5 Oversold Stocks to Buy Under $20

4. Blue Owl Capital Inc. (NYSE:OWL)

Blue Owl Capital Inc. (NYSE:OWL) is one of the best oversold stocks to buy under $20. Blue Owl Capital Inc. (NYSE:OWL) received a rating update from BMO Capital on March 24. The firm cut the price target on the stock to $11 from $15, reaffirming an Outperform rating on the shares. The rating update came as part of a broader research note on Alternative Asset Manager names, with the firm stating that issues are piling up. Several factors are raising uncertainty around realizations, including BDC redemptions, credit issues at Asset-Based Finance markets, market volatility, and AI-driven disruption weighing on performance. It further told investors in the research note that credit spreads are also widening, while fraud allegations are raising questions around underwriting and downside protection.

In another development, TD Cowen cut the price target on Blue Owl Capital Inc. (NYSE:OWL) to $14 from $16, reaffirming a Buy rating on the shares. The firm stated that it held investor meetings with the company and cut its estimates after a number of new analyses suggesting that investors are effectively pricing in, at a minimum, complete extinction of the company’s roughly $35B (in NAV) evergreen complex.

Blue Owl Capital Inc. (NYSE:OWL) is an alternative asset management firm that offers investors access to asset management capital solutions through its Direct Lending and GP Capital Solutions products.