Conagra Brands (CAG) Stock Forecast, Price Target & Predictions
CAG Stock Forecast
Conagra Brands stock forecast is as follows: an average price target of $35.53 (represents a 10.86% upside from CAG’s last price of $32.05) and a rating consensus of 'Hold', based on 17 wall street analysts offering a 1-year stock forecast.
CAG Price Target
The average price target for Conagra Brands (CAG) is $35.53 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $29.00. This represents a potential 10.86% upside from CAG's last price of $32.05.
CAG Analyst Ratings
According to 17 Wall Street analysts, Conagra Brands's rating consensus is 'Hold'. The analyst rating breakdown for CAG stock is 0 'Strong Buy' (0.00%), 7 'Buy' (41.18%), 10 'Hold' (58.82%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Conagra Brands Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 12, 2024 | Leah Jordan | Goldman Sachs | $36.00 | $29.82 | 20.74% | 12.32% |
| Jul 12, 2024 | Matthew Smith | Stifel Nicolaus | $30.00 | $28.38 | 5.71% | -6.40% |
| Apr 08, 2024 | Andrew Lazar | Barclays | $34.00 | $31.09 | 9.36% | 6.08% |
| Apr 05, 2024 | Chris Carey | Wells Fargo | $32.00 | $30.64 | 4.44% | -0.16% |
| Apr 05, 2024 | Matthew Smith | Stifel Nicolaus | $32.00 | $30.64 | 4.44% | -0.16% |
| Apr 05, 2024 | Thomas Palmer | Coker Palmer | $32.00 | $30.64 | 4.44% | -0.16% |
| Apr 05, 2024 | Pamela Kaufman | Morgan Stanley | $32.00 | $30.64 | 4.44% | -0.16% |
| Apr 04, 2024 | Arun Sundaram | CFRA | $34.00 | $30.64 | 10.97% | 6.08% |
| Apr 04, 2024 | Pamela Kaufman | Morgan Stanley | $29.00 | $29.06 | -0.21% | -9.52% |
| Apr 04, 2024 | David Palmer | Evercore ISI | $32.00 | $29.06 | 10.12% | -0.16% |
The latest Conagra Brands stock forecast, released on Aug 12, 2024 by Leah Jordan from Goldman Sachs, set a price target of $36.00, which represents a 20.74% increase from the stock price at the time of the forecast ($29.82), and a 12.32% increase from CAG last price ($32.05).
Conagra Brands Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 11 |
| Avg Price Target | - | $33.00 | $32.00 |
| Last Closing Price | $32.05 | $32.05 | $32.05 |
| Upside/Downside | -100.00% | 2.96% | -0.16% |
In the current month, the average price target of Conagra Brands stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Conagra Brands's last price of $32.05. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 12, 2024 | Goldman Sachs | - | Buy | Initialise |
| Aug 08, 2024 | Evercore ISI | Neutral | Neutral | Hold |
| Aug 08, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Jul 12, 2024 | Evercore ISI | Neutral | Neutral | Hold |
| Jun 28, 2024 | Citigroup | Neutral | Neutral | Hold |
| Jun 25, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Apr 08, 2024 | Barclays | Overweight | Overweight | Hold |
| Apr 05, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Apr 05, 2024 | Wells Fargo | Negative | Negative | Hold |
| Apr 05, 2024 | Citigroup | Neutral | Neutral | Hold |
Conagra Brands's last stock rating was published by Goldman Sachs on Aug 12, 2024. The company Initialise its CAG rating from "null" to "Buy".
