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

Overview Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends

Ticker	Company	Market Cap	Dividend Yield	Payout Ratio	Last Dividend	Annual Dividend	Dividend Percentile	Dividend Dropped Count (L10Y)	Ex-dividend Date	Div. Payment Date
SMTC	SEMTECH CORP	$2.58B	N/A	0.00%	N/A	N/A	N/A	N/A
ETWO	E2OPEN PARENT HOLDINGS INC	$1.54B	N/A	0.00%	N/A	N/A	N/A	N/A
MSTR	MICROSTRATEGY INC	$28.10B	N/A	0.00%	N/A	N/A	N/A	N/A
KC	KINGSOFT CLOUD HOLDINGS LTD	$917.83M	N/A	0.00%	N/A	N/A	N/A	N/A
BTCM	BIT MINING LTD	$28.34M	N/A	0.00%	N/A	N/A	N/A	N/A
LYT	LYTUS TECHNOLOGIES HOLDINGS PTV LTD	$2.22M	N/A	0.00%	N/A	N/A	N/A	N/A
SQNS	SEQUANS COMMUNICATIONS	$32.01M	N/A	0.00%	N/A	N/A	N/A	N/A
MSAI	MULTISENSOR AI HOLDINGS INC	$34.66M	N/A	0.00%	N/A	N/A	N/A	N/A
EVBG	EVERBRIDGE INC	$1.45B	N/A	0.00%	N/A	N/A	N/A	N/A
BAND	BANDWIDTH INC	$600.92M	N/A	0.00%	N/A	N/A	N/A	N/A
CLVT	CLARIVATE PLC	$4.02B	N/A	0.00%	N/A	N/A	N/A	N/A
UAVS	AGEAGLE AERIAL SYSTEMS INC	$7.96M	N/A	0.00%	N/A	N/A	N/A	N/A
WRAP	WRAP TECHNOLOGIES INC	$72.95M	N/A	0.00%	N/A	N/A	N/A	N/A
SATS	ECHOSTAR CORP	$4.78B	N/A	0.00%	N/A	N/A	N/A	N/A
CISO	CISO GLOBAL INC	$10.28M	N/A	0.00%	N/A	N/A	N/A	N/A
LKCO	LUOKUNG TECHNOLOGY CORP	$10.13M	N/A	0.00%	N/A	N/A	N/A	N/A
EGIO	EDGIO INC	$58.81M	N/A	0.00%	N/A	N/A	N/A	N/A
ALAB	ASTERA LABS INC	$11.29B	N/A	N/A	N/A	N/A	N/A	N/A
XRX	XEROX HOLDINGS CORP	$1.73B	3.58%	-51.40%	$0.2500	$0.50	65%	2
XTIA	XTI AEROSPACE INC	$15.57M	N/A	0.00%	N/A	N/A	N/A	N/A
ZEPP	ZEPP HEALTH CORP	$53.58M	N/A	0.00%	$0.1000	N/A	N/A	0
KSCP	KNIGHTSCOPE INC	$40.45M	N/A	0.00%	N/A	N/A	N/A	N/A
SATX	SATIXFY COMMUNICATIONS LTD	$51.53M	N/A	0.00%	N/A	N/A	N/A	N/A
MRT	MARTI TECHNOLOGIES INC	$103.81M	N/A	0.00%	N/A	N/A	N/A	N/A
RPD	RAPID7 INC	$2.38B	N/A	0.00%	N/A	N/A	N/A	N/A
MRVL	MARVELL TECHNOLOGY INC	$62.28B	N/A	-16.70%	$0.0600	N/A	N/A	0
DBD	DIEBOLD NIXDORF INC	$1.67B	N/A	N/A	N/A	N/A	N/A	N/A
NTRP	NEXTTRIP INC	$2.05M	N/A	0.00%	N/A	N/A	N/A	N/A
AILE	ILEARNINGENGINES INC	$906.62M	N/A	0.00%	N/A	N/A	N/A	N/A
FCUV	FOCUS UNIVERSAL INC	$19.37M	N/A	0.00%	N/A	N/A	N/A	N/A
OST	OSTIN TECHNOLOGY GROUP CO LTD	$6.53M	N/A	0.00%	N/A	N/A	N/A	N/A
EZFL	EZFILL HOLDINGS INC	$12.61M	N/A	0.00%	N/A	N/A	N/A	N/A
LPL	LG DISPLAY CO LTD	$3.91B	N/A	0.00%	$0.2340	N/A	N/A	0
SYNA	SYNAPTICS INC	$3.73B	N/A	0.00%	N/A	N/A	N/A	N/A
TURB	TURBO ENERGY SA	$13.11M	N/A	0.00%	N/A	N/A	N/A	N/A
SGN	SIGNING DAY SPORTS INC	$4.63M	N/A	0.00%	N/A	N/A	N/A	N/A
MRDB	MARIADB PLC	$34.64M	N/A	0.00%	N/A	N/A	N/A	N/A
ARBB	ARB IOT GROUP LTD	$22.37M	N/A	0.00%	N/A	N/A	N/A	N/A
CAMP	CALAMP CORP	$6.23M	N/A	0.00%	N/A	N/A	N/A	N/A
ALIT	ALIGHT INC	$4.52B	N/A	0.00%	N/A	N/A	N/A	N/A
DHX	DHI GROUP INC	$118.43M	N/A	0.00%	N/A	N/A	N/A	N/A
