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TD Cowen Reiterates ‘Hold’ Rating on Campbell Soup (CPB) on Earnings Beat

On June 3, analysts at TD Cowen reiterated a Hold rating and a $36 price target on Campbell Soup (NASDAQ:CPB). The analysts reiterated the Hold rating on the company delivering third-quarter earnings per share, which beat consensus estimates. Nevertheless, the company adjusted its full-year fiscal 2025 earnings to the lower end of the previous guidance.

An assembly line of automated machines packing a variety of plant-based foods and beverages.

Even though Campbell Soup’s earnings were good, the company has lowered its profit forecast for 2025 to the lowest part of its earlier estimate. The company lowered its full-year guidance in response to a 2% sales pull-forward, expected to impact its results in the fourth quarter. In addition, TD Cowen analysts have raised concerns over challenges the company faces in its Snacks business and slowing sales in Rao’s brand. Management expects reduced profitability for the whole year due to the headwinds.

The Hold rating also considers the headwinds due to tariff changes that Campbell Soup will likely face. Consequently, the research firm remains cautious about the company’s future performance amid the challenges.

Campbell Soup Company is a food and beverage company known for its iconic soup brand. It also offers various products like meals, snacks, and beverages.

While we acknowledge the potential of Campbell Soup (NASDAQ:CPB) 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 CPB and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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

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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.

How could anything be worth that much?

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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.

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

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