WallStreetZenWallStreetZen

Sectors & IndustriesTechnology
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)
IOT
SAMSARA INC
United States
$19.23B550,522,67132.81%9.48%Net SellingNet Selling
ENFN
ENFUSION INC
United States
$1.19B128,069,91241.35%57.12%Net SellingNet Buying
VRNS
VARONIS SYSTEMS INC
United States
$4.77B109,103,72168.03%31.97%Net SellingNet Selling
RSKD
RISKIFIED LTD
Israel
$919.55M178,553,72138.83%0.00%
VRSN
VERISIGN INC
United States
$16.88B99,600,00075.75%24.25%Net SellingNet Selling
DQ
DAQO NEW ENERGY CORP
China
$1.26B328,521,7809.95%0.00%
III
INFORMATION SERVICES GROUP INC
United States
$162.89M48,335,22030.64%69.36%Net BuyingNet Buying
DELL
DELL TECHNOLOGIES INC
United States
$88.97B713,790,33526.93%10.63%Net SellingNet Selling
HEAR
TURTLE BEACH CORP
United States
$248.24M17,605,44429.19%70.81%Net BuyingNet Selling
NSIT
INSIGHT ENTERPRISES INC
United States
$5.95B32,590,16265.64%34.36%Net SellingNet Selling
OLO
OLO INC
United States
$777.10M161,896,31376.80%3.93%Net SellingNet Selling
IMOS
CHIPMOS TECHNOLOGIES INC
Taiwan
$1.01B727,240,1260.37%0.00%
FSLY
FASTLY INC
United States
$1.70B134,199,99959.16%40.84%Net SellingNet Selling
FORTY
FORMULA SYSTEMS (1985) LTD
Israel
$1.14B15,302,5175.53%0.00%
PTC
PTC INC
United States
$21.21B119,552,40579.27%20.73%Net SellingNet Selling
TEAM
ATLASSIAN CORP
United States
$44.85B260,298,15353.10%0.62%Net SellingNet Selling
MGIC
MAGIC SOFTWARE ENTERPRISES LTD
Israel
$579.86M49,099,00019.32%0.00%
PWFL
POWERFLEET INC
United States
$178.25M37,212,30446.42%53.58%Net Selling
AVPT
AVEPOINT INC
United States
$1.43B184,010,83244.47%51.96%Net SellingNet Selling
DOCN
DIGITALOCEAN HOLDINGS INC
United States
$2.98B90,796,69536.45%63.55%Net BuyingNet Selling
GILT
GILAT SATELLITE NETWORKS LTD
United States
$282.23M57,016,08631.59%0.00%
RDDT
REDDIT INC
United States
N/A158,983,5720.00%2.71%Net SellingNet Selling
TDC
TERADATA CORP
United States
$3.61B97,400,00090.21%5.24%Net SellingNet Selling
INLX
INTELLINETICS INC
United States
$28.80M4,113,6210.29%99.71%Net BuyingNet Buying
INTJ
INTELLIGENT GROUP LTD
Hong Kong
$10.90M11,250,0000.00%0.00%
SLAB
SILICON LABORATORIES INC
United States
$3.88B31,924,41682.16%17.84%Net Selling
FATH
FATHOM DIGITAL MANUFACTURING CORP
United States
$33.98M6,977,2451.06%98.94%Net SellingNet Selling
AMKR
AMKOR TECHNOLOGY INC
United States
$7.95B245,892,0196.30%93.70%Net SellingNet Selling
PALT
PALTALK INC
United States
$32.97M9,222,1571.65%98.35%Net SellingNet Selling
WNS
WNS (HOLDINGS) LTD
India
$1.91B45,684,145100.00%0.00%
WIX
WIXCOM LTD
Israel
$6.80B57,172,59582.39%0.00%
ADTN
ADTRAN HOLDINGS INC
United States
$344.70M78,698,99974.75%25.25%Net Selling
ZS
ZSCALER INC
United States
$25.92B149,857,97645.64%44.26%Net SellingNet Selling
