10 Best Affordable Stocks Under $30

7. Stellantis N.V. (NYSE:STLA)

Stock Price: $10.49

Forward P/E: 13.41

Number of Hedge Fund Holders: 32

Stellantis N.V. (NYSE:STLA) is one of the best affordable stocks under $30. Jefferies maintained a Buy rating on Stellantis N.V. (NYSE:STLA) on January 9 and set a price target of €13.00. The stock also received a rating update from Piper Sandler on January 8, with the firm upgrading Stellantis N.V. (NYSE:STLA) to Overweight from Neutral while raising the price target to $15 from $9.

The firm told investors in a research note that Stellantis N.V. (NYSE:STLA) trades at a lower multiple compared to several peers, and investor expectations are low following several disappointing quarters. It, however, sees a favorable risk/reward, and believes that Stellantis N.V. (NYSE:STLA) has the potential for “rapid upside” if it shows faster-than-expected margin expansion, especially given the company’s history of attaining EBIT margins well above current levels.

The firm further sees tangible drivers capable of supporting a turnaround, with the company’s US business, which is a key center, expected to improve with market share stabilization and the upcoming 2026 vehicle launches helping rebuild competitiveness. Piper also highlighted other potential catalysts for the company, including possible brand divestitures, supportive policy developments, and the resumption of share repurchases, all of which hold the potential to support the earnings recovery story.

Stellantis N.V. (NYSE:STLA) designs, manufactures, distributes, and sells vehicles. The company offers products under various brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall.