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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
RTC
BAIJIAYUN GROUP LTD
$118.42M$9.99MN/A-$4.71M-$0.03-10.04%-26.80%N/AN/A2024-05-28
RYDE
RYDE GROUP LTD
$147.75M$6.37M-$8.93M-$9.43M-$0.74-0.30%N/AN/AN/A
DXC
DXC TECHNOLOGY CO
$3.57B$13.87B$1.01B-$465.00M-$1.82-6.57%-8.01%N/AN/A2024-05-16
NUKK
NUKKLEUS INC
$1.51M$0.00-$220.77k-$220.77k-$0.18N/AN/AN/AN/A
DPSI
DECISIONPOINT SYSTEMS INC
$76.88M$115.59M$7.75M$2.49M$0.3318.66%26.88%-23.26%-17.04%
POET
POET TECHNOLOGIES INC
$92.62M$465.78k-$18.28M-$20.27M-$0.51-15.73%N/AN/AN/A2024-06-21
LKCO
LUOKUNG TECHNOLOGY CORP
$10.44M$36.98MN/A-$43.90M-$2.62-78.25%N/AN/AN/A
ALIT
ALIGHT INC
$4.18B$3.14B$159.00M-$391.00M-$0.774.84%N/AN/AN/A
UAVS
AGEAGLE AERIAL SYSTEMS INC
$7.75M$13.74M-$37.66M-$42.42M-$8.04-28.03%163.68%N/AN/A2024-06-17
SATS
ECHOSTAR CORP
$4.31B$20.59B$8.23M-$1.84B-$7.03-8.57%61.22%N/AN/A
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
$2.16M$22.62M-$3.78M-$1.91M-$1.3819.93%N/AN/AN/A
SQNS
SEQUANS COMMUNICATIONS
$30.72M$33.62M-$15.14M-$41.04MN/A-44.48%-3.54%N/AN/A
EGIO
EDGIO INC
$53.06M$379.92M-$105.37M-$153.43M-$28.8037.59%13.71%N/AN/A2024-06-29
EVBG
EVERBRIDGE INC
$1.44B$451.95M$16.55M-$52.73M-$1.292.77%23.18%N/AN/A2024-05-24
CISO
CISO GLOBAL INC
$10.40M$57.06M-$74.41M-$80.23M-$7.2222.58%97.31%N/AN/A2024-05-29
CLVT
CLARIVATE PLC
$4.16B$2.62B-$47.00M-$1.11B-$1.65-0.22%22.11%N/AN/A
SATX
SATIXFY COMMUNICATIONS LTD
$49.87M$11.74M-$16.22M-$29.72M-$0.377.12%N/AN/AN/A
XTIA
XTI AEROSPACE INC
$15.67M$4.56M-$38.24M-$45.95M-$76.42-25.32%3.96%N/AN/A
CAMP
CALAMP CORP
$6.53M$264.74M-$68.86M-$101.35M-$62.33-7.05%-6.67%N/AN/A2024-07-08
ARBB
ARB IOT GROUP LTD
$24.19M$245.76M$5.23M-$25.17M-$1.16-53.23%N/AN/AN/A
ALAB
ASTERA LABS INC
$10.94BN/AN/AN/AN/AN/AN/AN/AN/A
ZEPP
ZEPP HEALTH CORP
$52.02M$345.13M-$12.65M-$29.34M-$0.48-40.79%-7.78%N/AN/A2024-05-20
EZFL
EZFILL HOLDINGS INC
$12.06M$23.22M-$7.39M-$10.47M-$2.7954.32%N/AN/AN/A
VCSA
VACASA INC
$127.19M$1.07B-$274.91M-$360.59M-$28.34-10.60%N/AN/AN/A
WAVD
WAVEDANCER INC
$6.78M$7.98M-$1.63M-$2.03M-$1.04-27.59%-2.23%N/AN/A
RPD
RAPID7 INC
$2.31B$799.63M-$2.38M-$121.09M-$1.9712.49%24.93%N/AN/A
NTRP
NEXTTRIP INC
$1.94M$522.87k-$5.76M-$5.92M-$10.97-36.70%1.37%N/AN/A
UMAC
UNUSUAL MACHINES INC
$9.45M$0.00-$1.79M-$1.79M-$0.54N/AN/AN/AN/A
