10 Best Stocks to Buy According to Howard Marks’ Oaktree Capital Management

6. SunOpta, Inc. (NASDAQ:STKL)

Oaktree Capital Management’s Q4 Stake: $159.4 million

Number of Hedge Fund Holders: 27

SunOpta, Inc. (NASDAQ:STKL) is involved in the manufacture and sale of plant and fruit-based food alongside beverage products. Under the Dream and West Life brands, the company offers plant-based drinks made from oats, almonds, hemp, and other basic ingredients.

SunOpta, Inc.’s (NASDAQ:STKL) revenue increased by 9% in Q4 2024, led by a 13% increase in volume, demonstrating wide improvements across categories, products, and customers. Its adjusted EBITDA climbed by 20%, and its adjusted EBITDA margin improved by 130 basis points to 13.4%. This was due to significant revenue growth and operational efficiency.

On March 4, DA Davidson maintained its Buy rating for SunOpta, Inc. (NASDAQ:STKL) shares, with a $9 price target. SunOpta has great potential, according to analyst Brian Holland, who highlights the stock’s appealing risk-reward profile in the food industry. He emphasizes the company’s stable success and tremendous long-term development potential, despite the recent decision to remove the plant-based surcharge from coffee shops.