Molson Coors Beverage Company (TAP) Stock Forecast, Price Target & Predictions
TAP Stock Forecast
Molson Coors Beverage Company stock forecast is as follows: an average price target of $60.25 (represents a 1.53% upside from TAP’s last price of $59.34) and a rating consensus of 'Hold', based on 16 wall street analysts offering a 1-year stock forecast.
TAP Price Target
The average price target for Molson Coors Beverage Company (TAP) is $60.25 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $74.00 to $47.00. This represents a potential 1.53% upside from TAP's last price of $59.34.
TAP Analyst Ratings
According to 16 Wall Street analysts, Molson Coors Beverage Company's rating consensus is 'Hold'. The analyst rating breakdown for TAP stock is 0 'Strong Buy' (0.00%), 4 'Buy' (25.00%), 11 'Hold' (68.75%), 1 'Sell' (6.25%), and 0 'Strong Sell' (0.00%).
Molson Coors Beverage Company Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 08, 2024 | Chris Carey | Wells Fargo | $74.00 | $60.03 | 23.27% | 24.71% |
| Aug 07, 2024 | Michael Lavery | Piper Sandler | $59.00 | $52.10 | 13.24% | -0.57% |
| Jul 19, 2024 | Michael Lavery | Piper Sandler | $57.00 | $53.07 | 7.41% | -3.94% |
| Jul 18, 2024 | Lauren Lieberman | Barclays | $47.00 | $53.98 | -12.93% | -20.80% |
| Jul 14, 2024 | Trevor Stirling | Bernstein | $61.00 | $51.24 | 19.05% | 2.80% |
| Apr 30, 2024 | Robert Ottenstein | Evercore ISI | $68.00 | $57.26 | 18.76% | 14.59% |
| Apr 12, 2024 | Lauren Lieberman | Barclays | $67.00 | $67.81 | -1.19% | 12.91% |
| Apr 09, 2024 | Bonnie Herzog | Goldman Sachs | $75.00 | $66.63 | 12.56% | 26.39% |
| Mar 22, 2024 | Michael Lavery | Piper Sandler | $69.00 | $67.24 | 2.62% | 16.28% |
| Jan 06, 2023 | Cowen & Co. | $60.00 | $49.58 | 21.02% | 1.11% | |
| Dec 06, 2022 | Steve Powers | Deutsche Bank | $50.00 | $54.50 | -8.26% | -15.74% |
| Sep 01, 2022 | Nikolaas Faes | Bryan Garnier & Co Ltd | $54.00 | $51.67 | 4.51% | -9.00% |
| Jun 28, 2022 | Bonnie Herzog | Goldman Sachs | $54.00 | $55.38 | -2.49% | -9.00% |
| Jun 24, 2022 | Vivien Azer | Cowen & Co. | $55.00 | $55.87 | -1.55% | -7.31% |
| Apr 27, 2022 | Deutsche Bank | $51.00 | $54.25 | -5.99% | -14.05% | |
| Feb 24, 2022 | William Kirk | MKM Partners | $64.00 | $49.05 | 30.48% | 7.85% |
| Nov 01, 2021 | Vivien Azer | Cowen & Co. | $50.00 | $44.50 | 12.36% | -15.74% |
| Oct 29, 2021 | Bonnie Herzog | Goldman Sachs | $42.00 | $43.42 | -3.27% | -29.22% |
| Oct 29, 2021 | Robert Ottenstein | Evercore ISI | $55.00 | $43.42 | 26.67% | -7.31% |
| Jul 29, 2021 | Laurent Grandet | Guggenheim | $75.00 | $48.31 | 55.25% | 26.39% |
| May 24, 2021 | Trevor Stirling | Bernstein | $74.00 | $56.47 | 31.04% | 24.71% |
The latest Molson Coors Beverage Company stock forecast, released on Nov 08, 2024 by Chris Carey from Wells Fargo, set a price target of $74.00, which represents a 23.27% increase from the stock price at the time of the forecast ($60.03), and a 24.71% increase from TAP last price ($59.34).
