For the Nasdaq, it was the biggest monthly loss since December 2022.for the stock market and investors grapple with fresh uncertainty surrounding the economy and Fed's rate plans, identifying undervalued stocks becomes paramount as investors find themselves seeking stability and potential opportunities.to search for the best undervalued technology stocks that have the potential to provide attractive investment returns in the months ahead.
InvestingPro's stock screener is a powerful tool that can assist investors in identifying cheap bargain stocks with strong potential upside. By utilizing this tool, investors can filter through a vast universe of stocks based on specific criteria and parameters, saving you substantial time and effort.
To identify technology stocks that are currently trading at bargain prices, I first scanned for companies with an InvestingPro ‘Fair Value’ Label of either ‘Bargain’, or ‘Undervalued’.I then filtered for names with an InvestingPro ‘Fair Value’ upside greater than or equal to 20%. The Fair Value estimate is determined according to several valuation models, including price-to-earnings ratios, price-to-sales ratios, and price-to-book multiples.
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