On September 24, Truist Wealth’s Keith Lerner and Empower’s Marta Norton joined ‘Closing Bell’ on CNBC to discuss the latest news affecting markets. On a mention of slight lag in tech, increased volatility, and the recent comment from the Fed chair about equity valuations, Marta Norton responded that the Fed chair’s comment is a sign of how extreme valuations are. While acknowledging that valuations are not a timing indicator, she pointed to data showing that when valuations reach extremes, both cheap and expensive, they become more predictive of prospective three-year returns. Norton’s general take on the Fed is that the market consistently gets its hopes up on the pace of rate cuts, which might prove less dovish than anticipated.
Norton stated that for the past several years, the market has attempted to push cuts while the Fed has held back. She illustrated this dichotomy by noting that the market is currently pricing in rates that would effectively take them below 3% by roughly this time next year, while the Fed is signaling a less dovish stance. Keith Lerner affirmed this sentiment and stated that the situation is complicated for the Fed due to the inflation backdrop and the scar tissue from previous inflation issues. Lerner then provided a historical context and stated that when the Fed has cut rates while the market is near all-time highs, the markets have been up about 90% of the time looking forward a year. He stressed that the crucial factor is that the economy avoids a recession and continues to move forward. Lerner also emphasized that interest rates are important, but not the only thing that matters.
That being said, we’re here with a list of the 11 most undervalued technology stocks to buy according to analysts.
Methodology
We sifted through the Finviz stock screener to compile a list of top tech stocks that had a forward P/E ratio under 20. We then selected the 11 stocks with an upside potential of over 30%. The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q2 2025, which was sourced from Insider Monkey’s database.
Note: All data was sourced on September 30.
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).
11 Most Undervalued Technology Stocks to Buy According to Analysts
11. NICE Ltd. (NASDAQ:NICE)
Forward P/E Ratio as of September 30: 10.82
Number of Hedge Fund Holders: 23
Average Upside Potential as of September 30: 31.23%
NICE Ltd. (NASDAQ:NICE) is one of the most undervalued technology stocks to buy according to analysts. On September 26, NICE announced the appointment of Jeff Comstock as President, CX Product & Technology, effective October 1. Comstock will report directly to NICE Chief Executive Officer Scott Russell and will join the company’s Executive Leadership Team.
Comstock brings over 25 years of experience from Microsoft Corp. (NASDAQ:MSFT), where he most recently served as Corporate Vice President, leading the Customer Experience applications business. His portfolio at Microsoft included Sales, Marketing, Customer Service, Contact Center, and the integrated AI-powered copilots and AI agents. Under his leadership, the Microsoft Dynamics 365 Customer Experience business achieved strong momentum, including double-digit year-over-year revenue growth in the most recently reported quarter.
Comstock is noted as a seasoned product and technology leader with more than two decades of experience building and scaling enterprise SaaS applications, possessing expertise in technical matters and product leadership, having led global, large-scale product, engineering, and AI teams. Comstock holds an MBA with High Honors from the University of Chicago Booth School of Business and a B.A. in Management Information Systems from Western Washington University.
NICE Ltd. (NASDAQ:NICE) provides AI-powered cloud platforms for customer engagement and financial crime & compliance worldwide.
10. Corpay Inc. (NYSE:CPAY)
Forward P/E Ratio as of September 30: 12.14
Number of Hedge Fund Holders: 42
Average Upside Potential as of September 30: 34.52%
Corpay Inc. (NYSE:CPAY) is one of the most undervalued technology stocks to buy according to analysts. On September 29, Corpay and Mastercard Incorporated (NYSE:MA) announced an expansion of their long-standing collaboration to enable Corpay’s business and financial institution clients to make near real-time payments to 22 new markets. The expansion covers regions across Asia, Europe, the Middle East, Africa, and Latin America.
The expanded reach is intended to help businesses and financial institutions meet the growing demand for fast and efficient transactions, especially with global cross-border payments projected to exceed $250 trillion by 2027. This builds upon a decade of collaboration between the two companies.
The announcement follows a strategic partnership established in April 2025. That earlier agreement made Corpay the exclusive provider of large-ticket cross-border payment solutions and currency risk management services for Mastercard’s financial institution clients.
Corpay Inc. (NYSE:CPAY) is a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments internationally.
Mastercard Incorporated (NYSE:MA) is a technology company that provides transaction processing and other payment-related products and services internationally.