IDAI	T STAMP INC	$7.21M	N/A	0.00%	N/A	N/A	N/A	N/A
POET	POET TECHNOLOGIES INC	$106.49M	N/A	0.00%	N/A	N/A	N/A	N/A
PEGY	PINEAPPLE ENERGY INC	$10.07M	N/A	0.00%	$0.0200	N/A	N/A	2
RBRK	RUBRIK INC	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
XELA	EXELA TECHNOLOGIES INC	$16.23M	N/A	0.00%	N/A	N/A	N/A	N/A
NA	NANO LABS LTD	$40.16M	N/A	0.00%	N/A	N/A	N/A	N/A
GREE	GREENIDGE GENERATION HOLDINGS INC	$24.23M	N/A	0.00%	N/A	N/A	N/A	N/A
JTAI	JETAI INC	$8.55M	N/A	0.00%	N/A	N/A	N/A	N/A
ST	SENSATA TECHNOLOGIES HOLDING PLC	$6.45B	1.12%	-533.30%	$0.1200	$0.48	22%	0		2024-05-22
AISP	AIRSHIP AI HOLDINGS INC	$100.97M	N/A	0.00%	N/A	N/A	N/A	N/A
NVNI	NVNI GROUP LTD	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
ISDR	ISSUER DIRECT CORP	$38.14M	N/A	0.00%	$0.0500	N/A	N/A	0
LEDS	SEMILEDS CORP	$10.98M	N/A	0.00%	N/A	N/A	N/A	N/A
UPLD	UPLAND SOFTWARE INC	$76.71M	N/A	0.00%	N/A	N/A	N/A	N/A
AUUD	AUDDIA INC	$3.91M	N/A	0.00%	N/A	N/A	N/A	N/A
STX	SEAGATE TECHNOLOGY HOLDINGS PLC	$20.01B	0.73%	-161.50%	$0.7000	$0.70	13%	0	2024-06-20	2024-07-05
ENV	ENVESTNET INC	$3.74B	N/A	0.00%	N/A	N/A	N/A	N/A
MINM	MINIM INC	$10.38M	N/A	0.00%	N/A	N/A	N/A	N/A
ZPTA	ZAPATA COMPUTING HOLDINGS INC	$29.10M	N/A	0.00%	N/A	N/A	N/A	N/A
KNW	KNOW LABS INC	$55.67M	N/A	0.00%	N/A	N/A	N/A	N/A
NATL	NCR ATLEOS CORP	$2.06B	N/A	N/A	N/A	N/A	N/A	N/A
UIS	UNISYS CORP	$344.07M	N/A	0.00%	N/A	N/A	N/A	N/A
LDTC	LEDDARTECH HOLDINGS INC	$64.16M	N/A	0.00%	N/A	N/A	N/A	N/A
TCX	TUCOWS INC	$207.73M	N/A	0.00%	N/A	N/A	N/A	N/A
XBP	XBP EUROPE HOLDINGS INC	$76.32M	N/A	N/A	N/A	N/A	N/A	N/A
BNZI	BANZAI INTERNATIONAL INC	$6.68M	N/A	0.00%	N/A	N/A	N/A	N/A
ASNS	ACTELIS NETWORKS INC	$1.75M	N/A	0.00%	N/A	N/A	N/A	N/A
GCTS	GCT SEMICONDUCTOR HOLDING INC	$243.68M	N/A	0.00%	N/A	N/A	N/A	N/A
KSPI	JOINT STOCK CO KASPIKZ	$22.35B	N/A	N/A	N/A	N/A	N/A	N/A
CAUD	COLLECTIVE AUDIENCE INC	$6.71M	N/A	0.00%	N/A	N/A	N/A	N/A
SMXT	SOLARMAX TECHNOLOGY INC	$558.69M	N/A	0.00%	N/A	N/A	N/A	N/A
WISA	WISA TECHNOLOGIES INC	$5.45M	N/A	0.00%	N/A	N/A	N/A	N/A
COMM	COMMSCOPE HOLDING COMPANY INC	$280.21M	N/A	0.00%	N/A	N/A	N/A	N/A
RDZN	ROADZEN INC	$234.07M	N/A	N/A	N/A	N/A	N/A	N/A
RXT	RACKSPACE TECHNOLOGY INC	$474.56M	N/A	0.00%	N/A	N/A	N/A	N/A
BTDR	BITDEER TECHNOLOGIES GROUP	$655.75M	N/A	N/A	N/A	N/A	N/A	N/A
ASTI	ASCENT SOLAR TECHNOLOGIES INC	$3.81M	N/A	0.00%	N/A	N/A	N/A	N/A
AWIN	AERWINS TECHNOLOGIES INC	$4.31M	N/A	0.00%	N/A	N/A	N/A	N/A
GETR	GETAROUND INC	$18.81M	N/A	0.00%	N/A	N/A	N/A	N/A
INTZ	INTRUSION INC	$7.99M	N/A	0.00%	N/A	N/A	N/A	N/A
HUBC	HUB CYBER SECURITY LTD	$7.83M	N/A	0.00%	N/A	N/A	N/A	N/A
VVPR	VIVOPOWER INTERNATIONAL PLC	$8.28M	N/A	0.00%	N/A	N/A	N/A	N/A
MOBX	MOBIX LABS INC	$67.97M	N/A	0.00%	N/A	N/A	N/A	N/A
OPTX	SYNTEC OPTICS HOLDINGS INC	$19.34M	N/A	0.00%	N/A	N/A	N/A	N/A

