Conagra Brands, Inc. (CAG)

Conagra Brands Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Conagra Brands stock have an average target of 31.36, with a low estimate of 28 and a high estimate of 37. The average target predicts an increase of 5.84% from the current stock price of 29.63.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$28	$31.36	$31	$37
Change	-5.50%	+5.84%	+4.62%	+24.87%

Analyst Ratings

The average analyst rating for Conagra Brands 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	1	1	0	0	0	0
Buy	1	1	1	1	1	1
Hold	11	11	11	11	11	10
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	13	13	12	12	12	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Lazar Barclays	Barclays	Buy Maintains $34 → $33	Buy	Maintains	$34 → $33	+11.37%	Jul 12, 2024
Nik Modi RBC Capital	RBC Capital	Hold Maintains $30 → $29	Hold	Maintains	$30 → $29	-2.13%	Jul 12, 2024
David Palmer Evercore ISI Group	Evercore ISI Group	Hold Maintains $32 → $31	Hold	Maintains	$32 → $31	+4.62%	Jul 12, 2024
Matthew Smith Stifel	Stifel	Hold Maintains $32 → $30	Hold	Maintains	$32 → $30	+1.25%	Jul 12, 2024
Chris Carey Wells Fargo	Wells Fargo	Hold Maintains $32 → $31	Hold	Maintains	$32 → $31	+4.62%	Jul 10, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

12.32B

Increased by 2.21%

from 12.05B

Revenue Next Year

12.54B

Increased by 1.79%

from 12.32B

EPS This Year

2.73

Increased by 278.58%

from 0.72

EPS Next Year

2.86

Increased by 4.75%

from 2.73

Year	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	11.05B	11.18B	11.54B	12.28B	12.05B	12.32B	12.54B	12.85B	13.18B
Revenue Growth	15.89%	1.18%	3.14%	6.42%	-1.84%	2.21%	1.79%	2.46%	2.58%
EPS	1.72	2.66	1.84	1.42	0.72	2.73	2.86	2.94	3.01
EPS Growth	13.16%	54.65%	-30.83%	-22.83%	-49.30%	278.58%	4.75%	3.13%	2.14%
Forward PE	-	-	-	-	-	10.87	10.38	10.06	9.85
No. Analysts	-	-	-	-	-	18	13	4	3

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

Revenue Forecast

Revenue	2025	2026	2027	2028
High	13.0B	13.3B	13.6B	13.9B
Avg	12.3B	12.5B	12.8B	13.2B
Low	11.8B	12.0B	12.3B	12.6B

Revenue Growth

Revenue Growth	2025	2026	2027	2028
High	7.8%	8.2%	8.4%	8.3%
Avg	2.2%	1.8%	2.5%	2.6%
Low	-1.9%	-2.9%	-2.1%	-2.0%

EPS Forecast

EPS	2025	2026	2027	2028
High	2.89	3.07	3.16	3.21
Avg	2.73	2.86	2.94	3.01
Low	2.56	2.63	2.72	2.84

EPS Growth

EPS Growth	2025	2026	2027	2028
High	301.0%	12.5%	10.7%	9.0%
Avg	278.6%	4.8%	3.1%	2.1%
Low	255.2%	-3.6%	-4.6%	-3.5%

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.