7 Oversold Tech Stocks to Buy

Considering the shellacking the markets took yesterday, I found either highly ironic or highly timely that U.S. News Invested published these recommendations yesterday, an article that was certainly written before the big plunge. Anyway, if we're looking for bargains to pick up in this big slump, these all look like good candidates.  Enjoy the snowy weekend.  

VIEW IN BROWSER NOVEMBER 26, 2021 Invested Advice, rankings and stock market news for investors.

Happy Friday, investors! Weekly jobless claims notched their lowest level since 1969, and the Fed ruminates on how to handle inflation. TODAY'S FEATURED STORY 7 Oversold Tech Stocks to Buy The S&P 500 is up more than 20% this year through Nov. 23, and the technology sector has once again led the charge higher. The Technology Select Sector SPDR Fund (ticker: XLK), which tracks the tech components of the S&P 500, is up 30% in 2021, for example, but a small number of high-quality tech stocks haven't participated in the rally. If you missed out on this year's tech stock boom, are looking to rebalance your portfolio or are simply hunting for opportunities to buy the dip in overlooked tech stocks, here are seven tech stocks to buy that are down at least 10% over the past six months, according to Morningstar analysts. 1. Global Payments Inc. (GPN). Global Payments provides payment technology and software to merchants and financial institutions. The stock is down about 35% in the past six months, but Morningstar analyst Brett Horn says the company can return to the growth it experienced in the past. Following a merger with Total System Services in 2019, Horn says, Global Payments is increasing its focus on international expansion, omnichannel solutions and business software integration. Payment transactions fell sharply in 2020 during the health crisis, but Horn says small merchant volumes are starting to normalize. Morningstar has a "buy" rating and a $186 fair value estimate for GPN stock, which closed at $125.05 on Nov. 23. 2. Citrix Systems Inc. (CTXS). Citrix Systems provides hardware, software and services for secure user authentication and access to virtualized files and applications. Citrix shares are down more than 25% in the past six months, but analyst Dan Romanoff says investors shouldn't be spooked by the company's lackluster guidance. Citrix says its underlying business trends are healthy, but the company has suffered from poor forecasting and operational inefficiencies. Investors are understandably frustrated after six years of restructuring efforts, but Romanoff says patient value investors will likely be rewarded. Morningstar has a "buy" rating and a $116 fair value estimate for CTXS stock, which closed at $84.01 on Nov. 23. Click here to continue reading. Oversold tech stocks to buy: Global Payments Inc. (GPN) Citrix Systems Inc. (CTXS) VMware Inc. (VMW) Zendesk Inc. (ZEN) Fidelity National Information Services Inc. (FIS) Western Digital Corp. (WDC) Fiserv Inc. (FISV)