Hershey Stock Forecast

Stock Price Forecast

The 17 analysts with 12-month price forecasts for Hershey stock have an average target of 205.94, with a low estimate of 179 and a high estimate of 248. The average target predicts an increase of 7.74% from the current stock price of 191.15.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$179	$205.94	$204	$248
Change	-6.36%	+7.74%	+6.72%	+29.74%

Analyst Ratings

The average analyst rating for Hershey stock from 18 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	2	2	2	2	2	2
Buy	3	2	2	2	2	2
Hold	15	15	15	14	14	13
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	21	20	20	19	19	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Thomas Palmer Citigroup	Citigroup	Hold Maintains $204 → $188	Hold	Maintains	$204 → $188	-1.65%	Jul 17, 2024
Alexia Howard Bernstein	Bernstein	Buy Maintains $237 → $230	Buy	Maintains	$237 → $230	+20.32%	Jul 17, 2024
Bryan Spillane B of A Securities	B of A Securities	Hold Maintains $210 → $200	Hold	Maintains	$210 → $200	+4.63%	Jul 10, 2024
Michael Lavery Piper Sandler	Piper Sandler	Hold Maintains $179	Hold	Maintains	$179	-6.36%	Jun 21, 2024
Chris Carey Wells Fargo	Wells Fargo	Hold Maintains $205 → $195	Hold	Maintains	$205 → $195	+2.01%	Jun 21, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

11.57B

from 11.16B

3.66%

from 11.16B

Revenue Next Year

12.02B

from 11.57B

3.86%

from 11.57B

EPS This Year

9.70

from 9.06

7.10%

from 9.06

EPS Next Year

9.89

from 9.70

1.92%

from 9.70

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	7.99B	8.15B	8.97B	10.42B	11.16B	11.57B	12.02B	12.50B	12.98B	13.44B
Revenue Growth	2.51%	2.05%	10.08%	16.14%	7.16%	3.66%	3.86%	3.96%	3.86%	3.54%
EPS	5.46	6.11	7.11	7.96	9.06	9.70	9.89	10.62	11.43	11.79
EPS Growth	-2.15%	11.90%	16.37%	11.95%	13.82%	7.10%	1.92%	7.38%	7.68%	3.14%
Forward PE	-	-	-	-	-	19.70	19.33	18.00	16.72	16.21
No. Analysts	-	-	-	-	-	26	26	15	5	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	12.2B	12.9B	13.7B	13.8B	14.3B
Avg	11.6B	12.0B	12.5B	13.0B	13.4B
Low	11.1B	11.4B	11.8B	12.1B	12.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	9.0%	11.9%	14.1%	10.6%	9.8%
Avg	3.7%	3.9%	4.0%	3.9%	3.5%
Low	-0.5%	-1.8%	-1.9%	-2.8%	-1.5%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	10.19	11.15	12.12	12.97	12.46
Avg	9.70	9.89	10.62	11.43	11.79
Low	9.36	8.72	9.59	10.32	11.25

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	12.4%	14.9%	22.5%	22.1%	9.0%
Avg	7.1%	1.9%	7.4%	7.7%	3.1%
Low	3.3%	-10.1%	-3.0%	-2.8%	-1.6%

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.