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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
ALLT
ALLOT LTD
$80.59M$93.15M-$56.80M-$62.80M-$1.66-24.11%-0.57%N/AN/A2024-05-29
AIRG
AIRGAIN INC
$57.66M$53.83M-$8.50M-$12.03M-$1.15-28.06%-2.92%N/AN/A
ALAR
ALARUM TECHNOLOGIES LTD
$156.31M$26.52M-$5.45M-$5.53M-$1.4042.97%78.44%N/AN/A2024-05-21
FTFT
FUTURE FINTECH GROUP INC
$15.71M$34.87M-$33.32M-$33.65M-$2.2846.00%108.32%N/AN/A2024-05-20
AWRE
AWARE INC
$40.91M$18.36M-$6.02M-$6.73M-$0.3317.53%1.61%N/AN/A
BTDR
BITDEER TECHNOLOGIES GROUP
$610.22M$368.55M$24.57M-$56.66M-$0.5110.56%N/AN/AN/A
CLPS
CLPS INC
$24.46M$145.37MN/A-$2.56M-$0.10-4.90%20.37%N/AN/A
DUOT
DUOS TECHNOLOGIES GROUP INC
$19.21M$5.90M-$10.93M-$11.85M-$1.65-63.63%-17.31%N/AN/A
WATT
ENERGOUS CORP
$9.18M$474.18k-$19.18M-$19.37M-$4.15-44.30%-1.63%N/AN/A
REKR
REKOR SYSTEMS INC
$139.93M$34.93M-$33.44M-$45.69M-$0.7275.37%11.74%N/AN/A2024-05-15
SOUN
SOUNDHOUND AI INC
$1.82B$50.76M-$60.85M-$94.70M-$0.3851.31%N/AN/AN/A2024-06-12
RPAY
REPAY HOLDINGS CORP
$1.05B$302.81M$9.53M-$89.31M-$1.005.80%27.70%N/AN/A
BIGC
BIGCOMMERCE HOLDINGS INC
$595.01M$318.00M-$32.91M-$48.94M-$0.6411.66%N/AN/AN/A
WRNT
WARRANTEE INC
$6.95M$1.66M$422.57k$281.16k$0.01-0.35%N/AN/AN/A
SKYT
SKYWATER TECHNOLOGY INC
$367.44M$300.22M$4.70M-$32.21M-$0.7030.02%N/AN/AN/A
MTEK
MARIS TECH LTD
$11.50M$4.03M-$2.87M-$2.71M-$0.3460.93%N/AN/AN/A
BOXL
BOXLIGHT CORP
$5.92M$172.62M-$20.97M-$44.59M-$4.67-18.71%36.19%N/AN/A2024-05-22
KOPN
KOPIN CORP
$90.24M$40.39M-$18.98M-$19.75M-$0.18-14.78%10.55%N/AN/A2024-06-06
BL
BLACKLINE INC
$3.58B$608.47M$140.53M$75.67M$1.2512.33%20.39%N/AN/A
SELX
SEMILUX INTERNATIONAL LTD
$110.64M$4.09M$1.31M-$471.70k-$0.0354.05%N/AN/AN/A
OUST
OUSTER INC
$562.60M$91.99M-$192.38M-$220.68M-$5.3485.09%N/AN/AN/A2024-06-21
CTM
CASTELLUM INC
$15.33M$45.24M-$13.28M-$17.92M-$0.387.24%N/AN/AN/A
FTCI
FTC SOLAR INC
$62.74M$98.70M-$46.00M-$47.30M-$0.39-13.73%N/AN/AN/A2024-06-06
TYL
TYLER TECHNOLOGIES INC
$20.43B$1.99B$415.93M$189.21M$4.506.77%15.69%20.97%4.80%
PD
PAGERDUTY INC
$1.92B$430.70M-$44.11M-$81.76M-$0.8916.16%29.60%N/AN/A2024-05-30
MAPS
WM TECHNOLOGY INC
$164.30M$195.87M$93.75M-$111.41M-$1.31-11.14%N/AN/AN/A2024-06-20
NOTE
FISCALNOTE HOLDINGS INC
$198.88M$133.23M-$10.30M-$45.59M-$0.3411.75%N/AN/AN/A
IDAI
T STAMP INC
$7.71M$4.56M-$6.61M-$7.64M-$1.07-15.32%40.44%N/AN/A
GVP
GSE SYSTEMS INC
$10.01M$45.04M-$5.76M-$8.72M-$3.51-5.64%-13.36%N/AN/A2024-06-11
NTCT
NETSCOUT SYSTEMS INC
$1.45B$834.11M-$24.39M-$118.54M-$1.67-7.08%-1.73%N/AN/A
WOLF
WOLFSPEED INC
$2.98B$842.30M-$620.20M-$802.60M-$6.407.40%-5.10%N/AN/A
OBLG
OBLONG INC
$2.23M$3.40M-$3.93M-$5.44M-$0.55-31.79%-21.88%N/AN/A
GBTG
GLOBAL BUSINESS TRAVEL GROUP INC
$2.77B$2.32B$281.00M-$80.00M-$0.4311.69%N/AN/AN/A
HOLO
MICROCLOUD HOLOGRAM INC
$11.88M$28.27M-$10.87M-$11.30M-$5.22-58.99%N/AN/AN/A
SONO
SONOS INC
$2.12B$1.54B$22.12M-$43.57M-$0.33-7.26%5.38%N/AN/A
EVCM
EVERCOMMERCE INC
$1.87B$684.35M$104.31M-$41.17M-$0.217.21%N/AN/AN/A2024-06-20
QRVO
QORVO INC
$9.50B$3.46B$237.63M-$211.47M-$2.08-15.64%2.40%N/AN/A2024-06-11
SCWX
SECUREWORKS CORP
$556.21M$365.88M-$78.05M-$86.04M-$1.00-21.06%-6.74%N/AN/A2024-06-06
GSIT
GSI TECHNOLOGY INC
$74.62M$22.00M-$17.82M-$19.73M-$0.79-33.43%-15.14%N/AN/A
MXL
MAXLINEAR INC
$1.55B$540.09M-$83.06M-$154.99M-$1.90-51.11%8.52%N/AN/A2024-05-23
VERX
VERTEX INC
$4.92B$596.42M$72.00M$7.72M$0.0517.08%N/AN/AN/A2024-06-12
BKTI
BK TECHNOLOGIES CORP
$45.75M$73.60M$2.07M-$279.00k-$0.0816.67%10.21%N/AN/A
SOBR
SOBR SAFE INC
$4.60M$157.29k-$8.97M-$10.21M-$0.56345.31%N/AN/AN/A2024-06-03
MU
MICRON TECHNOLOGY INC
$136.21B$18.31B$4.06B-$3.77B-$3.44-20.60%-9.39%N/AN/A2024-05-30
BMTX
BM TECHNOLOGIES INC
$20.51M$55.25M-$5.46M-$17.33M-$1.50-33.91%N/AN/AN/A2024-06-20
ZBRA
ZEBRA TECHNOLOGIES CORP
$16.25B$4.35B$579.00M$261.00M$5.07-24.33%0.22%-35.82%-8.63%2024-05-14
ZENV
ZENVIA INC
$93.53M$155.90M-$27.35M-$39.05M-$0.956.69%N/AN/AN/A
BLND
BLEND LABS INC
$706.66M$154.46M-$99.79M-$139.98M-$0.58-23.16%N/AN/AN/A
NTNX
NUTANIX INC
$16.03B$2.02B$61.81M-$67.31M-$0.2918.12%10.21%N/AN/A2024-05-29
AUID
AUTHID INC
