7 Undervalued Technology Penny Stocks to Buy Now

2. Commerce.com, Inc. (NASDAQ:CMRC)

Number of Hedge Fund Holders: 22

Forward P/E: 9.99

Stock Price: $3.39

Commerce.com, Inc. (NASDAQ:CMRC) is one of the undervalued technology penny stocks to buy now. On January 11, Commerce.com, Inc. (NASDAQ:CMRC) endorsed Google’s Universal Commerce Protocol (UCP), an open-source standard designed to unify how agents and systems interact across the shopping journey.

The move builds on Commerce.com’s partnership with Google and leverages its Feedonomics-powered data enrichment to help merchants streamline product feeds, improve visibility, and enable direct checkout within Google’s AI-driven experiences, such as Search and Gemini. By aligning on UCP, Commerce aims to give retailers a frictionless way to reach customers, retain ownership of transactions, and future‑proof their businesses as commerce shifts toward conversational, agent‑driven shopping.

On December 18, BigCommerce, part of Commerce.com, Inc., integrated Stripe’s newly launched Agentic Commerce Suite, giving merchants a simple way to connect product catalogs to multiple AI shopping agents. The suite streamlines product discovery and secure checkouts—including taxes, shipping, and order processing—without requiring custom setups, allowing businesses to adopt AI-driven commerce while keeping their existing systems intact.

In a different update, on December 15, Commerce.com announced that EuroOptic achieved significant growth in key performance metrics following the launch of its new composable e-commerce platform. EuroOptic is a component of Commerce.com and is a specialist retailer of high-end optics and precision sporting gear.

According to Commerce.com, within the first two quarters of launching on the BigCommerce platform, EuroOptic reported substantial increases in total revenue, web traffic, and order volume. And beyond raw growth, the company saw notable improvements in conversion rates and reliability across both its B2C and B2B segments.

Commerce.com sports a consensus “Hold” rating from six analysts. Their 12‑month price targets average $7.33, ranging from $5.00 to $11.00, implying a 71.7% upside from the current level of $4.27.

Commerce.com, Inc. (NASDAQ:CMRC) operates a software-as-a-service e-commerce platform that enables brands and retailers to launch and scale online stores. Its services include store design, catalog management, hosting, checkout, order management, reporting, and integrations with third-party providers.