Primo Brands Corporation (NYSE:PRMB) is one of the best falling stocks to buy, according to Wall Street analysts. On November 26, Barclays analyst Lauren Lieberman maintained a Buy rating on Primo Brands Corporation (NYSE:PRMB) with a $24 price target.
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On November 10, the company’s board of directors approved a $50 million increase to the existing share repurchase program. The $50 million increase brings the total authorization to $300 million. Under the current program, the company has already spent $97.7 million and repurchased 4.4 million shares as part of its push to return value to shareholders.
The move to repurchase shares comes as Wall Street firms remain confident about the company’s prospects. On November 4, RBC capital analyst Nik Modi reiterated a Buy rating on the stock and set a $37 price target. Andrea Faria Teixeira of JPMorgan also remains optimistic about the company’s prospects, having reiterated a Buy rating and a $23 price target.
Primo Brands Corporation (NYSE:PRMB) is a North American branded beverage company focused on healthy hydration, offering a wide range of products and services, including bottled and sparkling water, as well as other beverages from national and regional brands such as Poland Spring, Arrowhead, and Deer Park.
While we acknowledge the potential of PRMB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
