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Cencora (ABC) Stock Forecast, Price Target & Predictions

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ABC Stock Forecast

Cencora stock forecast is as follows: an average price target of $171.00 (represents a -8.66% downside from ABC’s last price of $187.22) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.

ABC Price Target

The average price target for Cencora (ABC) is $171.00 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $190.00 to $150.00. This represents a potential -8.66% downside from ABC's last price of $187.22.

ABC Analyst Ratings

Buy

According to 17 Wall Street analysts, Cencora's rating consensus is 'Buy'. The analyst rating breakdown for ABC stock is 0 'Strong Buy' (0.00%), 12 'Buy' (70.59%), 4 'Hold' (23.53%), 1 'Sell' (5.88%), and 0 'Strong Sell' (0.00%).

Cencora Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
May 03, 2023Ann HynesMizuho Securities$174.00$166.874.27%-7.06%
Jan 12, 2023Argus Research$190.00$164.8315.27%1.48%
Aug 22, 2022Morgan Stanley$176.00$151.3116.32%-5.99%
Aug 04, 2022Credit Suisse$175.00$143.0522.33%-6.53%
Jul 20, 2022Argus Research$170.00$141.5520.10%-9.20%
Jul 19, 2022Elizabeth AndersonEvercore ISI$150.00$140.406.84%-19.88%
Jun 23, 2022Kevin CaliendoUBS$174.00$145.0219.98%-7.06%
Jun 10, 2022George HillDeutsche Bank$178.00$145.7522.12%-4.92%
Jun 09, 2022Cowen & Co.$170.00$145.6316.74%-9.20%
Jun 02, 2022Elizabeth AndersonEvercore ISI$165.00$150.019.99%-11.87%
May 27, 2022Morgan Stanley$175.00$156.0812.12%-6.53%
May 05, 2022Deutsche Bank$168.00$155.198.25%-10.27%
May 05, 2022Mizuho Securities$162.00$154.864.61%-13.47%
Jan 11, 2022Steven ValiquetteBarclays$152.00$136.0111.76%-18.81%
Dec 17, 2021Ricky GoldwasserMorgan Stanley$142.00$124.7713.81%-24.15%
Nov 12, 2021George HillDeutsche Bank$153.00$124.9322.47%-18.28%
Aug 11, 2021Kevin CaliendoUBS$144.00$117.9822.05%-23.09%

The latest Cencora stock forecast, released on May 03, 2023 by Ann Hynes from Mizuho Securities, set a price target of $174.00, which represents a 4.27% increase from the stock price at the time of the forecast ($166.87), and a -7.06% decrease from ABC last price ($187.22).

Cencora Price Target by Period

1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$187.22$187.22$187.22
Upside/Downside-100.00%-100.00%-100.00%

In the current month, the average price target of Cencora stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Cencora's last price of $187.22. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
May 03, 2023Raymond JamesNeutralNeutralHold
Jan 12, 2023Argus ResearchBuyBuyHold
Nov 22, 2022Credit SuisseOutperformOutperformHold
Oct 11, 2022Piper SandlerOverweightUpgrade
Oct 11, 2022BMO CapitalOutperformUpgrade
Oct 11, 2022JefferiesUnderperformDowngrade
Oct 11, 2022Goldman SachsBuyInitialise
Oct 11, 2022Atlantic EquitiesNeutralDowngrade
Oct 11, 2022WedbushNeutralInitialise
Oct 11, 2022Morgan StanleyEqual-WeightOverweightInitialise
Oct 11, 2022BarclaysOverweightUnderweightInitialise
Oct 11, 2022CitigroupNeutralInitialise
Oct 11, 2022Wolfe ResearchOutperformInitialise
Oct 11, 2022Bank of America SecuritiesBuyUpgrade
Aug 22, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Aug 04, 2022Credit SuisseOutperformOutperformHold
Jul 20, 2022Argus ResearchBuyBuyHold
Jul 11, 2022Evercore ISIOutperformOutperformDowngrade
Jun 13, 2022UBSBuyBuyHold
Jun 09, 2022Cowen & Co.OutperformOutperformHold
Jun 07, 2022Deutsche BankBuyUpgrade
Jun 01, 2022Evercore ISIOutperformOutperformHold
May 27, 2022Morgan StanleyEqual-WeightEqual-WeightHold
May 26, 2022BarclaysOverweightUpgrade

Cencora's last stock rating was published by Raymond James on May 03, 2023. The company gave ABC a "Neutral" rating, the same as its previous rate.

