Hormel Foods Corporation (HRL)
NYSE: HRL · Real-Time Price · USD
24.04
+0.08 (0.33%)
Oct 21, 2025, 9:44 AM EDT - Market open
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 28.12% increase in the stock price over the next year. The lowest target is $28 and the highest is $34.
Price Target: $30.8 (+28.12%)
Analyst Consensus: Buy
* 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
| Rating | May '25 | Jun '25 | Jul '25 | Aug '25 | Sep '25 | Oct '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 4 | 4 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $34 → $30 | Buy | Maintains | $34 → $30 | +24.79% | Aug 29, 2025 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $35 → $31 | Strong Buy | Maintains | $35 → $31 | +28.95% | Aug 29, 2025 |
| Barclays | Barclays | Buy Maintains $36 → $34 | Buy | Maintains | $36 → $34 | +41.43% | Aug 29, 2025 |
| B of A Securities | B of A Securities | Hold Maintains $35 → $28 | Hold | Maintains | $35 → $28 | +16.47% | Aug 29, 2025 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades $29 → $34 | Hold → Buy | Upgrades | $29 → $34 | +41.43% | Aug 20, 2025 |
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%
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 | |||
| Avg | 12.3B | 12.6B | |||
| Low | 11.9B | 12.1B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 7.5% | 7.8% | |||
| Avg | 2.9% | 2.7% | |||
| Low | -0.5% | -1.2% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| High | 1.52 | 1.68 | |||
| Avg | 1.46 | 1.56 | |||
| Low | 1.40 | 1.49 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| 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.