10 Best Home Appliance Stocks to Buy According to Analysts

Page 9 of 9

1. Aterian, Inc. (NASDAQ:ATER)

Analyst Upside: 254.17%

Aterian, Inc., (NASDAQ:ATER) is a technology-fitted consumer products company that sells an elaborate range of products across various categories, including kitchen appliances, home appliances, kitchenware, air quality appliances, essential oils, and many others. The company sells its products primarily in the US and derives most of its revenues from selling its offerings on Amazon. The company’s portfolio of six brands includes hOmeLabs, Pursteam, Photo Paper Direct, Healing Solutions, Mueller Living, and Squatty Potty.

The company delivered on its net revenue and adjusted EBITDA goals in fiscal Q3 2024. This positive performance was attributed to the company’s humidifiers from hOmeLabs, Pursteam steam products, and the impact of cost-cutting exercises implemented in fiscal Q1 2024. Its Pursteam brand is gaining popularity on Amazon, especially its Steam Irons and Steam Mops.

Due to its outside-in marketing and sales strategy, Aterian, Inc. (NASDAQ:ATER) is continuing to see strength in its marketing efficiencies. It is focusing its efforts on its reduced seller account footprint and core SKUs. The company is also seeing better-than-anticipated results in driving outside traffic to Amazon through its marketing initiatives, which are benefiting its product listing rankings and conversion metrics.

Overall, ATER ranks first among the 10 best home appliance stocks to buy according to analysts. While we acknowledge the potential of home appliance stocks, our conviction lies in the belief that 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 ATER but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9