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
SEMR	SEMRUSH HOLDINGS INC	$1.81B	N/A	0.00%	N/A	N/A	N/A	N/A
SITM	SITIME CORP	$2.09B	N/A	0.00%	N/A	N/A	N/A	N/A
CTS	CTS CORP	$1.52B	0.32%	9.40%	$0.0400	$0.16	4%	0
PSTG	PURE STORAGE INC	$16.97B	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
HEAR	TURTLE BEACH CORP	$265.14M	N/A	0.00%	N/A	N/A	N/A	N/A
IMOS	CHIPMOS TECHNOLOGIES INC	$1.03B	5.32%	85.90%	$1.5007	$1.50	81%	2
KLIC	KULICKE & SOFFA INDUSTRIES INC	$2.61B	1.66%	-65.50%	$0.2000	$0.78	34%	0
TEAM	ATLASSIAN CORP	$47.77B	N/A	0.00%	N/A	N/A	N/A	N/A
DELL	DELL TECHNOLOGIES INC	$89.30B	0.30%	33.20%	$0.3700	$0.37	4%	0
MGIC	MAGIC SOFTWARE ENTERPRISES LTD	$589.68M	2.72%	83.60%	$0.3270	$0.33	51%	2
FORTY	FORMULA SYSTEMS (1985) LTD	$1.18B	1.64%	14.80%	$0.6384	$1.26	33%	4
FRSH	FRESHWORKS INC	$4.19B	N/A	0.00%	N/A	N/A	N/A	N/A
OLO	OLO INC	$775.48M	N/A	0.00%	N/A	N/A	N/A	N/A
LDOS	LEIDOS HOLDINGS INC	$19.16B	1.04%	62.70%	$0.3800	$1.48	19%	0	2024-06-14	2024-06-28
INTJ	INTELLIGENT GROUP LTD	$11.50M	N/A	0.00%	N/A	N/A	N/A	N/A
WIX	WIXCOM LTD	$6.85B	N/A	0.00%	N/A	N/A	N/A	N/A
DOCN	DIGITALOCEAN HOLDINGS INC	$3.11B	N/A	0.00%	N/A	N/A	N/A	N/A
ZS	ZSCALER INC	$26.54B	N/A	0.00%	N/A	N/A	N/A	N/A
STM	STMICROELECTRONICS NV	$36.17B	0.60%	5.90%	$0.0600	$0.24	10%	5	2024-06-25	2024-07-02
BDC	BELDEN INC	$3.59B	0.23%	3.90%	$0.0500	$0.20	2%	1
PALT	PALTALK INC	$33.02M	N/A	0.00%	N/A	N/A	N/A	N/A
RDDT	REDDIT INC	N/A	N/A	0.00%	N/A	N/A	N/A	N/A
GILT	GILAT SATELLITE NETWORKS LTD	$311.88M	N/A	0.00%	$0.6300	N/A	N/A	1
ADTN	ADTRAN HOLDINGS INC	$373.03M	1.90%	-13.60%	$0.0900	$0.09	39%	0
ULY	URGENTLY INC	$23.74M	N/A	0.00%	N/A	N/A	N/A	N/A
AVPT	AVEPOINT INC	$1.50B	N/A	0.00%	N/A	N/A	N/A	N/A
INLX	INTELLINETICS INC	$28.89M	N/A	0.00%	N/A	N/A	N/A	N/A
WNS	WNS (HOLDINGS) LTD	$2.06B	N/A	0.00%	N/A	N/A	N/A	N/A
FATH	FATHOM DIGITAL MANUFACTURING CORP	$35.58M	N/A	0.00%	N/A	N/A	N/A	N/A
TACT	TRANSACT TECHNOLOGIES INC	$51.62M	N/A	0.00%	$0.0900	N/A	N/A	0
FTCI	FTC SOLAR INC	$68.21M	N/A	0.00%	N/A	N/A	N/A	N/A
VPG	VISHAY PRECISION GROUP INC	$455.81M	N/A	0.00%	N/A	N/A	N/A	N/A
