5 Best Affordable Blue Chip Stocks to Buy Now

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1. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Share Price as of April 17: $20.45

Forward P/E Ratio: 7.79

Topping our list of the Best Affordable Blue Chip Stocks is Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), one of the largest oil and gas producers in the world. The Brazilian company is mainly dedicated to exploration and production, refining, energy generation, and marketing.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) received a boost on April 17 when BofA upgraded the stock from ‘Neutral’ to ‘Buy’, while also raising its price target from $18.70 to $24.80. The revised target, which indicates an upside of over 21% from the current levels, comes as the analyst firm incorporated its higher oil price deck into its model.

The oil and gas sector has posted a strong performance so far this year, driven primarily by soaring prices amid the Middle East conflict. However, the firm still sees an “appealing” dividend yield for 2026-27, even with many operators putting more cash into their capital expenditures.

With a robust annual dividend yield of 5.80%, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was recently included in our list of the 15 Best High Yield Energy Stocks to Buy Right Now.

While we acknowledge the potential of PBR as an investment, 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 PBR and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Most Undervalued Natural Gas Stocks to Buy Now and 15 Best Blue Chip Stocks to Buy Now

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