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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)
APH
AMPHENOL CORP
United States
$72.53B600,603,94796.92%0.53%Net BuyingNet Buying
CRSR
CORSAIR GAMING INC
United States
$1.15B103,306,16313.29%86.71%Net SellingNet Buying
GLW
CORNING INC
United States
$28.49B853,474,31769.81%10.53%Net SellingNet Selling
PRGS
PROGRESS SOFTWARE CORP
United States
$2.15B43,218,08683.38%16.62%Net SellingNet Selling
ALNT
ALLIENT INC
United States
$487.68M16,593,32961.55%29.01%Net BuyingNet Buying
OTEX
OPEN TEXT CORP
Canada
$9.61B272,044,54565.31%0.00%
YIBO
PLANET IMAGE INTERNATIONAL LTD
China
$112.07M53,881,6000.00%0.00%
PAYO
PAYONEER GLOBAL INC
United States
$1.82B368,751,08081.30%18.70%Net SellingNet Selling
NOK
NOKIA CORP
Finland
$20.49B5,613,496,5655.30%0.00%
CTLP
CANTALOUPE INC
United States
$421.49M72,797,02365.76%34.24%Net BuyingNet Buying
WIT
WIPRO LTD
India
$29.55B5,482,733,3292.24%0.00%
TSAT
TELESAT CORP
Canada
$98.67M13,610,34299.69%0.31%
ENTG
ENTEGRIS INC
United States
$19.99B150,396,20780.61%19.39%Net SellingNet Selling
SEZL
SEZZLE INC
United States
$285.21M5,633,1722.02%54.97%Net BuyingNet Selling
TRAK
REPOSITRAK INC
United States
$288.26M18,209,5011.08%98.92%
SEDG
SOLAREDGE TECHNOLOGIES INC
Israel
$3.35B57,126,02361.94%38.06%Net BuyingNet Buying
SONY
SONY GROUP CORP
Japan
$111.67B1,352,369,4847.26%0.00%
CXM
SPRINKLR INC
United States
$3.19B273,199,22642.44%57.56%Net SellingNet Selling
ONTO
ONTO INNOVATION INC
United States
$9.11B49,130,01874.41%25.59%Net SellingNet Selling
JKHY
JACK HENRY & ASSOCIATES INC
United States
$11.85B72,867,67892.61%7.39%Net Selling
PAY
PAYMENTUS HOLDINGS INC
United States
$2.53B123,922,52813.02%3.73%Net SellingNet Selling
IPGP
IPG PHOTONICS CORP
United States
$3.83B45,568,19728.26%71.74%Net SellingNet Selling
SONM
SONIM TECHNOLOGIES INC
United States
$22.77M43,206,0832.02%97.98%Net Buying
NCNO
NCINO INC
United States
$3.33B114,216,57567.34%32.66%Net SellingNet Selling
SYT
SYLA TECHNOLOGIES CO LTD
Japan
$37.87M259,3910.22%0.00%
MTC
MMTEC INC
China
$621.33M199,145,0410.11%0.00%
YOU
CLEAR SECURE INC
United States
$2.63B150,626,42859.68%40.32%Net SellingNet Selling
CGNX
COGNEX CORP
United States
$7.13B171,633,72688.13%3.64%Net BuyingNet Selling
ARBE
ARBE ROBOTICS LTD
Israel
$140.02M78,221,55717.40%0.00%
DIOD
DIODES INC
United States
$3.35B45,939,80481.33%18.67%Net SellingNet Selling
FRSH
FRESHWORKS INC
United States
$5.32B297,937,29457.36%10.31%Net SellingNet Selling
IONQ
IONQ INC
United States
$1.78B208,229,51938.64%61.36%Net SellingNet Buying
AI
C3AI INC
United States
$2.75B122,048,79144.05%26.81%Net SellingNet Selling
SAP
SAP SE
