Earlier on September 24, Victoria Greene, CIO at G Squared Private Wealth, appeared on a CNBC discussion. Greene addressed that Jay Powell’s comment that markets might be overvalued is akin to saying the sky is blue and water is wet, because everyone knows nothing’s cheap right now. He argued that this doesn’t mean the uptrend can’t persist. He suggested the market was reacting more to Powell saying there are dual risks out there, and no risk-free path for the Fed as they fight both inflation and a weakening labor market. When asked about his firm’s current investment plan, Greene confirmed that they are looking beyond exclusively AI and investing in the broadening of the market.
On September 22, Robert Teeter, Chief Investment Strategist at Silvercrest Asset Management, appeared on CNBC to talk about the upside for the market during the current calendar year following the Fed rate cut, and if this upside will extend into next year. Teeter identified two major catalysts currently at play. The first is the Fed rate cut, with expectations of more to come, which he believes should extend the economic cycle. The second is earnings, which have been strong last quarter, with expectations for more of the same this quarter. He noted that the earnings strength is partially built on a long-term theme around expanding margins. When advising clients on where to put money for the most upside through the end of the year, Teeter said the two areas that look particularly compelling are at opposite ends of the spectrum. The first area is large-cap tech and growth, which he expects to continue based on fundamentals due to potential for more margin expansion and some valuation support. The second area is small-cap stocks, as the market has started to see a broadening.
That being said, we’re here with a list of the 14 most undervalued large cap stocks to buy right now.
Our Methodology
We sifted through the Finviz stock screener to compile a list of large-cap stocks that were trading between $10 billion and $200 billion. From that, we shortlisted stocks that had a forward P/E ratio under 15. We then selected the 14 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q2 2025.
Note: All data was sourced on October 28.
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).
14 Most Undervalued Large Cap Stocks to Buy Right Now
14. Qualcomm Incorporated (NASDAQ:QCOM)
Forward P/E Ratio as of October 28: 13.95
Market Capitalization as of October 28: $196.00 billion
Number of Hedge Fund Holders: 76
Qualcomm Incorporated (NASDAQ:QCOM) is one of the most undervalued large cap stocks to buy right now. On October 27, HUMAIN, which is a PIF company, and Qualcomm announced a transformative collaboration to deploy advanced AI infrastructure in Saudi Arabia. The initiative aims to establish the Kingdom as a global hub for AI. The program will offer global AI inferencing services and is touted as the world’s first fully optimized edge-to-cloud hybrid AI solution.
HUMAIN is targeting the deployment of 200 megawatts of Qualcomm AI200 and AI250 rack solutions starting in 2026. This infrastructure is intended to deliver high-performance AI inference services both within the Kingdom of Saudi Arabia and globally for enterprises and government organizations to use AI at scale with industry-leading performance per Total Cost of Ownership.
This initiative will advance Saudi Arabia’s technology ecosystem by combining HUMAIN’s regional infrastructure and full AI stack expertise with Qualcomm Technologies’ leadership in AI and semiconductor innovation.
Qualcomm Incorporated (NASDAQ:QCOM) develops and commercializes foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies/QCT, Qualcomm Technology Licensing/QTL, and Qualcomm Strategic Initiatives/QSI.
13. United Airlines Holdings Inc. (NASDAQ:UAL)
Forward P/E Ratio as of October 28: 7.09
Market Capitalization as of October 28: $31.60 billion
Number of Hedge Fund Holders: 76
United Airlines Holdings Inc. (NASDAQ:UAL) is one of the most undervalued large cap stocks to buy right now. On October 20, TD Cowen raised the price target on United Airlines to $138 from $127 and kept a Buy rating on the shares as part of an update on the estimates following its Q3 2025 results, Q4 2025 guidance, and management’s long-term sentiment.
TD Cowen revised its outlook on the company as the divergence in the post-COVID airline industry stabilizes. United Airlines Holdings is well-positioned to benefit from its UnitedNext strategy. The strategy is an enterprise-wide plan by the company to modernize its fleet, expand its network, and improve customer experience.
Management at United Airlines Holdings projects that this strategy will lead to one percentage point of annual margin expansion through the end of the current decade. TD Cowen analysts suggested there is potential for upside to these margin expansion projections.
On the same day, JPMorgan also raised the firm’s price target on United Airlines to $156 from $149 with an Overweight rating.
United Airlines Holdings Inc. (NASDAQ:UAL), through its subsidiaries, provides air transportation services in the United States, Canada, the Atlantic, the Pacific, and Latin America.
