In this article, we will look at the 10 Best Mid Cap Value Stocks to Buy in 2026.
The S&P 500 is down around 4.40% year-to-date, mainly due to the ongoing conflict between the US and Iran. On March 24, Steve Sosnick, Chief Strategist at Interactive Brokers, appeared on CNBC television for an interview to discuss market sentiment amid the crisis. He noted that despite the uncertainty and volatility, investors are still aggressively buying the dip. Sosnick believes that this investor enthusiasm can be linked to a combination of factors, including investors fearing missing another rally, oil prices staying better than anticipated, and the market being relatively stronger than it should be under current circumstances.
Sosnick noted that he had been a risk manager previously, and had been modeling out the hypothetical market reaction in case of a closure of the Strait of Hormuz. The model suggested that in such a situation, the oil would be at $150 to $200 per barrel and the S&P 500 index would undergo a minimum 10% correction. He noted that the reality tells the market is much more resilient than what the model suggested. Sosnick highlighted that one of the reasons behind the market resilience is that over the past year or so, investors have been conditioned to buy every dip, as more often than not, the market has rallied after dips. He referred to last year’s tariff panic, after which the market rallied strongly.
With that, let’s take a look at the 10 Best Mid Cap Value Stocks to Buy in 2026.
Our Methodology
We used screeners to identify mid-cap stocks (with a market capitalization between $2 billion and $10 billion) and forward P/E ratio of less than 15, and 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 Best Mid Cap Value Stocks to Buy in 2026
10. Harmony Gold Mining Company Limited (NYSE:HMY)
Number of Hedge Fund Holders: 24
Harmony Gold Mining Company Limited (NYSE:HMY) is one of the Best Mid Cap Value Stocks to Buy in 2026. On March 11, Harmony Gold Mining Company Limited (NYSE:HMY) released its interim results for the six-month period that ended December 31, 2025.
During the first half of fiscal 2026, the company grew its group revenue by around 20% to R44.4 billion from R37.1 billion in the first half of fiscal 2025. The net profit for the first half increased 24% to R9.8 billion, with headline earnings growing 13% to R8.9 billion. The company produced a total of 22,522 kg, down 9% year-over-year due to temporary challenges in fiscal Q2 2026.
Management highlighted its strategic transformation from a pure gold producer to a diversified gold-copper company. The company expects copper to contribute 40% of the total production by fiscal 2035. The transformation is driven by the recent acquisition of the CSA copper mine and the development of the Eva Copper project.
Harmony Gold Mining Company Ltd. is a major, experienced gold producer and specialist with extensive operations in South Africa and Papua New Guinea, and a growing copper portfolio in Australia. It manages the full mining life cycle, including exploration, development, and operation of underground and surface mines, while being a leader in gold tailings retreatment.
9. Old Republic International Corporation (NYSE:ORI)
Number of Hedge Fund Holders: 26
Old Republic International Corporation (NYSE:ORI) is one of the Best Mid Cap Value Stocks to Buy in 2026. On March 16, Old Republic International Corporation (NYSE:ORI) announced leadership changes at BITCO Insurance Companies.
Meyer Lehman will take charge as President and Chief Executive Officer, while Vince Lamb, who is the current CEO of BITCO, will now be serving as Executive Chairman. The changes are expected to take effect on April 1, 2026.
The CEO of Old Republic International Corporation praised Lehman, highlighting his proven track record, judgment, and alignment with the company’s culture. He also noted that Lehman has helped build strong relationships within the company, which positions him perfectly to guide the company’s high-risk specialty lines like workers’ compensation and liability.
Separately, Old Republic International also announced key leadership changes within the group on March 10. The company announced that Doug Wordekemper will become Chief Executive Officer of Old Republic Professional effective March 23. Frank Kastelic, who is the current CEO of Old Republic Professional, will transition to serve as President and Public D&O and will report to Wordekemper.
Old Republic International Corporation functions as a holding company focused solely on insurance underwriting and related services through its subsidiaries. It specializes in property & casualty and title insurance, serving businesses, governments, and individuals across the U.S. and Canada.
8. Revvity, Inc. (NYSE:RVTY)
Number of Hedge Fund Holders: 35
Revvity, Inc. (NYSE:RVTY) is one of the Best Mid Cap Value Stocks to Buy in 2026. On March 13, Stifel maintained a Hold rating on Revvity, Inc. (NYSE:RVTY) with a price target of $110.
The rating follows the firm’s meeting with the management of Revvity, where management expressed cautious optimism regarding certain parts of the business and the end market. Management noted that their 2026 guidance assumes a steady‑state environment, with pharma and biotech growth around low‑single digits, similar to 2025. Within that, management highlights positive indicators, including higher activity in high-content screening, improved biotech funding, and continued pharma and biotech M&A.
