Piper Sandler Reduces PT on The Campbell’s Company (CPB) Stock

The Campbell’s Company (NASDAQ:CPB) is one of the Best Mid Cap FMCG Stocks to Buy Now. Piper Sandler reduced the price objective on the company’s stock to $35 from $41, while keeping an “Overweight” rating on the shares, as reported by The Fly. The firm has updated its estimates for 2026 headwinds, mainly tariffs, which could impact the EPS. However, the firm believes that M&B (Meals & Beverages)’s sustainable momentum is expected to continue in 2026, but The Campbell’s Company (NASDAQ:CPB) also has tough comparable sales.

Piper Sandler Reduces PT on The Campbell’s Company (CPB) Stock

A woman preparing a meal using packaged foods with V8 juices and the other products of the company in the background.

The Campbell’s Company (NASDAQ:CPB) delivered strong Q3 2025 results, which surpassed expectations, partially because of favorable shipment timing. In Meals & Beverages, the company continues to see improvement in consumption throughout all consumer income groups. In Snacks, there was a mixed performance across the portfolio. While The Campbell’s Company (NASDAQ:CPB) is benefiting from some robust innovation launches, it continues to adjust its plans to ensure competitiveness across the full brand portfolio. Overall, its performance showcased healthy execution and disciplined cost management.

As of the end of Q3 2025, The Campbell’s Company (NASDAQ:CPB) delivered ~$110 million of savings under the $250 million cost savings program, which was announced in September 2024.

The Campbell’s Company (NASDAQ:CPB) manufactures and markets food and beverage products.

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

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