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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)
MSI
MOTOROLA SOLUTIONS INC
United States
$56.34B166,132,98169.23%30.77%Net SellingNet Selling
DT
DYNATRACE INC
United States
$13.41B295,999,24662.81%37.19%Net SellingNet Selling
FORM
FORMFACTOR INC
United States
$3.46B77,598,43394.48%5.52%Net SellingNet Selling
WDAY
WORKDAY INC
United States
$64.61B264,000,00069.52%3.79%Net SellingNet Selling
CPAY
CORPAY INC
United States
$21.71B71,853,59950.73%49.27%Net BuyingNet Buying
PUBM
PUBMATIC INC
United States
$1.12B50,008,55443.82%3.35%Net SellingNet Selling
ANSS
ANSYS INC
United States
$28.27B87,017,80792.14%3.02%Net SellingNet Selling
AVT
AVNET INC
United States
$4.42B90,363,64570.18%29.82%Net SellingNet Selling
SRAD
SPORTRADAR GROUP AG
Switzerland
$2.78B1,111,464,90015.00%0.00%
HPQ
HP INC
United States
$27.55B980,731,95977.19%15.53%Net SellingNet Selling
SIMO
SILICON MOTION TECHNOLOGY CORP
Taiwan
$2.47B133,675,94019.29%0.00%
CIEN
CIENA CORP
United States
$6.68B144,602,69291.92%3.33%Net SellingNet Selling
APP
APPLOVIN CORP
United States
$24.13B341,996,98241.27%28.88%Net SellingNet Selling
SHOP
SHOPIFY INC
Canada
$90.32B1,286,570,29362.97%0.00%
AKAM
AKAMAI TECHNOLOGIES INC
United States
$15.29B151,530,30091.83%8.17%Net SellingNet Selling
DTST
DATA STORAGE CORP
United States
$33.49M6,919,9501.81%98.19%Net Buying
MCHP
MICROCHIP TECHNOLOGY INC
United States
$49.70B540,387,94973.05%26.95%Net BuyingNet Selling
CLMB
CLIMB GLOBAL SOLUTIONS INC
United States
$294.43M4,567,56842.41%57.59%Net SellingNet Selling
NXPI
NXP SEMICONDUCTORS NV
Netherlands
$65.50B255,683,78190.82%0.51%Net SellingNet Selling
NVDA
NVIDIA CORP
United States
$2.16T2,500,000,00065.24%4.38%Net SellingNet Selling
ASML
ASML HOLDING NV
Netherlands
$343.23B393,400,00018.60%0.00%
TDY
TELEDYNE TECHNOLOGIES INC
United States
$18.09B47,422,49091.36%5.21%Net BuyingNet Buying
BR
BROADRIDGE FINANCIAL SOLUTIONS INC
United States
$22.78B117,772,21989.65%1.43%Net SellingNet Selling
HCKT
HACKETT GROUP INC
United States
$598.58M27,597,19146.09%53.91%Net SellingNet Selling
BMI
BADGER METER INC
United States
$5.38B29,393,73088.83%4.29%Net SellingNet Selling
UI
UBIQUITI INC
United States
$6.50B60,461,1921.67%98.33%Net Selling
MNDO
MIND CTI LTD
Israel
$38.04M20,124,8268.80%0.00%
DAKT
DAKTRONICS INC
United States
$436.49M46,189,31161.68%19.10%Net Selling
CINT
CI&T INC
Cayman Islands
$529.58M134,412,0146.90%0.00%
ADBE
ADOBE INC
United States
$207.35B448,000,00082.63%0.73%Net SellingNet Selling
MPWR
MONOLITHIC POWER SYSTEMS INC
United States
$32.57B48,661,00073.82%26.18%Net SellingNet Selling
CHKP
CHECK POINT SOFTWARE TECHNOLOGIES LTD
Israel
$16.78B112,300,00069.62%0.00%
IMMR
IMMERSION CORP
United States
$230.46M31,700,66732.04%67.96%Net SellingNet Selling
VRNT
VERINT SYSTEMS INC
United States
$1.89B62,376,54676.31%23.69%Net SellingNet Selling
LFUS
LITTELFUSE INC
United States
$5.75B24,917,92595.96%3.57%Net SellingNet Selling
AMD
ADVANCED MICRO DEVICES INC
United States
$255.91B1,615,786,84170.38%24.87%Net SellingNet Selling
EGAN
EGAIN CORP
United States
$193.77M31,202,60338.68%61.32%
KLAC
KLA CORP
United States
$92.81B134,639,95186.87%5.81%Net SellingNet Selling
ARW
ARROW ELECTRONICS INC
United States
$6.87B53,813,93197.52%2.48%Net BuyingNet Buying
CPSH
CPS TECHNOLOGIES CORP
United States
$26.08M14,519,21511.17%49.16%Net BuyingNet Buying
STNE
STONECO LTD
Cayman Islands
$4.82B308,936,09967.54%0.00%
CLS
CELESTICA INC
Canada
$5.15B118,952,17467.75%0.00%
FN
FABRINET
Thailand
$6.28B36,308,43161.67%38.33%Net SellingNet Selling
INTU
INTUIT INC
United States
$175.16B279,979,00083.68%6.17%Net SellingNet Selling
LSCC
LATTICE SEMICONDUCTOR CORP
United States
$9.44B137,546,39997.90%2.10%Net SellingNet Selling
JBL
JABIL INC
United States
$14.15B120,597,31664.87%35.13%Net SellingNet Selling
VSH
VISHAY INTERTECHNOLOGY INC
United States
$3.18B137,505,24893.43%1.65%Net SellingNet Selling
BELFA
BEL FUSE INC
United States
$883.40M12,619,95763.75%7.54%Net SellingNet Selling
GLOB
GLOBANT SA
Luxembourg
$7.69B43,086,28291.50%0.00%
SPSC
SPS COMMERCE INC
United States
$6.44B37,032,47593.47%6.53%Net SellingNet Selling
DSGX
DESCARTES SYSTEMS GROUP INC
Canada
$7.89B85,068,00077.75%0.00%
SOTK
SONO TEK CORP
United States
$70.26M15,745,2066.80%24.38%Net SellingNet Selling
NICE
NICE LTD
Israel
$14.05B62,870,66964.07%0.00%
TSRI
TSR INC
United States
$16.89M2,169,5469.53%83.07%
INTT
INTEST CORP
United States
$137.10M12,164,69853.30%46.70%Net SellingNet Selling
SNPS
SYNOPSYS INC
United States
$80.94B152,543,69085.36%0.82%Net SellingNet Selling
SAIC
SCIENCE APPLICATIONS INTERNATIONAL CORP
United States
$6.65B51,648,39776.61%2.99%Net SellingNet Selling
ATEN
A10 NETWORKS INC
United States
$972.91M74,495,33350.58%49.42%Net SellingNet Selling
BOX
BOX INC
United States
$3.76B144,353,06086.15%5.87%Net SellingNet Buying
DCBO
DOCEBO INC
Canada (Federal Level)
$1.36B30,305,15643.32%0.00%
GFS
GLOBALFOUNDRIES INC
United States
$27.06B553,548,190100.00%0.00%
TXN
TEXAS INSTRUMENTS INC
United States
$160.63B910,482,14684.97%0.59%Net Selling
ROP
ROPER TECHNOLOGIES INC
United States
$54.74B107,022,33393.25%3.20%Net SellingNet Selling
PLXS
PLEXUS CORP
United States
$2.79B27,611,67294.34%3.80%Net SellingNet Selling
SURG
SURGEPAYS INC
United States
$70.22M19,290,7996.94%36.58%Net Buying
SOL
EMEREN GROUP LTD
China
$103.01M562,871,9304.72%67.28%Net Buying
EVTC
EVERTEC INC
Puerto Rico
$2.46B65,450,79996.80%3.20%Net BuyingNet Buying
VSAT
VIASAT INC
United States
$1.99B125,320,49949.43%50.57%Net Selling
BHE
BENCHMARK ELECTRONICS INC
United States
$1.08B35,774,55592.32%7.68%Net SellingNet Selling
BOSC
BOS BETTER ONLINE SOLUTIONS LTD
Israel
$16.38M5,748,01815.04%0.00%
TSM
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD
Taiwan
$712.30B25,932,070,9923.31%0.00%
MLAB
MESA LABORATORIES INC
United States
$572.20M5,394,05185.26%14.74%Net Selling
VZIO
VIZIO HOLDING CORP
United States
$2.10B197,945,59124.64%24.11%Net SellingNet Selling
MTLS
MATERIALISE NV
Belgium
$308.33M59,067,18619.29%0.00%
LSPD
LIGHTSPEED COMMERCE INC
Canada (Federal Level)
$2.00B153,238,21957.41%0.00%
ACN
ACCENTURE PLC
Ireland
$201.83B670,736,49670.33%0.89%Net SellingNet Selling
PLTR
PALANTIR TECHNOLOGIES INC
United States
$48.61B2,212,732,99238.89%6.37%Net SellingNet Selling
PCTY
PAYLOCITY HOLDING CORP
United States
$8.74B56,331,38774.84%25.16%Net SellingNet Selling
CRWD
CROWDSTRIKE HOLDINGS INC
United States
$70.76B241,868,65867.40%2.43%Net SellingNet Selling
CAMT
CAMTEK LTD
Israel
$3.64B44,901,62239.49%0.00%
WEX
WEX INC
United States
$8.85B41,900,53582.50%17.50%Net SellingNet Selling
TIXT
TELUS INTERNATIONAL (CDA) INC
Canada
$2.30B274,000,00014.74%0.00%
AAPL
APPLE INC
United States
$2.63T15,441,881,00060.43%0.11%Net SellingNet Selling
ALRM
ALARMCOM HOLDINGS INC
United States
$3.32B49,945,15638.80%61.20%Net SellingNet Selling
AVNW
AVIAT NETWORKS INC
United States
$419.71M12,547,27668.94%31.06%Net Selling
APH
AMPHENOL CORP
United States
$72.53B600,603,94796.92%0.53%Net BuyingNet Buying
CLFD
CLEARFIELD INC
United States
$442.96M14,706,67164.98%35.02%Net BuyingNet Buying
PAYC
PAYCOM SOFTWARE INC
United States
$10.82B57,551,43725.87%74.13%Net SellingNet Selling
JNPR
JUNIPER NETWORKS INC
United States
$11.32B324,987,89790.93%4.05%Net SellingNet Selling
RELY
REMITLY GLOBAL INC
United States
$3.36B188,505,17370.30%29.70%Net SellingNet Selling
PLUS
EPLUS INC
United States
$2.07B26,954,90662.70%37.30%Net SellingNet Selling
ORCL
ORACLE CORP
United States
$312.64B2,748,514,00042.71%42.14%Net SellingNet Buying
MTSI
MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC
United States
$7.35B72,067,14132.69%67.31%Net SellingNet Selling
FLYW
FLYWIRE CORP
United States
$2.52B122,828,31473.06%26.94%Net SellingNet Selling
ALKT
ALKAMI TECHNOLOGY INC
United States
$2.33B96,759,18140.76%59.24%Net SellingNet Selling
NVTS
NAVITAS SEMICONDUCTOR CORP
Ireland
$776.17M179,253,18236.42%63.58%Net BuyingNet Selling
VICR
VICOR CORP
United States
$1.44B44,477,90444.87%22.66%Net SellingNet Buying
ITRI
ITRON INC
United States
$4.20B45,580,16381.86%18.14%Net SellingNet Selling
CDNS
CADENCE DESIGN SYSTEMS INC
United States
$75.01B272,134,00084.91%6.18%Net SellingNet Selling
VTEX
VTEX
Cayman Islands
$1.37B184,027,00825.90%0.00%