$73.71M$190.29k-$18.03M-$19.40M-$3.15-63.92%-45.14%N/AN/A2024-05-15
PGY
PAGAYA TECHNOLOGIES LTD
$846.55M$870.69M-$52.86M-$88.69M-$1.3913.81%N/AN/AN/A2024-05-14
FOUR
SHIFT4 PAYMENTS INC
$5.75B$2.73B$358.80M$92.00M$1.5127.42%N/A-13.71%N/A
PSFE
PAYSAFE LTD
$967.14M$1.63B$457.64M-$13.39M-$0.227.56%N/AN/AN/A2024-05-23
AUR
AURORA INNOVATION INC
$4.69B$0.00-$717.00M-$765.00M-$0.54-100.00%N/AN/AN/A2024-05-23
OSS
ONE STOP SYSTEMS INC
$49.57M$56.77M-$5.48M-$7.66M-$0.36-21.32%7.27%N/AN/A
SMWB
SIMILARWEB LTD
$581.46M$224.25M-$7.11M-$20.27M-$0.2611.18%N/AN/AN/A
AKTS
AKOUSTIS TECHNOLOGIES INC
$41.34M$29.86M-$61.66M-$76.91M-$1.0024.47%95.30%N/AN/A
YEXT
YEXT INC
$683.02M$404.32M$24.74M-$2.63M-$0.020.87%12.11%N/AN/A2024-06-12
LINK
INTERLINK ELECTRONICS INC
$44.52M$13.79M-$242.00k-$1.33M-$0.1457.02%4.92%N/AN/A
SEDG
SOLAREDGE TECHNOLOGIES INC
$2.99B$2.24B-$219.77M-$261.36M-$4.59-34.19%17.49%N/AN/A
CETX
CEMTREX INC
$296.63k$64.28M$2.32M-$4.13M-$4.3835.08%N/AN/AN/A2024-05-14
WALD
WALDENCAST PLC
$987.01M$218.14M-$15.83M-$89.98M-$0.99195.74%N/AN/AN/A2024-05-29
PRSO
PERASO INC
$3.35M$13.75M-$12.96M-$16.80M-$26.00-7.53%-3.70%N/AN/A
SILC
SILICOM LTD
$108.54M$101.32MN/A-$33.38M-$5.02-34.93%-5.50%N/AN/A
DDD
3D SYSTEMS CORP
$497.71M$505.95M-$60.69M-$95.57M-$0.73-9.03%-5.86%N/AN/A2024-05-15
GRND
GRINDR INC
$1.75B$279.23M$25.71M-$32.28M-$0.1834.70%N/AN/AN/A
CGNT
COGNYTE SOFTWARE LTD
$545.25M$313.40M-$3.35M-$15.57M-$0.220.43%-6.28%N/AN/A2024-06-13
IMTE
INTEGRATED MEDIA TECHNOLOGY LTD
$4.42M$565.32k-$6.85M-$7.28M-$0.04334.78%-21.98%N/AN/A
ATOM
ATOMERA INC
$124.76M$568.00k-$17.98M-$19.59M-$0.788,014.29%12.37%N/AN/A
SPWR
SUNPOWER CORP
$482.24M$1.83B-$44.23M-$119.78M-$0.6815.00%-1.00%N/AN/A
PERF
PERFECT CORP
$239.34M$55.65MN/A$5.35M$0.0517.39%N/AN/AN/A
MVIS
MICROVISION INC
$258.32M$7.43M-$81.79M-$90.13M-$0.47578.19%-15.52%N/AN/A
RMNI
RIMINI STREET INC
$209.75M$432.73M$47.40M$21.74M$0.243.71%10.77%N/AN/A
INSG
INSEEGO CORP
$60.01M$189.90M-$12.47M-$48.59M-$4.16-19.10%-1.45%N/AN/A
BLKB
BLACKBAUD INC
$3.99B$1.12B$191.88M$21.77M$0.415.66%5.47%N/A-6.05%2024-06-12
KPLT
KATAPULT HOLDINGS INC
$69.91M$221.59M$108.21M-$36.67M-$8.975.77%38.71%N/AN/A2024-05-15
AMPL
AMPLITUDE INC
$1.09B$282.43M-$74.46M-$85.51M-$0.7212.31%N/AN/AN/A
MNY
MONEYHERO LTD
$75.53M$80.67M-$146.34M-$172.60M-$17.9218.40%N/AN/AN/A
FIS
FIDELITY NATIONAL INFORMATION SERVICES INC
$42.14B$11.21B-$3.03B-$6.07B-$10.241.41%5.91%N/AN/A
JAMF
JAMF HOLDING CORP
$2.62B$580.48M-$53.17M-$106.41M-$0.8515.47%N/AN/AN/A2024-05-30
ADEA
ADEIA INC
$1.21B$354.89M$201.45M$39.25M$0.37-15.04%-2.23%N/A19.79%
NOVA
SUNNOVA ENERGY INTERNATIONAL INC
$518.24M$719.86M$119.44M-$406.84M-$3.4010.13%45.26%N/AN/A2024-05-15
DOMO
DOMO INC
$279.53M$318.99M-$63.37M-$75.57M-$2.103.35%17.49%N/AN/A2024-06-11
WDC
WESTERN DIGITAL CORP
$23.17B$11.91B-$482.00M-$1.62B-$5.05-15.97%-7.98%N/AN/A2024-06-04
MYNA
MYNARIC AG
$133.55M$4.86M-$72.36M-$81.08M-$3.7375.79%N/AN/AN/A2024-05-14
PDYN
PALLADYNE AI CORP
$35.11M$7.29M-$98.01M-$101.35M-$3.95-54.78%N/AN/AN/A2024-06-12
ASX
ASE TECHNOLOGY HOLDING CO LTD
$9.05B$17.93BN/A$969.91M$1.13-15.32%7.31%-45.04%2.78%2024-05-24
QBTS
D-WAVE QUANTUM INC
$234.64M$9.64M-$72.93M-$75.62M-$0.5336.85%N/AN/AN/A
PXLW
PIXELWORKS INC
$104.90M$59.68M-$21.53M-$26.18M-$0.47-14.92%-4.86%N/AN/A
ERIC
ERICSSON LM TELEPHONE CO
$17.92B$25.77B-$1.91B-$2.59B-$0.780.06%2.18%N/AN/A2024-07-12
AIXI
XIAO-I CORP
$77.45M$59.17M-$19.04M-$26.46M-$0.3722.79%N/AN/AN/A
UPBD
UPBOUND GROUP INC
$1.81B$4.07B$1.59B-$24.82M-$0.44-0.72%8.90%N/AN/A2024-06-04
SVRE
SAVERONE 2014 LTD
$9.32M$2.72M-$32.09M-$33.84M-$5.40128.00%N/AN/AN/A
QTWO
Q2 HOLDINGS INC
$3.70B$637.12M$3.66M-$78.71M-$1.358.98%19.86%N/AN/A
BNAI
BRAND ENGAGEMENT NETWORK INC
$46.95M$35.21k-$11.04M-$11.73M-$0.15125.10%N/AN/AN/A
VUZI
VUZIX CORP
$86.73M$9.94M-$44.93M-$49.96M-$0.78-26.49%4.64%N/AN/A2024-06-13
ELWS
EARLYWORKS CO LTD
$8.98M$440.88k-$2.28M-$2.25M-$0.16-77.83%N/AN/AN/A
ONTF
ON24 INC
$270.45M$158.37M-$36.75M-$44.90M-$1.04-14.60%N/AN/AN/A
CAN
CANAAN INC
$231.50M$211.48M-$403.37M-$414.15M-$2.41-67.54%-11.62%N/AN/A2024-05-17
EGHT
8X8 INC
$330.77M$733.82M-$2.37M-$53.43M-$0.44-0.94%16.76%N/AN/A

