Hormel Foods Corporation (HRL)

Hormel Foods Stock Forecast

Stock Price Forecast

The 6 analysts that cover Hormel Foods stock have a consensus rating of "Buy" and an average price target of $28.67, which forecasts a 20.21% increase in the stock price over the next year. The lowest target is $26 and the highest is $34.

Price Target: $28.67 (+20.21%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$26	$28.67	$28	$34
Change	+9.01%	+20.21%	+17.40%	+42.56%

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

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Lavery Piper Sandler	Piper Sandler	Hold Maintains $25 → $26	Hold	Maintains	$25 → $26	+9.01%	Dec 5, 2025
Thomas Palmer JP Morgan	JP Morgan	Buy Maintains $27 → $28	Buy	Maintains	$27 → $28	+17.40%	Dec 5, 2025
Peter Galbo B of A Securities	B of A Securities	Hold Maintains $25 → $26	Hold	Maintains	$25 → $26	+9.01%	Dec 5, 2025
Thomas Palmer JP Morgan	JP Morgan	Buy Maintains $30 → $27	Buy	Maintains	$30 → $27	+13.21%	Nov 21, 2025
Michael Lavery Piper Sandler	Piper Sandler	Hold Maintains $26 → $25	Hold	Maintains	$26 → $25	+4.82%	Nov 6, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

12.53B

Increased by 3.46%

from 12.11B

Revenue Next Year

12.87B

Increased by 2.75%

from 12.53B

EPS This Year

1.47

Increased by 68.80%

from 0.87

EPS Next Year

1.59

Increased by 8.19%

from 1.47

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Oct 31, 2021	Oct 30, 2022	Oct 29, 2023	Oct 27, 2024	Oct 26, 2025	Oct 26, 2026	Oct 26, 2027
Revenue	11.39B	12.46B	12.11B	11.92B	12.11B	12.53B	12.87B
Revenue Growth	18.50%	9.42%	-2.80%	-1.56%	1.56%	3.46%	2.75%
EPS	1.66	1.82	1.45	1.47	0.87	1.47	1.59
EPS Growth	-	9.64%	-20.33%	1.29%	-40.82%	68.80%	8.19%
Forward PE	-	-	-	-	-	16.26	15.02
No. Analysts	-	-	-	-	-	13	9

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

Revenue Forecast

Revenue	2026	2027	2028	2029
High	13.2B	13.6B
Avg	12.5B	12.9B
Low	11.9B	12.2B

Revenue Growth

Revenue Growth	2026	2027	2028	2029
High	9.0%	8.3%
Avg	3.5%	2.7%
Low	-1.6%	-2.7%

EPS Forecast

EPS	2026	2027	2028	2029
High	1.68	1.87
Avg	1.47	1.59
Low	1.23	1.27

EPS Growth

EPS Growth	2026	2027	2028	2029
High	93.3%	27.4%
Avg	68.8%	8.2%
Low	40.9%	-13.2%

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.