Goldman Sachs cuts target for The Hershey Company stock to USD 204.00
Published on 10/24/2026 at 19:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and earnings date
- Goldman Sachs cut its Hershey target from USD 224.00 to USD 204.00 on October 21, 2026.
- Hershey is expected to report third-quarter 2026 results on October 29, 2026, with revenue of USD 3.25 billion.
- Hershey Company stock closed at USD 169.64 on October 23, 2026, 8.63 percent above its 52-week low.
- The price-to-earnings ratio stood at 23.17 on October 23, 2026.
The Hershey Company (ISIN US4278661081) faces a lower analyst valuation ahead of its next quarterly report. Goldman Sachs cut its price target from USD 224.00 to USD 204.00 on October 21, 2026, according to MarketScreener. The stock closed at USD 169.64 on the NYSE on October 23, 2026.
Goldman target moves to USD 204.00
The new Goldman Sachs target stands 20.26 percent above Hershey's October 23 closing price. The cut leaves the target below the USD 224.00 level previously cited by the bank, making the change a measurable shift in the valuation discussion rather than a new company forecast.
Stock stays above USD 156.16
Hershey closed at USD 169.64 on October 23, 2026, down 3.42 percent on the day. The price stood 8.63 percent above the 52-week low of USD 156.16 and 29.17 percent below the 52-week high of USD 239.48. The stock was down 6.78 percent since the start of 2026, while trading volume reached 1,861,176 shares.
October 29 results carry estimates
Zacks said Hershey is expected to report third-quarter 2026 results on October 29, 2026. Its revenue consensus is USD 3.25 billion, 2.30 percent above the year-ago quarter. The same report said the latest quarter produced earnings per share of USD 1.90 against a USD 1.45 consensus estimate.
For comparison, Hershey reported USD 2.79 billion in second-quarter 2026 revenue and USD 1.90 in earnings per share, according to MarketBeat. Revenue was 6.60 percent higher than in the prior-year quarter, while the reported earnings figure exceeded the USD 1.43 consensus estimate by USD 0.47.
Valuation remains the counterweight
Hershey's price-to-earnings ratio was 23.17 on October 23, 2026, with a market capitalization of USD 34.1 billion. The scheduled report therefore gives investors a concrete checkpoint for testing whether the latest revenue expectations and earnings performance support the current valuation.
Market context: Market report S&P 500.
