McKesson (MCK) Stock Forecast, Price Target & Predictions
MCK Stock Forecast
McKesson stock forecast is as follows: an average price target of $517.60 (represents a -0.23% downside from MCK’s last price of $518.81) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
MCK Price Target
The average price target for McKesson (MCK) is $517.60 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $694.00 to $257.00. This represents a potential -0.23% downside from MCK's last price of $518.81.
MCK Analyst Ratings
According to 11 Wall Street analysts, McKesson's rating consensus is 'Buy'. The analyst rating breakdown for MCK stock is 0 'Strong Buy' (0.00%), 9 'Buy' (81.82%), 2 'Hold' (18.18%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
McKesson Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 13, 2024 | Stephen Baxter | Wells Fargo | $535.00 | $511.17 | 4.66% | 3.12% |
| Sep 06, 2024 | Michael Cherny | Leerink Partners | $665.00 | $514.75 | 29.19% | 28.18% |
| Sep 05, 2024 | Michael Cherny | Bank of America Securities | $635.00 | $526.50 | 20.61% | 22.40% |
| Aug 08, 2024 | Ann Hynes | Mizuho Securities | $570.00 | $617.51 | -7.69% | 9.87% |
| Jul 09, 2024 | Eric Coldwell | Robert W. Baird | $694.00 | $589.53 | 17.72% | 33.77% |
| Jun 24, 2024 | David Toung | Argus Research | $670.00 | $608.72 | 10.07% | 29.14% |
| May 29, 2024 | Eric Coldwell | Robert W. Baird | $679.00 | $549.26 | 23.62% | 30.88% |
| Apr 10, 2024 | David Toung | Argus Research | $570.00 | $527.28 | 8.10% | 9.87% |
| Apr 05, 2024 | Eric Coldwell | Robert W. Baird | $603.00 | $534.79 | 12.75% | 16.23% |
| Feb 08, 2024 | Eric Coldwell | Robert W. Baird | $567.00 | $494.01 | 14.78% | 9.29% |
The latest McKesson stock forecast, released on Sep 13, 2024 by Stephen Baxter from Wells Fargo, set a price target of $535.00, which represents a 4.66% increase from the stock price at the time of the forecast ($511.17), and a 3.12% increase from MCK last price ($518.81).
McKesson Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 6 | 13 |
| Avg Price Target | $611.67 | $628.17 | $584.46 |
| Last Closing Price | $518.81 | $518.81 | $518.81 |
| Upside/Downside | 17.90% | 21.08% | 12.65% |
In the current month, the average price target of McKesson stock is $611.67, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 17.90% increase as opposed to McKesson's last price of $518.81. This month's average price target is down -2.63% compared to last quarter, and up 4.66% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 13, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Sep 06, 2024 | Leerink Partners | Outperform | Outperform | Hold |
| Sep 05, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Aug 26, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jul 19, 2024 | Citigroup | Buy | Buy | Hold |
| Jun 18, 2024 | Jefferies | Hold | Hold | Hold |
| May 08, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Apr 29, 2024 | Citigroup | Buy | Buy | Hold |
| Feb 08, 2024 | Citigroup | Buy | Buy | Hold |
| Feb 07, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
McKesson's last stock rating was published by Wells Fargo on Sep 13, 2024. The company gave MCK a "Equal-Weight" rating, the same as its previous rate.
McKesson Financial Forecast
McKesson Revenue Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $80.90B | $77.22B | $74.48B | $68.91B | $70.49B | $70.16B | - | $66.10B | $68.61B | $66.58B | $62.67B | $59.14B | $62.60B | $60.81B | $55.68B | $58.53B | $59.17B |
| Avg Forecast | $103.45B | $108.37B | $103.03B | $95.23B | $95.12B | $100.07B | $95.40B | $89.18B | $89.77B | $94.17B | $89.57B | $82.53B | $79.32B | $77.93B | $76.03B | $70.28B | $68.08B | $71.04B | $70.25B | $64.92B | $63.68B | $66.62B | $63.16B | $60.09B | $61.13B | $61.77B | $59.45B | $53.85B | $55.57B | $59.40B |
| High Forecast | $105.21B | $110.21B | $104.78B | $96.85B | $96.74B | $101.78B | $97.02B | $90.70B | $91.30B | $95.77B | $90.97B | $83.94B | $80.67B | $79.08B | $77.19B | $71.48B | $69.24B | $72.26B | $71.44B | $64.92B | $64.92B | $67.93B | $64.40B | $61.27B | $62.33B | $62.98B | $60.62B | $54.90B | $56.66B | $60.56B |
| Low Forecast | $101.10B | $105.90B | $100.68B | $93.06B | $92.96B | $97.80B | $93.23B | $87.16B | $87.73B | $92.03B | $87.53B | $80.65B | $77.51B | $77.11B | $74.44B | $68.68B | $66.53B | $69.43B | $68.65B | $64.92B | $62.49B | $65.38B | $61.98B | $58.97B | $59.99B | $60.62B | $58.34B | $52.84B | $54.53B | $58.29B |
| # Analysts | 7 | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 5 | 10 | 9 | 9 | 8 | 8 | 4 | 4 | 5 | 5 | 5 | 10 | 10 | 9 | 8 | 7 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.02% | 1.06% | 1.01% | 0.99% | 1.00% | - | 1.04% | 1.03% | 1.05% | 1.04% | 0.97% | 1.01% | 1.02% | 1.03% | 1.05% | 1.00% |
McKesson's average Quarter revenue forecast for Mar 24 based on 4 analysts is $79.32B, with a low forecast of $77.51B, and a high forecast of $80.67B. MCK's average Quarter revenue forecast represents a -1.95% decrease compared to the company's last Quarter revenue of $80.90B (Dec 23).
