Top 5 Tech Stocks That Could Blast Off In March
Portfolio Pulse from Avi Kapoor
The article highlights the top 5 oversold tech stocks in March, based on their RSI values being near or below 30, indicating potential undervaluation. These include Smith Micro Software (SMSI), Aurora Innovation (AUR), Snowflake (SNOW), Endava (DAVA), and LivePerson (LPSN), each with recent financial results and stock performance updates.
March 11, 2024 | 11:50 am
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NEUTRAL IMPACT
Aurora Innovation posted a narrower-than-expected quarterly loss, but stock fell 13% over the past five days. RSI at 29.63.
Despite beating loss expectations, the recent stock drop could concern investors. However, the RSI near 30 suggests it might be undervalued.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 85
NEUTRAL IMPACT
Endava reported upbeat quarterly earnings but noted a revenue decrease. Shares lost 48% over the past month. RSI at 19.62.
Positive earnings contrast with the revenue decrease and significant stock drop, making its low RSI a point of interest for potential value.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 90
NEUTRAL IMPACT
LivePerson reported mixed Q4 results and lower-than-expected revenue guidance, with a 13% stock drop over five days. RSI at 23.88.
Mixed financial results and disappointing guidance may concern investors, but the low RSI suggests the stock could be undervalued.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 85
NEUTRAL IMPACT
Smith Micro Software reported disappointing Q4 results, with a significant stock price drop over the past month. RSI at 25.05.
The poor financial performance and significant stock price drop could deter short-term investors, but the low RSI suggests potential for rebound.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Snowflake reported a 32% increase in Q4 revenue and a CEO transition, with a 30% stock price drop over the past month. RSI at 27.26.
Strong revenue growth and leadership changes are positive, but the stock's recent drop and low RSI indicate a potential buying opportunity.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 95