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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
$12.30B154,819,96341.27%8.52%Net SellingNet Selling
YMM
FULL TRUCK ALLIANCE CO LTD
China
$9.29B21,073,370,8852.21%0.00%
PRFT
PERFICIENT INC
United States
$1.52B34,960,41587.56%12.44%Net BuyingNet Buying
RDVT
RED VIOLET INC
United States
$236.97M13,964,02855.32%37.04%Net Selling
AGYS
AGILYSYS INC
United States
$2.27B27,356,49636.95%63.05%Net SellingNet Selling
EXLS
EXLSERVICE HOLDINGS INC
United States
$4.89B165,783,82088.70%11.30%Net SellingNet Selling
RMBS
RAMBUS INC
United States
$6.53B107,887,60388.34%11.66%Net SellingNet Selling
ACLS
AXCELIS TECHNOLOGIES INC
United States
$3.42B32,625,76089.92%8.14%Net SellingNet Buying
YALA
YALLA GROUP LTD
United Arab Emirates
$753.08M158,543,1075.08%0.00%
DLO
DLOCAL LTD
Uruguay
$4.23B290,657,01543.67%0.00%
DV
DOUBLEVERIFY HOLDINGS INC
United States
$5.24B171,253,90256.02%43.98%Net SellingNet Selling
GCT
GIGACLOUD TECHNOLOGY INC
Hong Kong
$1.39B40,797,42414.61%21.44%Net SellingNet Selling
ODD
ODDITY TECH LTD
Israel
$1.85B56,866,67539.00%0.00%
EPAM
EPAM SYSTEMS INC
United States
$13.83B57,827,49859.97%40.03%Net BuyingNet Buying
OLED
UNIVERSAL DISPLAY CORP
United States
$7.67B47,365,60078.14%17.54%Net SellingNet Selling
JKS
JINKOSOLAR HOLDING CO LTD
China
$1.29B208,560,4778.52%0.00%
ELTK
ELTEK LTD
Israel
$64.24M6,020,6936.68%0.00%
ANET
ARISTA NETWORKS INC
United States
$82.43B312,633,61267.79%27.04%Net SellingNet Selling
FSLR
FIRST SOLAR INC
United States
$19.32B106,848,92975.74%24.26%Net SellingNet Selling
CSIQ
CANADIAN SOLAR INC
Canada
$1.09B66,158,74151.05%0.00%
G
GENPACT LTD
Bermuda
$5.62B180,732,57528.65%71.35%Net SellingNet Selling
MSFT
MICROSOFT CORP
United States
$2.99T7,432,305,79471.13%6.24%Net SellingNet Selling
CSCO
CISCO SYSTEMS INC
United States
$193.47B4,049,187,08073.24%1.84%Net SellingNet Selling
IMXI
INTERNATIONAL MONEY EXPRESS INC
United States
$707.71M33,732,40947.27%52.73%Net SellingNet Selling
ARRY
ARRAY TECHNOLOGIES INC
United States
$1.90B151,288,15999.02%0.98%Net SellingNet Selling
HLIT
HARMONIC INC
United States
$1.05B111,908,84995.65%4.35%Net SellingNet Selling
ADI
ANALOG DEVICES INC
United States
$101.12B495,908,15086.84%1.36%Net SellingNet Selling
HKD
AMTD DIGITAL INC
Singapore
$645.17M76,578,1420.13%0.00%
CTSH
COGNIZANT TECHNOLOGY SOLUTIONS CORP
United States
$33.12B497,842,03292.31%0.74%Net SellingNet Selling
SWKS
SKYWORKS SOLUTIONS INC
United States
$17.28B160,225,89185.26%1.00%Net Selling
RELL
RICHARDSON ELECTRONICS LTD
United States
$154.21M14,278,44157.25%3.21%Net SellingNet Buying
ZI
ZOOMINFO TECHNOLOGIES INC
United States
$6.24B379,702,49265.71%34.29%Net SellingNet Selling
QCOM
QUALCOMM INC
United States
$188.83B1,116,000,00074.38%2.42%Net SellingNet Selling
LYTS
LSI INDUSTRIES INC
United States
$436.35M29,070,31373.87%13.82%Net SellingNet Buying
PAYS
PAYSIGN INC
United States
$248.42M52,968,37411.90%88.10%Net BuyingNet Buying
AUDC
AUDIOCODES LTD
Israel
$338.62M30,506,75342.97%0.00%
MPTI
M-TRON INDUSTRIES INC
United States
$74.40M2,796,03120.98%32.16%Net SellingNet Buying
DOX
AMDOCS LTD
United Kingdom
$9.89B116,502,00092.83%0.00%
ITRN
ITURAN LOCATION & CONTROL LTD
Israel
$524.00M19,893,58067.15%0.00%
DAVA
ENDAVA PLC
United Kingdom
$1.75B58,300,69161.65%0.00%
TSEM
TOWER SEMICONDUCTOR LTD
Israel
$3.62B110,824,75458.32%0.00%
PANW
PALO ALTO NETWORKS INC
United States
$94.80B323,100,00079.69%5.19%Net SellingNet Selling
ON
ON SEMICONDUCTOR CORP
United States
$30.47B430,231,88970.12%29.88%Net SellingNet Selling
SPNS
SAPIENS INTERNATIONAL CORP N V
Netherlands Antilles
$1.76B55,733,23430.39%0.00%
CRUS
CIRRUS LOGIC INC
United States
$4.87B53,934,98488.69%2.87%Net SellingNet Selling
IBEX
IBEX LTD
United States
$234.94M17,572,12348.46%51.54%Net SellingNet Selling
UMC
UNITED MICROELECTRONICS CORP
Taiwan
$19.52B12,529,822,1600.97%0.00%
KARO
KAROOOOO LTD
Singapore
$921.69M30,951,10610.32%0.00%
ACMR
ACM RESEARCH INC
United States
$1.63B61,095,01653.27%25.09%Net SellingNet Selling
GRMN
GARMIN LTD
Switzerland
$27.84B191,777,41746.16%53.84%Net SellingNet Selling
KLIC
KULICKE & SOFFA INDUSTRIES INC
Singapore
