10 Most Undervalued Tech Stocks to Buy in 2026

6. Dropbox, Inc. (NASDAQ:DBX)

​FWD P/E Ratio: 9.44

Number of Hedge Funds: 31

Dropbox, Inc. (NASDAQ:DBX) is one of the Most Undervalued Tech Stocks to Buy in 2026. On January 13, Rishi Jaluria from RBC Capital reiterated a Buy rating on the stock with a $35 price target. Earlier on December 19, Steve Enders from Citi reiterated a Hold rating on the stock with a $30 price target.

Analysts at RBC Capital expect 2026 to be the year when AI will become a tailwind for companies well prepared to adopt it into their enterprise solutions. The firm believes that Dropbox, Inc. (NASDAQ:DBX) is well-positioned against its peers due to its AI adoption, as the peers remain pressured by the “AI is the death of software” narrative. Moreover, RBC also highlighted that the company’s enterprise spending now appears to be more stabilized as generative AI is driving innovation.

That said, Dropbox, Inc. (NASDAQ:DBX) is expected to release its fiscal Q4 2025 results on February 20. Wall Street estimates revenue around $627.83 million, along with a GAAP EPS of $0.39.

Dropbox Inc. (NASDAQ:DBX) is a cloud-based platform for file storage and collaboration, allowing users to store, sync, and share files across multiple devices. It offers productivity solutions for individuals and businesses, including Dropbox Paper, HelloSign, and integrations with third-party applications.