Tech Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Communication Equipment	66	+0.33%	+3.51%	+13.86%	+0.01%	8.90x	2.82x	+39.55%	+8.64%	+15.94%	+13.67%	Buy
Computer Hardware	35	-0.85%	+7.18%	+3.53%	+154.60%	38.33x	14.40x	-27.44%	+10.64%	+17.97%	+9.60%	Buy
Consumer Electronics	19	-0.38%	+3.52%	+7.87%	+1.64%	28.84x	23.24x	+142.75%	+28.02%	+54.15%	+16.01%	Buy
Electronic Components	44	+0.24%	+1.80%	+12.79%	+18.46%	21.86x	3.90x	+20.97%	+9.77%	+15.19%	+5.53%	Buy
Electronics & Computer Distribution	10	+0.00%	+2.50%	+8.24%	+36.07%	15.09x	1.46x	+11.24%	+3.60%	+11.71%	-2.57%	Hold
Information Technology Services	62	-0.46%	+0.92%	+2.78%	+17.47%	27.32x	4.56x	+24.53%	+8.09%	+16.40%	+14.60%	Buy
Scientific & Technical Instruments	32	+0.32%	+2.23%	+10.19%	+9.70%	13.63x	3.31x	+8.46%	+6.49%	+13.44%	+4.63%	Buy
Semiconductor Equipment & Materials	29	-0.69%	+1.11%	+6.64%	+45.83%	37.71x	11.91x	+51.04%	+18.23%	+30.74%	+8.78%	Buy
Semiconductors	67	-0.64%	+3.62%	+10.27%	+45.30%	66.74x	8.38x	+51.79%	+29.89%	+33.61%	+9.82%	Buy
Software - Application	248	+1.44%	+5.82%	+8.94%	+33.55%	32.16x	6.56x	+5.58%	+4.72%	+7.73%	+12.97%	Buy
Software - Infrastructure	147	-0.05%	+2.42%	+4.02%	+14.54%	45.36x	11.92x	+26.21%	+15.01%	+24.28%	+18.89%	Buy
Solar	26	-0.87%	+2.97%	+3.56%	-50.14%	24.31x	2.67x	+11.23%	+6.71%	+10.76%	+31.26%	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 69, which is 40 points higher than the tech sector average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 8.25% over the past year, underperforming other tech stocks by -19 percentage points.

