10 Best Beverage Stocks to Buy According to Analysts

8. Primo Brands Corporation (NYSE:PRMB)

Average Share Price Upside Potential as of February 20: 20.68%

Primo Brands Corporation (NYSE:PRMB) is a North American beverage company focused on healthy hydration. It was formed in November 2024 following the merger of Primo Water and BlueTriton Brands. The company has a broad portfolio of branded beverages distributed across 200,000 retail outlets. It also offers water dispensers, filtration appliances, self-service water refill stations, and direct delivery of reusable bottles.

On February 20, Primo Brands Corporation (NYSE:PRMB) declared its financial results for 2024. It reported combined net sales of $6.81 billion, up 5.4% from last year, driven by volume growth of 3.4%. Combined adjusted EBITDA grew 19.5% compared to fiscal 2023 to reach $1.353 billion, and the adjusted EBITDA margin stood at 19.9%.

Primo Brands Corporation (NYSE:PRMB) also provided an outlook for fiscal 2025. It expects net sales growth of between 3% and 5%, with $7 billion at the midpoint. Adjusted EBITDA is anticipated to be between $1.6 billion and $1.628 billion, with an EBITDA margin of 23.1% at the midpoint. The company also expects to capture $200 million in cost synergies during the year.

The board of directors has also authorized a quarterly dividend of 10 cents per share, which is an 11% increase year-over-year, and reflects the company’s commitment to shareholder returns. Wall Street analysts are bullish on Primo Brands Corporation (NYSE:PRMB) with a consensus Strong Buy rating and an average share price upside potential of nearly 21%, making it one of the best beverage stocks to buy according to analysts.