Alliance Global Maintains a Buy Rating on Turning Point Brands, Inc. (TPB)

Turning Point Brands, Inc. (NYSE:TPB) is one of the 7 Best Hemp Stocks To Buy Now.

On April 23, Alliance Global dropped its price target for Turning Point Brands, Inc. (NYSE:TPB) to $130 from $135. It maintained a Buy rating on the stock. The firm added that it cut forecasts ahead of the first quarter to reflect expected softness in legacy industries and expenditures in nicotine pouches weighing on profits.

Earlier, on March 3, Alliance Global analyst Aaron Grey boosted the target for Turning Point Brands, Inc. (NYSE:TPB) to $135 from $110 after Q4. It retained a Buy rating. The firm expected that 2026 would be a “healthy sales growth year,” although cautioning that higher trade spending adds uncertainty to net sales projections.

Alliance Global Maintains a Buy Rating on Turning Point Brands, Inc. (TPB)

Pixabay / Public Domain

The firm also sees Turning Point Brands, Inc. (NYSE:TPB) as a possible “winner within the modern oral pouch category.”

Turning Point Brands, Inc. (NYSE:TPB)’ 2026 outlook expects Modern Oral gross revenue of $220 million to $240 million and net revenue of $180 million to $190 million. The first-quarter adjusted EBITDA is expected to be between $24 million and $27 million, including investments in sales, marketing, and trade promotions.

Turning Point Brands, Inc. (NYSE:TPB) manufactures, markets, and distributes branded consumer items, including alternative smoking accessories and consumables containing active substances. It functions through Zig-Zag Products, Stoker’s Products, and Creative Distribution Solutions segments.

While we acknowledge the risk and potential of TPB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TPB and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.