10 Best Home Appliance Stocks to Buy According to Analysts

6. Spectrum Brands Holdings, Inc. (NYSE:SPB)

Analyst Upside: 27.83%

Spectrum Brands Holdings, Inc. (NYSE:SPB) is a global manufacturer of branded home essentials and consumer products. It offers small household appliances, lawn and garden products, home pest control products, and others. The company manufactures, sells, and markets its products across Europe, the Middle East and Africa, North America, Latin America, and the Asia-Pacific regions.

It attained revenue growth in fiscal Q3 and Q4 2024 due to its continued investments in its business. The company upgraded its capabilities in innovation, commercial operations, marketing, and advertising. Its adjusted EBITDA grew by more than 20% in fiscal 2024, marking one of the best performances in the industry. Spectrum Brands Holdings, Inc. (NYSE:SPB) also has a strong balance sheet that gives it operational flexibility and strategic optionality. It plans to continue driving its organic operating performance and shareholder value by buying back its shares.

The company also has several strategic priorities set out for fiscal 2025 to continue building on its strong fiscal 2024 performance. It plans to continue its strategic brand-focused investments and expects to increase these investments primarily in marketing, R&D, and advertising to drive profitable top-line growth. Spectrum Brands Holdings, Inc. (NYSE:SPB) also plans to invest in its inventory to support sales growth in fiscal 2025 and boost e-commerce expansion, which was a significant source of growth for the company in fiscal 2024.