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
65-0.19%+4.35%-2.22%-11.45%11.14x2.65x+69.59%+9.27%+17.47%+19.02%Buy
38-2.55%+6.50%-12.62%+145.81%36.65x13.65x-27.37%+9.94%+18.66%+18.97%Buy
18-1.36%+1.82%-1.56%-7.10%24.61x20.87x+149.67%+28.22%+53.07%+23.85%Buy
44-1.88%+0.92%-3.59%+13.14%26.49x3.55x+21.09%+9.62%+15.05%+16.37%Buy
10-1.50%-1.11%-2.51%+32.99%13.04x1.35x+12.26%+3.92%+12.65%+3.88%Hold
66-1.85%-2.48%-7.25%+10.51%22.42x4.42x+24.64%+7.98%+16.18%+19.09%Buy
33-1.16%-1.34%-5.02%+1.25%14.10x3.09x+9.08%+6.18%+9.00%+10.87%Buy
29-3.29%+1.99%-7.27%+47.63%37.98x11.25x+50.92%+18.21%+30.74%+14.05%Buy
69-1.77%+5.61%-4.24%+36.97%59.35x7.85x+52.09%+30.00%+33.77%+15.76%Buy
252-3.47%-4.23%-9.93%+21.15%91.28x6.36x+6.69%+4.37%+7.12%+24.03%Buy
138-2.50%-2.39%-6.63%+15.76%75.75x10.93x-39.47%+15.00%+24.32%+22.99%Buy
23-2.89%-0.87%-8.38%-48.23%31.32x2.46x+11.66%+7.26%+11.06%+37.90%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 28.55% over the past year, overperforming other tech stocks by 8 percentage points.