Conagra Brands Financial Forecast
Conagra Brands Revenue Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.21B | $2.90B | $2.97B | $3.09B | $3.31B | $2.90B | $2.91B | $2.91B | $3.06B | $2.65B | $2.74B | $2.77B | $3.00B | $2.68B | $3.29B | $2.56B |
| Avg Forecast | $3.01B | $3.12B | $3.27B | $2.91B | $2.98B | $3.06B | $3.21B | $2.87B | $2.92B | $3.03B | $3.17B | $2.84B | $2.93B | $3.01B | $3.23B | $2.95B | $3.00B | $3.08B | $3.28B | $3.29B | $2.93B | $2.85B | $3.02B | $2.54B | $2.71B | $2.72B | $2.99B | $2.61B | $3.15B | $2.58B |
| High Forecast | $3.01B | $3.12B | $3.27B | $2.91B | $2.98B | $3.06B | $3.21B | $2.87B | $2.92B | $3.03B | $3.17B | $2.85B | $2.93B | $3.01B | $3.30B | $2.95B | $3.00B | $3.08B | $3.28B | $3.94B | $3.52B | $2.88B | $3.05B | $2.57B | $2.74B | $2.74B | $3.02B | $2.63B | $3.19B | $2.61B |
| Low Forecast | $3.01B | $3.12B | $3.27B | $2.91B | $2.98B | $3.06B | $3.21B | $2.87B | $2.92B | $3.03B | $3.17B | $2.83B | $2.93B | $3.01B | $3.19B | $2.95B | $3.00B | $3.08B | $3.28B | $2.63B | $2.34B | $2.82B | $2.98B | $2.51B | $2.68B | $2.69B | $2.96B | $2.58B | $3.12B | $2.56B |
| # Analysts | 5 | 4 | 4 | 7 | 4 | 4 | 3 | 5 | 3 | 3 | 8 | 9 | 4 | 4 | 8 | 4 | 5 | 7 | 6 | 14 | 12 | 3 | 5 | 4 | 16 | 9 | 9 | 9 | 10 | 14 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.98% | 0.99% | 1.00% | 1.01% | 0.88% | 0.99% | 1.02% | 1.01% | 1.04% | 1.01% | 1.02% | 1.00% | 1.03% | 1.04% | 0.99% |
Conagra Brands's average Quarter revenue forecast for Feb 24 based on 4 analysts is $3.01B, with a low forecast of $3.01B, and a high forecast of $3.01B. CAG's average Quarter revenue forecast represents a -6.18% decrease compared to the company's last Quarter revenue of $3.21B (Nov 23).
Conagra Brands EBITDA Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 4 | 7 | 4 | 4 | 3 | 5 | 3 | 3 | 8 | 9 | 4 | 4 | 8 | 4 | 5 | 7 | 6 | 14 | 12 | 3 | 5 | 4 | 16 | 9 | 9 | 9 | 10 | 14 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $334.80M | $382.70M | $155.90M | $587.50M | $555.70M | $78.70M | $233.10M | $467.90M | $551.90M | $496.10M | $431.10M | $580.60M | $665.50M | $625.40M | $483.70M | $491.40M |
| Avg Forecast | $503.06M | $520.07M | $545.87M | $485.80M | $497.73M | $511.44M | $534.95M | $478.37M | $487.63M | $505.79M | $529.36M | $474.04M | $489.25M | $623.75M | $539.78M | $492.52M | $500.16M | $567.05M | $546.87M | $534.57M | $366.78M | $515.50M | $584.36M | $485.98M | $422.97M | $570.59M | $602.55M | $482.76M | $417.74M | $259.16M |
| High Forecast | $503.06M | $520.07M | $545.87M | $485.80M | $497.73M | $511.44M | $534.95M | $478.37M | $487.63M | $505.79M | $529.36M | $475.71M | $489.25M | $748.51M | $551.44M | $492.52M | $500.16M | $680.46M | $546.87M | $641.49M | $440.13M | $618.60M | $701.24M | $583.17M | $507.56M | $684.71M | $723.06M | $579.32M | $501.29M | $311.00M |
| Low Forecast | $503.06M | $520.07M | $545.87M | $485.80M | $497.73M | $511.44M | $534.95M | $478.37M | $487.63M | $505.79M | $529.36M | $472.37M | $489.25M | $499.00M | $533.12M | $492.52M | $500.16M | $453.64M | $546.87M | $427.66M | $293.42M | $412.40M | $467.49M | $388.78M | $338.37M | $456.47M | $482.04M | $386.21M | $334.19M | $207.33M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.62% | 0.78% | 0.31% | 1.04% | 1.02% | 0.15% | 0.64% | 0.91% | 0.94% | 1.02% | 1.02% | 1.02% | 1.10% | 1.30% | 1.16% | 1.90% |
4 analysts predict CAG's average Quarter EBITDA for Feb 24 to be $623.75M, with a high of $748.51M and a low of $499.00M. This is 86.31% upper than Conagra Brands's previous annual EBITDA (Nov 23) of $334.80M.
