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

Zen Score Price Valuation Financials Forecast Earnings & Revenue Dividends Ownership Technicals

Ticker	Company	Exchange	Industry	Market Cap	Price	1d %	EBITDA	P/E	D/E
RMBS	RAMBUS INC	NASDAQ	Semiconductors	$6.25B	$57.97	0.05%	$266.09M	17.30x	0.22
EPAM	EPAM SYSTEMS INC	NYSE	Information Technology Services	$10.89B	$187.80	-0.71%	$664.41M	25.21x	0.26
DLO	DLOCAL LTD	NASDAQ	Software - Infrastructure	$2.84B	$9.59	-1.64%	$306.16M	21.31x	1.43
AGYS	AGILYSYS INC	NASDAQ	Software - Application	$2.73B	$99.94	0.95%	$25.15M	30.01x	0.51
FSLR	FIRST SOLAR INC	NASDAQ	Solar	$21.15B	$197.59	1.53%	$1.46B	20.60x	0.56
GDYN	GRID DYNAMICS HOLDINGS INC	NASDAQ	Information Technology Services	$782.05M	$10.22	-2.48%	$19.87M	340.67x	0.14
DV	DOUBLEVERIFY HOLDINGS INC	NYSE	Software - Application	$3.36B	$19.54	3.50%	$137.64M	48.85x	0.15
ACMR	ACM RESEARCH INC	NASDAQ	Semiconductor Equipment & Materials	$1.48B	$23.80	-2.82%	$124.71M	16.30x	0.75
ELTK	ELTEK LTD	NASDAQ	Electronic Components	$65.26M	$10.84	-1.45%	$8.61M	10.04x	0.76
RDVT	RED VIOLET INC	NASDAQ	Software - Application	$280.79M	$20.45	0.29%	$12.79M	19.48x	0.12
ARRY	ARRAY TECHNOLOGIES INC	NASDAQ	Solar	$1.66B	$10.96	-3.35%	$221.45M	26.73x	4.47
SURG	SURGEPAYS INC	NASDAQ	Software - Application	$81.82M	$4.22	3.82%	$17.13M	3.51x	0.24
LOGI	LOGITECH INTERNATIONAL SA	NASDAQ	Computer Hardware	$13.80B	$89.96	0.82%	$706.34M	23.07x	0.61
CTSH	COGNIZANT TECHNOLOGY SOLUTIONS CORP	NASDAQ	Information Technology Services	$34.19B	$68.76	-2.23%	$3.38B	16.49x	0.37
ACLS	AXCELIS TECHNOLOGIES INC	NASDAQ	Semiconductor Equipment & Materials	$3.68B	$113.23	-0.30%	$303.78M	14.82x	0.45
YALA	YALLA GROUP LTD	NYSE	Software - Application	$778.45M	$4.91	0.00%	$123.39M	6.64x	0.13
YMM	FULL TRUCK ALLIANCE CO LTD	NYSE	Software - Application	$9.93B	$9.42	4.20%	$332.95M	34.01x	0.10
GMM	GLOBAL MOFY METAVERSE LTD	NASDAQ	Information Technology Services	$27.12M	$0.95	2.15%	$8.40M	3.65x	0.30
MPTI	M-TRON INDUSTRIES INC	NYSEMKT	Electronic Components	$80.96M	$28.93	-3.57%	$6.32M	17.75x	0.23
GCT	GIGACLOUD TECHNOLOGY INC	NASDAQ	Software - Infrastructure	$1.47B	$35.76	-1.24%	$138.62M	13.81x	2.08
JKS	JINKOSOLAR HOLDING CO LTD	NYSE	Solar	$1.28B	$24.47	-1.29%	$1.94B	2.66x	5.08
CSCO	CISCO SYSTEMS INC	NASDAQ	Communication Equipment	$195.05B	$48.17	-0.35%	$18.18B	14.55x	1.19
SWKS	SKYWORKS SOLUTIONS INC	NASDAQ	Semiconductors	$15.02B	$93.62	-0.50%	$1.47B	17.47x	0.31
