13 Best American Penny Stocks to Invest In

8. Newell Brands Inc. (NASDAQ:NWL)

Share Price: $4.68

Number of Hedge Fund Holders: 31

Newell Brands Inc. (NASDAQ:NWL) is one of the best American penny stocks to invest in. On February 9, UBS increased its price target on Newell Brands Inc. (NASDAQ:NWL) from $4.50 to $5 and kept its Neutral rating on the stock.

UBS analyst Peter Grom pointed out that investors are likely to focus on whether the improvements included in the company’s outlook will materialize as planned. While Newell Brands Inc. (NASDAQ:NWL) has shared what UBS sees as “concrete building blocks” to support top-line growth, the firm believes investors might prefer a “wait and see approach” because the company has struggled to achieve growth in recent years.

On February 9, Morgan Stanley also increased its price target on Newell Brands Inc. (NASDAQ:NWL) from $4.25 to $4.50 and maintained an Equalweight rating. Morgan Stanley pointed to “clear restructuring progress” at the company. However, it said this positive development is balanced by “continued topline softness” and “low visibility with margin volatility.”

The research firm also highlighted year-over-year declines in Newell Brands Inc.’s (NASDAQ:NWL) Q4 results and noted that the midpoint of the fiscal 2026 guidance is an area of concern. Even with these challenges, Morgan Stanley said the stock is trading at what it sees as a “depressed valuation.”

Newell Brands Inc. (NASDAQ:NWL) is an American consumer goods company with a strong portfolio of brands such as Rubbermaid, Sharpie, Graco, Coleman, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, Dymo, EXPO, Elmer’s, Oster, NUK, Spontex, and Campingaz.