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Conagra Brands (CAG) Stock Forecast, Price Target & Predictions

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CAG Stock Forecast

Conagra Brands stock forecast is as follows: an average price target of $33.00 (represents a 27.41% upside from CAG’s last price of $25.90) 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 $33.00 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $36.00 to $30.00. This represents a potential 27.41% upside from CAG's last price of $25.90.

CAG Analyst Ratings

Hold

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 24, 2024Rob DickersonJefferies$30.00$32.31-7.15%15.83%
Sep 24, 2024Thomas PalmerCoker Palmer$33.00$32.312.14%27.41%
Aug 12, 2024Leah JordanGoldman Sachs$36.00$29.8220.74%39.00%
Jul 12, 2024Matthew SmithStifel Nicolaus$30.00$28.385.71%15.83%
Apr 08, 2024Andrew LazarBarclays$34.00$31.099.36%31.27%
Apr 05, 2024Chris CareyWells Fargo$32.00$30.644.44%23.55%
Apr 05, 2024Matthew SmithStifel Nicolaus$32.00$30.644.44%23.55%
Apr 05, 2024Thomas PalmerCoker Palmer$32.00$30.644.44%23.55%
Apr 05, 2024Pamela KaufmanMorgan Stanley$32.00$30.644.44%23.55%
Apr 04, 2024Arun SundaramCFRA$34.00$30.6410.97%31.27%
Apr 04, 2024David PalmerEvercore ISI$32.00$29.0610.12%23.55%
Apr 04, 2024Pamela KaufmanMorgan Stanley$29.00$29.06-0.21%11.97%
Apr 01, 2024Nik ModiRBC Capital$29.00$29.57-1.94%11.97%
May 19, 2023Matthew SmithStifel Nicolaus$43.00$35.9719.56%66.02%
Mar 20, 2023Steve PowersDeutsche Bank$35.00$35.52-1.46%35.14%
Jan 06, 2023Conagra BrandsRBC Capital$38.00$40.59-6.37%46.72%
Jan 06, 2023J.P. Morgan$43.00$41.004.88%66.02%
Jan 06, 2023Morgan Stanley$48.00$40.5018.52%85.33%
Jan 06, 2023UBS$45.00$40.6610.67%73.75%
Jan 06, 2023Credit Suisse$40.00$39.970.08%54.44%
Dec 29, 2022Evercore ISI$42.00$38.778.33%62.16%
Dec 20, 2022Pamela KaufmanMorgan Stanley$45.00$38.4916.91%73.75%
Dec 06, 2022Steve PowersDeutsche Bank$34.00$38.25-11.11%31.27%
Nov 18, 2022Cody RossUBS$41.00$35.8114.49%58.30%
Nov 15, 2022BNP Paribas$42.00$33.9123.86%62.16%
Jul 15, 2022Robert MoskowCredit Suisse$35.00$33.833.46%35.14%
Jul 15, 2022Steve PowersDeutsche Bank$32.00$33.83-5.41%23.55%
Jul 15, 2022Pamela KaufmanMorgan Stanley$34.00$33.830.50%31.27%
Jan 14, 2022Pamela KaufmanMorgan Stanley$36.00$35.112.53%39.00%
Jul 14, 2021Andrew LazarBarclays$39.00$32.9618.33%50.58%
Jul 14, 2021Christopher GroweStifel Nicolaus$35.00$32.966.19%35.14%
Jul 14, 2021Wendy NicholsonCitigroup$37.00$32.9612.26%42.86%

The latest Conagra Brands stock forecast, released on Sep 24, 2024 by Rob Dickerson from Jefferies, set a price target of $30.00, which represents a -7.15% decrease from the stock price at the time of the forecast ($32.31), and a 15.83% increase from CAG last price ($25.90).