Cencora Financial Forecast

Cencora Revenue Forecast

Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18Dec 17Sep 17Jun 17Mar 17Dec 16
Revenue-$72.25B$68.92B$66.95B$63.46B$62.85B$61.17B$60.06B$57.72B$59.63B$58.91B$53.41B$49.15B$52.52B$49.24B$45.37B$47.42B$47.86B$45.64B$45.24B$43.32B$45.39B$43.30B$43.14B$41.03B$40.47B$39.12B$38.71B$37.15B$38.17B
Avg Forecast$62.93B$69.20B$66.05B$63.95B$60.40B$62.67B$63.41B$59.02B$52.01B$57.19B$57.64B$52.35B$49.92B$46.02B$141.47B$38.50B$44.85B$45.42B$44.79B$41.64B$40.24B$42.56B$43.00B$40.90B$38.50B$35.24B$38.83B$37.08B$35.26B$34.52B
High Forecast$75.51B$83.04B$79.26B$76.74B$72.48B$75.21B$76.09B$70.83B$62.41B$68.63B$69.17B$62.82B$59.90B$55.22B$169.76B$46.20B$53.82B$54.50B$53.74B$49.97B$48.29B$51.07B$51.60B$49.08B$46.19B$42.29B$46.59B$44.50B$42.31B$41.42B
Low Forecast$50.34B$55.36B$52.84B$51.16B$48.32B$50.14B$50.72B$47.22B$41.61B$45.75B$46.11B$41.88B$39.93B$36.82B$113.17B$30.80B$35.88B$36.33B$35.83B$33.31B$32.19B$34.04B$34.40B$32.72B$30.80B$28.20B$31.06B$29.67B$28.21B$27.62B
# Analysts122010109101893474446447437744764464
Surprise %-1.04%1.04%1.05%1.05%1.00%0.96%1.02%1.11%1.04%1.02%1.02%0.98%1.14%0.35%1.18%1.06%1.05%1.02%1.09%1.08%1.07%1.01%1.05%1.07%1.15%1.01%1.04%1.05%1.11%

Cencora's average Quarter revenue forecast for Mar 24 based on 12 analysts is $62.93B, with a low forecast of $50.34B, and a high forecast of $75.51B. ABC's average Quarter revenue forecast represents a -12.91% decrease compared to the company's last Quarter revenue of $72.25B (Dec 23).

Cencora EBITDA Forecast

Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18Dec 17Sep 17Jun 17Mar 17Dec 16
# Analysts122010109101893474446447437744764464
EBITDA-$822.88M$785.18M$941.33M$990.08M$861.35M$701.44M$845.11M$1.04B$832.93M$789.25M$754.34M$708.04M$662.88M$-6.01B$483.97M$408.17M$381.61M$306.00M$532.08M$204.32M$618.92M$328.04M$541.40M$542.12M$508.13M$-23.32M$278.27M$736.93M$507.38M
Avg Forecast$1.04B$1.00B$942.86M$800.36M$947.48M$912.66M$857.14M$727.60M$861.35M$829.69M$779.22M$698.05M$693.76M$580.88M$-5.88B$397.66M$384.80M$361.04M$300.19M$486.10M$188.69M$577.66M$325.76M$511.73M$506.38M$432.85M$-23.14M$266.09M$697.45M$453.75M
High Forecast$1.25B$1.20B$1.13B$960.43M$1.14B$1.10B$1.03B$873.12M$1.03B$995.62M$935.07M$837.65M$832.52M$697.05M$-4.70B$477.19M$461.76M$433.25M$360.22M$583.32M$226.43M$693.19M$390.91M$614.08M$607.65M$519.42M$-18.51M$319.30M$836.94M$544.50M
Low Forecast$833.78M$803.14M$754.29M$640.29M$757.98M$730.12M$685.71M$582.08M$689.08M$663.75M$623.38M$558.44M$555.01M$464.70M$-7.06B$318.12M$307.84M$288.83M$240.15M$388.88M$150.95M$462.13M$260.61M$409.39M$405.10M$346.28M$-27.77M$212.87M$557.96M$363.00M
Surprise %-0.82%0.83%1.18%1.04%0.94%0.82%1.16%1.21%1.00%1.01%1.08%1.02%1.14%1.02%1.22%1.06%1.06%1.02%1.09%1.08%1.07%1.01%1.06%1.07%1.17%1.01%1.05%1.06%1.12%

12 analysts predict ABC's average Quarter EBITDA for Mar 24 to be $1.04B, with a high of $1.25B and a low of $833.78M. This is 26.66% upper than Cencora's previous annual EBITDA (Dec 23) of $822.88M.