12. PG&E Corporation (NYSE:PCG)
Forward P/E Ratio as of October 28: 9.62
Market Capitalization as of October 28: $35.54 billion
Number of Hedge Fund Holders: 77
PG&E Corporation (NYSE:PCG) is one of the most undervalued large cap stocks to buy right now. On October 28, Wells Fargo initiated coverage on PG&E with an Overweight rating and $23 price target. Wells Fargo maintains a highly favorable view of the company and designates it as one of its deepest value-regulated buys. The firm stated in a research note that the company has done all the right things in 2025.
Earlier on October 22, Morgan Stanley raised the firm’s price target on PG&E to $21 from $19.50 with an Equal Weight rating on the shares as part of a broader update on the price targets for Regulated & Diversified Utilities/IPPs in North America under its coverage. Utilities outperformed the S&P 500 in September. Moving into Q3, the firm expects utilities to focus on the developing data center pipelines.
PG&E Corporation (NYSE:PCG), through its subsidiary, Pacific Gas & Electric Company, sells and delivers electricity and natural gas to customers in northern and central California, the US.
11. The Cigna Group (NYSE:CI)
Forward P/E Ratio as of October 28: 9.14
Market Capitalization as of October 28: $82.56 billion
Number of Hedge Fund Holders: 80
The Cigna Group (NYSE:CI) is one of the most undervalued large cap stocks to buy right now. On October 28, Andrew Mok CFA from Barclays maintained a Buy rating on Cigna, with a price target of $383.00.
Earlier on October 14, Goldman Sachs analyst Scott Fidel initiated coverage of Cigna with a Buy rating and $370 price target. The firm noted that the managed care industry is currently experiencing its most substantial underwriting downturn in over 15 years and recommends investors increase their exposure to the Medicare Advantage segment, projecting that a margin recovery phase will begin in 2026.
In other news, on October 27, Evernorth, the health services division of The Cigna Group, announced a new era of pharmacy benefit services to lower Americans’ medication costs, improve transparency, and better support local pharmacies. This initiative follows an earlier call by President Trump to address high brand-name drug costs and builds on Evernorth’s track record of innovation, which has already helped the US achieve the lowest prices for generics, which account for 90% of all prescriptions.
The Cigna Group (NYSE:CI), together with its subsidiaries, provides insurance and related products and services in the US.
10. Comcast Corporation (NASDAQ:CMCSA)
Forward P/E Ratio as of October 28: 6.93
Market Capitalization as of October 28: $107.90 billion
Number of Hedge Fund Holders: 82
Comcast Corporation (NASDAQ:CMCSA) is one of the most undervalued large cap stocks to buy right now. On October 28, Bernstein analyst Laurent Yoon maintained a Hold rating on Comcast with a price target of $36.00.
In other news, a day prior, on October 27, Comcast announced an expansion of its NOW TV Latino service, positioning it as an enhanced value option for Spanish-language live TV and streaming. The expansion delivers even more Spanish-language and bilingual entertainment to Xfinity Internet customers by adding Univision, ViX Premium with Ads, and over 100 more streaming channels.
Earlier on October 23, Kutgun Maral from Evercore ISI also maintained a Buy rating on Comcast, with a price target of $40.00.
Comcast Corporation (NASDAQ:CMCSA) operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments.
9. Pfizer Inc. (NYSE:PFE)
Forward P/E Ratio as of October 28: 8.67
Market Capitalization as of October 28: $139.62 billion
Number of Hedge Fund Holders: 83
Pfizer Inc. (NYSE:PFE) is one of the most undervalued large cap stocks to buy right now. On October 24, Pfizer Singapore and BioNTech (NASDAQ:BNTX) announced that the Health Sciences Authority/HSA of Singapore approved their LP.8.1-adapted monovalent COVID-19 vaccine (COMIRNATY LP.8.1; COVID-19 Vaccine, mRNA).
The approval makes Singapore the first country in Southeast Asia to fully approve the latest COVID-19 vaccine for use in individuals 6 months of age and older. The LP.8.1 sublineage was chosen based on guidance from the US FDA, EMA, and WHO, which stated that LP.8.1 is the preferred sublineage for a monovalent JN.1-lineage-based COVID-19 vaccine for the US beginning in fall 2025.
The updated COVID-19 vaccine is expected to be available in Singapore at selected polyclinics and private general practitioner clinics starting in October 2025. Under Singapore’s comprehensive National Vaccination Programme/NVP, the COVID-19 vaccine remains free of charge for all Singapore Citizens, Permanent Residents, Long-Term Pass Holders, and certain Short-Term Pass holders.
Pfizer Inc. (NYSE:PFE) discovers, develops, manufactures, markets, distributes, and sells biopharmaceutical products in the US and internationally.
BioNTech (NASDAQ:BNTX) is a biotech company that develops and commercializes immunotherapies to treat cancer and infectious diseases in Germany.