Management noted that the cautious outlook stems from weak academic demand along with some short-term organic growth headwinds, such as weaker demand from China and slower on-premises software renewals. The firm sees 2026 as an important year for the company, as it believes that any macro-economic recovery or acceleration in biotech funding can drive upside.
Revvity, Inc. offers advanced health science solutions across multi-omics, imaging, biomarkers, and informatics segments.
7. XP Inc. (NASDAQ:XP)
Number of Hedge Fund Holders: 36
XP Inc. (NASDAQ:XP) is one of the Best Mid Cap Value Stocks to Buy in 2026. On March 16, Itau BBA raised its price target on XP Inc. (NASDAQ:XP) from $21 to $22, while maintaining a Market Perform rating on the shares.
The firm cited a stronger than expected start to the year as retail equity volume surged by 40% quarter-over-quarter, driven by higher turnover and market values. The firm noted that this acts as a strong indicator for the company’s equity revenue growth. Moreover, the firm also noted that XP clients are expected to receive a major FGC reimbursement; the reimbursement is expected to be reinvested in fixed-income products, which will generate upfront commissions for the company, thereby lifting near-term revenues.
As a result of these two factors, Itau BBA revised its 2026 and 2027 revenue estimates by 7.6% and 4.0%, respectively, with profit forecasts up moderately by 4.4% and 1.7% due to elevated SG&A expenses.
XP Inc. is a technology-enabled platform offering a range of investment, credit, and pension products at low fees. They deliver wealth management, investment funds, and private pension services, covering diverse asset classes including equities, fixed income, and alternatives across both public and private markets.
6. Oshkosh Corporation (NYSE:OSK)
Number of Hedge Fund Holders: 37
Oshkosh Corporation (NYSE:OSK) is one of the Best Mid Cap Value Stocks to Buy in 2026. On March 17, Bernstein reiterated a Hold rating on Oshkosh Corporation (NYSE:OSK) with a $140 price target.
The firm released a research note stating that it is bullish on US machinery stocks, believing the sector is primed for gains from the reshoring trend. The firm noted that S&P 500 manufacturers plan $205 billion in capital expenditure for 2026, which is a significant increase from $30 billion in 2025. Moreover, the growth rate in manufacturing capex is also expected to accelerate from just 2% in 2025 to 16% in 2026. Capital intensity, which is capital expenditure as a percentage of sales, is also expected to rise to 10% in 2026 from 9% a year ago.
The firm highlighted that this growth comes from favorable policy shifts. Bernstein noted that 2025 tax reforms now allow full depreciation of factory construction costs in the first year of operation. Previously, there was only a partial relief on just 30% of equipment capex. Moreover, tariffs have further reduced the appeal of offshore production, while sector-specific Section 232 tariffs provide the certainty needed for long-term US investments.
Oshkosh Corporation designs, develops, and manufactures purpose-built specialty vehicles and equipment across three main segments, including The Access, Defense, and Vocational segments.
5. SEI Investments Company (NASDAQ:SEIC)
Number of Hedge Fund Holders: 39
SEI Investments Company (NASDAQ:SEIC) is one of the Best Mid Cap Value Stocks to Buy in 2026. On March 2, SEI Investments Company (NASDAQ:SEIC) presented at the Raymond James conference, where the company highlighted opportunities and challenges.
Management noted that they are focusing on five main areas for growth, including wealth and asset management expansion, data-driven capital allocation, workforce integration, and international returns. The company generates around 85% of its revenue from the US, while the rest 15% comes from international markets. Moreover, management is also focusing on integrating AI tools to accelerate and enhance the company’s services.
Last year, SEI Investments Company reported $150 million in sales, with significant contributions from its Investment Manager Services. Management noted that this was aided by the Stratos acquisition, which enhanced the company’s investment management capabilities.
Looking ahead, SEI anticipates margin expansion through operational leverage and revenue growth. This expansion is expected to be sustained by ongoing R&D investments in service enhancements.
SEI Investments Company is an asset management company that provides wealth management, retirement & investment solutions, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services.
4. Allison Transmission Holdings, Inc. (NYSE:ALSN)
Number of Hedge Fund Holders: 41
Allison Transmission Holdings, Inc. (NYSE:ALSN) is one of the Best Mid Cap Value Stocks to Buy in 2026. On March 10, Allison Transmission Holdings, Inc. (NYSE:ALSN) announced a significant expansion of its long-standing partnership with Daimler Truck North America LLC.
The expansion will bring two new Allison transmission options into DTNA’s popular Freightliner M2 106 Plus medium-duty truck, targeting regional hauling, tractors, and vocational uses. The additions include Allison 3414 Regional Haul Series with Cummins X10 diesel engine and Allison 9-Speed with Cummins B6.7 Octane gasoline engine.
