AMCR Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
Loading...
Amcor PLC (AMCR) is a good buy for a beginner investor with a long-term investment horizon and $50,000-$100,000 available for investment. The company's strong financial performance, positive analyst ratings, and bullish technical indicators support this recommendation. Despite some minor negative catalysts, the overall outlook remains favorable for long-term growth.
The stock is showing bullish technical indicators with the MACD histogram above 0 and positively contracting, suggesting upward momentum. The RSI is neutral at 74.123, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). Key resistance levels are at R1: 49.688 and R2: 51.374, indicating potential upside.
Strong financial performance in Q2 2026 with revenue up 68.13% YoY, net income up 8.59% YoY, and EPS up 239.29% YoY.
Positive analyst sentiment with multiple price target upgrades and buy ratings.
Bullish technical indicators and favorable options data.
Gross margin dropped by -14.96% YoY in Q2 2026, which could indicate cost pressures.
Morgan Stanley downgraded the stock to Equal Weight, citing negative organic volume momentum.
Amcor PLC reported strong Q2 2026 financials with a 68.13% YoY increase in revenue, an 8.59% YoY increase in net income, and a 239.29% YoY increase in EPS. However, gross margin decreased by -14.96% YoY, reflecting potential cost challenges.
Analysts are generally positive on the stock, with several firms raising price targets to $54-$56 and maintaining buy ratings. However, Morgan Stanley downgraded the stock to Equal Weight, citing volume concerns despite attractive valuation.