ULY
URGENTLY INC
United States
$21.73M13,414,18527.70%15.62%Net BuyingNet Selling
LDOS
LEIDOS HOLDINGS INC
United States
$18.96B135,211,53575.96%5.26%Net BuyingNet Selling
TACT
TRANSACT TECHNOLOGIES INC
United States
$53.31M9,964,67453.86%45.85%Net Selling
TROO
TROOPS INC
China
$114.81M101,597,9980.11%1.33%
NET
CLOUDFLARE INC
United States
$29.51B337,659,24573.82%16.13%Net SellingNet Selling
API
AGORA INC
China
$229.58M368,808,7036.54%0.00%
NN
NEXTNAV INC
United States
$1.01B111,189,98339.87%58.81%Net BuyingNet Buying
VISL
VISLINK TECHNOLOGIES INC
United States
$8.86M2,448,4821.10%98.90%Net Selling
MKTW
MARKETWISE INC
United States
$514.06M329,528,2843.73%83.88%Net SellingNet Selling
KTCC
KEY TRONIC CORP
United States
$46.49M10,761,87140.69%8.87%
AVDX
AVIDXCHANGE HOLDINGS INC
United States
$2.38B204,324,27975.61%24.39%Net SellingNet Selling
DAIO
DATA I/O CORP
United States
$25.72M9,023,20027.24%72.76%Net Buying
BLZE
BACKBLAZE INC
United States
$383.57M41,200,00025.96%26.87%Net SellingNet Selling
SGMA
SIGMATRON INTERNATIONAL INC
United States
$25.84M6,094,28814.12%11.69%Net Buying
ELSE
ELECTRO SENSORS INC
United States
$14.40M3,428,0215.56%94.44%
MLGO
MICROALGO INC
United States
$12.80M5,160,6711.48%98.52%
MDB
MONGODB INC
United States
$26.60B72,831,10888.27%11.59%Net SellingNet Selling
KVYO
KLAVIYO INC
United States
$5.85B261,234,52928.57%2.34%Net SellingNet Selling
PCOR
PROCORE TECHNOLOGIES INC
United States
$9.92B144,917,42734.64%65.36%Net SellingNet Selling
INDI
INDIE SEMICONDUCTOR INC
United States
$1.03B183,219,26867.72%13.30%Net SellingNet Selling
FEIM
FREQUENCY ELECTRONICS INC
United States
$91.08M9,487,34248.27%51.73%Net BuyingNet Buying
VPG
VISHAY PRECISION GROUP INC
United States
$441.62M13,382,47572.13%27.87%Net SellingNet Selling
PDFS
PDF SOLUTIONS INC
United States
$1.16B38,581,81973.04%19.10%Net SellingNet Selling
DOCU
DOCUSIGN INC
United States
$11.63B205,415,12963.58%36.42%Net SellingNet Selling
CNXN
PC CONNECTION INC
United States
$1.63B26,361,13322.48%77.52%Net SellingNet Selling
SWVL
SWVL HOLDINGS CORP
United Arab Emirates
$93.04M6,791,6050.26%0.00%
NRDY
NERDY INC
United States
$449.92M173,714,81639.03%53.33%Net BuyingNet Buying
FICO
FAIR ISAAC CORP
United States
$28.01B24,710,93880.59%19.41%Net SellingNet Selling
ALOT
ASTRONOVA INC
United States
$133.72M7,743,14015.58%84.42%Net SellingNet Selling
GTLB
GITLAB INC
United States
$8.31B158,400,00056.41%35.88%Net SellingNet Selling
AAOI
APPLIED OPTOELECTRONICS INC
United States
$378.22M38,398,08561.45%8.92%Net SellingNet Buying
GRRR
GORILLA TECHNOLOGY GROUP INC
Cayman Islands
$41.46M7,173,79912.77%14.78%
MYSZ
MY SIZE INC
Israel
$2.58M636,4585.50%94.50%Net Selling
KOSS
KOSS CORP
United States