$2.66B56,341,10784.32%15.68%Net SellingNet Selling
PAGS
PAGSEGURO DIGITAL LTD
Cayman Islands
$4.17B329,608,42445.86%0.00%
PLAB
PHOTRONICS INC
United States
$1.81B63,353,71486.51%13.49%Net SellingNet Selling
SIMO
SILICON MOTION TECHNOLOGY CORP
Taiwan
$2.48B132,215,73219.50%0.00%
ADSK
AUTODESK INC
United States
$46.37B213,915,32587.02%12.98%Net SellingNet Selling
AMSWA
AMERICAN SOFTWARE INC
United States
$339.18M33,220,12976.88%3.23%Net Buying
SCSC
SCANSOURCE INC
United States
$1.07B25,170,46896.41%3.59%Net BuyingNet Selling
FTNT
FORTINET INC
United States
$49.06B763,030,94863.75%14.64%Net SellingNet Buying
MRAM
EVERSPIN TECHNOLOGIES INC
United States
$158.77M21,225,49644.67%48.69%Net SellingNet Selling
FFIV
F5 INC
United States
$10.71B58,806,23290.53%1.52%Net SellingNet Selling
AEHR
AEHR TEST SYSTEMS
United States
$349.87M28,914,72969.46%15.42%Net SellingNet Buying
CRCT
CRICUT INC
United States
$1.17B216,796,87412.14%10.67%Net SellingNet Selling
TAIT
TAITRON COMPONENTS INC
United States
$19.21M6,021,18018.09%66.26%Net Buying
CDW
CDW CORP
United States
$33.01B134,215,11979.99%20.01%Net SellingNet Selling
EEFT
EURONET WORLDWIDE INC
United States
$4.79B45,782,74091.46%7.39%Net SellingNet Selling
TER
TERADYNE INC
United States
$18.11B153,080,60798.95%1.05%Net SellingNet Buying
ASGN
ASGN INC
United States
$4.59B46,500,00093.48%6.52%Net SellingNet Selling
SHLS
SHOALS TECHNOLOGIES GROUP INC
United States
$1.49B170,329,50971.06%28.94%Net SellingNet Selling
FI
FISERV INC
United States
$90.29B585,101,87375.94%24.06%Net SellingNet Buying
DSWL
DESWELL INDUSTRIES INC
China
$36.52M15,935,2392.55%0.00%
ZM
ZOOM VIDEO COMMUNICATIONS INC
United States
$19.47B307,559,66259.12%3.04%Net SellingNet Selling
CSGS
CSG SYSTEMS INTERNATIONAL INC
United States
$1.42B29,443,28492.53%7.47%Net SellingNet Selling
LSCC
LATTICE SEMICONDUCTOR CORP
United States
$10.57B137,550,56497.90%2.10%Net SellingNet Selling
TASK
TASKUS INC
United States
$1.03B88,666,95216.70%1.87%Net SellingNet Selling
SSNC
SS&C TECHNOLOGIES HOLDINGS INC
United States
$15.30B247,121,40667.77%32.23%Net BuyingNet Selling
KSPI
JOINT STOCK CO KASPIKZ
Kazakhstan
$21.98B189,333,4650.09%0.00%
KEYS
KEYSIGHT TECHNOLOGIES INC
United States
$26.22B174,555,84284.42%1.09%Net SellingNet Selling
AVGO
BROADCOM INC
United States
$620.34B463,421,23719.01%80.99%Net SellingNet Selling
ENPH
ENPHASE ENERGY INC
United States
$15.49B136,062,73754.94%45.06%Net BuyingNet Buying
GDYN
GRID DYNAMICS HOLDINGS INC
United States
$746.06M75,973,72654.62%45.38%Net SellingNet Buying
CIEN
CIENA CORP
United States
$6.76B144,602,69291.92%3.33%Net SellingNet Selling
SMCI
SUPER MICRO COMPUTER INC
United States
$49.80B55,933,33054.78%45.22%Net SellingNet Selling
SANM
SANMINA CORP
United States
$3.57B55,776,07490.23%9.77%Net BuyingNet Selling
PSN
PARSONS CORP
United States
$8.40B105,829,57998.37%1.30%Net SellingNet Selling
NOW
SERVICENOW INC
United States
$147.84B205,000,00069.11%30.89%Net SellingNet Selling
NVEC
NVE CORP
United States
$396.15M4,833,40165.69%5.85%Net Selling
TTD
TRADE DESK INC
United States
$41.32B488,936,83168.37%1.68%Net SellingNet Selling
AMAT
APPLIED MATERIALS INC
United States
$170.55B830,897,35680.24%2.85%Net SellingNet Selling
DDOG
DATADOG INC
United States
$42.83B331,874,10769.94%3.80%Net SellingNet Selling
FTV
FORTIVE CORP
United States
$27.11B352,028,66286.91%13.09%Net SellingNet Selling
IBM
INTERNATIONAL BUSINESS MACHINES CORP
United States
$153.49B916,744,84858.87%0.44%Net SellingNet Selling
QLYS
QUALYS INC
United States
$6.22B36,977,25970.70%29.30%Net SellingNet Selling
MSI
MOTOROLA SOLUTIONS INC
United States
$57.76B166,132,98169.23%30.77%Net SellingNet Selling
NVMI
NOVA LTD
Israel
$5.05B29,013,83774.15%7.78%
BELFA
BEL FUSE INC
United States
$892.97M12,756,67363.06%7.46%Net SellingNet Selling
ALGM
ALLEGRO MICROSYSTEMS INC
United States
$5.84B193,125,83244.09%55.91%Net SellingNet Selling
HIMX
HIMAX TECHNOLOGIES INC
Taiwan
$887.60M349,448,1026.30%0.00%
UBER
UBER TECHNOLOGIES INC
United States
$139.96B2,076,497,40073.80%26.20%Net SellingNet Selling
INFY
INFOSYS LTD
India
$70.40B4,148,560,04410.82%0.00%
DT
DYNATRACE INC
United States
$13.77B295,999,24662.81%37.19%Net SellingNet Selling

