7 Undervalued Technology Penny Stocks to Buy Now

4. Unisys Corporation (NYSE:UIS)

Number of Hedge Fund Holders: 21

Forward P/E: 9.82

Stock Price: $3.03

Unisys Corporation (NYSE:UIS) is one of the undervalued technology penny stocks to buy now. On December 10, Jefferies lowered its price target on Unisys Corporation (NYSE:UIS) to $3 from $4 and left its Hold rating unchanged. The analysts cited a disappointing quarter for Unisys, which led them to reduce their 2025 constant-currency revenue growth estimate by 370 basis points to -3.4%.

Jefferies believes some of Unisys’s current challenges are temporary. The analysts noted that Unisys’s management is committed to sticking to its long-term framework, which they see as a bright spot. However, Jefferies has concerns about near-term revenue visibility extending into 2026. And despite Unisys’s valuation appearing attractive, Jefferies believes the lack of a clear revenue trajectory will likely keep the stock “somewhat range-bound” in the coming periods.

Separately, William Blair initiated coverage on Unisys with an Outperform rating on December 10. The firm predicted strong growth for Unisys, citing the company’s stable revenue stream and future growth visibility. Some of the factors William Blair believes will drive Unisys’s growth include the company’s securing large, multi-year contracts in key sectors. Also, Unisys is focusing on cloud computing, digital transformation, and cybersecurity, and it has improved profitability and efficiency through cost-cutting measures.

Unisys Corporation (NYSE:UIS) is a global IT solutions company. It delivers digital workplace services, cloud and infrastructure modernization, enterprise computing, and cybersecurity solutions.