Sep. 16 at 7:51 PM
Wall Street is turning bullish on Hershey after recent upgrades from Goldman Sachs and BNP Paribas. Analysts cite improved earnings expectations, declining cocoa prices, strong pricing power, and resilient demand for seasonal and indulgent products. Hershey’s market share is rising in sweets, mints, and salty snacks, insulated from private-label competition. Price hikes across its portfolio have been well received, showing benign price elasticity. New product innovations, such as Reese’s Oreo Cup and Milk Chocolate with Caramel bars, and expanded distribution channels are driving sales. While cocoa costs and convenience store sales remain headwinds, these are largely priced in. Analysts highlight potential margin recovery, continued dividends, and possible buybacks in 2026.
$HSY