LYTS	LSI INDUSTRIES INC	NASDAQ	Electronic Components	$461.71M	$15.85	0.38%	$46.19M	16.51x	0.45
PLAB	PHOTRONICS INC	NASDAQ	Semiconductor Equipment & Materials	$1.81B	$28.64	0.10%	$292.96M	12.73x	0.23
G	GENPACT LTD	NYSE	Information Technology Services	$6.18B	$34.31	-0.35%	$769.86M	9.72x	1.06
ANET	ARISTA NETWORKS INC	NYSE	Computer Hardware	$100.24B	$319.89	-0.06%	$2.73B	43.46x	0.34
IMMR	IMMERSION CORP	NASDAQ	Software - Application	$297.52M	$9.34	0.00%	$58.12M	6.72x	0.22
DAVA	ENDAVA PLC	NYSE	Software - Infrastructure	$1.69B	$29.00	-4.32%	N/A	19.58x	0.28
OLED	UNIVERSAL DISPLAY CORP	NASDAQ	Electronic Components	$8.21B	$173.14	-0.31%	$316.84M	37.56x	0.13
MSFT	MICROSOFT CORP	NASDAQ	Software - Infrastructure	$3.12T	$420.21	-0.19%	$127.76B	36.26x	0.91
SMCI	SUPER MICRO COMPUTER INC	NASDAQ	Computer Hardware	$51.99B	$887.89	-1.83%	$1.20B	46.17x	0.74
IMXI	INTERNATIONAL MONEY EXPRESS INC	NASDAQ	Software - Infrastructure	$677.28M	$20.75	-0.34%	$117.01M	12.13x	2.97
ADI	ANALOG DEVICES INC	NASDAQ	Semiconductors	$106.16B	$214.08	-0.02%	$5.56B	38.02x	0.36
DOX	AMDOCS LTD	NASDAQ	Software - Infrastructure	$9.52B	$81.75	-0.44%	$849.15M	18.21x	0.80
EXLS	EXLSERVICE HOLDINGS INC	NASDAQ	Information Technology Services	$5.06B	$31.18	1.17%	$323.82M	28.50x	0.42
QCOM	QUALCOMM INC	NASDAQ	Semiconductors	$216.35B	$193.86	0.31%	$11.06B	25.81x	1.17
CDW	CDW CORP	NASDAQ	Information Technology Services	$30.06B	$223.64	-0.22%	$1.92B	27.58x	5.17
FI	FISERV INC	NYSE	Information Technology Services	$89.35B	$152.71	-0.09%	$8.17B	28.44x	2.19
SCSC	SCANSOURCE INC	NASDAQ	Electronics & Computer Distribution	$1.22B	$49.33	-1.00%	$147.30M	15.42x	0.89
STNE	STONECO LTD	NASDAQ	Software - Infrastructure	$4.52B	$14.63	-0.95%	$1.34B	13.63x	2.45
PAGS	PAGSEGURO DIGITAL LTD	NYSE	Software - Infrastructure	$4.21B	$12.76	-0.16%	$1.30B	12.63x	3.16
CRCT	CRICUT INC	NASDAQ	Computer Hardware	$1.51B	$6.95	-1.56%	$131.30M	23.97x	0.31
TSEM	TOWER SEMICONDUCTOR LTD	NASDAQ	Semiconductors	$4.07B	$36.71	-0.70%	$778.20M	8.25x	0.21
AXIL	AXIL BRANDS INC	NYSEMKT	Consumer Electronics	$56.97M	$9.69	-11.10%	$2.27M	18.28x	0.45
GRMN	GARMIN LTD	NYSE	Scientific & Technical Instruments	$32.83B	$170.94	0.56%	$1.48B	24.01x	0.19
AEHR	AEHR TEST SYSTEMS	NASDAQ	Semiconductor Equipment & Materials	$328.76M	$11.37	-1.47%	$16.15M	21.45x	0.18
AKAM	AKAMAI TECHNOLOGIES INC	NASDAQ	Software - Infrastructure	$14.50B	$95.21	-1.71%	$1.33B	23.05x	1.14
SHLS	SHOALS TECHNOLOGIES GROUP INC	NASDAQ	Solar	$1.09B	$6.41	-6.29%	$63.57M	35.61x	0.49
