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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
WDAY
WORKDAY INC
$67.53BN/A0.00%N/AN/AN/AN/A
QLYS
QUALYS INC
$6.11BN/A0.00%N/AN/AN/AN/A
HPQ
HP INC
$27.64B3.82%30.70%$0.2756$1.0867%1
SIMO
SILICON MOTION TECHNOLOGY CORP
$2.47B1.35%62.50%$0.5000$1.0027%02024-05-082024-05-23
NXPI
NXP SEMICONDUCTORS NV
$65.93B1.57%37.00%$1.0140$4.0631%0
AMAT
APPLIED MATERIALS INC
$169.58B0.63%15.00%$0.3200$1.2811%02024-05-222024-06-13
MCHP
MICROCHIP TECHNOLOGY INC
$49.37B1.84%36.60%$0.4500$1.6837%1
APP
APPLOVIN CORP
$25.67BN/A0.00%N/AN/AN/AN/A
DTST
DATA STORAGE CORP
$35.15MN/A0.00%N/AN/AN/AN/A
SRAD
SPORTRADAR GROUP AG
$2.74BN/A0.00%N/AN/AN/AN/A
PCTY
PAYLOCITY HOLDING CORP
$9.46BN/A0.00%N/AN/AN/AN/A
HPE
HEWLETT PACKARD ENTERPRISE CO
$21.92B2.97%33.10%$0.1300$0.5054%0
PUBM
PUBMATIC INC
$1.17BN/A0.00%N/AN/AN/AN/A
CPAY
CORPAY INC
$21.51BN/A0.00%N/AN/AN/AN/A
SHOP
SHOPIFY INC
$95.80BN/A0.00%N/AN/AN/AN/A
CINT
CI&T INC
$520.17MN/A0.00%N/AN/AN/AN/A
HKD
AMTD DIGITAL INC
$702.60MN/A0.00%N/AN/AN/AN/A
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
$15.98MN/A0.00%N/AN/AN/AN/A
VRNT
VERINT SYSTEMS INC
$1.95BN/A0.00%N/AN/AN/AN/A
NVDA
NVIDIA CORP
$2.22T0.02%1.30%$0.0400$0.160%1
HCKT
HACKETT GROUP INC
$611.00M1.99%34.90%$0.1100$0.4440%2
UI
UBIQUITI INC
$6.72B2.16%39.00%$0.6000$2.4043%0
DAKT
DAKTRONICS INC
$478.06MN/A0.00%$0.0500N/AN/A2
IMMR
IMMERSION CORP
$228.88M2.08%12.90%$0.0450$0.1541%1
MNDO
MIND CTI LTD
$37.94M12.73%92.30%$0.2400$0.2496%1
JBL
JABIL INC
$14.14B0.27%2.70%$0.0800$0.323%02024-05-142024-06-04
NICE
NICE LTD
$13.92BN/A0.00%$0.1600N/AN/A0
CHKP
CHECK POINT SOFTWARE TECHNOLOGIES LTD
$16.98BN/A0.00%N/AN/AN/AN/A
STNE
STONECO LTD
$5.17BN/A0.00%N/AN/AN/AN/A
ACN
ACCENTURE PLC
$203.71B1.64%43.20%$1.2900$4.9933%12024-05-15
CPSH
CPS TECHNOLOGIES CORP
$25.12MN/A0.00%N/AN/AN/AN/A
FN
FABRINET
$6.51BN/A0.00%N/AN/AN/AN/A
CLS
CELESTICA INC
$5.34BN/A0.00%N/AN/AN/AN/A
LSCC
LATTICE SEMICONDUCTOR CORP
$9.75BN/A0.00%N/AN/AN/AN/A
CLMB
CLIMB GLOBAL SOLUTIONS INC
$269.79M1.16%26.40%$0.1700$0.6822%02024-05-102024-05-17
TEL
TE CONNECTIVITY LTD
$43.48B1.66%21.50%$0.5900$2.3634%12024-05-232024-06-07
INTU
INTUIT INC
$176.18B0.55%34.00%$0.9000$3.489%0
EGAN
EGAIN CORP
$199.38MN/A0.00%N/AN/AN/AN/A
CSGS
CSG SYSTEMS INTERNATIONAL INC
$1.24B2.73%51.60%$0.3000$1.1451%0
TSRI
TSR INC
$16.75MN/A0.00%N/AN/AN/AN/A
DSGX
DESCARTES SYSTEMS GROUP INC
$8.12BN/A0.00%N/AN/AN/AN/A
INTT
INTEST CORP
$137.95MN/A0.00%N/AN/AN/AN/A
GLOB
GLOBANT SA
$7.99BN/A0.00%N/AN/AN/AN/A
VSH
VISHAY INTERTECHNOLOGY INC
$3.13B1.76%17.20%$0.1000$0.4036%0
SPSC
SPS COMMERCE INC
$6.76BN/A0.00%N/AN/AN/AN/A
BELFA
BEL FUSE INC
$898.54M0.34%4.30%$0.0600$0.245%12024-07-152024-08-01
MPWR
MONOLITHIC POWER SYSTEMS INC
$34.42B0.60%49.60%$1.2500$4.2510%0
SAIC
SCIENCE APPLICATIONS INTERNATIONAL CORP
$6.79B1.13%16.50%$0.3700$1.4821%0
VZIO
VIZIO HOLDING CORP
$2.09BN/A0.00%N/AN/AN/AN/A
DCBO
DOCEBO INC
$1.38BN/A0.00%N/AN/AN/AN/A
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
$734.19B1.38%36.80%$0.5536$1.9527%12024-06-132024-07-11
MLAB
MESA LABORATORIES INC
