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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
SVRE
SAVERONE 2014 LTD
$8.96M$2.72M-$32.09M-$33.84M-$5.40128.00%N/AN/AN/A
UEIC
UNIVERSAL ELECTRONICS INC
$162.81M$403.98M-$13.27M-$45.52M-$3.52-22.12%-10.40%N/AN/A2024-06-11
QTWO
Q2 HOLDINGS INC
$3.74B$637.12M$3.66M-$78.71M-$1.358.98%19.86%N/AN/A
INVE
IDENTIV INC
$96.80M$112.88M-$3.81M-$7.33M-$0.36-0.85%6.83%N/AN/A
AMST
AMESITE INC
$9.00M$262.04k-$3.60M-$4.17M-$1.32-70.21%N/AN/AN/A2024-05-13
MIND
MIND TECHNOLOGY INC
$6.28M$36.51M$3.13M-$3.51M-$2.5045.97%-3.19%N/AN/A2024-06-11
CCCS
CCC INTELLIGENT SOLUTIONS HOLDINGS INC
$6.53B$888.70M$107.49M-$96.40M-$0.1611.01%N/AN/AN/A2024-05-23
ZFOX
ZEROFOX HOLDINGS INC
$142.32M$233.30M-$298.73M-$356.31M-$2.8877.58%N/AN/AN/A2024-06-04
ASYS
AMTECH SYSTEMS INC
$73.46M$108.80M-$15.52M-$21.43M-$1.511.54%2.60%N/AN/A
BNAI
BRAND ENGAGEMENT NETWORK INC
$48.28M$35.21k-$11.04M-$11.73M-$0.15125.10%N/AN/AN/A
ELWS
EARLYWORKS CO LTD
$8.83M$440.88k-$2.28M-$2.25M-$0.16-77.83%N/AN/AN/A
SGE
STRONG GLOBAL ENTERTAINMENT INC
$15.44M$42.62M-$345.00k-$1.91M-$0.289.40%N/AN/AN/A
ONTF
ON24 INC
$266.26M$158.37M-$36.75M-$44.90M-$1.04-14.60%N/AN/AN/A
BCAN
BYND CANNASOFT ENTERPRISES INC
$1.16M$1.08M-$18.37M-$18.50M-$91.20-4.11%N/AN/AN/A
CAN
CANAAN INC
$242.37M$211.48M-$403.37M-$414.15M-$2.41-67.54%-11.62%N/AN/A2024-05-17
BLIN
BRIDGELINE DIGITAL INC
$13.33M$15.56M-$8.32M-$9.98M-$0.96-6.37%5.37%N/AN/A2024-05-13
PSFE
PAYSAFE LTD
$936.90M$1.60B$444.82M-$20.25M-$0.337.02%7.02%N/AN/A2024-05-23
MNDR
MOBILE-HEALTH NETWORK SOLUTIONS
N/A$7.87M-$3.01M-$3.21M-$29.6712.68%N/AN/AN/A
VRAR
GLIMPSE GROUP INC
$19.15M$11.76M-$23.68M-$25.35M-$1.802.67%N/AN/AN/A2024-05-13
EGHT
8X8 INC
$319.66M$733.82M-$2.37M-$53.43M-$0.44-0.94%16.76%N/AN/A
TTMI
TTM TECHNOLOGIES INC
$1.87B$2.26B$174.34M-$2.44M-$0.02-8.14%1.36%N/AN/A
DATS
DATCHAT INC
$5.09M$672.00-$8.32M-$8.40M-$4.14-98.55%N/AN/AN/A
GB
GLOBAL BLUE GROUP HOLDING AG
$1.00B$434.24M$148.99M$22.97M$0.1159.85%N/AN/A-2.03%2024-06-05
OLB
OLB GROUP INC
$8.43M$30.57M-$16.30M-$23.30M-$6.500.67%27.65%N/AN/A2024-05-13
AFRM
AFFIRM HOLDINGS INC
$9.77B$2.11B-$531.73M-$678.58M-$2.2340.05%N/AN/AN/A
JUNE
JUNEE LTD
N/A$6.14M$202.59k$38.68k$0.00-36.17%N/AN/AN/A
VECO
VEECO INSTRUMENTS INC
$2.15B$687.42M$22.02M-$17.26M-$0.366.87%7.32%N/AN/A
DPSI
DECISIONPOINT SYSTEMS INC
$76.88M$115.59M$7.75M$2.49M$0.3318.66%26.88%-23.26%-17.04%2024-05-13
SPT
SPROUT SOCIAL INC
$1.59B$355.22M-$55.87M-$69.75M-$1.2530.78%N/AN/AN/A
EXTR
EXTREME NETWORKS INC
$1.40B$1.22B$65.16M-$6.33M-$0.06-0.19%3.69%N/AN/A
UCTT
ULTRA CLEAN HOLDINGS INC
$1.98B$1.78B$95.60M-$37.10M-$0.83-20.71%11.30%N/AN/A
SYNX
SILYNXCOM LTD
$12.12M$7.63M-$2.58M-$2.82M-$0.895.08%N/AN/AN/A
