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Buy undervalued communication services stocks with RSI near or below 30. PLTK, TTD, and APP are major oversold players in this sector with significant price drops.
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As AI reduces software development costs, proprietary data and distribution networks become the primary competitive advantages for software companies. Companies like Palantir, CrowdStrike, and ServiceNow have built defensible moats through accumulated data and embedded customer operations, while others like Salesforce and Snowflake face disruption as AI commoditizes their traditional business models.
AppLovin (APP) stock fell as top analysts lowered price forecasts amid ongoing legal battles and slowing revenue growth.
With over 25% of S&P 500 stocks down 40% or more from their highs, the article identifies four undervalued tech stocks as bargain opportunities: Netflix benefits from recession-resistant streaming and advertising growth; Oracle offers leveraged exposure to cloud computing with a massive backlog; ServiceNow is well-positioned for agentic AI orchestration; and AppLovin trades at a cheap valuation with strong revenue and earnings growth.
Goldman Sachs analyst Eric Sheridan maintains AppLovin (NASDAQ:APP) with a Neutral and lowers the price target from $465 to $400.
Citigroup analyst Jason Bazinet maintains Playtika Holding (NASDAQ:PLTK) with a Buy and lowers the price target from $4 to $3.5.
On Thursday, Playtika Holding (NASDAQ:PLTK) discussed second-quarter financial results during its earnings call. The full transcript is provided below. Benzinga APIs provide real-time access to earnings call transcripts