Molson Coors Beverage Company (TAP): Among the Best Alcohol Stocks to Buy According to Analysts

As an avid investor, I'm always on the lookout for promising stocks that analysts recommend. Recently, Molson Coors Beverage Company (TAP) has caught my eye, with analysts singing its praises as one of the best alcohol stocks to buy. Let's dive into the reasons behind this positive outlook and explore what makes TAP an attractive investment opportunity.



First and foremost, TAP boasts an impressive portfolio of iconic beer brands, such as Miller, Coors, Blue Moon, and Carling. These well-established brands have a strong market presence and customer loyalty, contributing to the company's robust market position in North America, Europe, and the United Kingdom. This diverse brand portfolio enables TAP to cater to various consumer preferences and occasions, driving its growth and market share.



TAP's strategic initiatives, such as its revitalization plan and commitment to innovation, have also played a significant role in analysts' positive recommendations. The company's revitalization plan focuses on achieving sustainable top and bottom-line growth by streamlining the organization and reinvesting resources into its brands and capabilities. This plan includes investing in iconic brands, growth opportunities in the above-premium beer space, and developing digital competencies for employees, supply-chain-related system capabilities, and commercial functions. Additionally, TAP's cost-saving program, announced in 2020, targets delivering cost savings of $600 million over three years, further enhancing the company's financial performance.



TAP's commitment to growing its market shares through innovation and premiumization has also been well-received by analysts. The company has been rapidly expanding its above-premium portfolio to accelerate portfolio premiumization. This has been driven by the successful launch of new products like hard seltzers and Simply Spiked Lemonade, as well as the continued strength of brands like Blue Moon and Peroni. These innovative efforts have contributed to the company's growth and have been recognized by analysts in their recommendations.



Analysts have set 12-month price targets for Molson Coors Beverage, revealing an average target of $61.0, a high estimate of $74.00, and a low estimate of $51.00. Marking an increase of 12.96%, the current average surpasses the previous average price target of $54.00. This positive outlook from analysts can be attributed to the company's strong brand portfolio, market presence, and strategic initiatives.



In conclusion, Molson Coors Beverage Company (TAP) has emerged as one of the best alcohol stocks to buy according to analysts, thanks to its strong brand portfolio, market presence, and strategic initiatives. The company's commitment to innovation, cost management, and growth opportunities has contributed to its positive outlook and makes it an attractive investment opportunity. As an investor, I'm confident that TAP's promising prospects will continue to drive its growth and market share in the beverage industry.