9 Best Inexpensive Stocks to Invest In Right Now 

In this article, we will look at the 9 Best Inexpensive Stocks to Invest In Right Now.

On May 29, Ankur Crawford, Alger EVP, appeared on CNBC’s ‘Closing Bell’ to talk about the market exuberance and the strength of fundamentals.

She thinks that we have reason to be exuberant, as we are in the middle of an incredible rate of change of technology and innovation, and so it is not bad. She believes that this is not exuberance for exuberance’s sake, but is rather being driven fully by the fundamentals, the earnings power that the companies have. There are pauses in the market, and we might have to pause and refresh, and we might get mini rotations.

READ MORE: 10 Best Tech Stocks Under $5 to Buy and 12 Best Small Cap Tech Stocks to Buy According to Hedge Funds.

However, if we look at the long arc of time and believe that compute will be essential for this industrial revolution, then these stocks can hold where they are trading today. According to her, it is essential to look at the long arc of time instead of merely the next month, as it is much more clarifying when one thinks of it that way.

With these broader market trends in view, let’s look at the best inexpensive stocks to invest in right now.

Our Methodology

We used the Finviz stock screener to identify the best stocks with a forward P/E below 15 and selected the top 9 stocks most popular among hedge funds as of Q1 2026, using the hedge fund sentiment data from Insider Monkey’s database. The stocks are arranged in ascending order of hedge fund sentiment.

Note: All data was recorded on May 31.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).

9 Best Inexpensive Stocks to Invest In Right Now

9. Toyota Motor Corporation (NYSE:TM)

Number of Hedge Fund Holders: 20

Toyota Motor Corporation (NYSE:TM) is one of the best inexpensive stocks to invest in right now. Reuters reported on May 14 that Toyota Motor Corporation (NYSE:TM) has sought approval for the construction of a new vehicle assembly line at its existing manufacturing complex in Texas. According to a filing, the proposed complex has around $2 billion in planned investment, and construction at the project, named “Project Orca”, is anticipated to begin at the end of 2026. As per the filing with the Texas Comptroller of Public Accounts, vehicle production is expected to begin in 2030.

Reuters further reported that the project is estimated to create 2,000 new jobs from 2028 to 2030. Toyota Motor Corporation plans to invest $1.05 billion in ​buildings and other property improvements, as well as $950 million in ‌machinery ⁠and equipment.

In a separate development, Reuters reported on May 28 that, according to a report by Toyota Motor Corporation released on Thursday, the company’s global vehicle sales dropped for a third consecutive ‌month in April, hit primarily by sharp declines in the Middle East and China. Global sales fell ​3.1% from the prior year period to ⁠849,306 vehicles, while overseas sales dropped 7.5%. However, sales in Japan grew 24.2%, rebounding after earlier purchase delays that took place ahead of ​an environmental tax change.

Toyota Motor Corporation manufactures and sells motor vehicles and parts. The company’s operations are divided into the following segments: Automotive, Financial Services, and All Other.

8. Royal Bank of Canada (NYSE:RY)

Number of Hedge Fund Holders: 32

Royal Bank of Canada (NYSE:RY) is one of the best inexpensive stocks to invest in right now. TD Securities lifted the price target on Royal Bank of Canada (NYSE:RY) to C$272 from C$267 on May 29 and maintained a Buy rating on the shares. Royal Bank of Canada also received a rating update from Barclays the same day, with the firm raising the price target on the stock to C$260 from C$245 and maintaining an Overweight rating on the shares.

For reference, in its financial results for the quarter ended April 30, 2026, the company reported net income of $5.5 billion, up $1,119 million or 25% from the previous year. Diluted EPS rose 27% over the same period to $3.85, highlighting growth across each of Royal Bank of Canada’s business segments. Adjusted net income and adjusted diluted EPS for the quarter were $5.6 billion and $3.90, up 23% and 25%, respectively, from the prior year.

Royal Bank of Canada provides banking and financial services. The company’s operations are divided into the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Capital Markets, and Corporate Support.

7. The Toronto-Dominion Bank (NYSE:TD)

Number of Hedge Fund Holders: 33

The Toronto-Dominion Bank (NYSE:TD) is one of the best inexpensive stocks to invest in right now. On May 29, CIBC lifted the price target on The Toronto-Dominion Bank (NYSE:TD) to C$164 from C$151 while maintaining a Neutral rating on the shares. The company also received a rating update from Barclays the same day, with the firm raising the price target on the stock to C$140 from C$135 and reiterating an Underweight rating on the shares.

