In this article, we will look at the 10 Best Affordable Stocks to Buy According to Wall Street Analysts.
Affordable stocks are getting more attention as investors look for companies that still trade at reasonable earnings multiples after a strong run in the broader market. However, low valuation alone is not enough. A cheap stock can stay cheap if earnings are weakening, leverage is high, or the business has lost pricing power. Franklin Templeton makes that distinction clearly, saying “Value is not a low multiple” and that “A low next-twelve-month (NTM) price-to-earnings (P/E) ratio is not, in itself, evidence of value.” The better setup is when the market is mispricing future fundamentals, or as the firm puts it, when investors underestimate a company’s “forward earnings power, cash generation or asset value.”
J.P. Morgan Asset Management says value stocks are tied to “lower valuations and quality fundamentals” and argues that the current setup favors stock pickers focused on “profitability, strong balance sheets and favorable relative valuations.” AllianceBernstein adds the quality filter, saying investors should focus on “companies with resilient business models, strong profitability and long-term growth potential,” while noting that “earnings and cash flows are still the best predictor of equity returns over long time horizons.” Affordability works best when it comes with earnings support, not just a low P/E ratio.
With that in mind, let’s take a look at the 10 Best Affordable Stocks to Buy According to Wall Street Analysts.
Our Methodology
We used the Finviz screener to identify stocks trading below 15x forward PE that offer notable upside from analysts’ price targets. We then limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10. Equinor ASA (NYSE:EQNR)
On May 11, 2026, Grupo Santander analyst Alejandro Vigil upgraded Equinor ASA (NYSE:EQNR) to Outperform from Neutral with a NOK 415 price target. The firm said Equinor stands to benefit from tailwinds tied to a tighter European natural gas market.
On May 7, 2026, TD Cowen raised the firm’s price target on Equinor ASA (NYSE:EQNR) to $40 from $38 while maintaining a Hold rating. The firm said the company’s earnings beat was supported by stronger U.S. gas realizations and solid operational performance in Norway.
Meanwhile, DZ Bank analyst Werner Eisenmann upgraded Equinor ASA (NYSE:EQNR) to Buy from Hold with a NOK 400 price target.
A day earlier, Equinor ASA (NYSE:EQNR) reported Q1 adjusted EPS of $1.48, versus the consensus estimate of $1.37. Adjusted revenue totaled $28.4B, versus the consensus estimate of $29.3B. The company said it delivered exceptional operational performance and record-high production during the quarter, supported by higher commodity prices and strong financial results. Equinor also cited heightened geopolitical tensions and continued disruptions in global energy flows, adding that high production from the Norwegian continental shelf reinforces its role as a key energy supplier to Europe. The company further highlighted successful exploration results in Norway, along with its U.S. onshore gas exposure and optimized international portfolio as factors supporting future competitiveness and cash flow generation.
Equinor ASA (NYSE:EQNR) operates as an international energy company with operations spanning oil, natural gas, renewables, and related energy businesses.
9. Energy Transfer LP (NYSE:ET)
On May 6, 2026, Raymond James analyst Justin Jenkins raised the firm’s price target on Energy Transfer LP (NYSE:ET) to $26 from $25 while maintaining a Strong Buy rating. The firm said Energy Transfer continues improving its financial profile through footprint optimization and disciplined capital allocation, with execution and long-term cash flow growth from its project pipeline potentially supporting higher returns to unitholders and a valuation re-rating relative to historical midstream averages and large-cap peers.
Stifel analyst Selman Akyol also raised the firm’s price target on Energy Transfer LP (NYSE:ET) to $25 from $23 and maintained a Buy rating on the shares.
Meanwhile, Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on Energy Transfer LP (NYSE:ET) to $21 from $20 while keeping a Hold rating following what the firm described as a stronger-than-expected beat and guidance increase. Jefferies said the latest update highlighted underappreciated growth and improving quality within the partnership’s business.
On May 5, 2026, Energy Transfer LP (NYSE:ET) reported Q1 EPS of 35c, versus the consensus estimate of 38c. Revenue totaled $27.771B, versus the consensus estimate of $27.3B.
Energy Transfer LP (NYSE:ET), together with its subsidiaries, provides energy-related services across the United States.
8. Cenovus Energy Inc. (NYSE:CVE)
On May 7, 2026, RBC Capital raised the firm’s price target on Cenovus Energy Inc. (NYSE:CVE) to C$45 from C$42 while maintaining an Outperform rating. Scotiabank analyst Kevin Fisk also raised the firm’s price target on Cenovus Energy Inc. (NYSE:CVE) to C$44 from C$38 and kept an Outperform rating on the shares.
