5 Oversold Tech Stocks To Buy

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1. Euronet Worldwide, Inc. (NASDAQ:EEFT)

14-day RSI as of August 2: 17.18

Euronet Worldwide, Inc. (NASDAQ:EEFT) is a Kansas-based provider of electronic payment services including automated teller machines, point-of-sale services, and credit/debit card services. It is one of the biggest payment companies in the world.

Our hedge fund database shows that 28 hedge funds held a stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) at a combined total of $278.240. Robert Karr’s Joho Capital held 413,659 of the company shares worth $46.288 million, making it Euronet Worldwide, Inc. (NASDAQ:EEFT)’s biggest hedge fund holder in the first quarter.

On July 27, Truist analyst Andrew Jeffrey reaffirmed a Buy rating on Euronet Worldwide, Inc. (NASDAQ:EEFT) with a $120 price target, down from $155.

Here is what ClearBridge Investments has to say about Euronet Worldwide, Inc. (NASDAQ:EEFT) in its Q3 2022 investor letter:

“We took advantage of the selloff in the IT sector to initiate a new position in Euronet Worldwide (NASDAQ:EEFT). The company is a global leader in providing payment and transaction processing and distribution solutions to financial institutions, retailers, merchants and individual consumers through ATM networks, point-of-sale management and fraud management, among other services. Transaction volumes within the company’s highly profitable consumer ATM business suffered significantly over the last two years as a result of COVID-19 lockdowns and shelter-in-place restrictions, but we see tremendous opportunities for this business segment to fully recover over the next two years and lead to further improvements in the share price.”

Follow Euronet Worldwide Inc. (NASDAQ:EEFT)

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