These hidden-gem tech stocks are still cheap and expected to do well going forward

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Technology stocks have been driving the market's rally to record highs, but there are still several cheap names in the sector to take advantage of.

Technology stocks have been driving the market's rally to record highs, but there are still several hidden-gem cheap names in the sector for investors to take advantage of.

Pro used the S & P 1500 Tech Composite as the universe and looked at shares trading at a discount to the index, the sector as well as their respective industry based on their forward price to earnings ratio. That is, we sought to find stocks that are cheaper than their peers based on their stock price relative to their future earnings power. We also considered the following criteria: Gaining momentum: Stocks that are up in the past month.

 

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