LPTH
LIGHTPATH TECHNOLOGIES INC
$55.88M$32.78M-$2.32M-$6.46M-$0.181.93%-0.19%N/AN/A
WLDS
WEARABLE DEVICES LTD
$6.65M$82.00k-$8.12M-$7.81M-$0.4882.22%N/AN/AN/A
U
UNITY SOFTWARE INC
$8.48B$2.15B-$315.89M-$860.05M-$2.2536.66%N/AN/AN/A
SSNT
SILVERSUN TECHNOLOGIES INC
$76.28M$55.82M-$323.12k-$1.21M-$0.2218.55%7.69%N/AN/A
FARO
FARO TECHNOLOGIES INC
$363.95M$358.11M-$23.07M-$42.68M-$2.241.14%-2.40%N/AN/A2024-06-13
QMCO
QUANTUM CORP
$51.80M$407.47M-$14.29M-$38.30M-$0.407.00%-1.10%N/AN/A2024-06-27
COHU
COHU INC
$1.39B$564.57M$65.05M-$2.16M-$0.06-28.93%2.28%N/AN/A2024-06-05
XTKG
X3 HOLDINGS CO LTD
$215.56M$16.82M-$104.02M-$109.60M-$3.5660.50%-6.19%N/AN/A
MODN
MODEL N INC
$1.17B$256.31M$21.47M$262.00k$0.008.56%11.87%N/AN/A
CRNC
CERENCE INC
$223.51M$348.58M-$196.24M-$282.13M-$6.7816.49%N/AN/AN/A
MRIN
MARIN SOFTWARE INC
$7.92M$17.18M-$15.56M-$18.55M-$6.26-11.64%-21.24%N/AN/A
GWRE
GUIDEWIRE SOFTWARE INC
$9.71B$925.75M-$43.82M-$50.73M-$0.626.42%4.83%N/AN/A2024-05-30
PRCH
PORCH GROUP INC
$308.47M$458.38M-$42.98M-$108.56M-$1.1352.92%N/AN/AN/A
LYFT
LYFT INC
$6.93B$4.68B-$26.14M-$184.21M-$0.4710.90%13.04%N/AN/A2024-06-13
PRTH
PRIORITY TECHNOLOGY HOLDINGS INC
$291.44M$776.30M$159.87M-$45.30M-$0.5811.63%17.41%N/AN/A2024-05-22
WRAP
WRAP TECHNOLOGIES INC
$65.88M$9.13M-$14.38M-$15.55M-$0.3832.04%445.50%N/AN/A2024-05-17
VLD
VELO3D INC
$57.84M$77.44M-$116.11M-$135.14M-$0.68-1.60%N/AN/AN/A2024-06-10
SVCO
SILVACO GROUP INC
N/A$54.25M$1.74M-$316.00k-$0.0216.72%N/AN/AN/A
OCC
OPTICAL CABLE CORP
$23.48M$68.74M$2.04M-$168.76k-$0.02-5.73%-4.61%N/AN/A2024-06-10
RUN
SUNRUN INC
$2.50B$2.13B-$145.67M-$1.45B-$6.66-11.90%21.31%N/AN/A
KULR
KULR TECHNOLOGY GROUP INC
$79.00M$9.83M-$20.51M-$23.69M-$0.20146.08%50.48%N/AN/A2024-05-15
DTSS
DATASEA INC
$19.09M$23.68M-$7.74M-$8.71M-$4.77213.21%587.95%N/AN/A
PWSC
POWERSCHOOL HOLDINGS INC
$3.69B$723.16M$178.24M-$38.84M-$0.2312.90%N/AN/AN/A
TTEC
TTEC HOLDINGS INC
$345.74M$2.41B$186.93M-$12.52M-$0.26-3.30%9.50%N/AN/A
DZSI
DZS INC
$52.97M$389.46M-$34.42M-$51.52M-$1.7612.49%8.88%N/AN/A
APPS
DIGITAL TURBINE INC
$219.35M$572.38M-$91.88M-$197.65M-$1.97-19.38%42.52%N/AN/A2024-05-22
WK
WORKIVA INC
$4.51B$655.52M-$23.28M-$93.06M-$1.7217.39%20.84%N/AN/A
KD
KYNDRYL HOLDINGS INC
$6.27B$16.46B$953.00M-$1.03B-$4.54-4.33%-5.46%N/AN/A
PRO
PROS HOLDINGS INC
$1.45B$311.21M-$37.64M-$48.71M-$1.0510.04%8.68%N/AN/A
MSAI
MULTISENSOR AI HOLDINGS INC
$30.25M$5.43M-$21.12M-$22.27M-$3.56-25.29%N/AN/AN/A
DGHI
DIGIHOST TECHNOLOGY INC
$38.76M$26.11M-$6.80M-$21.89M-$0.777.95%N/AN/AN/A2024-05-14
COMP
COMPASS INC
$1.93B$4.98B-$209.50M-$303.80M-$0.62-10.69%N/AN/AN/A
CMTL
COMTECH TELECOMMUNICATIONS CORP
$48.41M$571.27M$11.15M-$48.35M-$1.7011.15%-2.25%N/AN/A2024-06-06
NOVT
NOVANTA INC
