Cencora (ABC) Stock Forecast, Price Target & Predictions
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
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 03, 2023 | Ann Hynes | Mizuho Securities | $174.00 | $166.87 | 4.27% | -7.06% |
| Jan 12, 2023 | - | Argus Research | $190.00 | $164.83 | 15.27% | 1.48% |
| Aug 22, 2022 | - | Morgan Stanley | $176.00 | $151.31 | 16.32% | -5.99% |
| Aug 04, 2022 | - | Credit Suisse | $175.00 | $143.05 | 22.33% | -6.53% |
| Jul 20, 2022 | - | Argus Research | $170.00 | $141.55 | 20.10% | -9.20% |
| Jul 19, 2022 | Elizabeth Anderson | Evercore ISI | $150.00 | $140.40 | 6.84% | -19.88% |
| Jun 23, 2022 | Kevin Caliendo | UBS | $174.00 | $145.02 | 19.98% | -7.06% |
| Jun 10, 2022 | George Hill | Deutsche Bank | $178.00 | $145.75 | 22.12% | -4.92% |
| Jun 09, 2022 | - | Cowen & Co. | $170.00 | $145.63 | 16.74% | -9.20% |
| Jun 02, 2022 | Elizabeth Anderson | Evercore ISI | $165.00 | $150.01 | 9.99% | -11.87% |
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
| 1M | 3M | 12M | |
|---|---|---|---|
| # 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
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 03, 2023 | Raymond James | Neutral | Neutral | Hold |
| Jan 12, 2023 | Argus Research | Buy | Buy | Hold |
| Nov 22, 2022 | Credit Suisse | Outperform | Outperform | Hold |
| Oct 11, 2022 | Piper Sandler | - | Overweight | Upgrade |
| Oct 11, 2022 | BMO Capital | - | Outperform | Upgrade |
| Oct 11, 2022 | Jefferies | - | Underperform | Downgrade |
| Oct 11, 2022 | Goldman Sachs | - | Buy | Initialise |
| Oct 11, 2022 | Atlantic Equities | - | Neutral | Downgrade |
| Oct 11, 2022 | Wedbush | - | Neutral | Initialise |
| Oct 11, 2022 | Morgan Stanley | Equal-Weight | Overweight | Initialise |
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 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | Mar 17 | Dec 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 |
| # Analysts | 12 | 20 | 10 | 10 | 9 | 10 | 18 | 9 | 3 | 4 | 7 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 | 3 | 7 | 7 | 4 | 4 | 7 | 6 | 4 | 4 | 6 | 4 |
| 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 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | Mar 17 | Dec 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 20 | 10 | 10 | 9 | 10 | 18 | 9 | 3 | 4 | 7 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 | 3 | 7 | 7 | 4 | 4 | 7 | 6 | 4 | 4 | 6 | 4 |
| 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 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | Mar 17 | Dec 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 20 | 10 | 10 | 9 | 10 | 18 | 9 | 3 | 4 | 7 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 | 3 | 7 | 7 | 4 | 4 | 7 | 6 | 4 | 4 | 6 | 4 |
| 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 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | Mar 17 | Dec 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 20 | 10 | 10 | 9 | 10 | 18 | 9 | 3 | 4 | 7 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 | 3 | 7 | 7 | 4 | 4 | 7 | 6 | 4 | 4 | 6 | 4 |
| 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 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | Jun 18 | Mar 18 | Dec 17 | Sep 17 | Jun 17 | Mar 17 | Dec 16 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 20 | 10 | 10 | 9 | 10 | 18 | 9 | 3 | 4 | 7 | 4 | 4 | 4 | 6 | 4 | 4 | 7 | 4 | 3 | 7 | 7 | 4 | 4 | 7 | 6 | 4 | 4 | 6 | 4 |
| 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| EDAP | EDAP TMS | $2.63 | $19.00 | 622.43% | Buy |
| OMI | Owens & Minor | $12.28 | $30.50 | 148.37% | Buy |
| ZYXI | Zynex | $8.13 | $14.38 | 76.88% | Buy |
| PDCO | Patterson Companies | $20.00 | $28.83 | 44.15% | Buy |
| HSIC | Henry Schein | $67.74 | $77.00 | 13.67% | Buy |
| ABC | Cencora | $179.98 | $171.00 | -4.99% | Buy |
| MCK | McKesson | $624.60 | $522.64 | -16.32% | Buy |
| CAH | Cardinal Health | $125.33 | $100.64 | -19.70% | Buy |