Rite Aid (RAD) Stock Forecast, Price Target & Predictions

RAD Stock Forecast

Rite Aid stock forecast is as follows: an average price target of $7.00 (represents a 2715.77% upside from RAD’s last price of $0.25) and a rating consensus of 'Sell', based on 1 wall street analysts offering a 1-year stock forecast.

RAD Price Target

The average price target for Rite Aid (RAD) is $7.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $7.00 to $7.00. This represents a potential 2715.77% upside from RAD's last price of $0.25.

RAD Analyst Ratings

Sell

According to 1 Wall Street analysts, Rite Aid's rating consensus is 'Sell'. The analyst rating breakdown for RAD stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 0 'Hold' (0.00%), 1 'Sell' (100.00%), and 0 'Strong Sell' (0.00%).

Rite Aid Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Aug 27, 2022	Elizabeth Anderson	Evercore ISI	-	-	-14.63%	2715.77%

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The latest Rite Aid stock forecast, released on Aug 27, 2022 by Elizabeth Anderson from Evercore ISI, set a price target of $7.00, which represents a -14.63% decrease from the stock price at the time of the forecast ($8.20), and a 2715.77% increase from RAD last price ($0.25).

Rite Aid Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	-
Avg Price Target	-	-	-
Last Closing Price	$0.25	$0.25	$0.25
Upside/Downside	-100.00%	-100.00%	-100.00%

In the current month, the average price target of Rite Aid stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Rite Aid's last price of $0.25. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Aug 27, 2022	Evercore ISI	Underperform	Underperform	Hold
Apr 07, 2022	Deutsche Bank		Sell	Downgrade

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Rite Aid's last stock rating was published by Evercore ISI on Aug 27, 2022. The company gave RAD a "Underperform" rating, the same as its previous rate.

Rite Aid Financial Forecast

Rite Aid Revenue Forecast

	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Mar 23	Dec 22	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13	Mar 12	Mar 11	Mar 10	Mar 09	Mar 08	Mar 07	Mar 06	Mar 05	Mar 04	Mar 03	Mar 02	Mar 01	Sep 00
Revenue	-	-	-	-	$5.65B	$6.09B	-	-	-	-	$5.38B	$5.39B	$8.54B	-	-	$6.60B	$6.46B	$7.15B	-	-	-	-	-	-	-	-	-	-	-	-
Avg Forecast	$5.80B	$5.76B	$5.95B	$5.78B	$5.65B	$7.27B	$7.52B	$5.75B	$19.44B	$2.32B	$9.41B	$6.47B	$203.72B	$1.70B	$4.84B	$4.89B	$1.14B	$5.62B	$6.35B	$5.21B	$5.41B	$389.58M	$9.97B	$11.45B	$1.88B	$3.79B	$3.58B	$3.96B	$4.86B	$652.95M
High Forecast	$5.80B	$5.76B	$5.95B	$5.78B	$5.65B	$8.73B	$9.03B	$6.90B	$23.33B	$2.79B	$11.30B	$7.77B	$244.47B	$2.04B	$5.81B	$5.87B	$1.37B	$6.74B	$7.62B	$6.25B	$6.50B	$467.50M	$11.97B	$13.74B	$2.26B	$4.54B	$4.29B	$4.75B	$5.84B	$783.54M
Low Forecast	$5.80B	$5.76B	$5.95B	$5.78B	$5.65B	$5.82B	$6.02B	$4.60B	$15.56B	$1.86B	$7.53B	$5.18B	$162.98B	$1.36B	$3.87B	$3.91B	$913.66M	$4.49B	$5.08B	$4.17B	$4.33B	$311.67M	$7.98B	$9.16B	$1.50B	$3.03B	$2.86B	$3.17B	$3.89B	$522.36M
# Analysts	1	1	1	1	1	19	18	12	14	15	12	15	20	14	18	18	12	19	9	16	7	7	8	12	20	18	11	13	17	14
Surprise %	-	-	-	-	1.00%	0.84%	-	-	-	-	0.57%	0.83%	0.04%	-	-	1.35%	5.65%	1.27%	-	-	-	-	-	-	-	-	-	-	-	-

Rite Aid's average Quarter revenue forecast for Dec 23 based on 1 analysts is $5.78B, with a low forecast of $5.78B, and a high forecast of $5.78B. RAD's average Quarter revenue forecast represents a 2.38% increase compared to the company's last Quarter revenue of $5.65B (Sep 23).

