Hormel Foods Corporation (HRL)
NYSE: HRL · Real-Time Price · USD
23.76
-0.14 (-0.57%)
Oct 9, 2025, 4:00 PM EDT - Market closed

Hormel Foods Stock Forecast

Stock Price Forecast

The 5 analysts that cover Hormel Foods stock have a consensus rating of "Buy" and an average price target of $30.8, which forecasts a 29.66% increase in the stock price over the next year. The lowest target is $28 and the highest is $34.

Price Target: $30.8 (+29.66%)
Analyst Consensus: Buy
TargetLowAverageMedianHigh
Price$28$30.8$31$34
Change+17.87%+29.66%+30.50%+43.13%
* Price targets were last updated on Aug 29, 2025.

Analyst Ratings

The average analyst rating for Hormel Foods stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

RatingMay '25Jun '25Jul '25Aug '25Sep '25Oct '25
Strong Buy111111
Buy111222
Hold222222
Sell000000
Strong Sell000000
Total444555

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
JP Morgan
JP Morgan
Buy
Maintains
$34$30
BuyMaintains$34$30+26.29%Aug 29, 2025
Goldman Sachs
Goldman Sachs
Strong Buy
Maintains
$35$31
Strong BuyMaintains$35$31+30.50%Aug 29, 2025
Barclays
Barclays
Buy
Maintains
$36$34
BuyMaintains$36$34+43.13%Aug 29, 2025
B of A Securities
B of A Securities
Hold
Maintains
$35$28
HoldMaintains$35$28+17.87%Aug 29, 2025
JP Morgan
JP Morgan
Buy
Upgrades
$29$34
BuyUpgrades$29$34+43.13%Aug 20, 2025
More Analyst Ratings

Financial Forecast

Revenue This Year
12.27B
from 11.92B
Increased by 2.92%
Revenue Next Year
12.60B
from 12.27B
Increased by 2.70%
EPS This Year
1.46
from 1.47
Decreased by -0.87%
EPS Next Year
1.56
from 1.46
Increased by 7.28%
Fiscal YearFY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingOct 25, 2020Oct 31, 2021Oct 30, 2022Oct 29, 2023Oct 27, 2024Oct 27, 2025Oct 27, 2026
Revenue
9.61B11.39B12.46B12.11B11.92B12.27B12.60B
Revenue Growth
1.17%18.50%9.42%-2.80%-1.56%2.92%2.70%
EPS
1.661.661.821.451.471.461.56
EPS Growth
-7.78%-9.64%-20.33%1.29%-0.87%7.28%
Forward PE
-----16.3215.21
No. Analysts
-----1414
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue20252026202720282029
High12.8B13.2B
Avg12.3B12.6B
Low11.9B12.1B

Revenue Growth

Revenue Growth20252026202720282029
High
7.5%
7.8%
Avg
2.9%
2.7%
Low
-0.5%
-1.2%

EPS Forecast

EPS20252026202720282029
High1.521.68
Avg1.461.56
Low1.401.49

EPS Growth

EPS Growth20252026202720282029
High
3.7%
15.4%
Avg
-0.9%
7.3%
Low
-4.6%
2.3%
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.