Brown-Forman Corporation (BF.B)
NYSE: BF.B · IEX Real-Time Price · USD
49.15
+0.09 (0.18%)
At close: Apr 22, 2024, 4:00 PM
49.74
+0.59 (1.20%)
After-hours: Apr 22, 2024, 7:46 PM EDT
Brown-Forman Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Brown-Forman stock have an average target of 59.4, with a low estimate of 52 and a high estimate of 76.4. The average target predicts an increase of 20.85% from the current stock price of 49.15.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Brown-Forman stock from 11 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 1 | 1 | 1 | 1 |
| Hold | 5 | 7 | 8 | 8 | 8 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 8 | 10 | 10 | 10 | 10 | 11 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Sell → Hold Upgrades $52 | Strong Sell → Hold | Upgrades | $52 | +5.80% | Apr 2, 2024 |
| Barclays | Barclays | Hold Maintains $59 → $53 | Hold | Maintains | $59 → $53 | +7.83% | Mar 8, 2024 |
| Roth MKM | Roth MKM | Hold Reiterates $59 → $55 | Hold | Reiterates | $59 → $55 | +11.90% | Mar 7, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $60 → $56 | Hold | Maintains | $60 → $56 | +13.94% | Mar 7, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $58 → $63 | Hold | Maintains | $58 → $63 | +28.18% | Mar 1, 2024 |
Financial Forecast
Revenue This Year
4.33B
from 4.23B
Increased by 2.44%
Revenue Next Year
4.45B
from 4.33B
Increased by 2.79%
EPS This Year
2.01
from 1.63
Increased by 23.30%
EPS Next Year
2.03
from 2.01
Increased by 0.95%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.5B | 4.8B | 5.0B |
| Avg | 4.3B | 4.5B | 4.7B |
| Low | 4.1B | 4.1B | 4.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 6.5% | 9.7% | 12.5% |
| Avg | 2.4% | 2.8% | 5.1% |
| Low | -2.6% | -4.7% | -2.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.14 | 2.32 | 2.45 |
| Avg | 2.01 | 2.03 | 2.21 |
| Low | 1.82 | 1.86 | 2.01 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 31.4% | 15.5% | 20.6% |
| Avg | 23.3% | 0.9% | 8.9% |
| Low | 11.8% | -7.4% | -1.0% |
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.