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
SOTK	SONO TEK CORP	$71.17M	N/A	0.00%	N/A	N/A	N/A	N/A
PAY	PAYMENTUS HOLDINGS INC	$2.60B	N/A	0.00%	N/A	N/A	N/A	N/A
CGNX	COGNEX CORP	$7.52B	0.66%	50.00%	$0.0750	$0.29	11%	1	2024-05-15	2024-05-30
CTLP	CANTALOUPE INC	$431.69M	N/A	0.00%	N/A	N/A	N/A	N/A
SEDG	SOLAREDGE TECHNOLOGIES INC	$3.45B	N/A	0.00%	N/A	N/A	N/A	N/A
TSAT	TELESAT CORP	$101.81M	N/A	0.00%	N/A	N/A	N/A	N/A
CXM	SPRINKLR INC	$3.26B	N/A	0.00%	N/A	N/A	N/A	N/A
JKHY	JACK HENRY & ASSOCIATES INC	$11.96B	1.29%	40.60%	$0.5500	$2.11	25%	0
ALRM	ALARMCOM HOLDINGS INC	$3.41B	N/A	0.00%	N/A	N/A	N/A	N/A
SONY	SONY GROUP CORP	$114.33B	N/A	5.70%	$0.1318	N/A	N/A	0
IPGP	IPG PHOTONICS CORP	$3.95B	N/A	0.00%	N/A	N/A	N/A	N/A
NCNO	NCINO INC	$3.45B	N/A	0.00%	N/A	N/A	N/A	N/A
CACI	CACI INTERNATIONAL INC	$9.25B	N/A	0.00%	N/A	N/A	N/A	N/A
SONM	SONIM TECHNOLOGIES INC	$23.37M	N/A	N/A	N/A	N/A	N/A	N/A
MTC	MMTEC INC	$473.97M	N/A	0.00%	N/A	N/A	N/A	N/A
DIOD	DIODES INC	$3.34B	N/A	0.00%	N/A	N/A	N/A	N/A
NSIT	INSIGHT ENTERPRISES INC	$6.31B	N/A	0.00%	N/A	N/A	N/A	N/A
LFUS	LITTELFUSE INC	$6.13B	1.03%	28.90%	$0.6500	$2.55	19%	0	2024-05-22	2024-06-06
WFCF	WHERE FOOD COMES FROM INC	$64.51M	N/A	0.00%	$0.1500	N/A	N/A	0
PWFL	POWERFLEET INC	$185.69M	N/A	0.00%	N/A	N/A	N/A	N/A
IONQ	IONQ INC	$1.86B	N/A	0.00%	N/A	N/A	N/A	N/A
AI	C3AI INC	$2.93B	N/A	0.00%	N/A	N/A	N/A	N/A
RELY	REMITLY GLOBAL INC	$2.87B	N/A	0.00%	N/A	N/A	N/A	N/A
HCP	HASHICORP INC	$6.56B	N/A	0.00%	N/A	N/A	N/A	N/A
GLW	CORNING INC	$28.89B	3.32%	153.40%	$0.2800	$1.12	59%	0	2024-05-31	2024-06-27
APH	AMPHENOL CORP	$73.66B	0.70%	25.30%	$0.2200	$0.86	12%	1	2024-06-18	2024-07-10
UTSI	UTSTARCOM HOLDINGS CORP	$25.43M	N/A	0.00%	N/A	N/A	N/A	N/A
MSN	EMERSON RADIO CORP	$11.89M	N/A	0.00%	N/A	N/A	N/A	N/A
ARBE	ARBE ROBOTICS LTD	$138.14M	N/A	0.00%	N/A	N/A	N/A	N/A
DUOL	DUOLINGO INC	$10.29B	N/A	0.00%	N/A	N/A	N/A	N/A
MANH	MANHATTAN ASSOCIATES INC	$12.98B	N/A	0.00%	N/A	N/A	N/A	N/A
AMKR	AMKOR TECHNOLOGY INC	$7.96B	0.95%	20.30%	$0.0788	$0.31	17%	0
RAMP	LIVERAMP HOLDINGS INC	$2.15B	N/A	0.00%	N/A	N/A	N/A	N/A
IDN	INTELLICHECK INC	$64.23M	N/A	0.00%	N/A	N/A	N/A	N/A
HKIT	HITEK GLOBAL INC	$19.57M	N/A	0.00%	N/A	N/A	N/A	N/A
CLFD	CLEARFIELD INC	$531.35M	N/A	0.00%	N/A	N/A	N/A	N/A
MNDY	MONDAYCOM LTD	$9.07B	N/A	0.00%	N/A	N/A	N/A	N/A
TOST	TOAST INC	$12.46B	N/A	0.00%	N/A	N/A	N/A	N/A
VLN	VALENS SEMICONDUCTOR LTD	$248.15M	N/A	0.00%	N/A	N/A	N/A	N/A
