3 Absurdly Cheap Growth Stocks to Buy Before the End of 2026
Key Points
The stocks listed here trade at incredibly low earnings multiples.
Investors have question marks about their futures, but they are still solid businesses.
- 10 stocks we like better than Novo Nordisk ›
Investors looking for cheap stocks to buy before the end of 2026 don't have to look too far to find some great investments. There are many top stocks that can make for solid long-term growth investments that are trading at absurdly cheap valuations right now.
Three stocks that are trading at low earnings multiples and that have lots of growth still ahead are Novo Nordisk (NYSE:NVO), Intuit (NASDAQ:INTU), and Reddit (NYSE:RDDT). Here's why these can make for great growth stocks to buy right now.
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Novo Nordisk
It's been a rough stretch for healthcare company Novo Nordisk, as it has declined about 23% in value over the past 12 months. Investors are questioning its ability to grow and compete alongside its rival, Eli Lilly. Novo was an early leader in the GLP-1 race with Ozempic and Wegovy, but now has lost more than a couple of steps.
The reason I'm not worried and remain invested in the stock, however, is that there are still ample growth opportunities ahead for Novo. A higher-dose version of Wegovy has shown that it can help people lose even more weight. And the company is still in the early innings of the launch of its weight loss pill, which obtained approval from regulators late last year.
Novo's sales have been underwhelming of late, and it has a new CEO working to turn things around. There's some uncertainty ahead, no doubt about that. But this is still an excellent healthcare company to invest in for the long haul. And its stock is trading at an absurdly low forward price-to-earnings (P/E) multiple of 13, which is based on analyst projections. It's absurdly cheap and practically a no-brainer buy at these levels.
Intuit
One of the worst stocks within the S&P 500 this year has been Intuit, the software company known for popular titles such as TurboTax and QuickBooks. Professionals rely on its software on a daily basis, but the threat that artificial intelligence (AI) will disrupt its business has weighed the stock down heavily -- it's crashed around 50% this year.
AI is a threat that I believe is a gross miscalculation when it comes to Intuit. Tax and accounting are not things I believe that consumers and business professionals are going to rely on AI for, as errors or hallucinations for these types of tasks can be extremely costly for users.
The company recently wrapped up its 2026 fiscal year (it ended on July 31), and revenue was up by 14%, totaling $21.4 billion. For the year ahead, it expects a bit of a slowdown, but the growth rate isn't all that bad, projected to be within 9% to 10%.
This is still a growing business, and with Intuit trading at a forward P/E of less than 15, it's another incredibly cheap stock to buy right now.
Social media stock Reddit is also down big this year, tumbling 30% thus far in 2026. This is another stock where I believe the market has overreacted to when it comes to AI. Chatbots often reference Reddit community discussions within the answers they give to users, which is why I believe the social media platform has a lot of power and leverage. While AI can do a good job of scraping data from websites, it values the back-and-forth, balanced discussions on Reddit forums.
When Reddit posted its second-quarter results in July, they looked terrific, with revenue rising by 61% year over year, to $805 million. It was the eight straight period where its growth rate was over 60%. Net income was also 31% of its top line -- a terrific profit margin.
Reddit is a solid business to invest in, and with the stock trading at a forward P/E of around 25, it's the most expensive stock on this list, but it's also the fastest growing. With such impressive growth, at this kind of multiple, Reddit's stock could prove to be a steal of a deal.
Should you buy stock in Novo Nordisk right now?
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David Jagielski, CPA has positions in Novo Nordisk. The Motley Fool has positions in and recommends Eli Lilly, Intuit, Novo Nordisk, and Reddit. The Motley Fool has a disclosure policy.
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