9 Cheap New Stocks to Buy According to Analysts

7. Ingram Micro Holding Corporation (NYSE:INGM)

Forward P/E Ratio as of June 13: 6.89

Number of Hedge Fund Holders: 13

Average Upside Potential as of June 13: 32.42%

Ingram Micro Holding Corporation (NYSE:INGM) is one of the 11 cheap new stocks to buy according to analysts. On June 10, Ingram Micro announced that it will host a webinar on July 17 at 11 am PT to discuss its Xvantage Digital Experience Platform. Sanjib Sahoo, President of the company’s Global Platform Group, will lead the discussion and delve into the platform’s foundational architecture, while previewing various components and explaining what it means for Ingram Micro to be a B2B platform company.

The Xvantage platform was launched in 2022 and is an award-winning, global, AI-powered digital experience. It is designed to streamline and expedite business processes for vendor partners and customers by automating key functions such as quote creation, order management, and real-time tracking. This automation enables companies using the platform to scale operations, enhance service delivery, and make data-driven decisions.

The platform currently operates in 20 of the 57 countries where Ingram Micro has a presence and continues to expand. Xvantage is built on a data mesh infrastructure and uses 300+ AI and ML models, along with 20 digital engines, based on patent-pending technology, to redefine the B2B experience and transform the entire technology value chain.

Ingram Micro Holding Corporation (NYSE:INGM) distributes IT products, cloud, and other services in North America, Europe, the Middle East, Africa, the Asia-Pacific, Latin America, and internationally.