Campbell's Stock Hits New 52-Week Low After Analyst Downgrade

Wells Fargo lowers price target, citing concerns about the company's outlook

Mar. 4, 2026 at 3:48pm

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Campbell's (NASDAQ:CPB) stock price reached a new 52-week low after Wells Fargo & Company downgraded the company and lowered its price target. The stock traded as low as $25.54 on Wednesday, closing at $25.61 with over 1.9 million shares traded.

Why it matters

Campbell's is a major consumer staples company, and its stock performance is seen as an indicator of broader trends in the food and beverage industry. The downgrade and new 52-week low raise concerns about the company's ability to navigate challenges like changing consumer preferences and increased competition.

The details

Wells Fargo lowered its price target on Campbell's from $30 to $28, maintaining an 'equal weight' rating on the stock. Other analysts have also issued mixed views, with some maintaining 'hold' ratings and others downgrading the stock to 'sell'. The company's shares have declined over 20% in the past year as it faces headwinds like declining soup sales and increased competition from private label brands.

  • On Wednesday, Campbell's stock reached a new 52-week low of $25.54.
  • The downgrade and lower price target from Wells Fargo was issued on March 4, 2026.

The players

Campbell's

A leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey.

Wells Fargo & Company

A major financial services company that provides banking, investment, and mortgage products. It currently has an 'equal weight' rating on Campbell's stock.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

Campbell's struggles highlight the challenges facing traditional consumer staples companies as they navigate changing consumer preferences and increased competition from private label brands. The company's ability to adapt and innovate will be crucial in determining its long-term success.