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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
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
LOGI
LOGITECH INTERNATIONAL SA
United States
$12.34B154,819,96341.27%8.53%Net SellingNet Selling
YMM
FULL TRUCK ALLIANCE CO LTD
China
$7.97B21,073,370,8852.21%0.00%
AGYS
AGILYSYS INC
United States
$2.23B27,356,49636.95%63.05%Net SellingNet Selling
RMBS
RAMBUS INC
United States
$6.34B107,887,60388.34%11.66%Net SellingNet Selling
RDVT
RED VIOLET INC
United States
$254.28M13,964,02855.32%37.02%Net Selling
HLIT
HARMONIC INC
United States
$1.14B111,908,84995.65%4.35%Net SellingNet Selling
FSLR
FIRST SOLAR INC
United States
$18.49B106,848,92975.74%24.26%Net SellingNet Selling
PRFT
PERFICIENT INC
United States
$1.62B34,960,41587.56%12.44%Net BuyingNet Buying
EXLS
EXLSERVICE HOLDINGS INC
United States
$4.88B165,783,82088.70%11.30%Net SellingNet Selling
ANET
ARISTA NETWORKS INC
United States
$82.15B312,633,61267.79%27.04%Net SellingNet Selling
DV
DOUBLEVERIFY HOLDINGS INC
United States
$5.17B171,253,90256.02%43.98%Net SellingNet Selling
DLO
DLOCAL LTD
Uruguay
$4.50B290,657,01543.67%0.00%
ACLS
AXCELIS TECHNOLOGIES INC
United States
$3.40B32,625,76089.92%8.14%Net SellingNet Buying
GCT
GIGACLOUD TECHNOLOGY INC
Hong Kong
$1.43B40,797,42414.61%22.30%Net SellingNet Selling
OLED
UNIVERSAL DISPLAY CORP
United States
$7.30B47,365,60078.14%17.54%Net SellingNet Selling
EPAM
EPAM SYSTEMS INC
United States
$14.51B57,827,49859.97%40.03%Net BuyingNet Buying
ELTK
ELTEK LTD
Israel
$61.71M6,020,6936.68%0.00%
MSFT
MICROSOFT CORP
United States
$3.08T7,430,436,22971.15%6.24%Net SellingNet Selling
CSCO
CISCO SYSTEMS INC
United States
$194.04B4,049,187,08073.24%1.84%Net SellingNet Selling
CSIQ
CANADIAN SOLAR INC
Canada
$1.01B66,035,33151.15%0.00%
QCOM
QUALCOMM INC
United States
$188.14B1,116,000,00074.38%2.42%Net SellingNet Selling
ADI
ANALOG DEVICES INC
United States
$94.83B495,908,15086.84%1.36%Net SellingNet Selling
ODD
ODDITY TECH LTD
Israel
$1.99B56,866,67539.00%0.00%
ARRY
ARRAY TECHNOLOGIES INC
United States
$1.72B151,288,15999.01%0.99%Net SellingNet Selling
RELL
RICHARDSON ELECTRONICS LTD
United States
$141.36M14,278,44157.25%3.14%Net SellingNet Buying
UMC
UNITED MICROELECTRONICS CORP
Taiwan
$19.16B12,504,748,9840.97%0.00%
ON
ON SEMICONDUCTOR CORP
United States
$27.66B427,328,65270.12%29.88%Net SellingNet Selling
HKD
AMTD DIGITAL INC
Singapore
$614.54M76,578,1420.13%0.00%
FI
FISERV INC
United States
$86.43B590,402,53675.94%24.06%Net SellingNet Buying
TER
TERADYNE INC
United States
$16.06B153,080,60798.95%1.05%Net SellingNet Selling
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
United States
$33.82B497,842,03292.31%0.74%Net SellingNet Selling
PLAB
PHOTRONICS INC
United States
$1.72B63,353,71486.51%13.49%Net SellingNet Selling
YALA
YALLA GROUP LTD
United Arab Emirates
$744.00M159,656,3325.05%0.00%
SIMO
SILICON MOTION TECHNOLOGY CORP
Taiwan
$2.42B132,215,73219.50%0.00%
G
GENPACT LTD
Bermuda
$5.54B180,732,57528.65%71.35%Net SellingNet Selling
KLIC
KULICKE & SOFFA INDUSTRIES INC
Singapore
$2.67B56,341,10784.32%15.68%Net SellingNet Selling
LYTS
LSI INDUSTRIES INC
United States
$412.22M29,070,31373.87%13.82%Net SellingNet Buying
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
United States
$14.90B247,121,40667.77%32.23%Net BuyingNet Selling
PAYS
PAYSIGN INC
United States
$228.82M52,968,37411.90%88.10%Net BuyingNet Buying
GRMN
GARMIN LTD
Switzerland
$27.27B191,777,41746.16%53.84%Net SellingNet Selling
AUDC
AUDIOCODES LTD
Israel
$331.00M30,506,75342.97%0.00%
DAVA
ENDAVA PLC
United Kingdom
$1.79B58,300,69161.65%0.00%
JKS
JINKOSOLAR HOLDING CO LTD
China
$1.18B209,582,7188.48%0.00%
MRAM
EVERSPIN TECHNOLOGIES INC
United States
$161.10M21,225,49644.67%48.69%Net SellingNet Selling
TSEM
TOWER SEMICONDUCTOR LTD
Israel
$3.53B110,912,00058.27%0.00%
PANW
PALO ALTO NETWORKS INC
United States
$88.86B323,100,00079.69%5.21%Net SellingNet Selling
ACMR
ACM RESEARCH INC
United States
$1.76B61,095,01653.27%25.09%Net SellingNet Selling
MPTI
M-TRON INDUSTRIES INC
United States
$76.19M2,796,03120.98%31.80%Net SellingNet Selling
DOX
AMDOCS LTD
United Kingdom
$9.88B116,502,00092.83%0.00%
ITRN
ITURAN LOCATION & CONTROL LTD
Israel
$522.53M19,959,00066.93%0.00%
SPNS
SAPIENS INTERNATIONAL CORP N V
Netherlands Antilles
$1.71B55,733,23430.39%0.00%
CDW
CDW CORP
United States
$32.21B134,215,11979.99%20.01%Net SellingNet Selling
IMXI
INTERNATIONAL MONEY EXPRESS INC
United States
$717.49M33,732,40947.27%52.73%Net SellingNet Selling
CRUS
CIRRUS LOGIC INC
United States
$4.63B53,934,98488.69%2.87%Net SellingNet Selling
FTV
FORTIVE CORP
United States
$28.48B351,379,73586.91%13.09%Net SellingNet Selling
KARO
KAROOOOO LTD
Singapore
$816.34M30,951,10610.32%0.00%
FORM
FORMFACTOR INC
United States
$3.44B77,598,43394.48%5.52%Net SellingNet Selling
SANM
SANMINA CORP
United States
$3.23B55,776,07490.23%9.77%Net BuyingNet Selling
IBEX
IBEX LTD
United States
$234.59M17,572,12348.46%51.54%Net SellingNet Selling
PAGS
PAGSEGURO DIGITAL LTD
Cayman Islands
$3.90B329,608,22645.86%0.00%
TASK
TASKUS INC
United States
$946.08M88,666,95216.70%1.87%Net SellingNet Selling
ZI
ZOOMINFO TECHNOLOGIES INC
United States
$5.79B379,702,49265.71%34.29%Net SellingNet Selling
SCSC
SCANSOURCE INC
United States
$1.02B25,170,46896.41%3.59%Net BuyingNet Selling
CIEN
CIENA CORP
United States
$6.51B144,602,69291.92%3.34%Net SellingNet Selling
AEHR
AEHR TEST SYSTEMS
United States
$335.12M28,914,72969.46%15.42%Net SellingNet Buying
KEYS
KEYSIGHT TECHNOLOGIES INC
United States
$26.46B174,555,84284.42%1.09%Net SellingNet Selling
AMSWA
AMERICAN SOFTWARE INC
United States
$355.12M33,220,12976.88%3.23%Net Buying
ENPH
ENPHASE ENERGY INC
United States
$15.00B135,759,33954.93%45.07%Net BuyingNet Buying
FTNT
FORTINET INC
United States
$49.20B763,030,94863.75%14.64%Net SellingNet Selling
ADSK
AUTODESK INC
United States
$48.82B213,915,32587.02%12.98%Net SellingNet Selling
FFIV
F5 INC
United States
$10.77B58,806,23290.53%1.52%Net SellingNet Selling
CRCT
CRICUT INC
United States
$1.08B216,796,87412.14%10.67%Net SellingNet Selling
SHLS
SHOALS TECHNOLOGIES GROUP INC
United States
$1.42B170,329,50971.06%28.94%Net SellingNet Selling
ZM
ZOOM VIDEO COMMUNICATIONS INC
United States
$18.23B307,559,66259.12%3.05%Net SellingNet Selling
DSWL
DESWELL INDUSTRIES INC
China
$35.85M15,935,2392.55%0.00%
ASGN
ASGN INC
United States
$4.41B46,500,00093.48%6.52%Net SellingNet Selling
ALGM
ALLEGRO MICROSYSTEMS INC
United States
$5.21B193,125,83244.09%55.91%Net SellingNet Selling
NVEC
NVE CORP
United States
$405.57M4,833,40165.69%5.85%Net SellingNet Buying
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
United States
$22.80B117,772,21989.65%1.43%Net SellingNet Selling
TAIT
TAITRON COMPONENTS INC
United States
$18.91M6,021,18018.09%66.26%Net Buying
ASML
ASML HOLDING NV
Netherlands
$384.34B393,421,72118.60%0.00%
SWKS
SKYWORKS SOLUTIONS INC
United States
$15.86B160,225,89185.26%1.00%Net Selling
HPE
HEWLETT PACKARD ENTERPRISE CO
United States
$22.28B1,300,000,00080.63%0.51%Net BuyingNet Selling
LSCC
LATTICE SEMICONDUCTOR CORP
United States
$10.33B137,550,56497.90%2.10%Net SellingNet Selling
SPSC
SPS COMMERCE INC
United States
$6.04B36,973,66593.47%6.53%Net SellingNet Selling
KSPI
JOINT STOCK CO KASPIKZ
Kazakhstan
$21.24B189,333,4650.09%0.00%
AVGO
BROADCOM INC
United States
$615.91B463,421,23719.01%80.99%Net SellingNet Selling
SMCI
SUPER MICRO COMPUTER INC
United States
$54.61B55,933,33054.78%45.22%Net SellingNet Selling
WNS
WNS (HOLDINGS) LTD
India
$2.27B47,809,91597.48%0.00%
BELFA
BEL FUSE INC
United States
$885.95M12,756,67363.06%7.46%Net SellingNet Selling
PSN
PARSONS CORP
United States
$8.35B105,829,57998.37%1.30%Net SellingNet Selling
GDYN
GRID DYNAMICS HOLDINGS INC
United States
$800.00M75,973,72654.61%45.39%Net SellingNet Buying
NOW
SERVICENOW INC
United States
$152.68B205,000,00069.11%30.89%Net SellingNet Selling
IBM
INTERNATIONAL BUSINESS MACHINES CORP
United States
$168.45B916,744,84858.87%0.44%Net SellingNet Selling
UI
UBIQUITI INC
United States
$6.47B60,461,1921.67%98.33%Net Selling
TTD
TRADE DESK INC
United States
$40.16B488,936,83168.37%1.65%Net SellingNet Selling
DDOG
DATADOG INC
United States
$42.13B331,874,10769.94%3.80%Net SellingNet Selling
ITRI
ITRON INC
United States
$4.14B45,580,16381.86%18.14%Net SellingNet Selling
AMD
ADVANCED MICRO DEVICES INC
United States
$264.12B1,615,786,84170.38%24.87%Net SellingNet Selling
CSGS
CSG SYSTEMS INTERNATIONAL INC
United States
$1.41B29,443,28492.53%7.47%Net SellingNet Selling

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+0.03%-5.95%-2.57%-21.42%17.75x2.64x+69.42%+9.39%+17.61%+21.89%Buy
38+5.39%+0.42%-2.68%+152.07%42.44x13.87x-25.43%+9.72%+18.06%+7.61%Buy
18-0.60%-1.42%-4.07%-5.95%24.50x20.72x+149.63%+28.21%+53.05%+24.30%Buy
44-0.49%-4.75%-1.46%+8.30%25.64x3.45x+21.32%+9.45%+14.48%+14.83%Buy
10+0.44%-0.59%+8.59%+29.76%17.10x1.33x+12.31%+3.91%+12.73%+5.75%Hold
65-0.53%-5.14%-6.80%+9.30%23.76x4.56x+25.80%+7.96%+16.32%+17.01%Buy
33-0.32%-4.76%-2.72%-2.65%-4.63x3.12x+9.05%+6.12%+8.96%+11.57%Buy
29+1.88%-1.79%+2.27%+56.10%39.04x12.10x+56.55%+19.38%+32.76%+6.46%Buy
69+0.93%-3.27%+0.08%+28.80%61.84x8.02x+51.80%+29.83%+33.63%+15.25%Strong Buy
249-0.52%-6.44%-5.31%+19.46%99.33x6.48x+7.42%+4.62%+7.51%+18.29%Buy
138+0.12%-5.06%-5.12%+12.53%77.14x11.90x-35.91%+15.36%+24.60%+20.76%Buy
23-1.86%-11.59%-1.87%-57.33%25.88x2.44x+16.31%+8.63%+12.80%+42.13%Buy