TASK	TASKUS INC	NASDAQ	Information Technology Services	$1.32B	$15.04	-1.38%	$161.66M	28.92x	0.92
ITRN	ITURAN LOCATION & CONTROL LTD	NASDAQ	Communication Equipment	$544.49M	$27.37	-1.12%	$84.11M	11.36x	0.79
PANW	PALO ALTO NETWORKS INC	NASDAQ	Software - Infrastructure	$102.70B	$317.85	0.34%	$1.21B	44.15x	3.20
FFIV	F5 INC	NASDAQ	Software - Infrastructure	$10.21B	$174.13	0.17%	$751.69M	20.75x	0.84
AUDC	AUDIOCODES LTD	NASDAQ	Communication Equipment	$302.72M	$9.98	0.00%	$21.02M	27.72x	0.83
TAIT	TAITRON COMPONENTS INC	NASDAQ	Electronics & Computer Distribution	$17.88M	$2.97	3.48%	$2.17M	10.61x	0.08
AMSWA	AMERICAN SOFTWARE INC	NASDAQ	Software - Application	$347.15M	$10.45	0.58%	$18.73M	29.03x	0.37
AMD	ADVANCED MICRO DEVICES INC	NASDAQ	Semiconductors	$265.84B	$164.47	1.14%	$4.17B	238.36x	0.21
ODD	ODDITY TECH LTD	NASDAQ	Software - Infrastructure	$2.41B	$42.37	-2.82%	$98.48M	33.10x	0.53
RELL	RICHARDSON ELECTRONICS LTD	NASDAQ	Electronic Components	$145.50M	$10.19	-0.88%	$6.03M	33.97x	0.22
ON	ON SEMICONDUCTOR CORP	NASDAQ	Semiconductors	$31.48B	$73.17	0.23%	$3.21B	14.46x	0.66
EEFT	EURONET WORLDWIDE INC	NASDAQ	Software - Infrastructure	$5.30B	$115.49	0.19%	$598.60M	19.41x	3.58
IBM	INTERNATIONAL BUSINESS MACHINES CORP	NYSE	Information Technology Services	$155.27B	$169.03	0.04%	$14.86B	18.84x	4.89
ZM	ZOOM VIDEO COMMUNICATIONS INC	NASDAQ	Software - Application	$19.73B	$64.16	0.31%	$957.83M	30.26x	0.24
ENPH	ENPHASE ENERGY INC	NASDAQ	Solar	$15.55B	$114.32	-2.17%	$409.80M	56.32x	2.50
TTD	TRADE DESK INC	NASDAQ	Software - Application	$46.36B	$94.78	1.71%	$385.55M	231.17x	1.15
SSNC	SS&C TECHNOLOGIES HOLDINGS INC	NASDAQ	Software - Application	$15.76B	$63.72	-0.45%	$2.05B	24.60x	1.69
SRAD	SPORTRADAR GROUP AG	NASDAQ	Software - Application	$3.17B	$10.65	0.47%	$354.47M	98.61x	1.57
INFY	INFOSYS LTD	NYSE	Information Technology Services	$71.06B	$17.13	-0.64%	$4.68B	24.13x	0.66
DDOG	DATADOG INC	NASDAQ	Software - Application	$40.16B	$120.07	-0.45%	$206.67M	333.53x	0.88
PAYS	PAYSIGN INC	NASDAQ	Software - Infrastructure	$260.12M	$4.91	-0.61%	$7.87M	37.77x	5.80
CVLT	COMMVAULT SYSTEMS INC	NASDAQ	Software - Application	$4.83B	$111.24	0.46%	$90.56M	28.89x	2.39
GIB	CGI INC	NYSE	Information Technology Services	$24.47B	$105.14	0.69%	$2.03B	20.38x	0.78
SPNS	SAPIENS INTERNATIONAL CORP N V	NASDAQ	Software - Application	$1.94B	$34.85	1.51%	$101.79M	29.29x	0.54
DSWL	DESWELL INDUSTRIES INC	NASDAQ	Electronic Components	$38.88M	$2.44	1.75%	$7.93M	6.34x	0.22
