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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
RMBS
RAMBUS INC
$6.04BN/A0.00%N/AN/AN/AN/A
YMM
FULL TRUCK ALLIANCE CO LTD
$9.35BN/A0.00%N/AN/AN/AN/A
LOGI
LOGITECH INTERNATIONAL SA
$12.71B1.42%37.70%$1.1692$1.1728%0
RDVT
RED VIOLET INC
$246.19MN/A0.00%N/AN/AN/AN/A
PRFT
PERFICIENT INC
$1.68BN/A0.00%N/AN/AN/AN/A
AGYS
AGILYSYS INC
$2.17BN/A0.00%N/AN/AN/AN/A
DLO
DLOCAL LTD
$4.14BN/A0.00%N/AN/AN/AN/A
FSLR
FIRST SOLAR INC
$20.50BN/A0.00%N/AN/AN/AN/A
YALA
YALLA GROUP LTD
$761.01MN/A0.00%N/AN/AN/AN/A
GDYN
GRID DYNAMICS HOLDINGS INC
$770.57MN/A0.00%N/AN/AN/AN/A
DV
DOUBLEVERIFY HOLDINGS INC
$5.20BN/A0.00%N/AN/AN/AN/A
EXLS
EXLSERVICE HOLDINGS INC
$4.82BN/A0.00%N/AN/AN/AN/A
GCT
GIGACLOUD TECHNOLOGY INC
$1.52BN/A0.00%N/AN/AN/AN/A
EPAM
EPAM SYSTEMS INC
$14.00BN/A0.00%N/AN/AN/AN/A
ELTK
ELTEK LTD
$64.36M2.06%20.40%$0.2200$0.2241%0
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
$32.94B1.77%28.10%$0.3000$1.1736%02024-05-172024-05-29
CSIQ
CANADIAN SOLAR INC
$1.11BN/A0.00%N/AN/AN/AN/A
ACLS
AXCELIS TECHNOLOGIES INC
$3.63BN/A0.00%N/AN/AN/AN/A
JKS
JINKOSOLAR HOLDING CO LTD
$1.37B5.73%16.30%$1.5000$1.5083%0
G
GENPACT LTD
$5.66B1.80%15.90%$0.1525$0.5736%02024-06-102024-06-26
ODD
ODDITY TECH LTD
$1.91BN/A0.00%N/AN/AN/AN/A
IMXI
INTERNATIONAL MONEY EXPRESS INC
$679.71MN/A0.00%N/AN/AN/AN/A
ADI
ANALOG DEVICES INC
$99.00B1.75%61.10%$0.9200$3.5036%0
CSCO
CISCO SYSTEMS INC
$190.80B3.33%47.10%$0.4000$1.5760%0
MSFT
MICROSOFT CORP
$3.02T0.70%24.70%$0.7500$2.8612%02024-05-152024-06-13
SWKS
SKYWORKS SOLUTIONS INC
$14.84B2.88%49.60%$0.6800$2.6653%12024-05-202024-06-11
ZI
ZOOMINFO TECHNOLOGIES INC
$6.12BN/A0.00%N/AN/AN/AN/A
RELL
RICHARDSON ELECTRONICS LTD
$153.64M1.67%80.00%$0.0600$0.1834%02024-05-092024-05-29
CDW
CDW CORP
$29.51B1.10%29.80%$0.6200$2.4220%02024-05-232024-06-11
ANET
ARISTA NETWORKS INC
$85.79BN/A0.00%N/AN/AN/AN/A
AMD
ADVANCED MICRO DEVICES INC
$243.42BN/A0.00%N/AN/AN/AN/A
LYTS
LSI INDUSTRIES INC
$444.19M1.31%21.30%$0.0500$0.2026%12024-05-14
OLED
UNIVERSAL DISPLAY CORP
$8.10B0.85%31.50%$0.4000$1.4515%02024-06-142024-06-28
FFIV
F5 INC
$9.76BN/A0.00%N/AN/AN/AN/A
MPTI
M-TRON INDUSTRIES INC
$76.02MN/A0.00%N/AN/AN/AN/A
DOX
AMDOCS LTD
$9.77B2.13%36.90%$0.4790$1.7842%0
DAVA
ENDAVA PLC
$1.80BN/A0.00%N/AN/AN/AN/A
SCSC
SCANSOURCE INC
$1.08BN/A0.00%N/AN/AN/AN/A
ON
ON SEMICONDUCTOR CORP
$30.28BN/A0.00%N/AN/AN/AN/A
SPNS
SAPIENS INTERNATIONAL CORP N V
$1.72B1.75%45.10%$0.2800$0.5435%3
ARRY
ARRAY TECHNOLOGIES INC
$2.04BN/A0.00%N/AN/AN/AN/A
QCOM
QUALCOMM INC
$200.48B1.78%42.60%$0.8000$3.2036%02024-05-302024-06-20
CRUS
CIRRUS LOGIC INC
$4.77BN/A0.00%N/AN/AN/AN/A
UMC
UNITED MICROELECTRONICS CORP
$20.42B7.19%77.60%$0.5860$0.5988%3
KARO
KAROOOOO LTD
$879.01MN/A75.10%$0.6000N/AN/A0
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
$15.29B1.49%35.50%$0.2400$0.9229%0
PAGS
PAGSEGURO DIGITAL LTD
$4.22BN/A0.00%N/AN/AN/AN/A
PAYS
PAYSIGN INC
$250.54MN/A0.00%N/AN/AN/AN/A
IBEX
IBEX LTD
$238.81MN/A0.00%N/AN/AN/AN/A
GRMN
GARMIN LTD
$31.88B1.76%41.00%$0.7300$2.9236%02024-06-172024-06-28
TSEM
TOWER SEMICONDUCTOR LTD
$3.66BN/A0.00%N/AN/AN/AN/A
ACMR
ACM RESEARCH INC
$1.65BN/A0.00%N/AN/AN/AN/A
PLAB
PHOTRONICS INC
$1.82BN/A0.00%N/AN/AN/AN/A
TASK
TASKUS INC
$1.07BN/A0.00%N/AN/AN/AN/A
ITRN
ITURAN LOCATION & CONTROL LTD
$516.24M3.58%38.60%$0.3900$0.9364%5
PANW
PALO ALTO NETWORKS INC
$95.71BN/A0.00%N/AN/AN/AN/A
CRCT
CRICUT INC
$1.24BN/A400.00%N/AN/AN/AN/A
ADSK
AUTODESK INC
$46.03BN/A0.00%N/AN/AN/AN/A
AMSWA
AMERICAN SOFTWARE INC
$336.52M4.34%122.20%$0.1100$0.4473%02024-05-17
AEHR
AEHR TEST SYSTEMS
$336.57MN/A0.00%N/AN/AN/AN/A
FTNT
FORTINET INC
$44.93BN/A0.00%N/AN/AN/AN/A
AUDC
AUDIOCODES LTD
$337.10M4.89%128.60%$0.1800$0.5478%1
IBM
INTERNATIONAL BUSINESS MACHINES CORP
$152.22B4.01%74.00%$1.6600$6.6469%02024-05-092024-06-10
DSWL
DESWELL INDUSTRIES INC
$37.75M8.44%51.90%$0.1000$0.2091%2
FI
FISERV INC
$87.31BN/A0.00%N/AN/AN/AN/A
ZM
ZOOM VIDEO COMMUNICATIONS INC
$19.01BN/A0.00%N/AN/AN/AN/A
TAIT
TAITRON COMPONENTS INC
$18.91M6.37%64.50%$0.0500$0.2086%1
ENPH
ENPHASE ENERGY INC
$15.54BN/A0.00%N/AN/AN/AN/A
EEFT
EURONET WORLDWIDE INC
$5.05BN/A0.00%N/AN/AN/AN/A
GIB
CGI INC
$24.13BN/A0.00%N/AN/AN/AN/A
ARW
ARROW ELECTRONICS INC
$6.65BN/A0.00%N/AN/AN/AN/A
INFY
INFOSYS LTD
$70.24B2.54%58.30%$0.2163$0.4349%72024-05-31
MSI
MOTOROLA SOLUTIONS INC
$58.99B1.05%44.70%$0.9800$3.7220%0
AVGO
BROADCOM INC
$592.30B1.54%68.50%$5.2500$19.7031%0
SMCI
SUPER MICRO COMPUTER INC
$43.78BN/A0.00%N/AN/AN/AN/A
FORM
FORMFACTOR INC
$4.19BN/A0.00%N/AN/AN/AN/A
LRCX
LAM RESEARCH CORP
$118.78B0.85%28.30%$2.0000$7.7315%0
CIEN
CIENA CORP
$6.91BN/A0.00%N/AN/AN/AN/A
KEYS
KEYSIGHT TECHNOLOGIES INC
$26.04BN/A0.00%N/AN/AN/AN/A
BMI
BADGER METER INC
$5.56B0.55%29.70%$0.2700$1.049%12024-05-232024-06-07
SHLS
SHOALS TECHNOLOGIES GROUP INC
$1.53BN/A0.00%N/AN/AN/AN/A
TER
TERADYNE INC
$18.80B0.37%16.10%$0.1200$0.455%0
NOW
SERVICENOW INC
$146.91BN/A0.00%N/AN/AN/AN/A
TTD
TRADE DESK INC
$43.31BN/A0.00%N/AN/AN/AN/A
DDOG
DATADOG INC
$41.24BN/A0.00%N/AN/AN/AN/A
NTAP
NETAPP INC
$21.60B1.91%44.50%$0.5000$2.0039%0
ASGN
ASGN INC
$4.41BN/A0.00%N/AN/AN/AN/A
FTV
FORTIVE CORP
$26.78B0.39%11.70%$0.0800$0.305%02024-05-312024-06-28
APPF
APPFOLIO INC
$8.66BN/A0.00%N/AN/AN/AN/A
HLIT
HARMONIC INC
$1.28BN/A0.00%N/AN/AN/AN/A
DT
DYNATRACE INC
$13.55BN/A0.00%N/AN/AN/AN/A
UBER
UBER TECHNOLOGIES INC
$143.76BN/A0.00%N/AN/AN/AN/A
ATEN
A10 NETWORKS INC
$1.13B1.58%38.70%$0.0600$0.2432%02024-05-142024-06-03
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
$23.42B1.57%52.50%$0.8000$3.1331%0
ASML
ASML HOLDING NV
$354.70B0.74%33.90%$1.8993$6.6413%42024-05-07
AVT
AVNET INC
$4.47B2.47%19.40%$0.3100$1.2248%0
OSIS
OSI SYSTEMS INC
$2.31BN/A0.00%N/AN/AN/AN/A
ALGM
ALLEGRO MICROSYSTEMS INC
$5.79BN/A0.00%N/AN/AN/AN/A
HIMX
HIMAX TECHNOLOGIES INC
$901.58M9.30%160.00%$0.4800$0.4892%3
AKAM
AKAMAI TECHNOLOGIES INC
$15.10BN/A0.00%N/AN/AN/AN/A

