57%0.00%-0.75%2024-05-08
ASML
ASML HOLDING NV
$361.52B$28.07B$9.88B$7.64B$19.417.04%18.05%3.74%24.12%
HCKT
HACKETT GROUP INC
$605.76M$296.59M$52.68M$34.15M$1.260.97%0.74%-3.08%9.24%2024-05-07
CINT
CI&T INC
$524.21M$444.03M$90.25M$26.36M$0.1910.90%N/A46.32%N/A2024-05-24
NICE
NICE LTD
$14.18B$2.38B$602.59M$338.30M$5.329.00%10.48%27.58%15.40%2024-05-09
DAKT
DAKTRONICS INC
$429.10M$812.07M$82.04M$53.50M$1.1714.94%6.96%N/A52.90%
CHKP
CHECK POINT SOFTWARE TECHNOLOGIES LTD
$16.98B$2.45B$1.03B$840.10M$7.303.99%4.80%10.44%6.90%
UI
UBIQUITI INC
$6.55B$1.88B$545.34M$372.12M$6.164.69%11.07%7.13%6.39%2024-05-03
IMMR
IMMERSION CORP
$227.93M$33.92M$43.31M$33.98M$1.05-11.81%-21.11%14.13%-10.02%2024-05-08
NVDA
NVIDIA CORP
$2.19T$60.92B$35.58B$29.76B$12.05125.85%39.06%584.66%47.91%2024-06-21
FN
FABRINET
$6.37B$2.72B$320.80M$254.34M$6.999.81%13.28%9.22%20.08%2024-05-06
STNE
STONECO LTD
$5.05B$2.37B$1.34B$312.78M$1.0036.56%43.49%N/A25.55%2024-05-15
TDY
TELEDYNE TECHNOLOGIES INC
$17.75B$5.64B$1.35B$885.70M$18.803.24%14.20%11.57%15.07%
LFUS
LITTELFUSE INC
$5.77B$2.36B$505.89M$259.49M$10.44-6.02%6.57%-30.82%9.54%2024-06-05
CPSH
CPS TECHNOLOGIES CORP
$25.70M$27.55M$2.22M$1.37M$0.093.62%5.01%-40.00%N/A2024-05-02
ITRI
ITRON INC
$4.36B$2.17B$206.56M$96.92M$2.1321.06%-1.77%N/AN/A2024-05-09
ARW
ARROW ELECTRONICS INC
$6.92B$33.11B$1.67B$903.51M$16.03-10.82%2.21%-27.17%14.37%2024-05-07
CLS
CELESTICA INC
$5.17B$8.33B$621.60M$321.60M$2.6910.79%4.88%122.31%16.01%
AMD
ADVANCED MICRO DEVICES INC
$254.32B$22.68B$4.17B$854.00M$0.53-3.90%28.49%-37.65%9.28%2024-05-08
INTU
INTUIT INC
$178.22B$15.09B$4.46B$2.77B$9.8810.30%19.12%43.81%13.18%2024-05-21
TEL
TE CONNECTIVITY LTD
$42.94B$15.83B$3.50B$3.42B$11.00-3.80%2.71%64.92%6.16%2024-06-12
EGAN
EGAIN CORP
$195.02M$95.64M$10.05M$7.01M$0.23-2.18%8.12%N/A26.86%2024-05-09
QLYS
QUALYS INC
$6.30B$554.46M$205.64M$151.60M$4.1113.22%14.73%46.26%22.83%2024-06-12
SPSC
SPS COMMERCE INC
$6.63B$560.62M$121.39M$68.54M$1.8718.89%16.97%16.88%19.11%2024-05-16
INTT
INTEST CORP
$142.08M$123.30M$16.41M$9.34M$0.825.54%9.43%3.80%23.11%2024-06-20
VSH
VISHAY INTERTECHNOLOGY INC
$3.11B$3.40B$675.21M$323.82M$2.32-2.73%2.31%-22.41%-0.59%2024-05-21
SNPS
