Fintel reports that on March 27, 2026, Jefferies upgraded their outlook for Primo Brands (NYSE:PRMB) from Hold to Buy.
Analyst Price Forecast Suggests 51.96% Upside
As of March 27, 2026, the average one-year price target for Primo Brands is $27.73/share. The forecasts range from a low of $20.20 to a high of $36.75. The average price target represents an increase of 51.96% from its latest reported closing price of $18.24 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Primo Brands is 6,801MM, an increase of 2.06%. The projected annual non-GAAP EPS is 1.88.
What is the Fund Sentiment?
There are 372 funds or institutions reporting positions in Primo Brands. This is an decrease of 321 owner(s) or 46.32% in the last quarter. Average portfolio weight of all funds dedicated to PRMB is 0.23%, an increase of 28.53%. Total shares owned by institutions increased in the last three months by 25.95% to 395,147K shares. 
The put/call ratio of PRMB is 0.47, indicating a bullish outlook.
What are Other Shareholders Doing?
One Rock Capital Partners holds 116,211K shares representing 32.00% ownership of the company.
Fuller & Thaler Asset Management holds 14,455K shares representing 3.98% ownership of the company. In its prior filing, the firm reported owning 4,993K shares , representing an increase of 65.46%. The firm increased its portfolio allocation in PRMB by 116.54% over the last quarter.
Ameriprise Financial holds 13,116K shares representing 3.61% ownership of the company. In its prior filing, the firm reported owning 5,091K shares , representing an increase of 61.19%. The firm increased its portfolio allocation in PRMB by 87.51% over the last quarter.
William Blair Investment Management holds 12,627K shares representing 3.48% ownership of the company. In its prior filing, the firm reported owning 11,834K shares , representing an increase of 6.28%. The firm decreased its portfolio allocation in PRMB by 14.85% over the last quarter.
Point72 Asset Management holds 6,332K shares representing 1.74% ownership of the company. In its prior filing, the firm reported owning 4,399K shares , representing an increase of 30.53%. The firm decreased its portfolio allocation in PRMB by 28.83% over the last quarter.
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