15 Most Undervalued NASDAQ Stocks to Buy According to Wall Street Analysts

13. Palomar Holdings Inc. (NASDAQ:PLMR)

Palomar Holdings Inc. (NASDAQ:PLMR) is one of the 15 Most Undervalued NASDAQ Stocks to Buy According to Wall Street Analysts.

JPMorgan, on February 23, slightly increased its target price on Palomar by 3.2% to $160 (from $155) and retained the firm’s Overweight call on the stock. The price increase occurred after the release of the company’s Q4 2025 results, prompting the firm to raise its forecasts. It also thinks that the stock’s selloff post-earnings (down as much as ~9%) is “not warranted.”

Palomar released its Q4 2025 earnings report on February 11, which showed diluted adjusted earnings per share growing 47% YoY to $2.24 and beating the street consensus of $2.09. The earnings beat was driven by rapid growth in gross insurance premiums written, which more than offset higher loss ratios. Investment income also grew rapidly, primarily due to an increase in investment assets held and supplemented by higher yields for the quarter.

Management also provided its guidance for 2026. They expect adjusted net income to settle within a range of $260 million and $275 million. The midpoint of this range would imply a 24% increase vs. 2025.

Palomar Holdings Inc. (NASDAQ:PLMR) is a specialty insurance company that provides property and casualty insurance products to both individuals and businesses. It specializes in earthquake insurance in earthquake-exposed states like California, Oregon, and Washington. The company is based in La Jolla, California, and was founded in February 2014 by Armstrong Mac and Fisher Heath.