Germany
$211.47B1,167,000,0005.62%0.00%
HCP
HASHICORP INC
United States
$6.48B199,545,23649.78%1.53%Net SellingNet Selling
UTSI
UTSTARCOM HOLDINGS CORP
Hong Kong
$24.42M9,113,7700.47%99.53%
MSN
EMERSON RADIO CORP
United States
$11.93M21,042,6521.49%98.51%
MNDY
MONDAYCOM LTD
Israel
$9.26B48,923,90372.15%0.00%
S
SENTINELONE INC
United States
$6.55B310,007,78374.25%3.02%Net SellingNet Selling
RAMP
LIVERAMP HOLDINGS INC
United States
$2.13B66,183,73155.37%44.63%Net SellingNet Selling
CCRD
CORECARD CORP
United States
$99.38M8,295,40843.88%37.51%Net BuyingNet Buying
IDN
INTELLICHECK INC
United States
$62.29M19,404,56126.68%73.32%Net BuyingNet Buying
HKIT
HITEK GLOBAL INC
China
$20.29M14,392,3641.19%0.00%
SQ
BLOCK INC
United States
$44.95B615,693,00062.33%4.60%Net BuyingNet Selling
VLN
VALENS SEMICONDUCTOR LTD
Israel
$243.00M102,964,7972.46%5.58%
MANH
MANHATTAN ASSOCIATES INC
United States
$12.69B61,569,88398.15%1.85%Net SellingNet Selling
CTS
CTS CORP
United States
$1.41B30,789,09990.06%9.94%Net SellingNet Selling
CFLT
CONFLUENT INC
United States
$8.79B312,621,86461.75%7.61%Net SellingNet Selling
TOST
TOAST INC
United States
$12.95B548,000,00064.30%9.56%Net SellingNet Selling
DUOL
DUOLINGO INC
United States
$9.68B42,875,82874.54%25.07%Net SellingNet Selling
WFCF
WHERE FOOD COMES FROM INC
United States
$67.59M5,487,2696.65%92.00%Net BuyingNet Buying
IZM
ICZOOM GROUP INC
Hong Kong
$29.43M10,326,3740.03%0.00%
CSPI
CSP INC
United States
$126.96M9,713,90013.35%21.47%Net BuyingNet Buying
VIAV
VIAVI SOLUTIONS INC
United States
$1.76B222,565,77495.48%2.45%Net SellingNet Buying
ACIW
ACI WORLDWIDE INC
United States
$3.60B105,439,79295.41%4.59%Net SellingNet Selling
FROG
JFROG LTD
United States
$4.24B106,306,27364.02%25.10%Net SellingNet Selling
FRGE
FORGE GLOBAL HOLDINGS INC
United States
$328.48M179,499,58739.69%53.19%Net SellingNet Selling
NABL
N-ABLE INC
United States
$2.27B184,762,99849.96%50.04%Net SellingNet Selling
WBX
WALLBOX NV
Spain
$295.83M209,807,0066.31%0.00%
NXPL
NEXTPLAT CORP
United States
$23.78M18,724,5961.27%98.73%
WETH
WETOUCH TECHNOLOGY INC
China
$23.27M11,931,5340.00%53.59%
AGMH
AGM GROUP HOLDINGS INC
Hong Kong
$27.41M26,354,8420.05%0.00%
TLS
TELOS CORP
United States
$241.90M70,319,62035.87%64.13%Net BuyingNet Selling
PET
WAG! GROUP CO
United States
$90.26M40,384,27326.31%73.69%Net SellingNet Selling
PGY
PAGAYA TECHNOLOGIES LTD
Israel
$612.80M62,980,03193.26%6.74%Net BuyingNet Buying
IT
GARTNER INC
United States
$32.03B77,630,46833.62%66.38%Net SellingNet Selling
CNXC
CONCENTRIX CORP
United States
$3.61B65,991,91565.21%34.79%Net SellingNet Buying
BKKT
BAKKT HOLDINGS INC
United States
