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McKesson (MCK) Stock Forecast, Price Target & Predictions

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MCK Stock Forecast

McKesson stock forecast is as follows: an average price target of $632.13 (represents a 9.04% upside from MCK’s last price of $579.74) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.

MCK Price Target

The average price target for McKesson (MCK) is $632.13 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $715.00 to $535.00. This represents a potential 9.04% upside from MCK's last price of $579.74.

MCK Analyst Ratings

Buy

According to 13 Wall Street analysts, McKesson's rating consensus is 'Buy'. The analyst rating breakdown for MCK stock is 0 'Strong Buy' (0.00%), 11 'Buy' (84.62%), 2 'Hold' (15.38%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

McKesson Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 19, 2024Rob DickersonJefferies$715.00$541.1532.13%23.33%
Nov 07, 2024Eric ColdwellRobert W. Baird$688.00$526.5430.66%18.67%
Sep 25, 2024George HillDeutsche Bank$579.00$479.1620.84%-0.13%
Sep 24, 2024Eric ColdwellRobert W. Baird$531.00$505.005.15%-8.41%
Sep 13, 2024Stephen BaxterWells Fargo$535.00$511.174.66%-7.72%
Sep 06, 2024Michael ChernyLeerink Partners$665.00$514.7529.19%14.71%
Sep 05, 2024Michael ChernyBank of America Securities$635.00$526.5020.61%9.53%
Aug 08, 2024Ann HynesMizuho Securities$570.00$617.51-7.69%-1.68%
Jul 09, 2024Eric ColdwellRobert W. Baird$694.00$589.5317.72%19.71%
Jun 24, 2024David ToungArgus Research$670.00$608.7210.07%15.57%
May 29, 2024Eric ColdwellRobert W. Baird$679.00$549.2623.62%17.12%
Apr 10, 2024David ToungArgus Research$570.00$527.288.10%-1.68%
Apr 05, 2024Eric ColdwellRobert W. Baird$603.00$534.7912.75%4.01%
Feb 08, 2024Eric ColdwellRobert W. Baird$567.00$494.0114.78%-2.20%
Feb 07, 2024Erin WrightMorgan Stanley$480.00$515.03-6.80%-17.20%
Feb 07, 2024David ToungArgus Research$480.00$515.03-6.80%-17.20%
Feb 07, 2024Ann HynesMizuho Securities$450.00$515.03-12.63%-22.38%
Feb 02, 2023Morgan Stanley$426.00$370.9814.83%-26.52%
Jan 06, 2023Morgan Stanley$420.00$384.019.37%-27.55%
May 23, 2022Kevin CaliendoUBS$380.00$322.8617.70%-34.45%
Apr 16, 2022Ricky GoldwasserMorgan Stanley$370.00$323.2514.46%-36.18%
Feb 02, 2022Eric ColdwellRobert W. Baird$340.00$258.0231.77%-41.35%
Dec 17, 2021Ricky GoldwasserMorgan Stanley$292.00$232.6925.49%-49.63%
Dec 09, 2021Steven ValiquetteBarclays$290.00$230.3525.90%-49.98%
Nov 08, 2021David ToungArgus Research$270.00$219.3923.07%-53.43%
May 07, 2021Robert JonesGoldman Sachs$257.00$195.9731.14%-55.67%

The latest McKesson stock forecast, released on Nov 19, 2024 by Rob Dickerson from Jefferies, set a price target of $715.00, which represents a 32.13% increase from the stock price at the time of the forecast ($541.15), and a 23.33% increase from MCK last price ($579.74).

