Analyst ratings can be a key piece of information that investors look for in stock evaluation. Typically, analyst upgrades are associated with bullish sentiment and downgrades are linked to bearish sentiment.
However, typically doesn't mean always. There are times when analysts get it wrong. There can be many reasons for that. To begin with, analyst ratings have become more complex than a buy, hold, or sell rating. There are now terms like overweight, underweight, outperform, and market perform to digest.
But that's not your concern. You just want to take advantage and buy stocks that may be trading at a discount.
In this special presentation, we used the Most Downgraded Stocks tool on MarketBeat to find seven stocks that have received downgrades from analysts in the 30 days ending October 23, 2024. In each case, the sentiment may be overly pessimistic, or it may signal that a bottom is in, or near, for the stock.
Click the "Continue to Slide #1" button to view the first company.
