Mondelez International Stock Soars Following Wells Fargo Upgrade

By Ethan Bennett Jun 26, 2025

Wells Fargo's promising upgrade sends Mondelez International stock soaring, demonstrating strong pricing execution despite inflation concerns.

Mondelez International (MDLZ) emerged as a significant gainer on the S&P 500 on Friday, spurred by an upgrade and an increased price target from Wells Fargo. The financial services company transitioned their rating of the snack and candy behemoth from "equal weight" to "overweight" and elevated their price target from $68 to $78. They cited an increasingly convincing "bull case" for brands like Chips Ahoy!, Oreo, and Sour Patch Kids. Despite facing historical inflation in 2025, analysts from Wells Fargo believe the company's strong pricing execution will prevail. The analysts also anticipate inflation to decelerate in 2026, hinting at a potential earnings recovery on the horizon. Reacting to these developments, shares of Mondelez International increased by over 3% in recent trading, reaching around $68.50. The company's stocks have seen an approximate growth of 15% this year.

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