5 Best Undervalued Stocks to Buy Under $100

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​1. EQT Corporation (NYSE:EQT)

Price: $58.56

Fwd P/E Ratio: 12.37

Number of Hedge Fund Holders: 92

​EQT Corporation (NYSE:EQT) is one of the Best Undervalued Stocks to Buy Under $100. Recently, on May 5, Scott Gruber from Citi assigned a Buy rating on the stock and raised the price target from $66 to $70. Earlier, on April 26, Lloyd Byrne from Jefferies reiterated a Buy rating on EQT Corporation (NYSE:EQT) and also raised the price target from $76 to $77.

​The ratings follow EQT’s FQ1 2026 earnings release on April 21. The company posted $3.38 billion in revenue, reflecting 94.20% year-over-year increase and ahead of expectations by $206.14 million. The GAAP EPS of $2.36 also topped the consensus by $0.29.

​Jefferies noted that during the earnings call, management highlighted strong demand for gas driven by increased power generation. As a result, the firm finds the company to be placed attractively as a key supplier in times of incremental growth.

During the quarter, EQT delivered sales volumes ahead of management’s internal guidance. As a result, the free cash flow reached $1.8 billion, a record high, matching the total of full-year 2022 in just one quarter.

EQT Corporation (NYSE:EQT) is a premier and vertically integrated natural gas company. It has upstream and midstream operations focused on the Appalachian Basin.

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

READ NEXT: 10 Best Stocks to Buy While the Market Is Down and 14 Stocks That Will Double in the Next 5 Years. 

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