Conagra Brands Price Target by Period

1M3M12M
# Anlaysts--13
Avg Price Target--$31.92
Last Closing Price$25.90$25.90$25.90
Upside/Downside-100.00%-100.00%23.24%

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 $25.90. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 17, 2024Wells FargoEqual-WeightEqual-WeightHold
Oct 16, 2024Evercore ISINeutralNeutralHold
Oct 03, 2024Cowen & Co.HoldHoldHold
Oct 03, 2024Cowen & Co.BuyBuyHold
Sep 24, 2024JefferiesHoldHoldHold
Sep 24, 2024CitigroupNeutralNeutralHold
Aug 12, 2024Goldman SachsBuyInitialise
Aug 08, 2024Wells FargoEqual-WeightEqual-WeightHold
Aug 08, 2024Evercore ISINeutralNeutralHold
Jul 12, 2024Evercore ISINeutralNeutralHold
Jun 28, 2024CitigroupNeutralNeutralHold
Jun 25, 2024Wells FargoEqual-WeightEqual-WeightHold
Apr 08, 2024BarclaysOverweightOverweightHold
Apr 05, 2024Cowen & Co.HoldHoldHold
Apr 05, 2024Wells FargoNegativeNegativeHold
Apr 05, 2024CitigroupNeutralNeutralHold
Apr 05, 2024Morgan StanleyOutperformOutperformHold
Apr 04, 2024CFRAHoldHoldHold
Apr 04, 2024JefferiesHoldHoldHold
Apr 04, 2024Evercore ISIOutperformNeutralDowngrade
Apr 04, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Apr 01, 2024RBC CapitalSector PerformSector PerformHold
Feb 27, 2024Morgan StanleyOverweightOverweightHold
Dec 22, 2023Cowen & Co.UnderperformUnderperformHold
Dec 07, 2023BarclaysOverweightOverweightHold
Oct 06, 2023JefferiesHoldHoldHold
Oct 06, 2023RBC CapitalSector PerformSector PerformHold
Aug 07, 2023Deutsche BankHoldHoldHold
Aug 01, 2023William BlairOutperformOutperformHold
Jul 12, 2023RBC CapitalSector PerformSector PerformHold
May 19, 2023BMO CapitalMarket PerformMarket PerformHold
Mar 31, 2023UBSBuyBuyHold
Jan 06, 2023Morgan StanleyOverweightOverweightHold
Jan 06, 2023UBSBuyBuyHold
Jan 06, 2023Credit SuisseNeutralNeutralHold
Jan 06, 2023RBC CapitalSector PerformSector PerformHold
Dec 29, 2022Evercore ISIOutperformOutperformHold
Dec 20, 2022Canaccord GenuityBuyUpgrade
Dec 20, 2022Morgan StanleyEqual-WeightOverweightUpgrade
Dec 06, 2022Deutsche BankHoldSellDowngrade
Nov 15, 2022Exane BNP ParibasOutperformInitialise
Jul 15, 2022Credit SuisseNeutralNeutralHold
Jul 15, 2022Deutsche BankHoldHoldHold
Jul 15, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Apr 29, 2022JefferiesBuyBuyHold
Jan 14, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Apr 15, 2021RBC CapitalSector PerformSector PerformHold

Conagra Brands's last stock rating was published by Wells Fargo on Oct 17, 2024. The company gave CAG a "Equal-Weight" rating, the same as its previous rate.

