Cyber Monday Deals On Wall Street: 9 Tech Stocks Trading At 40%+ Discount from Analyst Expectations
Portfolio Pulse from Piero Cingari
Analysts have identified nine U.S. tech stocks trading at a discount of over 40% from their 1-year forward average price targets, suggesting potential upsides of over 80%. These stocks are AST SpaceMobile, Inc. (ASTS), Globalstar, Inc. (GSAT), DISH Network Corporation (DISH), Altice USA, Inc. (ATUS), Semtech Corporation (SMTC), Viasat, Inc. (VSAT), Aurora Innovation, Inc. (AUR), Angi Inc. (ANGI), and indie Semiconductor, Inc. (INDI). The Invesco QQQ Trust (QQQ) tracks the Nasdaq 100, which has seen significant growth. Investors are reminded to exercise due diligence and maintain a balanced portfolio.
November 27, 2023 | 5:00 pm
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POSITIVE IMPACT
Angi Inc. is trading at $2.15, with a price target of $3.97, showing a 45.84% discount and a potential upside of 84.65%.
The price target suggests a positive short-term impact, but investors should be aware of the risks and market volatility.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
AST SpaceMobile, Inc. is trading at $4.74, with analysts setting a price target of $17.67, indicating a 73.17% discount and a potential upside of 272.71%.
The significant discount and high potential upside suggest a positive short-term impact, but market factors and investor sentiment could affect the trajectory.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Altice USA, Inc. is trading at $2.38, with a price target of $5.25, indicating a 54.69% discount and a potential upside of 120.71%.
The price target suggests a positive short-term impact, but investors should consider the broader market conditions.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Aurora Innovation, Inc. is trading at $2.15, with a price target of $3.97, indicating a 46.02% discount and a potential upside of 85.24%.
The price target suggests a positive short-term impact, but the actual performance will be influenced by industry trends and investor sentiment.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
DISH Network Corporation is trading at $3.71, with a price target of $8.74, showing a 57.63% discount and a potential upside of 136.01%.
Analysts' price target suggests a positive short-term impact, but the stock's performance will depend on various market factors.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Globalstar, Inc. is trading at $1.53, with a price target of $4.13, representing a 62.93% discount and a potential upside of 169.77%.
The substantial discount and potential upside indicate a positive short-term impact, but actual performance may vary based on market dynamics.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
indie Semiconductor, Inc. is trading at $7.25, with a price target of $13.08, indicating a 44.59% discount and a potential upside of 80.46%.
The price target suggests a positive short-term impact, but the stock's future performance will depend on various factors including market sentiment.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The Invesco QQQ Trust, tracking the Nasdaq 100, has seen over 45% growth year-to-date, indicating strong performance in the tech sector.
While QQQ is not directly mentioned as undervalued, its performance is indicative of the overall tech sector's growth, which could positively influence these undervalued stocks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Semtech Corporation is trading at $15.99, with a price target of $32.90, showing a 51.40% discount and a potential upside of 105.75%.
The analyst's price target indicates a positive short-term impact, but the actual increase will depend on market trends and company performance.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Viasat, Inc. is trading at $20.03, with a price target of $37.14, representing a 46.07% discount and a potential upside of 85.44%.
The price target suggests a positive short-term impact, but it's important to monitor the tech sector's performance and company news.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 90