PDFS	PDF SOLUTIONS INC	$1.22B	N/A	0.00%	N/A	N/A	N/A	N/A
IT	GARTNER INC	$33.28B	N/A	0.00%	N/A	N/A	N/A	N/A
SGMA	SIGMATRON INTERNATIONAL INC	$28.70M	N/A	0.00%	N/A	N/A	N/A	N/A
TTEC	TTEC HOLDINGS INC	$363.30M	7.57%	577.80%	$0.0600	$0.58	89%	2
MEI	METHODE ELECTRONICS INC	$436.72M	4.54%	-34.60%	$0.1400	$0.56	75%	0
TROO	TROOPS INC	$118.87M	N/A	0.00%	N/A	N/A	N/A	N/A
ELSE	ELECTRO SENSORS INC	$14.57M	N/A	0.00%	N/A	N/A	N/A	N/A
MKTW	MARKETWISE INC	$530.54M	10.56%	300.00%	$0.0100	$0.17	94%	1
KTCC	KEY TRONIC CORP	$46.92M	N/A	0.00%	N/A	N/A	N/A	N/A
BLZE	BACKBLAZE INC	$386.87M	N/A	0.00%	N/A	N/A	N/A	N/A
FEIM	FREQUENCY ELECTRONICS INC	$91.93M	N/A	0.00%	N/A	N/A	N/A	N/A
NN	NEXTNAV INC	$1.00B	N/A	0.00%	N/A	N/A	N/A	N/A
INDI	INDIE SEMICONDUCTOR INC	$1.09B	N/A	0.00%	N/A	N/A	N/A	N/A
KN	KNOWLES CORP	$1.49B	N/A	0.00%	N/A	N/A	N/A	N/A
MDB	MONGODB INC	$26.43B	N/A	0.00%	N/A	N/A	N/A	N/A
AVDX	AVIDXCHANGE HOLDINGS INC	$2.48B	N/A	0.00%	N/A	N/A	N/A	N/A
DAIO	DATA I/O CORP	$26.17M	N/A	0.00%	N/A	N/A	N/A	N/A
MLGO	MICROALGO INC	$12.49M	N/A	0.00%	N/A	N/A	N/A	N/A
VISL	VISLINK TECHNOLOGIES INC	$9.40M	N/A	0.00%	N/A	N/A	N/A	N/A
GTLB	GITLAB INC	$8.64B	N/A	0.00%	N/A	N/A	N/A	N/A
EB	EVENTBRITE INC	$535.11M	N/A	0.00%	N/A	N/A	N/A	N/A
ALOT	ASTRONOVA INC	$136.74M	N/A	0.00%	$0.0700	N/A	N/A	0
NRDY	NERDY INC	$462.08M	N/A	0.00%	N/A	N/A	N/A	N/A
MYSZ	MY SIZE INC	$2.66M	N/A	0.00%	N/A	N/A	N/A	N/A
SWVL	SWVL HOLDINGS CORP	$76.68M	N/A	0.00%	N/A	N/A	N/A	N/A
LSAK	LESAKA TECHNOLOGIES INC	$284.48M	N/A	0.00%	N/A	N/A	N/A	N/A
AMPG	AMPLITECH GROUP INC	$21.96M	N/A	0.00%	N/A	N/A	N/A	N/A
DOCU	DOCUSIGN INC	$12.28B	N/A	0.00%	N/A	N/A	N/A	N/A
AAOI	APPLIED OPTOELECTRONICS INC	$425.07M	N/A	0.00%	N/A	N/A	N/A	N/A
ROG	ROGERS CORP	$2.21B	N/A	0.00%	N/A	N/A	N/A	N/A
GRRR	GORILLA TECHNOLOGY GROUP INC	$40.46M	N/A	N/A	N/A	N/A	N/A	N/A
GPRO	GOPRO INC	$287.80M	N/A	0.00%	N/A	N/A	N/A	N/A
SNX	TD SYNNEX CORP	$10.31B	1.28%	21.00%	$0.4000	$1.50	25%	1
SWI	SOLARWINDS CORP	$1.97B	8.55%	1,666.70%	$1.0000	$1.00	91%	1
FICO	FAIR ISAAC CORP	$29.48B	N/A	0.00%	$0.0200	N/A	N/A	0
