Barclays Raises Altria Group, Inc. (MO) Price Target to $63 from $57

Altria Group, Inc. (NYSE:MO) is among the 11 Best Pot Stocks to Buy According to Hedge Funds.

On February 23, Barclays analyst Pallav Mittal raised the firm’s price target on Altria Group, Inc. (NYSE:MO) to $63 from $57 while maintaining an Underweight rating. The firm believes tobacco equities could continue to outperform as next-generation product growth accelerates across the category.

On February 18, Altria Group, Inc. (NYSE:MO) participated in the Consumer Analyst Group of New York Conference and reaffirmed its 2026 adjusted diluted EPS guidance of $5.56–$5.72, representing growth of 2.5%–5.5% from a 2025 base of $5.42. Management expects earnings growth to be weighted toward the second half of the year, reflecting a progressive increase in cigarette import and export activity. Guidance incorporates planned investments in contract manufacturing capabilities, limited volume impact from illicit enforcement actions, and the assumption that NJOY ACE will not return to the marketplace in 2026. The reaffirmation signals confidence in earnings durability despite regulatory and volume headwinds.

Headquartered in Richmond, Virginia, Altria Group, Inc. (NYSE:MO) is a leading U.S. tobacco company with a diversified portfolio spanning combustible and next-generation nicotine products.

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Disclosure: None.