McKesson EBITDA Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 5 | 10 | 9 | 9 | 8 | 8 | 4 | 4 | 5 | 5 | 5 | 10 | 10 | 9 | 8 | 7 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $642.00M | $951.00M | $1.10B | $1.29B | $1.70B | $1.47B | - | $1.01B | $457.00M | $639.00M | $779.00M | $1.25B | $-7.13B | $877.00M | $871.00M | $1.45B | $525.00M |
| Avg Forecast | $1.63B | $1.71B | $1.62B | $1.50B | $1.50B | $1.58B | $1.50B | $1.40B | $1.41B | $1.48B | $1.41B | $1.30B | $1.02B | $1.23B | $1.20B | $1.11B | $925.39M | $1.12B | $480.14M | $1.02B | $841.27M | $395.45M | $436.49M | $499.02M | $1.25B | $-6.32B | $669.05M | $702.06M | $1.39B | $488.13M |
| High Forecast | $1.66B | $1.73B | $1.65B | $1.52B | $1.52B | $1.60B | $1.53B | $1.43B | $1.44B | $1.51B | $1.43B | $1.32B | $1.22B | $1.24B | $1.21B | $1.13B | $1.11B | $1.14B | $576.17M | $1.02B | $1.01B | $474.54M | $523.79M | $598.82M | $1.50B | $-5.06B | $802.86M | $842.47M | $1.66B | $585.76M |
| Low Forecast | $1.59B | $1.67B | $1.58B | $1.46B | $1.46B | $1.54B | $1.47B | $1.37B | $1.38B | $1.45B | $1.38B | $1.27B | $814.35M | $1.21B | $1.17B | $1.08B | $740.31M | $1.09B | $384.11M | $1.02B | $673.01M | $316.36M | $349.19M | $399.21M | $1.00B | $-7.59B | $535.24M | $561.64M | $1.11B | $390.51M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.52% | 0.79% | 0.99% | 1.40% | 1.52% | 3.06% | - | 1.20% | 1.16% | 1.46% | 1.56% | 1.00% | 1.13% | 1.31% | 1.24% | 1.04% | 1.08% |
4 analysts predict MCK's average Quarter EBITDA for Mar 24 to be $1.02B, with a high of $1.22B and a low of $814.35M. This is 58.56% upper than McKesson's previous annual EBITDA (Dec 23) of $642.00M.
McKesson Net Income Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 5 | 10 | 9 | 9 | 8 | 8 | 4 | 4 | 5 | 5 | 5 | 10 | 10 | 9 | 8 | 7 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $589.00M | $664.00M | $958.00M | $787.00M | $1.08B | $926.00M | - | $368.00M | $39.00M | $267.00M | $486.00M | $666.00M | $-6.23B | $577.00M | $444.00M | $1.02B | $186.00M |
| Avg Forecast | $1.47B | $1.39B | $1.23B | $1.18B | $1.31B | $1.22B | $1.10B | $1.05B | $1.16B | $1.09B | $922.17M | $942.16M | $460.76M | $920.43M | $803.68M | $766.81M | $418.87M | $831.60M | $200.62M | $695.92M | $380.79M | $-6.06M | $182.38M | $311.33M | $664.68M | $-5.52B | $440.19M | $357.88M | $978.67M | $172.94M |
| High Forecast | $1.50B | $1.42B | $1.26B | $1.20B | $1.34B | $1.24B | $1.12B | $1.08B | $1.18B | $1.11B | $992.61M | $963.03M | $552.91M | $951.76M | $820.73M | $783.81M | $502.65M | $850.03M | $240.75M | $695.92M | $456.95M | $-4.85M | $218.86M | $373.59M | $797.61M | $-4.41B | $528.22M | $429.46M | $1.17B | $207.53M |
| Low Forecast | $1.43B | $1.34B | $1.20B | $1.14B | $1.27B | $1.18B | $1.06B | $1.02B | $1.12B | $1.06B | $874.78M | $914.30M | $368.61M | $895.62M | $781.39M | $744.14M | $335.10M | $807.01M | $160.50M | $695.92M | $304.64M | $-7.27M | $145.91M | $249.06M | $531.74M | $-6.62B | $352.15M | $286.30M | $782.93M | $138.35M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.64% | 0.83% | 1.25% | 1.88% | 1.30% | 4.62% | - | 0.97% | -6.44% | 1.46% | 1.56% | 1.00% | 1.13% | 1.31% | 1.24% | 1.04% | 1.08% |
McKesson's average Quarter net income forecast for Mar 24 is $460.76M, with a range of $368.61M to $552.91M. MCK's average Quarter net income forecast represents a -21.77% decrease compared to the company's last Quarter net income of $589.00M (Dec 23).
