10 Best Cheap Stocks to Buy According to Billionaire Ray Dalio

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1. Citigroup Inc. (NYSE:C)

Forward Price-to-Earnings: 10.95

Number of Hedge Fund Holders: 96

Citigroup Inc. (NYSE:C) is one of the 10 Best Cheap Stocks to Buy According to Billionaire Ray Dalio. Bridgewater Associates holds over $142 million worth of shares of C, which represents 0.66% of its portfolio.

Citing improved profitability, BofA increased its price target on Citigroup Inc. (NYSE:C) from $89 to $100 on June 26, 2025. Keeping a ‘Buy’ rating on the company’s stock, the analyst highlighted Jane Fraser’s continued strategic efforts to make the company competitive, ever since her hiring in 2021. The analyst also pointed toward Citigroup Inc.’s (NYSE:C) improved profitability over the last year in each of its five business segments. Accordingly, BofA raised Citi’s FY26 EPS estimate from $9.85 to $10 as the analyst sees greater clarity on the return on tangible common equity outlook.

Citigroup Inc. (NYSE:C), established in 1998, is a global, U.S.-based investment bank and financial services company. The bank also provides retail brokerage, corporate banking services, and cash management products. Citigroup is among the list of cheap stocks to buy.

While we acknowledge the potential of C 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 C and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 7 Best Future Food Stocks to Buy According to Analysts and 10 Best Marketing Stocks to Buy Right Now.

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