1 Overlooked Stock Down 43% to Buy Hand Over Fist, According to Wall Street
This year, investors' attention has been focused on the world's largest technology giants, and for good reason. They've been outperforming the broader stock market and their presence in new, emerging industries like artificial intelligence (AI) promises significant financial returns in the future.
But there is no shortage of opportunities at the smaller end of the market for investors willing to venture off the beaten path. According to The Wall Street Journal, just 11 analysts cover cloud-based data aggregation specialist Workiva (NYSE: WK). All 11 happen to be overwhelmingly bullish on its stock.
Workiva just released its financial results for the third quarter of 2023, and they exceeded management's forecasts. Considering Workiva stock still trades 43% below its best-ever level from the tech frenzy of 2021, now might be a great time to follow Wall Street's lead and buy-in for the long term.
Source Fool.com
