JPMorgan Lifts Mondelez International Price Target Amid Strong Growth Outlook
JPMorgan has raised its price target on Mondelez International Inc. (NASDAQ: MDLZ) to $74 from $64 while reiterating its Overweight rating, signaling confidence in the snack giant’s long-term growth trajectory. The move reflects increasing optimism around the company’s resilient performance and strategic capacity for margin expansion.
The investment bank highlighted several factors contributing to its bullish stance, including Mondelez’s robust presence in emerging markets, continued pricing power, and strong exposure to resilient snacking categories. These attributes are expected to support consistent top-line growth and profit stability despite macroeconomic pressures.
JPMorgan also cited the company’s disciplined cost management and operational efficiencies, which could support stronger margin improvement compared to other companies in the consumer packaged goods (CPG) sector. Additionally, Mondelez’s focus on core categories such as biscuits and chocolate, along with targeted acquisitions, contributes to a favorable long-term outlook.
Mondelez has recently demonstrated strong pricing execution and solid organic revenue growth, supported by increasing consumer demand for indulgent and convenient snacks. Emerging markets remain a key growth driver, offering both volume and pricing opportunities, particularly in regions like Latin America and Southeast Asia.
While recognizing that shares remain relatively expensive versus peers, JPMorgan believes Mondelez’s earnings resilience justifies the valuation premium. The firm added that the broad-based strength in demand across its portfolio and its ability to navigate input cost inflation make the stock a compelling choice for investors seeking defensive growth within the FMCG space.
As the consumer landscape continues to shift toward at-home consumption and on-the-go snacking, Mondelez’s focused portfolio and geographic diversification position it well to deliver long-term shareholder value. With snacking habits becoming increasingly ingrained across global markets, the company’s strategic emphasis on consumer-centric innovation and brand strength underpins its bullish outlook.
Mondelez closed the most recent trading session at $68.43, with JPMorgan’s revised target of $74 representing potential upside of over 8%. The firm’s Overweight rating follows a trend among analysts favoring strong fundamentals and global diversification amid market volatility.