Amcor (AMCR) Shares Gain as Analysts Raise Price Targets Amid Positive Outlook

Amcor Plc (AMCR) is experiencing positive market sentiment as several analysts have adjusted their price targets on Amcor’s US-listed shares upward, citing the company’s strategic initiatives and earnings potential. This comes amid reaffirmed fiscal 2026 guidance and ongoing integration efforts following the Berry Global acquisition.

Amcor Price Targets

As of January 7, 2026, Amcor’s shares are trading at $8.57, a slight increase of 0.01% or $0.10 from the previous close. The analyst upgrades appear to be contributing to positive, if modest, market momentum.

Baird analyst Ghansham Panjabi upgraded Amcor’s U.S.-listed shares to Outperform from Neutral, maintaining a $10 price target. Panjabi’s research note highlighted the potential for “competitive” earnings growth through fiscal 2027, driven by synergies from the Berry Global acquisition and debt deleveraging. The firm projects that Amcor could report double-digit earnings growth through fiscal 2027 at a minimum.

Truist Financial analyst Michael Roxland also raised the firm’s price target on Amcor to $12 from $11, keeping a Buy rating on the shares. Roxland anticipates modestly challenged packaging volumes in early 2026 due to limited promotions, while noting that some consumer packaged goods (CPG) companies are successfully driving volume while retaining price gains. The analyst also expects continued growth in beverage cans in North America and Europe, with containerboard producers likely to implement price increases successfully due to disciplined supply management.

Amcor reaffirmed its fiscal 2026 guidance, projecting adjusted earnings per share (EPS) between $0.80 and $0.83, a 12% to 17% increase compared to fiscal 2025. The company expects at least $260 million in pre-tax synergy benefits from the Berry Global acquisition and free cash flow between $1.8 billion and $1.9 billion, after accounting for approximately $220 million in net cash integration and transaction costs.

Following the completion of its merger with Berry Global on April 30, 2025, Amcor is integrating the two businesses. Management has identified approximately $2.5 billion in annual sales from non-core assets, including the $1.5 billion North American Beverage business, and is exploring alternatives such as divestitures, partnerships, or restructuring for these assets. Progress on smaller asset divestitures is anticipated during fiscal 2026.

In November 2025, Morgan Stanley reduced its price target for Amcor to $11.50 from $12.00, maintaining an Overweight rating. This adjustment followed Amcor’s first-quarter fiscal 2026 results, leading the investment bank to slightly lower its operating profit forecasts for fiscal years 2026 through 2028.

Amcor’s first-quarter fiscal 2026 earnings reported adjusted EPS of $0.19, surpassing analyst expectations of $0.18. Revenue reached $5.75 billion, slightly exceeding forecasts. The company attributed this performance to robust growth in its Global Flexible Packaging Solutions segment and successful integration of the Berry acquisition.

AMCR Analyst Summary

The recent analyst upgrades and reaffirmed fiscal 2026 guidance suggest a cautiously optimistic outlook for Amcor, though successful integration of Berry Global and strategic portfolio adjustments will be key to sustaining positive momentum.