GETR
GETAROUND INC
$19.09M$78.32M-$106.17M-$122.11M-$1.3033.92%N/AN/AN/A
TURB
TURBO ENERGY SA
$12.89M$14.13M-$2.79M-$2.17M-$0.22-55.94%N/AN/AN/A
RMCO
ROYALTY MANAGEMENT HOLDING CORP
$13.30M$361.62k-$1.28M-$2.07M-$0.14109.41%N/AN/AN/A
OST
OSTIN TECHNOLOGY GROUP CO LTD
$5.97M$57.53M-$6.78M-$10.95M-$0.78-45.43%N/AN/AN/A
NATL
NCR ATLEOS CORP
$1.63B$4.19B$449.00M-$134.00M-$1.901.45%N/AN/AN/A
MRVL
MARVELL TECHNOLOGY INC
$59.77B$5.51B$830.00M-$933.40M-$1.08-6.96%13.96%N/AN/A2024-06-14
MRT
MARTI TECHNOLOGIES INC
$99.81M$20.03M-$17.00M-$33.82M-$0.67-19.84%N/AN/AN/A
KNW
KNOW LABS INC
$56.13M$0.00-$14.28M-$20.13M-$0.37-100.00%-100.00%N/AN/A2024-05-15
KVYO
KLAVIYO INC
$6.35BN/AN/AN/AN/AN/AN/AN/AN/A
XRX
XEROX HOLDINGS CORP
$1.69B$6.67B-$17.00M-$201.00M-$1.46-6.72%-6.64%N/AN/A2024-05-22
SYNA
SYNAPTICS INC
$3.49B$939.30M$41.90M-$106.10M-$2.70-41.45%-9.71%N/AN/A
DBD
DIEBOLD NIXDORF INC
$1.59BN/AN/AN/AN/AN/AN/AN/AN/A
FCUV
FOCUS UNIVERSAL INC
$19.24M$1.05M-$4.51M-$4.72M-$0.08197.55%27.84%N/AN/A2024-05-17
DHX
DHI GROUP INC
$117.95M$149.28M$25.26M$1.52M$0.04-3.04%-0.83%-42.86%-18.32%
SLNH
SOLUNA HOLDINGS INC
$6.73M$21.07M-$13.91M-$29.20M-$27.79-26.21%21.18%N/AN/A
RBRK
RUBRIK INC
N/A$627.89M-$272.87M-$354.16M-$5.844.68%N/AN/AN/A
PEGY
PINEAPPLE ENERGY INC
$4.99M$70.79M$3.27M-$15.70M-$0.8243.42%13.97%N/AN/A
BNZI
BANZAI INTERNATIONAL INC
$6.30M$4.56M-$8.67M-$14.41M-$2.10-14.47%N/AN/AN/A
XELA
EXELA TECHNOLOGIES INC
$16.87M$1.06B$83.90M-$133.84M-$22.37-1.21%-7.67%N/AN/A2024-06-13
LPL
LG DISPLAY CO LTD
$2.81B$15.43B$1.70B-$1.98B-$2.76-20.58%-5.51%N/AN/A2024-05-21
ST
SENSATA TECHNOLOGIES HOLDING PLC
$6.42B$4.06B$494.06M-$14.31M-$0.090.27%2.99%N/AN/A2024-06-11
MRDB
MARIADB PLC
$34.42M$53.92M-$43.08M-$47.93M-$0.7217.75%N/AN/AN/A
NA
NANO LABS LTD
$36.08M$78.34M-$243.59M-$252.82M-$4.29-92.03%N/AN/AN/A
NVNI
NVNI GROUP LTD
N/A$24.96MN/A-$84.73M-$2.6845.93%N/AN/AN/A
JFU
9F INC
$35.32M$104.69MN/A-$85.07M-$7.28-30.12%N/AN/AN/A
LEDS
SEMILEDS CORP
$9.97M$5.67M-$1.82M-$2.79M-$0.56-9.41%-2.85%N/AN/A2024-05-16
ISDR
ISSUER DIRECT CORP
$37.60M$31.72M$5.52M$771.00k$0.2018.16%16.34%-41.18%0.00%2024-06-14
AUUD
AUDDIA INC
$3.71M$0.00-$5.64M-$8.81M-$12.93N/A-100.00%N/AN/A2024-05-29
ASTS
AST SPACEMOBILE INC
$573.54M$0.00-$34.09M-$87.56M-$1.07-100.00%N/AN/AN/A2024-05-15
MINM
MINIM INC
