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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)
VLD
VELO3D INC
United States
$59.24M296,188,41741.23%52.86%Net SellingNet Selling
QTWO
Q2 HOLDINGS INC
United States
$3.84B60,099,51261.35%38.65%Net SellingNet Selling
AMST
AMESITE INC
United States
$9.10M2,542,4401.48%98.52%Net Buying
SVRE
SAVERONE 2014 LTD
Israel
$8.07M69,579,23112.77%0.00%
CCCS
CCC INTELLIGENT SOLUTIONS HOLDINGS INC
United States
$7.04B614,584,23866.50%33.50%Net SellingNet Selling
VS
VERSUS SYSTEMS INC
Canada
$3.66M2,506,0150.00%0.11%
FAAS
DIGIASIA CORP
Singapore
$540.78M56,214,4513.86%62.63%Net BuyingNet Buying
AKTS
AKOUSTIS TECHNOLOGIES INC
United States
$15.59M98,669,28241.19%8.50%Net Buying
DMRC
DIGIMARC CORP
United States
$556.78M21,373,32347.78%52.22%Net BuyingNet Selling
ZBRA
ZEBRA TECHNOLOGIES CORP
United States
$16.46B51,419,40388.74%11.26%Net BuyingNet Buying
SSNT
SILVERSUN TECHNOLOGIES INC
United States
$86.06M5,315,5810.56%99.44%Net SellingNet Selling
COHU
COHU INC
United States
$1.40B47,085,87389.30%6.48%Net SellingNet Selling
WLDS
WEARABLE DEVICES LTD
Israel
$6.44M20,387,4280.41%0.00%
MRIN
MARIN SOFTWARE INC
United States
$8.67M3,106,3614.10%95.90%Net SellingNet Selling
LINK
INTERLINK ELECTRONICS INC
United States
$48.81M9,860,3680.27%99.73%
JFU
9F INC
China
$37.09M235,466,6600.01%0.00%
FARO
FARO TECHNOLOGIES INC
United States
$365.87M19,205,87390.16%9.84%Net BuyingNet Selling
VECO
VEECO INSTRUMENTS INC
United States
$2.30B56,637,66291.63%8.37%Net SellingNet Selling
OLB
OLB GROUP INC
United States
$9.75M1,809,2887.57%92.43%Net Buying
UCTT
ULTRA CLEAN HOLDINGS INC
United States
$2.09B44,905,93366.70%33.30%Net SellingNet Selling
GNSS
GENASYS INC
United States
$76.26M44,594,56233.28%66.72%Net Buying
GWRE
GUIDEWIRE SOFTWARE INC
United States
$10.40B83,322,11070.73%29.27%Net SellingNet Selling
LPTH
LIGHTPATH TECHNOLOGIES INC
United States
$52.39M38,807,43241.60%29.13%
ULY
URGENTLY INC
United States
$28.86M13,422,43524.27%15.58%Net BuyingNet Selling
EXTR
EXTREME NETWORKS INC
United States
$1.51B129,947,60082.87%17.13%Net SellingNet Selling
PRCH
PORCH GROUP INC
United States
$250.94M99,186,76751.28%48.05%Net BuyingNet Selling
XTKG
X3 HOLDINGS CO LTD
China
$192.18M259,708,0710.10%0.00%
SPT
SPROUT SOCIAL INC
United States
$1.80B56,538,01058.58%41.42%Net SellingNet Selling
TTMI
TTM TECHNOLOGIES INC
United States
$1.87B101,776,19269.19%30.81%Net SellingNet Selling
AFRM
AFFIRM HOLDINGS INC
United States
$10.21B309,124,63961.92%16.46%Net SellingNet Selling
QMCO
QUANTUM CORP
United States
$52.56M95,040,60840.62%59.38%Net Selling
DPSI
DECISIONPOINT SYSTEMS INC
