In this article, we will look at the 12 Worst Depressed Stocks To Buy Now.
Will the “Fed Put” Come into Play?
With the recent pressure on the equity market from tariffs the market has been wondering if the Fed Put will come into play. On March 20, Mike Wilson, Morgan Stanley CIO, and Chief U.S. equity strategist, joined CNBC to discuss the likelihood of interest rate cuts during the year and the overall market outlook. Morgan Stanley expects the year 2025 to have only a single rate cut, however, if the market slows down more than expected then the Fed Put will come into play with another rate cut. Wilson noted that the Fed is going to respond to lower growth, however, the question that remains unanswered is how will the Fed measure this growth. According to Wilson, the labor market is one of the indicators that the reserve is watching closely. Currently, most of the weakness in the labor market is in the government sector as the government is trying to shrink the sector. Wilson noted that if this move spills over to the private sector then there is no doubt that the Fed will respond to that with another rate cut.
Wilson further elaborated that investors are not concerned about the next 12 months, rather they are more curious to know the current market situation. He noted that Morgan Stanley’s view of the market coming into 2025 was that the first half would be tougher due to the high expectations and the government sequencing its policies. One other reason behind this was that market expectations were too high whereas the reality was somewhat different. Wilson noted that we entered this year when the Fed was cutting rates and the valuations were high, so the current market slowdowns are partly due to the much-needed market correction as well. He also noted that there is a growth deceleration going on with the AI capital expenditure as well, which Wilson believes is good as now the expectations are more aligned with reality. He elaborated that these are the reasons why the firm believes that the 5,500 for the S&P 500 is a good level.
Looking ahead to the second half of the year, Wilson acknowledged potential tailwinds from growth-positive policy changes like tax cuts, deregulation, and lower yields. However, he argued that these are too distant for markets to price in currently. He also emphasized that while a “Trump put” may not exist, the “Fed put” remains active but would likely require worsening conditions in labor markets or credit and funding markets, scenarios that would initially be negative for equities.
With that let’s take a look at the 12 worst depressed stocks to buy now.
A close-up view of a chart tracking the performance of the common stocks of a public company.
Our Methodology
To curate the list of 12 worst depressed stocks to buy now we used the Finviz stock screener, Yahoo Finance, and CNN. Using the screener we aggregated a list of stocks that have fallen more than 15% over the past 12 months and are currently trading within 0% to 3% of their 52-week lows. Next, from this aggregated list we shortlisted stocks with more than 20% analyst upside potential. Lastly, we ranked the stocks in descending order of the number of hedge funds that have stakes in them (from best to worst), as of Q4 2024. Please note that the data was recorded on March 19, 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
12 Worst Depressed Stocks To Buy Now
12. Lennar Corporation (NYSE:LEN)
52 Week Range: 115.61 – 187.61
Current Share Price: $118.10
Analyst Upside Potential: 22.05%
1-Year Performance: -18.25%
Number of Hedge Fund Holders: 70
Lennar Corporation (NYSE:LEN) is a leading American home construction company that constructs and sells single-family attached and detached homes across the country. It also engages in the purchase, development, and sale of residential land through its various regional segments along with providing mortgage financing, title insurance, and closing services, primarily for its homebuyers.
On March 18, Rafe Jadrosich from Bank of America Securities maintained a Hold rating on the stock, while reducing the price target to $130 from $140. The company recently completed a significant restructuring by spinning off its land assets into a new company called Millrose Properties (MRP), which began trading publicly on February 7, 2025. The analyst noted that the reduced price target reflects the impact of this spin-off. Moreover, Jadrosich has also reduced his 2025 earnings per share forecast by 6%. This revision is based on a more conservative gross margin outlook, citing muted demand and elevated incentives in the housing market. The analyst also highlighted challenging conditions for homebuilders, including weaker demand and ongoing headwinds in the sector. Lennar Corporation (NYSE:LEN) is set to report fiscal Q1 2025 earnings on March 21st. It is one of the worst depressed stocks to buy now.
11. Deckers Outdoor Corporation (NYSE:DECK)
52 Week Range: 115.00 – 223.98
Current Share Price: $115.30
Analyst Upside Potential: 99.48%
1-Year Performance: -23.88%
Number of Hedge Fund Holders: 66
Deckers Outdoor Corporation (NYSE:DECK) is a global company specializing in the design, marketing, and distribution of footwear, apparel, and accessories for both casual lifestyle and high-performance activities. It operates through several key brands and business segments including UGG Brand, HOKA Brand, Teva Brand, and more.
