5 Best Alcohol Stocks To Buy Heading Into 2023

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In this article, we discuss 5 best alcohol stocks to buy heading into 2023. If you want to see more stocks in this selection, check out 10 Best Alcohol Stocks To Buy Heading Into 2023

5. Winc, Inc. (NYSE:WBEV)

Number of Hedge Fund Holders: N/A

Winc, Inc. (NYSE:WBEV) is a California-based company involved in sourcing, bottling, labeling, and distributing wine under its own winery license in the United States and internationally. The company was incorporated in 2011 and is based in Santa Monica, California. It is one of the top alcohol stocks to buy for 2023. 

Canaccord analyst Bobby Burleson on September 22 maintained a Buy recommendation on Winc, Inc. (NYSE:WBEV) but lowered the firm’s price target on the shares to $2 from $4. The analyst noted that Winc, Inc. (NYSE:WBEV)’s CEO is stepping down but he maintained his rating given a depressed valuation and ongoing robust core brand performance. However, he slashed his target as the company will potentially need extra capital amid the presently tight capital market environment.

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