9. Aviat Networks Inc. (NASDAQ:AVNW)
Forward P/E Ratio as of September 30: 9.74
Number of Hedge Fund Holders: 11
Average Upside Potential as of September 30: 37.37%
Aviat Networks Inc. (NASDAQ:AVNW) is one of the most undervalued technology stocks to buy according to analysts. On September 29, Aviat Networks announced a partnership with Intracom Telecom, which is a global technology systems and solutions provider, to deliver Fixed Wireless Access/FWA technology. The collaboration will focus on FWA technology that uses the high-capacity 28 and 39 GHz millimeter wave (mmWave) bands, conforming to FCC requirements for 5G use.
Aviat will initially target select North American service providers to address the growing need for multi-Gigabit consumer and enterprise 5G access use cases. The wireless alternative offers fiber-like performance without the high cost, delays, and complexity associated with deploying fiber infrastructure.
Aviat will provide a complete solution portfolio, including software solutions and a comprehensive set of design, planning, deployment, and support services, using its extensive presence in North America. Intracom Telecom’s contribution is the WiBAS G5 platform, which is described as the only commercially available point-to-multipoint FWA solution operating in the 28 and 39 GHz mmWave bands. The solution can cost-effectively deliver over 22 Gbps from the same base station site, using Multi-User MIMO and Hybrid Massive Beamforming, across distances of up to 5 miles and more.
Aviat Networks Inc. (NASDAQ:AVNW) provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific.
8. CGI Inc. (NYSE:GIB)
Forward P/E Ratio as of September 30: 13.59
Number of Hedge Fund Holders: 17
Average Upside Potential as of September 30: 40.27%
CGI Inc. (NYSE:GIB) is one of the most undervalued technology stocks to buy according to analysts. On September 29, CGI announced a partnership with Barclays to integrate CGI Trade360, its global trade finance solution, with Konsole from Komgo, the largest multi-bank trade finance platform, to deliver connectivity between banks and corporates.
The solution will provide Barclays with benefits like greater transparency & transaction speed, and reduced manual entry & operating risk. The integration of Komgo with CGI Trade360 will provide corporate clients with a fully digital experience and simplify operations processing.
The digital trade finance advancement means Barclays’ corporate clients using the Komgo platform will now benefit from a fully automated workflow with CGI Trade360 for transactions flowing to the bank. Combining Komgo’s multi-bank network with CGI’s robust processing capabilities delivers real value to both banks and corporates.
CGI Inc. (NYSE:GIB) provides IT and business process services. The company provides application development, application portfolio management, quality engineering and testing, application modernization & maintenance, DevOps transformation, and other related services.
7. Kyndryl Holdings Inc. (NYSE:KD)
Forward P/E Ratio as of September 30: 13.33
Number of Hedge Fund Holders: 36
Average Upside Potential as of September 30: 41.53%
Kyndryl Holdings Inc. (NYSE:KD) is one of the most undervalued technology stocks to buy according to analysts. On October 1, Kyndryl announced advanced agentic AI capabilities. These enhancements augment the existing Kyndryl Agentic AI Framework to accelerate AI adoption at scale across various industries. The new capabilities incorporate a unique design process and an innovative engagement methodology through Kyndryl Vital to help customers move beyond limited proof-of-concept AI projects.
The goal is to scale real-world, AI-native solutions that boost efficiency and drive tangible business outcomes, speeding up time to value for sectors like government, banking, insurance, and manufacturing. The core of the expanded Kyndryl Agentic AI Framework includes advanced capability for orchestrating, securing, and scaling a customer’s technology footprint into agentic AI workflows.
This is fortified by Kyndryl’s agentic ingestion capability, which analyzes customer details such as code, policies, data interdependencies, business goals, and insights, including those from Kyndryl Bridge. The framework is designed to be secure-by-design, incorporating guardian concepts to ensure autonomous, transparent, and compliant operations. Kyndryl is using its decades of mission-critical infrastructure expertise, intellectual property, and AI consult methodology to lead customers toward agentic AI.
Kyndryl Holdings Inc. (NYSE:KD) is a technology services company and IT infrastructure services provider in the US, Japan, and internationally.
6. Five9 Inc. (NASDAQ:FIVN)
Forward P/E Ratio as of September 30: 7.92
Number of Hedge Fund Holders: 40
Average Upside Potential as of September 30: 44.63%
Five9 Inc. (NASDAQ:FIVN) is one of the most undervalued technology stocks to buy according to analysts. On September 30, Five9 announced significant changes to its Board of Directors. The company appointed Sudhakar Ramakrishna to the Board of Directors, with his tenure officially beginning on September 26. Simultaneously, the company announced the retirement of Lead Independent Director David Welsh, who concluded over 14 years of service to the Board on the same date.
Sudhakar Ramakrishna brings ~25 years of technology leadership experience. He currently serves as the Chief Executive Officer and President of SolarWinds Corporation, which provides secure observability and IT management software, where he has led major transformations in technology, business model, and cybersecurity.