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+0.27%+2.00%+9.38%-3.30%9.03x2.78x+40.72%+8.83%+16.10%+16.40%Buy
38-1.22%-0.76%-0.81%+139.24%34.55x13.35x-25.84%+10.57%+17.90%+18.78%Buy
18+2.16%-0.54%+4.70%-1.09%28.28x22.58x+143.13%+28.09%+54.29%+20.21%Buy
44-0.21%+2.59%+8.22%+19.37%21.07x3.76x+20.93%+9.65%+15.13%+6.72%Buy
10+0.01%+1.83%-1.00%+35.23%14.64x1.42x+11.26%+3.61%+11.73%-0.25%Hold
66+0.20%-0.85%+0.85%+16.88%27.08x4.53x+24.40%+8.07%+16.36%+16.50%Buy
33-0.78%-0.41%+5.25%+6.58%12.98x3.23x+9.09%+6.57%+9.48%+7.97%Buy
29-0.83%-0.13%+1.36%+47.39%37.17x11.70x+50.96%+18.23%+30.75%+10.81%Buy
69+0.60%+0.61%+5.00%+42.19%65.24x8.18x+52.24%+30.12%+33.88%+13.00%Buy
251+0.47%-0.08%+1.85%+27.52%9.12x6.45x+5.63%+4.44%+7.58%+18.99%Buy
137+0.49%-0.55%+1.12%+14.49%43.01x11.43x+25.93%+15.22%+24.57%+20.50%Buy
23+1.48%-4.96%+1.30%-51.56%24.08x2.55x+11.38%+7.34%+11.45%+34.12%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 72, which is 43 points higher than the tech sector average of 29. It passed 23 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 12.09% 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 43.43% from Rambus's current stock price of $56.94.