Conagra Brands Financial Forecast

Conagra Brands Revenue Forecast

May 27Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 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$2.97B$3.06B$3.26B$2.84B$3.01B$3.03B$3.22B$2.82B$2.91B$2.99B$3.15B$2.84B$2.93B$3.01B$3.23B$2.95B$3.00B$3.08B$3.11B$2.85B$2.93B$2.85B$3.02B$2.54B$2.71B$2.72B$2.99B$2.61B$3.15B$2.58B
High Forecast$2.99B$3.07B$3.28B$2.86B$3.03B$3.05B$3.24B$2.84B$2.93B$3.01B$3.17B$2.84B$2.93B$3.01B$3.30B$2.97B$3.02B$3.10B$3.73B$2.87B$2.95B$2.86B$3.04B$2.56B$2.73B$2.73B$3.01B$2.62B$3.17B$2.60B
Low Forecast$2.95B$3.04B$3.24B$2.83B$2.99B$3.01B$3.20B$2.80B$2.89B$2.97B$3.14B$2.84B$2.93B$3.01B$3.19B$2.94B$2.98B$3.06B$2.49B$2.83B$2.91B$2.82B$2.99B$2.52B$2.69B$2.70B$2.97B$2.59B$3.13B$2.56B
# Analysts3333332225874787472033344444464
Surprise %--------------0.99%0.98%0.99%1.00%1.06%1.02%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 7 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 27Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20
# Analysts3333332225874787472033344444464
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$504.46M$519.14M$553.49M$483.32M$510.93M$514.79M$547.15M$479.05M$494.17M$507.37M$535.09M$482.85M$498.09M$623.75M$549.53M$501.42M$509.19M$567.05M$642.80M$475.39M$488.76M$515.50M$503.25M$423.79M$452.66M$570.59M$499.44M$434.95M$526.25M$259.16M
High Forecast$507.65M$522.42M$556.99M$486.37M$514.16M$518.04M$550.61M$482.08M$497.29M$510.77M$538.50M$482.95M$498.09M$748.51M$561.40M$504.59M$512.41M$680.46M$771.36M$478.56M$492.02M$618.60M$506.61M$426.62M$455.68M$684.71M$502.77M$437.85M$529.76M$311.00M
Low Forecast$501.73M$516.33M$550.49M$480.70M$508.17M$512.00M$544.19M$476.46M$491.49M$503.98M$533.39M$482.75M$498.09M$499.00M$542.75M$498.70M$506.44M$453.64M$514.24M$471.82M$485.10M$412.40M$499.48M$420.62M$449.27M$456.47M$495.70M$431.68M$522.31M$207.33M
Surprise %--------------0.61%0.76%0.31%1.04%0.86%0.17%0.48%0.91%1.10%1.17%0.95%1.02%1.33%1.44%0.92%1.90%

7 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 27Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20
# Analysts3333332225874787472033344444464
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$315.94M$313.97M$350.65M$277.01M$320.45M$300.49M$341.88M$268.69M$306.28M$281.65M$323.79M$285.79M$274.94M$264.26M$325.80M$285.88M$285.56M$240.24M$320.88M$250.85M$303.72M$218.40M$325.82M$232.44M$249.12M$276.55M$353.50M$275.83M$317.38M$212.74M
High Forecast$318.53M$316.56M$353.53M$279.28M$323.09M$302.96M$344.69M$270.90M$308.80M$286.42M$328.55M$286.39M$274.96M$317.12M$335.53M$288.23M$287.91M$288.29M$385.05M$253.03M$306.35M$262.08M$328.65M$234.45M$251.28M$331.86M$356.57M$278.22M$320.13M$255.29M
Low Forecast$313.72M$311.77M$348.18M$275.06M$318.20M$298.38M$339.48M$266.80M$304.13M$276.87M$309.50M$285.19M$274.92M$211.41M$320.94M$283.87M$283.55M$192.19M$256.70M$248.41M$300.76M$174.72M$322.65M$230.17M$246.69M$221.24M$350.06M$273.14M$314.28M$170.19M
Surprise %--------------0.71%0.99%-0.09%1.42%1.19%-0.51%0.36%0.78%0.76%1.01%1.24%1.02%1.07%1.19%0.63%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 27Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20
# Analysts3333332225874787472033344444464
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$466.60M$480.18M$511.95M$447.05M$472.59M$476.15M$506.09M$443.10M$457.08M$469.29M$494.93M$446.61M$460.71M$408.98M$508.29M$463.79M$470.97M$371.80M$402.29M$394.29M$405.39M$338.00M$417.40M$351.50M$375.44M$304.36M$414.25M$360.75M$436.48M$332.96M
High Forecast$469.55M$483.21M$515.18M$449.87M$475.57M$479.16M$509.28M$445.90M$459.97M$472.43M$498.08M$446.71M$460.71M$490.78M$519.27M$466.72M$473.95M$446.16M$482.75M$396.93M$408.09M$405.60M$420.19M$353.85M$377.95M$365.23M$417.01M$363.16M$439.39M$399.55M
Low Forecast$464.07M$477.58M$509.18M$444.63M$470.03M$473.57M$503.35M$440.70M$454.60M$466.16M$493.35M$446.52M$460.71M$327.18M$502.01M$461.28M$468.43M$297.44M$321.83M$391.34M$402.35M$270.40M$414.27M$348.87M$372.63M$243.49M$411.14M$358.05M$433.21M$266.37M
Surprise %--------------0.78%0.72%1.54%0.94%0.93%1.88%1.23%1.00%0.83%0.88%1.16%1.02%0.86%0.83%1.22%0.96%