CFLT	CONFLUENT INC	$8.94B	N/A	0.00%	N/A	N/A	N/A	N/A
S	SENTINELONE INC	$6.59B	N/A	0.00%	N/A	N/A	N/A	N/A
PLXS	PLEXUS CORP	$2.85B	N/A	0.00%	N/A	N/A	N/A	N/A
CSPI	CSP INC	$125.41M	0.66%	17.20%	$0.0250	$0.09	11%	1
AGMH	AGM GROUP HOLDINGS INC	$28.73M	N/A	0.00%	N/A	N/A	N/A	N/A
ACIW	ACI WORLDWIDE INC	$3.70B	N/A	0.00%	N/A	N/A	N/A	N/A
III	INFORMATION SERVICES GROUP INC	$161.44M	5.39%	134.60%	$0.0450	$0.18	81%	1
CNXN	PC CONNECTION INC	$1.61B	0.56%	10.90%	$0.1000	$0.34	9%	4	2024-05-13	2024-05-29
FROG	JFROG LTD	$4.24B	N/A	0.00%	N/A	N/A	N/A	N/A
FRGE	FORGE GLOBAL HOLDINGS INC	$350.02M	N/A	0.00%	N/A	N/A	N/A	N/A
NXPL	NEXTPLAT CORP	$22.84M	N/A	0.00%	N/A	N/A	N/A	N/A
NVEC	NVE CORP	$351.89M	5.49%	113.00%	$1.0000	$4.00	82%	1	2024-05-10	2024-05-31
WBX	WALLBOX NV	$323.10M	N/A	0.00%	N/A	N/A	N/A	N/A
NABL	N-ABLE INC	$2.32B	N/A	0.00%	N/A	N/A	N/A	N/A
WETH	WETOUCH TECHNOLOGY INC	$19.10M	N/A	0.00%	N/A	N/A	N/A	N/A
AVNW	AVIAT NETWORKS INC	$375.83M	N/A	0.00%	N/A	N/A	N/A	N/A
BHE	BENCHMARK ELECTRONICS INC	$1.31B	1.81%	35.90%	$0.1650	$0.66	37%	0
LAW	CS DISCO INC	$478.72M	N/A	0.00%	N/A	N/A	N/A	N/A
PGY	PAGAYA TECHNOLOGIES LTD	$655.62M	N/A	0.00%	N/A	N/A	N/A	N/A
POWI	POWER INTEGRATIONS INC	$3.90B	1.14%	79.40%	$0.2000	$0.78	21%	0
SAP	SAP SE	$214.09B	1.19%	49.10%	$2.1864	$2.19	23%	4	2024-05-16	2024-05-28
BKKT	BAKKT HOLDINGS INC	$83.64M	N/A	0.00%	N/A	N/A	N/A	N/A
SYT	SYLA TECHNOLOGIES CO LTD	$82.49M	N/A	3.40%	N/A	N/A	N/A	N/A
BEEM	BEAM GLOBAL	$89.66M	N/A	0.00%	N/A	N/A	N/A	N/A
KVYO	KLAVIYO INC	$5.87B	N/A	0.00%	N/A	N/A	N/A	N/A
TLS	TELOS CORP	$246.12M	N/A	0.00%	N/A	N/A	N/A	N/A
OKTA	OKTA INC	$16.16B	N/A	0.00%	N/A	N/A	N/A	N/A
FKWL	FRANKLIN WIRELESS CORP	$34.88M	N/A	0.00%	N/A	N/A	N/A	N/A
HOOD	ROBINHOOD MARKETS INC	$15.70B	N/A	0.00%	N/A	N/A	N/A	N/A
CNXC	CONCENTRIX CORP	$3.92B	0.46%	17.80%	$0.2750	$0.28	7%	0
VMEO	VIMEO INC	$616.72M	N/A	0.00%	N/A	N/A	N/A	N/A
SEZL	SEZZLE INC	$284.36M	N/A	0.00%	N/A	N/A	N/A	N/A
RUM	RUMBLE INC	$2.69B	N/A	0.00%	N/A	N/A	N/A	N/A
VNT	VONTIER CORP	$6.09B	0.06%	1.80%	$0.0250	$0.03	0%	0
TRT	TRIO-TECH INTERNATIONAL	$26.48M	N/A	0.00%	N/A	N/A	N/A	N/A
ALAB	ASTERA LABS INC	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
NVEI	NUVEI CORP	$4.51B	N/A	-166.70%	N/A	N/A	N/A	N/A
PET	WAG! GROUP CO	$91.67M	N/A	0.00%	N/A	N/A	N/A	N/A
ESE	ESCO TECHNOLOGIES INC	$2.77B	0.30%	8.90%	$0.0800	$0.32	4%	0
PTC	PTC INC	$21.05B	N/A	0.00%	N/A	N/A	N/A	N/A
CCRD	CORECARD CORP	$107.40M	N/A	0.00%	N/A	N/A	N/A	N/A
