In this article, we will take a look at some of the most oversold stocks listed on NASDAQ with attractive upside potential.

On June 30, Reuters reported that the U.S. stock market currently faces a series of challenges to keep its rally intact during the latter half of 2026. Some of these challenges include AI-linked capital outlays, elevated benchmarks for corporate profitability, and interest rate movements under the new Fed Chairman.

Reuters highlighted that the benchmark S&P 500 index has increased by over 8% so far this year, marking a third consecutive year of bullish gains. It attributed the rally to a surge in spending on AI infrastructure, noting a forecast of roughly $730 billion for 2026 from 5 companies alone. These include tech giants like Alphabet, Microsoft, and Amazon.

According to LSEG IBES, corporate profitability is projected to remain robust in the foreseeable future, with S&P 500 profits expected to increase by more than 26% during 2026. Reuters also highlighted comments by David Bianco, Americas Chief Investment Officer at DWS, who said the key question is whether companies within the S&P 500, especially from the technology sector, meet such optimistic earnings expectations. Bianco stated:

“The main question is delivery of the earnings that are expected out of the S&P 500, but also the tech sector. That’s one of those things that there can’t be any excuses.”

With that background, let’s explore our 10 Oversold NASDAQ Stocks to Invest In Right Now.

Our Methodology

To identify relevant stocks for this article, we screened NASDAQ-listed companies with market capitalizations above $2 billion and Relative Strength Index (RSI) below 30. Also, we only shortlisted stocks with at least 20% upside potential, according to consensus, as of the July 9 close. Finally, we selected 10 stocks with the highest upside and ranked them in ascending order.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).

10. Logitech International S.A. (NASDAQ:LOGI)

Logitech International S.A. (NASDAQ:LOGI) is one of the 10 oversold NASDAQ stocks to invest in right now.

On June 30, Logitech G announced its new engagement with Call of Duty: Modern Warfare 4, as the Official Partner for all PC Peripherals. The company’s ASTRO Series had also been announced as the Official Headset Partner for the game.

As the Official Provider for all PC Peripherals, Logitech G will be offering headsets, keyboards, mice, and all other equipment that can assist players in improving their performance levels during routine sessions and competitive events.

Logitech G’s Partnerships Director, Andrew Tagher, highlighted that this partnership has a distinct motto, which is “Play for Prestige”. The underlying purpose is to celebrate each Modern Warfare 4 player through the utilization of all proprietary technologies and equipment developed by the company.

On the same day, Logitech International S.A. (NASDAQ:LOGI) was downgraded from Neutral to Underperform by Bank of America Securities. The firm also reduced the price target from $108 to $86.

BofA noted that higher prices within consumer electronics, including tablets, PCs, gaming systems and smartphones, are expected to soften demand for the company’s products over the next 12 to 18 months. This will lead to the company’s revenue and profits falling short of consensus estimates.

Logitech International S.A. (NASDAQ:LOGI) delivers software-driven hardware solutions. The key products include console gaming headsets, steering wheels, streaming services, and microphones. The company also offers streaming services and pointing devices such as wireless mice and speakers, corded and cordless keyboards, and webcams.

9. Diamondback Energy Inc. (NASDAQ:FANG)

Diamondback Energy Inc. (NASDAQ:FANG) is one of the 10 oversold NASDAQ stocks to invest in right now.

On June 29, Morgan Stanley reduced the price target on Diamondback Energy Inc. (NASDAQ:FANG) from $229 to $216. Despite this downward adjustment, the price target yields more than 25% upside potential at the prevailing level. The firm also upheld an Overweight rating on the stock.

According to the firm, oil prices decreased after the United States and Iran reached an MOU on June 14. It noted that WTI now remains marginally above the pre-conflict levels, which formed the basis for analysts’ adjustments.

Earlier on June 22, Roth Capital increased its price target for Diamondback Energy Inc. (FANG) from $205 to $212, resulting in an upside potential of more than 23%. The firm had also upgraded the stock from Neutral to Buy. The revisions came after the firm made changes across several exploration and production stocks, driven by declining crude oil prices touching near-term lows amid ceasefire talks between Iran and the United States at the time.

