McKesson Corporation (MCK)
NYSE: MCK · IEX Real-Time Price · USD
580.13
+1.70 (0.29%)
At close: Jul 19, 2024, 4:00 PM
583.66
+3.53 (0.61%)
Pre-market: Jul 22, 2024, 7:31 AM EDT
McKesson Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for McKesson stock have an average target of 599.29, with a low estimate of 485 and a high estimate of 694. The average target predicts an increase of 3.30% from the current stock price of 580.13.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for McKesson stock from 14 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 5 | 6 | 6 |
| Buy | 8 | 8 | 8 | 8 | 6 | 6 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 13 | 13 | 15 | 14 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $620 → $670 | Strong Buy | Maintains | $620 → $670 | +15.49% | Jul 19, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy Maintains $600 → $660 | Buy | Maintains | $600 → $660 | +13.77% | Jul 9, 2024 |
| Baird | Baird | Buy Maintains $679 → $694 | Buy | Maintains | $679 → $694 | +19.63% | Jul 9, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $590 → $670 | Strong Buy | Maintains | $590 → $670 | +15.49% | Jun 25, 2024 |
| Argus Research | Argus Research | Strong Buy Maintains $570 → $670 | Strong Buy | Maintains | $570 → $670 | +15.49% | Jun 24, 2024 |
Financial Forecast
Revenue This Year
362.97B
from 308.95B
Increased by 17.49%
Revenue Next Year
393.14B
from 362.97B
Increased by 8.31%
EPS This Year
32.04
from 22.39
Increased by 43.12%
EPS Next Year
36.18
from 32.04
Increased by 12.92%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 382.2B | 428.4B | 457.3B | 488.3B | 515.2B |
| Avg | 363.0B | 393.1B | 420.5B | 452.8B | 495.5B |
| Low | 327.0B | 349.9B | 374.8B | 412.3B | 480.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 23.7% | 18.0% | 16.3% | 16.1% | 13.8% |
| Avg | 17.5% | 8.3% | 7.0% | 7.7% | 9.4% |
| Low | 5.8% | -3.6% | -4.7% | -2.0% | 6.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 33.62 | 38.55 | 44.01 | 49.86 | 57.73 |
| Avg | 32.04 | 36.18 | 41.11 | 46.86 | 55.53 |
| Low | 30.21 | 33.93 | 37.56 | 44.39 | 53.88 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 50.2% | 20.3% | 21.6% | 21.3% | 23.2% |
| Avg | 43.1% | 12.9% | 13.6% | 14.0% | 18.5% |
| Low | 34.9% | 5.9% | 3.8% | 8.0% | 15.0% |
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.