$5.79B$893.45M$156.48M$69.29M$1.932.01%7.42%-6.31%3.56%2024-06-05
MLNK
MERIDIANLINK INC
$1.28B$304.30M$79.53M-$42.18M-$0.534.06%N/AN/AN/A
SNPO
SNAP ONE HOLDINGS CORP
$812.04M$1.06B$101.84M-$29.75M-$0.38-3.95%N/AN/AN/A
BAND
BANDWIDTH INC
$583.64M$634.31M$16.83M-$29.19M-$1.139.43%25.42%N/AN/A2024-05-23
COHR
COHERENT CORP
$8.19B$4.60B$532.28M-$414.57M-$2.87-5.03%28.34%N/AN/A2024-05-14
WTO
UTIME LTD
$4.15M$21.82M-$10.24M-$11.68M-$0.95-48.64%N/AN/AN/A
IFBD
INFOBIRD CO LTD
$125.91k$2.93MN/A-$12.10M-$1.07k-43.24%N/AN/AN/A
VOXX
VOXX INTERNATIONAL CORP
$134.23M$497.35M-$12.83M-$39.14M-$1.63-11.40%1.50%N/AN/A2024-05-14
LPSN
LIVEPERSON INC
$50.78M$379.47M-$63.15M-$118.65M-$1.44-22.91%8.02%N/AN/A
CYN
CYNGN INC
$10.76M$622.03k-$22.21M-$23.15M-$0.49-45.19%N/AN/AN/A
SANG
SANGOMA TECHNOLOGIES CORP
$144.97M$182.50M$9.32M-$22.32M-$0.67-0.57%N/AN/AN/A
MICS
SINGING MACHINE CO INC
$6.08M$32.58M-$5.97M-$9.38M-$2.40-15.92%-7.53%N/AN/A
STER
STERLING CHECK CORP
$1.49B$726.37M$95.02M-$8.66M-$0.10-3.68%N/AN/AN/A2024-05-22
CSLR
COMPLETE SOLARIA INC
$28.92M$87.62M-$253.67M-$269.56M-$4.9431.80%N/AN/AN/A
PRST
PRESTO AUTOMATION INC
$13.41M$21.20M-$48.24M-$66.42M-$1.31-30.61%N/AN/AN/A2024-05-16
BCOV
BRIGHTCOVE INC
$84.26M$202.61M$9.81M-$9.60M-$0.22-1.98%4.13%N/AN/A
CXAI
CXAPP INC
$54.00MN/AN/AN/AN/AN/AN/AN/AN/A
RBT
RUBICON TECHNOLOGIES INC
$12.72M$697.58M-$15.31M-$56.94M-$2.503.29%N/AN/AN/A
FEBO
FENBO HOLDINGS LTD
$147.79M$15.19M$802.68k-$186.48k-$0.02-0.39%N/AN/AN/A
CORZ
CORE SCIENTIFIC INC
$647.13M$561.04M$171.47M-$35.41M$0.26-1.30%N/AN/AN/A
RDDT
REDDIT INC
$8.75BN/AN/AN/AN/AN/AN/AN/AN/A
FAAS
DIGIASIA CORP
$477.26M$77.77M-$10.40M-$15.31M-$50.68-100.00%N/AN/AN/A
TGL
TREASURE GLOBAL INC
$5.85M$53.59M-$8.88M-$9.37M-$33.60-26.93%N/AN/AN/A
NUKK
NUKKLEUS INC
$1.56M$0.00-$220.77k-$220.77k-$0.18N/AN/AN/AN/A
EMKR
EMCORE CORP
$8.12M$96.89M-$64.58M-$69.35M-$12.30320.13%2.51%N/AN/A
MOGO
MOGO INC
$43.15M$49.10M$2.88M-$10.67M-$0.421.02%2.87%N/AN/A
SMTC
SEMTECH CORP
$2.56B$868.76M-$861.25M-$1.09B-$17.0314.83%6.73%N/AN/A2024-06-10
MKSI
MKS INSTRUMENTS INC
$8.77B$3.70B-$1.09B-$1.78B-$26.672.67%13.24%N/AN/A
KC
KINGSOFT CLOUD HOLDINGS LTD
$823.50M$974.75M-$142.36M-$301.02M-$1.27-15.30%25.36%N/AN/A2024-05-22
SGN
SIGNING DAY SPORTS INC
$4.50M$307.58k-$4.44M-$5.48M-$0.41292.64%N/AN/AN/A
FRGT
FREIGHT TECHNOLOGIES INC
$1.41M$17.06M-$8.01M-$9.33M-$7.79-34.10%3.45%N/AN/A
RYDE
RYDE GROUP LTD
$148.13M$6.37M-$8.93M-$9.43M-$0.74-0.30%N/AN/AN/A
AISP
AIRSHIP AI HOLDINGS INC
$120.89M$12.30M$17.30M$16.37M$1.20-15.46%N/AN/AN/A
ETWO
E2OPEN PARENT HOLDINGS INC
$1.51B$634.55M-$827.79M-$1.07B-$3.52-2.71%15.77%N/AN/A2024-07-05
APCX
APPTECH PAYMENTS CORP
$23.40M$504.00k-$17.48M-$19.28M-$1.0112.00%14.71%N/AN/A2024-05-29