McKesson Price Target by Period

1M3M12M
# Anlaysts1417
Avg Price Target$715.00$628.25$594.76
Last Closing Price$579.74$579.74$579.74
Upside/Downside23.33%8.37%2.59%

In the current month, the average price target of McKesson stock is $715.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 23.33% increase as opposed to McKesson's last price of $579.74. This month's average price target is up 13.81% compared to last quarter, and up 20.22% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 19, 2024JefferiesBuyBuyHold
Oct 01, 2024BarclaysPositivePositiveHold
Sep 25, 2024Deutsche BankBuyBuyHold
Sep 24, 2024WedbushNeutralDowngrade
Sep 23, 2024JefferiesHoldHoldHold
Sep 13, 2024Wells FargoEqual-WeightEqual-WeightHold
Sep 06, 2024Leerink PartnersOutperformOutperformHold
Sep 05, 2024Bank of America SecuritiesBuyBuyHold
Aug 26, 2024Cowen & Co.BuyBuyHold
Jul 19, 2024CitigroupBuyBuyHold
Jun 18, 2024JefferiesHoldHoldHold
May 08, 2024Cowen & Co.BuyBuyHold
Apr 29, 2024CitigroupBuyBuyHold
Feb 08, 2024CitigroupBuyBuyHold
Feb 07, 2024Argus ResearchBuyBuyHold
Feb 07, 2024UBSBuyBuyHold
Feb 07, 2024Morgan StanleyOverweightOverweightHold
Feb 07, 2024Credit SuisseOutperformOutperformHold
Aug 11, 2023Credit SuisseOutperformOutperformHold
May 12, 2023Credit SuisseOutperformOutperformHold
Feb 02, 2023Morgan StanleyOverweightOverweightHold
Jan 06, 2023Morgan StanleyOverweightOverweightHold
Aug 22, 2022Morgan StanleyOverweightOverweightHold
Jun 07, 2022Deutsche BankBuyUpgrade
May 23, 2022UBSBuyBuyHold
Apr 21, 2022Cowen & Co.OutperformOutperformHold
Apr 15, 2022Morgan StanleyOverweightOverweightHold

McKesson's last stock rating was published by Jefferies on Nov 19, 2024. The company gave MCK a "Buy" rating, the same as its previous rate.

McKesson Financial Forecast

McKesson Revenue Forecast

Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Revenue-------------$80.90B$77.22B$74.48B$68.91B$70.49B$70.16B$67.15B$66.10B$68.61B$66.58B$62.67B$59.14B$62.60B$60.81B$55.68B$58.53B$59.17B
Avg Forecast$104.28B$109.91B$107.88B$95.28B$96.67B$102.03B$99.27B$89.47B$91.13B$96.00B$89.33B$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$105.89B$111.62B$109.55B$96.76B$98.17B$103.61B$100.81B$90.86B$92.09B$97.51B$89.74B$82.53B$79.32B$79.08B$77.19B$71.37B$69.14B$72.14B$70.25B$64.92B$63.68B$66.62B$63.16B$60.09B$61.13B$61.77B$59.45B$53.85B$55.57B$59.40B
Low Forecast$102.55B$108.09B$106.09B$93.70B$95.07B$100.34B$97.63B$87.99B$89.99B$94.57B$88.92B$82.53B$79.32B$77.11B$74.44B$69.12B$66.96B$69.87B$70.25B$64.92B$63.68B$66.62B$63.16B$60.09B$61.13B$61.77B$59.45B$53.85B$55.57B$59.40B
# Analysts76446437994445109988889999999913
Surprise %-------------1.04%1.02%1.06%1.01%0.99%1.00%1.03%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 $79.32B, and a high forecast of $79.32B. 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 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts76446437994445109988889999999913
EBITDA-------------$642.00M$951.00M$1.10B$1.29B$1.70B$1.47B$1.23B$1.01B$457.00M$639.00M$779.00M$1.25B$-7.13B$877.00M$871.00M$1.45B$525.00M
Avg Forecast$886.90M$934.85M$917.56M$810.38M$822.22M$867.80M$844.34M$760.99M$775.10M$816.51M$759.78M$701.95M$1.02B$662.86M$646.64M$597.75M$925.39M$434.99M$1.11B$1.02B$841.27M$1.05B$994.09M$945.73M$1.25B$972.25M$935.71M$847.53M$1.39B$934.87M
High Forecast$900.64M$949.34M$931.78M$822.94M$834.96M$881.24M$857.43M$772.78M$783.24M$829.34M$763.23M$701.95M$1.22B$672.62M$656.49M$607.02M$1.11B$521.99M$1.11B$1.02B$1.01B$1.05B$994.09M$945.73M$1.50B$972.25M$935.71M$847.53M$1.66B$934.87M
Low Forecast$872.21M$919.38M$902.37M$796.96M$808.60M$853.43M$830.37M$748.39M$765.42M$804.36M$756.33M$701.95M$814.35M$655.85M$633.13M$587.86M$740.31M$347.99M$1.11B$1.02B$673.01M$1.05B$994.09M$945.73M$1.00B$972.25M$935.71M$847.53M$1.11B$934.87M
Surprise %-------------0.97%1.47%1.84%1.40%3.90%1.33%1.20%1.20%0.44%0.64%0.82%1.00%-7.34%0.94%1.03%1.04%0.56%

