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.
8. HP Inc. (NYSE:HPQ)
Forward P/E Ratio: 8.29
Number of Hedge Fund Holders: 47
HP Inc. (NYSE:HPQ) is one of the 10 Most Undervalued Technology Stocks to Buy Right Now. On July 1, HP Inc. (NYSE:HPQ) announced its partnership with Firestorm Labs, a leader in advanced 3D printing and drone tech.
Under the partnership, Firestorm Labs has secured exclusive rights to distribute HP Inc. (NYSE:HPQ)’s mobile Multi Jet Fusion (MJF) 3D printing systems. This makes Firestorm Labs the sole provider of the company’s high-performance 3D printers, which are designed for mobile and field use.
The partnership is important due to Firestorm Lab’s xCell system, which can fit into two 20-foot containers and can be deployed anywhere globally. It runs on generators, batteries, or regular power, making it ideal for remote places. With HP Inc. (NYSE:HPQ)’s 3D printing tech inside, xCell can produce critical parts and drones on the spot, saving time and logistics challenges.
HP Inc. (NYSE:HPQ) is a leading provider of personal computers, printers, and related technologies. It is known for its 3D printing technology.
7. Zoom Communications Inc. (NASDAQ:ZM)
Forward P/E Ratio: 14
Number of Hedge Fund Holders: 49
Zoom Communications Inc. (NASDAQ:ZM) is one of the 10 Most Undervalued Technology Stocks to Buy Right Now. On June 12, Zoom Communications Inc. (NASDAQ:ZM) announced the launch of its Zoom Virtual Agent 2.0, which is an upgraded self-service virtual agent.
The Zoom Virtual Agent 2.0 provides key features, including agentic AI, which means that the responses go beyond simplicity, providing processing returns, updating accounts, and booking appointments. The agent also provides autonomous services with high-definition quality neural voices.
Zoom Communications Inc. (NASDAQ:ZM) noted that the new agent enables cost reduction, efficiency gains, and revenue growth. The Virtual Agent 2.0 works with Zoom Contact Center and popular platforms like Salesforce, ServiceNow, Zendesk, Microsoft Dynamics, and Genesys Cloud.
Zoom Communications Inc. (NASDAQ:ZM), which was formerly a video communications company, now provides AI work platforms designed to enhance human connection and collaboration.
6. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)
Forward P/E Ratio: 14.27
Number of Hedge Fund Holders: 54
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is one of the 10 Most Undervalued Technology Stocks to Buy Right Now. On June 5, William Blair analyst Jeff Schmitt maintained a Buy rating on SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) without disclosing a price target.
The analyst noted the company’s growth and stability potential to be factors behind the bullish sentiment. Jeff Schmitt highlighted SS&C Technologies Holdings, Inc. (NASDAQ:SSNC), which maintained an organic growth guidance of 2.5% for Q2 2025, despite economic uncertainty. The analyst believes this shows the company’s strong pipeline and active client engagement, which enhances its prospects.
Moreover, SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has also expanded internationally through partnerships. The company partnered with Insignia in Australia, and the analyst expects the partnership to bring significant revenue growth.
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is an international technology company that provides software and software-enabled systems for the financial and healthcare service industries.
5. Fidelity National Information Services, Inc. (NYSE:FIS)
Forward P/E Ratio: 14.23
Number of Hedge Fund Holders: 56
Fidelity National Information Services, Inc. (NYSE:FIS) is one of the 10 Most Undervalued Technology Stocks to Buy Right Now. On May 28, Fidelity National Information Services, Inc. (NYSE:FIS) announced a new partnership with MUFG Securities (Canada), Ltd. MUFG is a broker-dealer serving institutional clients in the Canadian capital markets.
Under the partnership, MUSC has chosen FIS’ Post Trade Processing Platform to handle its back-office operations. The platform will help MUSC streamline its processes by making trade settlements, confirmations, and accounting faster and more reliable. Notably, the system operates in real time, thereby reducing delays and errors.
Fidelity National Information Services, Inc. (NYSE:FIS) noted that broker-dealers face many challenges today, including tougher regulations, higher technology costs, new competitors, and shrinking profit margins. The platform helps address these issues by automating and simplifying workflows.
Fidelity National Information Services, Inc. (NYSE:FIS) is an international financial technology company that provides platforms and solutions for businesses and financial institutions.
4. Dell Technologies Inc. (NYSE:DELL)
Forward P/E Ratio: 13.34
Number of Hedge Fund Holders: 63
Dell Technologies Inc. (NYSE:DELL) is one of the 10 Most Undervalued Technology Stocks to Buy Right Now. On June 2, Mizuho Securities analyst Vijay Rakesh raised the firm’s price target on Dell Technologies Inc. (NYSE:DELL) from $145 to $150, while keeping a Buy rating on the stock.
