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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)
SMTC
SEMTECH CORP
United States
$2.58B64,563,18195.97%4.03%Net SellingNet Selling
ETWO
E2OPEN PARENT HOLDINGS INC
United States
$1.54B306,526,29466.74%33.26%Net SellingNet Selling
MSTR
MICROSTRATEGY INC
United States
$28.10B17,737,43153.31%0.62%Net SellingNet Buying
KC
KINGSOFT CLOUD HOLDINGS LTD
China
$917.83M3,805,284,8010.72%0.00%
BTCM
BIT MINING LTD
United States
$28.34M1,111,232,3090.03%0.00%
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
India
$2.22M694,4770.25%0.00%
SQNS
SEQUANS COMMUNICATIONS
France
$32.01M246,262,00414.77%0.00%
MSAI
MULTISENSOR AI HOLDINGS INC
United States
$34.66M13,753,1473.93%76.23%
EVBG
EVERBRIDGE INC
United States
$1.45B41,616,02787.06%12.94%Net SellingNet Selling
BAND
BANDWIDTH INC
United States
$600.92M27,007,71766.75%13.10%Net SellingNet Selling
CLVT
CLARIVATE PLC
United States
$4.02B668,237,61060.84%39.16%Net SellingNet Selling
UAVS
AGEAGLE AERIAL SYSTEMS INC
United States
$7.96M11,941,4270.33%99.67%Net BuyingNet Buying
WRAP
WRAP TECHNOLOGIES INC
United States
$72.95M44,214,16911.58%45.47%Net Buying
SATS
ECHOSTAR CORP
United States
$4.78B271,522,44540.74%7.18%Net BuyingNet Buying
CISO
CISO GLOBAL INC
United States
$10.28M12,232,3790.29%99.71%
LKCO
LUOKUNG TECHNOLOGY CORP
China
$10.13M17,517,8171.01%0.00%
EGIO
EDGIO INC
United States
$58.81M5,638,6700.15%99.85%Net BuyingNet Selling
ALAB
ASTERA LABS INC
United States
$11.29B155,701,30127.19%31.91%Net BuyingNet Buying
XRX
XEROX HOLDINGS CORP
United States
$1.73B124,198,43251.59%48.41%Net SellingNet Buying
XTIA
XTI AEROSPACE INC
United States
$15.57M9,919,4110.56%99.44%Net SellingNet Selling
ZEPP
ZEPP HEALTH CORP
China
$53.58M240,827,1513.55%0.00%
KSCP
KNIGHTSCOPE INC
United States
$40.45M106,998,9344.55%14.02%Net Buying
SATX
SATIXFY COMMUNICATIONS LTD
Israel
$51.53M83,114,19312.30%0.00%
MRT
MARTI TECHNOLOGIES INC
United States
$103.81M57,036,0942.63%0.00%
RPD
RAPID7 INC
United States
$2.38B62,324,54752.23%47.77%Net SellingNet Selling
MRVL
MARVELL TECHNOLOGY INC
United States
$62.28B866,000,00068.68%31.32%Net SellingNet Selling
DBD
DIEBOLD NIXDORF INC
United States
$1.67B37,566,66882.51%17.49%Net SellingNet Selling
NTRP
NEXTTRIP INC
United States
$2.05M780,4230.16%99.84%Net Buying
AILE
ILEARNINGENGINES INC
United States
$906.62M134,313,4940.21%99.79%Net BuyingNet Buying
FCUV
FOCUS UNIVERSAL INC
United States
$19.37M64,771,8174.96%19.81%
OST
OSTIN TECHNOLOGY GROUP CO LTD
China
$6.53M14,006,2500.18%0.00%
EZFL
EZFILL HOLDINGS INC
United States
$12.61M4,812,1920.21%99.79%Net Buying
LPL
LG DISPLAY CO LTD
Republic Of Korea
$3.91B500,000,0003.34%0.00%
SYNA
SYNAPTICS INC
United States
$3.73B39,497,53891.93%5.01%Net SellingNet Selling
TURB
TURBO ENERGY SA
Spain
$13.11M55,085,7000.11%0.00%
SGN
SIGNING DAY SPORTS INC
United States
$4.63M15,381,6532.80%21.30%Net Buying
MRDB
MARIADB PLC
Ireland
$34.64M68,997,81918.33%26.99%
ARBB
ARB IOT GROUP LTD
Singapore
$22.37M26,437,5000.00%0.00%
CAMP
CALAMP CORP
United States
$6.23M1,652,0202.94%97.06%Net SellingNet Selling
ALIT
ALIGHT INC
United States
$4.52B561,490,28274.60%25.40%Net SellingNet Selling
DHX
DHI GROUP INC
United States
$118.43M48,340,12125.27%74.73%Net SellingNet Selling
IDAI
T STAMP INC
United States
$7.21M10,599,8121.84%91.28%Net Buying
POET
POET TECHNOLOGIES INC
Canada
$106.49M48,187,0381.81%0.00%
PEGY
PINEAPPLE ENERGY INC
United States
$10.07M95,943,5769.82%6.18%Net SellingNet Selling
RBRK
RUBRIK INC
United States
N/A175,433,7850.00%0.00%
XELA
EXELA TECHNOLOGIES INC
United States
$16.23M6,365,3510.14%99.86%Net BuyingNet Buying
NA
NANO LABS LTD
China
$40.16M65,831,4370.04%0.00%
GREE
GREENIDGE GENERATION HOLDINGS INC
United States
$24.23M9,809,5329.72%28.72%Net BuyingNet Selling
JTAI
JETAI INC
Cayman Islands
$8.55M12,721,4682.02%9.00%Net Selling
ST
SENSATA TECHNOLOGIES HOLDING PLC
United Kingdom
$6.45B150,738,90744.05%55.95%Net BuyingNet Buying
AISP
AIRSHIP AI HOLDINGS INC
United States
$100.97M23,159,1194.30%95.70%Net Buying
NVNI
NVNI GROUP LTD
Cayman Islands
N/A31,617,3700.35%0.00%
ISDR
ISSUER DIRECT CORP
United States
$38.14M3,817,37910.98%89.02%Net BuyingNet Buying
LEDS
SEMILEDS CORP
Taiwan
$10.98M7,175,2380.21%99.79%Net Buying
UPLD
UPLAND SOFTWARE INC
United States
$76.71M27,592,89944.90%55.10%Net SellingNet Selling
AUUD
AUDDIA INC
United States
$3.91M2,794,1960.87%99.13%Net Selling
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
Ireland
$20.01B209,988,54212.08%87.92%Net SellingNet Selling
ENV
ENVESTNET INC
United States
$3.74B55,109,09768.19%31.81%Net BuyingNet Buying
MINM
MINIM INC
United States
$10.38M2,965,9000.08%99.92%Net Buying
ZPTA
ZAPATA COMPUTING HOLDINGS INC
United States
$29.10M31,982,8161.93%6.77%
KNW
KNOW LABS INC
United States
$55.67M85,512,1663.12%39.97%Net Buying
NATL
NCR ATLEOS CORP
United States
$2.06B72,116,23189.73%0.63%Net BuyingNet Selling
UIS
UNISYS CORP
United States
$344.07M69,228,51582.46%10.04%Net SellingNet Selling
LDTC
LEDDARTECH HOLDINGS INC
Canada (Federal Level)
$64.16M28,770,9307.97%0.00%
TCX
TUCOWS INC
Canada
$207.73M10,950,65614.96%85.04%Net SellingNet Selling
XBP
XBP EUROPE HOLDINGS INC
United States
$76.32M30,166,10217.46%82.54%Net Selling
BNZI
BANZAI INTERNATIONAL INC
United States
$6.68M21,633,5946.21%93.79%Net BuyingNet Buying
ASNS
ACTELIS NETWORKS INC
United States
$1.75M3,354,45510.40%25.14%Net SellingNet Selling
GCTS
GCT SEMICONDUCTOR HOLDING INC
United States
$243.68M45,890,1641.90%27.25%
KSPI
JOINT STOCK CO KASPIKZ
Kazakhstan
$22.35B190,008,89020.07%0.00%
CAUD
COLLECTIVE AUDIENCE INC
United States
$6.71M13,158,0781.90%55.39%Net SellingNet Selling
SMXT
SOLARMAX TECHNOLOGY INC
United States
$558.69M44,982,7972.80%0.00%
WISA
WISA TECHNOLOGIES INC
United States
$5.45M1,672,93857.32%42.68%Net Selling
COMM
COMMSCOPE HOLDING COMPANY INC
United States
$280.21M212,276,65882.29%5.76%Net BuyingNet Buying
RDZN
ROADZEN INC
United States
$234.07M68,440,8297.16%81.31%Net Buying
RXT
RACKSPACE TECHNOLOGY INC
United States
$474.56M223,850,54774.61%18.14%Net SellingNet Selling
BTDR
BITDEER TECHNOLOGIES GROUP
Singapore
$655.75M114,843,0004.29%1.77%
ASTI
ASCENT SOLAR TECHNOLOGIES INC
United States
$3.81M30,735,5010.00%100.00%Net BuyingNet Buying
AWIN
AERWINS TECHNOLOGIES INC
Japan
$4.31M924,8901.50%98.50%
GETR
GETAROUND INC
United States
$18.81M93,105,05528.79%36.18%
INTZ
INTRUSION INC
United States
$7.99M4,904,1950.24%99.76%Net BuyingNet Buying
HUBC
HUB CYBER SECURITY LTD
Israel
$7.83M8,879,1360.60%55.28%
VVPR
VIVOPOWER INTERNATIONAL PLC
United States
$8.28M2,578,8261.40%15.78%Net BuyingNet Buying
MOBX
MOBIX LABS INC
United States
$67.97M27,187,7174.09%32.61%Net Buying
OPTX
SYNTEC OPTICS HOLDINGS INC
United States
$19.34M6,139,7160.94%99.06%

