11 Most Undervalued Technology Stocks to Buy According to Analysts

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3. Progress Software Corporation (NASDAQ:PRGS)

Forward P/E Ratio as of September 30: 7.72

Number of Hedge Fund Holders: 24

Average Upside Potential as of September 30: 65.04%

Progress Software Corporation (NASDAQ:PRGS) is one of the most undervalued technology stocks to buy according to analysts. On September 29, Progress Software announced the early customer review and testing of the Progress OpenEdge MCP Connector for Advanced Business Language/ABL.

The purpose-built integration is designed to accelerate development and modernization for users of the Progress OpenEdge platform by empowering them with intelligent automation, domain-specific coding assistance, and guided modernization.

The core of the MCP Connector is its combination of GenAI and Retrieval-Augmented Generation/RAG. The connector delivers precise coding guidance, refactoring support, and documentation generation aligned with OpenEdge standards.

Progress Software Corporation (NASDAQ:PRGS) develops, deploys, and manages AI powered applications and digital experiences in the US and internationally.

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