Tupperware Brands TUP Stock Forecast 2023

Latest TUP Stock Price

Article Coverage: About the Company, Latest TUP News, Analyst Forecasts, Aggregated Forecasts, TUP Latest Production Update, Reasons to Buy or Sell TUP Stock, FAQs and Other detailed analysis.

Tupperware Brands Corporation’s (NYSE: TUP) stock was listed on the New York Stock Exchange on June 20, 1965, under the ticker symbol TUP. Tupperware Brands Corporation is a Fortune 500 company that sells household products, primarily through direct sales. The company was founded in 1938 by Earl Tupper, and it is headquartered in Orlando, Florida.

TUP Stock Forecast: Latest News

• Tupperware Case Update:
  • Investors of Tupperware (TUP) have requested the Eleventh Circuit to conduct an en banc review of a panel’s decision that denied their request to resurrect their fraud lawsuit. They argue that the decision goes against established U.S. Supreme Court and Eleventh Circuit rulings.
• Tupperware Brands Corporation announced that its CEO, Miguel Fernandez, would be resigning from his position effective September 30, 2023. Fernandez has served as CEO of Tupperware since 2014. The company has not yet named a successor to Fernandez.

TUP Stock Forecasts

Tupperware Brands Stock Analyst Forecast

TUP Price Target 2023 (Analyst)	Target Price
DA Davidson	$3

Tupperware Brands Stock Forecast Today

TUP Stock Forecast: IS TUP a good stock to buy?

Tupperware Brands has been struggling in recent years, but there are some signs that the company is starting to turn things around. The company has been cutting costs and improving its operational efficiency. This could lead to improved profitability in the future.

Tupperware Brands is a direct sales company, which means that it sells its products directly to consumers through a network of independent distributors. This business model has been successful for Tupperware Brands in the past, and it could continue to be successful in the future.

Tupperware Brands is a well-known brand with a strong reputation. This could give the company an advantage over its competitors.

Considering these factors TUP was a good investment option.

TUP Stock Performance in the Last 12 Months

• Last 5 Days: -6.4%
• Last 6 Months: -32.7%
• Last 1 Year: -78.2%
• YTD: -40.6%

TUP Prediction 2024: Reasons Not to Buy TUP Stock

Tupperware Brands has a high debt load, which could weigh on the company’s financial performance in the future. The company’s debt-to-equity ratio is currently at 2.5, which is higher than the industry average of 1.5. This means that the company is using more debt to finance its operations than other companies in the same industry. This could make it more difficult for the company to weather economic downturns or other unexpected events.

TUP stock has been volatile in recent months, with the stock price rising as much as 110% in the past week. This volatility could make it difficult to time your entry and exit points, and it could also increase your risk of losses.

TUP stock has been on a long-term decline, with the stock price down more than 60% over the past 5 years. This decline could be a sign that the company is not well-managed, and it could pose a risk to investors.

TUP Stock Price Prediction: How High Will TUP Go in 2024?

It is impossible to say for certain how high TUP stock will go in 2024. There are a number of factors that could impact the stock price, including the company’s financial performance, the competitive landscape, and the economic environment.

However, some analysts have set price targets for TUP stock in the future. For example, B. Riley Securities has a price target of $5, H.C. Wainwright has a price target of $10, and Northland Securities has a price target of $8.

If the economy grows in 2024, the stock price of Tupperware Brands could rise. This is because consumers are more likely to spend money on discretionary items like Tupperware products when the economy is doing well.

Will TUP Break above $10 in 2024?

It is impossible to say for certain whether TUP stock will break above $10 in 2024. However, some analysts believe that TUP stock could break above $10 in 2024. They point to the company’s recent turnaround efforts, which have included cutting costs, increasing sales, and expanding into new markets. They also believe that the company’s products are well-positioned for growth in the future, as consumers increasingly demand sustainable and eco-friendly products.

Of course, there are also some risks to consider. TUP stock is still trading below its all-time high, and the company faces competition from a number of other direct sales companies. Additionally, the economic environment could impact the stock price.

Overall, there are both risks and rewards to consider before investing in TUP stock in 2024.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.