Conagra Brands, Inc. (CAG)

Conagra Brands Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Conagra Brands stock have an average target of 32.58, with a low estimate of 28 and a high estimate of 37. The average target predicts an increase of 7.31% from the current stock price of 30.36.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$28	$32.58	$32	$37
Change	-7.77%	+7.31%	+5.40%	+21.87%

Analyst Ratings

The average analyst rating for Conagra Brands stock from 12 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	1	1	1	1	1	0
Buy	3	1	1	1	1	1
Hold	9	10	10	11	11	11
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	13	12	12	13	13	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Lazar Barclays	Barclays	Buy Maintains $31 → $34	Buy	Maintains	$31 → $34	+11.99%	Apr 8, 2024
Matthew Smith Stifel	Stifel	Hold Maintains $29 → $32	Hold	Maintains	$29 → $32	+5.40%	Apr 5, 2024
Chris Carey Wells Fargo	Wells Fargo	Hold Maintains $30 → $32	Hold	Maintains	$30 → $32	+5.40%	Apr 5, 2024
Thomas Palmer Citigroup	Citigroup	Hold Maintains $30 → $32	Hold	Maintains	$30 → $32	+5.40%	Apr 5, 2024
Thomas Palmer Citigroup	Citigroup	Hold Initiates $30	Hold	Initiates	$30	-1.19%	Feb 1, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

12.19B

Decreased by -0.68%

from 12.28B

Revenue Next Year

12.33B

Increased by 1.09%

from 12.19B

EPS This Year

2.65

Increased by 86.32%

from 1.42

EPS Next Year

2.73

Increased by 3.22%

from 2.65

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	9.54B	11.05B	11.18B	11.54B	12.28B	12.19B	12.33B	12.55B	13.22B	13.46B
Revenue Growth	20.16%	15.89%	1.18%	3.14%	6.42%	-0.68%	1.09%	1.80%	5.33%	1.80%
EPS	1.52	1.72	2.66	1.84	1.42	2.65	2.73	2.86	3.02	3.13
EPS Growth	-23.23%	13.16%	54.65%	-30.83%	-22.83%	86.32%	3.22%	4.80%	5.42%	3.71%
No. Analysts	-	-	-	-	-	18	18	14	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	12.7B	13.0B	13.3B	14.0B	14.3B
Avg	12.2B	12.3B	12.5B	13.2B	13.5B
Low	11.8B	11.8B	12.0B	12.6B	12.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	3.7%	6.5%	8.1%	11.2%	8.1%
Avg	-0.7%	1.1%	1.8%	5.3%	1.8%
Low	-4.2%	-3.1%	-3.0%	0.6%	-3.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	2.80	2.94	3.11	3.16	3.27
Avg	2.65	2.73	2.86	3.02	3.13
Low	2.48	2.51	2.58	2.90	3.02

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	97.4%	11.1%	13.8%	10.6%	8.4%
Avg	86.3%	3.2%	4.8%	5.4%	3.7%
Low	74.6%	-5.2%	-5.6%	1.4%	0.1%

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.