On Oct 31, major Wall Street analysts update their ratings for $Mondelez International (MDLZ.US)$, with price targets ranging from $76 to $85.
BofA Securities analyst Peter Galbo maintains with a buy rating.
Citi analyst Thomas Palmer maintains with a buy rating, and adjusts the target price from $80 to $78.
Barclays analyst Andrew Lazar maintains with a buy rating, and maintains the target price at $76.
Wells Fargo analyst Christopher Carey maintains with a buy rating, and maintains the target price at $78.
Evercore analyst David Palmer maintains with a buy rating, and adjusts the target price from $79 to $85.
Furthermore, according to the comprehensive report, the opinions of $Mondelez International (MDLZ.US)$'s main analysts recently are as follows:
Following Mondelez's Q3 report, the company's reaffirmation of its full-year forecast suggests a Q4 performance that may not meet previous expectations. Additionally, the firm has indicated that its 2025 earnings could potentially see a decrease compared to the prior year. Adjustments in estimates have been made to account for the impact of cocoa price inflation, yet there remains a possibility of more positive earnings potential in the upcoming year.
Following Mondelez's Q3 results, management continues to project organic growth at the upper end of the 3%-5% range for 2024.
The assessment notes that management acknowledges the challenge in increasing earnings per share (EPS) by 2025, in addition to an expected negative impact on EPS from other factors. Nevertheless, management does not anticipate a significant downturn, merely a difficulty in achieving growth. Given the strength of organic sales and a reasonable valuation based on earnings, the company is expected to attract attention from investors.
Here are the latest investment ratings and price targets for $Mondelez International (MDLZ.US)$ from 8 analysts:
Note:
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