Truist Financial Remains Bullish on Amcor plc (AMCR)

Amcor plc (NYSE:AMCR) is one of the best cheap stocks under $10 to buy now. On November 7, Truist Financial analyst Michael Roxland maintained a Buy rating on Amcor plc (NYSE:AMCR) and set an $11 price target.

Amcor (AMCR) Offers Steady Dividends at an Affordable Price Point

The rating update came after Amcor plc (NYSE:AMCR) reported its fiscal Q3 2025 earnings on November 6, reporting that adjusted EPS for the quarter was 19.3 cents per share, above the mid-point of the company’s guidance range and up 18% compared to last year. The growth includes the addition of the Berry business to the company, further supported by disciplined cost performance, delivery of synergies at the upper end of the company’s expected range, and improved productivity.

Management reported that it has a “clear line of sight” to deliver $260 million of synergy benefits in fiscal 2026, and exhibited confidence in its ability to deliver $650 million of identified synergies looking ahead, with expectations for synergies alone to drive more than 30% EPS growth over the three-year period ending fiscal 2028.

Amcor plc (NYSE:AMCR) also reaffirmed its fiscal 2026 guidance and continues to expect an adjusted EPS of approximately 80 to 83 cents per share. This includes pre-tax synergy benefits associated with the acquisition of Berry Global of at least $260 million.

Amcor plc (NYSE:AMCR) is a holding company that provides consumer packaging services. Its operations are divided into the Flexibles and Rigid Packaging segments. The Flexibles segment manages the development and supply of flexible packaging, while the Rigid Plastics segment manufactures rigid plastic containers and other products for global supply.

While we acknowledge the potential of AMCR 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 AMCR 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.