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3 Underperforming Nasdaq 100 Stocks Worth a Closer Look

Written by MarketBeat Staff
May 4, 2023

Key Points

  • The strategy of rotating to the Nasdaq’s biggest laggards is far from foolproof, but it makes good sense.
  • Despite being down more than 40% year-to-date, analysts still have faith in Enphase Energy.
  • Moderna’s mRNA pipeline includes 45 vaccine and therapeutic candidates.
  • The company also announced a partnership with IBM to explore the use of generative AI and quantum computing in mRNA science.
  • With a consensus price target that implies nearly 80% upside, Zscaler could be one of the Nasdaq-100’s biggest comeback stories of 2023-2024.
  • Interested in Enphase Energy? Here are five stocks we like better.

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Should You Invest $1,000 in Enphase Energy Right Now?

Before you consider Enphase Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Enphase Energy wasn't on the list.

While Enphase Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Enphase Energy (ENPH)
4.651 of 5 stars		$45.08+4.2%N/A60.92Hold$68.31
Moderna (MRNA)
4.4284 of 5 stars		$27.68-1.6%N/A-2.98Hold$53.58
Zscaler (ZS)
3.7241 of 5 stars		$298.00-0.6%N/A-1,192.00Moderate Buy$286.79
Verizon Communications (VZ)
4.7528 of 5 stars		$44.12+1.1%6.14%10.66Moderate Buy$47.41
Intel (INTC)
3.0882 of 5 stars		$22.11+8.0%2.26%-5.05Reduce$21.57
PDD (PDD)
4.7409 of 5 stars		$102.38+0.7%N/A10.00Moderate Buy$144.55
T-Mobile US (TMUS)
4.5794 of 5 stars		$236.98-0.4%1.49%24.51Moderate Buy$257.68
Activision Blizzard (ATVI)
0.8281 of 5 stars		$94.42flat1.05%34.59N/AN/A
Meta Platforms (META)
3.5775 of 5 stars		$702.40+1.2%0.30%29.36Moderate Buy$702.48
Tesla (TSLA)
4.3427 of 5 stars		$325.99+5.6%N/A159.80Hold$293.67
Align Technology (ALGN)
4.8822 of 5 stars		$188.06+3.9%N/A33.52Moderate Buy$241.25
Merck & Co., Inc. (MRK)
4.9947 of 5 stars		$81.32+2.5%3.98%12.08Hold$109.19
International Business Machines (IBM)
4.2053 of 5 stars		$276.17+1.5%2.43%43.08Moderate Buy$250.31
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