Undervalued US Stocks To Watch In September 2024
In This Article:
As of late September 2024, the S&P 500 and Dow Jones Industrial Average have retreated from their recent record highs, reflecting a stalled stock market rally amid anticipation of key economic data releases. Despite this pause, investor optimism persists regarding a potential soft landing for the economy and continued interest rate cuts by the Federal Reserve. In such an environment, identifying undervalued stocks becomes crucial for investors seeking opportunities that may offer significant upside potential once market conditions stabilize.
Top 10 Undervalued Stocks Based On Cash Flows In The United States
| Name | Current Price | Fair Value (Est) | Discount (Est) |
| First Solar (NasdaqGS:FSLR) | $241.72 | $465.40 | 48.1% |
| Amdocs (NasdaqGS:DOX) | $85.90 | $166.20 | 48.3% |
| Western Alliance Bancorporation (NYSE:WAL) | $84.19 | $168.11 | 49.9% |
| Phibro Animal Health (NasdaqGM:PAHC) | $22.07 | $42.63 | 48.2% |
| KBR (NYSE:KBR) | $64.45 | $126.90 | 49.2% |
| Crane NXT (NYSE:CXT) | $55.40 | $106.43 | 47.9% |
| Fluence Energy (NasdaqGS:FLNC) | $21.62 | $41.89 | 48.4% |
| Tenable Holdings (NasdaqGS:TENB) | $39.70 | $78.99 | 49.7% |
| Enphase Energy (NasdaqGM:ENPH) | $113.29 | $224.84 | 49.6% |
| Vasta Platform (NasdaqGS:VSTA) | $2.61 | $5.05 | 48.3% |
Underneath we present a selection of stocks filtered out by our screen.
CyberArk Software
Overview: CyberArk Software Ltd. develops, markets, and sells software-based identity security solutions and services globally, with a market cap of $12.28 billion.
Operations: Revenue from security software and services for CyberArk Software Ltd. amounted to $860.60 million.
Estimated Discount To Fair Value: 39.7%
CyberArk Software is trading at US$283.73, significantly below its estimated fair value of US$470.46, suggesting it may be undervalued based on cash flows. The company’s revenue is forecast to grow 16.5% annually, outpacing the broader US market's growth rate of 8.7%. Recent client wins with RBL Finserve and SAP ECS highlight CyberArk's expanding market presence and robust demand for its identity security solutions, further supporting its growth potential despite past shareholder dilution.
-
Our growth report here indicates CyberArk Software may be poised for an improving outlook.
-
Dive into the specifics of CyberArk Software here with our thorough financial health report.
Corning
Overview: Corning Incorporated operates in display technologies, optical communications, environmental technologies, specialty materials, and life sciences sectors both in the United States and internationally, with a market cap of approximately $38.75 billion.