Darden Restaurants, Inc. (DRI)

Darden Restaurants Stock Forecast

Stock Price Forecast

The 20 analysts with 12-month price forecasts for Darden Restaurants stock have an average target of 178.65, with a low estimate of 159 and a high estimate of 198. The average target predicts an increase of 17.15% from the current stock price of 152.50.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$159	$178.65	$180	$198
Change	+4.26%	+17.15%	+18.03%	+29.84%

Analyst Ratings

The average analyst rating for DRI stock from 20 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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	4	4	4	4	6	7
Buy	11	11	11	11	10	9
Hold	5	5	5	5	3	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	20	20	20	20	19	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andrew Charles TD Cowen	TD Cowen	Strong Buy Reiterates $190	Strong Buy	Reiterates	$190	+24.59%	Apr 12, 2024
Jim Salera Stephens & Co.	Stephens & Co.	Hold Initiates $170	Hold	Initiates	$170	+11.48%	Apr 12, 2024
Andrew Charles TD Cowen	TD Cowen	Strong Buy Reiterates $190	Strong Buy	Reiterates	$190	+24.59%	Apr 11, 2024
Andrew Charles TD Cowen	TD Cowen	Strong Buy Reiterates $190	Strong Buy	Reiterates	$190	+24.59%	Apr 10, 2024
Jake Bartlett Truist Securities	Truist Securities	Strong Buy Maintains $190 → $185	Strong Buy	Maintains	$190 → $185	+21.31%	Mar 27, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

11.53B

Increased by 9.91%

from 10.49B

Revenue Next Year

12.09B

Increased by 4.84%

from 11.53B

EPS This Year

8.94

Increased by 11.86%

from 7.99

EPS Next Year

9.72

Increased by 8.78%

from 8.94

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	8.51B	7.81B	7.20B	9.63B	10.49B	11.53B	12.09B	12.77B	13.40B	13.93B
Revenue Growth	5.33%	-8.27%	-7.82%	33.82%	8.91%	9.91%	4.84%	5.66%	4.95%	3.96%
EPS	5.69	-0.43	4.77	7.39	7.99	8.94	9.72	10.73	11.34	11.80
EPS Growth	20.30%	-	-	54.93%	8.12%	11.86%	8.78%	10.35%	5.71%	4.02%
No. Analysts	-	-	-	-	-	30	30	19	4	2

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	12.0B	12.7B	13.6B	14.1B	14.5B
Avg	11.5B	12.1B	12.8B	13.4B	13.9B
Low	11.1B	11.5B	12.1B	12.9B	13.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	14.7%	10.0%	12.5%	10.2%	8.1%
Avg	9.9%	4.8%	5.7%	4.9%	4.0%
Low	6.0%	0.0%	-0.1%	0.8%	0.9%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	9.36	10.78	11.93	12.15	12.26
Avg	8.94	9.72	10.73	11.34	11.80
Low	8.63	9.11	10.02	10.54	11.45

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	17.1%	20.7%	22.7%	13.2%	8.1%
Avg	11.9%	8.8%	10.4%	5.7%	4.0%
Low	8.1%	2.0%	3.0%	-1.8%	0.9%

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.