General Mills Stock Price Target Adjustments and Profit Beats

Analysts raised price targets on General Mills after a fiscal Q4 profit beat. TD Cowen lifted its target to $32 from $31, BNP Paribas Exane to $38 from $37, and Deutsche Bank to $33, all while keeping cautious Hold/neutral ratings.

General Mills' stock drew a wave of analyst target increases after fiscal fourth-quarter results beat Wall Street estimates, with adjusted earnings per share of $0.95 versus the $0.81 forecast. TD Cowen raised its price target on GIS to $32 from $31 while maintaining a Hold rating, citing the EPS beat and in-line fiscal 2027 guidance. BNP Paribas Exane lifted its target to $38 from $37 while keeping a neutral rating, and Deutsche Bank raised its target to $33 while maintaining a Hold rating.

Despite the round of target increases, the moves read more as caution than a fundamental shift in sentiment. TD Cowen noted that the outsized market reaction to the earnings print likely stemmed from short covering and excessive pessimism from the buy-side heading into the print, rather than investors turning fundamentally positive on the stock. Each of the three revised targets remains close to or below General Mills' prevailing share price, underscoring that analysts still view the stock as fairly valued to cautious rather than meaningfully undervalued.

The mixed reaction highlights the tension between General Mills' near-term earnings beat and longer-running concerns about volume growth in a consumer staples environment pressured by private-label competition and shifting demand patterns. Investors should watch for further target revisions as more sell-side firms update models following the fiscal 2027 guidance, along with whether the $3 billion cost-cutting program announced alongside earnings begins to show up in improved organic sales trends.