From Nasdaq: 2025-04-09 12:05:00

In the past month, Pitney Bowes (PBI) shares have dropped by 14.5%, underperforming the Computer and Technology sector’s decline of 12.2% due to broader market weakness and tech stock sell-offs.

PBI’s strong customer base, including 90% of Fortune 500 companies, and partnerships with Amazon, eBay, and Salesforce, position it well in the global logistics and technology space, diversifying revenue streams.

Pitney Bowes has divested its underperforming Global Ecommerce segment to focus on higher-margin businesses, reducing debt, and improving cash availability for long-term profitability.

Investors are encouraged to buy Pitney Bowes now, given its realignment efforts, cost-cutting initiatives, and strong partnerships, making it a Zacks Rank #1 (Strong Buy) stock with potential for growth.

Zacks Investment Research has identified 5 stocks set to double in 2024, providing an opportunity for significant gains with picks that have soared in the past. Most of these stocks are under the radar, offering potential for growth for investors.



Read more at Nasdaq: Should You Buy Pitney Bowes Stock After a 15% Dip in a Month?