McKesson SG&A Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 5 | 10 | 9 | 9 | 8 | 8 | 4 | 4 | 5 | 5 | 5 | 10 | 10 | 9 | 8 | 7 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $-2.51B | $-2.09B | $-1.87B | $1.96B | $1.90B | $1.95B | - | $2.53B | $3.10B | $2.67B | $2.23B | $2.22B | - | - | - | - | - |
| Avg Forecast | $3.55B | $3.71B | $3.53B | $3.26B | $3.26B | $3.43B | $3.27B | $3.06B | $3.08B | $3.23B | $3.07B | $2.83B | $3.17B | $2.67B | $2.61B | $2.41B | $2.88B | $2.44B | $2.01B | $2.23B | $2.62B | $2.69B | $1.82B | $1.43B | $2.22B | $2.27B | $2.19B | $1.98B | $2.05B | $2.19B |
| High Forecast | $3.61B | $3.78B | $3.59B | $3.32B | $3.32B | $3.49B | $3.33B | $3.11B | $3.13B | $3.28B | $3.12B | $2.88B | $3.80B | $2.71B | $2.65B | $2.45B | $3.46B | $2.48B | $2.41B | $2.23B | $3.14B | $3.22B | $2.19B | $1.72B | $2.66B | $2.32B | $2.23B | $2.02B | $2.09B | $2.23B |
| Low Forecast | $3.47B | $3.63B | $3.45B | $3.19B | $3.19B | $3.35B | $3.20B | $2.99B | $3.01B | $3.15B | $3.00B | $2.76B | $2.54B | $2.64B | $2.55B | $2.35B | $2.30B | $2.38B | $1.60B | $2.23B | $2.10B | $2.15B | $1.46B | $1.14B | $1.78B | $2.23B | $2.15B | $1.95B | $2.01B | $2.15B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.94% | -0.80% | -0.78% | 0.68% | 0.78% | 0.97% | - | 0.97% | 1.16% | 1.46% | 1.56% | 1.00% | - | - | - | - | - |
McKesson's average Quarter SG&A projection for Jun 23 is $2.41B, based on 9 Wall Street analysts, with a range of $2.35B to $2.45B. The forecast indicates a 22.65% rise compared to MCK last annual SG&A of $1.96B (Mar 23).
McKesson EPS Forecast
| Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 7 | 6 | 4 | 4 | 6 | 4 | 3 | 7 | 4 | 4 | 9 | 7 | 4 | 5 | 10 | 9 | 9 | 8 | 8 | 4 | 4 | 5 | 5 | 5 | 10 | 10 | 9 | 8 | 7 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.45 | $4.95 | $7.07 | $5.75 | $7.71 | $6.47 | - | $2.50 | $0.26 | $1.73 | $3.11 | $4.19 | $-39.03 | $3.56 | $2.74 | $5.89 | $1.04 |
| Avg Forecast | $11.24 | $10.60 | $9.44 | $9.01 | $10.00 | $9.30 | $8.38 | $8.07 | $8.84 | $8.33 | $7.06 | $7.21 | $6.36 | $7.04 | $6.15 | $5.87 | $7.18 | $6.36 | $6.09 | $5.29 | $6.03 | $5.45 | $4.66 | $4.15 | $5.06 | $4.15 | $3.87 | $2.35 | $4.10 | $3.50 |
| High Forecast | $11.49 | $10.84 | $9.65 | $9.21 | $10.22 | $9.50 | $8.56 | $8.25 | $9.03 | $8.51 | $7.59 | $7.37 | $6.50 | $7.28 | $6.28 | $6.00 | $7.34 | $6.50 | $6.22 | $5.29 | $6.18 | $5.59 | $4.78 | $4.25 | $5.19 | $4.26 | $3.97 | $2.41 | $4.20 | $3.59 |
| Low Forecast | $10.91 | $10.29 | $9.16 | $8.75 | $9.70 | $9.02 | $8.13 | $7.83 | $8.58 | $8.08 | $6.69 | $7.00 | $6.17 | $6.85 | $5.98 | $5.69 | $6.97 | $6.17 | $5.91 | $5.29 | $5.88 | $5.32 | $4.55 | $4.05 | $4.94 | $4.05 | $3.78 | $2.29 | $4.00 | $3.41 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.63% | 0.81% | 1.21% | 0.80% | 1.21% | 1.06% | - | 0.41% | 0.05% | 0.37% | 0.75% | 0.83% | -9.40% | 0.92% | 1.17% | 1.44% | 0.30% |
According to 4 Wall Street analysts, McKesson's projected average Quarter EPS for Mar 24 is $6.36, with a low estimate of $6.17 and a high estimate of $6.50. This represents a 42.88% increase compared to MCK previous annual EPS of $4.45 (Dec 23).
