Amcor Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Amcor stock have an average target of 9.75, with a low estimate of 9.00 and a high estimate of 10.5. The average target predicts an increase of 8.94% from the current stock price of 8.95.

Analyst Consensus: Sell

Target	Low	Average	Median	High
Price	$9.00	$9.75	$10	$10.5
Change	+0.56%	+8.94%	+11.73%	+17.32%

* Price targets were last updated on Nov 3, 2023.

Analyst Ratings

The average analyst rating for Amcor stock from 4 stock analysts is "Sell". This means that analysts believe this stock is likely to lead to lower returns than market as a whole.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	2	2	2	2	2	2
Sell	1	1	1	1	1	1
Strong Sell	1	1	1	1	1	1
Total	4	4	4	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Roxland Truist Securities	Truist Securities	Hold Maintains $11 → $10	Hold	Maintains	$11 → $10	+11.73%	Nov 3, 2023
George Staphos B of A Securities	B of A Securities	Strong Buy → Sell Downgrades $12 → $9	Strong Buy → Sell	Downgrades	$12 → $9	+0.56%	Jul 10, 2023
Anthony Pettinari Citigroup	Citigroup	Hold Maintains $12 → $11	Hold	Maintains	$12 → $11	+17.32%	May 5, 2023
Adam Samuelson Goldman Sachs	Goldman Sachs	Strong Sell Maintains $11 → $9.5	Strong Sell	Maintains	$11 → $9.5	+6.15%	May 3, 2023
George Staphos B of A Securities	B of A Securities	Sell → Strong Buy Upgrades n/a	Sell → Strong Buy	Upgrades	n/a	n/a	Oct 13, 2022

More Analyst Ratings

Financial Forecast

Revenue This Year

14.17B

from 14.69B

-3.57%

from 14.69B

Revenue Next Year

14.58B

from 14.17B

2.87%

from 14.17B

EPS This Year

0.70

from 0.71

-0.79%

from 0.71

EPS Next Year

0.75

from 0.70

6.68%

from 0.70

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	9.46B	12.47B	12.86B	14.54B	14.69B	14.17B	14.58B	14.80B	15.12B	15.40B
Revenue Growth	1.49%	31.82%	3.15%	13.09%	1.03%	-3.57%	2.87%	1.54%	2.15%	1.84%
EPS	0.36	0.38	0.60	0.53	0.71	0.70	0.75	0.78	0.78	0.82
EPS Growth	-26.52%	5.23%	57.59%	-12.13%	33.27%	-0.79%	6.68%	4.55%	-0.62%	5.26%
No. Analysts	-	-	-	-	-	13	13	11	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	14.9B	15.9B	16.2B	15.8B	16.2B
Avg	14.2B	14.6B	14.8B	15.1B	15.4B
Low	13.3B	13.2B	13.3B	14.4B	14.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	1.5%	12.5%	11.0%	6.8%	7.3%
Avg	-3.6%	2.9%	1.5%	2.1%	1.8%
Low	-9.3%	-6.6%	-8.8%	-2.9%	-3.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	0.72	0.79	0.84	0.80	0.84
Avg	0.70	0.75	0.78	0.78	0.82
Low	0.67	0.70	0.72	0.74	0.78

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	2.8%	12.6%	12.6%	2.3%	8.4%
Avg	-0.8%	6.7%	4.5%	-0.6%	5.3%
Low	-5.5%	-0.5%	-4.1%	-4.5%	1.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.