Conagra Brands Stock Forecast

Stock Price Forecast

The 8 analysts with 12-month price forecasts for Conagra Brands stock have an average target of 31.63, with a low estimate of 29 and a high estimate of 36. The average target predicts an increase of 7.77% from the current stock price of 29.35.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$29	$31.63	$31	$36
Change	-1.19%	+7.77%	+5.62%	+22.66%

Analyst Ratings

The average analyst rating for Conagra Brands stock from 8 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	0	0	0	1	1	1
Buy	1	1	1	1	1	1
Hold	11	11	10	9	8	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	12	12	11	11	10	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Chris Carey Wells Fargo	Wells Fargo	Hold Maintains $30 → $31	Hold	Maintains	$30 → $31	+5.62%	Oct 17, 2024
Bryan Spillane B of A Securities	B of A Securities	Hold Maintains $34 → $33	Hold	Maintains	$34 → $33	+12.44%	Oct 3, 2024
Nik Modi RBC Capital	RBC Capital	Hold Reiterates $29	Hold	Reiterates	$29	-1.19%	Oct 3, 2024
Bryan Spillane B of A Securities	B of A Securities	Hold Maintains $31 → $34	Hold	Maintains	$31 → $34	+15.84%	Sep 17, 2024
Leah Jordan Goldman Sachs	Goldman Sachs	Strong Buy Initiates $36	Strong Buy	Initiates	$36	+22.66%	Aug 12, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

12.08B

from 12.05B

0.25%

from 12.05B

Revenue Next Year

12.24B

from 12.08B

1.35%

from 12.08B

EPS This Year

2.64

from 0.72

266.22%

from 0.72

EPS Next Year

2.73

from 2.64

3.48%

from 2.64

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	12.08B	12.24B	12.40B
Revenue Growth	15.89%	1.18%	3.14%	6.42%	-1.84%	0.25%	1.35%	1.25%
EPS	1.72	2.66	1.84	1.42	0.72	2.64	2.73	2.85
EPS Growth	12.73%	54.65%	-30.83%	-22.83%	-49.30%	266.22%	3.48%	4.58%
Forward PE	-	-	-	-	-	11.13	10.76	10.29
No. Analysts	-	-	-	-	-	18	17	11

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

Revenue Forecast

Revenue	2025	2026	2027
High	12.7B	13.1B	13.2B
Avg	12.1B	12.2B	12.4B
Low	11.7B	11.7B	11.8B

Revenue Growth

Revenue Growth	2025	2026	2027
High	5.2%	8.1%	7.6%
Avg	0.2%	1.3%	1.2%
Low	-3.2%	-3.4%	-3.5%

EPS Forecast

EPS	2025	2026	2027
High	2.80	2.92	3.09
Avg	2.64	2.73	2.85
Low	2.51	2.55	2.65

EPS Growth

EPS Growth	2025	2026	2027
High	289.4%	10.7%	13.1%
Avg	266.2%	3.5%	4.6%
Low	248.4%	-3.4%	-3.0%

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.