Barclays Raises its Price Target on Primo Brands (PRMB)

Primo Brands Corporation (NYSE:PRMB) is one of the 10 Best Stocks to Buy in Falling Markets According to Wall Street Analysts.

On May 11, 2026, Barclays analyst Lauren Lieberman raised the firm’s price target on Primo Brands Corporation (NYSE:PRMB) to $25 from $24 and maintained an Overweight rating on the shares.

BofA also raised the firm’s price target on Primo Brands Corporation (NYSE:PRMB) to $27 from $25 while keeping a Buy rating. The firm said it updated estimates following the earnings report and applied a slightly higher multiple due to improved visibility into the company’s revenue growth and adjusted EBITDA outlook for the remainder of 2026.

On May 7, 2026, Primo Brands Corporation (NYSE:PRMB) reported Q1 adjusted EPS of 23c, versus the consensus estimate of 24c. Revenue totaled $1.63B, versus the consensus estimate of $1.58B. Chairman and CEO Eric Foss said the company delivered a strong start to 2026, with momentum continuing to build across the business. Foss added that first-quarter revenue exceeded expectations, supported by strong retail channel growth led by premium brands and continued improvement in Direct Delivery operations.

Barclays Raises its Price Target on Primo Brands (PRMB)

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Primo Brands Corporation (NYSE:PRMB) expanded its FY26 adjusted EBITDA outlook to $1.47B-$1.52B from its prior range of $1.49B-$1.52B. The company reaffirmed its FY26 adjusted free cash flow guidance of $790M-$810M and maintained its expectation for base capital expenditures at 4% of net sales. The company said it continues investing behind category momentum and its portfolio of brands, adding that it sees opportunities for sustained growth, margin expansion, stronger free cash flow generation, and long-term stakeholder value.

Primo Brands Corporation (NYSE:PRMB) operates as a branded beverage company in North America.

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