Darden Restaurants, Inc. (DRI)

Darden Restaurants Stock Forecast

Stock Price Forecast

The 24 analysts with 12-month price forecasts for Darden Restaurants stock have an average target of 171.79, with a low estimate of 124 and a high estimate of 192. The average target predicts an increase of 20.25% from the current stock price of 142.86.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$124	$171.79	$175	$192
Change	-13.20%	+20.25%	+22.50%	+34.40%

Analyst Ratings

The average analyst rating for DRI stock from 24 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	4	6	7	8	9	9
Buy	11	10	9	9	10	10
Hold	5	3	4	4	4	4
Sell	0	0	0	0	0	1
Strong Sell	0	0	0	0	0	0
Total	20	19	20	21	23	24

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andy Barish Jefferies	Jefferies	Hold → Sell Downgrades $154 → $124	Hold → Sell	Downgrades	$154 → $124	-13.20%	Jul 11, 2024
John Staszak Argus Research	Argus Research	Strong Buy Maintains $186 → $175	Strong Buy	Maintains	$186 → $175	+22.50%	Jun 25, 2024
Brian Harbour Morgan Stanley	Morgan Stanley	Buy Maintains $175	Buy	Maintains	$175	+22.50%	Jun 21, 2024
Brian Vaccaro Raymond James	Raymond James	Buy Maintains $167 → $170	Buy	Maintains	$167 → $170	+19.00%	Jun 21, 2024
Jon Tower Citigroup	Citigroup	Strong Buy Maintains $191 → $192	Strong Buy	Maintains	$191 → $192	+34.40%	Jun 21, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

12.07B

Increased by 5.94%

from 11.39B

Revenue Next Year

12.75B

Increased by 5.65%

from 12.07B

EPS This Year

9.66

Increased by 13.47%

from 8.51

EPS Next Year

10.65

Increased by 10.34%

from 9.66

Year	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029
Revenue	7.81B	7.20B	9.63B	10.49B	11.39B	12.07B	12.75B	13.21B	13.94B	14.42B
Revenue Growth	-8.27%	-7.82%	33.82%	8.91%	8.60%	5.94%	5.65%	3.62%	5.56%	3.41%
EPS	-0.43	4.77	7.39	7.99	8.51	9.66	10.65	11.84	13.61	13.59
EPS Growth	-	-	54.93%	8.12%	6.51%	13.47%	10.34%	11.14%	14.97%	-0.15%
Forward PE	-	-	-	-	-	14.79	13.41	12.06	10.49	10.51
No. Analysts	-	-	-	-	-	31	19	5	3	2

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	12.7B	13.5B	14.1B	14.9B	15.0B
Avg	12.1B	12.7B	13.2B	13.9B	14.4B
Low	11.5B	12.1B	12.6B	13.2B	14.0B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	11.2%	12.0%	10.5%	12.6%	7.5%
Avg	5.9%	5.7%	3.6%	5.6%	3.4%
Low	1.2%	0.0%	-1.0%	-0.2%	0.3%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	10.78	11.93	13.52	15.24	14.13
Avg	9.66	10.65	11.84	13.61	13.59
Low	9.11	9.95	10.91	12.20	13.19

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	26.7%	23.5%	26.9%	28.7%	3.8%
Avg	13.5%	10.3%	11.1%	15.0%	-0.1%
Low	7.1%	3.0%	2.4%	3.0%	-3.1%

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.