Conagra Brands Net Income Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 4 | 7 | 4 | 4 | 3 | 5 | 3 | 3 | 8 | 9 | 4 | 4 | 8 | 4 | 5 | 7 | 6 | 14 | 12 | 3 | 5 | 4 | 16 | 9 | 9 | 9 | 10 | 14 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $231.90M | $284.40M | $-26.70M | $341.70M | $381.90M | $-126.70M | $110.20M | $170.80M | $246.40M | $235.40M | $309.50M | $281.40M | $378.90M | $329.00M | $201.40M | $204.40M |
| Avg Forecast | $303.32M | $342.44M | $367.51M | $317.66M | $306.55M | $339.89M | $348.28M | $292.61M | $295.44M | $334.71M | $337.71M | $283.93M | $274.31M | $264.26M | $325.06M | $285.23M | $284.91M | $240.24M | $317.29M | $253.66M | $156.42M | $218.40M | $291.71M | $230.60M | $303.66M | $276.55M | $343.06M | $253.96M | $173.94M | $212.74M |
| High Forecast | $303.32M | $342.44M | $367.51M | $317.66M | $306.55M | $339.89M | $348.28M | $292.61M | $295.44M | $334.71M | $337.71M | $298.37M | $274.31M | $317.12M | $334.76M | $285.23M | $284.91M | $288.29M | $317.29M | $304.39M | $187.70M | $262.08M | $350.05M | $276.72M | $364.39M | $331.86M | $411.67M | $304.76M | $208.72M | $255.29M |
| Low Forecast | $303.32M | $342.44M | $367.51M | $317.66M | $306.55M | $339.89M | $348.28M | $292.61M | $295.44M | $334.71M | $337.71M | $264.69M | $274.31M | $211.41M | $320.21M | $285.23M | $284.91M | $192.19M | $317.29M | $202.92M | $125.13M | $174.72M | $233.36M | $184.48M | $242.93M | $221.24M | $274.45M | $203.17M | $139.15M | $170.19M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.71% | 1.00% | -0.09% | 1.42% | 1.20% | -0.50% | 0.70% | 0.78% | 0.84% | 1.02% | 1.02% | 1.02% | 1.10% | 1.30% | 1.16% | 0.96% |
Conagra Brands's average Quarter net income forecast for Feb 24 is $264.26M, with a range of $211.41M to $317.12M. CAG's average Quarter net income forecast represents a 13.96% increase compared to the company's last Quarter net income of $231.90M (Nov 23).