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65+0.92%+5.84%-2.03%-11.29%11.14x2.69x+70.33%+9.30%+17.56%+18.79%Buy
38+1.92%+13.72%-10.33%+152.25%38.72x13.96x-27.64%+9.83%+18.47%+15.79%Buy
18+2.65%+4.12%-0.20%-5.91%25.05x21.25x+149.75%+28.24%+53.09%+22.29%Buy
44+1.46%+4.37%-1.74%+15.31%26.32x3.58x+21.20%+9.66%+15.13%+13.40%Buy
10+0.56%+2.56%-1.02%+35.02%13.21x1.36x+12.27%+3.93%+12.66%+2.42%Hold
66+0.36%+0.45%-5.51%+12.58%23.49x4.50x+25.54%+7.92%+16.33%+16.43%Buy
33+1.13%+1.76%-3.91%+2.44%16.45x3.13x+9.01%+6.15%+8.96%+9.47%Buy
29+0.46%+8.09%-4.11%+52.66%39.66x11.62x+50.67%+18.10%+30.45%+10.26%Buy
69+0.73%+10.06%-2.51%+39.45%60.16x7.98x+52.10%+30.00%+33.75%+12.74%Buy
252+0.15%+1.29%-6.70%+25.53%92.00x6.52x+7.60%+4.51%+7.14%+19.70%Buy
138-0.11%+2.47%-4.23%+18.75%78.55x11.26x-38.49%+15.02%+24.35%+19.97%Buy
23+1.98%+4.69%-5.66%-46.68%32.52x2.54x+11.71%+7.26%+11.07%+34.34%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. Logitech International Sa (NASDAQ:LOGI)


