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)
SSTI	SOUNDTHINKING INC	$172.37M	N/A	0.00%	N/A	N/A	N/A	N/A
ONDS	ONDAS HOLDINGS INC	$52.68M	N/A	0.00%	N/A	N/A	N/A	N/A
CPTN	CEPTON INC	$48.56M	N/A	0.00%	N/A	N/A	N/A	N/A
BILL	BILL HOLDINGS INC	$5.95B	N/A	0.00%	N/A	N/A	N/A	N/A
GEN	GEN DIGITAL INC	$12.76B	2.50%	22.30%	$0.1250	$0.50	48%	1
TENB	TENABLE HOLDINGS INC	$5.27B	N/A	0.00%	N/A	N/A	N/A	N/A
ITI	ITERIS INC	$197.38M	N/A	0.00%	N/A	N/A	N/A	N/A
SOS	SOS LTD	$9.44M	N/A	0.00%	N/A	N/A	N/A	N/A
AMBA	AMBARELLA INC	$1.96B	N/A	0.00%	N/A	N/A	N/A	N/A
BMBL	BUMBLE INC	$1.83B	N/A	0.00%	N/A	N/A	N/A	N/A
VERB	VERB TECHNOLOGY COMPANY INC	$11.74M	N/A	0.00%	N/A	N/A	N/A	N/A
AXTI	AXT INC	$161.95M	N/A	0.00%	N/A	N/A	N/A	N/A
LYFT	LYFT INC	$6.88B	N/A	0.00%	N/A	N/A	N/A	N/A
OCFT	ONECONNECT FINANCIAL TECHNOLOGY CO LTD	$93.43M	N/A	0.00%	N/A	N/A	N/A	N/A
SQ	BLOCK INC	$42.87B	N/A	0.00%	N/A	N/A	N/A	N/A
BB	BLACKBERRY LTD	$1.73B	N/A	0.00%	N/A	N/A	N/A	N/A
MMAT	META MATERIALS INC	$21.13M	N/A	0.00%	N/A	N/A	N/A	N/A
WEAV	WEAVE COMMUNICATIONS INC	$587.07M	N/A	0.00%	N/A	N/A	N/A	N/A
FSLY	FASTLY INC	$1.16B	N/A	0.00%	N/A	N/A	N/A	N/A
ASAN	ASANA INC	$3.53B	N/A	0.00%	N/A	N/A	N/A	N/A
PYCR	PAYCOR HCM INC	$3.08B	N/A	0.00%	N/A	N/A	N/A	N/A
BMR	BEAMR IMAGING LTD	$75.05M	N/A	0.00%	N/A	N/A	N/A	N/A
OSPN	ONESPAN INC	$468.91M	N/A	0.00%	N/A	N/A	N/A	N/A
AMST	AMESITE INC	$8.42M	N/A	0.00%	N/A	N/A	N/A	N/A
VICR	VICOR CORP	$1.51B	N/A	0.00%	N/A	N/A	N/A	N/A
WKME	WALKME LTD	$736.91M	N/A	0.00%	N/A	N/A	N/A	N/A
FIVN	FIVE9 INC	$4.28B	N/A	0.00%	N/A	N/A	N/A	N/A
ISUN	ISUN INC	$6.30M	N/A	N/A	N/A	N/A	N/A	N/A
INST	INSTRUCTURE HOLDINGS INC	$2.85B	N/A	0.00%	N/A	N/A	N/A	N/A
VS	VERSUS SYSTEMS INC	$3.48M	N/A	0.00%	N/A	N/A	N/A	N/A
PAR	PAR TECHNOLOGY CORP	$1.25B	N/A	0.00%	$0.3100	N/A	N/A	0
LGL	LGL GROUP INC	$28.69M	N/A	0.00%	N/A	N/A	N/A	N/A
DUOT	DUOS TECHNOLOGIES GROUP INC	$22.43M	N/A	0.00%	N/A	N/A	N/A	N/A
STEM	STEM INC	$219.85M	N/A	0.00%	N/A	N/A	N/A	N/A
