Hormel Foods Stock Forecast

Stock Price Forecast

The 6 analysts with 12-month price forecasts for Hormel Foods stock have an average target of 26.33, with a low estimate of 25 and a high estimate of 30. The average target predicts a decrease of -0.68% from the current stock price of 26.51.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$25	$26.33	$26	$30
Change	-5.70%	-0.68%	-1.92%	+13.16%

Analyst Ratings

The average analyst rating for Hormel Foods stock from 10 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	1	1	1	1	1	1
Buy	3	3	3	2	2	2
Hold	6	6	6	7	7	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
Leah Jordan Goldman Sachs	Goldman Sachs	Buy Maintains $25 → $27	Buy	Maintains	$25 → $27	+1.85%	Jun 26, 2026
Thomas Palmer J.P. Morgan	J.P. Morgan	Hold Maintains $23 → $25	Hold	Maintains	$23 → $25	-5.70%	Jun 3, 2026
Michael Lavery Piper Sandler	Piper Sandler	Hold Maintains $26	Hold	Maintains	$26	-1.92%	May 29, 2026
Pooran Sharma Stephens	Stephens	Hold Maintains $22 → $25	Hold	Maintains	$22 → $25	-5.70%	May 29, 2026
Peter Galbo Bank of America Securities	Bank of America Securities	Hold Reiterates $23 → $25	Hold	Reiterates	$23 → $25	-5.70%	May 29, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

12.30B

from 12.11B

1.58%

from 12.11B

Revenue Next Year

12.48B

from 12.30B

1.46%

from 12.30B

EPS This Year

1.49

from 1.37

9.03%

from 1.37

EPS Next Year

1.56

from 1.49

4.49%

from 1.49

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 31, 2026	Oct 31, 2027
Revenue	11.39B	12.46B	12.11B	11.92B	12.11B	12.30B	12.48B
Revenue Growth	18.50%	9.42%	-2.80%	-1.56%	1.56%	1.58%	1.46%
EPS	1.66	1.82	1.45	1.47	0.87	1.46	1.53
EPS Growth	-	9.64%	-20.33%	1.29%	-40.82%	68.46%	4.72%
Forward PE	-	-	-	-	-	18.10	17.29
No. Analysts	-	-	-	-	-	8	8

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

Revenue Forecast

Revenue	2026	2027
High	12.3B	12.6B
Avg	12.3B	12.5B
Low	12.2B	12.3B

Revenue Growth

Revenue Growth	2026	2027
High	1.9%	2.3%
Avg	1.6%	1.5%
Low	0.9%	-0.0%

EPS Forecast

EPS	2026	2027
High	1.51	1.61
Avg	1.49	1.56
Low	1.48	1.41

EPS Growth

EPS Growth	2026	2027
High	10.0%	7.9%
Avg	9.0%	4.5%
Low	8.0%	-5.6%

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.