SYNOPSYS INC
$82.93B$6.13B$1.85B$1.41B$9.2418.52%14.09%49.51%18.53%2024-05-22
KLAC
KLA CORP
$95.09B$9.60B$3.73B$2.61B$19.21-9.68%16.99%-22.07%17.88%
NTAP
NETAPP INC
$20.91B$6.18B$1.50B$940.00M$4.49-4.33%-0.05%-23.77%1.88%2024-06-11
TSRI
TSR INC
$16.60M$88.82M$2.78M$1.91M$0.89-13.50%6.73%32.84%N/A
ATEN
A10 NETWORKS INC
$1.01B$251.70M$53.14M$39.97M$0.54-10.22%1.62%-12.90%N/A2024-05-09
JBL
JABIL INC
$14.26B$32.09B$2.91B$1.51B$11.85-8.65%6.17%68.32%60.00%2024-06-13
RELY
REMITLY GLOBAL INC
$3.40B$944.29M-$96.47M-$117.84M-$0.6544.48%N/AN/AN/A2024-06-12
APPF
APPFOLIO INC
$8.79B$671.78M$96.57M$76.48M$2.1433.64%26.81%N/A30.29%2024-06-14
SAIC
SCIENCE APPLICATIONS INTERNATIONAL CORP
$6.69B$7.44B$882.00M$477.00M$8.98-3.37%9.83%65.68%23.23%2024-06-05
ALKT
ALKAMI TECHNOLOGY INC
$2.37B$264.83M-$44.85M-$62.91M-$0.6729.65%N/AN/AN/A2024-05-15
FLEX
FLEX LTD
$12.20B$29.39B$1.43B$753.00M$1.71-1.12%2.17%-5.00%46.90%2024-05-01
SOL
EMEREN GROUP LTD
$106.38M$86.34MN/A-$2.95MN/A47.74%N/AN/AN/A2024-05-29
VSAT
VIASAT INC
$2.01B$3.80B$1.35B$228.20M$7.7952.19%14.27%N/AN/A2024-05-15
BHE
BENCHMARK ELECTRONICS INC
$1.12B$2.84B$158.51M$64.32M$1.81-1.64%2.04%-6.70%29.87%2024-05-22
ROP
ROPER TECHNOLOGIES INC
$56.38B$6.18B$1.96B$1.38B$12.9815.00%3.54%-69.76%7.24%2024-06-12
TXN
TEXAS INSTRUMENTS INC
$161.59B$16.80B$8.49B$5.91B$6.47-13.85%1.51%-28.19%2.82%
MTLS
MATERIALISE NV
$309.51M$288.41M$34.64M$7.61M$0.139.50%6.42%490.91%17.93%
GFS
GLOBALFOUNDRIES INC
$26.76B$7.39B$2.53B$1.02B$1.85-8.83%3.59%-31.23%N/A2024-05-21
DCBO
DOCEBO INC
$1.36B$180.84M-$750.00k$2.84M$0.0926.54%46.20%-57.14%N/A2024-06-11
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
$16.15M$44.18M$2.96M$2.01M$0.356.43%6.23%52.17%4.56%2024-05-30
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
$717.28B$69.69B$49.14B$27.46B$5.30-4.61%15.85%-14.29%18.49%
BOX
BOX INC
$3.88B$1.04B$101.99M$99.15M$0.694.73%11.27%1,050.00%N/A2024-06-26
PLXS
PLEXUS CORP
$2.77B$4.10B$251.30M$126.12M$4.570.27%6.71%-19.26%2.29%
SURG
SURGEPAYS INC
$65.40M$137.14M$20.06M$20.62M$1.4512.83%55.17%N/AN/A2024-05-09
OTEX
OPEN TEXT CORP
$9.71B$5.70B$1.53B$127.40M$0.4761.16%14.91%-60.17%-13.67%2024-05-02
VZIO
VIZIO HOLDING CORP