FTNT	FORTINET INC	NASDAQ	Software - Infrastructure	$46.93B	$61.43	0.31%	$1.50B	39.89x	-56.72
KEYS	KEYSIGHT TECHNOLOGIES INC	NYSE	Scientific & Technical Instruments	$27.46B	$157.30	0.33%	$1.56B	28.70x	0.88
DTST	DATA STORAGE CORP	NASDAQ	Information Technology Services	$42.17M	$6.05	-1.47%	$2.16M	55.00x	0.27
AVGO	BROADCOM INC	NASDAQ	Semiconductors	$646.61B	$1,395.29	-1.19%	$19.94B	50.17x	1.53
CSIQ	CANADIAN SOLAR INC	NASDAQ	Solar	$1.04B	$15.76	-1.87%	N/A	5.05x	3.43
NTAP	NETAPP INC	NASDAQ	Computer Hardware	$22.80B	$110.47	0.66%	$1.50B	24.60x	8.43
ADSK	AUTODESK INC	NASDAQ	Software - Application	$47.32B	$221.21	0.35%	$1.23B	51.56x	5.23
CLMB	CLIMB GLOBAL SOLUTIONS INC	NASDAQ	Electronics & Computer Distribution	$255.90M	$55.81	0.29%	$18.24M	21.63x	2.90
IBEX	IBEX LTD	NASDAQ	Information Technology Services	$266.48M	$15.48	2.11%	$71.97M	7.37x	0.82
TER	TERADYNE INC	NASDAQ	Semiconductor Equipment & Materials	$20.59B	$131.91	0.32%	$616.27M	47.11x	0.33
ASGN	ASGN INC	NYSE	Information Technology Services	$4.64B	$101.12	-0.13%	$450.70M	23.19x	0.87
KARO	KAROOOOO LTD	NASDAQ	Software - Application	$852.39M	$27.54	0.15%	$91.14M	21.72x	0.45
ALGM	ALLEGRO MICROSYSTEMS INC	NASDAQ	Semiconductors	$5.73B	$29.65	-0.34%	$315.07M	25.78x	0.38
ASML	ASML HOLDING NV	NASDAQ	Semiconductor Equipment & Materials	$363.88B	$924.97	0.59%	$9.88B	47.66x	1.83
ATEN	A10 NETWORKS INC	NYSE	Software - Infrastructure	$1.20B	$16.18	0.43%	$60.03M	26.10x	0.85
ARW	ARROW ELECTRONICS INC	NYSE	Electronics & Computer Distribution	$7.00B	$131.53	1.36%	$1.42B	10.21x	2.54
AVT	AVNET INC	NASDAQ	Electronics & Computer Distribution	$4.82B	$53.33	0.49%	$1.16B	8.49x	1.47
GLOB	GLOBANT SA	NYSE	Information Technology Services	$7.23B	$167.75	-5.62%	N/A	42.90x	0.50
MSI	MOTOROLA SOLUTIONS INC	NYSE	Communication Equipment	$61.34B	$367.80	0.38%	$2.24B	44.15x	24.55
NXPI	NXP SEMICONDUCTORS NV	NASDAQ	Semiconductors	$68.45B	$267.72	-0.70%	$4.72B	24.45x	1.61
ZI	ZOOMINFO TECHNOLOGIES INC	NASDAQ	Software - Application	$4.89B	$13.09	-3.82%	$475.20M	65.45x	2.37
HPQ	HP INC	NYSE	Computer Hardware	$30.59B	$31.19	0.39%	$4.51B	9.01x	-22.86
AMAT	APPLIED MATERIALS INC	NASDAQ	Semiconductor Equipment & Materials	$176.22B	$212.08	-0.91%	$8.78B	24.78x	0.81
LRCX	LAM RESEARCH CORP	NASDAQ	Semiconductor Equipment & Materials	$119.24B	$912.07	-3.27%	$4.43B	33.36x	1.28
ACN	ACCENTURE PLC	NYSE	Information Technology Services	$203.63B	$303.59	-1.43%	$11.50B	27.20x	0.86
HLIT	HARMONIC INC	NASDAQ	Communication Equipment	$1.36B	$11.63	-0.34%	$13.45M	18.46x	0.81

