Philip Morris International Inc. (PM) has gained considerable attention in the market recently. Investment firm Coatue, led by Philippe Laffont, took a fresh stake in the company. The firm has seen a seven-session winning streak and received a 'Buy' rating from Needham. Philip Morris shares have climbed 3% since the last earnings report, with predictions of continuing growth, bolstered by a $195 price target set by Needham.
A significant driver of this positive trajectory can be attributed to the company's strong non-combustible product performance, particularly the ZYN nicotine pouches. The company has managed to keep analysts and quant scores heated, even at an all-time high. Furthermore, the firm has reported a rise in their first-quarter 2025 results, consequently raising the 2025 full-year adjusted diluted EPS forecast as well.
Despite a five-year decline in earnings, shareholders are still up by 166%, and the shares have risen based on an optimistic outlook for 2025. The company is committed to a smoke-free future, as evident from 38.6 Million users embracing alternative products while traditional cigarettes decline. In fact, the smoke-free business now represents 39% of the total revenue, which is a clear indication of successful business transformation.
Philip Morris International PM News Analytics from Fri, 13 Dec 2024 08:00:00 GMT to Sat, 24 May 2025 03:05:57 GMT - Rating 8 - Innovation 8 - Information 9 - Rumor 3
