Wendy's (WEN) Stock Price Target 2026

The average analyst price target for Wendy's is $8.92, 14.7% above the current price. Of 21 analysts, 3 rate it Buy, 12 Hold and 6 Sell. Targets range from $6 to $16. The latest change came on Oct 29, 2026, when Argus Research downgraded Wendy's from Buy to Sell.

The Average Analyst Price Target for Wendy's is $8.92.

Price Target Range — 9 Quarters

Analyst Consensus — 21 Analysts

3Buy

12Hold

6Sell

Consensus RatingNeutral# Analysts21Avg. Consensus PT$8.92Upside to Avg. PT+14.7%

Rating Trend — Last 9 Months

Latest Upgrades and Downgrades for Wendy's Stock

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Date	Firm	Analyst	Action	Rating Change	Price Target
Oct 29, 2026	Argus Research	Christine Dooley	Downgrade	Buy→Sell	—
Oct 28, 2026	TD Cowen	Andrew M. Charles	Maintained	Hold	$6
Oct 26, 2026	UBS	Dennis Geiger	PT Cut	Neutral	$8→$7
Oct 23, 2026	Citigroup	Jon Tower	PT Cut	Neutral	$8→$7
Oct 23, 2026	Evercore ISI Group	David Palmer	PT Cut	In-Line	$8→$7
Oct 15, 2026	Stephens & Co.	Jim Salera	PT Cut	Equal-Weight	$8→$7
Sep 16, 2026	Seaport Global	Eric Genco	Initiate	Neutral	—
Sep 1, 2026	Citigroup	Jon Tower	PT Raise	Neutral	$8→$8
Aug 10, 2026	Citigroup	Jon Tower	PT Raise	Neutral	$7→$8
Jul 28, 2026	Citigroup	Jon Tower	PT Cut	Neutral	$8→$7
Jun 23, 2026	Stephens & Co.	Jim Salera	Maintained	Equal-Weight	$8
May 13, 2026	Argus Research	Christine Dooley	Upgrade	Hold→Buy	$12
May 12, 2026	TD Cowen	Andrew M. Charles	Maintained	Hold	$6
May 11, 2026	BMO Capital	Andrew Strelzik	PT Cut	Market Perform	$9→$8
May 11, 2026	Citigroup	Jon Tower	PT Raise	Neutral	$7→$8
May 11, 2026	JP Morgan	Rahul Krotthapalli	Downgrade	Neutral→Underweight	$7→$6
Apr 24, 2026	Citigroup	Jon Tower	PT Cut	Neutral	$8→$7
Feb 23, 2026	JP Morgan	Rahul Krotthapalli	PT Cut	Neutral	$9→$7
Feb 18, 2026	Stephens & Co.	Jim Salera	Maintained	Equal-Weight	$8
Feb 17, 2026	UBS	Dennis Geiger	PT Cut	Neutral	$9→$8