ARQQ	ARQIT QUANTUM INC	$67.06M	N/A	0.00%	N/A	N/A	N/A	N/A
AMPL	AMPLITUDE INC	$1.21B	N/A	0.00%	N/A	N/A	N/A	N/A
AOSL	ALPHA & OMEGA SEMICONDUCTOR LTD	$632.31M	N/A	0.00%	N/A	N/A	N/A	N/A
DAY	DAYFORCE INC	$9.05B	N/A	0.00%	N/A	N/A	N/A	N/A
SMSI	SMITH MICRO SOFTWARE INC	$21.92M	N/A	0.00%	N/A	N/A	N/A	N/A
MX	MAGNACHIP SEMICONDUCTOR CORP	$194.75M	N/A	0.00%	N/A	N/A	N/A	N/A
ANY	SPHERE 3D CORP	$18.15M	N/A	0.00%	N/A	N/A	N/A	N/A
BSY	BENTLEY SYSTEMS INC	$15.83B	0.09%	9.50%	$0.0500	$0.05	1%	0
GDS	GDS HOLDINGS LTD	$1.67B	N/A	0.00%	N/A	N/A	N/A	N/A
LUNA	LUNA INNOVATIONS INC	$103.91M	N/A	0.00%	N/A	N/A	N/A	N/A
NEON	NEONODE INC	$31.95M	N/A	0.00%	N/A	N/A	N/A	N/A
TRMB	TRIMBLE INC	$13.74B	N/A	0.00%	N/A	N/A	N/A	N/A
SMAR	SMARTSHEET INC	$5.30B	N/A	0.00%	N/A	N/A	N/A	N/A
SYTA	SIYATA MOBILE INC	$1.76M	N/A	0.00%	N/A	N/A	N/A	N/A
AZPN	ASPEN TECHNOLOGY INC	$12.84B	N/A	0.00%	N/A	N/A	N/A	N/A
CEVA	CEVA INC	$485.19M	N/A	0.00%	N/A	N/A	N/A	N/A
DSP	VIANT TECHNOLOGY INC	$533.35M	N/A	0.00%	N/A	N/A	N/A	N/A
KOSS	KOSS CORP	$28.69M	N/A	0.00%	N/A	N/A	N/A	N/A
KLTR	KALTURA INC	$177.64M	N/A	0.00%	N/A	N/A	N/A	N/A
RVYL	RYVYL INC	$8.27M	N/A	0.00%	N/A	N/A	N/A	N/A
LTRX	LANTRONIX INC	$136.79M	N/A	0.00%	N/A	N/A	N/A	N/A
WRNT	WARRANTEE INC	$6.68M	N/A	0.00%	N/A	N/A	N/A	N/A
HUBS	HUBSPOT INC	$30.42B	N/A	0.00%	N/A	N/A	N/A	N/A
AIP	ARTERIS INC	$315.91M	N/A	0.00%	N/A	N/A	N/A	N/A
RGTI	RIGETTI COMPUTING INC	$222.43M	N/A	0.00%	N/A	N/A	N/A	N/A
APPN	APPIAN CORP	$2.31B	N/A	0.00%	N/A	N/A	N/A	N/A
CLBT	CELLEBRITE DI LTD	$2.20B	N/A	0.00%	N/A	N/A	N/A	N/A
PI	IMPINJ INC	$4.47B	N/A	0.00%	N/A	N/A	N/A	N/A
XPER	XPERI INC	$476.80M	1.86%	-6.30%	$0.0500	$0.20	38%	0
LITE	LUMENTUM HOLDINGS INC	$3.02B	N/A	0.00%	N/A	N/A	N/A	N/A
OUST	OUSTER INC	$392.89M	N/A	0.00%	N/A	N/A	N/A	N/A
LAES	SEALSQ CORP	$19.81M	N/A	0.00%	N/A	N/A	N/A	N/A
ICG	INTCHAINS GROUP LTD	$500.78M	N/A	0.00%	N/A	N/A	N/A	N/A
AIRG	AIRGAIN INC	$55.15M	N/A	0.00%	N/A	N/A	N/A	N/A