Management noted that the 3414 Regional Haul Series is a lighter automatic transmission that boosts acceleration by 25% over competitor automated manuals. Production for this is expected to start in January 2027. On the other hand, Allison 9-Speed is focused on smooth shifts, balanced torque, and fuel efficiency for gasoline-powered fleets facing stricter regulations. Allison 9-Speed is expected to enter the production phase in July 2026.
Allison Transmission Holdings, Inc. designs, manufactures, and sells fully automatic transmissions and electrified propulsion systems for medium- and heavy-duty commercial vehicles, defense applications, and off-highway equipment.
3. Baxter International Inc. (NYSE:BAX)
Number of Hedge Fund Holders: 42
Baxter International Inc. (NYSE:BAX) is one of the Best Mid Cap Value Stocks to Buy in 2026. On March 17, Travis Steed from Bank of America Securities maintained a Hold rating on Baxter International Inc. (NYSE:BAX) with a price target of $24.
The rating comes after the S&P downgraded its outlook on the stock from Stable to Negative. The analyst emphasized in a research note that the company needs to avoid further guidance cuts and demonstrate stronger operational performance before justifying a more positive stance. He added that the S&P’s revised outlook assumes only modest leverage improvement alongside a gradual recovery in growth, margins, and cash generation.
The analyst noted that the company’s free cash flow metrics remain below those of BBB- rated peers, which is also one of the reasons behind his Hold rating. Steed added that risks remain for the company regarding the resolution of cost-cutting actions and product challenges, such as Novum. Moreover, key inflection points are not anticipated until 2026–2027, contributing to a balanced risk-reward outlook of the company in the near-term.
Baxter International Inc. is a global medtech company focused on essential healthcare products for hospitals, surgery, and critical care. The company operates through three main segments, including Medical Products and Therapies, Healthcare Systems and Technologies, and Pharmaceuticals.
2. DocuSign, Inc. (NASDAQ:DOCU)
Number of Hedge Fund Holders: 48
DocuSign, Inc. (NASDAQ:DOCU) is one of the Best Mid Cap Value Stocks to Buy in 2026. On March 18, UBS lowered the price target on DocuSign, Inc. (NASDAQ:DOCU) from $75 to $54, while maintaining a Neutral rating on the stock.
The firm highlighted in a research note that investors are waiting for the software application sector to rebound, as the stock is trading at 8 times its calendar year 2026 free cash flow. The firm also noted that the company has reported 8.2% revenue growth over the past 12-months, along with a profit margin of 79.4%. Moreover, the company sees the full-year 2027 outlook to experience a slight revenue deceleration to around 7%. UBS noted that most of DocuSign’s fiscal Q4 and January metrics were in line with the firm’s estimates.
UBS also noted that 7% growth rate is below the company’s long‑term target of more than 10% growth. The firm highlighted in its research note that the investor sentiment regarding the company is unlikely to change, which suggests that the market is yet to be convinced by DocuSign’s growth story.
DocuSign Inc. provides an electronic signature and digital transaction management platform that enables businesses to prepare, sign, act on, and manage agreements electronically. It also utilizes AI through its DocuSign Iris engine to enhance its Intelligent Agreement Management (IAM) platform.
1. Builders FirstSource, Inc. (NYSE:BLDR)
Number of Hedge Fund Holders: 74
Builders FirstSource, Inc. (NYSE:BLDR) is one of the Best Mid Cap Value Stocks to Buy in 2026. On March 16, Stifel analyst W. Andrew Carter lowered the firm’s price target on Builders FirstSource, Inc. (NYSE:BLDR) from $115 to $93 and maintained a Hold rating on the stock.
The analyst said in a research note that the firm maintains a positive long-term bias on the stock. However, the firm’s earnings estimates sit at the low end of company guidance. The analyst noted that he is approaching the required growth acceleration in the company’s outlook with caution, as it assumes flat single-family housing starts in 2026. Single-family housing is a key driver for the building products supplier amid ongoing housing market uncertainty.
Builders FirstSource, Inc. reported its fiscal Q4 2025 earnings on February 17 and also initiated fiscal 2026 guidance. During the fourth quarter, the company reported a 12.10% year-over-year decline in revenue to $3.36 billion, missing the estimates by $99.15 million. The EPS of $1.12 also missed estimates by $0.16. The revenue was down mainly due to lower core organic sales and commodity price deflation, partially offset by contributions from acquisitions.
The company expects fiscal 2026 net sales in the range of $14.8 billion to $15.8 billion and assumes flat single-family and multifamily starts with a 1% rise in repair and remodel activity. Adjusted EBITDA for the year is expected to be between $1.3 billion and $1.7 billion.
Builders FirstSource, Inc. is a leading supplier of building materials and services for professional builders in the residential construction and remodeling industry. It provides an integrated solution for homebuilding, offering products like lumber, trusses, windows, doors, siding, and insulation.
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