Core & Main (CNM) Stock Forecast, Price Target & Predictions
CNM Stock Forecast
Core & Main stock forecast is as follows: an average price target of $49.60 (represents a 21.48% upside from CNM’s last price of $40.83) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
CNM Price Target
The average price target for Core & Main (CNM) is $49.60 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $65.00 to $38.00. This represents a potential 21.48% upside from CNM's last price of $40.83.
CNM Analyst Ratings
According to 10 Wall Street analysts, Core & Main's rating consensus is 'Buy'. The analyst rating breakdown for CNM stock is 0 'Strong Buy' (0.00%), 7 'Buy' (70.00%), 3 'Hold' (30.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Core & Main Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 05, 2024 | Jeffrey Stevenson | Loop Capital Markets | $52.00 | $39.77 | 30.77% | 27.36% |
| Sep 05, 2024 | Keith Hughes | Truist Financial | $38.00 | $39.72 | -4.33% | -6.93% |
| Sep 05, 2024 | Mike Dahl | RBC Capital | $53.00 | $39.75 | 33.33% | 29.81% |
| Jun 05, 2024 | Keith Hughes | Truist Financial | $50.00 | $47.98 | 4.21% | 22.46% |
| Jun 04, 2024 | Mike Dahl | RBC Capital | $60.00 | $48.34 | 24.12% | 46.95% |
| Mar 20, 2024 | Matthew Bouley | Barclays | $65.00 | $55.51 | 17.10% | 59.20% |
| Dec 04, 2023 | Nigel Coe | Wolfe Research | $40.00 | $35.92 | 11.36% | -2.03% |
| Dec 04, 2023 | Matthew Bouley | Barclays | $38.00 | $35.92 | 5.79% | -6.93% |
| Jun 15, 2022 | Mike Dahl | RBC Capital | $28.00 | $22.29 | 25.62% | -31.42% |
The latest Core & Main stock forecast, released on Sep 05, 2024 by Jeffrey Stevenson from Loop Capital Markets, set a price target of $52.00, which represents a 30.77% increase from the stock price at the time of the forecast ($39.77), and a 27.36% increase from CNM last price ($40.83).
Core & Main Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 3 | 8 |
| Avg Price Target | $47.67 | $47.67 | $49.50 |
| Last Closing Price | $40.83 | $40.83 | $40.83 |
| Upside/Downside | 16.75% | 16.75% | 21.23% |
In the current month, the average price target of Core & Main stock is $47.67, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 16.75% increase as opposed to Core & Main's last price of $40.83. This month's average price target is down 0.00% compared to last quarter, and down -3.70% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 05, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| Sep 05, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jun 05, 2024 | Truist Financial | Buy | Buy | Hold |
| Jun 05, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| Jun 05, 2024 | Citigroup | Neutral | Neutral | Hold |
| Jun 04, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Apr 05, 2024 | Citigroup | Hold | Neutral | Downgrade |
| Mar 20, 2024 | RBC Capital | Buy | Buy | Hold |
| Mar 20, 2024 | Loop Capital Markets | Underperform | Underperform | Hold |
| Mar 19, 2024 | Barclays | Overweight | Overweight | Hold |
Core & Main's last stock rating was published by Loop Capital Markets on Sep 05, 2024. The company gave CNM a "Buy" rating, the same as its previous rate.