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
66+0.33%+3.51%+13.86%+0.01%8.90x2.82x+39.55%+8.64%+15.94%+13.67%Buy
35-0.85%+7.18%+3.53%+154.60%38.33x14.40x-27.44%+10.64%+17.97%+9.60%Buy
19-0.38%+3.52%+7.87%+1.64%28.84x23.24x+142.75%+28.02%+54.15%+16.01%Buy
44+0.24%+1.80%+12.79%+18.46%21.86x3.90x+20.97%+9.77%+15.19%+5.53%Buy
10+0.00%+2.50%+8.24%+36.07%15.09x1.46x+11.24%+3.60%+11.71%-2.57%Hold
62-0.46%+0.92%+2.78%+17.47%27.32x4.56x+24.53%+8.09%+16.40%+14.60%Buy
32+0.32%+2.23%+10.19%+9.70%13.63x3.31x+8.46%+6.49%+13.44%+4.63%Buy
29-0.69%+1.11%+6.64%+45.83%37.71x11.91x+51.04%+18.23%+30.74%+8.78%Buy
67-0.64%+3.62%+10.27%+45.30%66.74x8.38x+51.79%+29.89%+33.61%+9.82%Buy
248+1.44%+5.82%+8.94%+33.55%32.16x6.56x+5.58%+4.72%+7.73%+12.97%Buy
147-0.05%+2.42%+4.02%+14.54%45.36x11.92x+26.21%+15.01%+24.28%+18.89%Buy
26-0.87%+2.97%+3.56%-50.14%24.31x2.67x+11.23%+6.71%+10.76%+31.26%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 69, which is 40 points higher than the tech sector average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Rambus has seen its stock return 8.25% over the past year, underperforming other tech stocks by -19 percentage points.

