RBC Capital Raises its Price Target on Primo Brands Corporation (PRMB) to $29 and Maintains an Outperform Rating

Primo Brands Corporation (NYSE:PRMB) is among the 10 Fastest Growing NYSE Stocks to Buy.

On February 27, 2026, RBC Capital analyst Nik Modi raised the price target on Primo Brands Corporation (NYSE:PRMB) to $29 from $26 and maintained an Outperform rating. The analyst said the company reported solid upside to estimates in Q4, driven by less severe declines in the delivery business, calling the result “a step in the right direction” that increases confidence in the company’s recovery.

That same day, JPMorgan raised its price target on Primo Brands to $27 from $21 and kept an Overweight rating, updating its model following the Q4 report. The firm said Primo reported “better-than-feared” results in its Direct Delivery business and that guidance “appears beatable.”

On February 26, 2026, Primo Brands reported Q4 adjusted EPS of 26c, compared to 13c last year. Q4 revenue was $1.554B versus $1.397B last year. Chairman and Chief Executive Officer Eric Foss said, “2025 was a year of transition,” as the company integrated two businesses to form a leader in healthy hydration across the U.S. Liquid Refreshment Beverage category. He added that the fourth quarter performance showed “early signs” that initiatives are resulting in “an improved trajectory for the business,” reflecting the “strength and resilience” of the business model.

Primo Brands Corporation (NYSE:PRMB) operates as a branded beverage company in North America, offering water dispensers, direct delivery of refillable and reusable bottles, a pre-filled Water exchange program, water filtration appliances, and self-service water refill stations.

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