After a brutal sell-off for growth stocks last year, the growth-centric Nasdaq Composite has rebounded nearly 30% so far in 2023. While it's unclear if this is truly a new bull market forming, there are many top tech stocks that lag the broader market's return and could be fantastic buys right now.

(NASDAQ: PYPL) stock is trading down 6% year to date with a bargain price-to-earnings ratio of 13.5 based on 2023 earnings estimates. Another member of the Nasdaq-100 that sports a tempting valuation is Electronic Arts (NASDAQ: EA), a top video game producer whose stock is only up 2% this year and trades at a modest forward P/E of 18.6. 

Both stocks change hands at a discount to the average P/E of the Nasdaq-100 (currently 23.7). These companies have better prospects than the market gives them credit for right now, which means long-term investors could score big returns from current share price levels once the market discovers its mistake.

Continue reading

Source Fool.com