Rambus has an average 1 year price target of $81.67, an upside of 40.88% from Rambus's current stock price of $57.97.

Rambus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 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. Dlocal (NASDAQ:DLO)


Dlocal (NASDAQ:DLO) is the second best tech stock with a Zen Score of 66, which is 37 points higher than the tech sector average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Dlocal has seen its stock lose -31.5% over the past year, underperforming other tech stocks by -59 percentage points.

Dlocal has an average 1 year price target of $18.00, an upside of 87.7% from Dlocal's current stock price of $9.59.

Dlocal stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Dlocal, 37.5% have issued a Strong Buy rating, 0% have issued a Buy, 62.5% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Epam Systems (NYSE:EPAM)


Epam Systems (NYSE:EPAM) is the third best tech stock with a Zen Score of 66, which is 37 points higher than the tech sector average of 29. It passed 21 out of 33 due diligence checks and has strong fundamentals. Epam Systems has seen its stock lose -19.37% over the past year, underperforming other tech stocks by -47 percentage points.

Epam Systems has an average 1 year price target of $281.88, an upside of 50.09% from Epam Systems's current stock price of $187.80.

Epam Systems stock has a consensus Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Epam Systems, 50% have issued a Strong Buy rating, 12.5% have issued a Buy, 37.5% 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 118 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 3.25%. 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 0% 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 145.08%, which is 142 percentage points higher than the tech sector average of 3.25%.

Wisekey International Holding Sa's dividend payout ratio of -1,098% indicates that its high dividend yield might not be sustainable for the long-term.

3. Mind Cti (NASDAQ:MNDO)


Mind Cti (NASDAQ:MNDO) has an annual dividend yield of 12.73%, which is 9 percentage points higher than the tech sector average of 3.25%. Mind Cti's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Mind Cti's dividend has not shown consistent growth over the last 10 years.

Mind Cti's dividend payout ratio of 92.3% indicates that its high dividend yield might not be sustainable for the long-term.

Why are tech stocks up?

Tech stocks were up 0.23% in the last day, and up 3.61% over the last week. Mmtec was the among the top gainers in the technology sector, gaining 16.64% yesterday.

Shares of US-listed Chinese stocks are trading higher after China unveiled measures to support the property sector.

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 78 points higher than the tech sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -17.76% in the past year. It has underperformed other stocks in the tech sector by -45 percentage points.

2. International Money Express (NASDAQ:IMXI)


International Money Express (NASDAQ:IMXI) is the second most undervalued tech stock based on WallStreetZen's Valuation Score. International Money Express has a valuation score of 100, which is 78 points higher than the tech sector average of 22. It passed 7 out of 7 valuation due diligence checks.

International Money Express's stock has dropped -9.03% in the past year. It has underperformed other stocks in the tech sector by -36 percentage points.

3. Skyworks Solutions (NASDAQ:SWKS)


Skyworks Solutions (NASDAQ:SWKS) is the third most undervalued tech stock based on WallStreetZen's Valuation Score. Skyworks Solutions has a valuation score of 100, which is 78 points higher than the tech sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Skyworks Solutions's stock has dropped -5.52% in the past year. It has underperformed other stocks in the tech sector by -33 percentage points.

Are tech stocks a good buy now?

41.41% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 12.49% 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 44.41x.
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.