Equities could also be buying and selling close to their file highs, however there are nonetheless alternatives to purchase some shares at bargain-basement costs. The most important inventory indexes have began off 2024 by persevering with a spectacular bull rally that bought underway on the finish of October, regardless of weakening a contact this week. Yr up to now, the S & P 500 and Nasdaq Composite have each risen greater than 6.5%, with the Dow Jones Industrial Common pushing increased by one other 3.2%. However even inside this mania of high-flying shares, there are nonetheless loads of firms buying and selling under honest worth. CNBC Professional searched by the Nasdaq-100 index to seek out shares that at present look low cost. To satisfy this standards, the shares needed to have a trailing 12 month price-to-earnings ratio lower than their five-year common. Moreover, the names additionally needed to have a ahead price-to-earnings ratio for the following 12 months that was under the Nasdaq-100’s present 17.6. Listed here are the names that made the lower: PayPal , which has a ahead price-to-earnings ratio of 12, was one identify that made the listing. Greater than half the analysts overlaying the funds supplier charge it a maintain, though the typical analyst value goal implies upside of round 16%. “Competition within the online checkout space has placed more pressure on PayPal’s growth rates, with a slump of four consecutive quarters in active customer accounts,” Argus Analysis wrote. Shares of PayPal tumbled earlier this month after the funds big issued disappointing ahead steering whereas reporting fourth-quarter earnings . This was adopted by a downgrade to a maintain at Argus, for instance. Additionally on the listing of shares was pharmaceutical maker AstraZeneca , which has a ahead price-to-earnings ratio of 13.7. Most analysts overlaying the inventory have a purchase score, with share value targets comparable to implied common upside of 24%. AstraZeneca has fallen almost 5% this yr. Deutsche Financial institution downgraded the British inventory in early February to a promote from maintain, citing “underwhelming” and “soft” fourth-quarter earnings. One other inventory with depressed valuations is Cisco . The web networking gear maker sells at 13.8 instances earnings, and most analysts overlaying the inventory give it a maintain score. Common value targets suggest potential upside of 11%. Cisco additionally slid earlier this month after reporting declining fiscal second-quarter income and issuing lighter steering than anticipated for the fiscal third quarter. It additionally introduced it could lay off round 5% of its workforce , equating to round 4,250 workers. Shares of Cisco are down 4.2% to this point this yr. Different names on the listing of potential discount shares embrace Diamondback Vitality , Keurig Dr Pepper and Kraft Heinz . — CNBC’s Fred Imbert contributed to this report.