Analysts See Value in Spectrum Brands Holdings, Inc. (SPB) at Current Levels
Spectrum Brands Holdings, Inc. (NYSE:SPB) is among the best bear market stocks to buy according to analysts. On Wednesday, Spectrum Brands Holdings, Inc. (NYSE:SPB) reached a 52-week low, declining to $54.54. Analysts believe that the stock is undervalued at its current levels, making it a valuable stock.
With the company being loud on one thing: it will not chase short-term revenue at the expense of its robust financial position, we can expect it to have promising opportunities ahead. One strategy that Spectrum Brands Holdings, Inc. (NYSE:SPB) is holding onto is new product development (NPD) to drive future growth. Investments in innovations are expanding core categories and boosting sales and new adjacencies. The company considers buying assets at a better price as the silver lining in this macro environment, making M&A initiatives highly likely.
A person enjoying the convenience of their pet products, that simplify clean-up.
The COVID era speaks volumes about the performance of the company. During the peak lockdown period, Spectrum Brands Holdings, Inc. (NYSE:SPB) grew by more than 23% in 2020, in contrast to the broader market, which grew by around 17%. Thus, in similar circumstances, SPB has a high chance of outperforming its peers when there is demand uncertainty. This is supported by the one-year price guidance of $83.57 by Yahoo Finance, implying an upside of nearly 61%.
Spectrum Brands Holdings, Inc. (NYSE:SPB), headquartered in Wisconsin, United States, is a diversified consumer products and home essentials company. The core offerings of the company include pet products, personal care items, small household appliances, and home pest control solutions. From North America and Europe to Asia Pacific and the Middle East, SPB has a powerful industry presence.
While we acknowledge the potential of SPB 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.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
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