Rite Aid EBITDA Forecast

	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Mar 23	Dec 22	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13	Mar 12	Mar 11	Mar 10	Mar 09	Mar 08	Mar 07	Mar 06	Mar 05	Mar 04	Mar 03	Mar 02	Mar 01	Sep 00
# Analysts	1	1	1	1	1	19	18	12	14	15	12	15	20	14	18	18	12	19	9	16	7	7	8	12	20	18	11	13	17	14
EBITDA	-	-	-	-	$-362.87M	$21.36M	-	-	-	-	$61.65M	$1.13B	$286.05M	-	-	$253.42M	$306.66M	$59.47M	-	-	-	-	-	-	-	-	-	-	-	-
Avg Forecast	-	-	$-350.61M	-	-	$-318.74M	$234.79M	$-251.97M	$93.91M	$82.00M	$79.26M	$937.20M	$9.89B	$276.81M	$190.37M	$165.17M	-	$43.27M	$53.92M	$64.59M	$-1.42B	-	$96.92M	$101.20M	$427.95M	$106.31M	$63.78M	$-186.15M	$-261.97M	$-1.06B
High Forecast	-	-	$-280.49M	-	-	$-254.99M	$281.74M	$-201.57M	$112.69M	$98.40M	$95.11M	$1.12B	$11.87B	$332.17M	$228.44M	$198.21M	-	$51.92M	$64.71M	$77.50M	$-1.13B	-	$116.30M	$121.44M	$513.54M	$127.57M	$76.53M	$-148.92M	$-209.58M	$-845.98M
Low Forecast	-	-	$-420.73M	-	-	$-382.48M	$187.83M	$-302.36M	$75.13M	$65.60M	$63.41M	$749.76M	$7.91B	$221.45M	$152.29M	$132.14M	-	$34.61M	$43.14M	$51.67M	$-1.70B	-	$77.53M	$80.96M	$342.36M	$85.05M	$51.02M	$-223.38M	$-314.37M	$-1.27B
Surprise %	-	-	-	-	-	-0.07%	-	-	-	-	0.78%	1.20%	0.03%	-	-	1.53%	-	1.37%	-	-	-	-	-	-	-	-	-	-	-	-

1 analysts predict RAD's average Quarter EBITDA for Sep 23 to be -, with a high of - and a low of -. This is -100.00% lower than Rite Aid's previous annual EBITDA (Mar 23) of $21.36M.

Rite Aid Net Income Forecast

	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Mar 23	Dec 22	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13	Mar 12	Mar 11	Mar 10	Mar 09	Mar 08	Mar 07	Mar 06	Mar 05	Mar 04	Mar 03	Mar 02	Mar 01	Sep 00
# Analysts	1	1	1	1	1	19	18	12	14	15	12	15	20	14	18	18	12	19	9	16	7	7	8	12	20	18	11	13	17	14
Net Income	-	-	-	-	$-1.02B	$-241.31M	-	-	-	-	$-272.98M	$767.07M	$-21.14M	-	-	$55.38M	$123.09M	$-161.25M	-	-	-	-	-	-	-	-	-	-	-	-
Avg Forecast	$85.25M	$74.25M	$-493.04M	$-94.57M	$76.77M	$-448.22M	$-101.35M	$-354.32M	$-18.01M	$-166.69M	$-350.97M	$894.95M	$-728.15M	$65.60M	$1.08B	$36.10M	$847.78M	$-117.41M	$-202.21M	$-158.32M	$-1.75B	$-13.30B	$21.00M	$1.78B	$886.26M	$49.82M	$5.90M	$-252.97M	$-393.13M	$-1.34B
High Forecast	$85.25M	$74.25M	$-394.43M	$-94.57M	$76.77M	$-358.58M	$-81.08M	$-283.46M	$-14.41M	$-133.35M	$-280.78M	$1.07B	$-582.52M	$78.72M	$1.29B	$43.32M	$1.02B	$-93.93M	$-161.77M	$-126.66M	$-1.40B	$-10.64B	$25.20M	$2.13B	$1.06B	$59.78M	$7.08M	$-202.38M	$-314.50M	$-1.07B
Low Forecast	$85.25M	$74.25M	$-591.65M	$-94.57M	$76.77M	$-537.86M	$-121.62M	$-425.19M	$-21.61M	$-200.03M	$-421.17M	$715.96M	$-873.78M	$52.48M	$860.06M	$28.88M	$678.23M	$-140.90M	$-242.66M	$-189.98M	$-2.09B	$-15.96B	$16.80M	$1.42B	$709.01M	$39.86M	$4.72M	$-303.57M	$-471.75M	$-1.61B
Surprise %	-	-	-	-	-13.29%	0.54%	-	-	-	-	0.78%	0.86%	0.03%	-	-	1.53%	0.15%	1.37%	-	-	-	-	-	-	-	-	-	-	-	-

Rite Aid's average Quarter net income forecast for Mar 19 is $-350.97M, with a range of $-421.17M to $-280.78M. RAD's average Quarter net income forecast represents a -145.75% decrease compared to the company's last Quarter net income of $767.07M (Mar 18).