Five9 Chairman and CEO Mike Burkland noted that Ramakrishna’s enterprise software leadership, cybersecurity, and IT infrastructure expertise, and boardroom experience will be a benefit, particularly his perspective on scaling secure, AI-driven platforms across several industries. Ramakrishna will serve as a Class II director, with his term set to expire at the Company’s 2028 annual meeting of stockholders. He will also be a member of the Nominating and Governance Committee of the Board.
Five9 Inc. (NASDAQ:FIVN) provides intelligent cloud software for contact centers in the US and internationally. It offers a CX platform that delivers applications that enable the breadth of customer service, sales, and marketing functions.
5. Globant (NYSE:GLOB)
Forward P/E Ratio as of September 30: 9.23
Number of Hedge Fund Holders: 26
Average Upside Potential as of September 30: 48.14%
Globant (NYSE:GLOB) is one of the most undervalued technology stocks to buy according to analysts. On September 30, Globant announced a multi-year Strategic Collaboration Agreement/SCA with Amazon Web Services/AWS. The agreement expands upon the collaboration between the two companies, which has been in place for more than a decade, beginning in 2011.
The SCA is designed to provide clients globally with enhanced support for cloud migrations, acceleration of GenAI adoption, and the development of industry-specific solutions. Through the expanded partnership, Globant will use AWS services to support digital transformation initiatives across multiple industries, with a specific focus on Media & Entertainment, Gaming, Sports/MEGS, Banking & Financial Services/BFSI, Travel & Hospitality, and Automotive.
The collaboration aims to help businesses modernize their operations, improve customer experiences, and utilize GenAI capabilities. The long-standing relationship has already delivered advanced cloud solutions to various industries, including FSI and MEGS, with notable customers like Formula 1.
Globant (NYSE:GLOB) provides a range of technology services worldwide. For instance, the company offers studio products comprising AI Studios Network, Globant GUT Network to connect brands to end-consumers through marketing, Digital Evolution Network, and Enterprise Network.
4. Repay Holdings Corporation (NASDAQ:RPAY)
Forward P/E Ratio as of September 30: 5.38
Number of Hedge Fund Holders: 25
Average Upside Potential as of September 30: 52.96%
Repay Holdings Corporation (NASDAQ:RPAY) is one of the most undervalued technology stocks to buy according to analysts. On September 30, Repay announced a new integration with Fuse, which is a next-generation loan origination system/LOS. Te integration enhances Fuse’s AI-powered lending software by providing REPAY’s digital payment technology to banks, credit unions, and other financial institutions.
The expanded automation capabilities are designed to help lenders more efficiently manage consumer and auto loans, reduce errors, and increase efficiency across the entire loan management lifecycle. The integration allows lenders using Fuse’s platform to access expanded payment automation capabilities. Specifically, transaction logs are automatically updated following payments made via card, ACH, or digital wallet.
This process creates a clear record of loan payment activity and generates highly detailed, accurate, and usable data for analysis. The increased scope of automation enabled by Fuse’s advanced loan origination AI software reduces the risk of manual errors and miscalculations. The generated insights can also be analyzed to automate compliance checks and proactively identify potential issues before they pose a risk.
Repay Holdings Corporation (NASDAQ:RPAY) is a payments technology company that provides integrated payment processing solutions that enable consumers & businesses to make payments using electronic payment methods in the US.
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.
2. Unisys Corporation (NYSE:UIS)
Forward P/E Ratio as of September 30: 9.82
Number of Hedge Fund Holders: 24
Average Upside Potential as of September 30: 79.49%
Unisys Corporation (NYSE:UIS) is one of the most undervalued technology stocks to buy according to analysts. On September 18, Unisys announced its partnership with Appspace, which is a workplace communications and management platform, to enhance the Unisys Sustainable Workplace solution.
The collaboration provides intelligent space management across multiple office locations. Features include real-time workplace data that makes it easier for employees to find available desks and rooms, as well as touchless interactions, self-service tools, and improved navigation and communication.
The solution uses enterprise-grade digital displays and signage, web and mobile apps, and touch-screen kiosks to empower employees to perform self-service tasks without needing IT or facilities assistance. Additionally, it helps keep frontline workers informed about required training and emergency alerts via screens across the workplace.
Unisys Corporation (NYSE:UIS) is an IT solutions company that operates in three segments: Digital Workplace Solutions/DWS; Cloud, Applications & Infrastructure Solutions/CA&I; and Enterprise Computing Solutions/ECS.
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 the cheapest AI stock.
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Disclosure: None.
