Down More Than 50%: Analysts Say Buy These 2 Beaten-Down … – TipRanks
Old school investors will tell you that ‘buying low and selling high’ is the key to market success. The advice may be cliché, but it’s based on mathematical truth. The hard part, however, is understanding when prices are low, because that’s not always an absolute number.
In recognizing that lower price range, investors can turn to Wall Street’s analysts for help. These professional stock watchers build their reputations on the quality of their calls, sorting through reams of data to find and recommend just the right stocks.
With this in mind, we’ve used the TipRanks database to pinpoint two beaten-down stocks that analysts believe are gearing up for a rebound. In fact, despite having experienced a decline of over 50% from their most recent peak, the two tickers have scored enough praise from the Street to earn a “Strong Buy” consensus rating. Let’s take a closer look.
SoundThinking, Inc. (SSTI)
We’ll start with SoundThinking, a public safety technology company best known for its…
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source: https://news.oneseocompany.com/2023/08/23/down-more-than-50-analysts-say-buy-these-2-beaten-down-tipranks_2023082349340.html
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