Logitech International Sa has an average 1 year price target of $96.40, an upside of 22.97% from Logitech International Sa's current stock price of $78.39.

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. Exlservice Holdings (NASDAQ:EXLS)


Exlservice Holdings (NASDAQ:EXLS) 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. Exlservice Holdings has seen its stock lose -17.37% over the past year, underperforming other tech stocks by -38 percentage points.

Exlservice Holdings has an average 1 year price target of $37.00, an upside of 27.59% from Exlservice Holdings's current stock price of $29.00.

Exlservice Holdings stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Exlservice Holdings, 25% have issued a Strong Buy rating, 50% have issued a Buy, 25% have issued a Hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Full Truck Alliance Co (NYSE:YMM)


Full Truck Alliance Co (NYSE:YMM) 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. Full Truck Alliance Co has seen its stock return 32.46% 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 -30.31% from Full Truck Alliance Co's current stock price of $8.61.

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.

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 4.58%. 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 162.34%, which is 158 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 down?

Tech stocks were down -2.53% in the last day, and down -0.66% over the last week. Bakkt Holdings was the among the top losers in the technology sector, dropping -32.63% yesterday.

Shares of stocks within the broader financial sector are trading lower following earlier economic data. Also, the sector may be moving ahead of the upcoming Fed decision.

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 -23.37% in the past year. It has underperformed other stocks in the tech sector by -44 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 -15.9% in the past year. It has underperformed other stocks in the tech sector by -37 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 -21.16% in the past year. It has underperformed other stocks in the tech sector by -42 percentage points.

Are tech stocks a good buy now?

39.93% of tech stocks rated by analysts are a buy right now. On average, analysts expect tech stocks to rise by 19.9% 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 56.39x.
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.