Rambus has an average 1 year price target of $81.67, an upside of 40.88% from Rambus's current stock price of $57.97.

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. Dlocal (NASDAQ:DLO)

Dlocal (NASDAQ:DLO) 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 22 out of 33 due diligence checks and has strong fundamentals. Dlocal has seen its stock lose -31.5% over the past year, underperforming other tech stocks by -59 percentage points.

Dlocal has an average 1 year price target of $18.00, an upside of 87.7% from Dlocal's current stock price of $9.59.

Dlocal stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Dlocal, 37.5% have issued a Strong Buy rating, 0% have issued a Buy, 62.5% have issued a Hold, while 0% have issued a Sell rating, and 0% 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 -19.37% over the past year, underperforming other tech stocks by -47 percentage points.

Epam Systems has an average 1 year price target of $281.88, an upside of 50.09% from Epam Systems's current stock price of $187.80.

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 118 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 3.25%. 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 0% 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 145.08%, which is 142 percentage points higher than the tech sector average of 3.25%.

Wisekey International Holding Sa's dividend payout ratio of -1,098% indicates that its high dividend yield might not be sustainable for the long-term.

3. Mind Cti (NASDAQ:MNDO)

Mind Cti (NASDAQ:MNDO) has an annual dividend yield of 12.73%, which is 9 percentage points higher than the tech sector average of 3.25%. Mind Cti's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Mind Cti's dividend has not shown consistent growth over the last 10 years.

Mind Cti's dividend payout ratio of 92.3% indicates that its high dividend yield might not be sustainable for the long-term.

Why are tech stocks up?

Tech stocks were up 0.23% in the last day, and up 3.61% over the last week. Mmtec was the among the top gainers in the technology sector, gaining 16.64% yesterday.

Shares of US-listed Chinese stocks are trading higher after China unveiled measures to support the property sector.

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 78 points higher than the tech sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -17.76% in the past year. It has underperformed other stocks in the tech sector by -45 percentage points.

2. International Money Express (NASDAQ:IMXI)

International Money Express (NASDAQ:IMXI) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. International Money Express has a valuation score of 100, which is 78 points higher than the tech sector average of 22. It passed 7 out of 7 valuation due diligence checks.

International Money Express's stock has dropped -9.03% in the past year. It has underperformed other stocks in the tech sector by -36 percentage points.

3. Skyworks Solutions (NASDAQ:SWKS)

Skyworks Solutions (NASDAQ:SWKS) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Skyworks Solutions has a valuation score of 100, which is 78 points higher than the tech sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Skyworks Solutions's stock has dropped -5.52% in the past year. It has underperformed other stocks in the tech sector by -33 percentage points.

Are tech stocks a good buy now?

41.41% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 12.49% 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 44.41x.

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.