Conagra Brands, Inc. (CAG)

Conagra Brands Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for Conagra Brands stock have an average target of 30.22, with a low estimate of 28 and a high estimate of 36. The average target predicts an increase of 20.74% from the current stock price of 25.03.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$28	$30.22	$29	$36
Change	+11.87%	+20.74%	+15.86%	+43.83%

Analyst Ratings

The average analyst rating for Conagra Brands stock from 9 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24	Jan '25
Strong Buy	1	1	1	1	1	1
Buy	1	1	1	1	1	1
Hold	9	8	6	6	6	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	11	10	8	8	8	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Matthew Smith Stifel	Stifel	Hold Maintains $30 → $28	Hold	Maintains	$30 → $28	+11.87%	Jan 24, 2025
Ken Goldman JP Morgan	JP Morgan	Hold Maintains $30 → $29	Hold	Maintains	$30 → $29	+15.86%	Jan 3, 2025
Andrew Lazar Barclays	Barclays	Buy Maintains $33 → $32	Buy	Maintains	$33 → $32	+27.85%	Dec 23, 2024
Bryan Spillane B of A Securities	B of A Securities	Hold Maintains $31 → $29	Hold	Maintains	$31 → $29	+15.86%	Dec 20, 2024
Nik Modi RBC Capital	RBC Capital	Hold Reiterates $29	Hold	Reiterates	$29	+15.86%	Dec 20, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

12.00B

Decreased by -0.44%

from 12.05B

Revenue Next Year

12.17B

Increased by 1.43%

from 12.00B

EPS This Year

2.48

Increased by 244.44%

from 0.72

EPS Next Year

2.59

Increased by 4.55%

from 2.48

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	May 31, 2020	May 30, 2021	May 29, 2022	May 28, 2023	May 26, 2024	May 26, 2025	May 26, 2026	May 26, 2027
Revenue	11.05B	11.18B	11.54B	12.28B	12.05B	12.00B	12.17B	12.21B
Revenue Growth	15.89%	1.18%	3.14%	6.42%	-1.84%	-0.44%	1.43%	0.35%
EPS	1.72	2.66	1.84	1.42	0.72	2.48	2.59	2.70
EPS Growth	12.73%	54.65%	-30.83%	-22.83%	-49.30%	244.44%	4.55%	4.12%
Forward PE	-	-	-	-	-	10.09	9.65	9.27
No. Analysts	-	-	-	-	-	20	20	13

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	12.5B	12.9B	12.9B
Avg	12.0B	12.2B	12.2B
Low	11.6B	11.6B	11.8B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	4.0%	7.4%	5.8%
Avg	-0.4%	1.4%	0.4%
Low	-4.1%	-3.4%	-3.4%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	2.59	2.80	2.92
Avg	2.48	2.59	2.70
Low	2.39	2.35	2.48

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	260.2%	13.0%	12.6%
Avg	244.4%	4.6%	4.1%
Low	232.1%	-5.2%	-4.4%

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.