- General Mills enhances its pet food segment with new launches targeting the fresh pet food market.
- Wall Street sets a positive price target for GIS stocks, suggesting a potential upside.
- GuruFocus projects significant growth, estimating a substantial increase in the stock's fair value.
General Mills Inc. (GIS, Financial) is making significant strides in the pet food industry by expanding its North America Pet segment. The company has introduced Blue Buffalo's "Love Made Fresh" line to meet the rising demand for fresh pet food. Furthermore, Edgard & Cooper's premium pet food is set to launch in the U.S., available through PetSmart starting this July.
Wall Street Analysts Forecast
Wall Street analysts have shared their insights on the future of General Mills Inc (GIS, Financial). Based on the projections of 20 experts, the average price target is $59.81. Their forecast ranges from a high of $72.11 to a low of $50.00, indicating a potential upside of 12.16% from the current trading price of $53.32. For an in-depth view of these forecasts, visit the General Mills Inc (GIS) Forecast page.
With a consensus recommendation from 23 brokerage firms, General Mills Inc's (GIS, Financial) average brokerage recommendation stands at 2.9, classifying it as a "Hold." This rating is part of a scale ranging from 1 (Strong Buy) to 5 (Sell), offering guidance on the stock's performance expectations.
GuruFocus Valuation Insights
According to estimates from GuruFocus, the GF Value for General Mills Inc (GIS, Financial) predicts a valuation of $71.21 within the next year. This projection suggests an impressive potential upside of 33.55% from its current price of $53.32. The GF Value represents GuruFocus' assessment of the stock's fair market value, calculated from historical trading multiples, past business growth, and future performance estimates. For more comprehensive data, explore the General Mills Inc (GIS) Summary page.
