D.A. Davidson analyst Brian Holland maintains $Hershey (HSY.US)$ with a hold rating, and sets the target price at $187.
According to TipRanks data, the analyst has a success rate of 52.6% and a total average return of 6.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Hershey (HSY.US)$'s main analysts recently are as follows:
For investors to consider looking beyond the anticipated impact of higher cocoa costs on Hershey's performance leading up to 2025, and to focus on the possibility of exceptional growth in 2026 when costs are expected to normalize, it will become increasingly important for the company to demonstrate improved core chocolate market share trends.
The company has experienced a challenging quarter, characterized by weaker profitability and unmet organic growth expectations across all three segments. This was influenced by various factors including market, consumer, and channel challenges, coupled with executional setbacks.
It was anticipated that Hershey's third-quarter shortfall and the decrease in guidance for 2024 would occur. More unexpected, however, was the indication of a more substantial earnings headwind for the year 2025, which surpassed all existing sell-side projections, especially in light of market share shifts towards private label and the slight impact from GLP-1 adoption.
Note:
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