12 Best Affordable Tech Stocks to Buy According to Analysts

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10. Vontier Corp. (NYSE:VNT)

Current Share Price: $34.3; Forward P/E: 10.8

Upside Potential: 31%

Number of Hedge Fund Holders: 35

Vontier Corp. (NYSE:VNT) is a global industrial technology company specializing in mobility solutions, fueling equipment, fleet management, and vehicle diagnostics and repair. Its mobility technologies business provides digitally enabled equipment and operating software solutions to drive automation, productivity and compliance across the mobility ecosystem.

Following the Q4 results, Bank of America Securities analyst Andrew Obin reaffirmed a Buy rating on Vontier Corp. (NYSE:VNT) on February 14, with a $45 price target. His optimistic outlook is based on strong Q4 2024 performance and 2025 guidance. The analyst noted that the company’s orders have grown significantly year-over-year, driven by a multi-year replacement cycle for underground tank equipment, bolstering its revenue outlook.

According to him, despite comparable margins and earnings growth, the company trades at a lower valuation than peers which makes it an attractive investment. Additionally, the company’s core orders are rising, previous challenges are easing, and demand for payment solutions and fuel equipment remains strong. While recurring revenue helps offset any segmental declines, further upside potential is supported by cost-saving initiatives in 2024 and potential share repurchases.

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