Top 3 Tech Stocks That Could Lead To Your Biggest Gains This Month
Portfolio Pulse from Avi Kapoor
The article highlights three oversold tech stocks with potential for gains: Endava PLC, Verint Systems Inc., and CoreCard Corp. These stocks have low RSI values, indicating they may be undervalued. Endava faces challenges with declining revenue, Verint has an Outperform rating from Wedbush, and CoreCard shows promising platform investments.
October 10, 2024 | 11:11 am
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POSITIVE IMPACT
CoreCard Corp is oversold with an RSI of 28.61. Despite a 11% drop in stock price, the company shows promising results from platform investments and customer onboarding.
CoreCard's low RSI suggests it is oversold, and its ongoing platform investments and customer growth indicate potential for future gains. This could positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Endava PLC's stock is oversold with an RSI of 25.95. Despite weaker-than-expected sales and a 23% drop in stock price, the company is diversifying its market exposure and investing in digital transformation.
Endava's low RSI suggests it is oversold, presenting a potential buying opportunity. The company's efforts to diversify and invest in digital transformation could lead to future profitability, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Verint Systems Inc. is oversold with an RSI of 25.50. Wedbush analyst Daniel Ives reiterated an Outperform rating with a $38 price target, despite a 9% drop in stock price.
Verint's low RSI indicates it is oversold, and the Outperform rating from Wedbush suggests potential upside. The analyst's confidence in the stock could attract investors, leading to a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100