During the fiscal third quarter of 2025, the company achieved its largest and most profitable quarter in history, with revenue growing by 17% year-over-year to $1.8 billion. In addition, the gross margins improved to 60.3%. The strong growth was driven by its exceptional brand performance, with UGG growing 16% year-over-year to $1.2 billion, driven by balanced growth across direct-to-consumer (DTC) and wholesale channels globally. Moreover, HOKA also grew 24% year-over-year to $531 million, with DTC growing by 27% and wholesale by 21%.
Looking ahead, Deckers Outdoor Corporation (NYSE:DECK) plans to phase out its Koolaburra brand to concentrate on more significant organic growth opportunities. The company has raised its fiscal year 2025 outlook, projecting a revenue growth rate of 15%, marking its fifth consecutive year of mid-teens or higher growth. It is one of the worst depressed stocks to buy now as the stock is trading close to its 52-week low.
FPA Queens Road Small Cap Value Fund stated the following regarding Deckers Outdoor Corporation (NYSE:DECK) in its Q4 2024 investor letter:
“Deckers Outdoor Corporation (NYSE:DECK) is a footwear and apparel company that owns the UGG, Hoka, Teva, Sanuk, and Koolaburra brands. Management has done a terrific job growing and extending the UGG franchise and developing Hoka running shoes. We first bought a small position in Deckers in 2015 and 2016 when the company was struggling with supply chain issues. The stock is up more than ten times since then because of excellent operating performance. We have trimmed all the way up. In 2024, the company’s market cap exceeded $20 billion and we trimmed even more substantially. Deckers trades at over thirty times forward earnings (as of Dec. 31, 2024) and we continue to trim.”
10. The Trade Desk, Inc. (NASDAQ:TTD)
52 Week Range: 53.39 – 141.53
Current Share Price: $53.59
Analyst Upside Potential: 105.26%
1-Year Performance: -32.81%
Number of Hedge Fund Holders: 63
The Trade Desk, Inc. (NASDAQ:TTD) is a global advertising technology company specializing in programmatic advertising. It provides a self-service, cloud-based platform that enables advertisers to plan, manage, optimize, and measure data-driven digital ad campaigns across various formats and channels.
On March 18, KeyBanc analyst Justin Patterson lowered the firm’s price target on the stock to $74 from $130, while keeping an Overweight rating on the shares. The company reported a 27% year-over-year revenue increase during the fiscal third quarter of 2024. CTV remained the largest and fastest-growing channel for the company, with partners such as Disney, NBCUniversal, Netflix, Roku, LG, and Walmart deepening their collaboration. Moreover, management noted that the company is expanding in areas such as retail media, identity management, and measurement solutions to strengthen its market position. The Trade Desk, Inc. (NASDAQ:TTD) is also actively exploring ways to integrate AI across its suite of products, algorithms, and features to maintain its competitive edge in the evolving ad tech landscape.
However, the stock has fallen by more than 32% over the past 12 months and is trading close to its 52-week low, thereby making it one of the worst depressed stocks to buy now.
Rowan Street Capital stated the following regarding The Trade Desk, Inc. (NASDAQ:TTD) in its Q4 2024 investor letter:
“The Trade Desk (TTD): Investment Initiated: March 2020
Internal Rate of Return (IRR): 54%
The Trade Desk has been our most successful investment to date. March 2025 will mark five years since we opportunistically initiated our position at a cost basis of $17.40 (split-adjusted). Since then, TTD has appreciated more than sevenfold, delivering an annualized return of approximately 54%.
These exceptional results far outpace the company’s strong fundamental growth, with revenues and earnings compounding at approximately 25% annually over this period (refer to the table below). The primary reason for this outsized return lies in the price at which we were able to acquire TTD during the early days of the pandemic, when market fears briefly drove it down to just 10x revenues. Today, the valuation has expanded significantly to approximately 25x revenues, amplifying our returns…” (Click here to read the full text)
9. D.R. Horton, Inc. (NYSE:DHI)
52 Week Range: 124.23 – 199.85
Current Share Price: $126.78
Analyst Upside Potential: 32.51%
1-Year Performance: -15.62%
Number of Hedge Fund Holders: 60
D.R. Horton, Inc. (NYSE:DHI) is one of America’s largest homebuilders by volume. It operates in 121 markets across 33 states. The company engages in constructing and selling a diverse range of high-quality homes, with prices generally ranging from $200,000 to over $1,000,000. Moreover, the company is also involved in national residential lot development through its majority-owned subsidiary, Forestar Group Inc.