$2.13B$1.68B$45.50M$28.20M$0.14-9.81%-1.16%N/AN/A2024-06-07
AVNW
AVIAT NETWORKS INC
$426.11M$357.26M$29.33M$15.12M$1.3110.31%7.38%7.38%N/A2024-05-01
TIXT
TELUS INTERNATIONAL (CDA) INC
$2.27B$2.71B$527.00M$54.00M$0.209.72%62.02%-71.01%-4.36%2024-05-17
CGNX
COGNEX CORP
$6.97B$837.55M$157.23M$113.23M$0.66-16.75%0.76%-46.77%-12.27%2024-05-02
WEX
WEX INC
$9.07B$2.59B$874.90M$264.40M$6.225.88%11.23%85.67%15.24%2024-05-09
LSPD
LIGHTSPEED COMMERCE INC
$2.05B$863.28M-$133.66M-$205.89M-$1.3524.60%N/AN/AN/A2024-05-16
CRWD
CROWDSTRIKE HOLDINGS INC
$73.55B$3.06B$305.97M$89.33M$0.3736.33%65.00%N/AN/A2024-06-20
CAMT
CAMTEK LTD
$3.69B$315.38M$71.20M$78.63M$1.76-1.72%20.69%-2.76%27.62%2024-05-09
ACN
ACCENTURE PLC
$206.59B$64.57B$11.50B$7.03B$11.162.26%8.85%1.45%9.78%2024-06-20
PLTR
PALANTIR TECHNOLOGIES INC
$49.83B$2.23B$313.38M$209.83M$0.1016.75%30.17%N/AN/A2024-06-05
AAPL
APPLE INC
$2.61T$385.71B$132.82B$100.91B$6.46-0.47%8.07%9.12%16.08%2024-05-02
ALRM
ALARMCOM HOLDINGS INC
$3.29B$881.68M$144.87M$81.04M$1.634.64%15.96%44.25%29.36%2024-06-05
PCTY
PAYLOCITY HOLDING CORP
$8.85B$1.29B$298.68M$167.50M$3.0029.07%25.34%73.41%24.33%2024-06-06
IPGP
IPG PHOTONICS CORP
$4.08B$1.29B$302.76M$218.88M$4.64-9.94%-2.48%113.82%-9.28%2024-05-22
PAYC
PAYCOM SOFTWARE INC
$10.87B$1.69B$588.27M$340.79M$5.9123.16%24.49%21.60%20.05%2024-05-01
JNPR
JUNIPER NETWORKS INC
$11.28B$5.34B$395.40M$224.00M$0.71-2.96%3.18%-54.19%-15.21%2024-06-04
CLFD
CLEARFIELD INC
$433.99M$217.01M$24.60M$13.01M$0.81-29.02%21.82%-78.91%19.67%2024-05-02
MTSI
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC
$7.33B$625.45M$159.17M$74.58M$1.05-10.09%1.17%-77.75%N/A2024-05-02
NVTS
NAVITAS SEMICONDUCTOR CORP
$799.47M$79.46M-$122.93M-$145.43M-$0.86109.41%N/AN/AN/A2024-05-09
OSIS
OSI SYSTEMS INC
$2.30B$1.37B$205.59M$113.62M$6.7414.80%3.99%11.40%27.89%2024-05-22
FLYW
FLYWIRE CORP
$2.55B$403.09M$11.78M-$8.57M-$0.0739.30%N/AN/AN/A2024-06-04
VICR
VICOR CORP
$1.53B$405.06M$77.48M$53.60M$1.211.50%6.82%108.62%8.63%
CDNS
CADENCE DESIGN SYSTEMS INC
$76.85B$4.08B$1.46B$1.05B$3.8810.75%13.16%22.40%22.10%2024-05-02

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.
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