10 Most Undervalued Stocks Under $30 to Buy

Page 9 of 9

1. Pfizer Inc. (NYSE:PFE)

Pfizer Inc. (NYSE:PFE) is one of the most undervalued stocks under $30 to buy. On February 24, the US FDA granted full approval to Pfizer’s BRAFTOVI (encorafenib) in combination with cetuximab and fluorouracil-based chemotherapy for the first-line treatment of adults with BRAF V600E-mutant metastatic colorectal cancer/mCRC. This decision converts a previous accelerated approval into a full one, establishing the regimen as a new standard of care.

The update allows doctors to use BRAFTOVI alongside different chemotherapy options, such as mFOLFOX6 or FOLFIRI, providing more flexibility in treating this aggressive form of cancer. The approval is based on the Phase 3 BREAKWATER trial, which showed that the BRAFTOVI combination significantly improved patient outcomes compared to standard chemotherapy.

Data revealed a 51% reduction in the risk of death and a 47% reduction in the risk of disease progression. Patients receiving the BRAFTOVI and mFOLFOX6 combination saw their median overall survival double to 30.3 months, compared to 15.1 months for those on standard chemotherapy treatments. The safety profile of these combinations was consistent with previous studies of the individual drugs.

Pfizer Inc. (NYSE:PFE) discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products in the US and internationally.

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

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9