Hormel Foods Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for Hormel Foods stock have an average target of 28.67, with a low estimate of 26 and a high estimate of 34. The average target predicts an increase of 17.79% from the current stock price of 24.34.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$26	$28.67	$28	$34
Change	+6.82%	+17.79%	+15.04%	+39.69%

Analyst Ratings

The average analyst rating for Hormel Foods stock from 6 stock analysts 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	+6.82%	Dec 5, 2025
Thomas Palmer JP Morgan	JP Morgan	Buy Maintains $27 → $28	Buy	Maintains	$27 → $28	+15.04%	Dec 5, 2025
Peter Galbo B of A Securities	B of A Securities	Hold Maintains $25 → $26	Hold	Maintains	$25 → $26	+6.82%	Dec 5, 2025
Thomas Palmer JP Morgan	JP Morgan	Buy Maintains $30 → $27	Buy	Maintains	$30 → $27	+10.93%	Nov 21, 2025
Michael Lavery Piper Sandler	Piper Sandler	Hold Maintains $26 → $25	Hold	Maintains	$26 → $25	+2.71%	Nov 6, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

12.53B

from 12.11B

3.46%

from 12.11B

Revenue Next Year

12.87B

from 12.53B

2.75%

from 12.53B

EPS This Year

1.47

from 0.87

68.80%

from 0.87

EPS Next Year

1.59

from 1.47

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	-	-	-	-	-	16.59	15.33
No. Analysts	-	-	-	-	-	13	9

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

Revenue Forecast

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

Revenue Growth

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

EPS Forecast

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

EPS Growth

EPS Growth	2026	2027
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.