10 Best Vegan Stocks to Buy According to Analysts

4. Zevia PBC (NYSE:ZVIA)

Analyst Upside: 114.59%

Number of Hedge Fund Holders: 8

Zevia PBC (NYSE:ZVIA) is a beverage company that develops, markets, and distributes drinks made with plant-based ingredients. Its portfolio spans zero-calorie, zero-sugar, and naturally sweetened beverages in a variety of flavors, such as Organic Tea, Soda, Energy Drinks, and Kids’ drinks. The company’s flagship product, Soda, is available in 14 flavors across variety packs, multiple packs, and limited-time-offer flavors. Energy and Organic Tea are available in eight flavors each. All Zevia PBC (NYSE:ZVIA) beverages are vegan, gluten-free, non-GMO project verified, Kosher, and zero sodium.

The company reported that since natural soda is growing around six times faster than conventional soda, natural soda will more than double the growth of conventional diet and zero soda in the next five years. This trend is anticipated to be a tailwind for Zevia PBC (NYSE:ZVIA). Its operations are also showing strength.

Fiscal Q4 2024 saw a sales growth of over 4%, reflecting a return to profitability and growth in both dollars and volume. Adjusted EBITDA improved by $3 million compared to fiscal Q4 2023. The company is focusing on additional cost-saving opportunities and anticipates positive adjusted EBITDA within 2026. It ranks fourth on our list.