During the fiscal first quarter of 2025, the company faced slightly lower net sales orders compared to the last year. However, the company maintained its demand by focusing on affordability through smaller floor plans and incentives such as mortgage rate buy-downs. As a result, D.R. Horton, Inc. (NYSE:DHI) achieved earnings of $2.61 per diluted share, with consolidated pre-tax income of $1.1 billion on revenues of $7.6 billion, resulting in a pre-tax profit margin of 14.6%.
Parnassus Core Equity Fund mentioned the company in its Q4 2024 investor letter, stating that the company’s shares dropped due to the higher mortgage rates, which led to a slower housing market and negative investor sentiment towards the industry. Moreover, the expectations of continued high interest rates during the quarter have further worsened investor confidence, highlighting affordability challenges and a potential slowdown in homebuyer activity. The stock is currently trading close to its 52-week low, thereby making it one of the worst depressed stocks to buy now.
Parnassus Core Equity Fund stated the following regarding D.R. Horton, Inc. (NYSE:DHI) in its Q4 2024 investor letter:
“D.R. Horton, Inc. (NYSE:DHI), the nation’s largest homebuilder, saw its shares decline as the market for new homes slowed against a backdrop of higher mortgage rates. As expectations for continued higher interest rates flared late in the quarter, investor sentiment on the housing sector worsened.”
8. Target Corporation (NYSE:TGT)
52 Week Range: 103.46 – 181.86
Current Share Price: $104.70
Analyst Upside Potential: 32.76%
1-Year Performance: -37.59%
Number of Hedge Fund Holders: 56
Target Corporation (NYSE:TGT) operates as a general merchandise retailer, offering a wide range of products through both physical stores and digital channels. The products that the company offers range from everyday essentials to fashion products and electronics.
Carillon Eagle Growth & Income Fund mentioned the company in its Q4 2024 investor letter, stating that Target Corporation (NYSE:TGT) dramatically missed its earnings expectations, despite positive sales figures. This was attributed to disappointing margins caused by higher expenses. Moreover, while the traffic increased, prices were lower as consumers sought value and shopped during promotional periods. The fund also noted that the one-time decision to re-route inventory ahead of an East Coast port strike significantly affected the company’s performance.
During the fiscal fourth quarter of 2024, the company emphasizes its role as a destination for on-trend, affordable products that offer a unique shopping experience. It has plans to invest $4–$5 billion annually in stores, supply chains, and technology to enhance its operations and customer experience. Moreover, it also aims to drive $15 billion in revenue growth over the next five years, focusing on holding or growing market share across most categories. However, due to the decrease of more than 37% in its share price, it ranks as one of the worst depressed stocks to buy now.
Carillon Eagle Growth & Income Fund stated the following regarding Target Corporation (NYSE:TGT) in its Q4 2024 investor letter:
“Target Corporation (NYSE:TGT) missed earnings dramatically. The company’s sales were positive, but margins were disappointing due to higher expenses. While traffic was up, prices were down; consumers continued to seek value and shop during promotional periods. A one-time decision to re-route inventory ahead of the East Coast port strike also explains a large part of the company’s performance.”
7. Old Dominion Freight Line, Inc. (NASDAQ:ODFL)
52 Week Range: 159.35 – 233.26
Current Share Price: $162.50
Analyst Upside Potential: 20.62%
1-Year Performance: -22.59%
Number of Hedge Fund Holders: 50
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is a leading less-than-truckload motor carrier in North America. The company specializes in transporting smaller freight loads that do not require an entire trailer. It provides regional, inter-regional, and national LTL services through a union-free, integrated network of over 255 service centers across the continental United States.
On March 10, Barclays lowered its price target for the stock from $210 to $195, while maintaining an Equal Weight rating on the stock. The firm noted that investor sentiment across the transportation sector remains largely neutral, with concerns that US tariffs could lead to slower growth in 2025.