United States
$77.27M7,681,0004.53%95.47%Net Buying
MODN
MODEL N INC
United States
$1.18B39,422,99766.14%33.86%Net SellingNet Selling
U
UNITY SOFTWARE INC
United States
$8.31B390,861,71756.46%43.54%Net SellingNet Selling
GB
GLOBAL BLUE GROUP HOLDING AG
Switzerland
$985.90M199,574,70176.63%4.08%
CTM
CASTELLUM INC
United States
$12.62M53,029,91511.36%71.27%Net Buying
CISO
CISO GLOBAL INC
United States
$10.07M12,279,3410.29%99.71%
APPS
DIGITAL TURBINE INC
United States
$241.79M102,021,34233.75%66.25%Net SellingNet Selling
LYFT
LYFT INC
United States
$6.48B403,483,64077.74%22.05%Net SellingNet Selling
PWSC
POWERSCHOOL HOLDINGS INC
United States
$4.20B203,652,28248.17%51.83%Net SellingNet Selling
PRTH
PRIORITY TECHNOLOGY HOLDINGS INC
United States
$275.42M80,065,1458.30%91.70%Net SellingNet Selling
KD
KYNDRYL HOLDINGS INC
United States
$6.41B230,103,34869.94%20.82%Net Buying
TTEC
TTEC HOLDINGS INC
United States
$336.70M47,557,16519.79%80.21%Net SellingNet Selling
OCC
OPTICAL CABLE CORP
United States
$21.60M7,853,35714.20%26.45%Net Selling
MYNA
MYNARIC AG
Germany
$127.88M6,318,32214.22%0.00%
SVCO
SILVACO GROUP INC
United States
N/A28,545,6630.00%74.98%
ARQQ
ARQIT QUANTUM INC
United Kingdom
$66.69M166,314,2384.42%0.00%
KTCC
KEY TRONIC CORP
United States
$46.28M10,761,87140.96%8.87%
EGHT
8X8 INC
United States
$343.11M123,421,41779.93%20.07%Net SellingNet Selling
DZSI
DZS INC
United States
$42.69M31,159,77821.61%48.40%Net Selling
CLRO
CLEARONE INC
United States
$18.82M23,969,1484.77%67.86%Net Buying
SPPL
SIMPPLE LTD
Singapore
$11.70M16,255,9610.46%0.00%
RUN
SUNRUN INC
United States
$2.53B221,662,91059.39%40.61%Net SellingNet Buying
APCX
APPTECH PAYMENTS CORP
United States
$23.74M24,729,9224.63%12.53%Net Buying
KOPN
KOPIN CORP
United States
$99.24M118,428,00030.49%14.17%Net SellingNet Selling
COHR
COHERENT CORP
United States
$8.98B152,461,01385.59%10.15%Net SellingNet Selling
DTSS
DATASEA INC
China
$20.64M3,057,9440.01%99.99%
SLNH
SOLUNA HOLDINGS INC
United States
$10.23M3,921,5031.05%98.95%Net Buying
COMP
COMPASS INC
United States
$2.14B494,492,17256.40%43.60%Net SellingNet Selling
PRO
PROS HOLDINGS INC
United States
$1.52B47,004,36146.62%53.38%Net BuyingNet Buying
NOVT
NOVANTA INC
United States
$5.94B35,893,90675.43%24.57%Net SellingNet Selling
SNPO
SNAP ONE HOLDINGS CORP
United States
$813.57M76,535,64476.45%23.55%Net SellingNet Selling
MLNK
MERIDIANLINK INC
United States
$1.45B76,708,67452.90%47.10%Net SellingNet Selling
BNAI
BRAND ENGAGEMENT NETWORK INC
United States
$39.65M33,321,9551.93%55.84%Net BuyingNet Buying
CMTL
COMTECH TELECOMMUNICATIONS CORP
United States
