Insights

3 beaten down ASX shares that could be great value

CSL Limited (ASX:CSL) and these beaten down ASX shares could be great value after recent pullbacks in their share prices. Here’s why…
The post 3 beaten down ASX shares that could be great value appeared first on The Motley Fool Australia. –

wooden letter blocks spelling the word 'discount' representing cheap xero share price

Although the Australian share market is trading within sight of its 52-week high, not all shares are performing as positively.

Three ASX shares that are trading notably lower than their highs are listed below. Here’s why they could be great value now:

Appen Ltd (ASX: APX)

The first ASX share to look at is Appen. It is a leading developer of high-quality, human annotated datasets for machine learning and artificial intelligence (AI). This is a vital part of the development process of building AI models, as without quality data a model won’t reach its full potential. Given the growing importance of AI for businesses and governments, Appen looks well positioned for growth over the long term. And with the Appen share price down 58% from its high, now could be an opportune time to make a patient investment. Ord Minnett appears to believe this is the case. It has just upgraded its shares to a buy rating with a $24.75 price target.

CSL Limited (ASX: CSL)

Another ASX share to consider is CSL. The shares of this leading biotechnology company are down 21% from their 52-week high. This has been driven by concerns over plasma collection headwinds because of COVID-19. However, with this headwind only temporary and not structural, the company looks well-placed to bounce back strongly after the pandemic passes. Especially given its in-demand therapies and vaccines and its lucrative R&D pipeline. Analysts at Citi are positive on CSL. Last week they upgraded its shares to a buy rating with a $310 price target.

Kogan.com Ltd (ASX: KGN)

A final ASX share to look at is this leading ecommerce company. The Kogan share price has fallen heavily this year and is now down 45% from its high. This appears to have been driven by valuation concerns and uncertainty regarding how long its elevated sales growth will be maintained. Analysts at Credit Suisse remain positive on its future and believe its shares are good value. at current levels The broker has recently put an outperform rating and $20.85 price target on Kogan’s shares.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Appen Ltd and CSL Ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 3 beaten down ASX shares that could be great value appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!