Hershey (HSY) Stock Forecast & Price Target

$193.53

+0.86 (+0.45%)

(As of 07/26/2024 ET)

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 19 Analyst Ratings

Based on 19 Wall Street analysts who have issued ratings for Hershey in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 1 has given a sell rating, 14 have given a hold rating, and 4 have given a buy rating for HSY.

Consensus Price Target

$204.89
5.87% Upside

High Forecast	$248.00
Average Forecast	$204.89
Low Forecast	$179.00

According to the 19 analysts' twelve-month price targets for Hershey, the average price target is $204.89. The highest price target for HSY is $248.00, while the lowest price target for HSY is $179.00. The average price target represents a forecasted upside of 5.87% from the current price of $193.53.

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	4 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)
Hold	14 Hold rating(s)	13 Hold rating(s)	15 Hold rating(s)	12 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$204.89	$209.67	$223.33	$263.33
Forecasted Upside	5.87% Upside	9.37% Upside	8.59% Upside	5.20% Upside

Get Hershey Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for HSY and its competitors with MarketBeat's FREE daily newsletter.

Ad Unstoppable Prosperity

“Generational Bull Run” Incoming

LIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.

You can find out what they are by clicking here now.

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.

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.

Hershey Stock vs. The Competition

Type	Hershey	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.16	2.44	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	5.87% Upside	695.72% Upside	9.09% Upside
News Sentiment Rating	Neutral 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
7/23/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Lower Target	Hold ➝ Hold	$197.00 ➝ $192.00	+1.29%
7/17/2024	Sanford C. Bernstein 3 of 5 stars		Lower Target	Outperform ➝ Outperform	$237.00 ➝ $230.00	+18.83%
7/17/2024	Citigroup 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$204.00 ➝ $188.00	-1.04%
7/10/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$210.00 ➝ $200.00	+8.97%
6/21/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$179.00 ➝ $179.00	-1.56%
6/21/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$205.00 ➝ $195.00	+7.16%
Get the Latest News and Ratings for HSY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Hershey and its competitors with MarketBeat's FREE daily newsletter.
6/18/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$210.00 ➝ $204.00	+11.94%
5/30/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$240.00 ➝ $225.00	+16.19%
4/19/2024	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
3/26/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$208.00	+8.19%
3/15/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$213.00	+8.30%
2/12/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Equal Weight ➝ Underweight	$191.00 ➝ $183.00	-6.37%
2/9/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$185.00 ➝ $193.00	-1.66%
1/25/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$195.00 ➝ $205.00	+8.65%
12/8/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$205.00	+8.43%
10/31/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$195.00 ➝ $180.00	-3.22%
10/27/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$235.00 ➝ $200.00	+5.80%
10/13/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$240.00	+27.90%
9/22/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$248.00	+19.17%
5/2/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
4/28/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Inline	$255.00 ➝ $265.00	-2.03%
4/28/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$269.00 ➝ $310.00	+14.61%
4/28/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$260.00 ➝ $285.00	+4.27%
2/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$250.00 ➝ $260.00	+10.91%
2/2/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$255.00 ➝ $277.00	+18.51%
11/18/2022	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
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 ➝ Neutral	$235.00	+7.74%
9/14/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$238.00	+6.77%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:32 AM ET.

HSY Forecast - Frequently Asked Questions

What is Hershey's forecast for 2024?: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Hershey is $204.89, with a high forecast of $248.00 and a low forecast of $179.00.
Should I buy or sell Hershey stock right now?: 19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hershey in the last twelve months. There is currently 1 sell rating, 14 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" HSY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HSY, but not buy additional shares or sell existing shares.
Does Hershey's stock price have much upside?: According to analysts, Hershey's stock has a predicted upside of 7.66% based on their 12-month stock forecasts.
What analysts cover Hershey?: Hershey has been rated by research analysts at Argus, Bank of America, Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Piper Sandler, Sanford C. Bernstein, and Wells Fargo & Company in the past 90 days.
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 2.16 while the average consensus rating score for "consumer staples" companies is 2.44. Learn more on how HSY compares to other companies.