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+0.94%+2.38%+4.97%-3.62%8.89x2.76x+42.43%+8.81%+16.09%+15.76%Buy
38+0.99%+4.57%-3.72%+144.22%34.85x13.47x-25.70%+10.59%+17.93%+17.31%Buy
18-1.26%-2.40%+2.40%-5.14%27.80x22.19x+143.10%+28.08%+54.28%+22.95%Buy
44+0.26%+4.42%+6.64%+20.40%20.88x3.76x+20.88%+9.60%+15.07%+6.49%Buy
10+0.45%+3.72%-1.09%+36.02%14.67x1.41x+11.28%+3.61%+11.73%-0.27%Hold
66+0.35%+1.11%-2.11%+18.35%27.25x4.52x+24.38%+8.06%+16.35%+16.92%Buy
33-0.58%+1.46%+4.10%+7.02%13.06x3.25x+8.78%+6.48%+9.41%+6.97%Buy
29+1.18%+2.77%+0.30%+53.29%37.65x11.84x+50.98%+18.24%+30.78%+9.03%Buy
69+0.54%+2.47%+1.80%+44.45%64.08x8.15x+52.21%+30.11%+33.88%+13.45%Strong Buy
251-0.35%+1.24%-3.57%+26.47%34.74x6.45x+5.51%+4.43%+7.63%+19.58%Buy
138-0.18%+0.61%-3.03%+15.17%43.43x11.42x+26.59%+15.24%+24.60%+21.16%Buy
23-3.17%-5.79%-8.40%-48.94%23.90x2.51x+11.55%+7.43%+11.54%+36.55%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 15.1% over the past year, underperforming other tech stocks by -10 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 49.91% from Rambus's current stock price of $56.70.

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.

2. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the second best tech stock with a Zen Score of 67, which is 38 points higher than the tech sector average of 29. It passed 24 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 32.64% over the past year, overperforming other tech stocks by 7 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, an upside of 10.7% from Logitech International Sa's current stock price of $84.76.

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.

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 -21.02% over the past year, underperforming other tech stocks by -47 percentage points.

Epam Systems has an average 1 year price target of $291.38, an upside of 58.87% from Epam Systems's current stock price of $183.40.

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 4.57%. 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. 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 4.57%. 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. Clearone (NASDAQ:CLRO)


Clearone (NASDAQ:CLRO) has an annual dividend yield of 165.2%, which is 161 percentage points higher than the tech sector average of 4.57%. 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 0.1% in the last day, and up 1.69% over the last week. Inseego was the among the top gainers in the technology sector, gaining 30.99% yesterday.

Inseego shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates.

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 -9.86% in the past year. It has underperformed other stocks in the tech sector by -35 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 -21.93% in the past year. It has underperformed other stocks in the tech sector by -47 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 -14.95% in the past year. It has underperformed other stocks in the tech sector by -40 percentage points.

Are tech stocks a good buy now?

41.07% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 16.34% 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 43.12x.
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.