DQ	DAQO NEW ENERGY CORP	$1.24B	N/A	N/A	N/A	N/A	N/A	N/A
BASE	COUCHBASE INC	$1.28B	N/A	0.00%	N/A	N/A	N/A	N/A
PSN	PARSONS CORP	$11.52B	N/A	0.00%	N/A	N/A	N/A	N/A
DJCO	DAILY JOURNAL CORP	$508.12M	N/A	0.00%	N/A	N/A	N/A	N/A
BRZE	BRAZE INC	$4.19B	N/A	0.00%	N/A	N/A	N/A	N/A
MTTR	MATTERPORT INC	$1.41B	N/A	0.00%	N/A	N/A	N/A	N/A
NET	CLOUDFLARE INC	$25.28B	N/A	0.00%	N/A	N/A	N/A	N/A
NXT	NEXTRACKER INC	$6.29B	N/A	N/A	N/A	N/A	N/A	N/A
SEMR	SEMRUSH HOLDINGS INC	$1.81B	N/A	0.00%	N/A	N/A	N/A	N/A
RSKD	RISKIFIED LTD	$933.84M	N/A	0.00%	N/A	N/A	N/A	N/A
PSTG	PURE STORAGE INC	$16.97B	N/A	0.00%	N/A	N/A	N/A	N/A
ITRI	ITRON INC	$4.91B	N/A	0.00%	N/A	N/A	N/A	N/A
GRAB	GRAB HOLDINGS LTD	$13.89B	N/A	0.00%	N/A	N/A	N/A	N/A
CRM	SALESFORCE INC	$265.45B	0.15%	0.00%	$0.4000	$0.40	1%	0
PATH	UIPATH INC	$11.08B	N/A	0.00%	N/A	N/A	N/A	N/A
VRNS	VARONIS SYSTEMS INC	$4.78B	N/A	0.00%	N/A	N/A	N/A	N/A
ENFN	ENFUSION INC	$1.23B	N/A	0.00%	N/A	N/A	N/A	N/A
IOT	SAMSARA INC	$20.94B	N/A	0.00%	N/A	N/A	N/A	N/A
PEGA	PEGASYSTEMS INC	$5.06B	0.20%	12.90%	$0.0300	$0.12	2%	0
VRSN	VERISIGN INC	$16.76B	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	65	+1.52%	+2.59%	+1.57%	-6.53%	8.06x	2.69x	+51.62%	+8.78%	+15.96%	+19.59%	Buy
Computer Hardware	38	+2.46%	-3.27%	-14.34%	+141.18%	37.10x	13.81x	-26.89%	+10.03%	+18.70%	+22.51%	Buy
Consumer Electronics	18	+3.62%	+6.11%	+3.32%	-1.59%	26.64x	22.26x	+142.55%	+27.98%	+54.07%	+18.51%	Buy
Electronic Components	44	+2.10%	+3.04%	-0.48%	+16.49%	26.77x	3.63x	+20.92%	+9.57%	+15.02%	+12.05%	Buy
Electronics & Computer Distribution	10	+3.31%	-0.47%	-3.28%	+33.84%	13.64x	1.36x	+11.31%	+3.62%	+11.74%	+3.73%	Hold
Information Technology Services	66	+1.21%	+0.09%	-4.72%	+13.99%	27.22x	4.46x	+24.61%	+8.14%	+16.50%	+17.92%	Buy
Scientific & Technical Instruments	33	+0.94%	+3.95%	+0.18%	+5.54%	13.75x	3.18x	+9.40%	+6.52%	+9.39%	+8.77%	Buy
Semiconductor Equipment & Materials	29	+2.76%	-0.33%	-3.90%	+52.60%	36.70x	11.56x	+50.90%	+18.21%	+30.73%	+10.63%	Buy
Semiconductors	69	+1.90%	-0.58%	-2.34%	+40.07%	55.71x	7.96x	+52.52%	+30.30%	+34.13%	+15.70%	Buy
Software - Application	252	+1.73%	-0.49%	-6.00%	+28.29%	90.91x	6.48x	+6.36%	+4.30%	+7.17%	+20.14%	Buy
Software - Infrastructure	138	+0.40%	-1.35%	-4.80%	+21.09%	43.48x	11.30x	-31.73%	+15.14%	+24.48%	+21.66%	Buy
Solar	23	+5.13%	+5.71%	-0.31%	-42.47%	30.90x	2.61x	+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.