Hormel Foods Corporation (HRL)
NYSE: HRL · Real-Time Price · USD
29.40
-0.12 (-0.41%)
Jul 24, 2025, 12:59 PM - Market open

Hormel Foods Stock Forecast

Stock Price Forecast

The 3 analysts that cover Hormel Foods stock have a consensus rating of "Buy" and an average price target of $34, which forecasts a 15.69% increase in the stock price over the next year. The lowest target is $31 and the highest is $36.

Price Target: $34 (+15.69%)
Analyst Consensus: Buy
TargetLowAverageMedianHigh
Price$31$34$35$36
Change+5.48%+15.69%+19.09%+22.49%
* Price targets were last updated on May 22, 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

RatingFeb '25Mar '25Apr '25May '25Jun '25Jul '25
Strong Buy111111
Buy111111
Hold222221
Sell000000
Strong Sell111000
Total555443

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Stephens & Co.
Stephens & Co.
Hold
Reiterates
$31
HoldReiterates$31+5.48%May 22, 2025
Stephens & Co.
Stephens & Co.
Hold
Reiterates
$31
HoldReiterates$31+5.48%Feb 18, 2025
Barclays
Barclays
Buy
Upgrades
$35$36
BuyUpgrades$35$36+22.49%Jan 22, 2025
Citigroup
Citigroup
Strong Buy
Maintains
$36$35
Strong BuyMaintains$36$35+19.09%Nov 19, 2024
Stephens & Co.
Stephens & Co.
Hold
Initiates
$31
HoldInitiates$31+5.48%Oct 3, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
12.24B
from 11.92B
Increased by 2.67%
Revenue Next Year
12.55B
from 12.24B
Increased by 2.57%
EPS This Year
1.63
from 1.47
Increased by 10.91%
EPS Next Year
1.83
from 1.63
Increased by 12.13%
Fiscal YearFY 2020FY 2021FY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingOct 25, 2020Oct 31, 2021Oct 30, 2022Oct 29, 2023Oct 27, 2024Oct 27, 2025Oct 27, 2026Oct 27, 2027
Revenue
9.61B11.39B12.46B12.11B11.92B12.24B12.55B12.91B
Revenue Growth
1.17%18.50%9.42%-2.80%-1.56%2.67%2.57%2.81%
EPS
1.661.661.821.451.471.631.832.05
EPS Growth
-7.78%-9.64%-20.33%1.29%10.91%12.13%12.11%
Forward PE
-----18.0416.0914.35
No. Analysts
-----13139
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue202520262027
High12.8B13.2B13.5B
Avg12.2B12.6B12.9B
Low11.8B12.1B12.4B

Revenue Growth

Revenue Growth202520262027
High
7.6%
7.6%
7.6%
Avg
2.7%
2.6%
2.8%
Low
-1.0%
-1.4%
-1.0%

EPS Forecast

EPS202520262027
High1.732.072.19
Avg1.631.832.05
Low1.521.621.91

EPS Growth

EPS Growth202520262027
High
18.0%
27.0%
20.1%
Avg
10.9%
12.1%
12.1%
Low
3.4%
-0.7%
4.6%
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.