Molson Coors Beverage Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 9 |
| Avg Price Target | - | $74.00 | $64.11 |
| Last Closing Price | $59.34 | $59.34 | $59.34 |
| Upside/Downside | -100.00% | 24.71% | 8.04% |
In the current month, the average price target of Molson Coors Beverage Company stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Molson Coors Beverage Company's last price of $59.34. 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 08, 2024 | Wells Fargo | Overweight | Upgrade | |
| Oct 18, 2024 | Cowen & Co. | Neutral | Neutral | Hold |
| Sep 24, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Aug 08, 2024 | Barclays | Underweight | Underweight | Hold |
| Aug 07, 2024 | Jefferies | Hold | Hold | Hold |
| Aug 07, 2024 | Cowen & Co. | Outperform | Hold | Downgrade |
| Jul 19, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Jul 18, 2024 | Barclays | Equal-Weight | Underweight | Downgrade |
| Jul 14, 2024 | Bernstein | Market Perform | Market Perform | Hold |
| May 24, 2024 | Edward Jones | Hold | Hold | Hold |
| Apr 30, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Apr 17, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Apr 16, 2024 | Citigroup | Neutral | Neutral | Hold |
| Apr 12, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Apr 09, 2024 | Goldman Sachs | Neutral | Buy | Upgrade |
| Mar 22, 2024 | Piper Sandler | Neutral | Initialise | |
| Jan 16, 2024 | Jefferies | Underperform | Underperform | Hold |
| Jan 16, 2024 | Wedbush | Equal-Weight | Equal-Weight | Hold |
| Jun 06, 2023 | Bank of America Securities | Neutral | Upgrade | |
| May 12, 2023 | Jefferies | Buy | Buy | Hold |
| May 03, 2023 | Barclays | Equal-Weight | Upgrade | |
| May 02, 2023 | CFRA | Hold | Buy | Upgrade |
| Feb 21, 2023 | CFRA | Hold | Upgrade | |
| Jan 06, 2023 | Cowen & Co. | Outperform | Upgrade | |
| Aug 02, 2022 | Goldman Sachs | Neutral | Neutral | Hold |
| Jun 28, 2022 | Goldman Sachs | Neutral | Upgrade | |
| Jun 21, 2022 | UBS | Neutral | Downgrade | |
| Apr 27, 2022 | Deutsche Bank | Hold | Hold | Hold |
| Feb 24, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Feb 24, 2022 | Citigroup | Buy | Buy | Hold |
Molson Coors Beverage Company's last stock rating was published by Wells Fargo on Nov 08, 2024. The company Upgrade its TAP rating from "null" to "Overweight".
Molson Coors Beverage Company Financial Forecast
Molson Coors Beverage Company Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.79B | $3.30B | $3.27B | $2.35B | $2.63B | $2.94B | $2.92B | $2.21B | $2.62B | $2.82B | $2.94B | $1.90B | $2.29B | $2.75B |
| Avg Forecast | $2.81B | $3.14B | $3.32B | $2.53B | $2.74B | $3.10B | $3.30B | $2.50B | $2.73B | $3.11B | $3.24B | $2.49B | $2.71B | $3.13B | $3.18B | $2.50B | $2.78B | $3.24B | $3.29B | $2.23B | $2.64B | $2.89B | $2.94B | $2.14B | $2.55B | $2.91B | $2.81B | $1.90B | $2.41B | $2.66B |
| High Forecast | $2.87B | $3.22B | $3.40B | $2.59B | $2.81B | $3.17B | $3.37B | $2.55B | $2.79B | $3.18B | $3.31B | $2.54B | $2.72B | $3.14B | $3.18B | $2.50B | $2.80B | $3.31B | $3.36B | $2.28B | $2.70B | $2.89B | $2.94B | $2.14B | $2.55B | $2.91B | $2.81B | $1.90B | $2.41B | $2.66B |
| Low Forecast | $2.73B | $3.05B | $3.23B | $2.46B | $2.66B | $3.01B | $3.21B | $2.43B | $2.65B | $3.02B | $3.15B | $2.41B | $2.69B | $3.12B | $3.18B | $2.50B | $2.74B | $3.15B | $3.19B | $2.16B | $2.57B | $2.89B | $2.94B | $2.14B | $2.55B | $2.91B | $2.81B | $1.90B | $2.41B | $2.66B |
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 9 | 4 | 3 | 3 | 6 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.02% | 0.99% | 1.05% | 0.99% | 1.02% | 0.99% | 1.03% | 1.03% | 0.97% | 1.05% | 1.00% | 0.95% | 1.04% |
Molson Coors Beverage Company's average Quarter revenue forecast for Mar 24 based on 3 analysts is $2.50B, with a low forecast of $2.50B, and a high forecast of $2.50B. TAP's average Quarter revenue forecast represents a -10.38% decrease compared to the company's last Quarter revenue of $2.79B (Dec 23).
