Where Will Hershey Stock Be in 5 Years?
It's been a volatile ride for The Hershey Company (NYSE: HSY) and its investors in recent times. The stock is trading modestly higher this year but still down more than 25% from its record high in early 2023. A string of disappointing quarterly results for the confectionery giant amid shifting consumer spending trends and lingering inflationary cost pressures have kept shares under pressure.
Despite the sour headlines, there are plenty of reasons for investors to stay bullish on Hershey in what remains a sweet long-term outlook. Let's discuss where the stock might be five years from now and whether it's a good buy now.
Hershey is globally recognized for its namesake chocolate, which has a history of more than 125 years. Most people may not know that the company also controls a broader portfolio of several other iconic candy brands such as Reese's, KitKat, Jolly Rancher, and Twizzlers.
Source Fool.com
Hershey Co. Stock
With 10 Buy predictions and only 2 Sell predictions the community sentiment for the stock is positive.
With a target price of 213 € there is a slightly positive potential of 15.91% for Hershey Co. compared to the current price of 183.76 €.
