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Hershey (HSY) Stock Forecast, Price Target & Predictions

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HSY Stock Forecast

Hershey stock forecast is as follows: an average price target of $174.50 (represents a 16.93% upside from HSY’s last price of $149.23) and a rating consensus of 'Hold', based on 20 wall street analysts offering a 1-year stock forecast.

HSY Price Target

The average price target for Hershey (HSY) is $174.50 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $202.00 to $163.00. This represents a potential 16.93% upside from HSY's last price of $149.23.

HSY Analyst Ratings

Hold

According to 20 Wall Street analysts, Hershey's rating consensus is 'Hold'. The analyst rating breakdown for HSY stock is 0 'Strong Buy' (0.00%), 8 'Buy' (40.00%), 10 'Hold' (50.00%), 2 'Sell' (10.00%), and 0 'Strong Sell' (0.00%).

Hershey Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 08, 2024Michael LaveryPiper Sandler$168.00$175.67-4.37%12.58%
Nov 07, 2024Matthew SmithStifel Nicolaus$180.00$179.690.17%20.62%
Oct 23, 2024Michael LaveryPiper Sandler$165.00$183.47-10.07%10.57%
Oct 22, 2024Arun SundaramCFRA$169.00$183.47-7.89%13.25%
Oct 22, 2024Bingqing ZhuRedburn Partners$165.00$184.67-10.65%10.57%
Sep 26, 2024Rob DickersonJefferies$163.00$191.00-14.66%9.23%
Sep 24, 2024Andrew LazarBarclays$202.00$195.143.52%35.36%
Sep 17, 2024Michael LaveryPiper Sandler$179.00$201.31-11.08%19.95%
May 06, 2024Chris CareyWells Fargo$205.00$197.923.58%37.37%
May 05, 2024Thomas PalmerCoker Palmer$204.00$197.923.07%36.70%
Apr 17, 2024Chris CareyWells Fargo$200.00$183.319.10%34.02%
Apr 08, 2024Steve PowersDeutsche Bank$197.00$194.191.45%32.01%
Jan 29, 2024Alexia HowardBernstein$235.00$191.9622.42%57.48%
Mar 20, 2023Pamela KaufmanMorgan Stanley$246.00$243.660.96%64.85%
Feb 03, 2023Anthony StossCraig-Hallum$129.11$233.85-44.79%-13.48%
Feb 03, 2023Wells Fargo$230.00$233.05-1.31%54.12%
Feb 03, 2023Credit Suisse$260.00$234.7710.75%74.23%
Jan 03, 2023Wells Fargo$220.00$227.70-3.38%47.42%
Dec 20, 2022Pamela KaufmanMorgan Stanley$231.00$234.89-1.66%54.79%
Dec 08, 2022UBS$269.00$236.6913.65%80.26%
Dec 06, 2022Deutsche Bank$246.00$232.405.85%64.85%
Nov 15, 2022BNP Paribas$235.00$218.127.74%57.48%
Apr 29, 2022Mizuho Securities$210.00$227.49-7.69%40.72%
Apr 29, 2022Morgan Stanley$222.00$227.20-2.29%48.76%
Apr 29, 2022BMO Capital$255.00$227.4712.10%70.88%
Feb 04, 2022Bryan SpillaneBank of America Securities$225.00$201.8811.45%50.77%
Feb 04, 2022Robert MoskowCredit Suisse$227.00$201.8812.44%52.11%
Feb 03, 2022Jason EnglishGoldman Sachs$227.00$203.0111.82%52.11%
Feb 03, 2022Michael LaveryPiper Sandler$205.00$203.010.98%37.37%
Feb 03, 2022John BaumgartnerMizuho Securities$196.00$203.01-3.45%31.34%
Jan 11, 2022Pamela KaufmanMorgan Stanley$191.00$193.17-1.12%27.99%

The latest Hershey stock forecast, released on Nov 08, 2024 by Michael Lavery from Piper Sandler, set a price target of $168.00, which represents a -4.37% decrease from the stock price at the time of the forecast ($175.67), and a 12.58% increase from HSY last price ($149.23).

