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Mixed Analyst Views on Newell Brands (NWL)

Newell Brands Inc. (NASDAQ:NWL) is one of the 10 Best US Penny Stocks to Buy. On December 3, Canaccord Genuity reiterated its Buy rating on Newell Brands Inc. (NASDAQ:NWL) with a price target of $7. This update comes after investor meetings with the company’s management team in Boston.

Canaccord Genuity pointed out that the company’s management, including CEO Christopher Peterson and CFO Mark Erceg, showed confidence despite a difficult year. Newell Brands Inc. (NASDAQ:NWL) is pleased with the progress of its turnaround strategy, which has been underway for about two and a half years.

Newell Brands Inc. (NASDAQ:NWL) has announced a workforce reduction of around 10% of its professional and clerical employees. The company will also close about 20 Yankee Candle stores in the US and Canada. Newell Brands Inc. (NASDAQ:NWL) expects this productivity plan to deliver annualized pre-tax cost savings of about $110 million to $130 million when it is fully implemented.

Canaccord Genuity expects 2026 to be the first year of net distribution gains for the company since its acquisition of Jarden, which was completed nearly a decade ago. This suggests that the company’s turnaround efforts may be starting to show results.

However, on December 2, UBS reduced its price target on Newell Brands Inc. (NASDAQ:NWL) from $5.50 to $4.00. The research firm pointed out that investors are expected to remain cautious and take a “wait and see” approach until there is clearer evidence that the company’s performance is starting to materialize.

Newell Brands Inc. (NASDAQ:NWL) is an American consumer goods company with a strong portfolio of brands such as Rubbermaid, Sharpie, Graco, Coleman, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, Dymo, EXPO, Elmer’s, Oster, NUK, Spontex, and Campingaz.

While we acknowledge the potential of NWL as an investment, 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 NWL and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best New Penny Stocks to Invest In and 13 Best Gold Mining Companies to Invest In Now.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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