Molson Coors Beverage Company EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 9 | 4 | 3 | 3 | 6 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $165.50M | $592.20M | $488.50M | $327.70M | $1.18B | $488.60M | $284.70M | $453.40M | $227.20M | $616.80M | $654.60M | $265.40M | $-1.19B | $599.60M |
| Avg Forecast | $443.85M | $496.96M | $525.12M | $400.54M | $433.57M | $489.59M | $521.55M | $394.73M | $430.89M | $491.21M | $512.02M | $394.29M | $427.91M | $495.09M | $502.92M | $308.07M | $439.66M | $512.52M | $519.80M | $280.07M | $408.31M | $685.43M | $697.70M | $221.40M | $604.53M | $691.64M | $667.12M | $625.02M | $572.45M | $631.11M |
| High Forecast | $453.94M | $508.25M | $537.06M | $409.64M | $443.42M | $500.72M | $533.41M | $403.70M | $440.69M | $502.37M | $523.66M | $402.11M | $429.48M | $497.11M | $502.92M | $369.69M | $442.83M | $523.65M | $531.61M | $336.08M | $489.98M | $685.43M | $697.70M | $265.67M | $604.53M | $691.64M | $667.12M | $750.03M | $572.45M | $631.11M |
| Low Forecast | $431.25M | $482.85M | $510.22M | $389.17M | $421.26M | $475.69M | $506.75M | $383.53M | $418.66M | $477.27M | $497.49M | $380.20M | $424.76M | $493.07M | $502.92M | $246.46M | $433.31M | $498.22M | $505.05M | $224.05M | $326.65M | $685.43M | $697.70M | $177.12M | $604.53M | $691.64M | $667.12M | $500.02M | $572.45M | $631.11M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.38% | 1.16% | 0.94% | 1.17% | 2.88% | 0.71% | 0.41% | 2.05% | 0.38% | 0.89% | 0.98% | 0.42% | -2.08% | 0.95% |
3 analysts predict TAP's average Quarter EBITDA for Mar 24 to be $308.07M, with a high of $369.69M and a low of $246.46M. This is 86.15% upper than Molson Coors Beverage Company's previous annual EBITDA (Dec 23) of $165.50M.
Molson Coors Beverage Company Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 9 | 4 | 3 | 3 | 6 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $103.30M | $430.70M | $342.40M | $72.50M | $-589.80M | $216.40M | $47.30M | $151.50M | $82.40M | $453.00M | $388.60M | $84.10M | $-1.37B | $342.80M |
| Avg Forecast | $283.30M | $442.35M | $446.83M | $157.77M | $269.27M | $402.73M | $426.78M | $187.23M | $259.27M | $397.49M | $409.59M | $182.18M | $234.62M | $346.88M | $352.58M | $109.84M | $232.68M | $323.60M | $340.87M | $99.86M | $93.12M | $283.66M | $250.81M | $78.94M | $178.17M | $321.75M | $281.80M | $158.95M | $156.21M | $214.77M |
| High Forecast | $291.67M | $455.42M | $460.03M | $162.43M | $277.23M | $414.63M | $439.39M | $192.77M | $266.93M | $409.24M | $421.69M | $198.94M | $240.85M | $362.85M | $354.36M | $131.81M | $245.15M | $346.71M | $350.94M | $119.83M | $111.74M | $291.46M | $254.51M | $94.73M | $178.17M | $321.75M | $281.80M | $190.74M | $156.21M | $214.77M |
| Low Forecast | $272.84M | $426.03M | $430.34M | $151.95M | $259.34M | $387.87M | $411.03M | $180.33M | $249.70M | $382.83M | $394.47M | $163.34M | $226.32M | $330.90M | $350.80M | $87.88M | $226.45M | $292.08M | $328.29M | $79.89M | $74.49M | $275.86M | $247.10M | $63.15M | $178.17M | $321.75M | $281.80M | $127.16M | $156.21M | $214.77M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.44% | 1.33% | 1.00% | 0.73% | -6.33% | 0.76% | 0.19% | 1.92% | 0.46% | 1.41% | 1.38% | 0.53% | -8.77% | 1.60% |
Molson Coors Beverage Company's average Quarter net income forecast for Mar 24 is $109.84M, with a range of $87.88M to $131.81M. TAP's average Quarter net income forecast represents a 6.34% increase compared to the company's last Quarter net income of $103.30M (Dec 23).