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 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts76446437994445109988889999999913
Net Income-------------$589.00M$664.00M$958.00M$787.00M$1.08B$926.00M$768.00M$368.00M$39.00M$267.00M$486.00M$666.00M$-6.23B$577.00M$444.00M$1.02B$186.00M
Avg Forecast$1.49B$1.37B$1.25B$1.18B$1.35B$1.22B$1.11B$1.07B$1.23B$1.07B$889.68M$932.06M$460.76M$910.57M$795.07M$758.60M$418.87M$-6.66M$795.60M$691.16M$380.79M$712.34M$609.10M$542.08M$664.68M$542.84M$505.82M$306.70M$978.67M$457.17M
High Forecast$1.52B$1.40B$1.28B$1.21B$1.38B$1.25B$1.14B$1.09B$1.29B$1.10B$924.15M$932.09M$552.91M$941.57M$811.93M$773.88M$502.65M$-5.33M$795.60M$691.16M$456.95M$712.34M$609.10M$542.08M$797.61M$542.84M$505.82M$306.70M$1.17B$457.17M
Low Forecast$1.46B$1.34B$1.23B$1.16B$1.32B$1.20B$1.09B$1.05B$1.20B$1.04B$855.20M$932.03M$368.61M$886.03M$773.02M$742.27M$335.10M$-8.00M$795.60M$691.16M$304.64M$712.34M$609.10M$542.08M$531.74M$542.84M$505.82M$306.70M$782.93M$457.17M
Surprise %-------------0.65%0.84%1.26%1.88%-161.94%1.16%1.11%0.97%0.05%0.44%0.90%1.00%-11.47%1.14%1.45%1.04%0.41%

