Hershey Stock Forecast

Stock Price Forecast

The 18 analysts with 12-month price forecasts for Hershey stock have an average target of 218.22, with a low estimate of 179 and a high estimate of 285. The average target predicts an increase of 17.94% from the current stock price of 185.02.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$179	$218.22	$210	$285
Change	-3.25%	+17.94%	+13.50%	+54.04%

Analyst Ratings

The average analyst rating for Hershey stock from 20 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	4	2	2	2	2	2
Buy	2	2	3	3	2	2
Hold	12	14	15	15	15	15
Sell	0	0	0	1	1	1
Strong Sell	0	0	0	0	0	0
Total	18	18	20	21	20	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Chris Carey Wells Fargo	Wells Fargo	Hold Maintains $205 → $200	Hold	Maintains	$205 → $200	+8.10%	Apr 17, 2024
Michael Lavery Piper Sandler	Piper Sandler	Hold Maintains $200 → $179	Hold	Maintains	$200 → $179	-3.25%	Apr 15, 2024
Thomas Palmer Citigroup	Citigroup	Hold Maintains $213 → $199	Hold	Maintains	$213 → $199	+7.56%	Apr 11, 2024
Max Gumport Exane BNP Paribas	Exane BNP Paribas	Buy → Hold Downgrades $208	Buy → Hold	Downgrades	$208	+12.42%	Mar 26, 2024
Nik Modi RBC Capital	RBC Capital	Hold Reiterates $213	Hold	Reiterates	$213	+15.12%	Mar 15, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

11.59B

from 11.16B

3.83%

from 11.16B

Revenue Next Year

11.97B

from 11.59B

3.27%

from 11.59B

EPS This Year

9.68

from 9.06

6.88%

from 9.06

EPS Next Year

10.23

from 9.68

5.64%

from 9.68

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	7.99B	8.15B	8.97B	10.42B	11.16B	11.59B	11.97B	12.37B	13.24B	13.98B
Revenue Growth	2.51%	2.05%	10.08%	16.14%	7.16%	3.83%	3.27%	3.33%	7.06%	5.56%
EPS	5.46	6.11	7.11	7.96	9.06	9.68	10.23	10.87	11.92	12.31
EPS Growth	-2.15%	11.90%	16.37%	11.95%	13.82%	6.88%	5.64%	6.24%	9.73%	3.25%
No. Analysts	-	-	-	-	-	25	24	12	3	2

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	12.4B	12.8B	13.3B	14.0B	14.5B
Avg	11.6B	12.0B	12.4B	13.2B	14.0B
Low	11.2B	11.5B	11.8B	12.5B	13.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	10.7%	10.7%	11.2%	13.4%	9.7%
Avg	3.8%	3.3%	3.3%	7.1%	5.6%
Low	-0.0%	-1.1%	-1.8%	0.9%	2.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	10.41	11.01	11.96	12.73	12.80
Avg	9.68	10.23	10.87	11.92	12.31
Low	8.89	9.00	10.21	11.26	11.95

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	14.9%	13.7%	16.9%	17.1%	7.3%
Avg	6.9%	5.6%	6.2%	9.7%	3.2%
Low	-1.9%	-7.1%	-0.2%	3.6%	0.2%

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.