Nestlé (NSRGY) Stock Forecast & Price Target

$100.94

+0.30 (+0.30%)

(As of 09/27/2024 ET)

Nestlé - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 9 Analyst Ratings

Sell
2

Hold
7

Buy
0

Based on 9 Wall Street analysts who have issued ratings for Nestlé in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 9 analysts, 2 have given a sell rating, and 7 have given a hold rating for NSRGY.

Consensus Price Target

N/A

NSRGY Analyst Ratings Over Time

Type	Current Forecast 9/29/23 to 9/28/24	1 Month Ago 8/30/23 to 8/29/24	3 Months Ago 7/1/23 to 6/30/24	1 Year Ago 9/29/22 to 9/29/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)	4 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	$124.00
Forecasted Upside	N/A	N/A	N/A	9.57% Upside
Consensus Rating	Reduce	Reduce	Reduce	Hold

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NSRGY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NSRGY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Nestlé Stock vs. The Competition

Type	Nestlé	Consumer Staples Companies	S&P 500
Consensus Rating Score	1.78	2.44	2.50
Consensus Rating	Reduce	Hold	Hold
Predicted Upside	N/A	484.92% Upside	6.14% Upside
News Sentiment Rating	Neutral News See Recent NSRGY News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target
9/16/2024	Morgan Stanley 3 of 5 stars		Downgrade	Equal Weight ➝ Underweight
9/9/2024	Barclays 3 of 5 stars	W. Ackerman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Equal Weight
7/31/2024	Jefferies Financial Group 2 of 5 stars		Upgrade	Underperform ➝ Hold
7/26/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Darbyshire Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
7/26/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
7/26/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Delmas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral
5/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral
2/27/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Sector Perform
1/9/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform
9/11/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold
8/2/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
10/21/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	CHF 126 ➝ CHF 115

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 02:55 PM ET.

Should I Buy Nestlé Stock? NSRGY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, September 11, 2024. Please send any questions or comments about these Nestlé pros and cons to contact@marketbeat.com.

Nestlé
Bull Case

Here are some ways that investors could benefit from investing in Nestlé:

Nestlé has shown consistent growth in its stock price, currently trading at $106.92, indicating potential for capital appreciation.
Nestlé's diversified business segments across different regions provide stability and resilience against market fluctuations.
The company's focus on innovation and sustainability, such as its commitment to reduce environmental impact, can attract socially responsible investors.
Nestlé's strong brand portfolio and global presence offer a competitive advantage in the food and beverage industry.
Steady dividend payments over the years make Nestlé an attractive option for income-oriented investors.

Nestlé
Bear Case

Investors should be bearish about investing in Nestlé for these reasons:

Market analysts have issued mixed ratings on Nestlé, with some downgrading the stock from buy to hold, indicating uncertainty in its future performance.
Increased competition in the food and beverage sector could put pressure on Nestlé's market share and profitability.
Fluctuations in commodity prices, such as dairy and cocoa, may impact Nestlé's production costs and margins.
Global economic uncertainties and geopolitical tensions could affect Nestlé's international operations and revenue streams.
Regulatory changes and evolving consumer preferences pose challenges for Nestlé to adapt quickly and maintain its market position.

NSRGY Forecast - Frequently Asked Questions

: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nestlé in the last year. There are currently 2 sell ratings and 7 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" NSRGY shares.
: According to analysts, Nestlé's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Over the previous 90 days, Nestlé's stock had 4 downgrades and 1 upgrade by analysts.
: Nestlé has been rated by research analysts at Barclays, Berenberg Bank, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group, Morgan Stanley, and UBS Group in the past 90 days.
: Analysts like Nestlé less than other "consumer staples" companies. The consensus rating for Nestlé is Reduce while the average consensus rating for "consumer staples" companies is Hold. Learn more on how NSRGY compares to other companies.