In this article, we will look at the 10 Undervalued Tech Stocks Flying Under Wall Street’s Radar.
Global IT spending is expected to reach $3.8 trillion in 2025, a 3.8% year-over-year increase, according to HG Insights’ latest market report. The biggest takeaway from the report is that the global technology sector continues to show growth momentum as companies increase their technology investments across multiple segments.
However, recent market data indicate that the tech sector has exhibited mixed trading patterns, with performance varying significantly between large-cap technology names and smaller companies. In May, for instance, the tech-heavy Nasdaq Composite rose 9.56%, mainly driven by mega-cap tech stocks such as those in the “Magnificent Seven” cohort. Meanwhile, the Russell 2000, a proxy for small-cap stocks, gained only 5.20%.
But this divergence shouldn’t confuse investors to the point of putting their eggs in one basket, Goldman Sachs’ analysts warn. Alexandra Wilson-Elizondo, Co-Chief Investment Officer of Multi-Asset Solutions, characterized the current environment as requiring “more selective optimism rather than broad bullishness.” She notes that all tech names are benefiting equally from the current cycle.
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Our Methodology
To compile this list, we used the Finviz screener, filtering for tech companies with a forward P/E less than 15, to create the initial pool of stocks. Then, we identified the analyst upside potential for each stock (as of June 28) and only picked those with a reading above 5%. Lastly, we combed through Insider Monkey’s institutional holding database (for Q1 2025) to establish the popularity of each company among hedge funds. We then ranked the stocks based on analyst upside potential and selected the top 10. This list is in ascending order.
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).
Undervalued Tech Stocks Flying Under Wall Street’s Radar
10. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)
Analyst Upside Potential as of June 28: 9.10%
Forward P/E: 14.01
Number of Hedge Fund Holders: 46
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is one of the 10 undervalued tech stocks flying under Wall Street’s radar. On June 18, Wesleyan Assurance Society partnered with SS&C Technologies to launch a digital-first wealth management platform, enhancing a 20-year relationship. SS&C Hubwise will power the platform, offering advisers centralized tools to manage investments and expand product offerings for clients.
Set to pilot in June 2025, the initiative supports Wesleyan’s flagship funds and targets professionals like doctors and teachers. With over £20 billion in assets, SS&C Hubwise’s rapid growth underscores its role in modernizing financial advice amid rising regulatory and tech demands.
SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is a leading global provider of software and services tailored to the financial services and healthcare sectors. Established in 1986 and headquartered in Windsor, Connecticut, the company operates a worldwide network of offices. Over 22,000 organizations—from major global enterprises to small and mid-sized firms—depend on SS&C’s technology, scale, and industry expertise.
9. QUALCOMM Incorporated (NASDAQ:QCOM)
Analyst Upside Potential as of June 28: 10.04%
Forward P/E: 13.18
Number of Hedge Fund Holders: 82
QUALCOMM Incorporated (NASDAQ:QCOM) is one of the 10 undervalued tech stocks flying under Wall Street’s radar. On June 26, Silicon Motion (NASDAQ:SIMO) announced that it had completed compatibility validation of its Universal Flash Storage (UFS) solution with QUALCOMM’s Snapdragon Cockpit SA8295P platform. The Snapdragon Cockpit SA8295P platform is a high-performance automotive platform.
According to Silicon Motion, its UFS solution supports UFS 3.1 advanced features, including HS-Gear4 x 2-lane mode and command queuing. It is designed to deliver superior performance, multitasking support, and high reliability for automotive applications. The compatibility enables automotive customers to confidently adopt the UFS solution in designs utilizing the SA8295P platform for Automotive Safety Integrity Level B (ASIL-B) applications. ASIL-B is a safety standard for automotive systems.
The collaboration aligns with Qualcomm’s broader efforts to advance automotive technologies. This includes intelligent cockpit solutions, as seen in other partnerships, such as the one with PATEO CONNECT for the Snapdragon Cockpit Elite platform.
QUALCOMM Incorporated (NASDAQ:QCOM) is a semiconductor and wireless technology company. It designs and sells chips and software for smartphones, vehicles, and connected devices under its QCT segment and licenses its wireless patents through the QTL segment. Its best-known brand is Snapdragon, which powers many Android phones and automotive systems.