The price target upgrade is based on the company’s robust performance during the fiscal first quarter of 2026. For the quarter, Dell Technologies Inc. (NYSE:DELL) posted a revenue of $23.4 billion, reflecting a 5% increase year-over-year and ahead of analysts’ expectations by $184.71 million. Notably, the operating income for the quarter also grew 21% year-over-year, reaching $1.2 billion.
The growth was driven by improvement across all core businesses, which led to a record first-quarter free cash flow of $2.8 billion. Taking inspiration from the results, management expects the full year revenue to be between $101.0 billion and $105.0 billion, reflecting an 8% year-over-year increase.
Dell Technologies Inc. (NYSE:DELL) designs and sells various tech-related products and services. The company operates through two main business segments, including the Infrastructure Solutions Group and Client Solutions Group.
3. Global Payments Inc. (NYSE:GPN)
Forward P/E Ratio: 6.76
Number of Hedge Fund Holders: 65
Global Payments Inc. (NYSE:GPN) is one of the 10 Most Undervalued Technology Stocks to Buy Right Now. On June 4, Global Payments Inc. (NYSE:GPN) announced a new integration between its MineralTree business and Sage. Sage is a leader in accounting and payroll technology for small and mid-sized businesses.
The new integrated solution is called Vendor Payments, which is powered by MineralTree and built directly into Sage Intacct, which is Sage’s cloud-based financial management system. The solution allows finance teams to pay vendor bills without leaving the Sage Intacct platform. This is an improvement from the previously used system that required handling multiple systems, logins, and bank accounts.
Some Notable features of the new solution include payments from existing bank accounts, direct debit funding for faster settlements and easier reconciliation, real-time visibility into payment systems, and more.
Global Payments Inc. (NYSE:GPN) is a financial technology company that provides software and services enabling merchants and financial institutions to process payments securely.
2. Western Digital Corporation (NASDAQ:WDC)
Forward P/E Ratio: 13.6
Number of Hedge Fund Holders: 78
Western Digital Corporation (NASDAQ:WDC) is one of the 10 Most Undervalued Technology Stocks to Buy Right Now. On May 19, Western Digital Corporation (NASDAQ:WDC) announced new advancements in its storage technology at Computex 2025. The company is focusing on building solutions for artificial intelligence, machine learning, and data-heavy workloads.
During the event, Western Digital Corporation (NASDAQ:WDC) announced the expansion of the Open Composable Compatibility Lab, which is being upgraded to version 2.0. Moreover, the company also introduced OpenFlex Data24 4100 EBOF, which is a new addition to the Data24 series and uses single-port SSDs.
Western Digital Corporation (NASDAQ:WDC) also introduced Ultrastar Data102 3000 ORv3 JBOD at Computex 2025. The product not only meets the latest Open Rack v3 specifications but is designed for cloud data centers. Management noted that these updated products are critical in helping organizations with their growing data demands.
Western Digital Corporation (NASDAQ:WDC) is a tech company that develops data storage solutions and devices.
1. QUALCOMM Incorporated (NASDAQ:QCOM)
Forward P/E Ratio: 13.79
Number of Hedge Fund Holders: 82
QUALCOMM Incorporated (NASDAQ:QCOM) is one of the 10 Most Undervalued Technology Stocks to Buy Right Now. On July 7, Citi raised the firm’s price target on QUALCOMM Incorporated (NASDAQ:QCOM) from $145 to $170, while maintaining a Hold rating on the stock.
The firm noted increasing the price target due to the resilience of the sector against tariffs. The firm had previously estimated that tariffs would lead to a slowdown in the sector; however, the market has shown resilience. Moreover, Citi also believes that the recent upturn is driven by a growing demand and inventory replenishment. It sees Microchip and Texas Instruments products having the most upside within the sector.
Moreover, QUALCOMM Incorporated (NASDAQ:QCOM) reported strong results for its fiscal second quarter of 2025. The company posted a revenue of $10.84 billion, up 15.45% year-over-year and ahead of expectations by $178.66 million. The EPS of $2.85 also exceeded expectations by $0.03.
QUALCOMM Incorporated (NASDAQ:QCOM) is a technology company that develops key wireless technologies, including 3G, 4G, and 5G connectivity. It also designs integrated circuits and software for devices like smartphones, IoT products, and automotive systems.
While we acknowledge the potential of QCOM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than QCOM and that has 100x upside potential, check out our report about this cheapest AI stock.
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