$86.34M12,867,26255.59%44.41%Net SellingNet Buying
HOOD
ROBINHOOD MARKETS INC
United States
$14.42B874,547,46956.89%43.11%Net SellingNet Selling
CACI
CACI INTERNATIONAL INC
United States
$8.97B22,296,41086.83%13.17%Net SellingNet Selling
RUM
RUMBLE INC
United States
$2.73B386,062,7016.27%7.44%Net SellingNet Selling
POWI
POWER INTEGRATIONS INC
United States
$3.80B56,886,00095.85%4.15%Net SellingNet Selling
ALAB
ASTERA LABS INC
United States
N/A152,495,8920.00%32.58%Net BuyingNet Buying
BDC
BELDEN INC
United States
$3.34B41,085,54295.01%4.99%Net SellingNet Selling
OKTA
OKTA INC
United States
$15.56B167,397,16380.00%4.46%Net SellingNet Selling
ESE
ESCO TECHNOLOGIES INC
United States
$2.62B25,798,27195.59%4.00%Net SellingNet Buying
FKWL
FRANKLIN WIRELESS CORP
United States
$35.23M11,784,2800.43%99.57%
BEEM
BEAM GLOBAL
United States
$93.85M14,438,27011.52%88.48%Net Buying
INTC
INTEL CORP
United States
$129.71B4,257,000,00064.14%5.03%Net SellingNet Selling
NVEI
NUVEI CORP
Canada
$4.48B139,428,33922.20%0.00%
VMEO
VIMEO INC
United States
$603.28M168,043,93184.86%10.65%Net SellingNet Selling
TRT
TRIO-TECH INTERNATIONAL
United States
$25.85M4,169,55515.99%59.72%Net BuyingNet Buying
LAW
CS DISCO INC
United States
$461.01M61,061,36845.30%54.70%Net SellingNet Selling
SEMR
SEMRUSH HOLDINGS INC
United States
$1.77B144,566,46034.12%65.88%Net SellingNet Selling
PSTG
PURE STORAGE INC
United States
$16.38B324,910,30880.88%10.00%Net SellingNet Selling
CRM
SALESFORCE INC
United States
$260.87B970,000,00080.42%5.31%Net SellingNet Selling
NNDM
NANO DIMENSION LTD
Israel
$566.62M235,111,00030.62%0.00%
TUYA
TUYA INC
China
$1.01B574,592,5995.69%0.00%
RSKD
RISKIFIED LTD
Israel
$919.55M178,553,72138.83%0.00%
DJCO
DAILY JOURNAL CORP
United States
$461.58M1,377,02640.35%59.65%
VRNS
VARONIS SYSTEMS INC
United States
$4.77B109,103,72168.03%31.97%Net SellingNet Selling
SMRT
SMARTRENT INC
United States
$472.98M203,868,88559.07%40.93%Net SellingNet Buying
VRSN
VERISIGN INC
United States
$16.88B99,600,00075.75%24.25%Net SellingNet Selling
TTEC
TTEC HOLDINGS INC
United States
$345.28M47,428,11319.37%80.63%Net SellingNet Selling
SITM
SITIME CORP
United States
$2.02B22,692,16577.46%22.54%Net SellingNet Selling
NXT
NEXTRACKER INC
United States
$5.84B136,542,42351.26%4.74%Net SellingNet Selling
IOT
SAMSARA INC
United States
$19.23B550,522,67132.81%9.48%Net SellingNet Selling
GRAB
GRAB HOLDINGS LTD
Singapore
$13.77B3,933,743,05150.60%0.01%
BASE
COUCHBASE INC
United States
$1.19B49,262,70738.81%61.19%Net SellingNet Selling
FTCI
FTC SOLAR INC
United States
$57.78M125,613,64426.07%69.21%Net SellingNet Buying

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.