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Hershey (HSY) Stock Forecast & Price Target

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$197.61
+0.61 (+0.31%)
(As of 05/28/2024 ET)
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Hershey - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 18 Analyst Ratings

Consensus Price Target

$213.06
7.82% Upside
High Forecast$270.00
Average Forecast$213.06
Low Forecast$179.00
TypeCurrent Forecast
5/29/23 to 5/28/24		1 Month Ago
4/29/23 to 4/28/24		3 Months Ago
2/28/23 to 2/28/24		1 Year Ago
5/29/22 to 5/29/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
4 Buy rating(s)
Hold
13 Hold rating(s)
15 Hold rating(s)
14 Hold rating(s)
13 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$213.06$223.33$228.33$265.06
Forecasted Upside7.82% Upside8.59% Upside8.65% Upside4.65% Upside
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HSY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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HSY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Hershey Stock vs. The Competition

TypeHersheyConsumer Staples CompaniesS&P 500
Consensus Rating Score
2.17
2.45
2.49
Consensus RatingHoldHoldHold
Predicted Upside7.82% Upside671.83% Upside10.87% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

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DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/6/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetEqual Weight ➝ Equal Weight$200.00 ➝ $205.00+4.47%
4/19/2024Edward Jones
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Hold
4/15/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$200.00 ➝ $179.00-3.29%
4/11/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$213.00 ➝ $199.00+4.87%
3/26/2024BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Neutral$208.00+8.19%
3/15/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingSector Perform ➝ Sector Perform$213.00+8.30%
2/12/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetEqual Weight ➝ Equal Weight$200.00 ➝ $210.00+8.22%
2/12/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeEqual Weight ➝ Underweight$191.00 ➝ $183.00-6.37%
2/9/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$185.00 ➝ $193.00-1.66%
1/29/2024Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeMarket Perform ➝ Outperform$235.00+23.55%
1/25/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHold ➝ Hold$195.00 ➝ $205.00+8.65%
12/15/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Neutral$250.00 ➝ $200.00+7.38%
12/8/2023DA Davidson
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageNeutral$205.00+8.43%
10/31/2023Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$195.00 ➝ $180.00-3.22%
10/27/2023TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Market Perform$235.00 ➝ $200.00+5.80%
10/13/2023Stephens
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOverweight$240.00+27.90%
9/22/2023HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy$248.00+19.17%
8/11/2023Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$315.00 ➝ $270.00+20.23%
7/17/2023Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$264.00 ➝ $262.00+9.40%
5/2/2023VNET Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMaintains
4/28/2023Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetInline$255.00 ➝ $265.00-2.03%
4/28/2023UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy$269.00 ➝ $310.00+14.61%
4/28/2023Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetHold$260.00 ➝ $285.00+4.27%
2/3/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform$250.00 ➝ $260.00+10.91%
2/2/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$255.00 ➝ $277.00+18.51%
11/18/2022Erste Group Bank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Hold
11/15/2022Exane BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Max Gumport
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageUnderperform ➝ Neutral$235.00+7.74%
9/14/2022Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageMarket Perform$238.00+6.77%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:55 PM ET.

HSY Frequently Asked Questions

What is Hershey's stock forecast and purchase recommendation?

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Hershey is $213.06, with a high forecast of $270.00 and a low forecast of $179.00. The consensus rating for Hershey stock is Hold based on the current 1 sell rating, 13 hold ratings and 4 buy ratings for HSY. Learn more on HSY's analyst rating history.

Do Wall Street analysts like Hershey more than its competitors?

Analysts like Hershey less than other "consumer staples" companies. The consensus rating score for Hershey is 2.17 while the average consensus rating score for "consumer staples" companies is 2.45. Learn more on how HSY compares to other companies.

Is Hershey being downgraded by Wall Street analysts?

Over the previous 90 days, Hershey's stock had 1 downgrade by analysts.

Does Hershey's stock price have much upside?

According to analysts, Hershey's stock has a predicted upside of 9.18% based on their 12-month stock forecasts.

What analysts cover Hershey?

Hershey has been rated by research analysts at BNP Paribas, Citigroup, Edward Jones, Piper Sandler, Royal Bank of Canada, and Wells Fargo & Company in the past 90 days.


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This page (NYSE:HSY) was last updated on 5/28/2024 by MarketBeat.com Staff

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