Fomento Económico Mexicano, S.A.B. de C.V. (FMX) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$119.91
Price Target
$116.00
Target Range
$116.00 — $116.00
Analyst Rating
Buy
Forward P/E1.4x
Trailing P/E4.4x
Forward PEG—
Implied Growth-84.8%
Median Target$116.00
Analyst Spread0.0%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$116
-3.3%
Consensus
$116
-3.3%
Bull Case
$116
-3.3%
Valuation Model TargetsConfidence: 47/100
Bear$4540
Base$1463
Bull$9784
FMX Price Target Analysis
Updated May 8, 2026As of May 8, 2026, Fomento Económico Mexicano, S.A.B. de C.V. (FMX) has a Wall Street consensus price target of $116.00, based on estimates from 11 covering analysts. With the stock currently trading at $119.91, this represents a potential downside of -3.3%. The company has a market capitalization of $4.14B.
Analyst price targets range from a low of $116.00 to a high of $116.00, representing a 0% spread in expectations. The median target of $116.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 8 analysts rating the stock as a Buy or Strong Buy,3 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, FMX trades at a trailing P/E of 4.4x and forward P/E of 1.4x. Analysts expect EPS to grow -84.8% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $1463.32, with bear and bull scenarios of $4540.09 and $9784.29 respectively. Model confidence stands at 47/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Consumer Defensive stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+20.2%
Avg Forward P/E19.9x
Peers with Coverage9 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 KOThe Coca-Cola Company | $337.6B | $78.44 | $85.71 | +9.3% | Buy | 24.1x | 48 |
 PEPPepsiCo, Inc. | $213.6B | $156.29 | $174.00 | +11.3% | Hold | 18.0x | 45 |
 CCEPCoca-Cola Europacific Partners PLC | $41.9B | $93.50 | $110.60 | +18.3% | Buy | 20.7x | 28 |
 COKECoca-Cola Consolidated, Inc. | $14.9B | $177.61 | — | — | Hold | — | 1 |
 KDPKeurig Dr Pepper Inc. | $38.7B | $28.52 | $32.33 | +13.4% | Buy | 12.5x | 28 |
 MNSTMonster Beverage Corporation | $74.3B | $75.97 | $85.38 | +12.4% | Buy | 33.7x | 43 |
 BUDAnheuser-Busch InBev SA/NV | $138.1B | $80.26 | $89.00 | +10.9% | Buy | 18.8x | 45 |
 TAPMolson Coors Beverage Company | $8.1B | $43.13 | $48.30 | +12.0% | Hold | 9.2x | 37 |
 SAMThe Boston Beer Company, Inc. | $2.2B | $202.76 | $246.86 | +21.7% | Hold | 20.6x | 31 |
 CELHCelsius Holdings, Inc. | $8.8B | $34.26 | $59.00 | +72.2% | Buy | 21.3x | 22 |
Upside Potential Comparison
CELHSAMCCEPKDPMNSTTAPPEPBUDSee FMX's True Return
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Start ComparisonFMX — Frequently Asked Questions
Quick answers to the most common questions about buying FMX stock.
What is the FMX stock price target for 2026?
Wall Street's consensus price target for FMX is $116, -3.3% from its current price of $119.91. The below-market target from 11 analysts suggests limited near-term appreciation.
Is FMX a buy, sell, or hold?
FMX has a consensus rating of "Buy" based on 11 Wall Street analysts. The rating breakdown is predominantly bullish, with 8 Buy/Strong Buy ratings. The consensus 12-month price target of $116 implies -3.3% downside from current levels.
Is FMX stock overvalued or undervalued?
With a forward P/E of 1.3615x, FMX trades at a relatively low valuation. The consensus target of $116 implies -3.3% move, suggesting the market may be pricing in risks.
How high can FMX stock go?
The most bullish Wall Street analyst has a price target of $116 for FMX, while the most conservative target is $116. The consensus of $116 represents the median expectation. Our quantitative valuation model projects a bull case target of $9784 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover FMX stock?
FMX is moderately covered, with 11 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 8 have Buy ratings, 3 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the FMX stock forecast?
The 12-month FMX stock forecast based on 11 Wall Street analysts shows a consensus price target of $116, with estimates ranging from $116 (bear case) to $116 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $1463, with bear/bull scenarios of $4540/$9784.
What is FMX's fair value based on fundamentals?
Our quantitative valuation model calculates FMX's fair value at $1463 (base case), with a bear case of $4540 and bull case of $9784. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 47/100.
What is FMX's forward P/E ratio?
FMX trades at a forward P/E ratio of 1.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 4.4x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy FMX stock?
Analysts are cautious on FMX, with 0 Sell ratings and a price target of $116 (-3.3% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do FMX price targets vary so much?
FMX analyst price targets range from $116 to $116, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $116 consensus represents the middle ground. Our model's $4540-$9784 range provides an independent fundamental perspective.