3 Underperforming Nasdaq 100 Stocks Worth a Closer Look

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.
5 stocks we like better than Enphase Energy

Upgrade Now

This premium article is available to MarketBeat All Access subscribers only. Log in to your account or sign up below.

Upgrade Now See Benefits

Already have an account? Log in here.

→ 625,000% Gain (From Crypto Swap Profits) (Ad)

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

5G Stocks: The Path Forward is Profitable

Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report

Companies Mentioned in This Article

Company	MarketRank™	Current Price	Price Change	Dividend Yield	P/E Ratio	Consensus Rating	Consensus Price Target
Enphase Energy (ENPH)	4.2894 of 5 stars 4.29 / 5 stars	$119.34	+1.5%	N/A	62.16	Hold	$129.70
Moderna (MRNA)	3.2458 of 5 stars 3.25 / 5 stars	$122.11	+1.4%	N/A	-7.79	Hold	$133.88
Zscaler (ZS)	4.3273 of 5 stars 4.33 / 5 stars	$181.36	-0.4%	N/A	-355.61	Moderate Buy	$225.21
Verizon Communications (VZ)	4.8346 of 5 stars 4.83 / 5 stars	$40.11	+0.4%	6.63%	14.97	Moderate Buy	$45.68
Intel (INTC)	4.8671 of 5 stars 4.87 / 5 stars	$31.35	+0.8%	1.59%	32.66	Hold	$39.25
PDD (PDD)	4.928 of 5 stars 4.93 / 5 stars	$130.80	+0.8%	N/A	17.32	Buy	$188.33
T-Mobile US (TMUS)	4.9921 of 5 stars 4.99 / 5 stars	$175.53	+0.2%	1.48%	23.88	Buy	$194.07
Activision Blizzard (ATVI)	0.8422 of 5 stars 0.84 / 5 stars	$94.42	flat	1.05%	34.59	Buy	$95.00
Meta Platforms (META)	4.4721 of 5 stars 4.47 / 5 stars	$465.70	+2.7%	0.43%	26.75	Moderate Buy	$525.66
Tesla (TSLA)	4.5522 of 5 stars 4.55 / 5 stars	$219.80	-0.2%	N/A	56.07	Hold	$204.30
Align Technology (ALGN)	4.8142 of 5 stars 4.81 / 5 stars	$220.45	-2.5%	N/A	36.32	Moderate Buy	$330.50
Merck & Co., Inc. (MRK)	4.3886 of 5 stars 4.39 / 5 stars	$125.30	-0.4%	2.46%	139.22	Moderate Buy	$135.36
International Business Machines (IBM)	4.2731 of 5 stars 4.27 / 5 stars	$191.75	-0.1%	3.48%	21.72	Hold	$184.93