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Bargain Alert: 3 Stocks Worth Watching While The Market Cools

Broadcom sign at the headquarters. Broadcom Inc. is a company that designs, develops, and supplies semiconductor devices

Key Points

  • Toast was upgraded last week and is on the verge of breaking out of its multi-year range. 
  • The Trade Desk has had a run of analysts upgrading it in the face of this dip. 
  • It's a similar story with Broadcom, with some refreshed price targets calling for a 60% upside.
  • Interested in Toast? Here are five stocks we like better.
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Since closing at a record high less than 10 days ago, the benchmark S&P 500 index has been on the back foot. For the moment, it's not looking like a whole lot more than a healthy mid-rally correction. After all, it had logged almost 40% of gains this year so far, and some questions were starting to be asked about the short-term health of the rally. 

An increasing reliance on a few heavyweight tech stocks over recent months, sketchy earnings in the past few weeks, and a cyclical shift from large-cap to small-cap have all combined to test the bulls. Yesterday's 2.3% drop for the S&P 500 alone made it its worst day since 2022. 

But this is an entry opportunity for those of us on the sidelines who remain bullish on equities through the rest of the year and into 2025. Here are three tech stocks in particular worth considering at a discount. 

Toast's Impressive Run Despite Recent Dip

Toast Today

Toast, Inc. stock logo
TOSTTOST 90-day performance
Toast
$34.25 +1.08 (+3.25%)
As of 03:59 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.
52-Week Range
$21.32
$44.12
Price Target
$40.48

Toast NYSE: TOST, the restaurant software company, has been on a solid run since markets turned north en masse last November. Though an 8% drop in Wednesday's session wouldn't have made for pleasant viewing, the stock is still up more than 75% in that timeframe. 

It's worth noting that only last week, the team at Mizuho raised their rating on Toast stock from Neutral to Outperform. This was interesting timing, as the stock was right on the edge of breaking through the upper end of the range it's been stuck in since bottoming out from 2022's drop. 

The team there obviously sees little reason to doubt Toast's ability to achieve this milestone and gave the stock a fresh $33 price target. Thanks to the selloff over the past week, that's pointing to an attractive upside of some 30% from where Toast closed last night.

Toast, Inc. (TOST) Price Chart for Tuesday, April, 1, 2025

The Trade Desk Continues to Attract Bullish Analyst Sentiment

Trade Desk Today

The Trade Desk, Inc. stock logo
TTDTTD 90-day performance
Trade Desk
$57.10 +2.38 (+4.35%)
As of 04:00 PM Eastern
52-Week Range
$52.90
$141.53
P/E Ratio
73.21
Price Target
$115.41

Shares of AdTech giant The Trade Desk NASDAQ: TTDhave been trending upward since the start of 2023. By the start of this week, they'd gained an impressive 150%, and while yesterday's 11.5% drop will have been hard to stomach, several analysts have been weighing in on the Buy side recently.

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Morgan Stanley, for example, reiterated its Overweight rating on the stock on Tuesday of this week while boosting its price target to $110. This echoed the note from the Wedbush team on Monday, who did the same. 

Last week, Wolfe Research and Oppenheimer reiterated their Outperform ratings, the latter giving The Trade Desk a street-high price target of $120. Considering the stock closed below $90 last night, that's an upside target of more than 30%.

The Trade Desk, Inc. (TTD) Price Chart for Tuesday, April, 1, 2025

Broadcom: An Attractive Alternative to NVIDIA

Broadcom Today

Broadcom Inc. stock logo
AVGOAVGO 90-day performance
Broadcom
$168.52 +1.09 (+0.65%)
As of 04:00 PM Eastern
52-Week Range
$119.76
$251.88
Dividend Yield
1.40%
P/E Ratio
137.46
Price Target
$231.48

To round off the list, we have another computer and technology stock. Broadcom NASDAQ: AVGO is known for its semiconductor products and was only this week singled out by Citi as one of the increasingly attractive alternatives to NVIDIA NASDAQ: NVDA

This may shed light on Broadcom's multi-year surge, which saw gains exceeding 350% from 2022 through last month, and its recent 20% decline. For those observing from the sidelines, now might be the ideal moment to get involved.

Like with the others on this list, several analysts have been clamoring over each other to call it a screaming buy. This month alone, Oppenheimer, Cantor Fitzgerald, TD Cowen, and Rosenblatt Securities have all reiterated their Buy or Outperform ratings on Broadcom. When it comes to the potential upside, it doesn't get much better; all gave it a price target of $200 or higher, with Rosenblatt's $240 suggesting they're targeting near-term gains of around 60%.

Broadcom Inc. (AVGO) Price Chart for Tuesday, April, 1, 2025

Should You Invest $1,000 in Toast Right Now?

Before you consider Toast, 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 Toast wasn't on the list.

While Toast 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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Sam Quirke
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Sam Quirke

Contributing Author

Technical Analysis

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Toast (TOST)
3.7734 of 5 stars
$34.25+3.2%N/A-3,421.28Hold$40.48
NVIDIA (NVDA)
4.8858 of 5 stars
$110.15+1.6%0.04%43.35Moderate Buy$171.51
Trade Desk (TTD)
3.7287 of 5 stars
$57.10+4.3%N/A73.21Moderate Buy$115.41
Broadcom (AVGO)
4.9873 of 5 stars
$168.52+0.7%1.40%137.46Moderate Buy$231.48
Compare These Stocks  Add These Stocks to My Watchlist 

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