3 Tech Stocks the Market Mispriced (And How You Can Profit Long-Term)

InvestorPlace06-19

Explore three undervalued tech stocks to buy and discover their ability to generate substantial long-term profits. Salesforce (CRM): The company has pioneered the customer relationship management ...

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Despite the recent share price weakness, many of these companies have strong profitability metrics and positive analyst outlooks. With that information, let’s explore three tech stocks to buy, worthy of your attention in the second half of 2024.In addition, Salesforce has been actively pursuing strategic deals and partnerships to enhance its offerings and expand its reach. One notable de","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".IXIC":"NASDAQ Composite","CMT":"Core Molding Technologies Inc","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4532":"文艺复兴科技持仓","CRM":"赛富时","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","SONY":"索尼","IBM":"IBM","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","GOOGL":"谷歌A","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","GOOG":"谷歌","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","SNOW":"Snowflake","MSFT":"微软","QLD":"纳指两倍做多ETF","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4220":"综合零售","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","NVDA":"英伟达","LU0082616367.USD":"摩根大通美国科技A（dist）","SQQQ":"纳指三倍做空ETF","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","LU0080751232.USD":"富达环球多元动力基金A","QQQ":"纳指100ETF","AAPL":"苹果","TQQQ":"纳指三倍做多ETF","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","AMZN":"亚马逊","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","PSQ":"纳指反向ETF","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","KEYS":"Keysight Technologies Inc","SWKS":"思佳讯","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","QID":"纳指两倍做空ETF"},"translate_title":"市场定价错误的3只科技股（以及如何长期获利）","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":1,"MSFT":1,"NVDA":1,"KEYS":1,"SNOW":1,"IBM":1,"GOOGL":1,"GOOG":1,"SONY":1,"CRM":1,"CMT":1,"SWKS":1,"AMZN":1,".IXIC":0.9,"TQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Explore three undervalued tech stocks to buy and discover their ability to generate substantial long-term profits.\nSalesforce (CRM): The company has pioneered the customer relationship management space with products like Sales Cloud.\nKeysight Technologies (KEYS): It is well-positioned to benefit from advancements in AI, wireless, aerospace, defense and the automotive sectors.\nSkyworks Solutions (SWKS): The firm has recently showcased power isolation solutions for AI data servers and EV charging.\n\n\n\n\n\n \n\nSource: whiteMocca / Shutterstock\n\n\n\nGet ready. You are about to discover three tech stocks to buy that have not participated in the broader tech sector’s upward momentum in 2024. \nAs a result, we believe these tech shares offer significant long-term profit potential. Year-to-date (YTD), the tech-heavy Nasdaq 100 index has advanced over 17%. Now it hovers near all-time highs. Tech giants like Apple (NASDAQ:AAPL), Nvidia (NASDAQ:NVDA), and Microsoft (NASDAQ:MSFT) have led the rally. However, a number of tech stocks have been left behind.\nAs a result, these overlooked companies currently trade at a discount, providing attractive entry points for long-term investors. Despite the recent share price weakness, many of these companies have strong profitability metrics and positive analyst outlooks. With that information, let’s explore three tech stocks to buy, worthy of your attention in the second half of 2024.\nSalesforce (CRM)\nSource: Sundry Photography / Shutterstock.comCustomer relationship management (CRM) technology heavyweight Salesforce (NYSE:CRM) is first. The company’s Customer 360 platform brings companies and customers together. It offers a range of services from sales and service to marketing and commerce. Many of our readers follow CRM stocks as a member of the Dow Jones Industrial Average, or Dow 30.\nRecently, Salesforce reported financial results for Q1 of fiscal year 2025. The company delivered $9.13 billion in revenue, an 11% year-over-year (YOY) increase. Subscription and support revenue, a significant component of Salesforce’s business, grew by 12%.