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. Epam Systems (NYSE:EPAM)


Epam Systems (NYSE:EPAM) 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 21 out of 33 due diligence checks and has strong fundamentals. Epam Systems has seen its stock lose -19.43% over the past year, underperforming other tech stocks by -44 percentage points.

Epam Systems has an average 1 year price target of $287.31, an upside of 50.65% from Epam Systems's current stock price of $190.72.

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.

3. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the third best tech stock with a Zen Score of 64, which is 35 points higher than the tech sector average of 29. It passed 23 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 35.25% over the past year, overperforming other tech stocks by 11 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, an upside of 8.65% from Logitech International Sa's current stock price of $86.36.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 6 analysts covering Logitech International Sa, 33.33% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a Hold, while 0% have issued a Sell rating, and 16.67% 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. 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 4.62%. 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.

2. 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 4.62%. 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.

3. Clearone (NASDAQ:CLRO)


Clearone (NASDAQ:CLRO) has an annual dividend yield of 167.6%, which is 163 percentage points higher than the tech sector average of 4.62%. 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.

Why are tech stocks up?

Tech stocks were up 0.2% in the last day, and down -0.01% over the last week. Koss was the among the top gainers in the technology sector, gaining 36.65% yesterday.

Shares of 'meme stocks' are trading higher after retail investor Roaring Kitty made a return to social media via a post on X.

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 -12.52% in the past year. It has underperformed other stocks in the tech sector by -37 percentage points.

2. Cricut (NASDAQ:CRCT)


Cricut (NASDAQ:CRCT) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Cricut 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.

Cricut's stock has dropped -13.51% in the past year. It has underperformed other stocks in the tech sector by -38 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 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 -11.35% in the past year. It has underperformed other stocks in the tech sector by -36 percentage points.

Are tech stocks a good buy now?

40.68% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 16.22% 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 40.29x.
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.