The stock market is a sea of red right now as the global selloff continues. Some have even described it as a 'bloodbath' with both the Dow Jones Industrial Average and the S&P 500 eradicating gains made so far this year.

"This was volatility unleashed," says Jack Ablin, the chief investment officer at Cresset Wealth. "It's partially fear of interest rates, partially this new Fed chairman Jerome Powell, partially the market is overvalued relative to fundamentals."

But it's not all bad news, for example check out this note from Goldman Sachs

Here we used TipRanks to find four fundamentally strong stocks that are all looking cheap right now. All four of these stocks fall under the Analyst Top Stocks category with Strong Buy analyst consensus ratings based on the last three months. Is this a buying opportunity? Perhaps...

Redfin (RDFN)

Tech-powered real estate brokerage Redfin is key stock to track right now. Shares are down from $31 at the end of 2017 to the current share price of $20. But this just makes top RBC Capital analyst Mark Mahaney even more bullish on the stock's potential. He upgraded Redfin to Buy with a $28 price target on Feb 2. This indicates huge upside of 42% from the current share price.

Mahaney explains that he is "taking advantage of the 37% year to date correction in the shares." There are three crucial upgrade factors to the stock right now: "1. We view current valuation as highly attractive; 2. We view intra-quarter data points as at least neutral to near-term financial results; and 3. We view the long-term thesis as very well intact." In fact, according to Mahaney Redfin currently has one of the most attractive growth-adjusted valuations in the Small-Mid Cap Internet sector.

Indeed, our data reveals that overall Redfin boasts a 'Strong Buy' consensus from top analysts. In the last three months this breaks down into 3 buy ratings and just 1 hold rating. These best-performing analysts have an average price target on Redfin of $29 (50% upside potential).

Broadcom (AVGO)

In a rare bearish move Broadcom- one of the Street's favorite stocks- is also down right now. On a three-month basis, this Action Alerts Plus holding has pulled back 15.4%. In terms of numbers, that means it is now trading at $228, down from $277 in November.

And this represents an appealing buying opportunity because, from a Street perspective, Broadcom is a watertight choice. The stock has received no less than 21 consecutive buy ratings over the last three months. And at the same time, based on the $322 average analyst price target, the upside potential is also an impressive 42%.

B. Riley FBR analyst Craig Ellis is one of the Street's best-performing analysts. He sees Broadcom hitting $335 (47% upside potential). Crucially, Ellis is not overly disturbed about weak Apple (AAPL) iPhone demand damaging Apple suppliers like Broadcom. Instead, he reiterates his thesis that "AVGO offers compelling 2H catalysts and still-reasonable valuations."

Similarly, Oppenheimer's Rick Shafer notes that Broadcom has still offered upside guidance in the face of confirmed soft iPhone sales. He calls this 'an effective salve to investor worries' and sees it as further evidence that management plans are on track.

Alphabet Inc. (GOOGL)

Over the last week Alphabet has dropped 10%, with over 5% lost in just one day on the back of a fourth quarter earnings miss. This means the tech giant is now trading at $1,062, down from $1,181 at the beginning of February. However, analysts see the stock spiking back 23% to $1,306.

But the fourth quarter report also revealed remarkable stats like the $4 billion annual run rate of Alphabet's cloud computing unit and its higher-than-expected revenue growth of 24%. And for the majority of analysts these positive factors easily outweigh any concerns about the rising costs of traffic acquisition. "We continue to believe Alphabet to be one of the strongest, most consistent fundamental stories out there. And the valuation pitch remains constructive" says RBC's Mark Mahaney.

Meanwhile, Credit Suisse's Stephen Ju bumped up his price target from $1,350 to a very bullish $1,400 (32% upside potential) on February 2. Given that device shipments in Google's hardware business are growing 100% plus, he is "happy to underwrite incremental expenses in pursuit of long-term opportunity." Plus he notes that Action Alerts Plus holding Alphabet is now the highest growing public cloud services provider.

If we look back over the last three months, Alphabet has received 23 buy ratings from the Street vs. just 3 hold ratings.

TrueCar (TRUE)

We recommend keeping a close eye on TrueCar. This company operates a price comparison website for new and used car buyers and dealers. Its savvy business model sees TrueCar paid by dealerships in order to obtain potential buyers' contact information.

The company suffered last year, but is primed to make a recovery in the fourth quarter. Indeed, B.Riley FBR analyst Sameet Sinha reiterated his TrueCar buy rating on Feb. 2 with an $18 price target. He isn't concerned about the CFO resigning, and notes that the resignation was for personal reasons rather than any indication of a weak fourth quarter. On the contrary, Sinha believes that the fourth quarter report is set up for upside. Indeed, his checks reveal that traffic for the quarter was strong, and he expects momentum to continue. 

Overall, TrueCar has received four consecutive recent buy ratings from analysts. These analysts have an average price target on TrueCar of $18.25. This suggests huge upside potential of over 66% from the current share price.

-Analysis by Harriet Lefton.

This piece is brought to you by TipRanks. TipRanks offers investors the latest insight into eight different sectors by tracking the activity of over 4,750 analysts, 5,000 financial bloggers and even 37,000 corporate insiders.

TheStreet's Executive Editor Brian Sozzi and Sr. Correspondent Scott Gamm analyze markets on Morning Jolt. Don't miss the team's top tips.

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