5 Best Mid-Cap Consumer Defensive Stocks to Buy

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1. BellRing Brands Inc. (NYSE:BRBR)

BellRing Brands Inc. (NYSE:BRBR) is one of the 7 best mid-cap consumer defensive stocks to buy.

On March 16, Kaumil Gajrawala from Jefferies reduced the firm’s price target on BellRing Brands Inc. (NYSE:BRBR) from $38 to $28. The analyst maintained his Buy rating on the stock, which still offers an impressive upside potential of almost 69% despite the downward revision.

Gajrawala highlighted that protein is entering a phase of broader mainstream adoption, with convenient categories like yogurt, snacks, bars, and shakes expected to see strong demand.

Earlier on March 4, Bank of America Securities reiterated its Neutral rating for BellRing Brands Inc. (NYSE:BRBR). The firm reduced its target price on the stock from $25 to $22, resulting in a revised upside potential of more than 32% at the prevailing level.

The price target revision was based on mid-quarter updates shared by the firm. Reflecting on the current low valuation multiple for BellRing Brands Inc. (NYSE:BRBR), BofA considers it justified amid certain challenges. The most notable challenge is a highly competitive landscape in a category that is currently experiencing very promising growth.

BellRing Brands Inc. (NYSE:BRBR) offers nutrition products such as protein powders and shakes, nutrition bars, and other ready-to-drink beverages. The company sells online, and also through mass and specialty retailers, drug stores, and convenience stores. It markets its offerings under Dymatize and Premier Protein brands.

While we acknowledge the potential of BRBR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BRBR and that has 100x upside potential, check out our report about the cheapest AI stock.

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