Mondelez International (MDLZ – Research Report), the Consumer Defensive sector company, was revisited by a Wall Street analyst today. Analyst Peter Galbo from Bank of America Securities reiterated a Buy rating on the stock and has a $65.00 price target.
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Peter Galbo has given his Buy rating due to a combination of factors influencing Mondelez International’s current and future market position. Despite the unexpected impact of cocoa inflation on the company’s earnings, Galbo sees the rebased 2025 EPS expectations as a realistic foundation for growth into 2026 and beyond. Mondelez’s cautious approach in accounting for cocoa costs in their guidance suggests that current estimates may be at a low point, presenting potential for upward revisions.
Additionally, Mondelez does not face significant topline issues, unlike some of its peers, and its strong organic sales performance demonstrates resilience. The expected improvement in gross margins and the company’s strategic cost management are also positive indicators for future earnings. The analyst believes that Mondelez’s ability to manage inflationary pressures and potential price adjustments could support further EPS growth, justifying a price objective of $65 per share.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $57.00 price target.