The Wendy's Company — Wall Street Analyst Estimates & Price Targets

WEN

NASDAQConsumer CyclicalRestaurantsCIK 0000030697wendys.comAbout WEN

Last close · Oct 26, 20266.19−0.03 (−0.48%)

Market cap$1.2B

3 firms' latest targets, last 90 days: median $6.50 ($5.50–$7.00), 5% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 3 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-26	UBS	$6.50	$8.00	▼ 19%	+5%	+5%
2026-10-15	Stephens	$7.00	—	—	+9%	+13%
2026-08-10	Morgan Stanley	$5.50	$7.00	▼ 21%	-26%	-11%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2023reported	$2.2B	+4%	$0.97	+18%	est. $2.2B+0%	est. $0.99	16
2024reported	$2.2B	+3%	$0.95	-2%	est. $2.2B+1%	est. $1.00	15
2025reported	$2.2B	-3%	$0.85	-11%	est. $2.2B+0%	est. $0.87	15
2026	$2.2B	+1%	$0.48	-44%	$2.2B–$2.2B	$0.43–$0.52	16
2027	$2.2B	-1%	$0.49	+1%	$2.1B–$2.3B	$0.33–$0.62	16
2028	$2.3B	+4%	$0.56	+15%	$2.2B–$2.5B	$0.43–$0.68	8
2029	$2.3B	+4%	$0.85	+52%	$2.3B–$2.5B	$0.81–$0.91	4
2030	$2.3B	+0%	$0.93	+9%	$2.3B–$2.5B	$0.89–$1.00	4

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$6.50median target, 5% above the last close

Firms with a target · last 90 days: 3
Lowest – highest target: $5.50 – $7.00
Current grades of 15 firms: positive / neutral / negative: 2 / 9 / 4
Upgrades / downgrades · 12 months: 1 / 2
Consensus revenue growth · next 3 FY: +1% a year

Current grades

each firm's latest · 15 firms

As of	Firm	Grade
2026-10-23	Citigroup	“Neutral”
2026-10-23	Evercore ISI	“In Line”
2026-10-15	Stephens & Co.	“Equal Weight”
2026-05-13	Argus Research	“Buy”
2026-05-12	TD Cowen	“Hold”
2026-05-11	BMO Capital	“Market Perform”
2026-05-11	J.P. Morgan	“Underweight”
2026-02-17	Barclays	“Equal Weight”
2026-02-17	RBC Capital	“Sector Perform”
2026-02-17	Truist	“Buy”

5 more

2026-02-17	UBS	“Neutral”
2026-02-17	Goldman Sachs	“Sell”
2026-01-20	Morgan Stanley	“Underweight”
2026-01-09	Mizuho	“Underperform”
2025-10-31	Stifel	“Hold”

Grade changes

last 24 months · 7

Date	Firm	Grade
2026-05-13	Argus Research	“Hold” → “Buy” upgrade
2026-05-11	J.P. Morgan	“Neutral” → “Underweight” downgrade
2025-12-03	J.P. Morgan	“Overweight” → “Neutral” downgrade
2025-09-25	Northcoast Research	“Neutral” → “Sell” downgrade
2025-09-23	Argus Research	“Buy” → “Hold” downgrade
2025-05-05	J.P. Morgan	“Neutral” → “Overweight” upgrade
2025-01-21	Morgan Stanley	“Equal Weight” → “Underweight” downgrade

53 older than 24 months

2024-02-22	Bernstein	“Outperform” → “Market Perform” downgrade
2024-02-21	J.P. Morgan	“Overweight” → “Neutral” downgrade
2024-01-16	Gordon Haskett	“Buy” → “Hold” downgrade
2024-01-03	Barclays	“Overweight” → “Equal Weight” downgrade
2023-12-21	Wedbush	“Outperform” → “Neutral” downgrade
2023-07-26	Kalinowski Research	“Buy” → “Neutral” downgrade
2023-05-19	Argus Research	“Hold” → “Buy” upgrade
2023-03-06	Northcoast Research	“Buy” → “Neutral” downgrade
2023-01-17	Deutsche Bank	“Buy” → “Hold” downgrade
2023-01-13	Evercore ISI	“Outperform” → “In Line” downgrade
2023-01-05	Oppenheimer	“Outperform” → “Perform” downgrade
2022-08-03	OTR Global	“Mixed” → “Positive” upgrade
2022-04-18	BMO Capital	“Outperform” → “Market Perform” downgrade
2021-11-16	Argus Research	“Buy” → “Hold” downgrade
2021-08-18	Oppenheimer	“Perform” → “Outperform” upgrade
2021-08-12	Evercore ISI	“In Line” → “Outperform” upgrade
2021-06-14	Northland Capital Markets	“Neutral” → “Buy” upgrade
2021-06-09	Northcoast Research	“Buy” → “Neutral” downgrade
2021-06-09	Stifel	“Buy” → “Hold” downgrade
2021-05-20	Argus Research	“Hold” → “Buy” upgrade
2021-03-22	Argus Research	“Buy” → “Hold” downgrade
2021-01-27	Deutsche Bank	“Hold” → “Buy” upgrade
2021-01-11	Evercore ISI	“Outperform” → “In Line” downgrade
2021-01-07	Oppenheimer	“Outperform” → “Perform” downgrade
2020-11-12	Northcoast Research	“Neutral” → “Buy” upgrade
2020-11-05	Bank of America	“Neutral” → “Buy” upgrade
2020-11-05	MKM Partners	“Neutral” → “Buy” upgrade
2020-05-14	Evercore ISI	“In Line” → “Outperform” upgrade
2020-05-04	Northcoast Research	“Buy” → “Neutral” downgrade
2020-03-31	Wedbush	“Neutral” → “Outperform” upgrade
2020-03-31	TD Cowen	“Market Perform” → “Outperform” upgrade
2019-11-25	Stifel	“Hold” → “Buy” upgrade
2019-10-07	TD Cowen	“Outperform” → “Market Perform” downgrade
2019-09-10	BTIG Research	“Buy” → “Neutral” downgrade
2019-09-10	Guggenheim	“Buy” → “Neutral” downgrade
2019-09-04	Kalinowski Research	“Neutral” → “Buy” upgrade
2019-03-20	Mizuho	“Buy” → “Neutral” downgrade
2019-01-09	Wedbush	“Outperform” → “Neutral” downgrade
2019-01-09	Oppenheimer	“Perform” → “Outperform” upgrade
2019-01-07	Stifel	“Buy” → “Hold” downgrade
2018-05-05	Argus	“Buy” → “Hold” downgrade
2018-03-08	Longbow Research	“Neutral” → “Buy” upgrade
2018-03-01	UBS	“Sell” → “Neutral” upgrade
2018-02-16	Guggenheim	“Neutral” → “Buy” upgrade
2018-01-12	Longbow Research	“Buy” → “Neutral” downgrade
2017-12-20	Wedbush	“Neutral” → “Outperform” upgrade
2017-09-15	Longbow Research	“Neutral” → “Buy” upgrade
2017-02-24	J.P. Morgan	“Neutral” → “Overweight” upgrade
2017-01-06	Longbow Research	“Buy” → “Neutral” downgrade
2016-12-01	Guggenheim	“Buy” → “Neutral” downgrade
2016-11-29	Goldman Sachs	“Buy” → “Neutral” downgrade
2016-11-25	Argus	“Hold” → “Buy” upgrade
2016-08-02	RBC Capital	“Outperform” → “Sector Perform” downgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.