Berenberg has adjusted its outlook for Mondelez International (MDLZ, Financial), raising the price target to $77, up from the previous $70, while maintaining a Buy rating on the stock. This adjustment comes as the company prepares to deliver its first-quarter results on April 29.
The decision to revise the price target reflects a challenging start to the year, with softer grindings figures and ongoing retailer destocking in the United States. These trends have been recently highlighted by several industry players, influencing Berenberg's updated analysis.
Despite these early challenges, Berenberg's continued Buy rating suggests confidence in Mondelez's potential to overcome initial hurdles and deliver growth in the coming quarters.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 27 analysts, the average target price for Mondelez International Inc (MDLZ, Financial) is $69.71 with a high estimate of $81.00 and a low estimate of $52.00. The average target implies an upside of 2.08% from the current price of $68.29. More detailed estimate data can be found on the Mondelez International Inc (MDLZ) Forecast page.
Based on the consensus recommendation from 30 brokerage firms, Mondelez International Inc's (MDLZ, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Mondelez International Inc (MDLZ, Financial) in one year is $80.67, suggesting a upside of 18.13% from the current price of $68.29. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Mondelez International Inc (MDLZ) Summary page.