The fiscal fourth quarter results for 2024, also reflect the ongoing challenges of a sluggish domestic economy. This led to a 7.3% decline in revenue compared to the same period in 2023. Despite this, Old Dominion Freight Line, Inc. (NASDAQ:ODFL) maintained consistent market share and strong customer relationships. The company demonstrated resilience by controlling costs and operating efficiently despite lower network density and inflationary pressures. It is one of the worst depressed stocks to buy now.
Weitz Partners III Opportunity Fund stated the following regarding Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in its Q4 2024 investor letter:
“Old Dominion Freight Line, Inc. (NASDAQ:ODFL) was another portfolio exit during the quarter. We began building an initial position in ODFL during the second quarter of this year, but early stock price appreciation short-stopped the position building process. As a result, this quarter we elected to realize gains on our small position.”
6. CDW Corporation (NASDAQ:CDW)
52 Week Range: 162.84 – 263.37
Current Share Price: $167.00
Analyst Upside Potential: 34.73%
1-Year Performance: -30.31%
Number of Hedge Fund Holders: 46
CDW Corporation (NASDAQ:CDW) provides information technology solutions for businesses, government agencies, educational institutions, and healthcare organizations primarily in the United States, the United Kingdom, and Canada. The company delivers solutions in physical, virtual, and cloud-based environments across more than 150 countries.
Aoris Investment Management commented on CDW Corporation’s (NASDAQ:CDW) performance in its Q4 2024 investor letter. The fund noted that the company was one of two primary detractors from its portfolio’s performance in 2024. Its share price remained flat until its sale in October, underperforming the fund’s benchmark by 22%. The fund also highlighted that the company experienced strong growth during 2021 and 2022 due to increased IT infrastructure spending by its customers to support remote work. This spending was heavily skewed toward hardware, which constitutes more than half of its profit. However, his growth masked a deeper issue. For instance, this heavy reliance left it less aligned with customers’ growing needs in areas like cloud computing, software, and security. Moreover, the stock has dropped more than 30% over the past 12 months making it one of the worst depressed stocks to buy now.
Aoris Investment Management stated the following regarding CDW Corporation (NASDAQ:CDW) in its Q4 2024 investor letter:
“The two primary detractors from performance in 2024 were L’Oréal, which was held for the whole year and declined by 20%, and CDW Corporation (NASDAQ:CDW), whose share price was flat up until its sale from the Fund in October, underperforming our benchmark by 22%.
CDW is the largest IT reseller in the United States, helping more than 250,000 small to medium-sized organisations with their technology needs.
CDW enjoyed a period of strong growth over 2021 and 2022, as many of its customers invested in their IT infrastructure to support working from home, with this spend skewed towards hardware. This was particularly favourable for CDW as hardware accounts for over half of its profit, with software and services making up the balance…” (Click here to read the full text)
5. Hyatt Hotels Corporation (NYSE:H)
52 Week Range: 119.30 – 168.20
Current Share Price: $122.21
Analyst Upside Potential: 31.74%
1-Year Performance: -22.21%
Number of Hedge Fund Holders: 35
Hyatt Hotels Corporation (NYSE:H) operates as a global hospitality company managing a diverse portfolio of 1,442 hotels and all-inclusive resorts. Its core business involves managing, franchising, and licensing properties across five distinct brand portfolios.
On March 10, Wells Fargo lowered the firm’s price target on the stock to $16 from $17, while keeping an Underweight rating. The firm quoted the recent quarterly results to be discouraging with uncertainty likely to persist. During the fiscal fourth quarter of 2024, Hyatt Hotels Corporation (NYSE:H) announced enhancing its portfolio with notable openings such as Park Hyatt London, River Thames, Grand Hyatt Deer Valley, and Thompson Palm Springs. It also acquired new brands like The Standard and Bahia Principe Hotels, adding to its luxury and lifestyle segments. Moreover, the company also reported system-wide RevPAR (Revenue Per Available Room) growth of 4.6% for 2024, driven by strong demand for its luxury brands. However, despite this, the stock has fallen around 22% over the past 12 months making it one of the worst depressed stocks to buy now.
