Primo Brands (PRMB) Gets a Buy from RBC Capital
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
According to TipRanks, Modi is a 2-star analyst with an average return of 0.4% and a 50.50% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Primo Brands, Procter & Gamble, and Clorox.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Primo Brands with a $42.57 average price target, representing a 41.62% upside. In a report released on June 13, Bank of America Securities also maintained a Buy rating on the stock with a $42.00 price target.
The company has a one-year high of $35.85 and a one-year low of $20.16. Currently, Primo Brands has an average volume of 5.59M.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PRMB in relation to earlier this year. Last month, Tony W Lee, a Director at PRMB sold 50,657,562.00 shares for a total of $1,604,324,988.54.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
38 minutes ago
- Business Insider
Is Walmart (WMT) a Buy Ahead of Q2 Earnings?
U.S. retail giant Walmart (WMT) is set to release its Q2 earnings report next week. This has some investors wondering whether it's a good idea to buy shares of WMT beforehand. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. What Wall Street Expects Wall Street is expecting WMT to report earnings of $0.72 per share, which would represent year-over-year growth of 7.46%. Revenues for the period are expected to come in at $175.51 billion, up 3.65% from the prior-year quarter. Will WMT be able to beat these estimates? As can be seen below, it has a very strong track record of doing just that. Key Issues Ahead of Earnings Walmart is a bellwether for the strength of the American consumer given that it is the largest retailer in the U.S. and sells everything from electronics to clothing, groceries and toys. As such, investors, analysts, economists and politicians will be looking at its results with eagle eyes. One area of particular focus, according to Victoria Scholar, Head of Investment at interactive investor, will be whether President Trump's tariffs trade policy has impacted US consumer confidence and prices. Have the import levies hit Walmart's top and bottom lines as well as prices on the shelves? 'As a company that prides itself on rock bottom prices, Walmart has already expressed frustration about the extra costs associated with tariffs, particularly from China,' Scholar said. 'Walmart delivered its first ever profitable quarter in e-commerce both domestically and globally in May, so focus next week will be on whether it can continue to grow earnings there. Investors will also be watching out for the performance of Walmart's advertising and its membership subscription Walmart+ as well as the retailer looking to bring in a diversity of revenue streams.' See below: Danni Hewson, head of financial analysis at AJ Bell, urged investors to also look out for comments on shipping lead times, as well as inventory on the balance sheet. 'Retailing is all about shifting the right products at the right price in the right format to the target demographic. Do that, and the amount of unsold stock will be low and the need to discount to shift it will be reduced. Too much stock can mean price cutting is required and that could show up in the gross profit and then further down the profit and loss account,' she said. Is WMT a Good Stock to Buy Now? On TipRanks, WMT has a Strong Buy consensus based on 27 Buy ratings. Its highest price target is $130. WMT stock's consensus price target is $113, implying a 13.33% upside.
Business Insider
2 hours ago
- Business Insider
3 Quantum Computing Stocks with Potential to Beat the Market – 8/15/2025
Quantum computing, though still in its early stages, is expected to be the next big revolution after artificial intelligence (AI). This emerging technology can tackle complex problems more quickly than traditional computers due to its ability to process information using quantum bits (qubits) instead of regular bits. Thus, investing in quantum computing stocks could give long-term investors a chance to benefit from new technology and market growth. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. To find such stocks, take a look at TipRanks' Quantum Computing Stocks page. It allows you to compare stocks based on analyst consensus, price targets, and key technical indicators, among others. Today, we have picked stocks that carry an Outperform Smart Score (i.e., 8, 9, or 10) on TipRanks, which indicates that these stocks have the potential to beat the market. Here are today's top quantum computing stock picks. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio. IonQ (IONQ) – IonQ is rapidly advancing quantum computing with its trapped-ion architecture, achieving world-record qubit fidelity. Its roadmap targets a cryptographically relevant quantum computer by 2028, with 2 million qubits projected by 2030. The stock has earned an analyst consensus of Moderate Buy. Also, IONQ stock has a Smart Score of eight. RTX (RTX) – RTX is making progress in quantum computing by advancing superconducting qubit systems, quantum error correction, and scalable cryogenic electronics. RTX stock has an analyst consensus of Moderate Buy and a Smart Score of nine. Booz Allen Hamilton (BAH) – Booz Allen has deepened its quantum push by investing in SEEQC, a startup pioneering scalable quantum hardware to overcome bottlenecks in latency, energy, and cost. BAH stock has an analyst consensus of Moderate Buy and a Smart Score of nine. What Is TipRanks' Smart Investor Newsletter? TipRanks' Smart Investor Newsletter provides top investment ideas on a weekly basis to help self-directed investors make informed decisions using TipRanks' proprietary data and research. The newsletter includes macroeconomic, market-wide, and company-specific analysis to help investors understand the trends that may influence their investments.
Business Insider
2 hours ago
- Business Insider
‘This Is a No-Go Zone,' Says Top Investor About Figma Stock
Figma (NYSE:FIG) stock made a splash when it went public late last month, with shares tripling on their first day of trading. But the early euphoria has faded – the stock now trades about 31% below its day-one close. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Even so, the IPO was a significant milestone for the design platform, which counts roughly 13 million active users and has delivered steady revenue growth over the past two years, including a 41% jump in Q2 2025. Yet, impressive growth alone isn't enough to sway everyone. Top investor Michael Wiggins De Oliveira, who is among the top 3% of TipRanks' stock pros, warns that jumping on the bandwagon now could be a costly mistake. 'I don't see a clear enough inflection for Figma to maintain its pricing power or growth profile over the next few quarters to justify its current multiple,' Wiggins De Oliveira explains. While the investor acknowledges the 'impressive userbase' and rapid revenue growth, he points to concerns that weaken the risk-reward profile. Chief among them is the growing narrative that AI could erode Figma's competitive moat. With technological disruption moving at breakneck speed, Wiggins De Oliveira questions whether the company can sustain its pace of year-over-year growth. Competitors could introduce advances that replicate core features of Figma's platform, undermining its uniqueness. 'The company is up against a challenging narrative that AI could disrupt much of its underlying offering,' the investor adds, projecting that revenue growth could slow to 30%–35% annually. Beyond growth concerns, Wiggins De Oliveira also casts doubt on the quality of Figma's cash flow profile. While the company posted a notable swing to nearly $100 million in free cash flow in Q1 2025, the investor cautions that the figure may have been flattered by one-off factors tied to its IPO filing. Stripping those out, he estimates sustainable annual free cash flow closer to $250 million at best – a figure that, when set against its market cap, leaves FIG trading at an expensive ~160x forward free cash flow. 'Outperformance comes from patience and picking your spots – and for me, FIG just doesn't make the cut,' concludes Wiggins De Oliveira, who rates FIG a Sell. (To watch Michael Wiggins De Oliveira's track record, click here) For now, FIG is too new to have analyst ratings, but with its IPO, early volatility, and high-profile debate, Wall Street attention is likely to grow in the months ahead. (See FIG stock analysis) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
