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.

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.

4. Intuit Inc. (NASDAQ:INTU)

Number of Hedge Fund Holders: 92

Intuit Inc. (NASDAQ:INTU) is one of the top cheap stocks with Strong Buy ratings on Wall Street. Goldman Sachs downgraded Intuit Inc. (NASDAQ:INTU) to Sell from Neutral on June 2, bringing the price target on the stock down to $276 from $519. The firm told investors in a research note that it believes consensus estimates are likely too high for the next three years, and that the company may have to revise its long-term growth targets lower. Goldman Sachs further stated that downward estimate revisions are likely to weigh on the stock over the next several quarters before the market adjusts to an updated growth algorithm of 5%-10% sales growth for Intuit Inc. (NASDAQ:INTU). The firm also believes that the company is entering a period of heightened competition in tax.

In its financial results for fiscal Q3 2026, reported on May 20, Intuit Inc. (NASDAQ:INTU) reported total revenue of $8.6 billion, reflecting a 10% year-over-year growth. The company raised its full-year 2026 revenue guidance to between $21.341 billion and $21.374 billion.

Intuit Inc. (NASDAQ:INTU) provides business and financial management solutions. Its operations are divided into the following segments: Small Business and Self-Employed, Consumer, Credit Karma, and ProTax.

3. Nu Holdings Ltd. (NYSE:NU)

Number of Hedge Fund Holders: 104

Nu Holdings Ltd. (NYSE:NU) is one of the top cheap stocks with Strong Buy ratings on Wall Street. BofA downgraded Nu Holdings Ltd. (NYSE:NU) to Underperform from Neutral on June 2, bringing the price target on the stock down to $10 from $16. The firm told investors in a research note that CFO Guilherme Lago’s departure adds to the company’s concerns, adding that it sees the news as a “negative surprise”. The firm believes that Lago was one of Nu Holdings Ltd.’s (NYSE:NU) most important executives, and thus, the timing of the CEO transition adds uncertainty. BofA contended that this holds especially true in a backdrop where the company is navigating a more challenging phase for credit in Brazil and pursuing expansion into Colombia, Mexico, and the United States.

BofA previously cut the price target on Nu Holdings Ltd. (NYSE:NU) to $16 from $17 on May 21, maintaining a Neutral rating on the shares and stating that quarterly results disappointed for “a second consecutive quarter”.

Headquartered in George Town, Cayman Islands, Nu Holdings Ltd. (NYSE:NU) is a provider of digital banking services.

2. Boston Scientific Corporation (NYSE:BSX)

Number of Hedge Fund Holders: 106

Boston Scientific Corporation (NYSE:BSX) is one of the top cheap stocks with Strong Buy ratings on Wall Street. Boston Scientific Corporation (NYSE:BSX) received a rating update from Canaccord on June 1. The firm lowered the price target on the stock to $70 from $71, reiterating a Buy rating on the shares. Canaccord stated that it updated its model on the stock to take into account slowdowns in the U.S. Watchman business in 2026 and 2027, which have negative implications on its revenue and EPS estimates.

Boston Scientific Corporation (NYSE:BSX) also received a rating update from BofA on May 18. BofA cut the price target on Boston Scientific Corporation (NYSE:BSX) to $68 from $105, reaffirming a Buy rating on the shares. The firm told investors that after having hosted 34 medtech companies last week in Las Vegas, it updated several price targets for “the new reality of medtech valuations” in a year of few product cycles, inflation kicking up post-war, ACA, and utilization worries, and “data centers over healthcare”.

Boston Scientific Corporation (NYSE:BSX) manufactures, develops, and markets medical devices used in interventional medical procedures. Its operations are divided into Cardiovascular and MedSurg segments. The Cardiovascular segment covers Cardiology and Peripheral Interventions, while the MedSurg segment comprises Urology, Endoscopy, and Neuromodulation.

1. The Walt Disney Company (NYSE:DIS)

Number of Hedge Fund Holders: 119

The Walt Disney Company (NYSE:DIS) is one of the top cheap stocks with Strong Buy ratings on Wall Street. The Walt Disney Company (NYSE:DIS) and Royal Philips announced on May 28 the incorporation of beloved Disney animated characters and stories directly into Philips Ambient Experience for MRI at medical facilities in 87 countries across the globe to support children undergoing imaging procedures. Management stated that the immersive environment can help children by diverting attention from the clinical setting, creating a more engaging and comforting experience during scans, and helping more children complete their exams successfully.

In a separate development, 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.

The Walt Disney Company (NYSE:DIS) 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.

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