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Wendy's (WEN) Stock Forecast & Price Target

$17.65
-0.42 (-2.32%)
(As of 07/19/2024 08:56 PM ET)

Wendy's - 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

Based on 18 Wall Street analysts who have issued ratings for Wendy's in the last 12 months, the stock has a consensus rating of "Hold." Out of the 18 analysts, 1 has given a sell rating, 13 have given a hold rating, and 4 have given a buy rating for WEN.

Consensus Price Target

$21.03
19.13% Upside
High Forecast$29.00
Average Forecast$21.03
Low Forecast$16.00

According to the 18 analysts' twelve-month price targets for Wendy's, the average price target is $21.03. The highest price target for WEN is $29.00, while the lowest price target for WEN is $16.00. The average price target represents a forecasted upside of 19.13% from the current price of $17.65.

TypeCurrent Forecast
7/23/23 to 7/22/24
1 Month Ago
6/23/23 to 6/22/24
3 Months Ago
4/24/23 to 4/23/24
1 Year Ago
7/23/22 to 7/23/23
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)
3 Buy rating(s)
3 Buy rating(s)
7 Buy rating(s)
Hold
13 Hold rating(s)
13 Hold rating(s)
12 Hold rating(s)
11 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$21.03$21.79$22.47$25.26
Forecasted Upside19.13% Upside14.28% Upside15.30% Upside13.69% Upside
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WEN 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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WEN 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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Wendy's Stock vs. The Competition

TypeWendy'sRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.17
2.46
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside19.13% Upside55.89% Upside10.07% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/19/2024Wedbush
3 of 5 stars
 Lower TargetNeutral ➝ Neutral$21.00 ➝ $19.50+9.24%
7/17/2024TD Cowen
4 of 5 stars
 Lower TargetHold ➝ Hold$19.00 ➝ $17.00-6.75%
7/16/2024Morgan Stanley
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$20.00 ➝ $19.00+6.26%
7/15/2024Loop Capital
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 Reiterated RatingBuy ➝ Buy$26.00 ➝ $26.00+55.69%
7/9/2024Truist Financial
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 Lower TargetBuy ➝ Buy$22.00 ➝ $21.00+32.91%
7/9/2024Stephens
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 Reiterated RatingEqual Weight ➝ Equal Weight$20.00 ➝ $20.00+26.58%
6/13/2024The Goldman Sachs Group
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C. Cho
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Initiated CoverageSell$16.00-3.96%
6/3/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$19.00 ➝ $20.00+14.88%
5/3/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$20.00 ➝ $21.00+5.32%
5/3/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$20.00 ➝ $21.00+5.32%
5/3/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$20.00 ➝ $22.00+10.89%
5/3/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$21.00 ➝ $23.00+15.52%
2/22/2024Sanford C. Bernstein
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 DowngradeOutperform ➝ Market Perform$24.00 ➝ $20.00+11.92%
2/20/2024Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$22.00 ➝ $20.00+8.75%
1/16/2024Gordon Haskett
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 DowngradeBuy ➝ Hold$21.00+7.86%
1/3/2024Barclays
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 DowngradeOverweight ➝ Equal Weight$23.00 ➝ $21.00+8.53%
10/19/2023Deutsche Bank Aktiengesellschaft
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 Initiated CoverageHold$20.00+4.66%
9/14/2023Tigress Financial
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 Reiterated RatingBuy ➝ Buy$29.00+44.28%
8/10/2023Bank of America
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 Boost Target$21.00 ➝ $23.00+8.03%
5/19/2023Argus
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 UpgradeHold ➝ Buy$29.00+23.40%
5/9/2023Guggenheim
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 Boost Target$24.00 ➝ $26.00+12.85%
3/6/2023Northcoast Research
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 DowngradeBuy ➝ Neutral
3/2/2023Credit Suisse Group
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 Reiterated RatingNeutral$24.00+8.11%
1/13/2023Cowen
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 Boost TargetMarket Perform$19.00 ➝ $22.00-4.68%
1/5/2023Oppenheimer
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 DowngradeOutperform ➝ Market Perform
12/15/2022Jefferies Financial Group
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 Initiated CoverageHold$25.00+6.47%
8/3/2022OTR Global
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 Reiterated RatingMixed ➝ Upgrade

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 04:51 AM ET.

WEN Forecast - Frequently Asked Questions

What is Wendy's' forecast for 2024?

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Wendy's is $21.03, with a high forecast of $29.00 and a low forecast of $16.00.

Should I buy or sell Wendy's stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Wendy's in the last year. There is currently 1 sell rating, 13 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" WEN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WEN, but not buy additional shares or sell existing shares.

Does Wendy's's stock price have much upside?

According to analysts, Wendy's's stock has a predicted upside of 14.11% based on their 12-month stock forecasts.

What analysts cover Wendy's?
Do Wall Street analysts like Wendy's more than its competitors?

Analysts like Wendy's less than other "retail/wholesale" companies. The consensus rating score for Wendy's is 2.17 while the average consensus rating score for "retail/wholesale" companies is 2.46. Learn more on how WEN compares to other companies.


This page (NASDAQ:WEN) was last updated on 7/22/2024 by MarketBeat.com Staff

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