Baron Focused Growth Fund stated the following regarding Hyatt Hotels Corporation (NYSE:H) in its Q2 2024 investor letter:
“Global hotelier Hyatt Hotels Corporation (NYSE:H) declined 4.7% in the quarter and hurt performance by 29 bps. The disappointing share price performance was due to a deceleration in growth in revenue per available room as a result of modestly slower leisure bookings. However, the company continues to increase its business transient and group bookings, which are now pacing 7% ahead of 2023 levels. These bookings are half of its business today. Robust mid-single-digit growth in units and modest margin expansion should lead to double-digit growth in EBITDA this year. In addition, Hyatt continues to sell assets in its bid to become a more asset-light business. It also has one of the strongest balance sheets in its industry today. All of the above should generate significant free cash flow that Hyatt can use to accelerate share buybacks. Hyatt has repurchased more than 80 million shares since its IPO in 2009! It now has just 100 million shares outstanding. Yet, despite 85% of Hyatt’s cash flow generated by fees, its stock still trades at a discount to peers.”
4. T. Rowe Price Group, Inc. (NASDAQ:TROW)
52 Week Range: 91.37 – 125.81
Current Share Price: $93.04
Analyst Upside Potential: 17.15%
1-Year Performance: -18.63%
Number of Hedge Fund Holders: 33
T. Rowe Price Group, Inc. (NASDAQ:TROW) is a global financial services holding company specializing in investment management and advisory services. It offers a broad range of investment solutions, including equity, fixed-income, multi-asset, and alternative strategies. Its services are tailored for various clients such as individuals, advisors, institutions, and retirement plan sponsors.
On March 13, Analyst Michael Brown from Wells Fargo maintained a Hold rating on the stock, with a price target of $116. This decision reflects mixed market conditions and challenges faced by the company, particularly a 1.4% decline in assets under management (AUM) in February 2025. The analyst noted that the drop was driven by a weak US equity market and net outflows of $4.7 billion, with significant outflows from US mutual funds, which are a core part of T. Rowe Price Group, Inc.’s (NASDAQ:TROW) business. Moreover, despite some positive trends, including strong inflows into ETFs and target date funds, the company’s high exposure to equities, especially growth-oriented funds, has been a headwind amid recent market volatility. The company is currently trading close to its 52-week low, thereby ranking as one of the worst depressed stocks to buy now.
Lindsell Train stated the following regarding T. Rowe Price Group, Inc. (NASDAQ:TROW) in its Q3 2024 investor letter:
“T. Rowe Price Group, Inc. (NASDAQ:TROW) is the only asset manager held in your Fund. The headwinds to this industry, notably the long-term shift to passive and resultant fee pressures, are well known, leading to mouthwatering valuations for what can be extremely profitable companies. In our view T. Rowe stands out with trillion-dollar scale, exceptional margins, and a long track-record of headwind-defying growth, affording it a place in our portfolio since inception. Its shares, however, have not been stellar performers over this four-year+ period, returning just c.30% in USD vs. the MSCI North America’s c.120%. In this month’s update we outline our reasons for continued optimism.
Founded back in 1937 by renowned growth investor Thomas Rowe Price Jr. (a pioneer of basing fees on assets), the eponymous T. Rowe Price is now one of the biggest active managers in the US with $1.6tn under management. This gives it the rare attributes of heritage, a resonant brand, and vast scale. With costs generally fixed (excepting c.30% of variable compensation) asset management thrives on operating leverage, with T. Rowe no exception, leveraging its scale to deliver at least 30% operating margins every year for three decades. Returns to equity bound between 20-and 30%, and with over $2bn of net cash on the balance sheet, almost all earnings are returned to shareholders via buybacks and a generous 4.5% dividend yield…” (Click here to read the full text)
3. Saia, Inc. (NASDAQ:SAIA)
52 Week Range: 345.77 – 624.55
Current Share Price: $349.29
Analyst Upside Potential: 53.17%
1-Year Performance: -37.63%
Number of Hedge Fund Holders: 31
Saia, Inc. (NASDAQ:SAIA) is another less-than-truckload trucking company specializing in freight transportation services. It provides regional and national services for shipments between 100 and 10,000 pounds, including time-definite and expedited options.
