Jefferies, Wolfe Research Lift Mondelez Targets to $76–$78 on Margin Gains
Jefferies raised Mondelez’s price target to $76, citing 150 basis points of incremental margin expansion from cost savings programs in fiscal 2026. Wolfe Research followed with a $78 target, forecasting EPS growth to outpace consensus at 10% annualized through 2027.
1. Analysts Increase Ratings
Jefferies boosted Mondelez’s rating to Buy with a price target of $76, attributing the upgrade to expected 150 basis points of margin expansion from ongoing cost optimization and supply-chain efficiencies in fiscal 2026.
2. Wolfe Research Raises Forecast
Wolfe Research followed suit, setting a $78 target and projecting annual EPS growth of roughly 10% through 2027, driven by pricing power in snacks markets and continued product innovation.
3. Implications for Valuation
Both firms believe improved operating leverage and free cash flow conversion warrant a premium valuation, lifting Mondelez’s forward EV/EBITDA multiple toward 14x compared with its 10-year average of 12x.