Hershey (HSY) Stock Forecast & Price Target

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$182.72

-0.33 (-0.18%)

(As of 06/18/2024 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 18 Analyst Ratings

Consensus Price Target

$210.22
15.05% Upside

High Forecast	$262.00
Average Forecast	$210.22
Low Forecast	$179.00

Type	Current Forecast 6/20/23 to 6/19/24	1 Month Ago 5/21/23 to 5/20/24	3 Months Ago 3/22/23 to 3/21/24	1 Year Ago 6/20/22 to 6/20/23
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)	6 Buy rating(s)	4 Buy rating(s)
Hold	13 Hold rating(s)	13 Hold rating(s)	14 Hold rating(s)	13 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$210.22	$213.06	$228.33	$265.06
Forecasted Upside	15.05% Upside	9.18% Upside	8.62% Upside	4.65% Upside

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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	2.17	2.44	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	15.05% Upside	762.65% Upside	11.31% 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

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
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%
5/6/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$200.00 ➝ $205.00	+4.47%
4/19/2024	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
4/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$200.00 ➝ $179.00	-3.29%
4/11/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$213.00 ➝ $199.00	+4.87%
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.
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%
1/29/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$235.00	+23.55%
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%
12/15/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$250.00 ➝ $200.00	+7.38%
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%
7/17/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$264.00 ➝ $262.00	+9.40%
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 Wednesday at 06:06 AM ET.

HSY Forecast - Frequently Asked Questions

What is Hershey's stock forecast and purchase recommendation?: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Hershey is $210.22, with a high forecast of $262.00 and a low forecast of $179.00. The consensus rating for Hershey stock is Hold based on the current 1 sell rating, 13 hold ratings and 4 buy ratings for HSY. Learn more on HSY's analyst rating history.
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 2.17 while the average consensus rating score for "consumer staples" companies is 2.44. Learn more on how HSY compares to other companies.
Is Hershey being downgraded by Wall Street analysts?: Over the previous 90 days, Hershey's stock had 1 downgrade by analysts.

Does Hershey's stock price have much upside?: According to analysts, Hershey's stock has a predicted upside of 9.09% based on their 12-month stock forecasts.
What analysts cover Hershey?: Hershey has been rated by research analysts at Argus, Barclays, BNP Paribas, Citigroup, Edward Jones, Piper Sandler, and Wells Fargo & Company in the past 90 days.