Tech Stocks FAQ

What are the best tech stocks to buy right now in Apr 2024?

According to Zen Score, the 3 best technology stocks to buy right now are:

1. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the top tech stock with a Zen Score of 69, which is 39 points higher than the tech sector average of 30. It passed 25 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 34.36% over the past year, overperforming other tech stocks by 17 percentage points.

Logitech International Sa has an average 1 year price target of $96.17, an upside of 20.68% from Logitech International Sa's current stock price of $79.69.

Logitech International Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Logitech International Sa, 50% have issued a Strong Buy rating, 0% have issued a Buy, 33.33% have issued a Hold, while 0% have issued a Sell rating, and 16.67% 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 38 points higher than the tech sector average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Full Truck Alliance Co has seen its stock return 5.44% over the past year, underperforming other tech stocks by -12 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -20.63% from Full Truck Alliance Co's current stock price of $7.56.

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. Agilysys (NASDAQ:AGYS)


Agilysys (NASDAQ:AGYS) is the third best tech stock with a Zen Score of 68, which is 38 points higher than the tech sector average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Agilysys has seen its stock lose -4.57% over the past year, underperforming other tech stocks by -22 percentage points.

Agilysys has an average 1 year price target of $100.00, an upside of 22.52% from Agilysys's current stock price of $81.62.

Agilysys stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Agilysys, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% 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 122 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 357.14%, which is 350 percentage points higher than the tech sector average of 7.2%. 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 high dividend yield might not be sustainable for the long-term.

2. Clearone (NASDAQ:CLRO)


Clearone (NASDAQ:CLRO) has an annual dividend yield of 162.16%, which is 155 percentage points higher than the tech sector average of 7.2%. 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.

3. Wisekey International Holding Sa (NASDAQ:WKEY)


Wisekey International Holding Sa (NASDAQ:WKEY) has an annual dividend yield of 128.44%, which is 121 percentage points higher than the tech sector average of 7.2%.

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.

Why are tech stocks up?

Tech stocks were up 0.29% in the last day, and down -4.71% over the last week. Wisa Technologies was the among the top gainers in the technology sector, gaining 248.57% yesterday.

WiSA shares are trading higher on continued upward momentum after the company announced a 5-year WiSA E licensing agreement with an HDTV/PTV brand.

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 75 points higher than the tech sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -18.53% in the past year. It has underperformed other stocks in the tech sector by -36 percentage points.

2. Eltek (NASDAQ:ELTK)


Eltek (NASDAQ:ELTK) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. Eltek has a valuation score of 100, which is 75 points higher than the tech sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Eltek's stock has gained 154.34% in the past year. It has overperformed other stocks in the tech sector by 137 percentage points.

3. Himax Technologies (NASDAQ:HIMX)


Himax Technologies (NASDAQ:HIMX) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Himax Technologies has a valuation score of 100, which is 75 points higher than the tech sector average of 25. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -29.01% in the past year. It has underperformed other stocks in the tech sector by -47 percentage points.

Are tech stocks a good buy now?

40.92% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 16.37% 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 58.88x.
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.