In a report released today, Robert Moskow from TD Cowen maintained a Buy rating on Mondelez International (MDLZ – Research Report), with a price target of $57.00.
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Robert Moskow has given his Buy rating due to a combination of factors influencing Mondelez International’s performance and future prospects. One significant reason is the company’s strategic plan to implement multiple price increases in 2025, particularly in Europe, to offset the rapid rise in cocoa costs and currency headwinds. Mondelez’s management has described market elasticity in Europe as stable, suggesting that these price adjustments can be absorbed without a significant loss in sales volume.
Another factor contributing to the Buy rating is the potential for outsized earnings growth in 2026 if cocoa futures normalize from their current record highs. Although there is uncertainty around the future cocoa prices, the management’s proactive approach to pricing and the possibility of normalization present a favorable outlook. Despite challenges in the North American market and potential shifts in consumer behavior influenced by GLP-1 drugs, Moskow’s analysis suggests that the company’s strategies and market conditions justify a positive recommendation.
According to TipRanks, Moskow is a 4-star analyst with an average return of 3.5% and a 48.93% success rate. Moskow covers the Consumer Defensive sector, focusing on stocks such as JM Smucker, The Hershey Company, and Vital Farms.