Top 5 Cheap Stocks With Strong Buy Ratings on Wall Street

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In this article, we will list the Top 5 Cheap Stocks With Strong Buy Ratings on Wall Street. Please visit Top 10 Cheap Stocks With Strong Buy Ratings on Wall Street if you would like to see the extended list and the methodology behind it.

Top 5 Cheap Stocks With Strong Buy Ratings on Wall Street

5. McKesson Corporation (NYSE:MCK)

Number of Hedge Fund Holders: 73

McKesson Corporation (NYSE:MCK) is one of the top cheap stocks with Strong Buy ratings on Wall Street. Citi cut the price target on McKesson Corporation (NYSE:MCK) to $945 from $975 on May 14 and reiterated a Buy rating on the shares. The company also received a rating update from BofA on May 8, with the firm cutting the price target on the stock to $900 from $1,000 while maintaining a Buy rating on the shares. The firm stated that while the company reported “a mixed quarter”, its FY27 guidance and long-range plan reiteration were “clear positives”. It noted that the firm’s lower target reflects peer multiple contraction.

In its financial results for fiscal Q4 and fiscal year ended March 31, 2026, McKesson Corporation (NYSE:MCK) reported consolidated revenues of $96.3 billion for the quarter, up 6%, and $403.4 billion for the full year, up 12%. Earnings per diluted share for the quarter increased $3 to $13.71, while the same for the full year rose $12.66 to $38.38.

McKesson Corporation (NYSE:MCK) provides healthcare services. The company’s operations are divided into the following segments: North American Pharmaceutical, Oncology and Multispecialty, Prescription Technology Solutions (RxTS), and Medical-Surgical Solutions.

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