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2 Underpriced Stocks To Buy Now

2 Underpriced Stocks To Buy Now

There’s huge upside ahead for these 2 stocks.

Analysts don’t always agree, but when most if not all of the analysts of a particular stock are saying there’s big upside ahead, investors should pay attention.

These two stocks both have consensus price targets of at least 50% above their current prices, and both are in a good buying position after recent declines in their share prices.

And even if these price targets prove to be too optimistic, there are still to be gains to be had.

Here’s what you need to know about these two stocks:

Dish Network (NASDAQ: DISH)

DISH has had a rough go of it recently and is down 44% in the last year on fears of consumers ditching traditional cable and satellite tv packages.

However, Wall Street is still positive on the stock with a consensus price target of $55.98 – or 57% higher than today’s closing price.

In the last quarter, DISH’s earnings were $0.7 per share, with revenue growing by 0.44% over the last quarter, totaling $3.5 billion.

The stock price looks to have hit a double bottom in June and has since rallied over 20%. And taking a longer-term view, this bottom occurred between the 78.6% and 61.8% retracements of DISH’s last uptrend indicating the deep pullback in the stock over the last few years may finally be over.

Source: TradingView.

Lam Research Corp (NASDAQ: LRCX)

Lam Research is a leader in the semiconductor market. In short, they make the machines that make the chips.

Like other stocks in the semiconductor space—think Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD),—LRCX has had a rough month, but the company is fast growing and has high margins and recurring revenue, and a strong return on invested capital.

The company is returning at least 50% of its free cash flow through buybacks, and offers a growing dividend – and by growing, I mean the company raised its dividend by 120%, giving you a forward yield of 2.5%.

The stock is down nearly -6% in the last month, making for a good entry point. The average price target for the stock is $266, or 50% higher than today’s price.

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