McKesson Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| EDAP | EDAP TMS | $3.24 | $19.00 | 486.42% | Buy |
| OMI | Owens & Minor | $15.53 | $32.00 | 106.05% | Buy |
| ZYXI | Zynex | $8.15 | $16.33 | 100.37% | Buy |
| PDCO | Patterson Companies | $21.87 | $29.83 | 36.40% | Hold |
| HSIC | Henry Schein | $70.38 | $81.33 | 15.56% | Buy |
| MCK | McKesson | $518.81 | $517.60 | -0.23% | Buy |
| ABC | Cencora | $179.98 | $171.00 | -4.99% | Buy |
| CAH | Cardinal Health | $113.17 | $100.43 | -11.26% | Buy |
MCK Forecast FAQ
Is McKesson a good buy?
Yes, according to 11 Wall Street analysts, McKesson (MCK) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 9 'Buy' recommendations, accounting for 81.82% of MCK's total ratings.
What is MCK's price target?
McKesson (MCK) average price target is $517.6 with a range of $257 to $694, implying a -0.23% from its last price of $518.81. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will McKesson stock go up soon?
According to Wall Street analysts' prediction for MCK stock, the company can go down by -0.23% (from the last price of $518.81 to the average price target of $517.6), up by 33.77% based on the highest stock price target, and down by -50.46% based on the lowest stock price target.
Can McKesson stock reach $800?
MCK's average twelve months analyst stock price target of $517.6 does not support the claim that McKesson can reach $800 in the near future.
What is McKesson's current price target trend?
3 Wall Street analysts forecast a $611.67 price target for McKesson (MCK) this month, up 17.90% from its last price of $518.81. Compared to the last 3 and 12 months, the average price target increased by 21.08% and increased by 12.65%, respectively.
What are McKesson's analysts' financial forecasts?
McKesson's analysts financial forecasts for the fiscal year (Mar 2026) are as follows: average revenue is $379.77B (high $386.25B, low $371.13B), average EBITDA is $5.98B (high $6.08B, low $5.84B), average net income is $4.67B (high $4.78B, low $4.53B), average SG&A $13.02B (high $13.24B, low $12.72B), and average EPS is $35.74 (high $36.54, low $34.69). MCK's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $410.07B (high $417.06B, low $400.74B), average EBITDA is $6.45B (high $6.56B, low $6.31B), average net income is $5.27B (high $5.38B, low $5.11B), average SG&A $14.06B (high $14.3B, low $13.74B), and average EPS is $40.29 (high $41.18, low $39.1).
Did the MCK's actual financial results beat the analysts' financial forecasts?
Based on McKesson's last annual report (Mar 2023), the company's revenue was $276.71B, beating the average analysts forecast of $274.29B by 0.88%. Apple's EBITDA was $5.69B, beating the average prediction of $3.55B by 60.40%. The company's net income was $3.56B, beating the average estimation of $2.15B by 65.81%. Apple's SG&A was $7.78B, missing the average forecast of $9.55B by -18.55%. Lastly, the company's EPS was $25.23, beating the average prediction of $24.92 by 1.24%. In terms of the last quarterly report (Dec 2023), McKesson's revenue was $80.9B, beating the average analysts' forecast of $77.93B by 3.80%. The company's EBITDA was $642M, missing the average prediction of $1.23B by -47.66%. McKesson's net income was $589M, missing the average estimation of $920.43M by -36.01%. The company's SG&A was $-2.506B, missing the average forecast of $2.67B by -193.81%. Lastly, the company's EPS was $4.45, missing the average prediction of $7.04 by -36.81%