REFR	RESEARCH FRONTIERS INC	$53.28M	N/A	0.00%	N/A	N/A	N/A	N/A
NTWK	NETSOL TECHNOLOGIES INC	$29.05M	N/A	0.00%	N/A	N/A	N/A	N/A
QUBT	QUANTUM COMPUTING INC	$70.16M	N/A	0.00%	N/A	N/A	N/A	N/A
TWKS	THOUGHTWORKS HOLDING INC	$726.15M	N/A	0.00%	N/A	N/A	N/A	N/A
VIAV	VIAVI SOLUTIONS INC	$1.69B	N/A	0.00%	N/A	N/A	N/A	N/A
TGAN	TRANSPHORM INC	$308.74M	N/A	0.00%	N/A	N/A	N/A	N/A
TYGO	TIGO ENERGY INC	$66.85M	N/A	0.00%	N/A	N/A	N/A	N/A
CNDT	CONDUENT INC	$791.74M	N/A	0.00%	N/A	N/A	N/A	N/A
VNET	VNET GROUP INC	$482.80M	N/A	0.00%	N/A	N/A	N/A	N/A
FOUR	SHIFT4 PAYMENTS INC	$5.12B	N/A	0.00%	N/A	N/A	N/A	N/A
ESTC	ELASTIC NV	$10.65B	N/A	0.00%	N/A	N/A	N/A	N/A
RCAT	RED CAT HOLDINGS INC	$83.94M	N/A	0.00%	N/A	N/A	N/A	N/A
INVE	IDENTIV INC	$116.65M	N/A	0.00%	N/A	N/A	N/A	N/A
SCKT	SOCKET MOBILE INC	$8.23M	N/A	0.00%	N/A	N/A	N/A	N/A
ASUR	ASURE SOFTWARE INC	$181.72M	N/A	0.00%	N/A	N/A	N/A	N/A
MOB	MOBILICOM LTD	$5.52M	N/A	0.00%	N/A	N/A	N/A	N/A
ONTF	ON24 INC	$275.47M	N/A	-94.00%	N/A	N/A	N/A	N/A
GDDY	GODADDY INC	$17.43B	N/A	0.00%	N/A	N/A	N/A	N/A
NTGR	NETGEAR INC	$338.10M	N/A	0.00%	N/A	N/A	N/A	N/A
SSYS	STRATASYS LTD	$677.06M	N/A	0.00%	N/A	N/A	N/A	N/A
WYY	WIDEPOINT CORP	$18.13M	N/A	0.00%	N/A	N/A	N/A	N/A
GNSS	GENASYS INC	$98.62M	N/A	0.00%	$0.0100	N/A	N/A	0
PERF	PERFECT CORP	$221.42M	N/A	0.00%	N/A	N/A	N/A	N/A
ZUO	ZUORA INC	$1.47B	N/A	0.00%	N/A	N/A	N/A	N/A
UPBD	UPBOUND GROUP INC	$1.68B	4.61%	-322.70%	$0.3700	$1.42	76%	1
LINK	INTERLINK ELECTRONICS INC	$54.23M	N/A	0.00%	N/A	N/A	N/A	N/A
ALLT	ALLOT LTD	$79.82M	N/A	0.00%	N/A	N/A	N/A	N/A
BTDR	BITDEER TECHNOLOGIES GROUP	$642.69M	N/A	0.00%	N/A	N/A	N/A	N/A
ALAR	ALARUM TECHNOLOGIES LTD	$170.87M	N/A	0.00%	N/A	N/A	N/A	N/A
JG	AURORA MOBILE LTD	$18.21M	N/A	0.00%	N/A	N/A	N/A	N/A
FTFT	FUTURE FINTECH GROUP INC	$16.99M	N/A	0.00%	N/A	N/A	N/A	N/A
DPSI	DECISIONPOINT SYSTEMS INC	$76.88M	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. 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.