$71.47M28,473,82266.96%6.37%Net BuyingNet Selling
PRST
PRESTO AUTOMATION INC
United States
$14.54M80,791,9678.37%68.69%Net Buying
SELX
SEMILUX INTERNATIONAL LTD
Taiwan
$68.87M37,428,3547.92%0.00%
CXAI
CXAPP INC
United States
$49.73M15,254,3896.32%66.03%Net Selling
SANG
SANGOMA TECHNOLOGIES CORP
Canada
$175.63M33,325,57520.27%0.00%
MICS
SINGING MACHINE CO INC
United States
$7.44M6,418,0611.23%98.77%Net Buying
WTO
UTIME LTD
China
$5.90M13,567,7930.73%0.00%
LPSN
LIVEPERSON INC
United States
$59.81M88,614,09766.61%24.17%Net BuyingNet Buying
TGL
TREASURE GLOBAL INC
United States
$5.86M1,304,6990.15%99.85%Net Buying
WAVD
WAVEDANCER INC
United States
$5.59M2,013,1801.31%98.69%Net Buying
SOBR
SOBR SAFE INC
United States
$4.44M20,007,4654.60%68.97%Net BuyingNet Buying
VCSA
VACASA INC
United States
$97.58M22,431,3434.59%95.41%Net Selling
KVYO
KLAVIYO INC
United States
$6.58B264,559,58136.46%2.30%Net SellingNet Selling
IFBD
INFOBIRD CO LTD
China
$125.91k31,8765.46%0.00%
ICG
INTCHAINS GROUP LTD
China
$483.76M119,891,8740.00%0.00%
VOXX
VOXX INTERNATIONAL CORP
United States
$84.53M22,542,09739.48%60.52%Net Buying
CYN
CYNGN INC
United States
$18.68M141,542,7156.79%3.34%
FEBO
FENBO HOLDINGS LTD
Hong Kong
$134.64M11,000,0000.01%0.00%
DATS
DATCHAT INC
United States
$4.06M3,009,3291.43%91.94%
CORZ
CORE SCIENTIFIC INC
United States
$696.91M177,783,48027.84%6.14%Net BuyingNet Buying
BCAN
BYND CANNASOFT ENTERPRISES INC
Canada
$3.86M3,245,06915.11%0.00%
CAN
CANAAN INC
China
$363.51M4,447,158,9321.21%0.00%
BLIN
BRIDGELINE DIGITAL INC
United States
$12.40M10,417,6097.18%63.22%Net Buying
BCOV
BRIGHTCOVE INC
United States
$94.07M44,582,48163.54%36.46%Net BuyingNet Buying
STER
STERLING CHECK CORP
United States
$1.51B97,751,38326.53%73.47%Net SellingNet Selling
MSTR
MICROSTRATEGY INC
United States
$30.64B17,737,43153.31%0.62%Net SellingNet Buying
RNG
RINGCENTRAL INC
United States
$3.43B92,174,18986.44%10.79%Net SellingNet Selling
EMKR
EMCORE CORP
United States
$8.43M8,267,16958.14%41.86%Net BuyingNet Selling
FRGT
FREIGHT TECHNOLOGIES INC
United States
$1.62M2,191,9240.93%0.00%
CSLR
COMPLETE SOLARIA INC
Cayman Islands
$57.44M49,096,53733.68%15.66%
SYNX
SILYNXCOM LTD
Israel
$12.48M5,075,00010.78%0.00%
RYDE
RYDE GROUP LTD
Singapore
$152.91M19,113,4430.17%0.00%
ETWO
E2OPEN PARENT HOLDINGS INC
United States
$1.54B306,526,29466.74%33.26%Net SellingNet Selling
SMTC
SEMTECH CORP
United States
$2.60B64,563,18195.97%4.03%Net SellingNet Selling
NUKK
NUKKLEUS INC
China
$1.72M1,814,6964.74%0.55%
INFA
INFORMATICA INC
United States
$9.17B299,633,84231.55%68.45%Net SellingNet Selling

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.