5 Most Oversold Large Cap Stocks to Buy

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1. Alcon Inc. (NYSE:ALC)

RSI Value: 21.89

Market Capitalization: $30.77 billion

Alcon Inc. (NYSE:ALC) is one of the most oversold stocks on this list.

TheFly reported on May 8 that ALC saw its valuation outlook revised as Barclays reduced the price target to $78 from $90 while reiterating an Equal Weight rating on the shares.

Separately, on May 5, Alcon Inc. (NYSE:ALC) reported its first-quarter 2026 performance, showing strong underlying momentum across its eye care portfolio. Sales reached $2.7 billion, increasing 10% on a reported basis and 6% in constant currency compared with the prior year period. Growth was supported by new product launches in both surgical and vision care segments, including advanced intraocular lens platforms and contact lens innovations, along with strength in dry eye treatments.

The corporation’s core operating income rose year over year, reflecting improved efficiency and higher sales volumes, although reported operating income declined due to investments in new product commercialization, tariffs, and restructuring-related costs. Core earnings per share increased to $0.85, while reported EPS was $0.39, affected by prior-year investment gains. Cash generation remained stable, with operating cash flow improving modestly. The company also maintained shareholder returns through a dividend and authorized a new $1.5 billion share repurchase program.

Alcon Inc. (NYSE:ALC) is a global eye care company based in Geneva and the world’s largest in ophthalmic devices. It provides surgical and vision care products for conditions like cataracts, glaucoma, and retinal diseases, serving patients in over 140 countries.

While we acknowledge the potential of ALC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ALC and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

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