12 Cheap Blue Chip Stocks to Buy According to Wall Street Analysts 

8. Capital One Financial Corporation (NYSE:COF)

Analyst Upside: 29.03%

Capital One Financial Corporation (NYSE:COF) is one of the top cheap blue chip stocks to buy according to Wall Street analysts. UBS lifted the price target on Capital One Financial Corporation (NYSE:COF) to $275 from $270 on July 7 and maintained a Buy rating on the shares. The stock also received a rating update from BTIG on June 30, with the firm lifting the price target on the stock to $259 from $224 while maintaining a Buy rating on the shares.

The firm told investors in a research note that it updated estimates and targets in the specialty finance group ahead of the fiscal Q2 earnings season, and added that the new price targets show where BTIG thinks the shares will be valued in June 2027. The firm believes that for many of the names, earnings power “should improve significantly,” especially as consumer inflation uncertainty and the path of the Federal Reserve funds rates ease. Capital One Financial Corporation (NYSE:COF) was also initiated with an Overweight rating by Piper Sandler on June 29, with the firm setting a price target of $254 for the stock.

Capital One Financial Corporation (NYSE:COF) is a financial holding company that provides financial products and services, with its operations divided into the following segments: Credit Card, Consumer Banking, and Commercial Banking.