Browsed by
Tag: Canadian

These Canadian Technology Stocks Are Trading at a Discount

These Canadian Technology Stocks Are Trading at a Discount

Image source: Getty Images

Write by Sneha Nahata at The Motley Fool Canada

Canadian tech stocks recovered a bit in 2023, with shares of several companies outperforming the broader market index by a wide margin. Despite the recent up-move in technology stocks, they continue to trade cheap on the valuation front, making them attractive investments near the current levels.

With this background, let’s look at two Canadian stocks from the technology space trading at a significant discount.

WELLHealth

WELLHealth (TSX: WELL) provides digital healthcare services, which is why investors sold its stock in 2022, anticipating a slowdown in demand amid easing COVID-related restrictions. However, that didn’t play out, and the company consistently delivered stellar organic revenue and turned profitable, leading to a sharp recovery in its price share. Further, its operations remain immune to the macro headwinds.

Thanks to its solid financial performance, WELL Health stock more than

Read more