In this article, we will discuss: 11 Most Undervalued Tech Stocks to Buy Right Now.
Harris Williams’ “Outlook 2026: Technology” report stated that tech demand will accelerate into 2026 as companies expand artificial intelligence usage and digital transformation. Michael Kim, managing director and co-head of the Technology Group at Harris Williams, said that the firm looks out for AI-advanced software and tech-supported services to automate workflows and to smooth out the customer experience. It also improves decision-making as well as increases investor interest across software and services.
The report also stated that compliance, IT services, healthcare, and legal technology are creating M&A opportunities as regulatory complexity and risks related to cybersecurity rise. Thierry Monjauze, managing director and co-head, said that supply chain risk management systems produce network effects among asset owners and contractors, mentioning Highwire and NetVendor as examples. Harris Williams also noted Sphera and A-LIGN in risk and cybersecurity software, HITRUST in integrated compliance systems, and ABC Legal in legal automation, and pointed out growing investor interest in scalable and AI-driven corporate solutions.
With that said, here are the 11 Most Undervalued Tech Stocks to Buy Right Now.
Photo by ThisisEngineering on Unsplash
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.
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).
11. ACI Worldwide, Inc. (NASDAQ:ACIW)
Forward P/E: 13.18
On May 21, 2026, ACI Worldwide, Inc. (NASDAQ:ACIW) extended its partnership with UBX Tanzania Limited. It deepens a relationship spanning nearly two decades to strengthen infrastructure and scale Tanzania’s digital payments ecosystem. UBX now supports 18 banks, operates over 250 ATMs, and processes more than 1.3 million monthly transactions, the firm said.
The platform is expected to nearly double payment-processing capacity over five years while running on dual PCI-compliant data centers to improve resilience and reduce disruption risk.
Managing Director Seronga Wangwe said ACI Worldwide, Inc. (NASDAQ:ACIW) helps UBX to expand services, onboard more institutions, and deliver secure, high-performance payments. The release said UBX can now serve merchants directly and launch services like digital wallets.
EMEA General Manager Nick Craig said the collaboration builds on long-standing trust and supports digital payment transformation and financial inclusion in Tanzania.
ACI Worldwide, Inc. (NASDAQ:ACIW) is a firm that develops, markets, installs, and supports software products and solutions. It operates through the following segments: Banks, Merchants, and Billers.
10. Accenture plc (NYSE:ACN)
Forward P/E: 11.92
On May 28, 2026, Accenture plc (NYSE:ACN) and Mitsubishi Chemical formed a joint venture to drive AI-enabled reinvention, establishing Rix Business Partners through Mitsubishi Chemical’s subsidiary DIA-RIX. The report said the venture will build an AI-driven digital platform. It will support corporate functions, primarily general affairs, across offices and manufacturing sites to improve visibility, standardization, and cross-site management. It will also help employees shift toward higher-value work.
A day earlier, on May 27, 2026, Powerfleet partnered with Accenture plc (NYSE:ACN) to expand intelligent safety technologies across Central Europe. Under the agreement, the report said Accenture will promote Powerfleet’s Connected Warehouse and on-road safety solutions to enterprise customers in the region, with plans to scale further.
On May 14, Accenture plc (NYSE:ACN)’s subsidiary Accenture Federal Services and OpenAI announced a strategic partnership to advance AI usage across all US federal agencies. It stated that Accenture Federal will act as an implementation partner, helping clients move from experimentation to production “in weeks, not years.”
Accenture plc (NYSE:ACN) is a multinational professional services firm. It operates in three geographical segments: North America, EMEA, and Growth Markets.
9. Docebo Inc. (NASDAQ:DCBO)
Forward P/E: 11.43
On May 8, 2026, Docebo Inc. (NASDAQ:DCBO) reported Q1 results with total revenue of $65.6 million, growing by 15% year over year, while subscription revenue jumped by 12%. Gross profit reached $51.3 million while net loss was $1.6 million.
Docebo Inc. (NASDAQ:DCBO) reported adjusted net income of $9.9 million, which was up from $8.5 million, along with adjusted EBITDA of $11.0 million, representing 16.8% of revenue. Cash flow from operations jumped to $24.8 million from $7.9 million, while free cash flow rose to $27.6 million, the company added.
Chief Operating Officer Alessio Artuffo said the corporation surpassed projections. He also raised its full-year outlook as enterprise use of its artificial intelligence-powered platform speeds up.