Meanwhile, Raymond James downgraded Cenovus Energy Inc. (NYSE:CVE) to Outperform from Strong Buy while raising its price target to C$42 from C$41. The firm described the company’s Q1 results as solid and noted that the stock has generated a total return of 60% since Raymond James upgraded the shares to Strong Buy last October. The firm cited valuation as the reason for the downgrade, but added that it still views Cenovus as offering some of the best risk-adjusted returns among large-cap senior oil and gas companies under its coverage.
On May 6, 2026, Cenovus Energy Inc. (NYSE:CVE) reported Q1 EPS of 83c, versus the consensus estimate of 55c. Revenue totaled 12.4B, compared to $10.9B in the previous quarter. The company also reported Q1 upstream production of 972,100 barrels of oil equivalent per day, up 6% from Q4 2025 and 19% from Q1 2025, while downstream crude throughput reached 458,500 barrels per day with an overall crude unit utilization rate of 97%. CEO Jon McKenzie said the company delivered exceptional operating and financial results during the quarter, supported by record upstream production, strong downstream performance, and project execution across its integrated asset base. McKenzie added that Cenovus remains focused on safety and disciplined execution of its broader business plan.
Cenovus Energy Inc. (NYSE:CVE) develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products across Canada, the United States, and China.
7. Koninklijke Philips N.V. (NYSE:PHG)
On May 6, 2026, Koninklijke Philips N.V. (NYSE:PHG) reported Q1 adjusted EPS of EUR 0.23 compared to EUR 0.25 last year. Revenue totaled EUR 3.91B compared to EUR 4.1B in the prior-year period. The company said it delivered a solid start to 2026, with order intake growth of 6%, comparable sales growth of 4%, and adjusted EBITDA margin expansion of 40 basis points, supported by disciplined execution despite an uncertain macroeconomic backdrop. Philips added that sales growth was driven by North America and Europe and spanned all operating segments.
The company also said it is advancing a new strategy focused on accelerating profitable growth through segment-specific priorities, platform-based innovation, and operational discipline. Philips highlighted several AI-related developments during the quarter, including regulatory approval for SmartHeart, which automates cardiac MRI planning, and DeviceGuide, which adds AI-powered real-time guidance to cardiac procedures on the Azurion platform. Philips also pointed to continued demand for its OneBlade grooming platform.
Koninklijke Philips N.V. (NYSE:PHG) maintained its FY26 outlook for comparable sales growth of 3%-4.5%, adjusted EBITDA margin of 12.5%-13%, and free cash flow of EUR 1.3 B-EUR 1.5 B. The company said its outlook incorporates currently known tariff impacts and broader macroeconomic uncertainty but excludes any potential International Emergency Economic Powers Act tariff refunds and ongoing Philips Respironics-related legal proceedings.
Last month, Koninklijke Philips N.V. (NYSE:PHG) announced it received FDA 510(k) clearance for its Rembra imaging platform, including the Rembra CT, Rembra RT, and Areta RT systems. The company said the systems are designed to help healthcare providers improve imaging and radiation therapy planning efficiency as demand and clinical complexity continue to increase.
Koninklijke Philips N.V. (NYSE:PHG) operates as a health technology company serving markets across North America, Greater China, and internationally.
6. Rocket Companies, Inc. (NYSE:RKT)
On May 7, 2026, Rocket Companies, Inc. (NYSE:RKT) reported Q1 adjusted EPS of 15c, versus the consensus estimate of 12c. Revenue totaled $2.94B, versus the consensus estimate of $2.78B. CEO and Director Varun Krishna said the company is focused on creating its own opportunities through technology and distribution rather than waiting for market conditions to improve. Krishna added that the company again exceeded the high end of guidance as its search, origination, servicing, data, and AI capabilities became increasingly connected. Rocket Companies, Inc. (NYSE:RKT) sees Q2 revenue of $2.7B-$2.9B, versus the consensus estimate of $2.97B.
After the earnings report, BofA lowered the firm’s price target on Rocket Companies, Inc. (NYSE:RKT) to $18 from $19 while maintaining a Buy rating. The firm said it reduced its FY26 and FY27 EPS forecasts to reflect Q1 results and an updated mortgage market outlook.
Last month, Stephens initiated coverage of Rocket Companies, Inc. (NYSE:RKT) with an Overweight rating and a $22.50 price target. The firm said it favors real estate finance companies with lower cyclicality and the ability to generate consistent earnings growth across market cycles, adding that it views Rocket as among the best-positioned companies in the group for sustained consolidated growth.
Rocket Companies, Inc. (NYSE:RKT) operates mortgage, real estate, and personal finance businesses in the United States and Canada.
While we acknowledge the potential of RKT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RKT and that has 100x upside potential, check out our report about the cheapest AI stock.
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