Despite investors having recently shifted away from high-end tech stocks due to concerns about tightening monetary policy, rising Treasury yields and increased volatility, we still believe that low-priced tech stocks NeoPhotonics and Zix (NASDAQ) are worth considering. Pixelworks (NASDAQ:) could be good additions to one’s watchlist now given the tech industry’s solid growth prospects amid fast-paced, global digitization. Wall Street analysts believe these stocks will see a price increase of more than 40% within the short term. So, let’s take a closer look at these names.Last week, the tech-heavy Nasdaq plunged, led by a decline in large tech stocks, including Facebook, Inc. (NASDAQ:) and Apple Inc. (NASDAQ:). CNBC reports that “tech weakness” is an opportunity to buy for investors. Moreover, Invesco’s Kristina Hooper said, “Technology over the longer term is going to benefit from increased corporate spending.”

A Forrester report states that U.S. technology spending will grow by 6.8% and 6% next year respectively. This should allow the industry to continue to expand. Another reason for the industry’s growth is consistent innovation in advanced technology that can be applied across multiple industries.

Wall Street analysts expect tech stocks NeoPhotonics Corporation (NPTN), Zix Corporation (ZIXI), and Pixelworks, Inc. (PXLW)—which are priced below $10 per share—to rally by more than 40% in the coming months. So, we think it could be wise to add these stocks to one’s watchlist.

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