Conagra Brands's average Quarter SG&A projection for Feb 24 is $408.98M, based on 7 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 27Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20
# Analysts3333332225874787472033344444464
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$0.66$0.65$0.73$0.58$0.67$0.63$0.71$0.56$0.64$0.59$0.67$0.60$0.57$0.65$0.68$0.60$0.60$0.64$1.95$0.52$0.63$0.58$0.68$0.48$0.52$0.58$0.74$0.57$0.66$0.49
High Forecast$0.66$0.66$0.74$0.58$0.67$0.63$0.72$0.56$0.64$0.60$0.68$0.60$0.57$0.65$0.70$0.60$0.60$0.64$1.97$0.53$0.64$0.58$0.68$0.49$0.52$0.59$0.74$0.58$0.67$0.49
Low Forecast$0.65$0.65$0.73$0.57$0.66$0.62$0.71$0.56$0.63$0.58$0.64$0.59$0.57$0.65$0.67$0.59$0.59$0.63$1.94$0.52$0.63$0.57$0.67$0.48$0.51$0.58$0.73$0.57$0.65$0.48
Surprise %-----------------0.09%1.13%0.41%-0.50%0.36%0.62%0.75%1.01%1.23%0.99%1.05%1.17%0.62%0.86%

According to 4 Wall Street analysts, Conagra Brands's projected average Quarter EPS for May 23 is $0.60, with a low estimate of $0.59 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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CPBCampbell Soup$38.67$52.1334.81%Hold
CAGConagra Brands$25.90$33.0027.41%Hold
GISGeneral Mills$59.90$75.5026.04%Hold
SJMJ. M. Smucker$105.89$127.7520.64%Hold
KHCKraft Heinz$29.66$35.7520.53%Buy
MKCMcCormick$76.93$84.509.84%Hold
HRLHormel Foods$30.18$32.006.03%Hold
KKellogg$81.77$80.64-1.38%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 $33 with a range of $30 to $36, implying a 27.41% from its last price of $25.9. 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 27.41% (from the last price of $25.9 to the average price target of $33), up by 39.00% based on the highest stock price target, and up by 15.83% based on the lowest stock price target.

Can Conagra Brands stock reach $40?

CAG's average twelve months analyst stock price target of $33 does not support the claim that Conagra Brands can reach $40 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 $12.08B (high $12.15B, low $12.01B), average EBITDA is $2.05B (high $2.06B, low $2.04B), average net income is $1.23B (high $1.24B, low $1.22B), average SG&A $1.9B (high $1.91B, low $1.89B), and average EPS is $2.57 (high $2.59, low $2.55). CAG's analysts financial forecasts for the fiscal year (May 2027) are as follows: average revenue is $12.13B (high $12.2B, low $12.06B), average EBITDA is $2.06B (high $2.07B, low $2.05B), average net income is $1.26B (high $1.27B, low $1.25B), average SG&A $1.91B (high $1.92B, low $1.9B), and average EPS is $2.62 (high $2.64, low $2.6).

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 1.83%. Apple's EBITDA was $1.79B, missing the average prediction of $1.93B by -7.38%. The company's net income was $888.2M, missing the average estimation of $1.08B by -17.79%. Apple's SG&A was $1.49B, missing the average forecast of $1.51B by -1.29%. Lastly, the company's EPS was $1.85, missing the average prediction of $2.37 by -22.04%. 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 $549.53M by -39.08%. Conagra Brands's net income was $231.9M, missing the average estimation of $325.8M by -28.82%. The company's SG&A was $398.1M, missing the average forecast of $508.29M by -21.68%. Lastly, the company's EPS was $0, missing the average prediction of $0.679 by -100.00%