
Wendy's (WEN) Stock Forecast & Price Target
Wendy's (WEN) Analyst Ratings
Bulls say
Wendy's is supported by a credible turnaround that is already showing early traction, with 3Q26 revenue of $547.0 million and adjusted EBITDA of $113.4 million both ahead of consensus, while U.S. same-store sales of -5.7% beat expectations by 117 bps and improved sequentially through the quarter. The company’s Dave’s Way plan should help rebuild traffic through menu simplification, sharper marketing, better operations, and a stronger digital mix, reinforced by roughly 12% y/y global digital sales growth in FY25 and 20.6% digital mix in U.S. 4Q25. Incremental upside also comes from optional breakfast, which management estimates could add up to $200 million of restaurant-level EBITDA, alongside improved franchise economics, delivery gains, and more disciplined portfolio optimization.
Bears say
Wendy's is facing a bearish fundamental setup because its U.S. turnaround is not showing clear traction, with traffic slowing and 2025 top-line performance declining 3.1% year over year. The company’s 2025 consolidated restaurant-level margin of 13.6% was pressured by commodity inflation and sales deleverage, and 2026 U.S. company-owned restaurant margin is expected to fall to about 12%, highlighting limited operating leverage. Weak same-store sales, intensified value competition, macro and consumer headwinds, and a development story that remains below guidance for 2025-28 all point to muted revenue growth, weaker unit expansion, and valuation risk.
This aggregate rating is based on analysts' research of Wendy's and is not a guaranteed prediction by Public.com or investment advice.
Wendy's (WEN) Analyst Forecast & Price Prediction
Start investing in Wendy's (WEN)
Order type
Buy in
Order amount
Est. shares
0 shares
FAQs About Wendy's (WEN) Forecast
Wendy's (WEN) Analyst Forecast & Price Prediction
Start investing in Wendy's (WEN)
Order type
Buy in
Order amount
Est. shares
0 shares