10 Best Vegan Stocks to Buy According to Analysts

1. Local Bounti Corporation (NYSE:LOCL)

Analyst Upside: 250.88%

Number of Hedge Fund Holders: N/A

Local Bounti Corporation (NYSE:LOCL) is an indoor agriculture company that grows food sustainably through its patented Stack & Flow Technology. It operates advanced indoor growing facilities across the US, servicing around 13,000 retail doors using 90% less water, 90% less land, and significantly fewer pesticides and herbicides than outdoor agricultural operations.

The company is focusing on building additional capacity across its network of facilities, enabling its growing product assortment to address existing demand from its direct relationships with blue-chip retailers and distributors. This strategy is yielding results.

In fiscal Q3 2024, Local Bounti Corporation (NYSE:LOCL) reported a 50% year-over-year sales growth while advancing its commercial strategy by expanding its product mix and deepening relationships with blue-chip retail partners. The company recently attained a 2-year award from a large multinational retailer for its living butter lettuce product supply. This supply would be carried to 13 of the retailer’s distribution centers from Local Bounti Corporation’s (NYSE:LOCL) California and new Texas facilities. Management expects this strategic partnership to support the company’s performance and help it attain positive adjusted EBITDA, which is expected during Q2 2025. Its median price target of $2.28 implies an upside of 250.88% from current levels.

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

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