In turbulent markets, savvy investors look for value in undervalued stocks. These stocks can be acquired at a reduced price and offer an investor a solid return when the market returns to normal. If you’re concerned about your portfolio’s exposure to risk or about the current state of the stock market, you may want to consider purchasing some of the stock listed in our daily best stocks to buy now list.
If you’re ready to put money into safe but rewarding investments, these outstanding companies may be ideal for you. These companies have excellent growth potential because they have new products coming out soon or because they operate in an expanding industry. Each of these stocks is also trading at a discount right now – meaning you can buy them now and expect them to rise over time.
Breaking Forecasts: Amazon stock forecast today is $3,680, Tesla stock forecast today is $976.82, and PayPal stock forecast today is $124.27.
Meta (NASDAQ: META)
Meta had a roller coaster ride in early 2022. After reporting disappointing earnings and a questionable strategy for handling fake news, the company saw its stock lose nearly a third of its value in weeks. Investors worried that the social media giant’s days as a growth stock were over, but the company rallied in the New Year, rising as much as 20% as investors reassessed the situation. While Meta’s most recent earnings report was mixed, the company’s underlying business is still strong. The company has more than 2 billion users visiting the platform each month, with more than 1 billion users logging in daily. While a rising tide of fake news and political propaganda was perceived as Meta’s death toll, the company benefited from the trend. As more users flocked to the platform to participate in the political discourse, Meta saw its advertising revenue soar. So while the company’s stock has hit in the last 12 months, we believe the social media giant’s best days are still ahead.
Zscaler (NASDAQ: ZS)
Zscaler specializes in cloud security, helping companies protect their data and devices as they travel to different locations worldwide. Its cloud-based products offer advanced protection against cyber threats and have seen rapid growth in recent years. That is a growing industry, as more companies rely on the cloud for data storage and remote work. Zscaler is well-positioned to benefit from this, helping companies protect their data as it travels the globe. Zscaler’s cloud security services are already used by more than 1,000 companies in various industries. The company is hoping to expand its reach further by acquiring new customers and offering new products that could expand its reach. Zscaler’s rapid expansion has allowed it to turn a profit, and further development is anticipated for the company. Zscaler could become an essential player in cloud security as more businesses move their data there for safety.
Robert Half (NYSE: RHI)
Robert Half is a major staffing company with offices around the world. It specializes in placing workers in administrative, accounting, IT, engineering, and other professional jobs. The company is a leader in its field and is proliferating. Technology is changing the way companies hire workers. Companies are increasingly looking to outsource various jobs rather than hire more full-time employees. That helped drive growth at Robert Half, which specializes in placing workers in these outsourced positions. Because of outsourcing and the rise of the gig economy, companies are hiring workers for longer-term assignments. Robert Half is well-positioned to benefit from this shift, helping companies find high-quality workers for various jobs. The company also provides other HR and business services, which could help it diversify in the future. Robert Half’s strong brand has seen rapid growth in recent years. As the outsourcing industry expands, the company could continue to see further development.
Varonis Systems Inc (NASDAQ: VRNS)
Varonis offers data security and management software that helps companies protect their data and comply with regulations. Recent years have seen explosive expansion thanks to the success of the company’s products, which more than 3,000 customers use. However, as businesses increasingly move their data online, they risk data breaches and loss. Varonis offers software that allows companies to track their data and find out where it is, who has access to it, and other essential details. As more companies rely on data, Varonis could become a significant player in the industry. The company’s software has been used by many clients, including healthcare providers, financial services firms, and government agencies. Varonis’s growth has been driven by expanding its brand and acquiring new customers. The company has also developed new products that could allow it to win more contracts and gain more business. As more companies move their data online, Varonis could become a significant player in the industry.