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+1.52%+2.59%+1.57%-6.53%8.06x2.69x+51.62%+8.78%+15.96%+19.59%Buy
38+2.46%-3.27%-14.34%+141.18%37.10x13.81x-26.89%+10.03%+18.70%+22.51%Buy
18+3.62%+6.11%+3.32%-1.59%26.64x22.26x+142.55%+27.98%+54.07%+18.51%Buy
44+2.10%+3.04%-0.48%+16.49%26.77x3.63x+20.92%+9.57%+15.02%+12.05%Buy
10+3.31%-0.47%-3.28%+33.84%13.64x1.36x+11.31%+3.62%+11.74%+3.73%Hold
66+1.21%+0.09%-4.72%+13.99%27.22x4.46x+24.61%+8.14%+16.50%+17.92%Buy
33+0.94%+3.95%+0.18%+5.54%13.75x3.18x+9.40%+6.52%+9.39%+8.77%Buy
29+2.76%-0.33%-3.90%+52.60%36.70x11.56x+50.90%+18.21%+30.73%+10.63%Buy
69+1.90%-0.58%-2.34%+40.07%55.71x7.96x+52.52%+30.30%+34.13%+15.70%Buy
252+1.73%-0.49%-6.00%+28.29%90.91x6.48x+6.36%+4.30%+7.17%+20.14%Buy
138+0.40%-1.35%-4.80%+21.09%43.48x11.30x-31.73%+15.14%+24.48%+21.66%Buy
23+5.13%+5.71%-0.31%-42.47%30.90x2.61x+12.35%+7.74%+11.96%+31.27%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 18.94% over the past year, underperforming other tech stocks by -7 percentage points.

