10 Best Undervalued Stocks to Buy Under $100

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​6. Altria Group, Inc. (NYSE:MO)

Price: $72.79

Fwd P/E Ratio: 12.96

Number of Hedge Fund Holders: 59

​Altria Group, Inc. (NYSE:MO) is one of the Best Undervalued Stocks to Buy Under $100. On May 4, Damian McNeela from Deutsche Bank reiterated a Hold rating on Altria Group, Inc. (NYSE:MO) and raised the price target on the stock from $60 to $66. Earlier, on May 1, Morgan Stanley raised its price target on the stock from $62 to $71, while maintaining an Equal Weight rating.

​The ratings follow the company’s fiscal Q1 2026 earnings reported on April 30. During the quarter, the company posted $4.76 billion in revenue, up 5.29% year-over-year and ahead of expectations by $180.45 million. Moreover, the GAAP EPS of $1.30 also topped expectations by $0.06. Management noted that the company’s smokeable products segment generated strong income growth, and the Marlboro brand maintains its position in the premium segment. The company also maintained its full-year guidance of diluted EPS in the range of $5.56 to $5.72, representing a growth rate of 2.5% to 5.5% from a base of $5.42 in 2025.

​Following the release, Morgan Stanley raised its fiscal 2026-27 earnings per share estimates by approximately 2.5%, and Deutsche Bank cited improved smokeable products performance as a reason behind the improved price target.

​Altria Group, Inc. (NYSE:MO) is a prominent American company that produces and markets tobacco, cigarettes, and related products globally. The firm has also ventured into next-generation nicotine products, such as oral nicotine pouches and electronic vaping devices.

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

Click to continue reading and see the 5 Best Undervalued Stocks to Buy Under $100.

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