RBC Reaffirms ‘Outperform’ Rating on Kraft Heinz With $32 Price Target

Kraft Heinz's (KHC) stock has received a boost from Royal Bank of Canada, which reaffirmed its 'outperform' rating and set a $32 price target. This implies a potential upside of 34.66% from the stock's previous close. The analysts at RBC expect Kraft Heinz's investments in innovation, pricing, and marketing to improve results, with 2027 potentially marking a turning point.

In addition to RBC, other brokerages have also issued reports on KHC. JPMorgan Chase & Co. upped its price target from $21.00 to $22.00 and gave the stock an 'underweight' rating in a research report on July 15th. Meanwhile, TD Cowen reaffirmed a 'hold' rating and assigned a $22 price target, which is below recent trading levels.

Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, equities research analysts anticipate that Kraft Heinz will post 2.06 earnings per share for the current fiscal year. The company's well-known brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Capri Sun, Jell-O, Maxwell House, and Classico.