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Hormel Foods Corp has a consensus price target of $36.09 based on the ratings of 12 analysts. The high is $54 issued by Argus Research on December 30, 2022. The low is $28 issued by Goldman Sachs on March 1, 2024. The 3 most-recent analyst ratings were released by Stephens & Co., B of A Securities, and Stephens & Co. on May 22, 2025, April 15, 2025, and February 18, 2025, respectively. With an average price target of $32.33 between Stephens & Co., B of A Securities, and Stephens & Co., there's an implied 5.66% upside for Hormel Foods Corp from these most-recent analyst ratings.
1calculated from analyst ratings
Buy Now | Get Alert | |||||||
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05/22/2025 | Buy Now | 1.31% | Stephens & Co. | Pooran Sharma15% | $31 → $31 | Reiterates | Equal-Weight → Equal-Weight | Get Alert |
04/15/2025 | Buy Now | 14.38% | B of A Securities | — | $29 → $35 | Upgrade | Underperform → Neutral | Get Alert |
02/18/2025 | Buy Now | 1.31% | Stephens & Co. | Pooran Sharma15% | $31 → $31 | Reiterates | Equal-Weight → Equal-Weight | Get Alert |
01/22/2025 | Buy Now | 17.65% | Barclays | Benjamin Theurer62% | $35 → $36 | Upgrade | Equal-Weight → Overweight | Get Alert |
11/19/2024 | Buy Now | 14.38% | Citigroup | Thomas Palmer45% | $36 → $35 | Maintains | Buy | Get Alert |
10/03/2024 | Buy Now | 1.31% | Stephens & Co. | Pooran Sharma15% | → $31 | Reinstates | → Equal-Weight | Get Alert |
08/13/2024 | Buy Now | 20.92% | Citigroup | Thomas Palmer45% | $33 → $37 | Upgrade | Neutral → Buy | Get Alert |
05/31/2024 | Buy Now | 7.84% | Citigroup | Thomas Palmer45% | $35 → $33 | Maintains | Neutral | Get Alert |
05/31/2024 | Buy Now | 4.58% | Stephens & Co. | Ben Bienvenu75% | $32 → $32 | Reiterates | Equal-Weight → Equal-Weight | Get Alert |
05/31/2024 | Buy Now | -5.23% | JP Morgan | Thomas Palmer45% | $28 → $29 | Upgrade | Underweight → Neutral | Get Alert |
03/01/2024 | Buy Now | -8.5% | JP Morgan | Thomas Palmer45% | $27 → $28 | Maintains | Underweight | Get Alert |
03/01/2024 | Buy Now | 14.38% | Barclays | Benjamin Theurer62% | $33 → $35 | Maintains | Equal-Weight | Get Alert |
03/01/2024 | Buy Now | -8.5% | Goldman Sachs | Adam Samuelson57% | $26 → $28 | Maintains | Sell | Get Alert |
02/01/2024 | Buy Now | 1.31% | Citigroup | Thomas Palmer45% | → $31 | Initiates | → Neutral | Get Alert |
01/12/2024 | Buy Now | 7.84% | Piper Sandler | Michael Lavery66% | $31 → $33 | Maintains | Neutral | Get Alert |
11/30/2023 | Buy Now | -15.03% | Goldman Sachs | Adam Samuelson57% | $29 → $26 | Maintains | Sell | Get Alert |
10/16/2023 | Buy Now | 1.31% | JP Morgan | Thomas Palmer45% | $36 → $31 | Maintains | Underweight | Get Alert |
10/13/2023 | Buy Now | 14.38% | Piper Sandler | Michael Lavery66% | $41 → $35 | Maintains | Neutral | Get Alert |
10/13/2023 | Buy Now | -5.23% | Goldman Sachs | Adam Samuelson57% | $33 → $29 | Maintains | Sell | Get Alert |
06/01/2023 | Buy Now | 37.25% | Barclays | Benjamin Theurer62% | $45 → $42 | Maintains | Equal-Weight | Get Alert |
04/12/2023 | Buy Now | 40.52% | Piper Sandler | Paul Newsome84% | $44 → $43 | Maintains | Neutral | Get Alert |
03/30/2023 | Buy Now | — | Argus Research | John Staszak68% | — | Downgrade | Buy → Hold | Get Alert |
03/06/2023 | Buy Now | 53.59% | Stephens & Co. | Ben Bienvenu75% | $52 → $47 | Maintains | Equal-Weight | Get Alert |
03/03/2023 | Buy Now | 33.99% | Credit Suisse | Robert Moskow67% | $44 → $41 | Maintains | Neutral | Get Alert |
03/03/2023 | Buy Now | 24.18% | JP Morgan | Thomas Palmer45% | $47 → $38 | Downgrade | Neutral → Underweight | Get Alert |
12/30/2022 | Buy Now | 76.47% | Argus Research | Taylor Conrad50% | $53 → $54 | Maintains | Buy | Get Alert |
12/01/2022 | Buy Now | 53.59% | JP Morgan | Thomas Palmer45% | $48 → $47 | Maintains | Neutral | Get Alert |
09/22/2022 | Buy Now | 73.2% | Argus Research | John Staszak68% | $54 → $53 | Maintains | Buy | Get Alert |
09/02/2022 | Buy Now | 53.59% | Piper Sandler | Michael Lavery66% | $48 → $47 | Maintains | Neutral | Get Alert |
08/23/2022 | Buy Now | 79.74% | Stephens & Co. | Ben Bienvenu75% | $50 → $55 | Maintains | Equal-Weight | Get Alert |
The latest price target for Hormel Foods (NYSE:HRL) was reported by Stephens & Co. on May 22, 2025. The analyst firm set a price target for $31.00 expecting HRL to rise to within 12 months (a possible 1.31% upside). 7 analyst firms have reported ratings in the last year.
The latest analyst rating for Hormel Foods (NYSE:HRL) was provided by Stephens & Co., and Hormel Foods reiterated their equal-weight rating.
The last upgrade for Hormel Foods Corp happened on April 15, 2025 when B of A Securities raised their price target to $35. B of A Securities previously had an underperform for Hormel Foods Corp.
The last downgrade for Hormel Foods Corp happened on March 30, 2023 when Argus Research changed their price target from N/A to N/A for Hormel Foods Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Hormel Foods, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Hormel Foods was filed on May 22, 2025 so you should expect the next rating to be made available sometime around May 22, 2026.
While ratings are subjective and will change, the latest Hormel Foods (HRL) rating was a reiterated with a price target of $31.00 to $31.00. The current price Hormel Foods (HRL) is trading at is $30.60, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.
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