8 Affordable Stocks to Buy With Good Earnings Growth

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6. Smurfit Westrock Plc (NYSE:SW)

Smurfit Westrock Plc (NYSE:SW) is one of the best affordable stocks to buy with good earnings growth. Goldman Sachs initiated coverage of Smurfit Westrock Plc (NYSE:SW) with a Buy rating on March 24, setting a price target of $49. The firm stated that it started coverage of the European pulp, paper, and packaging sector, anticipating a continuation of “low-cycle conditions, most notably for the upstream names”. The firm recommends a defensive position with a preference for more downstream names.

In a separate development, Smurfit Westrock Plc (NYSE:SW) announced the completion of an asset purchase agreement of Cartomanabí, which is one of the main corrugated packaging companies in Ecuador. Management stated that the acquisition marks a strategic step forward in the company’s goal of expanding in the region, and bolsters its position as the number one corrugated supplier in Latin America. Smurfit Westrock Plc (NYSE:SW) further stated that with the paper supplied from its North American mill system, it increases its integration.

Smurfit Westrock Plc (NYSE:SW) develops and provides packaging solutions. The company’s products include corrugated sheet boards, corrugated packaging, solid boards, and hexacomb packaging.

While we acknowledge the potential of SW 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 SW and that has 100x upside potential, check out our report about the cheapest AI stock.

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