Rambus has an average 1 year price target of $85.00, an upside of 51.57% from Rambus's current stock price of $56.08.

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. 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 39 points higher than the tech sector average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 43.99% over the past year, overperforming other tech stocks by 18 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -32.36% from Full Truck Alliance Co's current stock price of $8.87.

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. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the third 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 30.97% over the past year, overperforming other tech stocks by 5 percentage points.

Logitech International Sa has an average 1 year price target of $93.83, an upside of 14.31% from Logitech International Sa's current stock price of $82.09.

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. 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 4.4%. 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. Wisekey International Holding Sa (NASDAQ:WKEY)


Wisekey International Holding Sa (NASDAQ:WKEY) has an annual dividend yield of 143%, which is 139 percentage points higher than the tech sector average of 4.4%.

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 142.86%, which is 138 percentage points higher than the tech sector average of 4.4%. 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 1.67% in the last day, and down -0.12% over the last week. Arteris was the among the top gainers in the technology sector, gaining 38.45% yesterday.

Arteris shares are trading higher after the company reported better-than-expected Q1 financial results.

What are the most undervalued tech stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued tech stocks right now are:

1. Himax Technologies (NASDAQ:HIMX)


Himax Technologies (NASDAQ:HIMX) is the most undervalued tech stock based on WallStreetZen's Valuation Score. Himax Technologies has a valuation score of 100, which is 77 points higher than the tech sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -21.7% in the past year. It has underperformed other stocks in the tech sector by -47 percentage points.

2. Axcelis Technologies (NASDAQ:ACLS)


Axcelis Technologies (NASDAQ:ACLS) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Axcelis Technologies has a valuation score of 100, which is 77 points higher than the tech sector average of 23. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -9.1% in the past year. It has underperformed other stocks in the tech sector by -35 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 77 points higher than the tech sector average of 23. It passed 7 out of 7 valuation due diligence checks.

International Money Express's stock has dropped -20.79% in the past year. It has underperformed other stocks in the tech sector by -47 percentage points.

Are tech stocks a good buy now?

40.43% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 17.83% 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 47.37x.
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.