Campbell Soup Company (CPB)

Campbell Soup Company Stock Forecast

Stock Price Forecast

The 17 analysts with 12-month price forecasts for CPB stock have an average target of 46.12, with a low estimate of 40 and a high estimate of 52. The average target predicts an increase of 1.30% from the current stock price of 45.53.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$40	$46.12	$46	$52
Change	-12.15%	+1.30%	+1.03%	+14.21%

Analyst Ratings

The average analyst rating for CPB stock from 17 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	0	0	1	1	1	1
Buy	1	1	1	1	1	2
Hold	10	10	10	10	11	10
Sell	2	2	2	2	2	1
Strong Sell	1	2	2	2	3	3
Total	14	15	16	16	18	17

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ken Goldman JP Morgan	JP Morgan	Hold → Buy Upgrades $45 → $52	Hold → Buy	Upgrades	$45 → $52	+14.21%	Jun 26, 2024
Brian Holland DA Davidson	DA Davidson	Strong Buy Maintains $47 → $49	Strong Buy	Maintains	$47 → $49	+7.62%	Jun 10, 2024
John Baumgartner Wells Fargo	Wells Fargo	Hold Maintains $45 → $47	Hold	Maintains	$45 → $47	+3.23%	Jun 7, 2024
Nik Modi RBC Capital	RBC Capital	Hold Reiterates $47	Hold	Reiterates	$47	+3.23%	Jun 7, 2024
Thomas Palmer Citigroup	Citigroup	Strong Sell Maintains $41 → $42	Strong Sell	Maintains	$41 → $42	-7.75%	May 23, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

9.76B

Increased by 4.33%

from 9.36B

Revenue Next Year

10.65B

Increased by 9.12%

from 9.76B

EPS This Year

3.11

Increased by 9.16%

from 2.85

EPS Next Year

3.26

Increased by 4.78%

from 3.11

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029
Revenue	8.11B	8.69B	8.48B	8.56B	9.36B	9.76B	10.65B	10.77B	11.09B	11.46B	11.81B
Revenue Growth	22.55%	7.20%	-2.47%	1.01%	9.29%	4.33%	9.12%	1.12%	2.97%	3.33%	3.02%
EPS	0.70	5.36	3.29	2.51	2.85	3.11	3.26	3.48	3.80	4.16	4.92
EPS Growth	-18.60%	665.71%	-38.62%	-23.71%	13.55%	9.16%	4.78%	6.88%	8.97%	9.53%	18.29%
Forward PE	-	-	-	-	-	14.64	13.97	13.07	11.99	10.95	9.26
No. Analysts	-	-	-	-	-	23	23	15	4	3	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028	2029
High	10.2B	11.3B	11.4B	11.7B	12.0B	12.3B
Avg	9.8B	10.7B	10.8B	11.1B	11.5B	11.8B
Low	9.4B	10.1B	10.2B	10.5B	11.0B	11.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028	2029
High	8.9%	15.7%	7.1%	9.0%	8.4%	7.1%
Avg	4.3%	9.1%	1.1%	3.0%	3.3%	3.0%
Low	0.7%	3.2%	-4.6%	-2.7%	-0.6%	-0.0%

EPS Forecast

EPS	2024	2025	2026	2027	2028	2029
High	3.26	3.47	3.86	4.39	4.79	5.11
Avg	3.11	3.26	3.48	3.80	4.16	4.92
Low	3.01	3.11	3.27	3.45	3.60	4.77

EPS Growth

EPS Growth	2024	2025	2026	2027	2028	2029
High	14.2%	11.4%	18.5%	26.0%	26.1%	23.0%
Avg	9.2%	4.8%	6.9%	9.0%	9.5%	18.3%
Low	5.6%	-0.1%	0.4%	-1.0%	-5.2%	14.8%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.