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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)
XBP
XBP EUROPE HOLDINGS INC
United States
$39.22M30,166,10218.38%81.62%Net Selling
UIS
UNISYS CORP
United States
$371.47M68,410,47786.81%10.13%Net SellingNet Selling
EMKR
EMCORE CORP
United States
$20.95M7,732,02844.77%55.23%Net BuyingNet Buying
ETWO
E2OPEN PARENT HOLDINGS INC
United States
$1.49B306,526,29467.87%32.13%Net SellingNet Selling
MRVL
MARVELL TECHNOLOGY INC
United States
$57.08B866,000,00069.01%30.99%Net SellingNet Selling
APCX
APPTECH PAYMENTS CORP
United States
$21.45M24,684,3174.31%12.55%Net Buying
KC
KINGSOFT CLOUD HOLDINGS LTD
China
$782.71M3,805,284,8010.89%0.00%
VNT
VONTIER CORP
United States
$6.25B153,900,00095.79%0.89%Net SellingNet Selling
RYDE
RYDE GROUP LTD
Singapore
$75.31M19,113,4430.00%0.00%
SMTC
SEMTECH CORP
United States
$2.43B64,563,18196.07%3.93%Net SellingNet Selling
DXC
DXC TECHNOLOGY CO
United States
$3.56B182,870,64696.14%2.91%Net SellingNet Buying
CISO
CISO GLOBAL INC
United States
$13.46M12,232,3795.12%94.88%
SQNS
SEQUANS COMMUNICATIONS
France
$30.17M246,262,00415.83%0.00%
INFA
INFORMATICA INC
United States
$9.14B295,080,14030.94%69.06%Net SellingNet Selling
GBTG
GLOBAL BUSINESS TRAVEL GROUP INC
United States
$2.86B472,619,83035.90%64.10%Net SellingNet Selling
LYT
LYTUS TECHNOLOGIES HOLDINGS PTV LTD
India
$2.75M694,477100.00%0.00%
CLVT
CLARIVATE PLC
United States
$4.50B666,285,99061.94%38.06%Net SellingNet Selling
POET
POET TECHNOLOGIES INC
Canada
$116.42M42,488,0452.25%0.00%
UAVS
AGEAGLE AERIAL SYSTEMS INC
United States
$7.53M10,891,4273.71%96.29%Net BuyingNet Buying
MLNK
MERIDIANLINK INC
United States
$1.27B76,318,17453.42%46.58%Net SellingNet Selling
WRAP
WRAP TECHNOLOGIES INC
United States
$73.84M44,214,1698.83%45.47%Net Selling
ZEPP
ZEPP HEALTH CORP
China
$50.57M240,827,1513.58%0.00%
KNW
KNOW LABS INC
United States
$53.20M81,346,5242.81%42.02%Net BuyingNet Buying
UMAC
UNUSUAL MACHINES INC
Puerto Rico
$10.99M9,083,3410.00%50.41%
WAVD
WAVEDANCER INC
United States
$5.58M2,013,1801.67%98.33%Net Buying
ARBB
ARB IOT GROUP LTD
Singapore
$28.02M26,437,5000.06%0.00%
DBD
DIEBOLD NIXDORF INC
United States
$1.19B37,566,67882.66%17.34%Net SellingNet Selling
OMQS
OMNIQ CORP
United States
$3.97M10,690,2115.64%26.30%Net Selling
CAMP
CALAMP CORP
United States
$5.12M1,652,02048.24%51.76%Net SellingNet Selling
MRDB
MARIADB PLC
Ireland
$35.57M67,749,42918.03%27.49%
OST
OSTIN TECHNOLOGY GROUP CO LTD
China
$5.88M14,006,2500.76%0.00%
NTRP
NEXTTRIP INC
United States
$1.86M780,4231.58%98.42%Net Buying
MRT
MARTI TECHNOLOGIES INC
United States
$87.15M57,036,0943.92%0.00%
XTIA
XTI AEROSPACE INC
United States
$25.29M9,919,41121.66%78.34%Net SellingNet Selling
NOTE
FISCALNOTE HOLDINGS INC
United States
$178.17M131,009,71935.02%64.98%Net SellingNet Selling
NATL
NCR ATLEOS CORP
United States
$1.44B72,100,00087.31%0.63%Net BuyingNet Buying
FCUV
FOCUS UNIVERSAL INC
United States
$18.78M64,771,8174.42%19.81%
TURB
TURBO ENERGY SA
Spain
$13.22M55,085,7000.11%0.00%
PHUN
PHUNWARE INC
United States
$52.98M8,027,08257.35%42.65%Net SellingNet Buying
RMCO
ROYALTY MANAGEMENT HOLDING CORP
United States
$12.62M14,504,0950.62%17.84%
FRGT
FREIGHT TECHNOLOGIES INC
United States
$454.36k565,11826.94%0.00%
EZFL
EZFILL HOLDINGS INC
United States
$10.75M4,673,4700.41%99.59%Net Buying
SATX
SATIXFY COMMUNICATIONS LTD
Israel
