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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)
AUID
AUTHID INC
United States
$73.52M9,450,2209.23%26.42%Net BuyingNet Buying
JG
AURORA MOBILE LTD
China
$18.74M78,831,9420.56%0.00%
INFN
INFINERA CORP
United States
$1.25B234,108,17686.18%13.82%Net SellingNet Selling
PXLW
PIXELWORKS INC
United States
$62.43M57,807,30324.69%18.79%Net Selling
WATT
ENERGOUS CORP
United States
$9.94M6,538,2404.02%95.98%Net Buying
BOXL
BOXLIGHT CORP
United States
$6.55M9,778,0765.69%94.31%Net SellingNet Selling
NOTE
FISCALNOTE HOLDINGS INC
United States
$200.22M134,378,44934.91%65.09%Net SellingNet Selling
TYL
TYLER TECHNOLOGIES INC
United States
$20.97B42,455,26747.41%52.59%Net SellingNet Selling
MTEK
MARIS TECH LTD
Israel
$11.03M7,878,5014.72%0.00%
SKYT
SKYWATER TECHNOLOGY INC
United States
$396.79M47,349,92910.65%89.35%Net SellingNet Selling
FTCI
FTC SOLAR INC
United States
$63.87M125,979,16520.54%69.01%Net SellingNet Buying
REKR
REKOR SYSTEMS INC
United States
$128.89M85,358,25257.30%27.60%Net BuyingNet Buying
BIGC
BIGCOMMERCE HOLDINGS INC
United States
$618.20M77,274,52767.91%32.09%Net SellingNet Selling
BL
BLACKLINE INC
United States
$3.58B61,817,41058.45%41.55%Net SellingNet Selling
OUST
OUSTER INC
United States
$590.19M45,225,05532.88%38.10%Net SellingNet Selling
MITQ
MOVING IMAGE TECHNOLOGIES INC
United States
$5.09M10,185,3702.60%72.07%Net SellingNet Selling
SPRU
SPRUCE POWER HOLDING CORP
United States
$68.24M18,394,82910.88%89.12%Net SellingNet Selling
VRAR
GLIMPSE GROUP INC
United States
$19.24M18,148,2178.47%18.18%Net Buying
RPAY
REPAY HOLDINGS CORP
United States
$1.04B101,630,13669.10%30.90%Net SellingNet Selling
GVP
GSE SYSTEMS INC
United States
$11.11M3,239,8322.37%97.63%Net SellingNet Buying
SOUN
SOUNDHOUND AI INC
United States
$1.80B329,170,02820.00%8.74%Net SellingNet Selling
PD
PAGERDUTY INC
United States
$1.94B92,751,59069.40%30.60%Net SellingNet Selling
MAPS
WM TECHNOLOGY INC
United States
$143.39M149,367,49120.89%40.58%Net SellingNet Selling
PGY
PAGAYA TECHNOLOGIES LTD
Israel
$840.88M70,900,21929.75%18.05%Net BuyingNet Buying
SONO
SONOS INC
United States
$2.02B122,900,82976.93%23.07%Net SellingNet Selling
MU
MICRON TECHNOLOGY INC
United States
$142.85B1,107,368,11079.37%1.60%Net SellingNet Selling
AUR
AURORA INNOVATION INC
United States
$4.16B1,552,378,60445.40%21.03%Net SellingNet Selling
GBTG
GLOBAL BUSINESS TRAVEL GROUP INC
United States
$2.87B472,617,20836.68%63.32%Net SellingNet Selling
VERX
VERTEX INC
United States
$5.15B155,113,70435.96%21.84%Net SellingNet Selling
ERIC
ERICSSON LM TELEPHONE CO
Sweden
$19.30B3,344,151,7358.96%0.00%
BKTI
BK TECHNOLOGIES CORP
United States
$49.24M3,529,7124.00%96.00%Net SellingNet Buying
JNVR
JANOVER INC
United States
$12.45M11,064,5760.61%53.13%Net Buying
NTGR
NETGEAR INC
United States
$366.01M29,071,20183.01%9.73%Net SellingNet Selling
NTNX
NUTANIX INC
United States
$17.63B244,329,16681.96%7.80%Net SellingNet Selling
LITE
LUMENTUM HOLDINGS INC
United States
$3.19B67,600,00092.33%7.67%Net SellingNet Selling
OSS
ONE STOP SYSTEMS INC
United States
$48.11M20,916,79025.93%67.86%Net SellingNet Buying
MXL
MAXLINEAR INC
United States
$1.61B83,128,03783.49%5.43%Net SellingNet Buying
SCWX
SECUREWORKS CORP
United States
$542.08M88,287,00111.05%12.66%Net SellingNet Selling
VIAV
VIAVI SOLUTIONS INC
United States
$1.73B223,238,05495.33%2.44%Net SellingNet Selling
EVCM
EVERCOMMERCE INC
United States
$2.01B185,103,21557.88%42.12%Net SellingNet Selling
OBLG
OBLONG INC
United States
$3.61M20,286,6750.73%99.27%Net Selling
HOLO
MICROCLOUD HOLOGRAM INC
United States
$11.38M5,941,2040.23%99.77%
GSIT
GSI TECHNOLOGY INC
United States
$71.58M25,295,04711.72%61.99%Net SellingNet Selling
WOLF
WOLFSPEED INC
United States
$3.30B125,854,81996.78%3.22%Net Selling
BLND
BLEND LABS INC
United States
$789.94M252,377,60547.91%16.72%Net SellingNet Selling
WYY
WIDEPOINT CORP
United States
$26.07M9,311,7615.59%94.41%Net SellingNet Selling
SILC
SILICOM LTD
Israel
$104.02M6,274,00040.98%10.29%
CRSR
CORSAIR GAMING INC
United States
$1.19B103,905,56313.75%86.25%Net Selling
SEDG
SOLAREDGE TECHNOLOGIES INC