$12.07M$26.11M-$16.44M-$17.63M-$9.08-48.43%-4.18%N/AN/A2024-06-18
ENV
ENVESTNET INC
$3.62B$1.27B-$48.08M-$194.98M-$3.574.50%9.34%N/AN/A
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
$19.56B$6.27B$461.00M-$270.00M-$1.30-25.49%-10.41%N/AN/A
UPLD
UPLAND SOFTWARE INC
$80.85M$291.53M-$52.11M-$141.37M-$4.79-7.64%11.82%N/AN/A
TCX
TUCOWS INC
$197.33M$346.36M-$13.75M-$103.60M-$9.518.08%1.02%N/AN/A
COMM
COMMSCOPE HOLDING COMPANY INC
$218.64M$4.96B-$384.30M-$1.88B-$8.85-28.80%1.74%N/AN/A
XBP
XBP EUROPE HOLDINGS INC
$104.37M$121.75M$1.03M-$10.58MN/A-3.00%N/AN/AN/A
LDTC
LEDDARTECH HOLDINGS INC
$63.73M$6.16M-$80.06M-$77.13M-$108.08-26.90%N/AN/AN/A
MFI
MF INTERNATIONAL LTD
N/AN/AN/AN/AN/AN/AN/AN/AN/A
ROMA
ROMA GREEN FINANCE LTD
$7.41MN/AN/AN/AN/AN/AN/AN/AN/A
ASNS
ACTELIS NETWORKS INC
$1.63M$5.61M-$5.49M-$6.29M-$2.61-36.52%N/AN/AN/A
UIS
UNISYS CORP
$346.14M$1.99B-$217.30M-$404.80M-$5.92-3.06%-1.08%N/AN/A2024-05-22
MOBX
MOBIX LABS INC
$69.42MN/AN/AN/AN/AN/AN/AN/AN/A
WISA
WISA TECHNOLOGIES INC
$6.51M$2.08M-$17.69M-$25.08M-$477.00-38.10%8.68%N/AN/A
CAUD
COLLECTIVE AUDIENCE INC
$6.99M$28.63M-$3.88M-$6.45M-$4.08k-7.22%N/AN/AN/A
ASTI
ASCENT SOLAR TECHNOLOGIES INC
$3.20M$339.64k-$11.60M-$31.50M-$38.36-56.50%-13.47%N/AN/A
HUBC
HUB CYBER SECURITY LTD
$7.81M$73.04M-$111.08M-$129.82M-$15.504.47%N/AN/AN/A
ZPTA
ZAPATA COMPUTING HOLDINGS INC
$36.66M$5.68M-$29.21M-$29.73M-$5.8210.01%N/AN/AN/A
INTZ
INTRUSION INC
$3.56M$5.61M-$10.34M-$13.89M-$11.46-25.47%-11.40%N/AN/A2024-05-14
AWIN
AERWINS TECHNOLOGIES INC
$2.52M$0.00-$25.73M-$25.94M-$27.93N/AN/AN/AN/A
RXT
RACKSPACE TECHNOLOGY INC
$446.10M$2.96B-$189.90M-$837.80M-$3.89-5.29%3.81%N/AN/A
KSPI
JOINT STOCK CO KASPIKZ
$22.53BN/AN/AN/AN/AN/AN/AN/AN/A2024-05-22
AILE
ILEARNINGENGINES INC
$57.60M$0.00-$5.20M-$5.85M-$0.37-100.00%N/AN/AN/A2024-05-29
GCTS
GCT SEMICONDUCTOR HOLDING INC
$72.51M$0.00-$610.01k-$2.00M-$0.09-100.00%N/AN/AN/A
VVPR
VIVOPOWER INTERNATIONAL PLC
$8.96M$12.24M-$11.87M-$20.97M-$0.22-38.18%N/AN/AN/A2024-05-29
OPTX
SYNTEC OPTICS HOLDINGS INC
$18.42M$0.00$551.30k$135.32k-$0.03-100.00%N/AN/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' and high-short interest stocks are trading higher after retail investor Roaring Kitty made a return to social media on Monday 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.