Core & Main Financial Forecast
Core & Main Revenue Forecast
| Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $1.44B | $1.83B | $1.86B | $1.57B | $1.37B | $1.82B | $1.86B | - | $1.25B | $1.40B | - |
| Avg Forecast | $2.69B | $1.68B | $2.09B | $2.07B | $1.83B | $1.64B | $1.99B | $2.05B | $1.72B | $1.43B | $1.82B | $1.86B | $1.60B | $1.38B | $1.69B | $1.67B | $1.40B | $1.15B | $1.30B | $1.23B |
| High Forecast | $2.74B | $1.71B | $2.13B | $2.11B | $1.86B | $1.67B | $2.00B | $2.09B | $1.75B | $1.45B | $1.86B | $1.89B | $1.62B | $1.40B | $1.72B | $1.70B | $1.41B | $1.17B | $1.32B | $1.25B |
| Low Forecast | $2.64B | $1.65B | $2.05B | $2.04B | $1.80B | $1.62B | $1.95B | $2.02B | $1.69B | $1.40B | $1.81B | $1.82B | $1.57B | $1.35B | $1.66B | $1.64B | $1.39B | $1.13B | $1.28B | $1.21B |
| # Analysts | 5 | 5 | 2 | 2 | 2 | 6 | 6 | 3 | 3 | 3 | 6 | 5 | 5 | 5 | 2 | 2 | 2 | 2 | 3 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.01% | 1.00% | 1.00% | 0.99% | 1.00% | 1.07% | 1.11% | - | 1.08% | 1.08% | - |
Core & Main's average Quarter revenue forecast for Apr 24 based on 3 analysts is $1.72B, with a low forecast of $1.69B, and a high forecast of $1.75B. CNM's average Quarter revenue forecast represents a 19.60% increase compared to the company's last Quarter revenue of $1.44B (Jan 24).
Core & Main EBITDA Forecast
| Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 2 | 2 | 2 | 6 | 6 | 3 | 3 | 3 | 6 | 5 | 5 | 5 | 2 | 2 | 2 | 2 | 3 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | $141.00M | $208.00M | $209.00M | $218.00M | $160.00M | $271.00M | $274.00M | - | $114.90M | $139.40M | - |
| Avg Forecast | $304.55M | $190.34M | $236.69M | $234.70M | $207.49M | $185.99M | $225.13M | $232.80M | $103.92M | $161.70M | $206.69M | $210.23M | $82.15M | $155.85M | $167.63M | $189.33M | $158.71M | $88.29M | $152.39M | $139.58M |
| High Forecast | $309.94M | $193.71M | $240.89M | $238.85M | $211.17M | $189.46M | $226.25M | $236.93M | $124.71M | $164.57M | $210.35M | $213.96M | $98.58M | $158.61M | $201.15M | $193.05M | $159.60M | $105.94M | $182.86M | $141.31M |
| Low Forecast | $299.24M | $187.03M | $232.57M | $230.61M | $203.88M | $183.68M | $221.21M | $228.75M | $83.14M | $158.89M | $205.56M | $206.57M | $65.72M | $153.13M | $134.10M | $185.40M | $157.10M | $70.63M | $121.91M | $137.60M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.87% | 1.01% | 0.99% | 2.65% | 1.03% | 1.62% | 1.45% | - | 1.30% | 0.91% | - |
3 analysts predict CNM's average Quarter EBITDA for Apr 24 to be $103.92M, with a high of $124.71M and a low of $83.14M. This is -26.29% lower than Core & Main's previous annual EBITDA (Jan 24) of $141.00M.
Core & Main Net Income Forecast
| Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 2 | 2 | 2 | 6 | 6 | 3 | 3 | 3 | 6 | 5 | 5 | 5 | 2 | 2 | 2 | 2 | 3 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | $63.00M | $112.00M | $110.00M | $133.00M | $84.00M | $178.00M | $182.00M | - | $78.80M | $64.40M | - |
| Avg Forecast | $131.73M | $81.07M | $151.66M | $145.61M | $109.06M | $70.75M | $132.70M | $146.31M | $43.14M | $66.35M | $135.04M | $135.25M | $34.11M | $65.40M | $42.75M | $103.48M | $77.88M | $40.79M | $38.87M | $15.82M |
| High Forecast | $134.77M | $82.93M | $155.16M | $148.96M | $111.58M | $75.04M | $136.79M | $149.68M | $51.77M | $67.88M | $142.98M | $138.37M | $40.93M | $66.91M | $51.30M | $106.12M | $78.44M | $48.94M | $46.64M | $16.07M |
| Low Forecast | $128.75M | $79.23M | $148.23M | $142.31M | $106.59M | $66.46M | $124.54M | $143.00M | $34.51M | $64.85M | $125.11M | $132.19M | $27.28M | $63.92M | $34.20M | $100.69M | $76.85M | $32.63M | $31.09M | $15.52M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.95% | 0.83% | 0.81% | 3.90% | 1.28% | 4.16% | 1.76% | - | 1.93% | 1.66% | - |
Core & Main's average Quarter net income forecast for Apr 24 is $43.14M, with a range of $34.51M to $51.77M. CNM's average Quarter net income forecast represents a -31.52% decrease compared to the company's last Quarter net income of $63.00M (Jan 24).
