In this article, we will look at the 12 Ridiculously Cheap Stocks to Buy According to Analysts.
On September 25, Katie Stockton, founder and managing partner of Fairlead Strategies, joined CNBC for an interview to discuss the latest market signals to watch. She noted that some investors are considering shorting the stocks, as the market is at an all-time high. She cautioned against shorting markets, noting that the positive momentum and the lack of resistance could make shorting very difficult.
Moreover, the VIX index has been stabilizing and recently moved above its 50-day moving average, inching closer to the 200-day moving average. Stockton highlighted that if it surpasses this level, it could serve as a risk indicator for the S&P 500. She also highlighted that overall mega-cap stocks remain balanced, with Nvidia and Microsoft showing some divergence, while Tesla and Alphabet have made gains.
She emphasized that all-time highs do not necessarily mean a pull-back is imminent. Rather, Stockton sees overbought conditions, especially in AI-related stocks, as a reflection of momentum rather than an immediate downturn signal. She noted that a pull-back in October usually happens and is a good reset for the markets. Stockton remains bullish on the market and advises watching technical signals closely.
With that, let’s take a look at the 12 ridiculously cheap stocks to buy according to analysts.
Our Methodology
To curate the list of 12 ridiculously cheap stocks to buy according to analysts, we used the Finviz Stock Screener, Seeking Alpha, and CNN as our sources. Using the screener, we aggregated a list of cheap stocks (trading under the FWD P/E of 15) for which analysts expect more than 25% upside. Next, we cross-checked the FWD P/E from Seeking Alpha and the analyst upside from CNN. Lastly, we ranked the stocks in ascending order of the analyst upside potential. We have also added the number of hedge fund holders sourced from Insider Monkey’s Q2 2025 database.
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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
12 Ridiculously Cheap Stocks to Buy According to Analysts
12. Diamondback Energy, Inc. (NASDAQ:FANG)
Forward P/E Ratio: 10.84
Number of Hedge Fund Holders: 46
Analyst Upside Potential: 29.65%
Diamondback Energy, Inc. (NASDAQ:FANG) is one of the Ridiculously Cheap Stocks to Buy According to Analysts. On September 2, Diamondback Energy, Inc. (NASDAQ:FANG) announced selling its 27.5% stake in EPIC Crude Holdings to Plains All American Pipeline for about $500 million upfront in cash.
Management noted that in addition to $500 million, there is also up to $96 million in additional contingent payments if EPIC Crude approves a capacity expansion by the end of 2027. The deal values EPIC Crude at $2.85 billion upfront, with a total potential value, including the contingency, of about $3.2 billion. The transaction is expected to close by early 2026 after regulatory review.
Wall Street has been bullish on Diamondback Energy, Inc. (NASDAQ:FANG) since the announcement. On September 4, Arun Jayaram from J.P. Morgan reiterated a Buy rating on the stock while raising the price target from $164 to $167. More recently, on September 12, Gabriele Sorbara from Siebert Williams Securities also reiterated a Buy rating on the stock with a price target of $180.
Diamondback Energy, Inc. (NASDAQ:FANG) is an independent oil and natural gas company that focuses on exploring, acquiring, and developing onshore unconventional reserves in the Permian Basin, West Texas.
11. Schlumberger Limited (NYSE:SLB)
Forward P/E Ratio: 11.71
Number of Hedge Fund Holders: 63
Analyst Upside Potential: 29.72%
Schlumberger Limited (NYSE:SLB) is one of the Ridiculously Cheap Stocks to Buy According to Analysts. On September 23, Schlumberger Limited (NYSE:SLB) announced its agreement to acquire RESMAN Energy Technology, which is a leader in wireless reservoir surveillance solutions.
The company’s advanced chemical tracers track water, gas, oil, and CO2 in reservoirs with extreme precision and detect fluids at parts-per-trillion levels. This helps operators monitor reservoir flow and well performance without disrupting production.
Management noted that RESMAN’s tracers can be integrated with completion equipment to identify zones producing unwanted fluids. This will enable more targeted well interventions, extend well life, and improve production efficiency. Moreover, operators will still have the freedom to choose their preferred vendor for completion hardware.
Management also highlighted that combining RESMAN’s cutting-edge tracer tech with Schlumberger Limited (NYSE:SLB)’s sampling, analysis, and digital workflows will give customers faster and more accurate insights. Thereby, supporting smarter, data-driven decisions to optimize production and recovery in both traditional oil and gas and emerging energy transition areas.
The acquisition is expected to close in early 2026 and is pending closing conditions.
Schlumberger Limited (NYSE:SLB) is a global technology company serving the oil and gas industry. The company operates in four main segments, including Digital & Integration, Reservoir Performance, Well Construction, and Production Systems.
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