In this article, we will discuss the 5 best low cost tech stocks to buy right now. If you want to read our comprehensive analysis of the tech sector, go directly to 10 Best Low Cost Tech Stocks to Buy Right Now.
5. Vontier Corporation (NYSE:VNT)
Number of Hedge Fund Holders: 31
Share Price (as of January 4): $31.02
Vontier Corporation (NYSE:VNT) offers critical technical equipment to the mobility infrastructure industry around the globe. This includes products and services such as environmental sensors, fuelling equipment, and software solutions for traffic light controls. At the end of the third quarter, 31 out of 867 elite hedge funds tracked by Insider Monkey reported owning positions in Vontier Corporation (NYSE:VNT), down from 34 in the previous quarter.
In September, Citi analyst Andrew Kaplowitz kept a ‘Buy’ rating on Vontier Corporation (NYSE:VNT) shares, noting substantial long-term upside potential and seeing the company well-positioned to deliver on its near term goals. The analyst set a $44 price target, holding that a low valuation and an under-appreciated growth runway means that Vontier Corporation (NYSE:VNT) offers positive risk/reward on its shares.
The firm beat earnings per share estimates for the third quarter by posting $0.80, which was above consensus figures by $0.06. Vontier Corporation (NYSE:VNT) posted $768.50 million in revenue for the quarter, outperforming estimates by $19.73 million.