In this article, we will discuss 10 Most Undervalued Tech Stocks to Buy According to Analysts.
As of early 2026, leading hedge fund managers continue to express strong conviction in the broader technology sector, even as some selectively trim positions to manage valuations and lock in gains. While capital rotation has occurred in response to market dynamics, technology—particularly large-cap platforms and infrastructure providers—remains a core allocation for many funds, reflecting its central role in driving long-term earnings growth and innovation.
Bill Ackman of Pershing Square Capital Management has maintained a concentrated portfolio with significant exposure to major technology companies, at times allocating a substantial portion of assets to a handful of high-conviction names. His investment approach emphasizes businesses with strong competitive moats, scalable platforms, and the ability to expand margins through technological innovation. While he has adjusted positions—such as trimming exposure to certain holdings—his broader strategy continues to favor dominant tech franchises with durable growth profiles.
Similarly, Ray Dalio of Bridgewater Associates has been increasing exposure to technology across both software and hardware segments. His firm has built sizable positions in companies spanning cloud computing, semiconductors, and digital infrastructure, reflecting a view that technology remains a foundational driver of global productivity and economic expansion. This includes a focus not only on end-user platforms but also on the underlying infrastructure that supports digital ecosystems.
Meanwhile, Brad Gerstner of Altimeter Capital has emphasized a disciplined approach to growth investing, noting that while technology stocks often lead during periods of strong innovation cycles, investors must also navigate volatility and periodic corrections. His perspective highlights the importance of maintaining conviction in high-quality tech companies while remaining mindful of valuation risks.
Broader hedge fund data reinforces these individual views. Institutional investors have continued to favor large-cap technology stocks due to their scale, profitability, and exposure to long-term digital trends. While some funds have periodically rotated into other sectors, technology remains a dominant theme, supported by strong earnings visibility and its critical role across industries.
With this context in mind, here is a list of the 1o most undervalued tech stocks to buy according to analysts.
Our Methodology
We used screeners to identify tech stocks that are trading below a forward P/E of 15, and limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds. To make this list easier to navigate, we have ranked stocks in descending order of their forward P/E.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10 Most Undervalued Tech Stocks to Buy According to Analysts
10. BlackLine, Inc. (NASDAQ:BL)
Forward P/E: 14.18
On March 10, BlackLine, Inc. (NASDAQ:BL) appointed Storm Duncan and Megan Prichard to its Board of Directors as part of a cooperation agreement with Engaged Capital, with Duncan also joining the Board’s Strategic Committee. Management emphasized that the company remains focused on executing its strategic roadmap, highlighting expectations for revenue growth to accelerate into a 9.1%–9.6% range in 2026 following strong bookings in 2025, alongside meaningful expansion in non-GAAP operating margins. The company also pointed to growing traction in its AI-driven product suite, particularly BlackLine Verity, which saw customer adoption increase significantly quarter-over-quarter, reinforcing the firm’s positioning within financial automation and AI-enabled workflows.
On March 17, following a March 13 board decision, BlackLine, Inc. approved a $100 million increase to its existing share repurchase program, bringing total authorization to $500 million. The company has already repurchased a meaningful portion of shares, signaling a disciplined capital allocation strategy and management’s confidence in intrinsic value. While repurchase activity will remain flexible based on market conditions and strategic priorities, the expanded authorization underscores a commitment to shareholder returns while maintaining optionality to invest in growth initiatives, which supports a constructive long-term investment case.
BlackLine, Inc. is a cloud-based software company that provides financial automation solutions for accounting, reconciliation, journal entries, and financial close management. Its platform is designed to complement ERP systems by modernizing and centralizing financial operations, improving efficiency and accuracy while reducing manual processes. The combination of accelerating growth, expanding margins, increasing AI adoption, and active capital return initiatives positions BlackLine as a compelling opportunity for investors seeking exposure to scalable, AI-enabled enterprise software with improving financial fundamentals and long-term upside potential.
9. Accenture plc (NYSE:ACN)
Forward P/E: 13.37
On March 20, RBC Capital lowered its price target on Accenture plc (NYSE:ACN) to $253 from $295 while maintaining an Outperform rating, following the company’s Q2 results. Despite the lower target, Accenture delivered record bookings, including a notable number of large-scale client engagements, reflecting continued enterprise demand for its services. The firm noted that while near-term growth in bookings was modest on a year-over-year basis, Accenture’s ongoing focus on targeted acquisitions and investments in artificial intelligence is expected to strengthen its competitive positioning and support improved organic growth over time.
The same day, HSBC upgraded Accenture plc (NYSE:ACN) to Hold from Reduce while lowering its price target to $220 from $235, citing another solid quarterly performance. Although the firm expects revenue growth to remain below historical levels in the coming years and acknowledges concerns around AI’s long-term impact, it views the stock’s risk-reward profile as more balanced following recent valuation compression. This reassessment suggests that downside risks may already be reflected in the current share price, creating a more attractive entry point for investors.
