Hidden Gems: 3 Tech Stocks Flying Under the Radar

Stocks to buy

In the rapidly evolving tech sector, companies like Nvidia (NASDAQ:NVDA) have redefined the paradigm of success, making tech stocks a hot topic. While NVDA’s achievements are remarkable, its current valuation soaring over 106X trailing earnings, presents a daunting barrier for many speculators.

A dive into TipRanks’ securities screener, focusing on tech stocks with substantial upside potential yet tagged with “very low” media buzz reveals a list of promising candidates. For the discerning investor who prefers the allure of uncharted territories, lesser-known tech stocks may offer a treasure trove of opportunities.

These underrated gems harbor significant potential, often overlooked by the mainstream discourse. Snap up these tech stocks to buy before they catch the spotlight. Because once they do, it might be too late to capitalize on their untapped value.

Baidu (BIDU)

Laptop computer displaying logo of Baidu (BIDU), a Chinese multinational technology company specializing in Internet-related services and products

Source: monticello / Shutterstock.com

Venturing into the digital domain of China, one behemoth invariably stands out –  Baidu (NASDAQ:BIDU).

Often hailed as China’s answer to some of the U.S. tech giants, Baidu isn’t just a search engine. It’s a pivotal cornerstone in the vast digital architecture of the world’s second-largest economy.

Its prowess doesn’t end at web services. Baidu’s vision has seamlessly expanded into the groundbreaking realm of artificial intelligence. Estimates suggest the global AI arena could burgeon to nearly $2 trillion. Baidu’s strategic investments in this space are not just commendable, they’re astute.

But it’s not just about future potential. Baidu’s current valuation metrics are tantalizing. Trading at 13.55X forward earnings, it comfortably nestles below the tech sector’s median. This attractive valuation, coupled with its tangible book value ratio, signals a tech stock that’s rife with opportunity.

The analyst consensus? A robust strong buy with a target pointing northward to $185.07, presenting an enticing over 38% upside.

Trip.com (TCOM)

Trip.com Group logo on a smartphone. TCOM stock.

Source: Ralf Liebhold / Shutterstock

At the nexus of technology and travel stands Trip.com (NASDAQ:TCOM), a tour de force in the realm of travel services. Hailing from Shanghai, Trip.com isn’t just another aggregator. It’s a testament to technology redefining experiences.

TCOM’s vast suite of platforms captures the essence of the modern traveler. But its true captivator is its potential in the age of revenge travel. Post-pandemic wanderlust is not only a concept but also a palpable phenomenon. And Trip.com stands ready to cater to this burgeoning demand.

Yet, every silver lining has a cloud. While Trip.com is perfectly poised to capitalize on the global travel rebound, it has faced its share of challenges, courtesy of China’s stringent pandemic protocols. However, its recent revenue metrics paint a story of recovery and resilience.

Financial aficionados would be keen to note its admirable net margin and a cash-to-debt ratio that’s indicative of fiscal prudence. Analysts chime in with a unanimous strong buy, casting their gaze at a promising $50.92 price target. If realized, that will translate to a whopping 41% ascent.

Aviat Networks (AVNW)

A graphic of a person's hands resting on a laptop with a stock line graph moving through it. top tech stocks

Source: Shutterstock

Nestled inconspicuously in the expansive world of tech stocks, Aviat Networks (NASDAQ:AVNW) might easily escape the untrained eye.

With a modest market cap shy of $373 million and a comparatively low trading volume, this unsung tech contender doesn’t scream attention. Yet beneath the surface, it pulsates with promise for those intrepid enough to take notice.

Aviat’s domain is microwave transport and backhaul solutions, a critical infrastructure supporting the insatiable appetite of IP-centric, multi-gigabit data services. Notably, the market’s appetite for such services is undeniably voracious.

A glance at figures from Grand View Research unveils a burgeoning sector, the global network management system market. Pegged at $8.25 billion last year, projections suggest an ambitious ascent to $17.67 billion by 2030.

Now, juxtapose this growth potential with Aviat’s encouraging fiscal metrics. A commendable three-year revenue growth rate, an impressive operating margin, and a valuation that’s markedly lower than its industry peers.

Add to this mix the fervently bullish analyst consensus, eyeing a tantalizing $55 target with a potential uplift of over 70%. In the gamble of tech stocks, Aviat Networks might just be that dark horse primed for the spotlight.

On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines

A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.

Articles You May Like

Your Two Minute Earnings Preview for Alcoa (AA) Stock
Your Two Minute Earnings Preview for Alcoa (AA) Stock
3 Ways to Create an Unbalanced Iron Condor with Options
PC-Tel and Extreme Networks are Aggressive Growth Zacks Rank Buys
43 TIP: Oil and Stock Market Conditions in 2015 (Summer)