4 Undervalued Tech Stocks Poised for a Turnaround in 2024

As the tech industry continues to expand and innovate, investors are constantly on the lookout for valuable opportunities within the sector. While some tech stocks soared in the prior year's rally, a handful remained overlooked but are now gaining attention due to their strong fundamentals and potential for significant gains. This article will delve into four such bargain tech stocks that are well-positioned to enhance portfolio returns in 2024: ZM, BL, PHI, and TACT.

Zoom Video Communications, Inc. - ZM

Zoom Video Communications, Inc., better known as ZM, is recognized for its leading video communications platform. Despite the massive adoption of remote communication technologies, ZM was not among the top performers in the previous year's tech rally. However, the company's robust infrastructure and widespread use position it for a significant rebound in 2024. Headquartered in San Jose, California, ZM continues to innovate, ensuring that it stays at the forefront of video technology in a post-pandemic world.

BlackLine, Inc. - BL

BlackLine, Inc. stands out as a provider of cloud-based solutions designed to streamline and automate accounting and finance operations. With a focus on continued innovation in the FinTech space, BL has made significant strides in the United States and internationally. The company's headquarters is nestled in Woodland Hills, California, and despite its solid offerings, BL's stock did not quite catch the last rally's wave. Looking ahead to 2024, the company's consistent performance and expanding client base make it an attractive investment opportunity for those seeking bargains in the tech sector.

PLDT Inc. - PHI

PLDT Inc. is the integrated telecommunications powerhouse of the Philippines, with its corporate base in Makati City. As a major player in the rapidly growing telecom sector in Southeast Asia, PHI provides an essential service that remains in high demand. After lagging behind the tech rally, the company now exhibits promising prospects due to its expansive network and dedication to advancing telecommunications in the region.

TransAct Technologies Incorporated - TACT

TransAct Technologies Incorporated specializes in developing transaction-based printers and terminals for various markets, including food service, banking, and oil and gas. This innovative company, with its headquarters in Hamden, Connecticut, did not echo the previous year's tech surge but is set to capture investor attention in 2024. TACT continues to capitalize on strategic partnerships and product developments, making it an interesting bet for tech investors looking for hidden gems with the potential for upward momentum.

investment, technology, stocks