The firm highlighted some oil-focused names within the broader E&P segment that appear attractive after a dip of around 15%-25% in 2026. It anticipates oil prices to stabilize at $75 per barrel in the short term.

Diamondback Energy Inc. (NASDAQ:FANG) is engaged in the exploration, development, and production of natural gas and oil resources. It is renowned for its unconventional oil and gas reserves at the Spraberry and Wolfcamp formations in Midland, as well as the Bone Spring and Wolfcamp formations in the Delaware basin.

8. Viper Energy Inc. (NASDAQ:VNOM)

Viper Energy Inc. (NASDAQ:VNOM) is one of the 10 oversold NASDAQ stocks to invest in right now.

On July 1, Viper Energy Inc. (NASDAQ:VNOM) announced that it had concluded the acquisition of Riverbend Oil and Gas IX. Viper paid roughly $337 million in cash and around 3.7 million of its Class A common shares to the sellers, Riverbend Oil & Gas IX (AIV), L.L.C., and ROG IX, L.L.C.

The $337 million in cash consideration was paid through the existing cash balance, along with the company’s credit facility.

On June 29, Devin McDermott from Morgan Stanley decreased the target price on Viper Energy Inc. (NASDAQ:VNOM) from $49 to $46, which still results in an upside potential of over 13% at the current level.

The analyst reaffirmed an Overweight rating on the stock, pointing to the recent dip in oil prices, as the United States and Iran agreed on an MOU back in mid-June. He also highlighted that the WTI is now slightly above the pre-conflict range.

The broader consensus sentiment around the stock remained highly bullish as of the July 7 closing. The stock received Buy ratings from all 14 analysts who provided coverage. Based on a median 1-year target price of $57.69, it offers an upside potential of more than 35%.

Viper Energy Inc. (NASDAQ:VNOM) manages a wide range of oil and natural gas properties across North America. The company owns and acquires mineral and royalty interests and serves as a subsidiary of the parent company, Diamondback Energy Inc.

7. Baker Hughes Co. (NASDAQ:BKR)

Baker Hughes Co. (NASDAQ:BKR) is one of the 10 oversold NASDAQ stocks to invest in right now.

On July 8, Susquehanna reduced its target price for Baker Hughes Co. (NASDAQ:BKR) from $80 to $70, resulting in a revised upside potential of almost 33%. The firm also reiterated its Positive rating on the stock after making changes to its model prior to the forthcoming earnings announcements.

Susquehanna noted that the commodity prices had dropped and then risen back to normal levels, which has led to changes in estimates for the broader industry. It anticipates an optimistic mid-term outlook despite the uncertainties linked with the U.S.-Iran conflict. This is supported by expectations of elevated spending on oilfield services during the coming years.

Back on June 25, Baker Hughes Co. (NASDAQ:BKR) disclosed a substantial award from Azule Energy to offer subsea production solutions for the Greater PAJ project in Angola. As part of the agreement, the company will provide deepwater horizontal tree systems to facilitate ultra-deep offshore greenfield output. The company will also deliver intervention workover control solutions, subsea control units, and related distribution, linkage, and surface machinery.

Baker Hughes Co. (NASDAQ:BKR) offers a range of solutions to the energy and industrial value chain. It is engaged in the development, production, and decommissioning of products and services for onshore and offshore oilfield functions. It also sells software for optimization, climate technology solutions, after-market support, and more.

6. Equinix Inc. (NASDAQ:EQIX)

Equinix Inc. (NASDAQ:EQIX) is one of the 10 oversold NASDAQ stocks to invest in right now.

On July 1, Barclays increased its target price for Equinix Inc. (NASDAQ:EQIX) from $1,109 to $1,130, which now yields an adjusted upside potential of over 13%. The firm retained an Equal Weight rating on the stock.

Citing larger growth prospects than previously projected, Barclays raised its targets for real estate investment trusts (REITs) focused on communications infrastructure. The firm acknowledged the elevated demand trends across hyperscale and enterprise AI, due to which many companies within this space are reaping the benefits.

Back on June 16, Equinix Inc. (NASDAQ:EQIX) disclosed an extended collaboration with Nvidia Corp. (NASDAQ:NVDA) and Cisco Systems Inc. (NASDAQ:CSCO), which is aimed at accelerating enterprise AI solutions.

