12 Best Very Cheap Stocks to Buy in 2026

8. American International Group, Inc. (NYSE:AIG)

Forward P/E: 8.88

On March 5, Goldman Sachs upgraded American International Group, Inc. (NYSE:AIG) to Buy from Neutral and raised its price target to $90 from $83, implying roughly 16% total return potential. The firm noted that AIG offers industry-leading earnings growth prospects and an improving return on equity over the coming years. According to the analyst, while the company remains exposed to cyclical pressures affecting the broader insurance market, its earnings outlook is supported by strong underwriting performance, value-accretive transactions that enhance operating leverage, and a flexible capital structure that enables continued investment and shareholder returns. Goldman Sachs also believes the stock’s valuation appears attractive at current levels relative to peers.

On February 17, Cantor Fitzgerald raised its price target on American International Group, Inc. (NYSE:AIG) to $81 from $77 while maintaining a Neutral rating. The firm noted that insurance stocks experienced a volatile trading period as brokerage firms and insurers sold off amid concerns that artificial intelligence could potentially disrupt traditional insurance distribution channels. Despite these fears, analysts suggested the industry’s long-term outlook remains supported by underwriting discipline and steady demand for risk management services.

American International Group, Inc. (NYSE:AIG) is a global insurance organization headquartered in New York and founded in 1919. The company provides property-casualty insurance, life insurance, and retirement solutions to individuals and businesses across more than 200 countries and jurisdictions. AIG is known for offering specialized coverage for complex risks and high-net-worth clients while maintaining a large global commercial insurance platform.