Cencora Net Income Forecast

Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18Dec 17Sep 17Jun 17Mar 17Dec 16
# Analysts122010109101893474446447437744764464
Net Income-$601.50M$350.56M$479.58M$435.40M$479.75M$294.74M$406.96M$548.01M$449.42M$437.70M$292.12M$435.27M$374.85M$-4.85B$289.44M$960.28M$187.64M$132.62M$301.96M$27.14M$393.65M$233.29M$275.81M$287.45M$861.85M$-344.59M$50.35M$411.47M$247.25M
Avg Forecast$597.47M$541.30M$522.88M$437.17M$543.15M$492.09M$475.35M$397.43M$493.77M$447.36M$432.13M$270.32M$426.49M$328.47M$-4.74B$237.82M$905.28M$177.53M$130.10M$275.86M$25.06M$367.41M$231.67M$260.70M$268.50M$734.17M$-341.98M$48.15M$389.43M$221.11M
High Forecast$716.96M$649.56M$627.46M$524.60M$651.78M$590.51M$570.42M$476.91M$592.53M$536.83M$518.56M$324.39M$511.79M$394.17M$-3.79B$285.38M$1.09B$213.03M$156.12M$331.04M$30.07M$440.89M$278.00M$312.84M$322.20M$881.01M$-273.58M$57.78M$467.32M$265.34M
Low Forecast$477.97M$433.04M$418.31M$349.73M$434.52M$393.67M$380.28M$317.94M$395.02M$357.89M$345.71M$216.26M$341.19M$262.78M$-5.69B$190.26M$724.23M$142.02M$104.08M$220.69M$20.05M$293.93M$185.33M$208.56M$214.80M$587.34M$-410.37M$38.52M$311.54M$176.89M
Surprise %-1.11%0.67%1.10%0.80%0.97%0.62%1.02%1.11%1.00%1.01%1.08%1.02%1.14%1.02%1.22%1.06%1.06%1.02%1.09%1.08%1.07%1.01%1.06%1.07%1.17%1.01%1.05%1.06%1.12%

Cencora's average Quarter net income forecast for Mar 24 is $597.47M, with a range of $477.97M to $716.96M. ABC's average Quarter net income forecast represents a -0.67% decrease compared to the company's last Quarter net income of $601.50M (Dec 23).

Cencora SG&A Forecast

Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18Dec 17Sep 17Jun 17Mar 17Dec 16
# Analysts122010109101893474446447437744764464
SG&A-$1.40B$1.39B$1.30B$1.32B$1.29B$1.26B$1.21B$1.20B$1.17B$1.22B$913.41M$730.08M$1.47B$720.97M$666.88M$693.41M$685.95M$721.94M$656.94M$628.04M$656.59M$657.80M$626.55M$617.43M$558.52M$560.88M$525.46M$521.84M$520.55M
Avg Forecast$1.31B$1.41B$1.45B$1.30B$1.19B$1.28B$1.32B$1.18B$1.08B$1.17B$1.20B$845.25M$715.36M$1.29B$705.38M$547.95M$653.70M$648.99M$708.24M$600.17M$579.97M$612.81M$653.24M$592.22M$576.72M$475.78M$556.63M$502.45M$493.89M$465.53M
High Forecast$1.57B$1.69B$1.74B$1.56B$1.43B$1.54B$1.58B$1.42B$1.30B$1.40B$1.44B$1.01B$858.43M$1.55B$846.45M$657.54M$784.44M$778.78M$849.88M$720.20M$695.97M$735.38M$783.88M$710.66M$692.06M$570.93M$667.95M$602.94M$592.66M$558.64M
Low Forecast$1.05B$1.13B$1.16B$1.04B$954.05M$1.03B$1.06B$946.99M$867.32M$932.45M$960.19M$676.20M$572.29M$1.03B$564.30M$438.36M$522.96M$519.19M$566.59M$480.14M$463.98M$490.25M$522.59M$473.77M$461.37M$380.62M$445.30M$401.96M$395.11M$372.42M
Surprise %-0.99%0.96%1.00%1.11%1.01%0.96%1.02%1.11%1.00%1.01%1.08%1.02%1.14%1.02%1.22%1.06%1.06%1.02%1.09%1.08%1.07%1.01%1.06%1.07%1.17%1.01%1.05%1.06%1.12%

Cencora's average Quarter SG&A projection for Mar 24 is $1.31B, based on 12 Wall Street analysts, with a range of $1.05B to $1.57B. The forecast indicates a -6.21% fall compared to ABC last annual SG&A of $1.40B (Dec 23).

