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Do you prefer searching for stocks that may be trading below their fair value? If so, we ran a screen you may be interested in.

We began by screening the tech sector for high-growth stocks, those with 5-year projected EPS growth above 25%.

We then screened for those that appear undervalued relative to analyst target price, which we use as a proxy for fair value. Since target prices are known to suffer from upward biases, we only used the lowest, most pessimistic analyst target price. For stocks with sufficient analyst coverage, we also only considered stocks with at least 5 analyst target prices.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall (kapitall.com).

Do you think these stocks should be trading higher? Use this list as a starting point for your own analysis.

List sorted by potential upside implied by target price.

1. NXP Semiconductors NV (NXPI): Provides mixed signal solutions and semiconductor components primarily in Japan, Europe, South Korea, Rest of Asia Pacific, and the Americas. Market cap at $5.01B, most recent closing price at $20.37. 5-year projected EPS growth at 28.33%. Of the 7 analysts that have set a target price on the stock, the lowest price target stands at $28.00. This implies a current upside of 33.46% from current levels around $20.98.

2. ServiceSource Corporation (SREV): Provides service revenue management solutions that drive renewals of maintenance, support, and subscription agreements for technology companies. Market cap at $949.6M, most recent closing price at $12.76. 5-year projected EPS growth at 26.50%. Of the 9 analysts that have set a target price on the stock, the lowest price target stands at $17.00. This implies a current upside of 32.50% from current levels around $12.83.

3. Yandex N.V. (YNDX): Operates an Internet search engine in Russia. Market cap at $5.78B, most recent closing price at $17.84. 5-year projected EPS growth at 34.93%. Of the 17 analysts that have set a target price on the stock, the lowest price target stands at $23.60. This implies a current upside of 28.19% from current levels around $18.41.

4. Inphi Corporation (IPHI): Operates as a fabless provider of high-speed analog semiconductor solutions for the communications and computing markets, providing high signal integrity at leading-edge data speeds that are designed to address bandwidth bottlenecks in networks, minimize latency in computing environments, and enable the rollout of next generation communications infrastructure. Market cap at $252.81M, most recent closing price at $8.93. 5-year projected EPS growth at 27.50%. Of the 5 analysts that have set a target price on the stock, the lowest price target stands at $12.00. This implies a current upside of 27.25% from current levels around $9.43.

5. Atmel Corporation (ATML): Designs, develops, manufactures, and markets a range of semiconductor integrated circuit (IC) products. Market cap at $2.73B, most recent closing price at $6.16. 5-year projected EPS growth at 27.43%. Of the 12 analysts that have set a target price on the stock, the lowest price target stands at $8.00. This implies a current upside of 26.18% from current levels around $6.34.

6. Trimble Navigation Limited (TRMB): Provides positioning products worldwide. Market cap at $5.38B, most recent closing price at $43.0. 5-year projected EPS growth at 26.25%. Of the 6 analysts that have set a target price on the stock, the lowest price target stands at $55.00. This implies a current upside of 24.01% from current levels around $44.35.

7. Youku Inc. (YOKU): Operates as an Internet television company in the People's Republic of China. Market cap at $2.07B, most recent closing price at $18.01. 5-year projected EPS growth at 38.33%. Of the 10 analysts that have set a target price on the stock, the lowest price target stands at $21.00. This implies a current upside of 15.32% from current levels around $18.21.

8. Tangoe, Inc. (TNGO): Provides on-demand communications lifecycle management (CLM) software and related services to enterprises, including large and medium-sized businesses and other organizations. Market cap at $768.88M, most recent closing price at $20.68. 5-year projected EPS growth at 37.40%. Of the 6 analysts that have set a target price on the stock, the lowest price target stands at $23.00. This implies a current upside of 15.12% from current levels around $19.98.

*Target price data sourced from Thomson/First Call (via Yahoo! Finance), all other data sourced from Finviz.

Source: 8 High-Growth Tech Stocks Undervalued By Target Price