$21.58M9,254,7954.41%95.59%
GPRO
GOPRO INC
United States
$259.32M149,896,91852.85%19.45%Net SellingNet Selling
LSAK
LESAKA TECHNOLOGIES INC
South Africa
$276.37M62,385,66210.77%89.23%Net Buying
SNX
TD SYNNEX CORP
United States
$10.33B87,658,43841.51%58.49%Net SellingNet Selling
ROG
ROGERS CORP
United States
$2.22B18,656,60795.22%4.78%Net SellingNet Selling
AMPG
AMPLITECH GROUP INC
United States
$22.25M9,717,11310.94%30.29%Net Buying
AIP
ARTERIS INC
United States
$250.94M37,849,68516.08%83.92%Net SellingNet Selling
DAVE
DAVE INC
United States
$536.07M12,238,9506.04%93.96%Net SellingNet Selling
FOUR
SHIFT4 PAYMENTS INC
United States
$4.99B86,191,71468.55%3.85%Net SellingNet Selling
OSS
ONE STOP SYSTEMS INC
United States
$58.79M20,700,43527.20%68.57%Net SellingNet Buying
QH
QUHUO LTD
China
$3.52M61,676,2130.02%0.00%
QUIK
QUICKLOGIC CORP
United States
$222.27M14,377,28925.61%7.64%Net SellingNet Selling
INTA
INTAPP INC
United States
$2.23B72,260,28856.00%44.00%Net SellingNet Selling
KN
KNOWLES CORP
United States
$1.42B89,629,86596.69%3.10%Net BuyingNet Selling
VHC
VIRNETX HOLDING CORP
United States
$19.37M3,681,9702.32%97.68%Net Buying
BL
BLACKLINE INC
United States
$3.57B61,520,10856.51%43.49%Net SellingNet Selling
EXFY
EXPENSIFY INC
United States
$136.33M85,206,27339.07%14.58%Net SellingNet Selling
MAXN
MAXEON SOLAR TECHNOLOGIES LTD
Singapore
$102.92M52,780,05249.00%0.00%
INFN
INFINERA CORP
United States
$1.12B231,422,39085.61%14.39%Net SellingNet Selling
SNOW
SNOWFLAKE INC
United States
$51.87B334,200,00060.12%39.88%Net SellingNet Selling
EBON
EBANG INTERNATIONAL HOLDINGS INC
China
$49.67M6,543,9380.87%0.00%
CYBR
CYBERARK SOFTWARE LTD
Israel
$10.11B42,255,33691.75%0.00%
SPRU
SPRUCE POWER HOLDING CORP
United States
$81.24M18,297,59610.99%89.01%Net SellingNet Selling
CLRO
CLEARONE INC
United States
$22.15M23,969,1485.14%67.86%Net Buying
SPWR
SUNPOWER CORP
United States
$361.24M175,361,08810.62%89.38%Net BuyingNet Buying
CALX
CALIX INC
United States
$1.82B65,525,04977.50%22.50%Net BuyingNet Buying
KVHI
KVH INDUSTRIES INC
United States
$94.30M19,645,94654.25%45.75%Net SellingNet Selling
USIO
USIO INC
United States
$38.30M26,342,4596.45%93.55%Net BuyingNet Buying
BILL
BILL HOLDINGS INC
United States
$6.56B105,134,87798.91%1.09%Net SellingNet Selling
BKSY
BLACKSKY TECHNOLOGY INC
United States
$176.98M146,262,69426.70%35.90%Net SellingNet Selling
SSTI
SOUNDTHINKING INC
United States
$170.83M12,786,84060.59%32.51%Net SellingNet Selling
VERX
VERTEX INC
United States
$4.50B154,334,58534.56%20.33%Net SellingNet Selling
SMWB
SIMILARWEB LTD
Israel
$581.23M78,650,87834.75%0.00%
LTRX
LANTRONIX INC
United States
$140.91M37,476,8268.46%91.54%Net BuyingNet 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.