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Hormel Foods (HRL) Stock Forecast & Price Target

Hormel Foods logo
$21.20 -0.34 (-1.56%)
As of 12:27 PM Eastern
This is a fair market value price provided by Massive. Learn more.
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Hormel Foods - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold
Based on 9 Analyst Ratings
Sell
1
Hold
6
Buy
2

Based on 9 Wall Street analysts who have issued ratings for Hormel Foods in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 1 has given a sell rating, 6 have given a hold rating, and 2 have given a buy rating for HRL.

Consensus Price Target

$26.14
23.29% Upside
According to the 9 analysts' twelve-month price targets for Hormel Foods, the average price target is $26.14. The highest price target for HRL is $30.00, while the lowest price target for HRL is $23.00. The average price target represents a forecasted upside of 23.29% from the current price of $21.21.
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.
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HRL Analyst Ratings Over Time

TypeCurrent Forecast
9/8/25 to 9/8/26		1 Month Ago
8/9/25 to 8/9/26		3 Months Ago
6/10/25 to 6/10/26		1 Year Ago
9/8/24 to 9/8/25
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)
2 Buy rating(s)
2 Buy rating(s)
4 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
5 Hold rating(s)
3 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$26.14$26.14$25.67$31.29
Forecasted Upside23.29% Upside4.43% Upside5.52% Upside22.73% Upside
Consensus RatingHoldHoldHoldHold

HRL 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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HRL 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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Hormel Foods Stock vs. The Competition

TypeHormel FoodsConsumer Staples CompaniesBroader Market
Consensus Rating Score
2.11
2.22
2.53
Consensus RatingHoldHoldModerate Buy
Predicted Upside21.43% Upside147.87% Upside14.03% Upside
News Sentiment Rating
Positive News

See Recent HRL News
Positive News
Positive News
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DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
8/28/2026
Weiss Ratings logo
Weiss Ratings
5 of 5 stars
 DowngradeHold (C-) ➝ Sell (D+)
8/28/2026
Stephens logo
Stephens
2 of 5 stars
Pooran Sharma
Pooran Sharma
Not Rated
Set Target$23.00+8.24%
8/28/2026
BNP Paribas Exane logo
BNP Paribas Exane
5 of 5 stars
Max Gumport
Max Gumport
Not Rated
Lower TargetNeutral$27.00 ➝ $26.00+21.95%
8/14/2026
JPMorgan Chase & Co. logo
JPMorgan Chase & Co.
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Thomas Palmer
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Boost TargetNeutral$25.00 ➝ $26.00+5.97%
6/30/2026
Bank of America Corporation logo
Bank of America
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Peter Galbo
Peter Galbo
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Boost TargetNeutral$25.00 ➝ $27.00+7.21%
5/21/2026
The Goldman Sachs Group, Inc. logo
The Goldman Sachs Group
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 Set Target$25.00+21.17%
12/29/2025
Zacks Research logo
Zacks Research
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 UpgradeStrong Sell ➝ Hold
12/9/2025
Barclays PLC logo
Barclays
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Benjamin Theurer
Benjamin Theurer
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Set TargetOverweight$31.00 ➝ $30.00+25.81%
12/5/2025
Piper Sandler logo
Piper Sandler
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Michael Lavery
Michael Lavery
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Reiterated RatingNeutral$25.00 ➝ $26.00+7.64%
11/19/2024
Citigroup Inc. logo
Citigroup
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T. Palmer
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Lower TargetBuy$36.00 ➝ $35.00+18.89%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 12:27 PM ET.


Should I Buy Hormel Foods Stock? HRL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, September 4, 2026. Please send any questions or comments about these Hormel Foods pros and cons to contact@marketbeat.com.

Hormel Foods
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Hormel Foods Co.:

  • The stock offers a high dividend yield of 5.40%, which is attractive for income-focused investors seeking regular cash flow from their portfolio.
  • With a beta of 0.33, the stock exhibits low volatility compared to the broader market, making it a defensive holding that may hold up better during economic downturns.
  • Institutional interest is growing, as evidenced by Van ECK Associates Corp increasing its holdings by 2,666.7% in the second quarter, signaling confidence from major investors.
  • The company recently beat earnings expectations, reporting $0.37 in earnings per share for the quarter against a consensus estimate of $0.35, demonstrating strong operational performance.
  • At a current stock price of $21.53, the shares are trading below the consensus price target of $26.14, suggesting potential for capital appreciation as analysts maintain a Hold rating.

Hormel Foods
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Hormel Foods Co. for these reasons:

  • Revenue has declined by 2.4% year-over-year in the most recent quarter, indicating challenges in maintaining sales growth despite beating earnings estimates.
  • The price-to-earnings ratio of 34.18 is relatively high, which may limit upside potential if earnings growth does not accelerate to justify the valuation.
  • Short interest has increased, with shares shorted rising to 17,129,618 in the latest reporting period, reflecting growing bearish sentiment among traders.
  • Analyst sentiment has softened, with BNP Paribas Exane lowering its price target from $27.00 to $26.00 and Weiss Ratings downgrading the stock to a Sell rating in August 2026.
  • Insider selling is notable, as Director Gary C. Bhojwani sold 20,200 shares in July 2026, reducing their position by 38.70%, which may signal a lack of confidence from company leadership.

HRL Forecast - Frequently Asked Questions

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Hormel Foods is $26.14, with a high forecast of $30.00 and a low forecast of $23.00.

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hormel Foods in the last twelve months. There is currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" HRL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HRL, but not buy additional shares or sell existing shares.

According to analysts, Hormel Foods's stock has a predicted upside of 23.29% based on their 12-month stock forecasts.

Over the previous 90 days, Hormel Foods's stock had 1 upgrade and 1 downgrade by analysts.

Hormel Foods has been rated by research analysts at Bank of America, BNP Paribas Exane, JPMorgan Chase & Co., Stephens, and Weiss Ratings in the past 90 days.

Analysts like Hormel Foods less than other "consumer staples" companies. The consensus rating score for Hormel Foods is 2.11 while the average consensus rating score for "consumer staples" companies is 2.22. Learn more on how HRL compares to other companies.

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MarketBeat monitors more than a dozen sources for Hormel Foods analyst ratings, with the most recent rating issued on 8/28/2026.
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