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Hormel Foods (HRL): analyst forecast and price target
Analyst consensus
Hold2 Buy6 Hold0 Sell
Ratings of 8 analysts in the last 3 months12-month forecast
Based on 8 price targets given in the last 3 months, the average target is $25.14, the highest $29.00, the lowest $23.00. The average is +23.2% from the last price of $20.40.
Analyst ratings 12
| Analyst | Firm | Price target | Rating | Upside | Action | Date | Move vs SPY | |
|---|---|---|---|---|---|---|---|---|
| Benjamin Theurer★★★★★★★★★★#2287 · hits 52% · avg +4.8% | Barclays | $30.00 → $28.00−6.7% | Buy | +37.3% | Reiterated | 13.10.26on TipRanks Oct 14 05:00 | +1.1%next day +4.2% | ↗ |
| Max Gumport★★★★★★★★★★#6438 · hits 52% · avg +3.1% | Exane BNP Paribas | $26.00 → $23.00−11.5% | Hold | +12.7% | Reiterated | 07.10.26on TipRanks 09:35 | −1.4%next day −0.2% · 5 days +3.9% | ↗ |
| Michael Lavery★★★★★★★★★★#2684 · hits 49% · avg +4.4% | Piper Sandler | $26.00 | Hold | +27.5% | Reiterated | 06.10.26on TipRanks 06:50 | −1.5%next day −1.4% · 5 days −1.7% | ↗ |
| Leah Jordan★★★★★★★★★★#3020 · hits 52% · avg +9.4% | Goldman Sachs | $29.00 | Buy | +42.2% | Reiterated | 02.10.26on TipRanks Oct 5 09:35 | +0.7%next day −1.5% · 5 days −6.4% | ↗ |
| Peter Galbo★★★★★★★★★★#4157 · hits 54% · avg +2.5% | Bank of America Securities | $24.00 | Hold | +17.6% | Reiterated | 30.09.26on TipRanks Oct 1 05:09 | +0.7%next day −0.1% · 5 days −3.9% | ↗ |
| AI xAi Packaged FoodsxAI Grok-3 | TipRanks - xAI | $22.00 → $20.50−6.8% | Hold | +0.5% | Reiterated | 30.09.26on TipRanks 15:05 | — | |
| AI DeepSeek Packaged FoodsDeepSeek V3.2-Speciale | TipRanks - DeepSeek | $21.50 → $20.00−7.0% | Hold | −2.0% | Reiterated | 30.09.26on TipRanks 15:05 | — | |
| AI OpenAI Packaged FoodsOpenAI 5.2 | TipRanks - OpenAI | $22.00 → $21.00−4.5% | Hold | +2.9% | Reiterated | 30.09.26on TipRanks 15:05 | — | |
| AI Anthropic Packaged FoodsAnthropic Opus-4.6 | TipRanks - Anthropic | $21.50 → $20.50−4.7% | Hold | +0.5% | Reiterated | 30.09.26on TipRanks 15:05 | — | |
| AI Google Packaged FoodsGemini 3-pro | TipRanks - Google | $22.50 → $21.00−6.7% | Hold | +2.9% | Reiterated | 30.09.26on TipRanks 15:05 | — | |
| AI PerPlexity Packaged FoodsPerPlexity SonarPro | TipRanks - PerPlexity | $22.00 → $20.50−6.8% | Hold | +0.5% | Reiterated | 30.09.26on TipRanks 15:05 | — | |
| Benjamin Theurer★★★★★★★★★★#2287 · hits 52% · avg +4.8% | Barclays | $30.00 | Buy | +47.1% | Reiterated | 10.09.26on TipRanks 05:36 | 0.0%next day −2.1% · 5 days −1.0% | ↗ |
| Thomas Palmer★★★★★★★★★★#10734 · hits 43% · avg −2.0% | J.P. Morgan | $26.00 → $23.00−11.5% | Hold | +12.7% | Reiterated | 01.09.26on TipRanks Sep 2 08:05 | +1.3%next day −0.2% · 5 days −4.7% | ↗ |
| Pooran Sharma★★★★★★★★★★#3160 · hits 69% · avg +22.0% | Stephens | $25.00 → $23.00−8.0% | Hold | +12.7% | Reiterated | 28.08.26on TipRanks 07:14 | +1.6%next day +1.6% · 5 days −0.2% | ↗ |
| Peter Galbo★★★★★★★★★★#4157 · hits 54% · avg +2.5% | Bank of America Securities | $27.00 → $24.00−11.1% | Hold | +17.6% | Assigned | 28.08.26on TipRanks 06:30 | +1.6%next day +1.6% · 5 days −0.2% | ↗ |
| Unknown Analyst | Oppenheimer | — | Hold | — | Reiterated | 27.08.26on TipRanks 10:06 | −10.9%next day +1.6% · 5 days +1.6% | ↗ |
| Michael Lavery★★★★★★★★★★#2684 · hits 49% · avg +4.4% | Piper Sandler | $26.00 | Hold | +27.5% | Reiterated | 13.07.26on TipRanks 07:44 | +0.9%next day +1.1% · 5 days +4.3% | ↗ |