The rating updates came after the bank reported financial results for fiscal Q2 2026, which ended April 30, 2026, in which it announced that reported diluted earnings per share were $2.43, compared with $6.27 in the prior year period, while adjusted diluted earnings per share were $2.38, compared to $1.97 in fiscal Q2 2025. Reported net income for the quarter was $4,251 million, compared with $11,129 million, with the adjusted net income reaching $4,168 million, compared with $3,626 million in the prior year period.

The Toronto-Dominion Bank provides financial products and services. Its operations are divided into the following segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, Wholesale Banking, and Corporate segment.

6. Gilead Sciences, Inc. (NASDAQ:GILD)

Number of Hedge Fund Holders: 77

Gilead Sciences, Inc. (NASDAQ:GILD) is one of the best inexpensive stocks to invest in right now. Gilead Sciences, Inc. (NASDAQ:GILD) announced on May 27 new results from a post hoc analysis that showed that Livdelzi® was associated with high and sustained rates of normalization of a key liver marker in people living with primary biliary cholangitis. The company reported that participants with increased ALP levels in an ongoing Phase 3 study experienced reductions in ALP after treatment, and the data showcase the potential role of Livdelzi in people with PBC who continually have elevated ALP despite prior treatment with first-line therapy.

Gilead Sciences, Inc. stated that the findings are “highly relevant” for people living with PBC with inadequately controlled disease based on elevated ALP levels, as that is a population that is historically underrepresented in randomized clinical trials. The company would present the data at the European Association for the Study of the Liver (EASL) Congress 2026, held May 27–30 in Barcelona, Spain.

Gilead Sciences, Inc. is a biotech company that advances medicines to prevent and treat serious diseases such as cancer, immunodeficiency virus (HIV), viral hepatitis, and COVID-19. Its portfolio of drugs focuses on medical areas with unmet needs and includes AmBisome, Atripla, Biktarvy, Cayston, Complera, and others.

5. Merck & Co., Inc. (NYSE:MRK)

Number of Hedge Fund Holders: 98

Merck & Co., Inc. (NYSE:MRK) is one of the best inexpensive stocks to invest in right now. Merck & Co., Inc. announced on May 26 that its Board of Directors declared a quarterly dividend of $0.85 per share of the company’s common stock for fiscal Q3 2026, with payments set to be made on July 8, 2026, to shareholders of record at the close of business on June 15, 2026.

In a separate development, Merck & Co., Inc. announced on May 29 that calderasib (MK-1084), in combination with KEYTRUDA®, which is the company’s anti-PD-1 therapy, has been granted Breakthrough Therapy designation by the U.S. Food and Drug Administration (FDA) for the first-line treatment of patients with advanced or metastatic non-small cell lung cancer with KRAS G12C-mutation and expressing PD-L1. Calderasib is an investigational oral specific KRAS G12C inhibitor, and this marks the first Breakthrough Therapy designation for calderasib, supported by positive data from the Phase 1 KANDLELIT-001 trial.

Merck & Co., Inc. is a biopharmaceutical company that delivers health solutions to advance the treatment and prevention of diseases in animals and people. Its Pharmaceutical segment offers vaccines and human health pharmaceutical products, typically therapeutic and preventive agents. Its Animal Health segment develops, discovers, manufactures, and markets a range of vaccines and veterinary pharmaceutical products. The company’s medicine KEYTRUDA may treat certain cancers by working with the immune system.

4. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 101

Salesforce, Inc. (NYSE:CRM) is one of the best inexpensive stocks to invest in right now. Salesforce, Inc. (NYSE:CRM) received a rating update from Citi on May 28, with the firm cutting the price target on the stock to $187 from $188 while maintaining a Neutral rating on the shares. Salesforce, Inc. also received a rating update from BMO Capital the same day. The firm lowered the price target on the stock to $215 from $225 and maintained an Outperform rating on the shares following the company’s fiscal Q1 results. The firm told investors in a research note that the results and guidance are not likely to be sufficient to convince either bears or bulls to switch sides, and that offer limited changes to FY27 top-line growth expectations.

