10 Best Alcohol Stocks To Buy According to Analysts

1. Splash Beverage Group, Inc. (NYSE:SBEV)

Stock Upside Potential: 150%

Topping our list of the Best Alcohol Stock to Invest in According to Analysts is Splash Beverage Group, Inc. (NYSE:SBEV), an innovator in the beverage industry with a growing portfolio of alcoholic and non-alcohol brands including Copa di Vino wine by the glass, SALT flavored tequilas, and Pulpoloco sangria etc.

Splash Beverage Group, Inc. (NYSE:SBEV) has been struggling and the company reported a net revenue of $981,858 for Q3 of 2024, a significant decrease from over $5.1 million in the same quarter of the previous year. However, the company’s net loss of $4.6 million during the quarter was slightly lower than the loss of $5,670,081 in the third quarter of 2023. Despite the slight improvement, SBEV faced challenges with liquidity and timing of inflows, which impacted inventory and sales.

However, a major growth factor for Splash Beverage Group, Inc. (NYSE:SBEV) is that some of its most popular products, Copa di Vino and Pulpoloco, have received multiple chain authorizations recently, including Chevron’s ExtraMile convenience stores, SeaWorld Parks & Entertainment venues, and even 28 Walmart stores in Tampa, Florida. The company announced last month that it has expanded the distribution of its Pulpoloco Sangria with Total Wine & More, the ‘country’s largest independent retailer of fine wine’, which has authorized the brand over 115 stores in Arizona, California, Colorado, Florida, Illinois, Nevada, Texas, and Virginia.

Moreover, Splash Beverage Group, Inc. (NYSE:SBEV) has also announced plans to diversify its business and buy the Texas-based JEM Beverage Management Company, the owner of vodka brand Western Son. The move is set to enhance SBEV’s product portfolio and market reach, given that the company can effectively market and distribute its expanded product line while competing in a crowded and competitive beverage market.

Overall, Splash Beverage Group, Inc. (NYSE:SBEV) ranks first on our list of the best alcohol stocks according to analysts. While we acknowledge the potential for SBEV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SBEV but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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