On February 25, Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, joined ‘Closing Bell’ on CNBC to discuss reasons to be bullish. Reacting to reports that President Trump intends to announce further tax cuts, and despite concerns regarding the national deficit, Rieder explained that he is not surprised by initiatives aimed at maintaining economic momentum. He argued that fostering a hotter economy through tax incentives and deregulation is essential, as growth is the primary way to diffuse national debt. He emphasized the role of the Fed in this economic strategy and stated that he believes that the Fed needs to cut rates to moderate levels to support this growth-oriented environment.
Talking about whether the market is overreacting to the current angst surrounding AI spending, Rieder described the current market as one of the most fascinating yet challenging he has encountered. He suggested that humility is a vital tool for investors today, as various industries undergo rapid reevaluations. While he acknowledged that large market caps can shrink significantly as business models change, he remains generally optimistic, predicting that the economy will grow well above 5% nominal this year and that earnings growth will be solid. Additionally, he pointed out a significant technical condition that has changed: for the past few years, immense stock buybacks from hyperscalers provided a reliable backbone of support during market pressure.
That being said, we’re here with a list of the 10 most undervalued stocks under $30 to buy.
Our Methodology
We used screeners to identify stocks that are trading below a forward P/E of 15 and also below $30 per share. We 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.
Note: All data was sourced on February 26.
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 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10 Most Undervalued Stocks Under $30 to Buy
10. Plains GP Holdings (NASDAQ:PAGP)
Plains GP Holdings (NASDAQ:PAGP) is one of the most undervalued stocks under $30 to buy. On February 6, Plains GP reported a solid financial performance for 2025, achieving a Q4 adjusted EBITDA of $738 million and a full-year total of $2.833 billion. The company is currently undergoing a strategic transformation into a pure-play crude oil midstream provider, highlighted by the pending divestiture of its Canadian NGL business to Keyera Corp and the recent acquisition of the Cactus III pipeline.
While the NGL segment faced seasonal volatility due to warm weather, the crude oil segment remained a primary driver of stability, contributing $611 million to the final quarter’s EBITDA. For 2026, the company has set an adjusted EBITDA guidance midpoint of $2.75 billion, which accounts for the anticipated closing of the NGL sale by the end of Q1.
Management is focusing on self-help growth through efficiency initiatives aimed at $100 million in annual cost savings by 2027, with half of that targeted for 2026. Despite expectations for relatively flat Permian Basin production in the coming year, Plains GP Holdings (NASDAQ:PAGP) plans to invest ~$350 million in growth capital to integrate recent acquisitions and enhance connection programs, positioning itself for a resumption of production growth in 2027.
Plains GP Holdings (NASDAQ:PAGP), through its subsidiary, Plains All American Pipeline, owns and operates midstream infrastructure systems in the US and Canada. The company operates in two segments: Crude Oil and Natural Gas Liquids/NGLs.
9. HP Inc. (NYSE:HPQ)
HP Inc. (NYSE:HPQ) is one of the most undervalued stocks under $30 to buy. On February 24, HP reported a 7% year-over-year increase in revenue for FQ1 2026, reaching $14.4 billion. This growth was primarily fueled by the Personal Systems segment. The segment saw an 11% revenue jump and 12% unit growth, driven by a Windows 11 refresh cycle and the rising adoption of AI PCs, now accounting for over 35% of shipments. While the company achieved a non-GAAP EPS of $0.81, hitting the top of its guidance range, it faced a 2% decline in its Print segment revenue due to lower supply volumes and hardware demand.
HP is navigating significant headwinds from rising input costs, particularly for DRAM and NAND memory. These costs have surged to ~35% of the PC bill of materials, up from historical levels of 15% to 18%. Consequently, management warned that Personal Systems’ operating margins will likely remain below long-term targets for the rest of the year. To mitigate these pressures, the company is implementing pricing actions and utilizing long-term supply agreements, though it expects a volatile environment to persist into FY2027.
HP Inc. (NYSE:HPQ) maintained its full-year guidance but expects to land at the lower end of its $2.90 to $3.20 non-GAAP EPS range and its $2.8 to $3.0 billion free cash flow target. While enterprise demand remains robust in Europe and Asia, the company anticipates a double-digit decline in the TAM for PC units in CY2026 as industry-wide pricing adjustments impact consumer demand.
HP Inc. (NYSE:HPQ) provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the US and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments.
