11 Most Undervalued Technology Stocks to Buy According to Analysts

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1. Genasys Inc. (NASDAQ:GNSS)

Forward P/E Ratio as of September 30: 16.75

Number of Hedge Fund Holders: 5

Average Upside Potential as of September 30: 83.67%

Genasys Inc. (NASDAQ:GNSS) is one of the most undervalued technology stocks to buy according to analysts. On September 29, Genasys announced a significant $9.0 million order for its Long Range Acoustic Device/LRAD systems from the US Army. This order is for the Common Remotely Operated Weapon Stations/CROWS program and is specifically part of the CROWS II Technical Refresh program managed by the US Army, which involves adding LRAD systems to existing weapon stations.

This award represents the first Acoustic Hailing Device/AHD production order for the CROWS program, following the successful completion of the design, test, and qualification of the LRAD-450XL-RT model in 2024. Genasys anticipates earning revenue from supporting the CROWS program for years to come. The CROWS system is a stabilized weapon mount equipped with advanced sensors and fire-control technology.

The LRAD-450XL-RT systems are being integrated to provide highly intelligible, long-range communication and proven scalable escalation of force/EOF capabilities. The LRAD systems will give CROWS operators the ability to communicate with threats before engaging with lethal force, which can help de-escalate dangerous situations, reduce non-combatant casualties & collateral damage, enhance operator safety, and increase combat effectiveness.

Genasys Inc. (NASDAQ:GNSS) designs, develops, and commercializes critical communications hardware and software solutions to alert, inform, and protect people principally in Asia Pacific, North and South America, Europe, the Middle East, and Africa.

While we acknowledge the potential of GNSS 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 GNSS and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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