Conagra Brands SG&A Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 4 | 7 | 4 | 4 | 3 | 5 | 3 | 3 | 8 | 9 | 4 | 4 | 8 | 4 | 5 | 7 | 6 | 14 | 12 | 3 | 5 | 4 | 16 | 9 | 9 | 9 | 10 | 14 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $398.10M | $334.10M | $726.40M | $348.80M | $372.70M | $741.60M | $499.30M | $338.00M | $345.40M | $310.10M | $435.30M | $309.70M | $357.70M | $300.30M | $532.00M | $319.90M |
| Avg Forecast | $417.24M | $431.35M | $452.76M | $402.93M | $412.83M | $424.19M | $443.70M | $396.77M | $404.45M | $419.51M | $439.06M | $393.18M | $405.79M | $408.98M | $447.70M | $408.51M | $414.84M | $371.80M | $453.58M | $334.15M | $491.50M | $338.00M | $365.72M | $303.77M | $427.09M | $304.36M | $323.86M | $231.81M | $459.45M | $332.96M |
| High Forecast | $417.24M | $431.35M | $452.76M | $402.93M | $412.83M | $424.19M | $443.70M | $396.77M | $404.45M | $419.51M | $439.06M | $394.56M | $405.79M | $490.78M | $457.38M | $408.51M | $414.84M | $446.16M | $453.58M | $400.98M | $589.80M | $405.60M | $438.86M | $364.53M | $512.50M | $365.23M | $388.64M | $278.17M | $551.35M | $399.55M |
| Low Forecast | $417.24M | $431.35M | $452.76M | $402.93M | $412.83M | $424.19M | $443.70M | $396.77M | $404.45M | $419.51M | $439.06M | $391.79M | $405.79M | $327.18M | $442.18M | $408.51M | $414.84M | $297.44M | $453.58M | $267.32M | $393.20M | $270.40M | $292.57M | $243.02M | $341.67M | $243.49M | $259.09M | $185.45M | $367.56M | $266.37M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.89% | 0.82% | 1.75% | 0.94% | 0.82% | 2.22% | 1.02% | 1.00% | 0.94% | 1.02% | 1.02% | 1.02% | 1.10% | 1.30% | 1.16% | 0.96% |
Conagra Brands's average Quarter SG&A projection for Feb 24 is $408.98M, based on 4 Wall Street analysts, with a range of $327.18M to $490.78M. The forecast indicates a 2.73% rise compared to CAG last annual SG&A of $398.10M (Nov 23).
Conagra Brands EPS Forecast
| May 27 | Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 4 | 7 | 4 | 4 | 3 | 5 | 3 | 3 | 8 | 9 | 4 | 4 | 8 | 4 | 5 | 7 | 6 | 14 | 12 | 3 | 5 | 4 | 16 | 9 | 9 | 9 | 10 | 14 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.06 | $0.72 | $0.80 | $-0.26 | $0.23 | $0.36 | $0.51 | $0.49 | $0.64 | $0.58 | $0.77 | $0.67 | $0.41 | $0.42 |
| Avg Forecast | $0.63 | $0.72 | $0.77 | $0.66 | $0.64 | $0.71 | $0.73 | $0.61 | $0.62 | $0.70 | $0.71 | $0.59 | $0.57 | $0.65 | $0.68 | $0.60 | $0.60 | $0.64 | $0.66 | $1.27 | $1.15 | $0.58 | $0.68 | $0.48 | $0.52 | $0.58 | $0.74 | $0.57 | $0.66 | $0.49 |
| High Forecast | $0.63 | $0.72 | $0.77 | $0.66 | $0.64 | $0.71 | $0.73 | $0.61 | $0.62 | $0.70 | $0.71 | $0.62 | $0.57 | $0.65 | $0.70 | $0.60 | $0.60 | $0.64 | $0.66 | $1.27 | $1.15 | $0.59 | $0.69 | $0.49 | $0.53 | $0.59 | $0.75 | $0.58 | $0.67 | $0.49 |
| Low Forecast | $0.63 | $0.72 | $0.77 | $0.66 | $0.64 | $0.71 | $0.73 | $0.61 | $0.62 | $0.70 | $0.71 | $0.55 | $0.57 | $0.65 | $0.67 | $0.60 | $0.60 | $0.64 | $0.66 | $1.27 | $1.15 | $0.57 | $0.67 | $0.48 | $0.51 | $0.58 | $0.73 | $0.57 | $0.65 | $0.48 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.09% | 1.13% | 1.21% | -0.20% | 0.20% | 0.62% | 0.75% | 1.01% | 1.23% | 0.99% | 1.05% | 1.17% | 0.62% | 0.86% |
According to 5 Wall Street analysts, Conagra Brands's projected average Quarter EPS for May 23 is $0.60, with a low estimate of $0.60 and a high estimate of $0.60. This represents a -17.35% decrease compared to CAG previous annual EPS of $0.72 (Feb 23).
