General Mills (GIS) Stock Forecast & Price Target

$66.32

+0.49 (+0.74%)

(As of 07/26/2024 ET)

General Mills - 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

Based on 18 Wall Street analysts who have issued ratings for General Mills in the last 12 months, the stock has a consensus rating of "Hold." Out of the 18 analysts, 2 have given a sell rating, 14 have given a hold rating, and 2 have given a buy rating for GIS.

Consensus Price Target

$68.82
3.77% Upside

High Forecast	$77.00
Average Forecast	$68.82
Low Forecast	$61.00

According to the 18 analysts' twelve-month price targets for General Mills, the average price target is $68.82. The highest price target for GIS is $77.00, while the lowest price target for GIS is $61.00. The average price target represents a forecasted upside of 3.77% from the current price of $66.32.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
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	2 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	6 Buy rating(s)
Hold	14 Hold rating(s)	13 Hold rating(s)	12 Hold rating(s)	8 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$68.82	$70.72	$72.18	$82.67
Forecasted Upside	3.77% Upside	5.83% Upside	5.95% Upside	3.72% Upside

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GIS 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.

GIS 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.

General Mills Stock vs. The Competition

Type	General Mills	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.00	2.44	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	3.77% Upside	697.48% Upside	9.14% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/16/2024	Argus 2 of 5 stars	T. Conrad Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold
7/3/2024	Mizuho 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$70.00 ➝ $62.00	-1.71%
6/28/2024	Barclays 2 of 5 stars		Lower Target	Equal Weight ➝ Equal Weight	$72.00 ➝ $67.00	+5.95%
6/28/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$76.00 ➝ $72.00	+13.44%
6/27/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$70.00 ➝ $68.00	+6.50%
6/27/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$71.00 ➝ $68.00	+6.02%
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6/27/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$70.00 ➝ $67.00	+3.99%
6/27/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$70.00 ➝ $63.00	-1.79%
6/27/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$70.00 ➝ $70.00	+9.12%
6/27/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$77.00 ➝ $70.00	+9.09%
5/15/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Market Perform	$62.00 ➝ $70.00	-1.20%
3/21/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$74.00 ➝ $76.00	+10.98%
3/21/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$68.00 ➝ $70.00	+2.55%
3/21/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$58.00 ➝ $61.00	-10.64%
12/15/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$77.00 ➝ $76.00	+16.46%
9/20/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$70.00 ➝ $61.00	-7.39%
9/7/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$82.00 ➝ $77.00	+16.90%
9/5/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$72.00	+8.68%
6/29/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
3/27/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$88.00 ➝ $96.00	+13.21%
12/21/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$77.00 ➝ $82.00	-1.36%
11/15/2022	Exane 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 Coverage	Underperform ➝ Outperform	$90.00	+16.93%
9/22/2022	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$80.00 ➝ $85.00	+6.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:40 AM ET.

GIS Forecast - Frequently Asked Questions

What is General Mills' forecast for 2024?: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for General Mills is $68.82, with a high forecast of $77.00 and a low forecast of $61.00.
Should I buy or sell General Mills stock right now?: 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for General Mills in the last twelve months. There are currently 2 sell ratings, 14 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" GIS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GIS, but not buy additional shares or sell existing shares.
Does General Mills's stock price have much upside?: According to analysts, General Mills's stock has a predicted upside of 5.05% based on their 12-month stock forecasts.
Has General Mills been upgraded by Wall Street analysts recently?: Over the previous 90 days, General Mills's stock had 1 upgrade by analysts.
What analysts cover General Mills?: General Mills has been rated by research analysts at Argus, Bank of America, Barclays, Citigroup, Evercore ISI, JPMorgan Chase & Co., Mizuho, Royal Bank of Canada, Sanford C. Bernstein, Stifel Nicolaus, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like General Mills more than its competitors?: Analysts like General Mills less than other "consumer staples" companies. The consensus rating score for General Mills is 2.00 while the average consensus rating score for "consumer staples" companies is 2.44. Learn more on how GIS compares to other companies.