Accenture plc (NYSE:ACN) is a global professional services company with leadership in digital transformation, cloud computing, and artificial intelligence. Its diversified service offerings across strategy, consulting, technology, and operations enable it to serve a broad range of industries globally. Given its strong bookings pipeline, strategic AI investments, and valuation reset, Accenture remains well-positioned to capitalize on enterprise digital transformation trends, offering investors a high-quality platform with resilient demand drivers and long-term growth potential.
8. Asure Software, Inc. (NASDAQ:ASUR)
Forward P/E: 10.66
On February 27, Northland raised its price target on Asure Software, Inc. (NASDAQ:ASUR) to $12 from $11 and maintained an Outperform rating following a strong Q4 performance that exceeded expectations. The firm highlighted that the company’s execution and operational momentum position it favorably for continued growth into 2026, reflecting improving demand trends and successful product adoption across its platform.
On the same day, Asure Software, Inc. reported fourth-quarter revenue of $39.31 million, surpassing consensus estimates, with year-over-year growth of 28% for the quarter and 17% for the full year. Management emphasized improving product attach rates and pointed to the recent launch of its Asure Central client portal as a catalyst for further growth, indicating continued expansion within its customer base and enhanced monetization opportunities.
Asure Software, Inc. is a provider of cloud-based Human Capital Management solutions designed to help businesses manage the employee lifecycle more efficiently. Its SaaS platform supports payroll, HR, and workforce management functions, enabling flexible and scalable workplace solutions. With strong revenue growth, improving product penetration, and new platform enhancements driving incremental demand, Asure Software presents a compelling growth story with meaningful upside as it continues to scale within the expanding HCM software market.
7. AudioEye, Inc. (NASDAQ:AEYE)
Forward P/E: 5.12
On March 9, H.C. Wainwright lowered its price target on AudioEye, Inc. (NASDAQ:AEYE) to $12 from $18 while maintaining a Buy rating following the company’s Q4 results. The adjustment reflects more conservative assumptions around near-term revenue growth and broader uncertainty related to the impact of artificial intelligence on software valuations, rather than a deterioration in the company’s underlying business fundamentals.
The same day, Craig-Hallum also reduced its price target on AudioEye, Inc. to $16 from $20 while reiterating a Buy rating, noting that results were largely in line with expectations but guidance was mixed. Importantly, the firm highlighted a key regulatory catalyst, as the Department of Justice’s Title II accessibility mandate is set to take effect on April 24, which is expected to drive increased demand for compliance solutions and benefit AudioEye’s partner ecosystem.
AudioEye, Inc. provides AI-driven, cloud-based web accessibility solutions that enable organizations to ensure their digital properties are accessible to individuals with disabilities. Its technology enhances website usability through features such as text-to-speech and automated compliance tools. With a favorable regulatory backdrop, increasing enterprise focus on accessibility, and continued adoption of AI-driven solutions, AudioEye is positioned to benefit from structural demand tailwinds, making it an attractive opportunity for investors seeking exposure to a niche but rapidly growing segment of the software market.
6. PagerDuty, Inc. (NYSE:PD)
Forward P/E: 5.01
On March 13, BofA lowered its price target on PagerDuty, Inc. (NYSE:PD) to $6 from $12 while maintaining an Underperform rating following mixed fiscal Q4 results. Although the company exceeded expectations in the quarter, the firm cited concerns around a softer demand environment, multiple compressions across infrastructure software peers, and execution risks that could weigh on near-term sentiment.
The same day, Truist also reduced its price target on PagerDuty, Inc. to $9 from $12 while maintaining a Buy rating, noting that PagerDuty delivered upside to both revenue and earnings guidance. However, the firm pointed to ongoing churn headwinds and a decline in dollar-based net retention below 100%, reflecting a transitional phase in the business as it works to stabilize growth and improve customer retention metrics.
PagerDuty, Inc. is a SaaS-based incident management platform that enables IT operations, DevOps, and security teams to manage and resolve digital incidents in real time. Its platform integrates AI-driven automation and analytics to improve system reliability and operational efficiency. Despite near-term challenges, PagerDuty’s mission-critical role in enterprise IT infrastructure, combined with its ongoing transition toward more efficient growth and improved retention, positions it as a potential turnaround opportunity with significant upside as execution stabilizes and demand for digital resilience solutions continues to expand.
5. Sprout Social, Inc. (NASDAQ:SPT)
Forward P/E: 4.64
On March 2, Barclays lowered its price target on Sprout Social, Inc. (NASDAQ:SPT) to $9 from $13 while maintaining an Overweight rating, noting that the company’s Q4 results exceeded expectations. However, management’s guidance for both Q1 and full-year 2026 came in below consensus, which is likely to weigh on near-term investor sentiment despite the underlying operational strength highlighted in the quarter.
On February 27, Morgan Stanley also reduced its price target on Sprout Social, Inc. to $10 from $12 and kept an Equal Weight rating, acknowledging that enterprise demand and margin expansion remain evident. However, the firm noted that organic growth appears capped in the near term, characterizing the company’s trajectory as one of stabilization rather than immediate reacceleration following its latest earnings report.