Conagra Brands Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HRL | Hormel Foods | $32.08 | $45.33 | 41.30% | Hold |
| KHC | Kraft Heinz Company | $35.59 | $42.31 | 18.88% | Buy |
| SJM | J. M. Smucker Company | $120.74 | $135.23 | 12.00% | Hold |
| CAG | Conagra Brands | $32.05 | $35.53 | 10.86% | Hold |
| GIS | General Mills | $73.71 | $74.32 | 0.83% | Hold |
| CPB | Campbell Soup Company | $51.09 | $48.22 | -5.62% | Hold |
| MKC | McCormick & Company | $83.76 | $77.57 | -7.39% | Buy |
| K | Kellanova | $80.68 | $74.03 | -8.24% | Hold |
CAG Forecast FAQ
Is Conagra Brands a good buy?
No, according to 17 Wall Street analysts, Conagra Brands (CAG) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 41.18% of CAG's total ratings.
What is CAG's price target?
Conagra Brands (CAG) average price target is $35.53 with a range of $29 to $45, implying a 10.86% from its last price of $32.05. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Conagra Brands stock go up soon?
According to Wall Street analysts' prediction for CAG stock, the company can go up by 10.86% (from the last price of $32.05 to the average price target of $35.53), up by 40.41% based on the highest stock price target, and down by -9.52% based on the lowest stock price target.
Can Conagra Brands stock reach $50?
CAG's average twelve months analyst stock price target of $35.53 does not support the claim that Conagra Brands can reach $50 in the near future.
What are Conagra Brands's analysts' financial forecasts?
Conagra Brands's analysts financial forecasts for the fiscal year (May 2026) are as follows: average revenue is $12.12B (high $12.12B, low $12.12B), average EBITDA is $2.02B (high $2.02B, low $2.02B), average net income is $1.29B (high $1.29B, low $1.29B), average SG&A $1.68B (high $1.68B, low $1.68B), and average EPS is $2.69 (high $2.69, low $2.69). CAG's analysts financial forecasts for the fiscal year (May 2027) are as follows: average revenue is $12.31B (high $12.31B, low $12.31B), average EBITDA is $2.05B (high $2.05B, low $2.05B), average net income is $1.33B (high $1.33B, low $1.33B), average SG&A $1.7B (high $1.7B, low $1.7B), and average EPS is $2.78 (high $2.78, low $2.78).
Did the CAG's actual financial results beat the analysts' financial forecasts?
Based on Conagra Brands's last annual report (May 2022), the company's revenue was $11.54B, beating the average analysts forecast of $11.33B by 1.81%. Apple's EBITDA was $1.79B, missing the average prediction of $1.95B by -8.39%. The company's net income was $888.2M, missing the average estimation of $897.12M by -0.99%. Apple's SG&A was $1.49B, missing the average forecast of $1.5B by -0.41%. Lastly, the company's EPS was $1.85, missing the average prediction of $2.9 by -36.10%. In terms of the last quarterly report (Nov 2023), Conagra Brands's revenue was $3.21B, missing the average analysts' forecast of $3.23B by -0.81%. The company's EBITDA was $334.8M, missing the average prediction of $539.78M by -37.97%. Conagra Brands's net income was $231.9M, missing the average estimation of $325.06M by -28.66%. The company's SG&A was $398.1M, missing the average forecast of $447.7M by -11.08%. Lastly, the company's EPS was $0, missing the average prediction of $0.679 by -100.00%