Molson Coors Beverage Company SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 9 | 4 | 3 | 3 | 6 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $746.80M | $734.90M | $615.00M | $575.50M | $660.00M | $707.60M | $675.70M | $665.10M | $664.80M | $681.70M | $542.90M | $648.30M | $634.50M |
| Avg Forecast | $696.93M | $780.31M | $824.53M | $628.92M | $680.78M | $768.74M | $818.93M | $619.80M | $676.58M | $771.29M | $803.96M | $619.10M | $671.89M | $777.38M | $789.68M | $489.91M | $690.34M | $804.74M | $816.18M | $445.38M | $774.15M | $716.81M | $729.63M | $352.08M | $632.20M | $723.30M | $697.65M | $1.03B | $598.65M | $660.00M |
| High Forecast | $712.77M | $798.05M | $843.28M | $643.21M | $696.25M | $786.21M | $837.55M | $633.89M | $691.96M | $788.82M | $822.23M | $631.38M | $674.36M | $780.55M | $789.68M | $587.90M | $695.32M | $822.22M | $834.73M | $534.45M | $928.97M | $716.81M | $729.63M | $422.49M | $632.20M | $723.30M | $697.65M | $1.23B | $598.65M | $660.00M |
| Low Forecast | $677.14M | $758.17M | $801.13M | $611.06M | $661.45M | $746.92M | $795.69M | $602.21M | $657.37M | $749.39M | $781.14M | $596.99M | $666.95M | $774.21M | $789.68M | $391.93M | $680.37M | $782.30M | $793.01M | $356.30M | $619.32M | $716.81M | $729.63M | $281.66M | $632.20M | $723.30M | $697.65M | $820.86M | $598.65M | $660.00M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | 0.90% | 1.38% | 0.74% | 0.92% | 0.97% | 1.92% | 1.05% | 0.92% | 0.98% | 0.53% | 1.08% | 0.96% |
Molson Coors Beverage Company's average Quarter SG&A projection for Dec 23 is $690.34M, based on 6 Wall Street analysts, with a range of $680.37M to $695.32M. The forecast indicates a -7.56% fall compared to TAP last annual SG&A of $746.80M (Sep 23).
Molson Coors Beverage Company EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 9 | 4 | 3 | 3 | 6 | 9 | 6 | 4 | 3 | 7 | 4 | 3 | 4 | 7 | 4 | 4 | 4 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.99 | $1.58 | $0.33 | $-2.72 | $1.00 | $0.22 | $0.70 | $0.38 | $2.09 | $1.79 | $0.39 | $-6.31 | $1.58 |
| Avg Forecast | $1.36 | $2.13 | $2.15 | $0.76 | $1.29 | $1.94 | $2.05 | $0.90 | $1.25 | $1.91 | $1.97 | $0.88 | $1.13 | $1.67 | $1.70 | $0.74 | $1.12 | $1.56 | $1.64 | $0.26 | $1.07 | $1.35 | $1.19 | $0.19 | $0.85 | $1.53 | $1.34 | $-0.10 | $0.74 | $1.02 |
| High Forecast | $1.40 | $2.19 | $2.21 | $0.78 | $1.33 | $1.99 | $2.11 | $0.93 | $1.28 | $1.97 | $2.03 | $0.96 | $1.16 | $1.74 | $1.70 | $0.74 | $1.18 | $1.67 | $1.69 | $0.27 | $1.10 | $1.38 | $1.21 | $0.19 | $0.85 | $1.53 | $1.34 | $-0.10 | $0.74 | $1.02 |
| Low Forecast | $1.31 | $2.05 | $2.07 | $0.73 | $1.25 | $1.86 | $1.98 | $0.87 | $1.20 | $1.84 | $1.90 | $0.79 | $1.09 | $1.59 | $1.69 | $0.74 | $1.09 | $1.40 | $1.58 | $0.25 | $1.03 | $1.31 | $1.17 | $0.19 | $0.85 | $1.53 | $1.34 | $-0.10 | $0.74 | $1.02 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.28% | 0.96% | 1.28% | -2.54% | 0.74% | 0.18% | 3.65% | 0.45% | 1.37% | 1.34% | -4.03% | -8.52% | 1.55% |
According to 6 Wall Street analysts, Molson Coors Beverage Company's projected average Quarter EPS for Dec 23 is $1.12, with a low estimate of $1.09 and a high estimate of $1.18. This represents a -43.79% decrease compared to TAP previous annual EPS of $1.99 (Sep 23).
Molson Coors Beverage Company Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FMX | Fomento Económico Mexicano | $88.43 | $141.50 | 60.01% | Buy |
| BUD | Anheuser-Busch InBev SA/NV | $51.77 | $73.00 | 41.01% | Buy |
| SAM | Boston Beer Company | $307.80 | $344.00 | 11.76% | Hold |
| TAP | Molson Coors Beverage Company | $59.25 | $60.25 | 1.69% | Hold |
| ABEV | Ambev | $2.12 | $2.10 | -0.94% | Buy |