Israel
$2.79B57,299,40462.07%37.93%Net BuyingNet Buying
WALD
WALDENCAST PLC
United States
$971.38M223,305,26710.74%0.00%
ATOM
ATOMERA INC
United States
$117.50M26,887,37130.25%7.16%Net SellingNet Selling
SPWR
SUNPOWER CORP
United States
$494.52M175,361,0889.69%90.31%Net BuyingNet Buying
DDD
3D SYSTEMS CORP
United States
$489.70M133,434,04963.34%13.60%Net SellingNet Selling
IMTE
INTEGRATED MEDIA TECHNOLOGY LTD
Australia
$4.12M2,125,1690.00%100.00%
MVIS
MICROVISION INC
United States
$237.66M206,659,63430.84%13.43%Net SellingNet Selling
KPLT
KATAPULT HOLDINGS INC
United States
$82.85M4,105,6450.74%99.26%Net SellingNet Selling
CETX
CEMTREX INC
United States
$4.69M10,652,2870.20%64.98%Net Buying
CRNC
CERENCE INC
United States
$165.02M41,777,24224.12%75.88%Net BuyingNet Buying
YEXT
YEXT INC
United States
$689.27M124,867,09358.12%41.88%Net SellingNet Selling
GRND
GRINDR INC
United States
$1.65B175,675,9014.70%95.30%Net SellingNet Selling
QRVO
QORVO INC
United States
$9.44B95,629,09588.25%1.01%Net SellingNet Selling
SMWB
SIMILARWEB LTD
Israel
$648.12M80,312,42037.36%0.00%
CGNT
COGNYTE SOFTWARE LTD
Israel
$545.25M70,996,53560.07%0.00%
HTCR
HEARTCORE ENTERPRISES INC
Japan
$15.96M20,864,1441.29%52.30%Net Selling
AIP
ARTERIS INC
United States
$331.69M38,479,12217.53%82.47%Net SellingNet Selling
TACT
TRANSACT TECHNOLOGIES INC
United States
$35.18M9,994,90752.50%45.71%Net Selling
AMPL
AMPLITUDE INC
United States
$1.16B121,840,92649.90%47.59%Net SellingNet Selling
LIDR
AEYE INC
United States
$16.84M6,629,7282.07%97.93%Net SellingNet Selling
JAMF
JAMF HOLDING CORP
United States
$2.32B128,453,72224.67%75.33%Net SellingNet Selling
QBTS
D-WAVE QUANTUM INC
Canada
$224.36M171,269,96939.04%20.62%Net SellingNet Selling
RSSS
RESEARCH SOLUTIONS INC
United States
$92.33M32,282,03929.03%70.97%Net SellingNet Selling
UPBD
UPBOUND GROUP INC
United States
$1.75B54,629,44577.48%22.52%Net SellingNet Selling
BLKB
BLACKBAUD INC
United States
$4.11B51,626,07680.61%19.39%Net SellingNet Selling
DOMO
DOMO INC
United States
$283.33M38,031,21061.98%10.30%Net BuyingNet Selling
AIXI
XIAO-I CORP
China
$78.53M24,015,5920.19%0.00%
PDYN
PALLADYNE AI CORP
United States
$52.14M26,600,0003.22%96.78%Net BuyingNet Buying
WDC
WESTERN DIGITAL CORP
United States
$23.85B326,524,66891.20%5.75%Net SellingNet Selling
BLBX
BLACKBOXSTOCKS INC
United States
$9.45M3,226,1453.50%56.21%
NOVA
SUNNOVA ENERGY INTERNATIONAL INC
United States
$514.52M123,981,66671.86%28.14%Net BuyingNet Buying
FIS
FIDELITY NATIONAL INFORMATION SERVICES INC
United States
$43.23B556,251,44764.58%35.42%Net SellingNet Selling
INSG
INSEEGO CORP
United States
$72.60M11,882,9483.93%96.07%
ASX
ASE TECHNOLOGY HOLDING CO LTD
Taiwan
$9.53B4,392,550,2373.74%0.00%
ASYS
AMTECH SYSTEMS INC
United States
$75.02M14,208,79543.98%56.02%Net BuyingNet Buying
ELWS
EARLYWORKS CO LTD
Japan
$8.18M15,039,4000.58%0.00%
PXDT
PIXIE DUST TECHNOLOGIES INC
Japan
$36.02M14,702,2670.52%0.00%
ONTF
ON24 INC
United States
$265.01M41,865,36034.75%65.25%Net SellingNet Selling
VYX
NCR VOYIX CORP
United States
$1.98B145,014,98984.42%15.58%Net SellingNet Selling
ASTS
AST SPACEMOBILE INC
United States
$1.36B257,531,61019.93%45.38%Net SellingNet Selling
ATGL
ALPHA TECHNOLOGY GROUP LTD
Hong Kong
$56.93M15,262,5000.00%0.00%
MIND
MIND TECHNOLOGY INC
United States
$6.15M1,405,7796.61%93.39%
LASR
NLIGHT INC
United States
$629.29M47,565,20448.62%51.38%Net SellingNet Selling
SGH
SMART GLOBAL HOLDINGS INC
United States
$1.07B52,297,04765.53%34.47%Net SellingNet Selling
RDWR
RADWARE LTD
Israel
$841.07M41,698,87671.65%0.00%
SGE
STRONG GLOBAL ENTERTAINMENT INC
United States
$11.82M7,877,8420.17%78.01%Net Buying
TYGO
TIGO ENERGY INC
United States
$74.24M60,361,62814.55%85.45%Net BuyingNet Buying
UEIC
UNIVERSAL ELECTRONICS INC
United States
$150.82M12,890,71653.45%46.55%Net BuyingNet Selling
WK
WORKIVA INC
United States
$4.69B54,824,87784.87%12.72%Net BuyingNet Selling
MYSZ
MY SIZE INC
Israel
$2.72M641,4980.79%99.21%Net Selling
VUZI
VUZIX CORP
United States
$103.56M64,726,09232.84%10.11%Net BuyingNet Buying
INVE
IDENTIV INC
United States
$93.76M23,382,45910.66%89.34%Net BuyingNet Buying

