Hormel Foods Corporation (HRL)

Hormel Foods Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Hormel Foods stock have an average target of 33.5, with a low estimate of 31 and a high estimate of 36. The average target predicts an increase of 11.52% from the current stock price of 30.04.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$31	$33.5	$35	$36
Change	+3.20%	+11.52%	+16.51%	+19.84%

* Price targets were last updated on Feb 18, 2025.

Analyst Ratings

The average analyst rating for Hormel Foods stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	1	1	1	1	1	1
Buy	0	0	1	1	1	1
Hold	4	4	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	0
Total	6	6	5	5	5	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Pooran Sharma Stephens & Co.	Stephens & Co.	Hold Reiterates $31	Hold	Reiterates	$31	+3.20%	Feb 18, 2025
Benjamin Theurer Barclays	Barclays	Hold → Buy Upgrades $35 → $36	Hold → Buy	Upgrades	$35 → $36	+19.84%	Jan 22, 2025
Thomas Palmer Citigroup	Citigroup	Strong Buy Maintains $36 → $35	Strong Buy	Maintains	$36 → $35	+16.51%	Nov 19, 2024
Pooran Sharma Stephens & Co.	Stephens & Co.	Hold Initiates $31	Hold	Initiates	$31	+3.20%	Oct 3, 2024
Thomas Palmer Citigroup	Citigroup	Hold → Strong Buy Upgrades $33 → $37	Hold → Strong Buy	Upgrades	$33 → $37	+23.17%	Aug 13, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

12.24B

Increased by 2.66%

from 11.92B

Revenue Next Year

12.52B

Increased by 2.26%

from 12.24B

EPS This Year

1.63

Increased by 10.86%

from 1.47

EPS Next Year

1.81

Increased by 11.36%

from 1.63

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	12.24B	12.52B	12.95B
Revenue Growth	1.17%	18.50%	9.42%	-2.80%	-1.56%	2.66%	2.26%	3.44%
EPS	1.66	1.66	1.82	1.45	1.47	1.63	1.81	1.91
EPS Growth	-7.78%	-	9.64%	-20.33%	1.29%	10.86%	11.36%	5.47%
Forward PE	-	-	-	-	-	18.45	16.57	15.71
No. Analysts	-	-	-	-	-	13	13	8

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	12.8B	13.2B	13.7B
Avg	12.2B	12.5B	12.9B
Low	11.8B	11.9B	12.4B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	7.4%	7.5%	9.6%
Avg	2.7%	2.3%	3.4%
Low	-1.4%	-3.1%	-1.1%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	1.73	1.96	2.09
Avg	1.63	1.81	1.91
Low	1.52	1.62	1.79

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	18.0%	20.6%	15.2%
Avg	10.9%	11.4%	5.5%
Low	3.4%	-0.7%	-1.1%

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.