Hormel Foods Stock Forecast

Stock Price Forecast

According to 10 analysts polled by S&P Global, Hormel Foods stock has a consensus rating of "Hold" and an average price target of $27. The average 1-year stock price forecast is 10.02% higher than the current stock price, while the lowest is $25 (+1.87%) and the highest is $30 (+22.25%).

Price Target: $27 (+10.02%)

Analyst Consensus: Hold

Price Target

Chart

Target	Low	Average	Median	High
Price	$25	$27	$27	$30
Change	+1.87%	+10.02%	+10.02%	+22.25%

Analyst Ratings

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

Recommendation Trends

Chart

Rating	Mar '26	Apr '26	May '26	Jun '26	Jul '26	Aug '26
Strong Buy	1	1	1	1	1	1
Buy	3	2	2	1	1	2
Hold	6	7	7	8	8	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	10	10	10	10	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Thomas Palmer J.P. Morgan	J.P. Morgan	Hold Maintains $25 → $26	Hold	Maintains	$25 → $26	+5.95%	Aug 14, 2026
Peter Galbo Bank of America Securities	Bank of America Securities	Hold Maintains $27	Hold	Maintains	$27	+10.02%	Aug 13, 2026
Benjamin Theurer Barclays	Barclays	Buy Reiterates $30	Buy	Reiterates	$30	+22.25%	Jul 16, 2026
Michael Lavery Piper Sandler	Piper Sandler	Hold Maintains $26	Hold	Maintains	$26	+5.95%	Jul 13, 2026
Leah Jordan Goldman Sachs	Goldman Sachs	Buy Maintains $25 → $27	Buy	Maintains	$25 → $27	+10.02%	Jun 26, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

12.28B

from 12.11B

1.43%

from 12.11B

Revenue Next Year

12.45B

from 12.28B

1.41%

from 12.28B

EPS This Year

1.49

from 1.37

8.99%

from 1.37

EPS Next Year

1.56

from 1.49

4.42%

from 1.49

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Oct 31, 2021	Oct 30, 2022	Oct 29, 2023	Oct 27, 2024	Oct 26, 2025	Oct 31, 2026
Revenue	11.39B	12.46B	12.11B	11.92B	12.11B	12.28B
Revenue Growth	18.50%	9.42%	-2.80%	-1.56%	1.56%	1.43%
Gross Profit	1.94B	2.16B	2.00B	2.03B	1.90B	1.99B
Gross Margin	17.05%	17.37%	16.51%	17.01%	15.70%	16.24%
Operating Income	1.12B	1.29B	1.06B	1.09B	960.66M	1.10B
Net Income	908.84M	999.99M	793.57M	805.04M	478.20M	743.60M
EPS	-	-	-	-	1.37	1.49
EPS Growth	-	-	-	-	-13.29%	8.99%
Forward PE	21.77	24.02	18.85	18.89	16.12	16.44
Dividend / Share	0.98	1.04	1.10	1.13	1.16	1.17
Dividend Growth	5.38%	6.12%	5.77%	2.73%	2.66%	0.80%
Free Cash Flow	362.95M	475.20M	608.89M	746.78M	288.03M	866.50M
No. Analysts	-	-	-	-	-	8

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	12.3B
Avg	12.3B
Low	12.2B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	1.9%
Avg	1.4%
Low	0.5%

EPS Forecast

Chart

EPS	2026	2027	2028
High	1.51
Avg	1.49
Low	1.48

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	10.2%
Avg	9.0%
Low	8.0%