10 Oversold Tech Stocks To Buy Right Now

1. ZoomInfo Technologies Inc. (NASDAQ:ZI)  

Number of Hedge Fund Investors: 43  

Forward P/E Ratio as of October 15: 10.70  

YTD Performance as of October 15: -44.40%  

ZoomInfo Technologies Inc. (NASDAQ:ZI) is a leading provider of business intelligence software, specializing in sales and marketing data.

ZoomInfo Technologies Inc.’s (NASDAQ:ZI) sales and marketing platform, Copilot, provides users with real-time data and insights to improve their sales and marketing efforts. This AI-powered tool is designed to enhance the capabilities of sales and marketing professionals, offering a competitive advantage. As businesses increasingly adopt AI to optimize their sales and marketing efforts, Copilot positions ZoomInfo Technologies Inc. (NASDAQ:ZI) at the forefront of this trend. The tool aims to boost the productivity and effectiveness of sales teams, which can, in turn, lead to greater adoption and utilization of the company’s platform.

Copilot has been adopted by the majority of the company’s existing customers, and users are showing material improvements in engagement and utilization rates. This indicates that the product is functioning effectively and has the potential to contribute to the company’s revenue growth.

ZoomInfo Technologies Inc.’s (NASDAQ:ZI) is facing challenges in the small and medium-sized business (SMB) segment, the company has shown signs of stabilization and growth in its upmarket segment. In Q2, ZoomInfo Technologies Inc.’s (NASDAQ:ZI) reported a total revenue decline of 5.6% year-over-year, driven by poor performance in the SMB segment. However, the company also saw encouraging signs of demand stabilization, with customer growth metrics turning positive after multiple quarters of decline.

ZoomInfo Technologies Inc.’s (NASDAQ:ZI) signs of stabilization and growth in its upmarket segment, make it an attractive investment opportunity for those looking for a potential growth stock.

While we acknowledge the potential of ZoomInfo Technologies Inc. (NASDAQ: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.

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