10 Best Alternative Meat Stocks to Invest In According to Analysts

3. Conagra Brands, Inc. (NYSE:CAG)

Stock Upside Potential as of July 23: 13.33%

Number of Hedge Fund Holders: 39

Conagra Brands, Inc. (NYSE:CAG) is one of the best alternative meat stocks to invest in according to analysts. On July 11, UBS maintained a “Neutral” rating on Conagra’s stock and lowered the price target on the shares to $20 from $21. Analyst Bryan Adams stated that his decision takes into account the company’s “less-than-stellar performance in the fourth quarter.” He also highlighted Conagra’s fiscal year 2026 guidance that is “more weighted towards the latter half of the year.”

Conagra reported disappointing Q4 FY2025 results. Earnings per share (EPS) came in at $0.56, missing the forecasted $0.59, and revenue fell short at $2.78 billion compared to the anticipated $2.85 billion. As such, the analyst expressed skepticism about Conagra’s fiscal year 2026 outlook. The analyst also pointed to Conagra’s “weaker quarterly execution in recent periods” as a concern.

Despite the challenges, UBS acknowledges that market expectations for Conagra have already been “recalibrated lower,” indicating that growth concerns are largely reflected in the current stock valuation. The firm also highlighted Conagra’s “competitive dividend and free cash flow yield” as factors that likely limit the stock’s further downside potential. This contributes to the balanced risk-reward assessment that informed the neutral rating.

Conagra Brands, Inc. (NYSE:CAG) is a major packaged foods company with a diverse portfolio that includes frozen meals, snacks, and plant-based products. The corporation owns Gardein, a brand that has become a key player in the alternative protein space. While not directly producing lab-grown meat, Conagra, through its Gardein brand, offers the Ultimate Chick’n line—an advanced plant-based product that mimics traditional chicken.