Nestle reports 4.0 percent growth: JPMorgan targets Nestle stock at CHF 100

Published on 10/23/2026 at 11:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nine-month sales reached CHF 65.87 billion, versus CHF 65.87 billion a year earlier. JPMorgan raised its target to CHF 100.00 on October 16 for Nestle stock.

Growth, targets and market price

Nestle delivered 4.00 percent organic growth in the third quarter on October 22, 2026.
JPMorgan raised its Nestle target to CHF 100.00 on October 16, 2026.
Nestle stock traded at EUR 90.73 at 10:49 a.m. CEST at Lang & Schwarz on October 23, 2026.

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Nestle (ISIN CH0038863350) reported 4.00 percent organic growth in the third quarter on October 22, 2026, while nine-month sales were CHF 65.87 billion. The update kept the food group's 2026 organic-growth outlook at 3 percent to 4 percent, according to Nestle.

Three recent markers

On October 16, 2026, JPMorgan upgraded Nestle from Neutral to Overweight and raised its target from CHF 90.00 to CHF 100.00, according to Yahoo Finance. On October 22, 2026, Nestle reported third-quarter sales of CHF 22.76 billion, compared with CHF 21.64 billion a year earlier, according to Nestle. On the same date, the company said free cash flow was expected to exceed CHF 9 billion in 2026, also in the release.

What does volume growth mean?

The quality of the sales mix improved because real internal growth reached 2.80 percent in the third quarter, up from 1.80 percent in the second quarter. Pricing contributed 1.10 percentage points, while the company reported 4.00 percent organic growth for the quarter.

The regional split adds a second angle. Asia, Oceania and Africa delivered 6.40 percent organic growth in the third quarter, while Nestle Waters and Premium Beverages grew 12.30 percent. Nutrition grew 0.30 percent, making execution across categories important for the margin outlook.

Upcoming reporting dates

Nestle's next two scheduled investor dates are February 18, 2027, for 2026 full-year results, and April 15, 2027, for the 160th Annual General Meeting, as listed on the company's investor calendar at Nestle.

Price stays the market reference

For investors, the 2.80 percent volume contribution is the central operating signal because it shows that the quarter's growth was not driven by pricing alone. The next test is whether the improved internal growth can support the company's planned margin improvement and free-cash-flow target.

Nestle stock was trading at EUR 90.73 at Lang & Schwarz on October 23, 2026 at 10:49 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Nestle stock.