These stocks are 'undervalued,' Wall Street analysts say

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CNBC combed through Wall Street research over the last week to see which stocks analysts say have the best risk-reward.

Shares of some familiar — and not so familiar — stocks were deemed"undervalued" by analysts in their research this week. Those companies range from large to small and include names like Amazon, Asure Software, and Benefitfocus.

Amazon, which is perhaps the biggest name of all, was called"deeply undervalued at current levels," according to analysts at Jefferies. The firm said they believe the,"street underappreciates many of Amazon's embedded growth opportunities and the optionality from new initiatives." The stock compares favorably against its retail and internet peers analyst Brent Thill said.

Another company analysts see as undervalued is Benefitfocus which provides platforms for employers and insurance carriers to manage their plans."Shares are undervalued, in our view. BNFT's long-term targets for annual revenue growth and EBITDA margin are +20% and +25%, respectively," wrote Cantor Fitzgerald analyst Steven Halper in a recent initiation note. He gave the stock an overweight rating."We think the stock is deeply undervalued at current levels.

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