Tootsie Roll Industries (TR) Stock Forecast and Price Target (2026)

Sell-side coverage follows trading volume and banking relationships, so smaller companies, recent listings, and names outside the major indices often carry little or none. That is the situation with TR. It says nothing about the quality of the business, but it does mean there is no informed average to anchor to, and that any single target you find elsewhere is one analyst's model rather than a consensus.

At ~$38.58 on October 16, 2026, Tootsie Roll trades near 31 times trailing earnings, a premium multiple for a company whose sales were flat and whose most recent quarterly profit fell by about a quarter. The market is paying for stability, brands and a near debt-free balance sheet rather than growth, and the ~0.9% cash yield means income is a small part of the return. With no analyst consensus published, the third-quarter report expected around October 21 is the next real check on whether margins recover.

No analyst publishes estimates on TR, so these are the most recent figures we hold, as of October 2026. They describe where the company stands, not where it is going.

• Revenue (TTM): ~$735 million; latest quarter (Q2 2026) down ~0.6% year over year
• Net income (TTM): ~$95 million (~13% net margin); EPS ~$1.26
• Earnings growth (latest quarter): ~-24% year over year
• Margins (TTM): ~34% gross, ~9% operating
• P/E (trailing): ~31x
• Market cap: ~$2.9 billion (~3.9x sales)
• Dividend: ~$0.09 per quarter (~$0.36 a year), ~0.9% yield, plus an annual stock dividend
• Balance sheet: ~$141 million of cash against ~$13 million of debt

Not a published one. Analyst price targets run to about twelve months, occasionally two years, and the firms covering TR do not put out a 2030 number. Anything presenting one is extrapolating a growth rate rather than reporting research, and a figure produced that way tells you about the assumption chosen, not about the company.

What can be said over a long horizon is what the current price already assumes about the business, which is a question the filings answer and a forecast cannot.

That is the more useful frame for a ten-year question. A share price is the market’s estimate of future cash flows discounted to today, so the multiple is already a statement about growth. The long-horizon question is whether Tootsie Roll Industries can deliver what is priced in, and what would have to change for that to break. Both are answerable from the drivers and risks below. A number for 2030 is not.

In short: the drivers cited most often are Durable, defensive brand portfolio, Fortress balance sheet and net cash, Pricing power and margin management. The risk cited most often against it is the main trade-off is slow growth and a rich valuation: Tootsie Roll traded near ~31 times trailing earnings in October 2026 for a business whose sales were flat and whose latest quarterly earnings fell ~24%, so even small disappointments can weigh on the stock.

Both sides are worked through properly, with the high and low targets used as the bull and bear anchors, on the TR is it a buy page. This page deliberately stops at the numbers.