Core & Main SG&A Forecast
| Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 2 | 2 | 2 | 6 | 6 | 3 | 3 | 3 | 6 | 5 | 5 | 5 | 2 | 2 | 2 | 2 | 3 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | $230.00M | $240.00M | $238.00M | $223.00M | $213.00M | $231.00M | $230.00M | - | $183.40M | $187.90M | - |
| Avg Forecast | $385.08M | $240.67M | $299.28M | $296.76M | $262.36M | $235.17M | $284.66M | $294.36M | $165.88M | $204.46M | $261.35M | $265.82M | $131.13M | $197.06M | $309.44M | $239.40M | $200.68M | $119.00M | $281.31M | $176.49M |
| High Forecast | $391.90M | $244.94M | $304.58M | $302.02M | $267.01M | $239.55M | $286.08M | $299.58M | $199.06M | $208.08M | $265.98M | $270.54M | $157.36M | $200.55M | $371.32M | $244.09M | $201.80M | $142.80M | $337.57M | $178.67M |
| Low Forecast | $378.37M | $236.48M | $294.07M | $291.59M | $257.79M | $232.25M | $279.70M | $289.24M | $132.70M | $200.90M | $259.92M | $261.20M | $104.90M | $193.62M | $247.55M | $234.42M | $198.64M | $95.20M | $225.05M | $173.98M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.12% | 0.92% | 0.90% | 1.70% | 1.08% | 0.75% | 0.96% | - | 1.54% | 0.67% | - |
Core & Main's average Quarter SG&A projection for Apr 24 is $165.88M, based on 3 Wall Street analysts, with a range of $132.70M to $199.06M. The forecast indicates a -27.88% fall compared to CNM last annual SG&A of $230.00M (Jan 24).
Core & Main EPS Forecast
| Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 2 | 2 | 2 | 6 | 6 | 3 | 3 | 3 | 6 | 5 | 5 | 5 | 2 | 2 | 2 | 2 | 3 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | $0.65 | - | $0.78 | $0.49 | $1.05 | $1.08 | - | $0.49 | $0.41 | - |
| Avg Forecast | $0.65 | $0.40 | $0.75 | $0.72 | $0.54 | $0.35 | $0.65 | $0.72 | $0.52 | $0.33 | $0.67 | $0.67 | $0.47 | $0.32 | $0.55 | $0.51 | $0.36 | $0.23 | $0.30 | $0.07 |
| High Forecast | $0.66 | $0.41 | $0.77 | $0.74 | $0.55 | $0.37 | $0.67 | $0.74 | $0.53 | $0.33 | $0.71 | $0.68 | $0.49 | $0.33 | $0.57 | $0.52 | $0.37 | $0.24 | $0.31 | $0.08 |
| Low Forecast | $0.64 | $0.39 | $0.73 | $0.70 | $0.53 | $0.33 | $0.61 | $0.71 | $0.51 | $0.32 | $0.62 | $0.65 | $0.46 | $0.32 | $0.54 | $0.50 | $0.36 | $0.23 | $0.30 | $0.07 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.98% | - | 1.64% | 1.52% | 1.90% | 2.11% | - | 2.09% | 1.36% | - |
According to 3 Wall Street analysts, Core & Main's projected average Quarter EPS for Jan 24 is $0.33, with a low estimate of $0.32 and a high estimate of $0.33. This represents a -49.64% decrease compared to CNM previous annual EPS of $0.65 (Oct 23).
