63/100BUnilever stock forecast 2026–2029What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Unilever is 66.08, 0.1% above the current price of 66.00. Their targets range from 39.41 to 81.08.
Of the 6 firms that rated Unilever in the past 12 months, 1 rate it buy or strong buy, 5 hold and 0 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 39.41 to 81.08, with an average of 66.08.
| Buy | 1 | |
| Hold | 5 | |
| Sell | 0 |
12-month price target
| Highest target | 81.08 |
| Average target | 66.08 |
| Lowest target | 39.41 |
| Current price | 66.00 |
Unilever price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
How analysts rate Unilever, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
1 of 6 firms rate it buy now, against 1 of 2 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Unilever analyst upgrades, downgrades and price targets
The latest rating change came on 21 April 2026, when RBC Capital Mkts upgraded Unilever from Underperform to Sector Perform. The most recent new target came from BNP Paribas on 8 January 2026: 71.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 21 Apr 2026 | RBC Capital Mkts | Upgraded · Underperform → Sector Perform | — | — | — |
| 18 Feb 2026 | DZ Bank | Downgraded · Buy → Hold | — | — | — |
| 17 Feb 2026 | Kepler | Downgraded · Buy → Hold | — | — | — |
| 9 Feb 2026 | Deutsche Bank | Downgraded · Buy → Hold | — | — | — |
| 8 Jan 2026 | BNP Paribas | — | 71.00 | — | 62.62 |
| 8 Jan 2026 | Exane BNP Paribas | Downgraded · Outperform → Neutral | — | — | — |
| 15 Dec 2025 | Morgan Stanley Sarah Simon | — | 60.10 | — | 64.90 |
Unilever EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Unilever's EPS to grow 13.8% a year until 2027. Over the last 5 years it grew 4.1% a year, and over the last 3 years it fell 4.7%.
Analysts expect Unilever's revenue to grow 3.1% a year until 2028. Over the last 5 years it fell 0.1% a year, and over the last 3 years it fell 5.6%.
Revenue
EPS
Does Unilever beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 13.7% off the result, either way, and their revenue estimate 2.3%, over the last 12 quarters.
- EPS beats
- 18 / 28
- Revenue beats
- 20 / 26
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- -2.4%
- Since
- May 1996
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| H1 FY2026 | 28 Jul 2026 | 1.84 | 1.83 | -0.5% | 29.39B | 29.14B | -0.9% |
| H2 FY2025 | 12 Feb 2026 | 1.75 | 1.37 | -21.7% | 31.39B | 29.71B | -5.4% |
| H1 FY2025 | 31 Jul 2025 | 1.83 | 1.67 | -8.7% | 34.49B | 35.47B | +2.9% |
| H2 FY2024 | 13 Feb 2025 | 1.53 | 0.85 | -44.8% | 31.63B | 30.70B | -2.9% |
| H1 FY2024 | 25 Jul 2024 | 1.67 | 1.58 | -5.4% | 33.81B | 33.46B | -1.0% |
| H2 FY2023 | 8 Feb 2024 | 1.41 | 1.28 | -9.2% | 30.05B | 32.09B | +6.8% |
| H1 FY2023 | 25 Jul 2023 | 1.49 | 1.53 | +2.7% | 32.87B | 33.19B | +1.0% |
| H1 FY2023 | 23 Jul 2023 | 1.49 | 1.65 | +10.7% | 32.87B | 33.61B | +2.3% |
| H2 FY2022 | 9 Feb 2023 | 1.36 | 2.00 | +47.1% | 32.71B | 32.80B | +0.3% |
| H1 FY2022 | 26 Jul 2022 | 1.41 | 1.45 | +2.8% | 29.53B | 30.02B | +1.7% |
| H2 FY2021 | 21 Oct 2021 | 1.50 | 1.41 | -6.0% | 30.86B | 30.60B | -0.9% |
| H1 FY2021 | 22 Jul 2021 | 1.50 | 1.57 | +4.7% | 30.86B | 30.41B | -1.5% |
Unilever stock price 2026–2029: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Unilever's earnings keep growing at the 10.9% a year analysts expect to FY2027, it would earn about 4.60 a share in FY2029. At the P/E it has traded at over the last five years (17.7 to 26.9) that is 81.19 to 123.85 a share, or 100.14 at its average P/E of 21.8. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 3.51 | 62.04 | 76.52 | 94.63 |
| FY2027 | 3.74 | 66.00 | 81.41 | 100.69 |
| FY2028 (extrapolated) | 4.15 | 73.20 | 90.29 | 111.67 |
| FY2029 (extrapolated) | 4.60 | 81.19 | 100.14 | 123.85 |
Each year's EPS is the analysts' consensus to FY2027; the years after grow 10.9% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (17.7, 21.8, 26.9).
Is Unilever stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Unilever's P/E of 23.1 is below the middle of its 5-year range (16.5 to 33.5, median 25.2). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Buyers pay less for each point of growth than usual: a PEG of 1.7 on expected growth against 6.2 on its median P/E and past five years' growth. At its usual P/E (25.2 × EPS of 2.85), Unilever's fair value is 71.93; the price, 66.00, is 8.3% below it. Its forward P/E, on the consensus for FY2026, is 18.8.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (16.5 and 33.5). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 23.13
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 25.21
- Five-year P/E range
- 16.5 – 33.5
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 18.78
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 2.12
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +0.1%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 99.090 | 194.93146Price 99.09244 | +96.7% | |
| 42.225 | 82.9546Price 42.23165 | +96.4% | |
| 186.680 | 360.82271Price 186.68451 | +93.3% | |
| 213.670 | 405.57304Price 213.67507 | +89.8% | |
| 161.160 | 305.51157Price 161.16396 | +89.6% | |
| 160.650 | 300.09225Price 160.65375 | +86.8% | |
| 165.860 | 308.95212Price 165.86442 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.