10 Oversold NASDAQ Stocks To Invest In Now

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1. ZoomInfo Technologies Inc. (NASDAQ:ZI)  

Number of Hedge Fund Investors: 43  

Forward P/E Ratio as of October 23: 11.15  

YTD Performance as of October 23: -43.27%  

ZoomInfo Technologies (NASDAQ:ZI) is a prominent provider of business intelligence software focused on sales and marketing data.

ZoomInfo Technologies Inc.’s (NASDAQ:ZI) sales and marketing platform, Copilot, offers real-time data and insights to help enhance sales and marketing strategies. This AI-powered tool is designed to empower sales and marketing professionals, providing a competitive edge. As more businesses turn to AI to optimize their sales and marketing processes, Copilot positions the company at the forefront of this shift. The tool is aimed at boosting productivity and effectiveness within sales teams, potentially driving greater platform adoption and usage.

Copilot has seen widespread adoption among existing customers, with noticeable improvements in engagement and utilization rates. This positive reception suggests the product is performing well and could significantly contribute to the company’s revenue growth.

Despite challenges within the small and medium-sized business (SMB) segment, ZoomInfo Technologies Inc. (NASDAQ:ZI) has demonstrated stabilization and growth in its upmarket segment. In Q2, the company reported a 5.6% year-over-year decline in total revenue, primarily due to underperformance in the SMB market. However, encouraging signs of demand stabilization emerged, with customer growth metrics improving after several quarters of decline.

While we acknowledge the potential of ZI to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than ZI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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