In this article, we will list the 5 Cheap Stocks to Buy Under $20. Please visit 10 Cheap Stocks to Buy Under $20 if you would like to see the extended list and the methodology behind it.
5. Stellantis N.V. (NYSE:STLA)
Stellantis N.V. (NYSE:STLA) is one of the best cheap stocks to buy under $20. Reuters reported on April 24 that, according to sources, Stellantis N.V. (NYSE:STLA) is to focus funding on core car brands with the CEO driving turnaround, adding that the company will direct a majority of its investment on its core Jeep, Ram, Peugeot, and Fiat brands. This is set to take place under CEO Antonio Filosa’s strategic plan, due to be announced in May, along with a “material increase” to their funding.
While Stellantis N.V. (NYSE:STLA) did not directly comment on the planned reorganization, it told Reuters that the company’s brands were its strength and stressed its mix of “global scale with deep local roots”.
For additional perspective, in its full-year 2025 financial results, Stellantis N.V. (NYSE:STLA) reported net revenues of €153.5 billion, down 2% compared to 2024, attributed primarily to FX headwinds and also from H1 2025 net pricing declines. The company also reported a net loss of €22.3 billion due to €25.4 billion of full-year unusual charges.
Stellantis N.V. (NYSE:STLA) designs, manufactures, distributes, and sells vehicles. The company offers products under various brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall.
4. Huntington Bancshares Incorporated (NASDAQ:HBAN)
Huntington Bancshares Incorporated (NASDAQ:HBAN) is one of the best cheap stocks to buy under $20. On April 23, Huntington Bancshares Incorporated (NASDAQ:HBAN) was upgraded to Neutral from Underweight by Piper Sandler, with the firm lifting the price target on the stock to $18 from $17. The rating update came after the company reported its earnings, with the firm stating that the company’s story is “in some transition”, and “it may still take some time for investors to get comfortable reengaging”. Piper added that it likes the heavier scrutiny of cost control, the introduction of repurchases, and loan growth getting “tuned” down to reflect macro uncertainty.
In its fiscal Q1 2026 results released on April 23, Huntington Bancshares Incorporated (NASDAQ:HBAN) reported that the Earnings per common share for the quarter were $0.25, lower by $0.05 from the prior quarter, and $0.09 lower than the year-ago quarter. Net interest income rose $299 million, or 19%, from the previous quarter and $465 million, or 33%, from the prior year period.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a bank holding company that provides full-service commercial and consumer deposit, lending, and other banking services. The company’s operations are divided into the Consumer and Regional Banking and Commercial Banking segments.
3. Pinterest, Inc. (NYSE:PINS)
Pinterest, Inc. (NYSE:PINS) is one of the best cheap stocks to buy under $20. On April 24, Pinterest, Inc. (NYSE:PINS) was downgraded to Mixed from Positive by BWG Global. Based on partner checks, the firm contended that weak advertisement spending on the company mostly met expectations during Q1, and Q2 spending is expected to decelerate slightly year-over-year.
Pinterest, Inc. (NYSE:PINS) also received a rating update from UBS on April 21. The firm raised the price target on the stock to $29 from $26 and reaffirmed a Buy rating on the shares, telling investors in a research note that top-line growth reacceleration depends upon the company’s ability to scale its platform and increase utility across the advertising funnel. It further stated that while Performance+ is continuing to perform well with advertisers, concerns remain around a relatively limited audience base and potential budget share loss to competitors like TikTok. In addition, recent checks show that the tvScientific acquisition is not likely to be a meaningful near-term catalyst, according to UBS.
Pinterest, Inc. (NYSE:PINS) operates a pinboard-style photo-sharing website, allowing users to manage and create theme-based image collections such as interests, events, and hobbies.
2. Kenvue Inc. (NYSE:KVUE)
Kenvue Inc. (NYSE:KVUE) is one of the best cheap stocks to buy under $20. Citi cut the price target on Kenvue Inc. (NYSE:KVUE) to $19 from $20 on April 15, maintaining a Neutral rating on the shares and adjusting targets in the beverages, household, and personal care group as part of a fiscal Q1 preview. The firm told investors in a research note that investor focus is likely to be on the sector’s margin risk amid higher oil prices and many commodities.
In another development, Barclays also cut the price target on Kenvue Inc. (NYSE:KVUE) to $18 from $19 on April 14, maintaining an Equal Weight rating on the shares. The rating update came as part of the firm adjusting targets in the consumer staples group in a fiscal Q1 preview, with Barclays telling investors in a research note that it has “growing caution” on the group into the prints because of higher input costs. It also stated that in food, there are now “building concerns” around the sustainability of the dividend for certain companies.
Kenvue Inc. (NYSE:KVUE) is a consumer health company that operates through three segments: Skin Health and Beauty, Self Care, and Essential Health. Its Skin Health and Beauty segment offers hair care, body care, face care, and other product categories. The Essential Health segment comprises baby care, women’s health, oral care, and more.
1. Rocket Companies, Inc. (NYSE:RKT)
Rocket Companies, Inc. (NYSE:RKT) is one of the best cheap stocks to buy under $20. On April 23, Stephens initiated coverage of Rocket Companies, Inc. (NYSE:RKT) with an Overweight rating, setting a $22.50 price target on the stock and telling investors that across real estate finance, it recommends companies with the lowest cyclicality and potential to unlock multiple expansion by generating consistent earnings growth across cycles. In this context, Stephens sees Rocket Companies, Inc. (NYSE:RKT) as “best positioned” and set to ultimately generate consistent, consolidated growth.
Rocket Companies, Inc. (NYSE:RKT) also received a rating update from JPMorgan on April 9. The firm cut the price target on the stock to $16.50 from $24 and maintained a Neutral rating on the shares. It adjusted price targets in the consumer finance group as part of a fiscal Q1 earnings preview, and told investors in a research note that the macroeconomic environment “remains volatile and unpredictable”. According to JPMorgan, “selectivity remains paramount” in this environment.
Rocket Companies, Inc. (NYSE:RKT) provides a range of services associated with homeownership and other personal financial transactions. The company’s operations are divided into the following segments: Direct to Consumer and Partner Network.
While we acknowledge the potential of RKT 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 RKT and that has 100x upside potential, check out our report about the cheapest AI stock.
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