BOSTON ( TheStreet) -- The benchmark S&P 500 Index has rallied 7.2% so far in September. Individual investors are overinvested in bonds and underexposed to equities.

Technology is one of analysts' favorite sectors. Here are 10 lesser-known tech stocks, which are all predicted to gain at least 50% in the next 12 months, based on median targets. These stocks are risky, but expected to deliver outstanding returns. They are ordered by projected upside, from great to greatest.

10. Smith Micro Software ( SMSI) develops mobile software. Second-quarter net income increased 48% to $1.9 million, or 5 cents a share, as revenue grew 21% to $31 million. The operating margin extended from 10% to 12%. Smith Micro's stock trades at a forward earnings multiple of 9.7 and a book value multiple of 1.5 -- 62% and 71% discounts to software peer averages. Its PEG ratio, a measure of value relative to projected growth, of 0.1 signals a 90% discount to fair value. Of analysts covering the stock, seven, or 88%, rank it "buy" and one ranks it "hold."

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