Core & Main Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MSM | MSC Industrial Direct | $79.48 | $105.71 | 33.00% | Buy |
| BXC | BlueLinx | $102.10 | $135.00 | 32.22% | Buy |
| CNM | Core & Main | $40.83 | $49.60 | 21.48% | Buy |
| SITE | SiteOne Landscape Supply | $141.04 | $151.71 | 7.57% | Hold |
| AIT | Applied Industrial | $203.98 | $218.33 | 7.04% | Buy |
| FAST | Fastenal Company | $69.82 | $63.44 | -9.14% | Hold |
| WSO | Watsco | $476.71 | $370.00 | -22.38% | Hold |
| GWW | W.W. Grainger | $993.82 | $760.25 | -23.50% | Buy |
CNM Forecast FAQ
Is Core & Main a good buy?
Yes, according to 10 Wall Street analysts, Core & Main (CNM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 70.00% of CNM's total ratings.
What is CNM's price target?
Core & Main (CNM) average price target is $49.6 with a range of $38 to $65, implying a 21.48% from its last price of $40.83. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Core & Main stock go up soon?
According to Wall Street analysts' prediction for CNM stock, the company can go up by 21.48% (from the last price of $40.83 to the average price target of $49.6), up by 59.20% based on the highest stock price target, and down by -6.93% based on the lowest stock price target.
Can Core & Main stock reach $60?
CNM's highest twelve months analyst stock price target of $65 supports the claim that Core & Main can reach $60 in the near future.
What is Core & Main's current price target trend?
3 Wall Street analysts forecast a $47.67 price target for Core & Main (CNM) this month, up 16.75% from its last price of $40.83. Compared to the last 3 and 12 months, the average price target increased by 16.75% and increased by 21.23%, respectively.
What are Core & Main's analysts' financial forecasts?
Core & Main's analysts financial forecasts for the fiscal year (Jan 2025) are as follows: average revenue is $7.41B (high $7.51B, low $7.28B), average EBITDA is $747.84M (high $777.34M, low $716.77M), average net income is $392.9M (high $413.28M, low $368.51M), average SG&A $980.07M (high $1.02B, low $933.89M), and average EPS is $2.24 (high $2.31, low $2.15). CNM's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $7.67B (high $7.81B, low $7.54B), average EBITDA is $869.22M (high $884.62M, low $854.08M), average net income is $487.4M (high $498.63M, low $476.37M), average SG&A $1.1B (high $1.12B, low $1.08B), and average EPS is $2.4 (high $2.46, low $2.35).
Did the CNM's actual financial results beat the analysts' financial forecasts?
Based on Core & Main's last annual report (Jan 2024), the company's revenue was $6.7B, which missed the average analysts forecast of $6.7B by -0.01%. Apple's EBITDA was $727M, beating the average prediction of $660.78M by 10.02%. The company's net income was $371M, beating the average estimation of $370.74M by 0.07%. Apple's SG&A was $931M, beating the average forecast of $862.76M by 7.91%. Lastly, the company's EPS was $0, missing the average prediction of $2.14 by -100.00%. In terms of the last quarterly report (Jan 2024), Core & Main's revenue was $1.44B, beating the average analysts' forecast of $1.43B by 0.90%. The company's EBITDA was $141M, missing the average prediction of $161.7M by -12.80%. Core & Main's net income was $63M, missing the average estimation of $66.35M by -5.04%. The company's SG&A was $230M, beating the average forecast of $204.46M by 12.49%. Lastly, the company's EPS was $0, missing the average prediction of $0.327 by -100.00%