15 Best Cheap Stocks to Buy for 2026

6. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 70

Forward P/E: 9.06

Stock Upside Potential: 29.12%

Delta Air Lines, Inc. (NYSE:DAL) is one of the best cheap stocks to buy for 2026. On January 27, Delta Air Lines, Inc. (NYSE:DAL) announced plans to purchase 31 additional widebody aircraft from Airbus. The new acquisitions will be 16 A330-900neo jets and 15 A350-900s, and deliveries will commence in 2029.

The transaction comprises both a fresh incremental commitment and the conversion of 10 existing options into firm orders. Also, there will be an addition of 20 new options for potential future widebody acquisitions. And once these aircraft arrive, Delta’s count of A330-900s will reach 55 units, and the A350 collection will expand to 79.

Two weeks before this purchase, Delta placed a milestone order for 30 Boeing 787-10 Dreamliners. These will be the carrier’s first direct widebody purchase from Boeing since 2008; that is when they arrive starting in 2031.

In a different update, on January 14, Seaport Research lowered its price target on Delta stock to $88 from $89, while maintaining a Buy rating due to the current macro volatility in the market.

And in related analyst moves, UBS lowered its price target on Delta from $90 to $87 and kept a Buy rating. On the contrary, Argus increased its price target on the stock to $80 from $70 with a Buy rating.

Delta Air Lines, Inc. (NYSE:DAL) provides scheduled air transportation for passengers and cargo across domestic and international routes. It operates a global network through hubs in the United States and partnerships with international carriers. Its services include passenger flights, cargo logistics, and maintenance operations.