From Longman Business Dictionaryundershootun‧der‧shoot /ˌʌndəˈʃuːt-ər-/ verb (past tense and past participle undershot /-ˈʃɒt-ˈʃɑːt/) [transitive]FINANCE to not reach a figure or level that was set as a limit or targetResults for the group’s fiscal first quarter will undershoot analysts’ expectations. → opposite overshoot —undershooting noun [uncountable]There would be a continuing problem of overshooting or undershooting.