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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.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Enphase Energy (ENPH)
4.7213 of 5 stars		$34.56-3.6%N/A32.00Hold$65.44
Moderna (MRNA)
4.4871 of 5 stars		$25.67-0.9%N/A-2.94Hold$46.61
Zscaler (ZS)
3.785 of 5 stars		$310.46+2.5%N/A-1,194.08Moderate Buy$294.03
Verizon Communications (VZ)
4.964 of 5 stars		$42.35+1.6%6.40%10.08Moderate Buy$47.41
Intel (INTC)
3.8672 of 5 stars		$21.19+0.5%N/A-4.73Reduce$21.57
PDD (PDD)
4.4656 of 5 stars		$101.95+0.7%N/A10.97Moderate Buy$144.55
T-Mobile US (TMUS)
4.6241 of 5 stars		$226.98+2.5%1.55%22.14Moderate Buy$257.68
Activision Blizzard (ATVI)
0.8475 of 5 stars		$94.42flat1.05%34.59N/AN/A
Meta Platforms (META)
4.0009 of 5 stars		$698.53+2.4%0.30%27.24Moderate Buy$710.00
Tesla (TSLA)
4.6609 of 5 stars		$348.68+8.2%N/A191.58Hold$294.58
Align Technology (ALGN)
4.686 of 5 stars		$183.42+0.9%N/A33.41Moderate Buy$241.25
Merck & Co., Inc. (MRK)
4.9962 of 5 stars		$80.15+1.4%4.04%11.67Hold$109.19
International Business Machines (IBM)
4.2947 of 5 stars		$289.25+2.9%2.32%49.78Moderate Buy$253.75
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