INFN	INFINERA CORP	$1.21B	N/A	0.00%	N/A	N/A	N/A	N/A
INTA	INTAPP INC	$2.24B	N/A	0.00%	N/A	N/A	N/A	N/A
TDC	TERADATA CORP	$3.63B	N/A	0.00%	$1.5000	N/A	N/A	0
VHC	VIRNETX HOLDING CORP	$19.11M	N/A	-256.70%	$20.0000	N/A	N/A	0
CRDO	CREDO TECHNOLOGY GROUP HOLDING LTD	$2.81B	N/A	0.00%	N/A	N/A	N/A	N/A
EBON	EBANG INTERNATIONAL HOLDINGS INC	$52.61M	N/A	0.00%	N/A	N/A	N/A	N/A
CYBR	CYBERARK SOFTWARE LTD	$9.65B	N/A	0.00%	N/A	N/A	N/A	N/A
CALX	CALIX INC	$1.94B	N/A	0.00%	N/A	N/A	N/A	N/A
CWAN	CLEARWATER ANALYTICS HOLDINGS INC	$4.34B	N/A	0.00%	N/A	N/A	N/A	N/A
OSS	ONE STOP SYSTEMS INC	$59.82M	N/A	0.00%	N/A	N/A	N/A	N/A
SPRU	SPRUCE POWER HOLDING CORP	$82.89M	N/A	0.00%	N/A	N/A	N/A	N/A
EXFY	EXPENSIFY INC	$141.44M	N/A	0.00%	N/A	N/A	N/A	N/A
USIO	USIO INC	$39.78M	N/A	0.00%	N/A	N/A	N/A	N/A
SLAB	SILICON LABORATORIES INC	$3.91B	N/A	0.00%	N/A	N/A	N/A	N/A
CLRO	CLEARONE INC	$25.17M	142.86%	-5,000.00%	$0.5000	$1.50	100%	2
SNOW	SNOWFLAKE INC	$53.24B	N/A	0.00%	N/A	N/A	N/A	N/A
DGII	DIGI INTERNATIONAL INC	$935.92M	N/A	0.00%	N/A	N/A	N/A	N/A
QH	QUHUO LTD	$3.53M	N/A	0.00%	N/A	N/A	N/A	N/A
BL	BLACKLINE INC	$3.75B	N/A	0.00%	N/A	N/A	N/A	N/A
QUIK	QUICKLOGIC CORP	$200.13M	N/A	0.00%	N/A	N/A	N/A	N/A
API	AGORA INC	$238.80M	N/A	0.00%	N/A	N/A	N/A	N/A
KVHI	KVH INDUSTRIES INC	$98.03M	N/A	0.00%	N/A	N/A	N/A	N/A
DAVE	DAVE INC	$552.47M	N/A	0.00%	N/A	N/A	N/A	N/A
INTC	INTEL CORP	$131.54B	1.21%	52.10%	$0.1250	$0.38	24%	1	2024-05-06	2024-06-01
MAXN	MAXEON SOLAR TECHNOLOGIES LTD	$124.56M	N/A	0.00%	N/A	N/A	N/A	N/A
PCOR	PROCORE TECHNOLOGIES INC	$9.97B	N/A	0.00%	N/A	N/A	N/A	N/A
SMWB	SIMILARWEB LTD	$588.31M	N/A	0.00%	N/A	N/A	N/A	N/A
BKSY	BLACKSKY TECHNOLOGY INC	$184.29M	N/A	0.00%	N/A	N/A	N/A	N/A
ALTR	ALTAIR ENGINEERING INC	$6.76B	N/A	0.00%	N/A	N/A	N/A	N/A
VERX	VERTEX INC	$4.52B	N/A	0.00%	N/A	N/A	N/A	N/A
ML	MONEYLION INC	$747.41M	N/A	0.00%	N/A	N/A	N/A	N/A
ADEA	ADEIA INC	$1.07B	1.01%	31.70%	$0.0500	$0.10	18%	2

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. 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.