#6 - Heineken (OTCMKTS:HEINY)
Heineken N.V. (OTCMKTS: HEINY) may be a case of the right stock at the right time. The drinks and spirits category faces the impact of higher prices that are weighing on consumer sentiment. But the market for premium beer is growing strong, and that’s Heineken’s core business.
What may be more relevant to investors is how the company is embracing generative artificial intelligence (AI). Specifically, it’s finding that the technology is allowing the company and its management to easily sift through volumes of customer data to generate meaningful insights. The company is also beginning to use generative AI in the area of product innovation.
HEINY stock is down about 20% in 2024. However, analysts give the stock a consensus Buy rating and have a consensus price target of $50.57, which is 24% higher than the closing price on November 4, 2024.
About Heineken
Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, Eastern Europe, and the Asia Pacific. The company provides soft drinks and water. It offers its beers under the Heineken, Heineken Light, Orchard Thieves, Orchard Thieves Light, Birra Moretti, Coors, Murphy's and Beamish Stouts, Desperados, Tiger, Sol, and Foster's brand, as well as under regional and local brands.
Read More - Current Price
- $37.15
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