In another development, DA Davidson cut the price target on Salesforce, Inc. to $175 from $200 on May 28, maintaining a Neutral rating on the shares and telling investors in a research note that the company’s fiscal Q1 earnings represent a strong start to the year.

Salesforce, Inc. designs and develops cloud-based enterprise software for customer relationship management. Its solutions encompass customer service and support, sales force automation, digital commerce, marketing automation, collaboration, community management, industry-specific solutions, and Salesforce platforms. It also offers training, guidance, support, and advisory services.

3. Sandisk Corporation (NASDAQ:SNDK)

Number of Hedge Fund Holders: 114

Sandisk Corporation (NASDAQ:SNDK) is one of the best inexpensive stocks to invest in right now. On May 28, Mizuho lifted the price target on Sandisk Corporation (NASDAQ:SNDK) to $1,825 from $1,625 and maintained an Outperform rating on the shares. The firm stated that it raised targets in the semiconductor space after analyzing the memory market and the impact of agentic AI. It further told investors in a research note that NAND demand is not slowing down, DRAM demand will be strong into 2027, and high bandwidth memory’s total addressable market is growing. Mizuho’s top pick in the space is Micron.

Sandisk Corporation also received a rating update from Susquehanna on May 29. The firm lifted the price target on Sandisk Corporation to $3,250 from $2,000 and maintained a Positive rating on the shares. Susquehanna lifted estimates for memory manufacturers under its coverage, driven by growing confidence in the sustainability of the margin profile and the continued strength in blended ASPs.

Sandisk Corporation is involved in the development, manufacture, and provision of storage devices and solutions based on NAND flash technology. The company’s products include solid-state drives, memory cards, and USB flash drives.

2. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 119

The Walt Disney Company (NYSE:DIS) is one of the best inexpensive stocks to invest in right now. Reuters reported on May 26 that The Walt Disney Company (NYSE:DIS), Comcast’s Universal, and Warner Bros Discovery have managed to fend off a bid from China’s MiniMax to dismiss their lawsuit over its alleged theft of their intellectual property to ‌build its Hailuo image-and video-generating AI system in the California ​federal court.

MiniMax’s arguments were rejected by the U.S. District Judge Stanley Blumenfeld on Friday at the case’s early stage on the basis that the studio could not make a valid claim and that the U.S. court lacked jurisdiction over the company.

In a separate development, Raymond James lifted the price target on The Walt Disney Company to $119 from $115 on May 7, reaffirming an Outperform rating on the shares and stating that the company delivered better-than-expected Q2 results and slightly raised FY26 EPS guidance to 12% growth. This bolsters confidence in a double-digit EPS CAGR through FY26-FY27, with strength supported by its strong franchise IP, resilient sports exposure, scaled streaming ecosystem, and robust Parks and Experiences cash flows.

The Walt Disney Company operates an international family entertainment and media enterprise. The company owns and operates television and radio production, distribution, and broadcasting stations, amusement parks, direct-to-consumer services, and hotels. Its operations are divided into the following business segments: Disney Entertainment, ESPN, and Disney Parks, Experiences, and Products.

1. Micron Technology, Inc. (NASDAQ:MU)

Number of Hedge Fund Holders: 154

Micron Technology, Inc. (NASDAQ:MU) is one of the best inexpensive stocks to invest in right now. Micron Technology, Inc. (NASDAQ:MU) announced on May 22 the start of 1α DRAM manufacturing at its Manassas, Virginia, fab, which marks a significant step in the company’s efforts to considerably expand its U.S. memory manufacturing. Management stated that the 1α DRAM node is the most advanced memory technology ever produced in the United States, and is well-suited to long-lifecycle memory for critical applications, which include DDR4 and LP4 products. The company’s Virginia manufacturing expansion serves several sectors that depend on this kind of memory, including the automotive, defense and aerospace, industrial, networking, and medical device sectors.

In a separate development, Micron Technology, Inc. announced on May 5 that it is now shipping the 245TB capacity Micron® 6600 ION SSD, which marks the highest capacity commercially available SSD in the world. The company stated that the drive is a notable step forward in rack-scale storage density for data centers, specifically designed to support AI, enterprise, cloud, and hyperscale workloads. These include next-generation AI data lakes and cloud-scale file and object storage.

Micron Technology, Inc. provides innovative memory and storage solutions. Its operations are divided into the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU).

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