Several technology stocks are among those that are still attractively valued in the face of mounting concerns of an AI-fueled tech bubble. Megacap technology stocks have had a monster run this year in a rally that’s stretched into yearend on hopes of profit growth tied to artificial intelligence and lower borrowing costs courtesy of Federal Reserve rate cuts. The Nasdaq Composite notched a fresh record on Tuesday as shares of Apple , Tesla , Google parent Alphabet , Tesla and chipmaker Broadcom all rallied to individual all-time highs. Against this backdrop, we searched for bargain tech plays investors might consider. The stocks below met the following criteria: Trade at a discount relative to their sector and their sub-industry Analysts’ average 12-month price target is above today’s price, according to FactSet Have gained more than 5% over the past month Take a look at the names below that turned up using FactSet data: E-signature software company Docusign is considered cheap given its price-to-earnings ratio relative to its sector and industry, but the recent run-up in shares leaves little room for upside according to analysts’ consensus targets. Docusign shares are up 27% over the past month after the company issued strong results and upbeat guidance for the fourth quarter. IBM-spinoff Kyndryl , the world’s largest IT infrastructure services provider, also turned up in the screen. Shares have gained roughly 70% this year and could have another 7% left in them, according to the consensus price target as compiled by FactSet. Bank of America is even more bullish, initiating coverage of Kyndryl late last month with a buy rating and $40 price target, implying 13% potential upside. “Since the spin from IBM in 2021, the company has diligently cultivated an increasingly profitable book of business and is targeting a return to organic constant-currency growth by F4Q25,” analyst Tyler DuPont said in a Nov. 22 report. “We believe the improving mix and growth trends are not fully reflected in KD’s current multiple vs. peers and see room for further upside,” Enphase Energy and First Solar are also considered fairly cheap with forward price-to-earnings ratios, respectively, of 20.4 and 9.8 over the next 12 months. Both stocks have been beaten down this quarter as investors fret that President-elect Donald Trump will implement policies that reverse the Biden administration’s support of renewable energy. This year, Enphase is down roughly 44% while First Solar has risen 12%, buoyed by prospects that the company could power AI-hungry data centers . But analysts polled by FactSet forecast significant upside for both stocks. Enphase and First Solar are also considered to offer “growth at a reasonable price.” Deutsche Bank reiterated a buy rating for First Solar on Tuesday, saying the company “should further benefit from its unique position as a U.S.-based utility solar panel manufacturer and is first in line to benefit from upcoming tariffs against China.” UBS shared a similar perspective earlier this year. Vishay Intertechnology , Dolby Laboratories and Akamai Technologies are among the other companies that floated to the top of the screen.