10 Best Cheap Stocks to Buy According to Billionaire Ray Dalio

7. Synchrony Financial (NYSE:SYF)

Forward Price-to-Earnings: 7.42

Number of Hedge Fund Holders: 52

Synchrony Financial (NYSE:SYF) is one of the 10 Best Cheap Stocks to Buy According to Billionaire Ray Dalio. Bridgewater Associates holds over $33 million worth of shares of SYF, which represents 0.15% of its portfolio.

Seaport Global increased its price target on Synchrony Financial (NYSE:SYF) from $66 to $76, maintaining a ‘Buy’ rating. Despite the broader concerns over rising credit losses and sluggish loan growth in the market, the analyst attributed this update to improved sentiment about the company. Despite a 41% drop in the company’s Q1 2025 net earnings, its adjusted earnings rose 54% to $491 million due to its increased operational efficiency. Moreover, Synchrony Financial (NYSE:SYF) also initiated a $2.5 billion share repurchase program, along with a 20% increase in dividend, reinforcing the analyst’s improved sentiment about the company.

Based in the U.S., Synchrony Financial (NYSE:SYF) offers private-label and co-branded credit cards, installment loans, and consumer banking services across various sectors. It is among the list of cheap stocks to buy.