Equinix will allow its clients to implement the Cisco Secure AI Factory with Nvidia across its extensive data center network around the globe. This collaboration also offers AI factory automation and blueprints.

Equinix is also collaborating with Presidio to implement its Programmable AI Technology Hub Lab. This collaboration will allow clients to verify, test, and enhance the infrastructure of AI before its enterprise-wide implementation.

Equinix Inc. (NASDAQ:EQIX) operates an interconnected ecosystem of specialized data centers and digital infrastructure, which it leases out to enterprise clients and cloud service providers. Its investment portfolio is concentrated across global assets, and the company also leverages AI capabilities to offer an efficient digital and interconnection experience.

5. Mattel Inc. (NASDAQ:MAT)

Mattel Inc. (NASDAQ:MAT) is one of the 10 oversold NASDAQ stocks to invest in right now.

On June 26, Goldman Sachs reduced its target price for the stock from $18 to $15, which still leads to a 15% upside potential. The firm maintained its Neutral rating on the stock.

On June 22, Mattel Inc. (NASDAQ:MAT) launched its three latest Hot Wheels collectibles during San Diego Comic-Con. The collection introduces the K-pop Demon Hunters and Stranger Things from Netflix, in addition to Top Gun from Paramount Pictures, using Hot Wheels collectibles that showcase the legacy of the brand.

Targeting modern collectors in this day and age, all three of these launches sit at the convergence of fandom, entertainment, pop culture, and play.

Back on June 17, the company announced that its UNO Social Clubs are garnering global attention, with a U.S. tour covering 5 cities and expansions planned across nine locations globally. These developments follow the success of the inaugural events from last year.

UNO is offering the experience to a large number of participants with unexpected twists, friendly competition, and gameplay interactions. Apart from major cities across the U.S., UNO will launch its inaugural worldwide tour covering Berlin, Barcelona, London, Paris, Rio de Janeiro, Tokyo, Mexico City, Sydney, and Toronto.

Mattel Inc. (NASDAQ:MAT) is characterized as a family entertainment company that designs, produces, and sells toys, games, and play products across different countries. It offers a wide range of products, including Disney Princess, Polly Pocket, KPop Demon Hunters, Hot Wheels RC, and more.

4. Patterson-UTI Energy Inc. (NASDAQ:PTEN)

Patterson-UTI Energy Inc. (NASDAQ:PTEN) is one of the 10 oversold NASDAQ stocks to invest in right now.

On July 8, Charles Minervino from Susquehanna reduced his target price for Patterson-UTI Energy Inc. (NASDAQ:PTEN) from $14 to $12, leading to a revised upside potential of more than 39%. The analyst reiterated his Positive rating on the stock after making adjustments to his model prior to the earnings announcement.

Minervino noted that industry projections have undergone more changes following what he described as the “near-round trip” for commodity prices. Despite uncertainties linked with the U.S.-Iran conflict, he sees the mid-term landscape as favorable enough for the oilfield services segment, which can lead to elevated spending levels in the coming years.

On July 6, Patterson-UTI Energy Inc. (NASDAQ:PTEN) announced that during the month of June, the company recorded an average drilling rig count of 95 across the United States. This translates into an average count of 92 rigs within the U.S. during the three-month period ending in June.

Back on June 16, Stephen Gengaro from Stifel increased the price target on Patterson-UTI Energy Inc. (NASDAQ:PTEN) from $14 to $15, resulting in an adjusted upside potential of over 73%. The analyst kept his Buy rating on the stock.

Gengaro raised his estimates for FY26 and FY27 after the company lifted its projections for second-quarter EBITDA. He believes that higher prices for hydraulic fracturing and ongoing growth in both drilling and completion activity have bolstered the upside.

Patterson-UTI Energy Inc. (NASDAQ:PTEN) offers various services to oil and gas companies, including drilling and completion. The company offers contract and directional drilling, MWD services, fracturing, and also the production of various types of drill bits.

3. Core Scientific Inc. (NASDAQ:CORZ)

Core Scientific Inc. (NASDAQ:CORZ) is one of the 10 oversold NASDAQ stocks to invest in right now.

On June 25, BTIG increased the target price on Core Scientific Inc. (NYSE:CORZ) from $33 to $38, yielding an adjusted upside potential of over 77%. The firm upheld its Buy rating on the stock. According to the firm, rapid power consumption in data centers showed no sign of slowing, as the early stages of a worldwide data center buildout persisted during the second quarter.

Over the coming years, BTIG believes that businesses with quick access to power will have endless possibilities to land AI colocation contracts. With five high-performance computing infrastructure contracts signed by the public firms it tracks in the second quarter, it raised pricing targets throughout the data center infrastructure group, claiming that demand for quick power assets is growing stronger.

Back on June 12, Lucid Capital reinitiated its coverage on Core Scientific Inc. (NYSE:CORZ) with a target price of $40, resulting in an upside potential of almost 87%. The firm also assigned a Buy rating to the stock, making reference to the company’s “second act”, which is a testament to its modular HPC platform.

According to the firm, Core Scientific holds enough cash in hand to cover the equity shortage for the 1GW essential IT load for each of its current and future sites. Moreover, a short-term lease arrangement involving Hunt County eventually mitigates the company’s reliance on a single tenant.

Core Scientific Inc. (NASDAQ:CORZ) is a data center operator that leverages high-density computing solutions for AI and high-density workloads. The company uses purpose-built data centers for mining and also hosts services for third-party clients. Originally engaged in Bitcoin mining, it has gradually pivoted towards larger AI-based revenue streams such as GPU cloud and colocation services.

2. Methanex Corp. (NASDAQ:MEOH)

Methanex Corp. (NASDAQ:MEOH) is one of the 10 oversold NASDAQ stocks to invest in right now.

On July 1, Nelson Ng from RBC Capital decreased the target price for Methanex Corp. (NASDAQ:MEOH) from $70 to $65, which now results in an adjusted upside of more than 43%. The analyst also reiterated a Sector Perform rating for the stock.

Ng noted that easing of U.S.-Iran tensions and the gradual revival of shipping via the Strait of Hormuz will drive methanol prices to a more stable level during the latter half of the year, following a peak during the second quarter. This outlook formed the basis of his downward adjustment to the price target.

Earlier on June 30, Methanex Corp. (NASDAQ:MEOH) announced that it could not finalize a new natural gas agreement for its Titan methanol plant, based in Trinidad and Tobago. As a result, it will begin idling the plant for an indefinite period.

The company revealed that the current natural gas agreement of Titan will expire during the third quarter of this year, and the company will maintain the plant for a possible future restart if conditions improve.

Methanex Corp. (NASDAQ:MEOH) markets its methanol and ammonia products in the chemical and petrochemical industries. It also leases terminal facilities and in-region storage and manages its storage and shipping facilities.

1. Honeywell International Inc. (NASDAQ:HON)

Honeywell International Inc. (NASDAQ:HON) is one of the 10 oversold NASDAQ stocks to invest in right now.

The stock carried a moderately bullish consensus sentiment by the close of play on July 9. It received Buy ratings from 13 of the 18 analysts who provided coverage. Based on a median one-year target price of $387.28, the stock offers around 75% upside potential.

On July 1, Andrew Kaplowitz from Citi reduced the target price on Honeywell International Inc. (NASDAQ:HON) from $269.40 to $260. The analyst maintained a Buy rating on the stock and adjusted the company’s model following the recent spinoff.

Kaplowitz informed investors that Honeywell’s dedicated automation portfolio appears favorably positioned for steadier and more foreseeable revenue growth.

On July 2, PowerBank Corp. (NASDAQ:PBK) disclosed that its northern New York-based ground-mount community solar project, SB-14, has attained commercial operation. The project, which has a capacity of 7.01 MW DC/5 MW AC, was undertaken by PowerBank for Honeywell.

It was part of three shared solar projects with combined capacity amounting to 21 MW DC. It also involved a $41 million procurement, engineering, and construction solutions agreement between the two companies. This is the second project in the portfolio of the company to attain commercial operation, raising the aggregate to 14.02 MW of clean energy.

Honeywell International Inc.(NASDAQ:HON) is involved in building automation, industrial automation, and sustainability services. It delivers various products and solutions related to automation and instrumentation, intelligent energy, and sensing technologies. The company also offers software products for building control and optimization.

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