20 Most Undervalued Tech Stocks by Analyst Target Price

|
 |  Includes: ADBE, ATVI, BBRY, BIO, CLS, CREE, CTV, EQIX, IGT, IRM, LSI, MRVL, MSFT, MU, NXPI, ON, RMBS, STX, TNE, VIP
by: Kapitall

The following is a list of the most undervalued tech stocks, when comparing the current price against the average analyst target price (used as a proxy for fair value).

Yes, there are many limitations to this approach, and we suspect there are many falling knives here. But the goal here is to give you a starting point for your own analysis.

Target price data sourced from Finviz. Full analysis below.



The list has been sorted by discount to analyst target price.

1. Cree Inc. (NASDAQ:CREE): Semiconductor Equipment & Materials Industry. Market cap of $5.68B. Yesterday's closing price at $52.53 vs. target price of $81.48 (discount of -35.53%). The stock has gained 29.93% over the last year.

2. Vimpel-Communications (NASDAQ:VIP): Wireless Communications Industry. Market cap of $18.86B. Yesterday's closing price at $14.48 vs. target price of $22.00 (discount of -34.18%).

3. Rambus Inc. (NASDAQ:RMBS): Memory Chips Industry. Market cap of $2.22B. Yesterday's closing price at $19.79 vs. target price of $29.67 (discount of -33.3%). The stock has gained 6.11% over the last year.

4. Micron Technology Inc. (NASDAQ:MU): Memory Chips Industry. Market cap of $7.7B. Yesterday's closing price at $7.75 vs. target price of $11.59 (discount of -33.13%). The stock has lost -12.73% over the last year.

5. Equinix, Inc. (NASDAQ:EQIX): Telecom Services Industry. Market cap of $3.37B. Yesterday's closing price at $74.01 vs. target price of $104.80 (discount of -29.38%). The stock has lost -22.08% over the last year.

6. ON Semiconductor Corp. (ONNN): Semiconductor Industry. Market cap of $3.04B. Yesterday's closing price at $7.06 vs. target price of $9.93 (discount of -28.9%). The stock has lost -12.95% over the last year.

7. CommScope, Inc. (CTV): Communication Equipment Industry. Market cap of $2.13B. Yesterday's closing price at $22.44 vs. target price of $31.46 (discount of -28.67%). The stock has lost -20.4% over the last year.

8. Iron Mountain Inc. (NYSE:IRM): Business Software & Services Industry. Market cap of $4.22B. Yesterday's closing price at $20.96 vs. target price of $29.14 (discount of -28.07%). The stock has lost -22.34% over the last year.

9. LSI Corporation (NASDAQ:LSI): Semiconductor Industry. Market cap of $3.004B. Yesterday's closing price at $4.68 vs. target price of $6.48 (discount of -27.78%). The stock has lost -18.04% over the last year.

10. NXP Semiconductors NV (NASDAQ:NXPI): Semiconductor Industry. Market cap of $2.65B. Yesterday's closing price at $12.30 vs. target price of $17.00 (discount of -27.65%).

11. Research In Motion Limited (RIMM): Diversified Communication Services Industry. Market cap of $25.68B. Yesterday's closing price at $48.97 vs. target price of $66.35 (discount of -26.19%). The stock has lost -27.99% over the last year.

12. Celestica Inc. (NYSE:CLS): Printed Circuit Boards Industry. Market cap of $2.13B. Yesterday's closing price at $8.58 vs. target price of $11.55 (discount of -25.71%). The stock has lost -10.63% over the last year.

13. Marvell Technology Group Ltd. (NASDAQ:MRVL): Semiconductor Industry. Market cap of $11.05B. Yesterday's closing price at $16.98 vs. target price of $22.62 (discount of -24.93%). The stock has gained 6.32% over the last year.

14. Activision Blizzard, Inc. (NASDAQ:ATVI): Multimedia & Graphics Software Industry. Market cap of $13.77B. Yesterday's closing price at $11.25 vs. target price of $14.77 (discount of -23.83%). The stock has lost -8.01% over the last year.

15. International Game Technology (NYSE:IGT): Diversified Computer Systems Industry. Market cap of $4.42B. Yesterday's closing price at $14.84 vs. target price of $19.45 (discount of -23.7%). The stock has lost -29.83% over the last year.

16. Bio-Rad Laboratories, Inc. (NYSE:BIO): Scientific & Technical Instruments Industry. Market cap of $2.52B. Yesterday's closing price at $91.09 vs. target price of $119. (discount of -23.45%).

17. Tele Norte Leste Participacoes S.A. (NYSE:TNE): Telecom Services Industry. Market cap of $5.71B. Yesterday's closing price at $14.93 vs. target price of $19.49 (discount of -23.4%). The stock has lost -22.52% over the last year.

18. Adobe Systems Inc. (NASDAQ:ADBE): Application Software Industry. Market cap of $14.07B. Yesterday's closing price at $27.66 vs. target price of $36.06 (discount of -23.29%). The stock has lost -19.5% over the last year.

19. Seagate Technology PLC (NASDAQ:STX): Data Storage Devices Industry. Market cap of $5.93B. Yesterday's closing price at $12.56 vs. target price of $16.33 (discount of -23.09%). The stock has lost -20.71% over the last year.

20. Microsoft Corporation (NASDAQ:MSFT): Application Software Industry. Market cap of $214.87B. Yesterday's closing price at $24.83 vs. target price of $32.18 (discount of -22.84%). The stock has lost -1.62% over the last year.

Disclosure: No positions