Cencora EPS Forecast

Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Dec 18Sep 18Jun 18Mar 18Dec 17Sep 17Jun 17Mar 17Dec 16
# Analysts122010109101893474446447437744764464
EPS-$3.01$1.74$2.37$2.15$2.35$1.42$1.95$2.62$2.15$2.11$1.42$2.12$1.83$-23.74$1.42$4.68$0.91$0.64$1.44$0.13$1.86$1.10$1.26$1.31$3.95$-1.35$0.23$1.89$1.13
Avg Forecast$3.20$3.10$2.79$2.82$3.29$2.64$2.58$2.57$2.93$2.58$2.36$2.01$2.48$1.94$1.87$1.58$2.28$1.67$1.58$1.62$1.96$1.50$1.44$1.46$1.83$1.35$1.32$1.37$1.68$1.23
High Forecast$3.84$3.72$3.35$3.38$3.95$3.17$3.10$3.08$3.52$3.10$2.83$2.41$2.98$2.33$2.24$1.90$2.74$2.00$1.90$1.94$2.35$1.80$1.73$1.75$2.20$1.62$1.58$1.64$2.02$1.48
Low Forecast$2.55$2.49$2.23$2.26$2.63$2.11$2.06$2.06$2.34$2.06$1.89$1.61$1.98$1.55$1.50$1.26$1.82$1.34$1.26$1.30$1.57$1.20$1.15$1.17$1.46$1.08$1.06$1.10$1.34$0.98
Surprise %-0.97%0.62%0.84%0.65%0.89%0.55%0.76%0.89%0.83%0.89%0.71%0.85%0.94%-12.70%0.90%2.05%0.54%0.41%0.89%0.07%1.24%0.76%0.86%0.72%2.93%-1.02%0.17%1.13%0.92%

According to 12 Wall Street analysts, Cencora's projected average Quarter EPS for Mar 24 is $3.20, with a low estimate of $2.55 and a high estimate of $3.84. This represents a 6.31% increase compared to ABC previous annual EPS of $3.01 (Dec 23).

Cencora Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
EDAPEDAP TMS$2.46$19.00672.36%Buy
ZYXIZynex$8.40$13.1756.79%Buy
OMIOwens & Minor$13.27$15.5016.80%Buy
MCKMcKesson$562.78$632.1312.32%Buy
HSICHenry Schein$73.18$77.676.14%Buy
CAHCardinal Health$115.82$118.432.25%Buy
PDCOPatterson Companies$30.90$26.00-15.86%Buy

ABC Forecast FAQ

Is Cencora a good buy?

Yes, according to 17 Wall Street analysts, Cencora (ABC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 12 'Buy' recommendations, accounting for 70.59% of ABC's total ratings.

What is ABC's price target?

Cencora (ABC) average price target is $171 with a range of $150 to $190, implying a -8.66% from its last price of $187.22. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Cencora stock go up soon?

According to Wall Street analysts' prediction for ABC stock, the company can go down by -8.66% (from the last price of $187.22 to the average price target of $171), up by 1.48% based on the highest stock price target, and down by -19.88% based on the lowest stock price target.

Can Cencora stock reach $300?

ABC's average twelve months analyst stock price target of $171 does not support the claim that Cencora can reach $300 in the near future.

Did the ABC's actual financial results beat the analysts' financial forecasts?

Based on Cencora's last annual report (Sep 2023), the company's revenue was $262.17B, beating the average analysts forecast of $253.08B by 3.59%. Apple's EBITDA was $3.37B, missing the average prediction of $3.6B by -6.58%. The company's net income was $1.75B, missing the average estimation of $2B by -12.53%. Apple's SG&A was $5.31B, beating the average forecast of $5.23B by 1.55%. Lastly, the company's EPS was $8.62, missing the average prediction of $11.54 by -25.30%. In terms of the last quarterly report (Dec 2023), Cencora's revenue was $72.25B, beating the average analysts' forecast of $69.2B by 4.41%. The company's EBITDA was $822.88M, missing the average prediction of $1B by -18.03%. Cencora's net income was $601.5M, beating the average estimation of $541.3M by 11.12%. The company's SG&A was $1.4B, missing the average forecast of $1.41B by -0.82%. Lastly, the company's EPS was $3.01, missing the average prediction of $3.1 by -2.90%