Hello Tech Rookies! Let’s discuss some undervalued tech stocks.
What follows is a list of stocks that we believe are severely undervalued and may offer investors great long-term returns. These stocks are not necessarily the safest or the most stable, but they do have substantial upside potential if the market recognizes their true value. We advise investors to do their own research before investing in any of these companies.
Technology stocks have had a rough year, with the S&P Technology Select Sector Index down more than 17%. However, we believe that there are several tech stocks that are severely undervalued and offer great long-term returns. Here are 10 of them:
10 Undervauled Tech Stocks that are flying under the radar but have huge potential
1. DocuSign (DOCU)
DocuSign is a company that provides e-signature solutions to businesses of all sizes. DocuSign has been getting hammered. The company has seen impressive growth in recent years, with revenue growing from $188 million back in 2016 to $322 million-plus currently
However, currently, DocuSign is still undervalued relative to its peers, with a price-to-earnings (P/E) ratio of just 43.
2. Qualcomm (QCOM)
With more smartphones than ever before, Qualcomm is taking control of our mobile devices with the Snapdragon processor. Found in nearly every smartphone on earth today and is used by Apple for its latest products such as iPhones–Qualcomm still has a lot of power over what goes into them! As 5G networks roll out soon there will be plenty of opportunities to grow even further so keep an eye open if you want some new chipsets or just wish they would stop innovating already!
3. Amazon (AMZN)
Amazon has been able to turn a profit even as it grows. The company, which was once derided for its lack of earnings power and inability ever be profitable started out strong in the early 2020s when many people were stuck at home due to an epidemic that made travel impossible – but Amazon is still growing rapidly with net income doubling each year since then! Stock split coming I wrote it yesterday!
4. IBM (IBM)
IBM has been around since 1911 and it’s seen a lot of changes over the years, but by 2021 it’ll have finally separated out its managed infrastructure division into its own company called Kyndryl (NYSE: KD). This new chapter in IBM’s history means that we can expect them to focus more on hybrid cloud solutions – one which is sure to be >90% smaller than what you’re used to!
5. Himax Technologies (HIMAX)
Himax Technologies is a company that manufactures semiconductors and display drivers. The company has seen impressive growth in recent years, with revenue growing from $1.5 billion to $2.4 billion. However, Himax is still undervalued relative to its peers, with a price-to-earnings (P/E) ratio of just 16.
6. Tesla (TSLA)
Tesla is a company that manufactures electric vehicles and energy storage systems. The company has seen impressive growth in recent years, with revenue growth. However, Tesla is still undervalued relative to its peers, with a price-to-earnings (P/E). Oil is exploding in price which will likely attract more investors to go electric.
7. Meta Platforms, Inc. (FB)
With its recent price drop, Facebook is a perfect chance to invest in tech stocks. However, you should know that this isn’t an easy decision because there are many challenges ahead for the company and their valuation might not be too low yet according to what we’ve seen so far with other companies like Twitter which also faced some problems recently but still managed successfully despite those obstacles!
8. Intel Corporation (INTC)
Intel is a great company with positive earnings and an attractive valuation. The PEG ratio suggests Intel might be overweight, but its 9x PE tells us this security has one of the most undervalued stock prices in any promising industry; there are plenty of secular tailwinds for growth here!
However, it does seem interesting that many semiconductors struggle to make up lost revenue because consumers don’t want smart devices anymore ( Syndrome)? Maybe someone should take Apple off our hands before they steal all their customers again.
9. Zoom (ZM)
Zoom never experienced a sweeter time than during the pandemic when people were working from home and zooming around on their bikes. That all changed once vaccines became available, which sent zoom’s price down 113%. Now trading at less than one-tenth its original value after being affected by many factors like an economic recovery that may hurt forecasted revenue amounts. It seems quite evident: The light at end of the tunnel has begun shining brighter.
10. Okta, Inc. (OKTA)
Technology was the workforce’s backbone during the 2020’s pandemic. As more people transitioned from office life to home, technology served as a vital component for companies that needed employees on hand but couldn’t afford costly remote working solutions or risk being cybersecurity targets in order to keep operations running smoothly. Without these innovations like Okta — which allowed workers both indoors and out–the economic chaos might have been much worse!
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Disclaimer: This article is for information purposes and should not be considered professional investment advice. It contains some forward-looking statements that should not be taken as indicators of future performance. Every investor has a different risk profile and goals. All investments have risks. Always do your own research or hire an expert before investing and trading in the stock market.
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