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Campbell Soup (CPB) Stock Forecast & Price Target

$46.40
-1.51 (-3.15%)
(As of 07/19/2024 ET)

Campbell Soup - 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 15 Wall Street analysts who have issued ratings for Campbell Soup in the last 12 months, the stock has a consensus rating of "Hold." Out of the 15 analysts, 3 have given a sell rating, 9 have given a hold rating, and 3 have given a buy rating for CPB.

Consensus Price Target

$46.56
0.36% Upside
High Forecast$52.00
Average Forecast$46.56
Low Forecast$40.00

According to the 15 analysts' twelve-month price targets for Campbell Soup, the average price target is $46.56. The highest price target for CPB is $52.00, while the lowest price target for CPB is $40.00. The average price target represents a forecasted upside of 0.36% from the current price of $46.40.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Hold
Reduce
Reduce
Reduce
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
0 Buy rating(s)
Hold
9 Hold rating(s)
10 Hold rating(s)
9 Hold rating(s)
7 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
3 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$46.56$46.31$46.38$50.75
Forecasted Upside0.36% Upside8.73% Upside9.25% Upside0.78% Upside
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CPB 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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CPB 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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Campbell Soup Stock vs. The Competition

TypeCampbell SoupConsumer Staples CompaniesS&P 500
Consensus Rating Score
2.00
2.43
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside0.36% Upside703.60% Upside10.01% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/26/2024JPMorgan Chase & Co.
3 of 5 stars
 UpgradeNeutral ➝ Overweight$45.00 ➝ $52.00+17.67%
6/10/2024DA Davidson
3 of 5 stars
B. Holland
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Boost TargetBuy ➝ Buy$47.00 ➝ $49.00+16.44%
6/7/2024Royal Bank of Canada
4 of 5 stars
 Reiterated RatingSector Perform ➝ Sector Perform$47.00 ➝ $47.00+7.82%
6/7/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$45.00 ➝ $47.00+7.82%
5/23/2024Citigroup
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 Boost TargetSell ➝ Sell$41.00 ➝ $42.00-8.02%
5/15/2024Sanford C. Bernstein
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 UpgradeUnderperform ➝ Market Perform$42.00 ➝ $46.00-0.02%
3/26/2024Piper Sandler
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 Reiterated RatingNeutral ➝ Neutral$47.00+8.37%
3/13/2024Evercore ISI
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 Initiated CoverageIn-Line$49.00+13.91%
10/13/2023Stephens
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 Initiated CoverageOverweight$50.00+31.37%
9/13/2023TD Cowen
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 Initiated CoverageMarket Perform$45.00+5.68%
9/3/2023Barclays
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 Lower TargetUnderweight ➝ Underweight$49.00 ➝ $45.00+10.05%
9/1/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$49.00 ➝ $46.00+12.50%
9/1/2023Stifel Nicolaus
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 Lower TargetHold ➝ Hold$48.00 ➝ $45.00+7.91%
8/22/2023The Goldman Sachs Group
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 Lower TargetSell ➝ Sell$44.00 ➝ $40.00-4.51%
8/22/2023Jefferies Financial Group
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 Lower TargetHold ➝ Hold$49.00 ➝ $46.00+9.37%
8/8/2023Deutsche Bank Aktiengesellschaft
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 Lower Target$52.00 ➝ $49.00+10.51%
6/26/2023888
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 Reiterated RatingMaintains
6/8/2023Bank of America
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 Lower Target$51.00 ➝ $49.00+6.31%
3/9/2023Credit Suisse Group
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 Boost TargetNeutral$50.00 ➝ $51.00-3.02%
11/15/2022BNP Paribas
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 Initiated CoverageUnderperform$48.00-1.32%
11/15/2022Exane BNP Paribas
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 Initiated CoverageUnderperform
8/29/2022UBS Group
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 Boost Target$45.00-12.01%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:22 AM ET.

CPB Forecast - Frequently Asked Questions

What is Campbell Soup's forecast for 2024?

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Campbell Soup is $46.56, with a high forecast of $52.00 and a low forecast of $40.00.

Should I buy or sell Campbell Soup stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Campbell Soup in the last year. There are currently 3 sell ratings, 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CPB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CPB, but not buy additional shares or sell existing shares.

Does Campbell Soup's stock price have much upside?

According to analysts, Campbell Soup's stock has a predicted upside of 9.06% based on their 12-month stock forecasts.

Has Campbell Soup been upgraded by Wall Street analysts recently?

Over the previous 90 days, Campbell Soup's stock had 2 upgrades by analysts.

What analysts cover Campbell Soup?

Campbell Soup has been rated by research analysts at Citigroup, DA Davidson, JPMorgan Chase & Co., Royal Bank of Canada, Sanford C. Bernstein, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Campbell Soup more than its competitors?

Analysts like Campbell Soup less than other "consumer staples" companies. The consensus rating score for Campbell Soup is 2.00 while the average consensus rating score for "consumer staples" companies is 2.43. Learn more on how CPB compares to other companies.


This page (NYSE:CPB) was last updated on 7/20/2024 by MarketBeat.com Staff

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