In this article, we are going to look at the 5 Best Undervalued Stocks to Buy According to the Financial Media. For a longer list and more details on how we picked these stocks, you can go to 12 Best Undervalued Stocks to Buy According to the Financial Media.
5. Apollo Global Management, Inc. (NYSE:APO)
Forward P/E: ~14.2x
Number of Hedge Fund Holders: 81
Apollo Global Management, Inc. (NYSE:APO) is one of the Best Undervalued Stocks to Buy According to the Financial Media. Piper Sandler lifted its price objective on the company’s stock to $157 from $146 and kept an “Overweight” rating on the shares after the Q1 results. Apollo Global Management, Inc. (NYSE:APO) surpassed expectations and reaffirmed its 2026 guidance. The higher multiple is backed by peer multiple expansion and the firm’s expectation that the company is one of the best-placed alternatives in the broader space.
Apollo Global Management, Inc. (NYSE:APO)’s Q1 2026 results demonstrate a robust tone for the year, with record fee-related earnings, and AUM crossing $1 trillion. The company’s FRE came in at $728 million, reflecting YoY growth of 30%, thanks to the record quarterly fee-related revenue and margin expansion. Furthermore, the SRE of $719 million was aided by healthy organic growth trends. Together, FRE and SRE came in at $1.4 billion in Q1 2026, demonstrating the strength of combined earnings streams.
Apollo Global Management, Inc. (NYSE:APO) is a private equity firm, which specializes in investments across credit, private equity, infrastructure, secondaries, and real estate markets.
4. The Progressive Corporation (NYSE:PGR)
Forward P/E: ~11.9x
Number of Hedge Fund Holders: 82
The Progressive Corporation (NYSE:PGR) is one of the Best Undervalued Stocks to Buy According to the Financial Media. On May 20, BMO Capital reduced its price objective on the company’s stock to $220 from $221.00, while maintaining a “Market Perform” rating. The analyst’s rating is backed by factors associated with The Progressive Corporation (NYSE:PGR)’s fundamentals and valuation. The analyst marginally lifted the 2026 and 2027 EPS forecasts, thanks to stronger net investment income, an increase in share repurchases, and the favorable near-term loss ratio trajectory after the underwriting outperformance.
That being said, the analyst also noted the factors capping the upside. These include softer policy-in-force growth, less favorable seasonal revenue patterns, as well as pressure on the auto insurance pricing.
On May 20, The Progressive Corporation (NYSE:PGR) released its results for the month ended April 30, 2026, with net premiums written coming at $7,278 million, reflecting 6% YoY growth. Furthermore, net premiums earned saw an increase of 7% YoY to $7,112 million.
The Progressive Corporation (NYSE:PGR) operates as an insurance company.
3. Elevance Health, Inc. (NYSE:ELV)
Forward P/E: ~14.6x
Number of Hedge Fund Holders: 87
Elevance Health, Inc. (NYSE:ELV) is one of the Best Undervalued Stocks to Buy According to the Financial Media. On May 19, Evercore ISI added the company to its Tactical Outperform list for Q2, noting that Elevance Health, Inc. (NYSE:ELV) is expected to see strong upside in EPS this year, provided current trends hold or improve.
That being said, the analyst did not upgrade the shares. This is because the firm is concerned about the potential for Medicaid to encounter some headwinds in 2027 from OBBBA work requirements, added the analyst. The firm has an “In Line” rating and a price objective of $360.
Notably, Elevance Health, Inc. (NYSE:ELV)’s Q1 2026 results surpassed expectations, demonstrating underlying business strength and improving claims experience. The company’s operating revenue came in at $49.5 billion in Q1 2026, implying a $0.7 billion or 1.5% rise versus Q1 2025. This was because of increased premium yields in the Health Benefits segment and growth in CarelonRx product revenue.
Elevance Health, Inc. (NYSE:ELV) operates as a health benefits company.
2. Salesforce, Inc. (NYSE:CRM)
Forward P/E: ~13.3x
Number of Hedge Fund Holders: 101
Salesforce, Inc. (NYSE:CRM) is one of the Best Undervalued Stocks to Buy According to the Financial Media. On May 28, BMO Capital reduced its price objective on the company’s stock to $215 from $225, while keeping an “Outperform” rating on the shares. This comes after the company reported its Q1 earnings. As per the analyst, its results and guidance will not be enough to convince bears or bulls to change their respective positions, amidst the limited changes to growth expectations for FY 2027 top-line.
The firm highlighted that investors will look for evidence of improvement in revenue growth and sustainability, and wait before they become more optimistic about Salesforce, Inc. (NYSE:CRM)’s stock. That being said, the firm noted the potential for improvement in revenue growth.
Salesforce, Inc. (NYSE:CRM) reported revenue of $11.1 billion in Q1 2027, reflecting an increase of 13% YoY and 12% in constant currency, which includes $444 million of Informatica contribution. Notably, the current remaining performance obligation amounted to $33.6 billion, reflecting 14% YoY growth and 13% in constant currency.
1. Micron Technology, Inc. (NASDAQ:MU)
Forward P/E: ~9.3x
Number of Hedge Fund Holders: 154
Micron Technology, Inc. (NASDAQ:MU) is one of the Best Undervalued Stocks to Buy According to the Financial Media. On May 28, DA Davidson lifted its price objective on the company’s stock to $1,500 from $1,000 and kept a “Buy” rating on the shares. The firm’s analyst compared the CPU and memory markets in a bid to assess why AMD and Intel are currently trading at more than ~40x earnings, while Micron Technology, Inc. (NASDAQ:MU) trades at ~9x earnings. This is despite the fact that Micron’s stock saw a strong rally.
The analyst highlighted that the conventional wisdom holds that CPUs are not commodities while memory is a commodity. This means that memory is purchased in the spot market and remains fungible. However, this might be true in the past, but the codesign of HBM into data center architecture seems to be changing this dynamic, added the analyst. Also, the long-term deals are contributing to the change.
Micron Technology Inc. (NASDAQ:MU) provides memory and storage solutions sold into client, cloud server, enterprise, graphics, networking, smartphone, mobile-device, automotive, industrial, and consumer markets, among others.
While we acknowledge the potential of MU 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 MU and that has 100x upside potential, check out our report about the cheapest AI stock.
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