Morgan Stanley Raises Smithfield Foods Price Target to $31

Analysts see continued growth potential for the major pork producer and processor.

Mar. 28, 2026 at 8:34am

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Smithfield Foods, one of the world's largest pork processors and hog producers, had its price target raised by Morgan Stanley from $29 to $31 per share. The firm maintained its 'overweight' rating on the stock, citing the company's strong financial performance and growth prospects.

Why it matters

As a major player in the pork industry, Smithfield Foods' financial health and growth trajectory are closely watched by investors and analysts. The price target increase signals that Morgan Stanley sees continued upside potential for the company's stock, which could boost investor confidence and attract more capital to the firm.

The details

In a research note, Morgan Stanley analysts cited Smithfield's recent earnings results, which beat consensus estimates, as well as the company's diversified product portfolio and global footprint as reasons for the price target increase. Several other research firms have also issued positive ratings and price targets on Smithfield Foods in recent months.

  • Smithfield Foods reported its latest quarterly earnings on March 24, 2026.
  • Morgan Stanley published its updated research note and price target on March 28, 2026.

The players

Smithfield Foods

A major pork processor and hog producer with a global footprint, founded in 1936 and headquartered in Smithfield, Virginia.

Morgan Stanley

A prominent global investment bank and financial services firm that provides research coverage on Smithfield Foods.

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What they’re saying

“We see continued growth potential for Smithfield Foods and are raising our price target accordingly.”

— Morgan Stanley Analyst

What’s next

Investors will be watching to see if Smithfield Foods can continue its strong financial performance and capitalize on the positive analyst sentiment around the stock.

The takeaway

Smithfield Foods' price target increase from Morgan Stanley reflects the company's solid financial footing and growth prospects within the pork industry. As a major player, Smithfield's performance is seen as a bellwether for the broader sector.