Evercore Lowers Mondelez (MDLZ) Price Target Amid Rising Price Sensitivity

Mondelez International, Inc. (NASDAQ:MDLZ) ranks among the top picks for a retirement portfolio. On September 26, Evercore ISI maintained its Outperform rating on Mondelez International, Inc. (NASDAQ:MDLZ) but lowered its price target from $73 to $72. One of the main reasons for the snack food giant’s slower sales growth, according to the firm, is increasing price elasticity across Europe.

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As a result, Evercore ISI has reduced its projection for third-quarter consolidated organic sales to 3.5%, which is less than the 4.5% consensus expectation. In addition, the firm lowered its expectation for organic sales growth in 2025 from 5% to 4.4%. Analysts cautioned that short-term sales risk might push Mondelez International, Inc. (NASDAQ:MDLZ) stock down 5–10%, putting it at the lower end of its 10-year price-to-earnings range of 18x.

Even with these immediate worries, Evercore ISI still considers Mondelez International, Inc. (NASDAQ:MDLZ) to be “a solid long-term growth story at a reasonable price.”

Mondelez International, Inc. (NASDAQ:MDLZ), often known as Mondelēz International, is a Chicago-based international firm that specializes in confectionery, cuisine, drinks, and snacks.

While we acknowledge the potential of MDLZ to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MDLZ and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.