$623.01M0.55%376.50%$0.1600$0.649%02024-05-312024-06-14
VSAT
VIASAT INC
$2.16BN/A0.00%N/AN/AN/AN/A
TXN
TEXAS INSTRUMENTS INC
$162.89B2.15%78.50%$1.3000$3.8443%02024-05-072024-05-21
SURG
SURGEPAYS INC
$72.92MN/A0.00%N/AN/AN/AN/A
ORCL
ORACLE CORP
$318.28B1.38%41.10%$0.4000$1.6027%0
GFS
GLOBALFOUNDRIES INC
$27.27BN/A0.00%N/AN/AN/AN/A
SOL
EMEREN GROUP LTD
$105.26MN/AN/AN/AN/AN/AN/A
AAPL
APPLE INC
$2.81T0.52%14.90%$0.2400$0.968%12024-05-102024-05-16
KLAC
KLA CORP
$93.79B0.79%28.60%$1.4500$5.5014%02024-05-142024-05-31
CAMT
CAMTEK LTD
$3.74B1.60%0.00%$1.3300$1.3332%0
PAYC
PAYCOM SOFTWARE INC
$9.95B0.88%18.30%$0.3750$1.5016%02024-05-282024-06-10
MRAM
EVERSPIN TECHNOLOGIES INC
$137.52MN/A0.00%N/AN/AN/AN/A
ANSS
ANSYS INC
$27.89BN/A0.00%N/AN/AN/AN/A
SANM
SANMINA CORP
$3.42BN/A0.00%N/AN/AN/AN/A
ADBE
ADOBE INC
$217.81BN/A0.00%N/AN/AN/AN/A
PLTR
PALANTIR TECHNOLOGIES INC
$51.62BN/A0.00%N/AN/AN/AN/A
CRWD
CROWDSTRIKE HOLDINGS INC
$75.03BN/A0.00%N/AN/AN/AN/A
WEX
WEX INC
$8.85BN/A0.00%N/AN/AN/AN/A
LSPD
LIGHTSPEED COMMERCE INC
$2.07BN/A0.00%N/AN/AN/AN/A
TIXT
TELUS INTERNATIONAL (CDA) INC
$2.20BN/A0.00%N/AN/AN/AN/A
ALKT
ALKAMI TECHNOLOGY INC
$2.67BN/A0.00%N/AN/AN/AN/A
ENTG
ENTEGRIS INC
$19.87B0.30%19.00%$0.1000$0.404%02024-05-22
CDNS
CADENCE DESIGN SYSTEMS INC
$76.64BN/A0.00%N/AN/AN/AN/A
NVTS
NAVITAS SEMICONDUCTOR CORP
$833.53MN/A0.00%N/AN/AN/AN/A
VTEX
VTEX
$1.45BN/A0.00%N/AN/AN/AN/A
TDY
TELEDYNE TECHNOLOGIES INC
$18.27BN/A0.00%N/AN/AN/AN/A
FLYW
FLYWIRE CORP
$2.43BN/A0.00%N/AN/AN/AN/A
FLEX
FLEX LTD
$11.75BN/A0.00%N/AN/AN/AN/A
PLUS
EPLUS INC
$2.10BN/A0.00%N/AN/AN/AN/A
WIT
WIPRO LTD
$29.61B0.22%4.70%$0.0120$0.012%3
JNPR
JUNIPER NETWORKS INC
$11.32B2.53%123.90%$0.2200$0.8848%02024-06-032024-06-24
SNPS
SYNOPSYS INC
$81.91BN/A0.00%N/AN/AN/AN/A
YIBO
PLANET IMAGE INTERNATIONAL LTD
$110.46MN/A0.00%N/AN/AN/AN/A
MTLS
MATERIALISE NV
$318.37MN/A0.00%N/AN/AN/AN/A
BOX
BOX INC
$3.77BN/A0.00%N/AN/AN/AN/A
ROP
ROPER TECHNOLOGIES INC
$55.36B0.55%20.60%$0.7500$2.879%0
NVMI
NOVA LTD
$5.17BN/A0.00%N/AN/AN/AN/A
OTEX
OPEN TEXT CORP
$8.25B3.28%160.20%$0.2500$0.9959%02024-05-312024-06-18
PRGS
PROGRESS SOFTWARE CORP
$2.18B1.39%44.00%$0.1750$0.7027%02024-06-032024-06-17
EVTC
EVERTEC INC
$2.34B0.55%19.60%$0.0500$0.209%12024-06-07
CRSR
CORSAIR GAMING INC
$1.20BN/A0.00%N/AN/AN/AN/A
ALNT
ALLIENT INC
$501.45M0.40%7.60%$0.0300$0.125%0
IZM
ICZOOM GROUP INC
$25.92MN/A0.00%N/AN/AN/AN/A
SEDG
SOLAREDGE TECHNOLOGIES INC
$3.45BN/A0.00%N/AN/AN/AN/A
ALRM
ALARMCOM HOLDINGS INC
$3.41BN/A0.00%N/AN/AN/AN/A
CGNX
COGNEX CORP
$7.52B0.66%50.00%$0.0750$0.2911%12024-05-152024-05-30
SONM
SONIM TECHNOLOGIES INC
$23.37MN/AN/AN/AN/AN/AN/A
ONTO
ONTO INNOVATION INC
$9.87BN/A0.00%N/AN/AN/AN/A
CTLP
CANTALOUPE INC
$431.69MN/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. 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 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.

2. Himax Technologies (NASDAQ:HIMX)


Himax Technologies (NASDAQ:HIMX) is the second 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.

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.