Hershey might be poised for sturdy good points forward, in accordance with Goldman Sachs. The financial institution double upgraded shares of the chocolate and cocoa merchandise firm to purchase from promote and hiked its worth goal to $222 from $170, which suggests greater than 19% upside from Monday’s closing worth. “After multiple guidance reductions over the past year, we now see a compelling risk/reward set-up for the stock, with cost pressures (e.g., cocoa, tariffs) largely known and reflected in expectations, plus the company’s market share trends have improved with incremental tailwinds expected in 2H,” analyst Leah Jordan wrote in a Tuesday observe. “Additionally, we expect recent pricing announcements to drive outsized earnings growth in FY26 with a solid consumer backdrop supporting better-than-expected elasticities, noting HSY’s historically strong pricing power tied to its iconic brand portfolio.” Jordan famous that a few of Hershey’s market share losses over the previous yr have been recovering, seeing enchancment within the seasonal, sweets and mints classes. She expects continued enchancment in these areas as a consequence of good points in shelf house and a “step-up” in advertising and marketing and innovation. The analyst additionally famous bettering trends in comfort retailer efficiency as a results of its data-driven technique recognized as the “gold standard planogram,” which may benefit chocolate gross sales. “We see further tailwinds as the company rolls out these efforts across more c-stores (60% adoption expected by YE, up from 50% today),” the analyst additionally stated. “That, combined with an easier c-store lap in 2H, suggests a constructive setup.” Unlike Jordan, most analysts are nonetheless on the sidelines with Hershey, as 17 out of 24 whole analysts protecting it have a maintain ranking, per LSEG. Shares had been practically 3% larger within the premarket Tuesday following the double upgrade. Though shares are constructive on the yr, having risen greater than 9%, they’ve underperformed the broader market in that timeframe. ( Learn the most effective 2026 methods from contained in the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and data right here . )