10 Oversold Bank Stocks To Buy Right Now

5. Inter & Co, Inc. (NASDAQ:INTR)

6-Month Performance: -15.37%

Analysts Upside Potential: 34.26%

Inter & Co, Inc. (NASDAQ:INTR) is a Brazilian bank, which has transitioned to become a digital multi-service bank over the years. Its super app is one of the differentiating factors, the app allows users to shop online, book travel tickets, and manage investments, while providing them with traditional banking services.

As per the company’s fiscal third quarter 2024 earnings call, the app has attracted over 35 million clients and is logged in more than 15 million times a day. Management of Inter & Co, Inc. (NASDAQ:INTR) has been consistently upgrading the app with the latest technology, for instance, its AI-powered Inter Shop Concierge is anticipated to be launched soon, which will help enhance monetization and also lead to more e-commerce traffic.

On January 26, Morgan Stanley raised the price target to $4.5 from the previous target of $4. The firm believes the company’s 5-year plan presents a significant upside. However, INTR has an Underweight rating as analysts at Morgan Stanley are skeptical regarding the management’s ability to deliver the plan. Inter & Co, Inc. (NASDAQ:INTR) is one of the 10 oversold bank stocks to buy right now.