\nHowever, investors were not pleased Salesforce’s metrics fell short of Wall Street’s estimates. This was the first time since 2006 that Salesforce missed revenue expectations. Investors were concerned about Salesforce potentially being left behind in the artificial intelligence (AI) boom. Yet, InvestorPlace.com contributor Alex Sirois has recently reported on this. Salesforce management has been investing in the AI safety and research company Anthropic, known for its large language model (LLM) Claude.\nIn addition, Salesforce has been actively pursuing strategic deals and partnerships to enhance its offerings and expand its reach. One notable development has been the creation of the Zero Copy Partner Network. This includes major tech players like Amazon (NASDAQ:AMZN), privately-held Databricks, Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), International Business Machines (NYSE:IBM), Microsoft (NASDAQ:MSFT), and Snowflake (NYSE:SNOW). \nSo far in 2024, CRM stock has declined over 12%. The shares are trading at forward price-to-earnings (P/E) ratio of 23.4x and price-to-sales (P/S) ratio of 6.2x. Meanwhile, Wall Street remains optimistic with a 12-month median target that signals a 30% upside potential.\nKeysight Technologies (KEYS)\nSource: ESB Professional / Shutterstock.comElectronic design and test solutions provider Keysight Technologies (NYSE:KEYS) makes electronic equipment, instruments and components segments. It serves customers in a wide range of industries, including communications, government, automotive, industrial and semiconductor manufacturing.\nIn Q2 of 2024, Keysight Technologies reported revenue of $1.216 billion. Although the number was above the high end of their guidance, it represented a 13-14% decline on a core basis compared to the previous year. Orders for the quarter were $1.219 billion, down 8-9%. Looking ahead, Keysight’s management expects Q3 revenues to be between $1.180 billion and $1.200 billion.\nAlso, Keysight Technologies has been active in expanding its capabilities and market reach. Recently, the firm was designated as a technical service provider for the United Nations Economic Commission for Europe (UNECE) in automotive cybersecurity and software regulations. Also, management introduced a pulse generator software for its FieldFox handheld analyzers, supporting numerous advanced applications.\nSince January, KEYS stock has lost around 14%. Currently, it is changing hands at 23.3 times forward earnings and 4.6 times sales. Despite the decline in Keysight share price, analysts expect a potential advance of around 19% in the next 12 months.\nSkyworks Solutions (SWKS)\nSource: madamF / Shutterstock.comFinally, Skywork Solutions (NASDAQ:SWKS) specializes in the design and manufacture of high-performance analog and mixed-signal semiconductors. The company serves various end markets, including mobile, automotive, industrial, infrastructure and the IOT.\nRecent earnings showed revenues of close to $1.05 billion and earnings per share (EPS) of $1.55. The gross margin for the quarter was 45%, down 140 basis points sequentially, reflecting the seasonally weakest period for SWKS.\nLooking ahead, Skyworks Solutions expects revenue of $900 million for the June quarter. And the gross margin is projected to improve to 45-47%, with further expansion anticipated in the remainder of 2024.\nSkyworks Solutions has been actively expanding its pipeline and initiating new programs. For instance, management has secured several audio system-on-chip (SoC) designs with major players like Sony Group (NYSE:SONY)  and Samsung Electronics. Recently, it has also showcased several AI-enabled phones, highlighting the potential for AI to drive a meaningful replacement cycle in the smartphone market.\nYTD, SWKS shares are down over 5% and are changing hands at 17.9 times forward earnings and 3.7 times sales. Investors could regard any potential dip in SWKS stock as an opportunity to invest for the long term.\nOn the date of publication, Tezcan Gecgil 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.\nTezcan Gecgil, PhD, began contributing to InvestorPlace in 2018. She brings over 20 years of experience in the U.S. and U.K. and has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Publicly, she has contributed to investing.com and the U.K. website of The Motley Fool.Artificial Intelligence, Semiconductor, Software, TechnologyUndervalued Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/06/3-tech-stocks-the-market-mispriced-and-how-you-can-profit-long-term/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2444422838"}