Tech Industries

IndustryStocks1d %1w %1m %1y %Zen ScoreP/E ratioP/B RatioROEROAROCEUpside/DownsideConsensus
66+0.13%+3.37%+14.11%-2.11%9.04x2.80x+39.30%+8.58%+15.79%+13.99%Buy
35+0.87%+9.45%+22.15%+145.55%38.43x14.39x-26.74%+10.66%+17.94%+9.37%Buy
19+0.04%+1.36%+8.71%+0.20%29.03x23.37x+142.80%+28.03%+54.17%+15.69%Buy
44+1.28%+3.32%+14.15%+18.22%22.10x3.95x+21.01%+9.75%+15.22%+4.35%Buy
10+0.79%+3.30%+8.76%+34.58%15.24x1.47x+11.25%+3.60%+11.72%-3.25%Hold
62+0.51%+1.24%+2.70%+14.42%27.49x4.57x+24.65%+8.11%+16.44%+14.04%Buy
32+0.63%+3.69%+9.18%+8.92%14.00x3.33x+8.35%+6.44%+13.45%+4.12%Buy
29+2.60%+4.62%+14.34%+45.94%38.62x12.22x+51.03%+18.25%+30.74%+6.14%Buy
67+1.77%+4.83%+17.38%+43.22%67.60x8.55x+51.97%+30.00%+33.73%+8.14%Buy
248+1.81%+7.22%+9.93%+32.14%32.21x6.61x+5.57%+4.70%+7.75%+10.79%Buy
147+1.06%+3.06%+5.37%+12.46%45.70x12.05x+26.01%+15.02%+24.29%+17.74%Buy
26-0.41%+1.08%+5.58%-50.08%24.12x2.65x+11.20%+6.74%+10.73%+31.66%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 1.28% over the past year, underperforming other tech stocks by -25 percentage points.

Rambus has an average 1 year price target of $81.67, an upside of 37.37% from Rambus's current stock price of $59.45.

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 -34.33% over the past year, underperforming other tech stocks by -60 percentage points.

Dlocal has an average 1 year price target of $17.63, an upside of 82.83% from Dlocal's current stock price of $9.64.

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 -27.37% over the past year, underperforming other tech stocks by -53 percentage points.

Epam Systems has an average 1 year price target of $281.88, an upside of 47.19% from Epam Systems's current stock price of $191.50.

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 145.83%, which is 143 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 12.83%, which is 10 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 1.42% in the last day, and up 4.87% over the last week. Rubicon Technologies was the among the top gainers in the technology sector, gaining 31.27% yesterday.

Rubicon Technologies shares are trading lower after the company reported a year-over-year decrease in Q1 sales results.

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 79 points higher than the tech sector average of 21. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -20% in the past year. It has underperformed other stocks in the tech sector by -46 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 79 points higher than the tech sector average of 21. It passed 7 out of 7 valuation due diligence checks.

International Money Express's stock has dropped -12.54% in the past year. It has underperformed other stocks in the tech sector by -38 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 79 points higher than the tech sector average of 21. It passed 7 out of 7 valuation due diligence checks.

Skyworks Solutions's stock has dropped -8.24% in the past year. It has underperformed other stocks in the tech sector by -34 percentage points.

Are tech stocks a good buy now?

41.62% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 10.99% 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 44.94x.
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.