Sprout Social, Inc. is a technology company specializing in social media management, analytics, and customer engagement solutions. Its platform enables businesses to manage communications, generate leads, and derive actionable insights from social data. Despite near-term growth concerns, the company’s demonstrated enterprise strength and improving margin profile suggest a solid operational foundation, positioning it as a potential recovery play with upside as growth trends stabilize and sentiment improves.
4. PicS N.V. (NASDAQ:PICS)
Forward P/E: 3.53
On March 20, Mizuho lowered its price target on PicS N.V. (NASDAQ:PICS) to $23 from $30 while maintaining an Outperform rating, citing broader multiple compression across the fintech sector. Notably, the company’s first reported quarter as a public entity exceeded expectations, underscoring the resilience of its business model even amid a more challenging valuation environment.
On March 19, PicS N.V. reported fourth-quarter adjusted net income of R$188.2 million, significantly below consensus expectations, but management highlighted that 2025 marked a transformational year as PicPay completed its IPO and evolved into a full-service digital bank. The company delivered over R$10 billion in revenue, representing 85% year-over-year growth, driven by expansion across its financial services ecosystem and increased cross-selling. Diversification also improved meaningfully, with a growing contribution from fees, commissions, and insurance products, while its AI-driven internal platform continues to enhance operational efficiency and scalability.
PicS N.V. is a leading Brazilian fintech company founded in 2012 and headquartered in São Paulo. It operates a major digital wallet and financial services app, offering P2P transfers, Pix instant payments, loans, credit cards, and insurance, primarily targeting consumers and SMBs in Brazil
3. Urgent.ly Inc. (NASDAQ:ULY)
Forward P/E: 3.18
On March 17, Chardan downgraded Urgent.ly Inc. (NASDAQ:ULY) to Neutral from Buy with a price target of $5.50 following the announcement that Agero will acquire the company for $5.50 per share in cash. The downgrade reflects the limited upside remaining after the agreed transaction price effectively sets a valuation ceiling for the stock.
On March 14, Agero formally announced its agreement to acquire Urgent.ly Inc., emphasizing continuity for customers, partners, and employees post-transaction, while maintaining its long-term ownership structure. On the same day, Urgently reported Q4 revenue of $33.29 million, exceeding expectations, alongside improvements in gross profit, margin expansion, and significant reductions in operating expenses. The company also achieved a second consecutive quarter of positive non-GAAP operating income, highlighting meaningful progress toward profitability and operational efficiency.
Urgent.ly Inc. is a technology-driven provider of roadside and mobility assistance services operating across multiple global markets. Its platform connects service providers with customers through a digital-first model, improving efficiency and response times. The agreed acquisition validates the company’s strategic value and operational improvements, offering investors a clear monetization event while underscoring the attractiveness of its business model within the mobility services ecosystem.
2. Paysafe Limited (NYSE:PSFE)
Forward P/E: 2.60
On March 4, RBC Capital lowered its price target on Paysafe Limited (NYSE:PSFE) to $9 from $10 while maintaining a Sector Perform rating, citing mixed Q4 results driven by weakness in the SMB segment. However, the firm expressed optimism that 2026 could represent a cleaner operating year as prior investments in sales, product development, and distribution begin to generate returns.
The same day, UBS reduced its price target on Paysafe Limited to $6.75 from $7 and maintained a Sell rating following model updates, while BTIG lowered its target to $10 from $11 but reiterated a Buy rating. BTIG highlighted that although overall results were mixed, strength in the Digital Wallet segment offset some weakness in Merchant Solutions, and the firm sees potential upside driven by balance sheet deleveraging over the next year.
Paysafe Limited is a global payments platform offering digital wallets, payment processing, and online cash solutions, particularly within specialized verticals such as entertainment and iGaming. While near-term performance remains uneven, the company’s improving financial structure and continued investment in growth initiatives position it for potential reacceleration, making it an appealing turnaround candidate with upside tied to execution and leverage reduction.
1. Upland Software, Inc. (NASDAQ:UPLD)
Forward P/E: 0.67
On March 4, Canaccord lowered its price target on Upland Software, Inc. (NASDAQ:UPLD) to $3 from $5 while maintaining a Buy rating, noting that Q4 results were broadly in line with expectations. Importantly, free cash flow outperformed due to strong collections, supporting the firm’s view that the company’s intermediate-term trajectory remains intact despite near-term operational headwinds.
The day prior, Upland Software, Inc. provided 2026 guidance, forecasting a modest decline in total revenue primarily due to prior divestitures, while expecting adjusted EBITDA margins to improve to approximately 28%. This margin expansion reflects ongoing cost discipline and a focus on higher-quality, recurring revenue streams, even as topline growth temporarily moderates.
Upland Software, Inc. provides cloud-based enterprise work management solutions across areas such as customer engagement, content lifecycle automation, and IT management. Its portfolio-driven model, built through acquisitions, increasingly incorporates AI-enabled capabilities that enhance product value and create defensible competitive positioning. Despite near-term revenue pressure, the company’s strong free cash flow generation, improving margins, and sticky customer base support a favorable risk-reward profile, making it an attractive opportunity for investors seeking value in underappreciated software assets with turnaround potential.
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