On March 6, Benchmark Co. analyst Christopher Kuhn maintained a Buy rating on the stock with a price target of $560. The analyst noted that the company has shown robust growth in its less-than-truckload segment, supported by strategic terminal openings and an improved business mix. This growth is reflected in better-than-expected increases in tonnage per workday during January and February 2025. Moreover, despite challenges in the freight environment, Saia, Inc. (NASDAQ:SAIA) has effectively enhanced its service offerings and optimized operations. It has also successfully increased shipments and weight per shipment, contributing to overall revenue growth. However, the challenges in the freight environment have led to a price drop of over 37% during the past 12 months resulting in the stock trading close to its 52-week low. It is one of the worst depressed stocks to buy now.
2. Diageo plc (NYSE:DEO)
52 Week Range: 105.72 – 149.44
Current Share Price: $107.65
Analyst Upside Potential: 20.42%
1-Year Performance: -25.88%
Number of Hedge Fund Holders: 26
Diageo plc (NYSE:DEO) is a British multinational company specializing in the production, distribution, and marketing of alcoholic beverages. It operates globally, with sales in over 180 countries and a portfolio of approximately 200 brands. The company is one of the largest players in the alcoholic beverage industry and owns iconic brands such as Johnnie Walker, Smirnoff, Baileys, and Captain Morgan.
On March 13, Bernstein analyst Nadine Sarwat maintained a Buy rating on the stock with a price target of £27.70. During the first half of 2025, the company, despite a challenging environment, saw a return to organic net sales growth of 1%, with growth in four out of five regions, including North America. Management noted that they were able to maintain a 65% market share of its net sales in measured markets. The market has been challenging for Diageo plc (NYSE:DEO) as consumers are cautious due to economic pressures and opting for smaller pack sizes. Moreover, Super premium plus priced products are driving growth, while premium and below core price products are declining. Despite the progress, the stock has fallen more than 25% over the 12 months thereby making it one of the worst depressed stocks to buy now.
Ariel Appreciation Fund stated the following regarding Diageo plc (NYSE:DEO) in its Q4 2024 investor letter:
“During the quarter, we initiated three new investments, each in companies we have followed closely for a considerable time. At various points, we viewed them as missed opportunities; however, our experience with Mr. Market has taught us that patience often creates inevitable entry points. This quarter, some exciting opportunities presented themselves. The three investments are Amazon (NASDAQ: AMZN), Diageo plc (NYSE:DEO), and Uber (NASDAQ: UBER). We will discuss each in detail below
COVID was a bonanza for spirits companies, but the aftermath has proven challenging. The retail channel became over-inventoried, and as the on-trade (industry lingo for restaurants and bars) restocked their shelves and consumers returned to in-person gatherings, tough comparables led to slower growth rates— or even declines. In the stock market, Diageo serves as the bellwether for the spirits industry, and its woes began with questions about when the industry might return to growth. These challenges have since been compounded by a series of emergent narratives that weigh heavily on the stock today. These narratives include, but are not limited to, concerns about GLP-1 drugs altering behavior, Gen Z imbibing less than prior generations, economic struggles in emerging markets like Latin America and China, and fears of harsher regulations and warnings for the industry.…” (Click here to read the full text)
1. Woodside Energy Group Ltd (NYSE:WDS)
52 Week Range: 14.11 – 20.30
Current Share Price: $14.37
Analyst Upside Potential: 19.00%
1-Year Performance: -24.83%
Number of Hedge Fund Holders: 10
Woodside Energy Group Ltd (NYSE:WDS) is a global energy company specializing in the exploration, production, marketing, and trading of oil and natural gas. It operates through three main segments including Australia, International, and Marketing. Moreover, it is also developing the Woodside Louisiana LNG terminal in Louisiana for LNG production and export.
On February 25, Morgan Stanley analyst Robert Koh maintained a Hold rating on the stock with a price target of A$27.00. In fiscal 2024, Woodside Energy Group Ltd (NYSE:WDS) achieved a record production of 193.9 million barrels of oil equivalent. This growth was supported by strong performance at the Sangomar project and high reliability at its LNG facilities. As a result, the net profit after tax reached $3,573 million, reflecting a 115% increase year-on-year, driven by operational excellence and new production streams. However, regardless of the performance the stock price has dropped more than 24% during the last 12 months and it is currently trading close to its 52-week low, thereby making it the worst depressed stock to buy now.
While we acknowledge the potential of Woodside Energy Group Ltd (NYSE:WDS) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WDS but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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