The latest price target for Hormel Foods (NYSE:HRL) was reported by Citigroup on August 13, 2024. The analyst firm set a price target for $37.00 expecting HRL to rise to within 12 months (a possible 15.63% upside). 13 analyst firms have reported ratings in the last year.

The latest analyst rating for Hormel Foods (NYSE:HRL) was provided by Citigroup, and Hormel Foods upgraded their buy rating.

The last upgrade for Hormel Foods Corp happened on August 13, 2024 when Citigroup raised their price target to $37. Citigroup previously had a neutral for Hormel Foods Corp.

The last downgrade for Hormel Foods Corp happened on March 30, 2023 when Argus Research changed their price target from N/A to N/A for Hormel Foods Corp.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Hormel Foods, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Hormel Foods was filed on August 13, 2024 so you should expect the next rating to be made available sometime around August 13, 2025.

While ratings are subjective and will change, the latest Hormel Foods (HRL) rating was a upgraded with a price target of $33.00 to $37.00. The current price Hormel Foods (HRL) is trading at is $32.00, which is out of the analyst’s predicted range.