Hershey Price Target by Period

1M3M12M
# Anlaysts-212
Avg Price Target-$174.00$183.08
Last Closing Price$149.23$149.23$149.23
Upside/Downside-100.00%16.60%22.68%

In the current month, the average price target of Hershey stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Hershey's last price of $149.23. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Jan 11, 2025CitigroupSellSellHold
Oct 23, 2024Piper SandlerNeutralNeutralHold
Oct 22, 2024CFRACautiousDowngrade
Oct 07, 2024BernsteinOutperformMarket PerformDowngrade
Sep 17, 2024Piper SandlerNeutralNeutralHold
Aug 27, 2024CitigroupNeutralSellDowngrade
Aug 12, 2024Wells FargoSector PerformSector PerformHold
Aug 12, 2024Goldman SachsBuySellInitialise
Aug 02, 2024Cowen & Co.HoldHoldHold
May 05, 2024CitigroupNeutralNeutralHold
Apr 19, 2024Edward JonesHoldDowngrade
Apr 17, 2024Wells FargoEqual-WeightEqual-WeightHold
Apr 08, 2024Deutsche BankHoldHoldHold
Jan 29, 2024BernsteinUnderperformOutperformUpgrade
Nov 21, 2023RBC CapitalOutperformSector PerformDowngrade
Oct 27, 2023Morgan StanleyEqual-WeightEqual-WeightHold
Oct 27, 2023Cowen & Co.Market PerformDowngrade
Sep 22, 2023Piper SandlerOverweightOverweightHold
Jul 19, 2023CitigroupOutperformInitialise
Jul 19, 2023OTR GlobalMixedDowngrade
Jul 19, 2023William BlairOutperformInitialise
Jul 19, 2023GuggenheimBuyInitialise
Jul 19, 2023BTIGNeutralInitialise
Jul 19, 2023JefferiesHoldUnderperformInitialise
Jul 19, 2023Raymond JamesOutperformInitialise
Jul 19, 2023Exane BNP ParibasNeutralOutperformUpgrade
Apr 28, 2023Wells FargoEqual-WeightEqual-WeightHold
Mar 27, 2023UBSNeutralNeutralHold
Mar 23, 2023JefferiesHoldHoldHold
Feb 03, 2023JefferiesBuyBuyHold
Feb 03, 2023Credit SuisseOutperformOutperformHold
Feb 03, 2023Evercore ISIOutperformOutperformHold
Feb 03, 2023RBC CapitalOutperformOutperformHold
Feb 03, 2023Craig-HallumBuyBuyHold
Feb 03, 2023Wells FargoUnderweightUnderweightHold
Jan 03, 2023Wells FargoUnderweightInitialise
Dec 20, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Dec 08, 2022UBSBuyUpgrade
Dec 06, 2022Deutsche BankHoldHoldHold
Nov 15, 2022Exane BNP ParibasNeutralInitialise
Sep 09, 2022BernsteinUnderperformDowngrade
Apr 29, 2022RBC CapitalOutperformOutperformHold
Apr 29, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Apr 29, 2022BMO CapitalOutperformOutperformHold
Apr 29, 2022Credit SuisseOutperformOutperformHold
Apr 16, 2021Goldman SachsBuyUpgrade

Hershey's last stock rating was published by Citigroup on Jan 11, 2025. The company gave HSY a "Sell" rating, the same as its previous rate.

Hershey Financial Forecast

Hershey Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue-----------------$3.03B$2.49M$2.99B$2.65B$2.73B$2.37B$2.67B$2.33B$2.36B$1.99B$2.30B$2.19B$2.22B
Avg Forecast$3.11B$3.23B$2.25B$3.51B$2.95B$3.12B$2.37B$3.28B$2.87B$3.06B$2.32B$3.13B$2.84B$3.08B$2.30B$3.11B$2.72B$2.95B$2.50B$2.91B$2.58B$2.62B$2.24B$2.48B$2.27B$2.33B$1.84B$2.11B$2.11B$2.18B
High Forecast$3.22B$3.35B$2.32B$3.64B$3.05B$3.23B$2.45B$3.39B$2.97B$3.17B$2.40B$3.16B$2.88B$3.10B$2.30B$3.11B$2.78B$3.01B$2.59B$3.01B$2.64B$2.62B$2.24B$2.48B$2.27B$2.33B$1.84B$2.11B$2.11B$2.18B
Low Forecast$3.03B$3.15B$2.19B$3.43B$2.87B$3.04B$2.31B$3.19B$2.80B$2.99B$2.26B$3.09B$2.80B$3.05B$2.30B$3.11B$2.66B$2.83B$2.43B$2.83B$2.52B$2.62B$2.24B$2.48B$2.27B$2.33B$1.84B$2.11B$2.11B$2.18B
# Analysts6446548533691153371588121313137779915
Surprise %-----------------1.03%0.00%1.03%1.03%1.04%1.06%1.08%1.03%1.01%1.08%1.09%1.03%1.02%

Hershey's average Quarter revenue forecast for Dec 23 based on 7 analysts is $2.72B, with a low forecast of $2.66B, and a high forecast of $2.78B. HSY's average Quarter revenue forecast represents a -10.36% decrease compared to the company's last Quarter revenue of $3.03B (Sep 23).