8. AT&T Inc. (NYSE:T)
Forward P/E Ratio as of October 28: 12.11
Market Capitalization as of October 28: $182.98 billion
Number of Hedge Fund Holders: 83
AT&T Inc. (NYSE:T) is one of the most undervalued large cap stocks to buy right now. On October 23, Barclays analyst Kannan Venkateshwar lowered the firm’s price target on AT&T to $28 from $30 and kept an Equal Weight rating as the company’s Q3 results and commentary confirm Barclays’ concerns regarding shifts in the industry’s growth trajectory.
On the same day, Brandon Nispel from KeyBanc maintained a Hold rating on AT&T without setting a price target on the company’s shares.
Later on October 24, AT&T announced the launch of Connectopia at the Intuit Dome. Connectopia is the first immersive, AI-driven world-building experience designed exclusively for the AT&T Deck at the arena. Powered by AT&T Fiber and 5G, the activation combines innovative technology and 8K visuals to create cinematic worlds locally and in real time. The technology features the world’s first interactive AI experience that creates these 8K worlds and is built on a future-ready, dynamic platform.
AT&T Inc. (NYSE:T) provides telecommunications and technology services worldwide. The company operates through two segments: Communications and Latin America.
7. PayPal Holdings Inc. (NASDAQ:PYPL)
Forward P/E Ratio as of October 28: 11.89
Market Capitalization as of October 28: $72.99 billion
Number of Hedge Fund Holders: 89
PayPal Holdings Inc. (NASDAQ:PYPL) is one of the most undervalued large cap stocks to buy right now. On October 28, PayPal launched new agentic commerce services, which are a suite of solutions built on its existing infrastructure to help merchants attract customers and succeed in the emerging era of AI-driven shopping. The announcement introduces the first wave of commerce capabilities designed to operate within the world of AI.
These new services use PayPal’s trusted payments infrastructure, identity verification, and buyer protection features. PayPal’s initial agentic commerce services will include two primary offerings: an agentic payment solution and a catalog and order management offering. These services aim to seamlessly connect merchants’ product data, inventory, and fulfillment with AI-driven discovery and checkout experiences.
PayPal is building these capabilities using an open approach that supports leading payments protocols and AI platforms, giving merchants the flexibility to integrate across multiple AI ecosystems, such as the AI platform Perplexity, through a single integration.
PayPal Holdings Inc. (NASDAQ:PYPL) operates a technology platform that enables digital payments for merchants and consumers worldwide.
6. Expand Energy Corporation (NASDAQ:EXE)
Forward P/E Ratio as of October 28: 10.04
Market Capitalization as of October 28: $24.31 billion
Number of Hedge Fund Holders: 93
Expand Energy Corporation (NASDAQ:EXE) is one of the most undervalued large cap stocks to buy right now. On October 29, Siebert Williams Shank & Co. maintained a Buy rating on Expand Energy, with a price target of $132.00.
Earlier on October 17, Wells Fargo analyst Sam Margolin took over coverage of Natural Gas E&P stocks, including Expand Energy, with an Equal Weight rating and $120 price target. The analyst projects that the US gas markets are likely to experience a structural change over the next decade, which is expected to lift the price floor. The growing demand in the US gas market comes from increased LNG exports and the power draw from new data centers.
Additionally, on October 15, William Blair analyst Neal Dingmann initiated coverage of Expand Energy with an Outperform rating but no price target. This sentiment came out as the firm believes that the company possesses the necessary portfolio, capital, and finances to address the increasing demand for LNG, data center power, and other natural gas uses.
Expand Energy Corporation (NASDAQ:EXE) operates as an independent natural gas production company in the US. The company acquires, explores, and develops properties to produce oil, natural gas, and natural gas liquids.
5. Fiserv Inc. (NYSE:FI)
Forward P/E Ratio as of October 28: 10.60
Market Capitalization as of October 28: $69.35 billion
Number of Hedge Fund Holders: 94
Fiserv Inc. (NYSE:FI) is one of the most undervalued large cap stocks to buy right now. On October 28, Mizuho lowered the price target on Fiserv to $145 from $165 and kept an Outperform rating on the shares as part of an earnings preview. The firm considers the company’s organic sales guidance for Q3 2025 of 10% to be overly optimistic and believes that the company is likely to fall short of this prior guidance.
Earlier on October 24, Truist also lowered the firm’s price target on Fiserv to $143 from $170 with a Buy rating on the shares as part of an earnings review in the Payments and FinTech sector. Truist believes that the overall Q3 results for the sector should be strong due to sustained consumer spending. However, the Q4 guidance for certain companies might be worse than Wall Street expectations.
Fiserv Inc. (NYSE:FI) provides payments and financial services technology solutions in the US, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally.
