With the market at record highs and profit-taking in play, here's a rundown of five stocks currently seen as undervalued opportunities. PepsiCo is down over 20% since mid-2023 but is making operational improvements, offering a 3.8% dividend yield. MercadoLibre is facing short-term earnings hits due to free shipping expansion but stands to benefit as Latin America’s e-commerce grows toward a $1 trillion industry by 2027. Upstart’s AI-driven lending can approve more loans without extra defaults, attracting banks even as volatility remains high. Pfizer has slumped since its Covid-19 windfall, but its future pipeline is strong and it’s yielding 6.8%. Lyft lags behind Uber but has swung to profitability, trading at a lower multiple while revenue is expected to grow 13% yearly through 2027. Sometimes being out of the market is a bigger risk than the short-term setbacks these companies face.