Top 3 Information Technology Stocks That Could Blast Off This Month

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Cerence Inc CRNC

• On Feb. 18, Evercore ISI Group analyst Chris McNally maintained Cerence with an In-Line rating and raised the price target from $6 to $9. The company’s stock fell around 62% over the past month and has a 52-week low of $2.34.
• RSI Value: 29.2
• CRNC Price Action: Shares of Cerence fell 10.2% to close at $8.51 on Thursday.
• Edge Stock Ratings: 98.23 Momentum score with Value at 27.60.

TD Synnex Corp SNX     

• On March 27, TD SYNNEX reported its first-quarter results. Quarterly revenue of $14.53 billion, up 4.0% year over year, missed the analyst view of $14.79 billion. Patrick Zammit, CEO of TD SYNNEX, said, “The strength of our business model allowed us to grow ahead of the market in Q1. Our end-to-end strategy, global reach and specialist go to market approach continues to empower us to capture a wide range of IT spend.” The company’s stock fell around 22% over the past month and has a 52-week low of $98.00.
• RSI Value: 14.2
• SNX Price Action: Shares of TD Synnex dipped 14.3% to close at $107.54 on Thursday.
• Benzinga Pro’s charting tool helped identify the trend in SNX stock.

Marvell Technology Inc MRVL

• On March 27, Marvell Technology announced, in collaboration with TeraHop, a global optical solutions provider for AI-driven data centers, the demonstration of end-to-end PCIe Gen 6 over optics at the Optical Networking and Communication Conference and Exposition (OFC) 2025. The demonstration will showcase the extension of PCIe beyond traditional electrical limits to enable low-latency, standards-based AI scale-up infrastructure.. The company’s stock fell around 29% over the past month and has a 52-week low of $53.19.
• RSI Value: 29.4
• MRVL Price Action: Shares of Marvell Technology fell 2.9% to close at $64.86 on Thursday.
• Benzinga Pro’s signals feature notified of a potential breakout in MRVL shares.

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