Unilever Share Price Target Lifted at BofA, TD Cowen Following Strong Q2 Results

Unilever (LON: ULVR) (NYSE: UL) received price target increases from two Wall Street firms on Wednesday, July 29, 2026, as analysts grew more optimistic on the consumer goods giant following a better-than-expected second-quarter report.

TD Cowen analyst Robert Moskow raised his price target on Unilever to $76 from $67 while maintaining a Buy rating on the shares. Moskow highlighted that Unilever posted a volume-led sales beat of 5.8% in the second quarter, well ahead of the 4.3% consensus estimate.

Earnings per share also topped expectations, coming in at EUR 1.61 versus the EUR 1.59 consensus. According to Moskow, the strength of the results has given Unilever’s management the confidence to raise its sales outlook for the second half of the year.

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Later in the morning, BofA analyst Nicolas Ceron also lifted his price target on Unilever, moving it to $76 from $72, while reiterating a Buy rating. Ceron pointed to a 300-basis-point beat on volume/mix in the quarter as a key driver of his more bullish stance. Following the report, BofA raised its EPS estimates for Unilever by 1% for each of 2026, 2027, and 2028.

Both analysts’ revised targets of $76 now align exactly, reflecting a broader convergence of sell-side sentiment toward the stock after the company’s quarterly performance exceeded market expectations on both volume and profitability.

Unilever’s American Depositary Receipts were trading modestly lower in Wednesday’s session, down about 0.75% to near $66.37, even as analysts turned more constructive following the earnings beat. The company’s shares have been buoyed in recent quarters by improving underlying volume trends and management’s efforts to sharpen its brand portfolio and improve execution across its personal care, home care, and nutrition segments.