Looking ahead, Docebo Inc. (NASDAQ:DCBO) sees 2026 revenue of $271 million to $273 million and adjusted EBITDA of $54.5 million to $56.5 million.
Docebo Inc. (NASDAQ:DCBO) is a firm that develops a cloud-based learning management platform.
8. CI&T Inc. (NYSE:CINT)
Forward P/E: 10.00
On May 12, 2026, UBS bumped up its price target on CI&T Inc. (NYSE:CINT) to $7.20 from $7.10. The firm maintained a “Buy” rating on the shares.
A day earlier, on May 11, 2026, CI&T Inc. (NYSE:CINT) reported first-quarter revenue of $136.6 million, up 23.2% year over year, with profit rising 1.6% to $7.6 million, according to the company. Adjusted EBITDA reached $20.8 million, which was up by 6.3%, while adjusted profit climbed 6.2% to $10.2 million. Diluted EPS increased 6.9% to $0.06 and adjusted diluted EPS rose 11.8% to $0.08, the firm said.
Chief Executive Officer Cesar Gon said the corporation delivered a “record start” to 2026. He noted 23.2% organic growth and expanding AI placement and monetization, with 20% of new sales connected to new pricing models.
CI&T Inc. (NYSE:CINT) gives strategy, design, and software engineering services for digital transformation. The company’s solutions and services include Digital Strategy, Customer-Centric Design, and Top-of-the-Line Software Engineering.
7. Cognizant Technology Solutions Corporation (NASDAQ:CTSH)
Forward P/E: 9.43
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) is among the Most Undervalued Stocks.
On May 29, Cognizant Technology Solutions Corporation (NASDAQ:CTSH) said it is opening its TriZetto Unify platform to AI agents. It will target delays in prior authorization and involve physicians in clinical decisions.
President of Cognizant AI Products and Platforms Prasad Sankaran said AI agents are “joining human users in enterprise workflows,” requiring systems that are “policy-governed” and auditable, with future solutions treating agents as “first-tier consumers.”
The company said Electronic Prior Authorization is the first live use case, exposing services through headless APIs that allow automated workflows and agent-based execution.
Surya Gummadi, president of Cognizant Americas, said prior authorization shows “real pressure” to cut administrative costs and added that the AI agents can handle non clinical work and preserve physician oversight.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH), citing American Medical Association data, stated that 95% of physicians report delays tied to prior authorization, and staff spend 13 hours weekly on requests.
The corporation said TriZetto platforms support over 200 million members and process more than $500 billion annually.
Cognizant Technology Solutions Corporation (NASDAQ:CTSH) provides information technology, consulting, and business process outsourcing services. It operates through the following segments: Healthcare Sciences, Financial Services, Products and Resources, and Communications, Media, and Technology.
6. HP Inc. (NYSE:HPQ)
Forward P/E: 8.65
On May 28, Reuters reported that HP Inc. (NYSE:HPQ) had second-quarter revenue growth by 9% to $14.41 billion and adjusted EPS of 86 cents, beating LSEG estimates of $14.07 billion and 71 cents. The firm said demand for artificial intelligence advanced PCs drove results.
AI PCs accounted for 44% of shipments, jumping from over 35% in the prior quarter. CFO Karen Parkhill told Reuters the company “took deliberate actions to lower memory costs” through product reconfiguration, sourcing changes, and pricing adjustments.
HP Inc. (NYSE:HPQ) guided third quarter adjusted EPS to 61-71 cents as compared to 64 cent estimates, with the midpoint slightly above consensus. The firm also projected fiscal 2026 EPS to be between $2.90 and $3.10.
Reuters reported that the corporation sees operating margins bottoming out in the fourth quarter as memory chip scarcity pressures costs. The company also expects improvement in fiscal 2027 with a Windows 11 shift toward premium PCs after Windows 10 support ended in October.
HP Inc. (NYSE:HPQ) also said AI PC shipments will rise toward 60-70% next year and exceed 70% by fiscal 2028.
HP Inc. (NYSE:HPQ) is an information technology company. It works through the following Personal Systems, Printing, and Corporate Investments segments.
While we acknowledge the potential of HPQ 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 HPQ and that has 100x upside potential, check out our report about the cheapest AI stock.
Click to continue reading and see the 5 Most Undervalued Tech Stocks to Buy Right Now.
Disclosure: None. Follow Insider Monkey on Google News.