| Leah Jordan★★★★★★★★★★#3020 · hits 52% · avg +9.4% | Goldman Sachs | $25.00 → $27.00+8.0% | Buy | +32.4% | Reiterated | 25.06.26on TipRanks Jun 26 08:25 | +1.7%next day +2.6% · 5 days −5.3% | ↗ |
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Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst
Best analysts covering Hormel Foods
TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.
Most accurate
Most profitable
How the average price target moved
The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $25.20 at a price of $19.94 (+26.4%); now: $25.14 at $20.40 (+23.2%).
PriceAverage targetTop analysts’ target
Recommendation trend
Strong BuyBuyHoldSell
| Rating | 05.26 | 06.26 | 07.26 | 08.26 | 09.26 | 10.26 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 3 | 4 | 5 | 3 | 3 | 4 |
| Hold | 6 | 8 | 9 | 9 | 9 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Earnings and sales forecast
Next report: 02.12.26 (Q4 2026, date not confirmed)
Earnings per share
Next quarter’s EPS estimate — $0.37 (from $0.36 to $0.39). Last quarter: $0.37.
Sales
Next quarter’s sales estimate — $3.2B (from $3.0B to $3.2B). Last quarter: $3.0B.
Best top-analyst consensus in the sector · Consumerdefensive
About Hormel Foods
- CEO: Jeffrey Ettinger
- Employees: 20,000
- 1 Hormel Place, Austin, MN, 55912-3680, US
- www.hormelfoods.com
Hormel Foods Corporation is a prominent global food company that specializes in the creation, preparation, and supply of a diverse array of meat, nut, and other culinary items. Its extensive clientele spans retail outlets, institutional food providers (foodservice), specialty delis, and various commercial enterprises across the United States and internationally. The company's operations are strategically structured into four main divisions: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, and International & Other. Hormel's product portfolio is broad, encompassing numerous perishable goods such as fresh meats, frozen food selections, convenient refrigerated meal options, a variety of sausages, hams, guacamole, and bacon. Additionally, it offers a wide range of non-perishable items, including canned luncheon meats, various nut butters, snack nuts, chili, microwave-ready meals, hashes, stews, tortillas, salsas, and tortilla chips. Beyond these offerings, Hormel Foods is also actively involved in the processing, promotion, and distribution of both branded and unbranded products derived from pork, beef, poultry, and turkey. The company further supplies nutritional food items and supplements, dessert and beverage mixes, and industrial-grade gelatin. Its extensive product line is marketed under numerous widely recognized brand names, including SKIPPY, SPAM, Hormel, Natural Choice, Applegate, Justin's, Jennie-O, Café H, Herdez, Black Label, Sadler's, Columbus, Gatherings, Wholly, Planters, NUT-rition, Planters Cheez Balls, and Corn Nuts. These products reach consumers through a multi-channel distribution network, utilizing internal sales teams, independent brokers, and various distributors. Founded in 1891 as Geo. A. Hormel & Company, the organization was officially rebranded as Hormel Foods Corporation in January 1995. Its corporate headquarters are located in Austin, Minnesota.
Data from the stock’s TipRanks forecast page, read 5 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