$48.62M83,114,1934.90%0.00%
MODN
MODEL N INC
United States
$1.16B39,032,25665.83%34.17%Net SellingNet Selling
MOGO
MOGO INC
Canada
$45.72M24,515,90914.92%0.00%
UPLD
UPLAND SOFTWARE INC
United States
$62.33M28,855,05551.11%48.89%Net SellingNet Selling
SLNH
SOLUNA HOLDINGS INC
United States
$6.90M2,841,4900.98%99.02%Net Buying
ISDR
ISSUER DIRECT CORP
United States
$44.16M3,815,21214.76%85.24%Net BuyingNet Buying
RBRK
RUBRIK INC
United States
N/A175,433,7850.00%0.00%
BNZI
BANZAI INTERNATIONAL INC
United States
$7.99M20,068,0971.11%98.89%Net BuyingNet Buying
ALIT
ALIGHT INC
United States
$5.08B562,982,41872.90%27.10%Net SellingNet Selling
NA
NANO LABS LTD
China
$40.03M65,831,4370.01%0.00%
XELA
EXELA TECHNOLOGIES INC
United States
$14.00M6,365,3510.26%99.74%Net BuyingNet Buying
ST
SENSATA TECHNOLOGIES HOLDING PLC
United Kingdom
$5.77B150,738,90743.71%56.29%Net SellingNet Selling
VYX
NCR VOYIX CORP
United States
$1.77B144,290,21084.25%15.75%Net BuyingNet Selling
LPL
LG DISPLAY CO LTD
Republic Of Korea
$2.89B357,815,7003.85%0.00%
NVNI
NVNI GROUP LTD
Cayman Islands
N/A31,617,3700.15%0.00%
LEDS
SEMILEDS CORP
Taiwan
$11.12M7,175,2380.18%99.82%Net BuyingNet Buying
JFU
9F INC
China
$37.44M235,466,6600.01%0.00%
AUUD
AUDDIA INC
United States
$3.58M2,194,19616.03%83.97%Net SellingNet Selling
MINM
MINIM INC
United States
$11.06M2,965,9000.13%99.87%Net Buying
STX
SEAGATE TECHNOLOGY HOLDINGS PLC
Ireland
$18.04B209,988,54212.42%87.58%Net SellingNet Selling
ASTS
AST SPACEMOBILE INC
United States
$565.85M256,042,83613.46%45.53%Net SellingNet Selling
COMM
COMMSCOPE HOLDING COMPANY INC
United States
$189.77M212,270,57684.12%5.76%Net BuyingNet Buying
TCX
TUCOWS INC
Canada
$193.11M10,928,62315.08%84.92%Net SellingNet Selling
CORZ
CORE SCIENTIFIC INC
United States
$520.36M177,596,0740.00%6.14%Net BuyingNet Buying
MFI
MF INTERNATIONAL LTD
Hong Kong
N/A13,145,0000.00%0.00%
WISA
WISA TECHNOLOGIES INC
United States
$9.27M1,672,9381.16%98.84%Net Selling
ASNS
ACTELIS NETWORKS INC
United States
$2.36M3,020,26811.14%27.92%Net SellingNet Selling
LDTC
LEDDARTECH HOLDINGS INC
Canada (Federal Level)
$65.48M28,770,9307.89%0.00%
ROMA
ROMA GREEN FINANCE LTD
Hong Kong
$7.61M10,425,2890.00%0.00%
CAUD
COLLECTIVE AUDIENCE INC
United States
$9.08M13,158,0781.88%55.39%Net SellingNet Selling
MOBX
MOBIX LABS INC
United States
$88.26M25,808,1210.70%34.36%Net Buying
ENV
ENVESTNET INC
United States
$3.40B54,788,79368.04%31.96%Net BuyingNet Buying
HUBC
HUB CYBER SECURITY LTD
Israel
$8.49M8,879,1360.05%55.28%
ZPTA
ZAPATA COMPUTING HOLDINGS INC
United States
$40.24M29,804,90423.45%7.26%
AWIN
AERWINS TECHNOLOGIES INC
Japan
$2.83M924,8904.95%95.05%
INTZ
INTRUSION INC
United States
$3.38M1,944,6758.92%91.08%Net BuyingNet Buying
KSPI
JOINT STOCK CO KASPIKZ
Kazakhstan
$22.38B190,008,8900.09%0.00%
ASTI
ASCENT SOLAR TECHNOLOGIES INC
United States
$375.59k3,793,8430.02%99.98%Net BuyingNet Buying
GCTS
GCT SEMICONDUCTOR HOLDING INC
United States
$59.31M12,566,36022.68%77.32%
AILE
ILEARNINGENGINES INC
United States
$53.37M8,204,5301.90%98.10%Net BuyingNet Buying
RXT
RACKSPACE TECHNOLOGY INC
United States
$377.98M219,755,45179.53%18.47%Net SellingNet Selling
VVPR
VIVOPOWER INTERNATIONAL PLC
United States
$10.13M2,578,8260.02%15.78%Net BuyingNet Buying
OPTX
SYNTEC OPTICS HOLDINGS INC
United States
$20.51M6,139,7160.51%99.49%

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.