14 Most Undervalued NASDAQ Stocks to Buy Now

Page 5 of 14

10. Keurig Dr Pepper Inc. (NASDAQ:KDP)

Forward P/E Ratio as of September 20: 12.44

Number of Hedge Fund Holders: 46

Keurig Dr Pepper Inc. (NASDAQ:KDP) ranks among the most undervalued NASDAQ stocks to buy now. On September 17, Piper Sandler maintained its Overweight rating on Keurig Dr Pepper Inc. (NASDAQ:KDP) but reduced its price target from $40 to $35. Following the acquisition of JDEP, Piper Sandler expressed worries regarding KDP’s post-acquisition leverage, which the firm predicts will result in the company’s pro-forma leverage reaching around 5.2x by the end of 2026 and then dropping to roughly 4.3x by the end of 2027.

Piper Sandler is still optimistic about Keurig Dr Pepper Inc. (NASDAQ:KDP) despite the price target cut, pointing out that the company boasts strong top-line momentum and leads opposing soda manufacturers in U.S. retail beverage channels. Additionally, the firm found that its third-quarter 2025 Ghost brand forecast could rise by almost $20 million.

Keurig Dr Pepper Inc. (NASDAQ:KDP), a 2018 merger, comprises well-known brands such as Dr Pepper, Canada Dry, Snapple, Keurig single-serve coffee pods, and Ghost energy drinks.

Page 5 of 14