16 Undervalued Wide-Moat Tech Stocks

The last three months have been tough for technology stocks.

The sector (as measured by the Morningstar US Technology index) has been the worst performer over that time period, falling over 11.9%. That's essentially double the decline experienced by the broad-based Morningstar US Market Index.

That fall is a sharp turnaround given that tech stocks had previously been leading the market. Over the past three years, the sector's 14.7% annualized return has been at the top of the performance chart.

Data as of 11/20/18

Has the sell-off created any buying opportunities? Our analysts think prices are beginning to look more attractive for high-quality firms. Among wide- and narrow- moat companies, 34 are trading in 4- or 5-star range, 24 are rated 3 stars, while 11 have 1- or 2-star ratings.

Below are 16 wide-moat tech firms that look undervalued today. No one knows what will happen in the short term in the market, but investors with a long-term time perspective may want to consider if this is a good time to become an owner of one of these great businesses.