Campbell's

CPB · NASDAQ

$19.86+$0.51 (+2.64%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $19.35

CPB analyst rating

HoldConsensus of 19 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold13
Underperform5
Sell1

12-month price target · 19 analysts

Average $21.14 (+6.5% upside)

Low: $16.16
Now: $19.86
High: $42.70

Upgrades and downgrades

The latest rating actions, newest first

CPB analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Evercore ISI Group	Sep 14, 2026	Maintains	In-Line	$22.00 → $21.00	45%
DA Davidson	Sep 8, 2026	Maintains	Neutral	$20.00	18%
RBC Capital	Sep 4, 2026	Maintains	Sector Perform	$21.00 → $19.00	45%
UBS	Sep 4, 2026	Maintains	Sell	$18.00 → $19.00	62%
Barclays	Sep 4, 2026	Maintains	Underweight	$19.00 → $18.00	44%
Jefferies	Sep 4, 2026	Maintains	Hold	$22.00 → $20.00	0%
RBC Capital	Aug 31, 2026	Maintains	Sector Perform	$21.00	45%
Evercore ISI Group	Aug 31, 2026	Maintains	In-Line	$23.00 → $22.00	45%
UBS	Aug 20, 2026	Maintains	Sell	$17.00 → $18.00	62%
TD Cowen	Aug 19, 2026	Maintains	Hold	$20.00 → $22.00	58%

The case for and against

Updated Oct 14, 2026

Bull case

The Campbell's is well positioned by its diversified portfolio, with meals and beverages at 61% of revenue and snacks at 39%, while iconic and scaled brands like Pepperidge Farm, Goldfish, Rao’s, and V8 support resilient demand. Organic sales in meals and beverages rose 3%, helped by 12% broth consumption growth and 10% Rao’s growth, reinforcing its advantage in affordable, convenient at-home cooking as consumers favor semi-scratch meal solutions that now exceed half of M&B retail sales. The company also has a credible margin recovery path through its $500M FY'30 savings program, including more than $100M of expected FY'27 savings, plant closures, and a ~13% salaried headcount reduction, which should strengthen profitability despite a competitive packaged food landscape.

Bear case

The Campbell's is viewed negatively because its core Snacks business continues to underperform, with organic sales down 6% in F4Q and management not expecting consumption to turn positive during FY27, while tougher competition and weak salty-snack trends keep pressuring volume and margins. Initial FY27 guidance also signals a 2-4% organic sales decline, a 50-100 bps gross margin drop, and a 17-24% decrease in adjusted EPS as 5-6% commodity inflation and double-digit logistics inflation outpace pricing gains. Although Meals & Beverages has held up better and Rao’s is a bright spot, those strengths have not offset broad execution issues, rising cost pressure, and reduced investor confidence after the dividend cut.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.