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Perrigo (PRGO) Target Reduced as JPMorgan Refreshes Estimates

Perrigo Company plc (NYSE:PRGO) is included among the Best Stocks for a Dividend Achievers List.

On December 15, JPMorgan lowered its price target on Perrigo Company plc (NYSE:PRGO) to $18 from $20 and kept a Neutral rating on the stock. The firm said the change followed an update to its financial model.

For the third quarter of 2025, Perrigo Company plc (NYSE:PRGO) reported revenue of $1.04 billion. That marked a 4.06% decline from the same period last year. Operating income totaled $73 million, down from $80 million a year earlier. President and CEO Patrick Lockwood-Taylor said over-the-counter consumption remained soft during the quarter. Even so, the company posted solid in-market results. Perrigo gained dollar, unit, and volume share in five of its seven store-brand categories. It also expanded its share in several key brands. According to management, those trends show that consumers continue to choose Perrigo products on the shelf.

In other news, on November 5, Perrigo Company plc (NYSE:PRGO) announced a strategic review of its infant formula business. The move reflects a shift toward higher-margin branded products. The company is a leading supplier of store-brand baby formula sold under retailer labels, typically priced below national brands. That business has faced challenges tied to quality issues at manufacturing facilities, which created contamination risks.

Perrigo Company plc (NYSE:PRGO) operates as a global consumer health company with more than 100 years of experience. Its portfolio focuses on health and wellness products, with primary operations across North America and Europe.

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

READ NEXT: 12 Best Long Term US Stocks to Buy Now and 13 Top Tech Stocks Paying Consistent Dividends.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

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

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

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

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • 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.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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