Hershey EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts6446548533691153371588121313137779915
EBITDA-----------------$735.95M$560.60K$797.75M$400.42M$646.63M$545.96M$814.84M$452.19M$630.38M$526.13M$628.07M$379.39M$675.75M
Avg Forecast$732.46M$761.92M$529.00M$827.70M$694.71M$735.77M$558.60M$772.01M$675.79M$721.81M$547.10M$737.62M$669.13M$724.49M$542.59M$621.16M$639.76M$694.96M$588.31M$564.69M$472.69M$577.46M$493.79M$513.36M$429.72M$513.01M$405.31M$465.70M$466.16M$480.43M
High Forecast$758.14M$788.63M$547.55M$856.71M$719.07M$761.57M$578.18M$799.07M$699.48M$747.12M$566.28M$744.88M$678.52M$730.16M$542.59M$745.39M$653.87M$708.36M$608.93M$677.63M$567.23M$577.46M$493.79M$616.03M$515.66M$513.01M$405.31M$465.70M$466.16M$480.43M
Low Forecast$713.94M$742.65M$515.63M$806.77M$677.14M$717.17M$544.47M$752.49M$658.71M$703.56M$533.26M$727.95M$659.73M$718.81M$542.59M$496.93M$625.64M$665.70M$573.43M$451.75M$378.15M$577.46M$493.79M$410.68M$343.77M$513.01M$405.31M$465.70M$466.16M$480.43M
Surprise %-----------------1.06%0.00%1.41%0.85%1.12%1.11%1.59%1.05%1.23%1.30%1.35%0.81%1.41%

7 analysts predict HSY's average Quarter EBITDA for Dec 23 to be $639.76M, with a high of $653.87M and a low of $625.64M. This is -13.07% lower than Hershey's previous annual EBITDA (Sep 23) of $735.95M.

Hershey Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts6446548533691153371588121313137779915
Net Income-----------------$518.58M$406.90K$587.18M$396.30M$399.49M$315.56M$533.48M$339.79M$444.93M$301.23M$395.80M$291.39M$447.28M
Avg Forecast$355.46M$348.68M$224.10M$410.67M$386.19M$437.29M$271.36M$499.14M$367.04M$398.69M$245.19M$475.76M$482.17M$519.41M$291.74M$377.77M$396.08M$498.62M$388.40M$343.42M$350.77M$426.90M$343.19M$312.20M$318.88M$406.72M$289.32M$365.28M$289.64M$353.33M
High Forecast$371.67M$364.57M$234.32M$429.39M$403.79M$457.22M$283.72M$521.89M$383.77M$416.86M$256.37M$494.37M$492.30M$538.97M$301.32M$453.32M$414.36M$527.11M$406.11M$412.11M$420.92M$426.90M$343.19M$374.64M$382.66M$406.72M$289.32M$365.28M$289.64M$353.33M
Low Forecast$343.78M$337.22M$216.74M$397.17M$373.49M$422.92M$262.44M$482.73M$354.98M$385.58M$237.13M$421.98M$476.09M$499.84M$282.16M$302.21M$373.74M$486.41M$375.64M$274.74M$280.62M$426.90M$343.19M$249.76M$255.11M$406.72M$289.32M$365.28M$289.64M$353.33M
Surprise %-----------------1.04%0.00%1.71%1.13%0.94%0.92%1.71%1.07%1.09%1.04%1.08%1.01%1.27%

Hershey's average Quarter net income forecast for Dec 23 is $396.08M, with a range of $373.74M to $414.36M. HSY's average Quarter net income forecast represents a -23.62% decrease compared to the company's last Quarter net income of $518.58M (Sep 23).

Hershey SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts6446548533691153371588121313137779915
SG&A-----------------$624.30M$571.80K$581.59M$616.45M$551.88M$543.47M$524.22M$552.92M$486.14M$467.63M$494.67M$537.98M$468.61M
Avg Forecast$699.55M$727.68M$505.24M$790.51M$663.49M$702.71M$533.50M$737.32M$645.43M$689.38M$522.51M$704.48M$639.06M$691.93M$518.21M$649.69M$611.01M$663.73M$561.87M$590.62M$577.99M$589.74M$504.29M$536.93M$525.44M$523.92M$413.93M$475.60M$476.07M$490.65M
High Forecast$724.07M$753.19M$522.95M$818.22M$686.76M$727.35M$552.20M$763.17M$668.05M$713.55M$540.83M$711.41M$648.03M$697.35M$518.21M$779.62M$624.49M$676.53M$581.57M$708.75M$693.59M$589.74M$504.29M$644.32M$630.53M$523.92M$413.93M$475.60M$476.07M$490.65M
Low Forecast$681.86M$709.28M$492.46M$770.52M$646.72M$684.94M$520.01M$718.67M$629.11M$671.95M$509.30M$695.24M$630.09M$686.51M$518.21M$519.75M$597.53M$635.78M$547.67M$472.50M$462.39M$589.74M$504.29M$429.54M$420.36M$523.92M$413.93M$475.60M$476.07M$490.65M
Surprise %-----------------0.94%0.00%0.98%1.07%0.94%1.08%0.98%1.05%0.93%1.13%1.04%1.13%0.96%

Hershey's average Quarter SG&A projection for Dec 23 is $611.01M, based on 7 Wall Street analysts, with a range of $597.53M to $624.49M. The forecast indicates a -2.13% fall compared to HSY last annual SG&A of $624.30M (Sep 23).