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 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts76446437994445109988889999999913
SG&A-------------$-2.51B$-2.09B$-1.87B$1.96B$1.90B$1.95B$1.96B$2.53B$3.10B$2.67B$2.23B$2.22B-----
Avg Forecast$3.57B$3.77B$3.70B$3.27B$3.31B$3.50B$3.40B$3.07B$3.12B$3.29B$3.06B$2.83B$3.17B$2.67B$2.61B$2.41B$2.88B$2.96B$2.41B$2.23B$2.62B$2.28B$2.16B$2.06B$2.22B$2.12B$2.04B$1.85B$1.90B$2.04B
High Forecast$3.63B$3.83B$3.76B$3.32B$3.36B$3.55B$3.46B$3.11B$3.16B$3.34B$3.08B$2.83B$3.80B$2.71B$2.65B$2.45B$3.46B$3.55B$2.41B$2.23B$3.14B$2.28B$2.16B$2.06B$2.66B$2.12B$2.04B$1.85B$1.90B$2.04B
Low Forecast$3.51B$3.71B$3.64B$3.21B$3.26B$3.44B$3.35B$3.02B$3.08B$3.24B$3.05B$2.83B$2.54B$2.64B$2.55B$2.37B$2.30B$2.36B$2.41B$2.23B$2.10B$2.28B$2.16B$2.06B$1.78B$2.12B$2.04B$1.85B$1.90B$2.04B
Surprise %--------------0.94%-0.80%-0.78%0.68%0.64%0.81%0.88%0.97%1.36%1.23%1.08%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 $2.37B 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 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
# Analysts76446437994445109988889999999913
EPS-------------$4.45$4.95$7.07$5.75$7.71$6.47$5.32$2.50$0.26$1.73$3.11$4.19$-39.03$3.56$2.74$5.89$1.04
Avg Forecast$11.55$10.59$9.69$9.16$10.44$9.45$8.61$8.28$9.52$8.27$6.88$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$11.78$10.81$9.88$9.34$10.65$9.64$8.78$8.44$9.99$8.48$7.15$7.21$6.36$7.28$6.28$5.99$7.33$6.49$6.09$5.29$6.03$5.45$4.66$4.15$5.06$4.15$3.87$2.35$4.10$3.50
Low Forecast$11.30$10.36$9.48$8.96$10.21$9.25$8.42$8.10$9.29$8.05$6.61$7.21$6.36$6.85$5.98$5.74$7.03$6.23$6.09$5.29$6.03$5.45$4.66$4.15$5.06$4.15$3.87$2.35$4.10$3.50
Surprise %-------------0.63%0.81%1.21%0.80%1.21%1.06%1.01%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 $6.36 and a high estimate of $6.36. This represents a 42.88% increase compared to MCK previous annual EPS of $4.45 (Dec 23).

McKesson Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
EDAPEDAP TMS$2.46$19.00672.36%Buy
ZYXIZynex$8.40$13.1756.79%Buy
OMIOwens & Minor$13.27$15.5016.80%Buy
MCKMcKesson$562.78$632.1312.32%Buy
HSICHenry Schein$73.18$77.676.14%Buy
CAHCardinal Health$115.82$118.432.25%Buy
PDCOPatterson Companies$30.90$26.00-15.86%Buy

MCK Forecast FAQ

Is McKesson a good buy?

Yes, according to 13 Wall Street analysts, McKesson (MCK) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 11 'Buy' recommendations, accounting for 84.62% of MCK's total ratings.

What is MCK's price target?

McKesson (MCK) average price target is $632.13 with a range of $535 to $715, implying a 9.04% from its last price of $579.74. The data is based on 13 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 up by 9.04% (from the last price of $579.74 to the average price target of $632.13), up by 23.33% based on the highest stock price target, and down by -7.72% based on the lowest stock price target.

Can McKesson stock reach $900?

MCK's average twelve months analyst stock price target of $632.13 does not support the claim that McKesson can reach $900 in the near future.

What is McKesson's current price target trend?

1 Wall Street analyst forecast a $715 price target for McKesson (MCK) this month, up 23.33% from its last price of $579.74. Compared to the last 3 and 12 months, the average price target increased by 8.37% and increased by 2.59%, 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 $387.45B (high $393.45B, low $381.03B), average EBITDA is $3.3B (high $3.35B, low $3.24B), average net income is $4.75B (high $4.85B, low $4.65B), average SG&A $13.28B (high $13.49B, low $13.06B), and average EPS is $36.77 (high $37.51, low $35.98). MCK's analysts financial forecasts for the fiscal year (Mar 2027) are as follows: average revenue is $417.35B (high $423.82B, low $410.44B), average EBITDA is $3.55B (high $3.6B, low $3.49B), average net income is $5.3B (high $5.41B, low $5.19B), average SG&A $14.3B (high $14.53B, low $14.07B), and average EPS is $40.99 (high $41.81, low $40.11).

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 $3.49B by 63.05%. The company's net income was $3.56B, beating the average estimation of $1.9B by 87.47%. Apple's SG&A was $7.78B, missing the average forecast of $10.47B by -25.73%. 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 $662.86M by -3.15%. McKesson's net income was $589M, missing the average estimation of $910.57M by -35.32%. 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%