The current bull market has been charging for more than three years, but experts anticipate a bit of a slowdown in 2026 as investors rotate out of overvalued tech stocks into cheaper stocks across different sectors. However, you still can find good values among tech stocks.
Here are two cheap technology stocks that are poised for their own bull runs.
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1. Dell Technologies
Dell Technologies (DELL +1.51%) is widely known as one of the leading manufacturers of personal computers. While this is its legacy business, it's real growth is coming from its networking and servers segment.
In this business, Dell provides the servers for artificial intelligence (AI) data centers and the networking equipment that connects them. This business segment saw revenue climb 37% year over year in the most recent quarter and 43% combined in the first three quarters through Sept. 30. It's fueled by the AI infrastructure supercycle, where demand for AI infrastructure -- like servers and networking equipment -- is outpacing supply.
NYSE: DELL
Key Data Points
It led to record highs for total revenue and a record $18.4 billion in backlog, which means contracts are signed but not yet executed. Dell also raised its AI shipment guidance by $150 million. Management expects fiscal 2026 will be another record year, and it raised AI shipment guidance to $25 billion, which would be up over 150% from the prior fiscal year. It also boosted revenue guidance by 17%.
The great thing about Dell stock is that it's dirt cheap, trading at 15x earnings and just 9x forward earnings. Its five-year PEG ratio is a minuscule 0.46 (values under 1.0 are considered undervalued) relative to its long-term growth projections.
Analysts see huge upside, with a median price target of $165.50 per share, which would be a 41% increase over the current price. Dell stock is a no-brainer buy right now.
2. Broadridge Financial Solutions
Broadridge Financial Solutions (BR 1.97%) stock has seen its shares plummet 22% year to date, and it's not entirely clear why. Some of it may have to do with uncertainty around fintechs, in general, perhaps due to high valuations, potential AI disruptions, a shifting and uncertain regulatory environment, and the high cost of capital from higher interest rates.
However, for Broadridge, the leading provider of proxy voting materials and investor communications, a lot of these potential concerns don't apply. As the dominant player in investor communications, the company holds 80% of the market share -- and with high switching costs, not to mention the complexity of doing so, it will be a difficult moat to cross.
NYSE: BR
Key Data Points
In addition, it's an all-weather kind of business, as the need for investor materials and communications remains largely the same, no matter the market environment. In the most recent quarter, ended Dec. 31, the company saw revenue climb 10% and adjusted earnings jump 21% year over year. It also raised its earnings guidance for the full fiscal year to 9% to 12% growth.
Like Dell, Broadridge stock is extremely cheap after this sell-off, trading at just 18x earnings. About two-thirds of Wall Street analysts rate it as a buy, with a median price target that suggests the price will spike 41% over the next 12 months.
Broadridge and Dell are two cheap technology stocks that could see a nice bull run in 2026.
