Hormel Foods Corporation (HRL)

Hormel Foods Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for Hormel Foods stock have an average target of 32.4, with a low estimate of 28 and a high estimate of 36. The average target predicts an increase of 7.23% from the current stock price of 30.22.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$28	$32.4	$32	$36
Change	-7.33%	+7.23%	+5.91%	+19.15%

Analyst Ratings

The average analyst rating for Hormel Foods stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25
Strong Buy	1	1	1	1	1	1
Buy	0	0	0	0	0	1
Hold	3	3	4	4	4	2
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	5	5	6	6	6	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Benjamin Theurer Barclays	Barclays	Hold → Buy Upgrades $35 → $36	Hold → Buy	Upgrades	$35 → $36	+19.15%	Jan 22, 2025
Benjamin Theurer Barclays	Barclays	Hold Maintains $35 → $36	Hold	Maintains	$35 → $36	+19.15%	Jan 21, 2025
Thomas Palmer Citigroup	Citigroup	Strong Buy Maintains $36 → $35	Strong Buy	Maintains	$36 → $35	+15.84%	Nov 19, 2024
Pooran Sharma Stephens & Co.	Stephens & Co.	Hold Initiates $31	Hold	Initiates	$31	+2.60%	Oct 3, 2024
Thomas Palmer Citigroup	Citigroup	Hold → Strong Buy Upgrades $33 → $37	Hold → Strong Buy	Upgrades	$33 → $37	+22.46%	Aug 13, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

12.20B

Increased by 2.33%

from 11.92B

Revenue Next Year

12.45B

Increased by 2.05%

from 12.20B

EPS This Year

1.67

Increased by 13.83%

from 1.47

EPS Next Year

1.86

Increased by 11.29%

from 1.67

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Oct 25, 2020	Oct 31, 2021	Oct 30, 2022	Oct 29, 2023	Oct 27, 2024	Oct 27, 2025	Oct 27, 2026	Oct 27, 2027
Revenue	9.61B	11.39B	12.46B	12.11B	11.92B	12.20B	12.45B	12.68B
Revenue Growth	1.17%	18.50%	9.42%	-2.80%	-1.56%	2.33%	2.05%	1.86%
EPS	1.66	1.66	1.82	1.45	1.47	1.67	1.86	1.98
EPS Growth	-7.78%	-	9.64%	-20.33%	1.29%	13.83%	11.29%	6.37%
Forward PE	-	-	-	-	-	18.07	16.24	15.27
No. Analysts	-	-	-	-	-	13	12	6

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	12.8B	13.1B	13.3B
Avg	12.2B	12.4B	12.7B
Low	11.7B	12.0B	12.1B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	7.5%	7.5%	6.9%
Avg	2.3%	2.0%	1.9%
Low	-2.1%	-1.9%	-2.8%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	1.76	2.02	2.23
Avg	1.67	1.86	1.98
Low	1.61	1.71	1.80

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	19.9%	20.6%	19.6%
Avg	13.8%	11.3%	6.4%
Low	9.4%	2.3%	-3.1%

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.