Tech Industries

Industry	Stocks	1d %	1w %	1m %	1y %	P/E ratio	P/B Ratio	ROE	ROA	ROCE	Upside/Downside	Consensus
Communication Equipment	66	+0.33%	+3.51%	+13.86%	+0.01%	8.90x	2.82x	+39.55%	+8.64%	+15.94%	+13.67%	Buy
Computer Hardware	35	-0.85%	+7.18%	+3.53%	+154.60%	38.33x	14.40x	-27.44%	+10.64%	+17.97%	+9.60%	Buy
Consumer Electronics	19	-0.38%	+3.52%	+7.87%	+1.64%	28.84x	23.24x	+142.75%	+28.02%	+54.15%	+16.01%	Buy
Electronic Components	44	+0.24%	+1.80%	+12.79%	+18.46%	21.86x	3.90x	+20.97%	+9.77%	+15.19%	+5.53%	Buy
Electronics & Computer Distribution	10	+0.00%	+2.50%	+8.24%	+36.07%	15.09x	1.46x	+11.24%	+3.60%	+11.71%	-2.57%	Hold
Information Technology Services	62	-0.46%	+0.92%	+2.78%	+17.47%	27.32x	4.56x	+24.53%	+8.09%	+16.40%	+14.60%	Buy
Scientific & Technical Instruments	32	+0.32%	+2.23%	+10.19%	+9.70%	13.63x	3.31x	+8.46%	+6.49%	+13.44%	+4.63%	Buy
Semiconductor Equipment & Materials	29	-0.69%	+1.11%	+6.64%	+45.83%	37.71x	11.91x	+51.04%	+18.23%	+30.74%	+8.78%	Buy
Semiconductors	67	-0.64%	+3.62%	+10.27%	+45.30%	66.74x	8.38x	+51.79%	+29.89%	+33.61%	+9.82%	Buy
Software - Application	248	+1.44%	+5.82%	+8.94%	+33.55%	32.16x	6.56x	+5.58%	+4.72%	+7.73%	+12.97%	Buy
Software - Infrastructure	147	-0.05%	+2.42%	+4.02%	+14.54%	45.36x	11.92x	+26.21%	+15.01%	+24.28%	+18.89%	Buy
Solar	26	-0.87%	+2.97%	+3.56%	-50.14%	24.31x	2.67x	+11.23%	+6.71%	+10.76%	+31.26%	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 8.25% over the past year, underperforming other tech stocks by -19 percentage points.

Rambus has an average 1 year price target of $81.67, an upside of 40.88% from Rambus's current stock price of $57.97.

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 -31.5% over the past year, underperforming other tech stocks by -59 percentage points.

Dlocal has an average 1 year price target of $18.00, an upside of 87.7% from Dlocal's current stock price of $9.59.

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 -19.37% over the past year, underperforming other tech stocks by -47 percentage points.

Epam Systems has an average 1 year price target of $281.88, an upside of 50.09% from Epam Systems's current stock price of $187.80.

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 145.08%, which is 142 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 12.73%, which is 9 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 0.23% in the last day, and up 3.61% over the last week. Mmtec was the among the top gainers in the technology sector, gaining 16.64% yesterday.

Shares of US-listed Chinese stocks are trading higher after China unveiled measures to support the property sector.

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 78 points higher than the tech sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Axcelis Technologies's stock has dropped -17.76% in the past year. It has underperformed other stocks in the tech sector by -45 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 78 points higher than the tech sector average of 22. It passed 7 out of 7 valuation due diligence checks.

International Money Express's stock has dropped -9.03% in the past year. It has underperformed other stocks in the tech sector by -36 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 78 points higher than the tech sector average of 22. It passed 7 out of 7 valuation due diligence checks.

Skyworks Solutions's stock has dropped -5.52% in the past year. It has underperformed other stocks in the tech sector by -33 percentage points.

Are tech stocks a good buy now?

41.41% of tech stocks rated by analysts are a strong buy right now. On average, analysts expect tech stocks to rise by 12.49% 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 44.41x.

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.