5 Oversold Growth Stocks To Buy

3. ResMed Inc. (NYSE:RMD)

Latest 14 Day RSI Reading: 17.59

Latest Trailing P/E Ratio: 30.64

ResMed Inc. (NYSE:RMD) makes and sells medical devices such as masks, respirators, and ventilators. The stock is rated Buy on average and has a strong $83 upside based on the average analyst share price target of $262.15. RBC Capital maintained an Outperform rating on the shares in August 2023.

After sifting through 943 hedge fund portfolios for their investments in 2023’s March quarter, Insider Monkey discovered that 32 had bought and invested in ResMed Inc. (NYSE:RMD)’s shares. The firm’s largest investor in our database is Ken Griffin’s Citadel Investment Group with a $460 million stake.

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