Top 3 Tech Stocks Which Could Rescue Your Portfolio In June
Portfolio Pulse from Avi Kapoor
The article highlights three oversold tech stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are UiPath Inc (NYSE:PATH), Nice Ltd (NASDAQ:NICE), and Five9 Inc (NASDAQ:FIVN).
June 25, 2024 | 11:33 am
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POSITIVE IMPACT
Five9 Inc (NASDAQ:FIVN) has been maintained with an Equal-Weight rating by Morgan Stanley, but the price target was lowered from $70 to $50. The stock has fallen around 16% over the past month and has an RSI of 28.14, indicating it is oversold.
The lowered price target and Equal-Weight rating suggest mixed sentiment, but the oversold RSI indicates a potential buying opportunity. The stock's significant decline over the past month may attract value investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nice Ltd (NASDAQ:NICE) announced a deal valued at over $100 million, replacing incumbents in the Asia-Pacific region. The stock has fallen around 15% over the past month and has an RSI of 24.95, indicating it is oversold.
The significant deal announcement and oversold RSI suggest a potential buying opportunity. The stock's recent decline may be seen as a temporary setback, making it attractive to investors.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
UiPath Inc (NYSE:PATH) has been maintained with an Equal-Weight rating by Wells Fargo, but the price target was lowered from $15 to $14. The stock has fallen around 36% over the past month and has an RSI of 27.99, indicating it is oversold.
The lowered price target and Equal-Weight rating suggest mixed sentiment, but the oversold RSI indicates a potential buying opportunity. The stock's significant decline over the past month may attract value investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100