4. EQT Corporation (NYSE:EQT)
Forward P/E Ratio as of October 28: 13.50
Market Capitalization as of October 28: $32.82 billion
Number of Hedge Fund Holders: 96
EQT Corporation (NYSE:EQT) is one of the most undervalued large cap stocks to buy right now. On October 28, Mizuho Securities analyst Nitin Kumar maintained a Buy rating on EQT with a price target of $60.00.
Earlier, on October 15, William Blair initiated coverage of EQT Corporation with an Outperform rating but no price target. The firm characterizes EQT as the only domestic and vertically integrated natural gas producer operating with a low-cost structure and holding decades of core inventory. The analyst at William Blair believes that the company’s infrastructure and investment-grade rating position it to generate free cash flow of over $700 million at natural gas prices exceeding $4 per unit.
On the same day, Roth MKM analyst Leo Mariani maintained a Hold rating on the company and set a price target of $57.00.
EQT Corporation (NYSE:EQT) produces, gathers, and transmits natural gas. The company sells natural gas and natural gas liquids to marketers, utilities, and industrial customers located in the Appalachian Basin.
3. The Progressive Corporation (NYSE:PGR)
Forward P/E Ratio as of October 28: 13.72
Market Capitalization as of October 28: $125.89 billion
Number of Hedge Fund Holders: 99
The Progressive Corporation (NYSE:PGR) is one of the most undervalued large cap stocks to buy right now. On October 28, Goldman Sachs analyst Robert Cox lowered the firm’s price target on Progressive to $245 from $276, while maintaining a Buy rating on the shares. Goldman Sachs believes that the Personal Auto premium-per-policy is projected to decline by about 3% over the next 2 years. However, the firm noted that stability in state insurance filings should help moderate the pace of this decline.
Additionally, on October 20, Barclays analyst Alex Scott also lowered the firm’s price target on Progressive to $257 from $271 with an Equal Weight rating on the shares following the company’s Q3 2025 report.
On the same day, Morgan Stanley also downgraded Progressive to Underweight from Equal Weight, while cutting its price target to $214, down from $265. Morgan Stanley believes that the bull case for Progressive becomes less visible once the performance of its operations in Florida is excluded.
The Progressive Corporation (NYSE:PGR) operates as an insurance company in the US. The company writes insurance for personal autos & special lines products like motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners & renters.
2. Citigroup Inc. (NYSE:C)
Forward P/E Ratio as of October 28: 14.38
Market Capitalization as of October 28: $184.99 billion
Number of Hedge Fund Holders: 102
Citigroup Inc. (NYSE:C) is one of the most undervalued large cap stocks to buy right now. On October 27, the Wall Street bank Citi and the crypto exchange Coinbase Global Inc. (NASDAQ:COIN) announced a collaboration to boost digital-asset payment capabilities for Citi’s institutional clients. The partnership is designed to improve the orchestration of payments to better bridge traditional finance with crypto on- and off-ramps.
The companies project that this collaboration will result in smoother money transfers that are accessible 24/7 for Citi’s clients. Debopama Sen, the head of payments & services at Citi, stated that collaborating with Coinbase is a natural extension of Citi’s network of networks approach, given the bank’s operation of 300+ payment clearing networks across 94 markets globally.
Earlier in October 2025, Biswarup Chatterjee, Citi’s global head of partnerships and innovation, told CNBC that the bank was preparing to launch crypto custody services in 2026. Chatterjee expressed hope that the bank could come to market with a credible custody solution for asset managers and other clients in the next few quarters.
Citigroup Inc. (NYSE:C) is a diversified financial service holding company that provides various financial products and services to consumers, corporations, governments, and institutions.
Coinbase Global Inc. (NASDAQ:COIN) operates a platform for crypto assets in the US and internationally.
1. Capital One Financial Corporation (NYSE:COF)
Forward P/E Ratio as of October 28: 10.86
Market Capitalization as of October 28: $141.35 billion
Number of Hedge Fund Holders: 132
Capital One Financial Corporation (NYSE:COF) is one of the most undervalued large cap stocks to buy right now. On October 27, Jefferies analyst John Hecht maintained a Buy rating on Capital One Financial with a price target of $265.00.
Earlier on October 22, Baird analyst David George raised the firm’s price target on Capital One to $270 from $245 and maintained an Outperform rating on the shares as part of the update on its model following Q3 2025 results, where core PPNR/Credit was solid. The authorization of a $16 billion share repurchase program added to Baird’s bullish outlook.
On the same day, JPMorgan also raised the price target on Capital One to $237 from $235 with a Neutral rating on the shares following the Q3 report.
Capital One Financial Corporation (NYSE:COF) operates as the financial services holding company for Capital One, National Association, which provides various financial products and services in the US, Canada, and the UK.
While we acknowledge the potential of COF 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 COF and that has 100x upside potential, check out our report about this cheapest AI stock.
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