Logitech International Sa (NASDAQ:LOGI) is the top tech stock with a Zen Score of 72, which is 42 points higher than the tech sector average of 30. It passed 26 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock return 30.27% over the past year, overperforming other tech stocks by 6 percentage points.

Logitech International Sa has an average 1 year price target of $96.40, an upside of 21.35% from Logitech International Sa's current stock price of $79.44.

Logitech International Sa stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Logitech International Sa, 40% have issued a Strong Buy rating, 0% have issued a Buy, 40% have issued a Hold, while 0% have issued a Sell rating, and 20% 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 35.69% over the past year, overperforming other tech stocks by 12 percentage points.

Full Truck Alliance Co has an average 1 year price target of $6.00, a downside of -31.97% from Full Truck Alliance Co's current stock price of $8.82.

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. Perficient (NASDAQ:PRFT)


Perficient (NASDAQ:PRFT) is the third best tech stock with a Zen Score of 67, which is 37 points higher than the tech sector average of 30. It passed 22 out of 33 due diligence checks and has strong fundamentals. Perficient has seen its stock lose -31.93% over the past year, underperforming other tech stocks by -56 percentage points.

Perficient has an average 1 year price target of $67.20, an upside of 54.62% from Perficient's current stock price of $43.46.

Perficient stock has a consensus Hold recommendation according to Wall Street analysts. Of the 5 analysts covering Perficient, 0% have issued a Strong Buy rating, 40% have issued a Buy, 60% 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 N/A, which is N/A percentage points lower than the tech sector average of 4.58%. 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. Clearone (NASDAQ:CLRO)


Clearone (NASDAQ:CLRO) has an annual dividend yield of 166.11%, which is 162 percentage points higher than the tech sector average of 4.58%. 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 142.13%, which is 138 percentage points higher than the tech sector average of 4.58%.

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 0.48% in the last day, and up 4.08% over the last week. Complete Solaria was the among the top gainers in the technology sector, gaining 91.6% yesterday.

Complete Solaria shares are trading higher after the company named T.J. Rodgers as CEO.

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 76 points higher than the tech sector average of 24. It passed 7 out of 7 valuation due diligence checks.

Himax Technologies's stock has dropped -22.91% 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 76 points higher than the tech sector average of 24. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -14.82% in the past year. It has underperformed other stocks in the tech sector by -39 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 76 points higher than the tech sector average of 24. It passed 7 out of 7 valuation due diligence checks.

International Money Express's stock has dropped -18.24% in the past year. It has underperformed other stocks in the tech sector by -42 percentage points.

Are tech stocks a good buy now?

40.18% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 16.63% 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 57.77x.
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.