In this article, we will look at the 10 Most Undervalued Technology Stocks to Buy Right Now.
On July 9, Michael Bapis, Vios Advisors at Rockefeller Capital Management, joined CNBC for an interview to discuss the technology sector. He has advised investors to stick with the winning tech sector, which is taking the S&P 500 to new highs. Bapis noted that technology has changed everything in the world, and people are trying to make sense of the potential of technology to change our world in the years to come. He mentioned that, given the drastic changes that tech and AI have brought, the metrics used to evaluate jobs and the economy should also be updated.
While discussing valuations, Bapis believes that the technology sector will never be too expensive. He believes that with the current pace of technological advancement, the world will never stop needing it; in fact, technology is being used to reinvent people, jobs, and our lifestyles as well. He mentioned that with AI, he does not foresee any slowdowns for the technology sector. He argues that the more important question is related to the change technology is bringing and will bring to the labor market, as organizations would have to reinvent roles and jobs following the technological advancements.
Therefore, Bapis suggests investors stick with the winners of the tech sector from the first half of the year, as he sees them continuing with their winning streak.
With that, let’s take a look at the 10 most undervalued technology stocks to buy right now.
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Our Methodology
To curate the list of 10 most undervalued technology stocks to buy right now, we used the Finviz stock screener and Seeking Alpha. Firstly, we aggregated a list of tech stocks trading under the Forward P/E of 15. Next, we cross-checked the Forward P/E ratio of each company from seeking alpha and ranked the stocks based on the number of hedge fund holders of each stock, sourced from the Insider Monkey’s Q1 2025 hedge funds database. Please note that the data for this article was collected on July 7, 2025.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
10 Most Undervalued Technology Stocks to Buy Right Now
10. NetApp, Inc. (NASDAQ:NTAP)
Forward P/E Ratio: 13.88
Number of Hedge Fund Holders: 42
NetApp, Inc. (NASDAQ:NTAP) is one of the 10 Most Undervalued Technology Stocks to Buy Right Now. On July 2, NetApp, Inc. (NASDAQ:NTAP) announced that it was recognized as a leader in cybersecurity by SE Labs.
The company won the 2025 SE Labs Award for Enterprise Data Protection, highlighting its position as a provider of highly secure solutions. It won the award by developing its ONTAP Autonomous Ransomware Protection with Artificial Intelligence. The system detects 99% of advanced ransomware attacks with zero false positives.
The system uses artificial intelligence to identify ransomware attacks in real time and is built directly on NetApp, Inc. (NASDAQ:NTAP) storage system. Thereby allowing immediate detection and response, helping companies protect their data quickly and efficiently.
NetApp, Inc. (NASDAQ:NTAP) is an intelligent data infrastructure company that provides solutions to help store, manage, and protect data both in its data centers and in the public cloud.
9. Hewlett Packard Enterprise Company (NYSE:HPE)
Forward P/E Ratio: 11.4
Number of Hedge Fund Holders: 45
Hewlett Packard Enterprise Company (NYSE:HPE) is one of the 10 Most Undervalued Technology Stocks to Buy Right Now. On July 3, Barclays raised the firm’s price target on Hewlett Packard Enterprise Company (NYSE:HPE) from $24 to $26, while keeping an overweight rating on the stock.
The price target upgrade comes after the company announced completing the acquisition of Juniper Networks, Inc., which is a leader in AI-native networks. This strategic step positions Hewlett Packard Enterprise Company (NYSE:HPE) to capture the growing AI and hybrid cloud market opportunity.
Barclays sees this deal as a positive step for Hewlett Packard Enterprise Company (NYSE:HPE) as it brings better growth opportunities and gross margins. Moreover, the firm also likes the company’s enhanced position in the networking industry and thereby sees double-digit EPS for fiscal 2027.
Hewlett Packard Enterprise Company (NYSE:HPE) is a technology company that helps businesses manage and protect data from the edge to the cloud.