Hershey EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts6446548533691153371588121313137779915
EPS-----------------$2.60$1.98$2.94$1.98$2.00$1.57$2.66$1.65$2.22$1.50$1.96$1.44$2.21
Avg Forecast$1.75$1.72$1.10$2.02$1.90$2.15$1.34$2.46$1.81$1.96$1.21$2.34$2.37$2.56$1.44$2.76$1.95$2.46$1.91$2.68$1.77$2.10$1.69$2.10$1.61$2.00$1.43$1.80$1.43$1.74
High Forecast$1.83$1.80$1.15$2.11$1.99$2.25$1.40$2.57$1.89$2.05$1.26$2.43$2.42$2.65$1.48$2.76$2.04$2.60$2.00$2.81$1.86$2.10$1.69$2.10$1.61$2.00$1.43$1.80$1.43$1.74
Low Forecast$1.69$1.66$1.07$1.96$1.84$2.08$1.29$2.38$1.75$1.90$1.17$2.08$2.34$2.46$1.39$2.76$1.84$2.40$1.85$2.60$1.68$2.10$1.69$2.10$1.61$2.00$1.43$1.80$1.43$1.74
Surprise %-----------------1.06%1.04%1.10%1.12%0.95%0.93%1.27%1.02%1.11%1.05%1.09%1.01%1.27%

According to 7 Wall Street analysts, Hershey's projected average Quarter EPS for Dec 23 is $1.95, with a low estimate of $1.84 and a high estimate of $2.04. This represents a -24.97% decrease compared to HSY previous annual EPS of $2.60 (Sep 23).

Hershey Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
MDLZMondelez$57.13$76.0033.03%Buy
HSYHershey$149.23$174.5016.93%Hold

HSY Forecast FAQ

Is Hershey a good buy?

No, according to 20 Wall Street analysts, Hershey (HSY) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 40.00% of HSY's total ratings.

What is HSY's price target?

Hershey (HSY) average price target is $174.5 with a range of $163 to $202, implying a 16.93% from its last price of $149.23. The data is based on 20 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Hershey stock go up soon?

According to Wall Street analysts' prediction for HSY stock, the company can go up by 16.93% (from the last price of $149.23 to the average price target of $174.5), up by 35.36% based on the highest stock price target, and up by 9.23% based on the lowest stock price target.

Can Hershey stock reach $200?

HSY's highest twelve months analyst stock price target of $202 supports the claim that Hershey can reach $200 in the near future.

What are Hershey's analysts' financial forecasts?

Hershey's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $11.72B (high $12.13B, low $11.43B), average EBITDA is $2.76B (high $2.86B, low $2.69B), average net income is $1.59B (high $1.67B, low $1.54B), average SG&A $2.64B (high $2.73B, low $2.57B), and average EPS is $7.85 (high $8.21, low $7.59). HSY's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $12.1B (high $12.53B, low $11.8B), average EBITDA is $2.85B (high $2.95B, low $2.78B), average net income is $1.34B (high $1.4B, low $1.29B), average SG&A $2.72B (high $2.82B, low $2.65B), and average EPS is $6.59 (high $6.9, low $6.38).

Did the HSY's actual financial results beat the analysts' financial forecasts?

Based on Hershey's last annual report (Dec 2022), the company's revenue was $10.42B, beating the average analysts forecast of $9.91B by 5.15%. Apple's EBITDA was $2.06B, missing the average prediction of $2.06B by -0.03%. The company's net income was $1.64B, beating the average estimation of $1.43B by 14.78%. Apple's SG&A was $2.24B, beating the average forecast of $2.21B by 1.23%. Lastly, the company's EPS was $7.96, beating the average prediction of $7.66 by 3.87%. In terms of the last quarterly report (Sep 2023), Hershey's revenue was $3.03B, beating the average analysts' forecast of $2.95B by 2.69%. The company's EBITDA was $735.95M, beating the average prediction of $694.96M by 5.90%. Hershey's net income was $518.58M, beating the average estimation of $498.62M by 4.00%. The company's SG&A was $624.3M, missing the average forecast of $663.73M by -5.94%. Lastly, the company's EPS was $2.6, beating the average prediction of $2.46 by 5.87%