3 undervalued technology stocks with high growth potential
The technology sector has been the main driver of the stock market for several years. Yet not all technology companies are experiencing the same growth, and this opens the door for investors looking for interesting opportunities. At a time when some stocks are recovering from recent declines, investors may discover three tech giants whose value has significant upside potential.
These companies are PayPal, Alphabet and ASML, which have been in the spotlight in recent weeks, not only from analysts but also from large institutional investors.
PayPal: A return to growth
After a couple of weaker years, PayPal $PYPLstock is starting to bounce back from the bottom. They hit a new one-year high in October 2024, indicating possible continued growth. Analysts, such as those at Mizuho Financial, have raised their price targets for PayPal to $100 per share, well above today's $81.
Institutional investors, such as those at International Assets Investment Management, share that optimism. They have…