Rite Aid SG&A Forecast

	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Mar 23	Dec 22	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13	Mar 12	Mar 11	Mar 10	Mar 09	Mar 08	Mar 07	Mar 06	Mar 05	Mar 04	Mar 03	Mar 02	Mar 01	Sep 00
# Analysts	1	1	1	1	1	19	18	12	14	15	12	15	20	14	18	18	12	19	9	16	7	7	8	12	20	18	11	13	17	14
SG&A	-	-	-	-	$1.46B	$1.30B	-	-	-	-	$1.14B	$1.18B	$1.90B	-	-	$1.72B	$1.68B	$1.76B	-	-	-	-	-	-	-	-	-	-	-	-
Avg Forecast	-	-	$1.58B	-	-	$1.43B	$3.59B	$1.13B	$1.16B	$592.54M	$1.47B	$1.38B	$65.46B	-	$1.01B	$1.12B	-	$1.28B	$1.60B	$1.25B	$1.29B	-	$1.56B	$2.05B	-	$797.95M	$708.73M	$880.47M	$1.14B	-
High Forecast	-	-	$1.89B	-	-	$1.72B	$4.31B	$1.36B	$1.39B	$711.05M	$1.76B	$1.65B	$78.56B	-	$1.21B	$1.34B	-	$1.54B	$1.92B	$1.50B	$1.55B	-	$1.87B	$2.47B	-	$957.54M	$850.47M	$1.06B	$1.37B	-
Low Forecast	-	-	$1.26B	-	-	$1.15B	$2.87B	$906.23M	$925.03M	$474.03M	$1.18B	$1.10B	$52.37B	-	$805.36M	$894.98M	-	$1.02B	$1.28B	$997.67M	$1.03B	-	$1.25B	$1.64B	-	$638.36M	$566.98M	$704.37M	$914.19M	-
Surprise %	-	-	-	-	-	0.90%	-	-	-	-	0.78%	0.86%	0.03%	-	-	1.53%	-	1.37%	-	-	-	-	-	-	-	-	-	-	-	-

Rite Aid's average Quarter SG&A projection for Dec 23 is -, based on 1 Wall Street analysts, with a range of - to -. The forecast indicates a -100.00% fall compared to RAD last annual SG&A of $1.46B (Sep 23).

Rite Aid EPS Forecast

	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Mar 23	Dec 22	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17	Mar 16	Mar 15	Mar 14	Mar 13	Mar 12	Mar 11	Mar 10	Mar 09	Mar 08	Mar 07	Mar 06	Mar 05	Mar 04	Mar 03	Mar 02	Mar 01	Sep 00
# Analysts	1	1	1	1	1	19	18	12	14	15	12	15	20	14	18	18	12	19	9	16	7	7	8	12	20	18	11	13	17	14
EPS	-	-	-	-	$-18.44	$-4.39	-	-	-	-	$-5.20	$14.60	$-0.40	-	-	$1.20	$2.80	$-3.63	-	-	-	-	-	-	-	-	-	-	-	-
Avg Forecast	$1.54	$1.34	$-1.47	$-1.71	$1.39	$1.43	$1.95	$1.43	$-0.74	$-0.08	$-0.45	$-0.28	$-0.35	$0.06	$0.04	$0.58	$-3.17	$-2.06	$-4.64	$-2.94	$-1.72	$-19.13	$0.61	$0.68	$-2.02	$1.30	$0.24	$-1.54	$-0.32	$-20.88
High Forecast	$1.54	$1.34	$-1.47	$-1.71	$1.39	$1.43	$1.95	$1.43	$-0.59	$-0.06	$-0.36	$-0.22	$-0.28	$0.07	$0.05	$0.70	$-2.53	$-1.65	$-3.71	$-2.35	$-1.38	$-15.31	$0.73	$0.82	$-1.61	$1.56	$0.29	$-1.23	$-0.26	$-16.70
Low Forecast	$1.54	$1.34	$-1.47	$-1.71	$1.39	$1.43	$1.95	$1.43	$-0.89	$-0.09	$-0.54	$-0.34	$-0.41	$0.05	$0.03	$0.46	$-3.80	$-2.47	$-5.57	$-3.53	$-2.06	$-22.96	$0.49	$0.55	$-2.42	$1.04	$0.20	$-1.85	$-0.38	$-25.06
Surprise %	-	-	-	-	-13.28%	-3.07%	-	-	-	-	11.56%	-52.14%	1.14%	-	-	2.07%	-0.88%	1.76%	-	-	-	-	-	-	-	-	-	-	-	-

According to 12 Wall Street analysts, Rite Aid's projected average Quarter EPS for Mar 19 is $-0.45, with a low estimate of $-0.54 and a high estimate of $-0.36. This represents a -103.08% decrease compared to RAD previous annual EPS of $14.60 (Mar 18).

Rite Aid Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
RAD	Rite Aid	-	-	976.92%	Sell
WBA	Walgreens Boots Alliance	-	-	183.26%	Hold
PETS	PetMed Express	-	-	130.13%	Hold
HITI	High Tide	-	-	1.89%	Sell

RAD Forecast FAQ

Is Rite Aid a good buy?

No, according to 1 Wall Street analysts, Rite Aid (RAD) is considered a 'Sell'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of RAD's total ratings.

What is RAD's price target?

Rite Aid (RAD) average price target is $7 with a range of $7 to $7, implying a 2715.77% from its last price of $0.249. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Rite Aid stock go up soon?

According to Wall Street analysts' prediction for RAD stock, the company can go up by 2715.77% (from the last price of $0.249 to the average price target of $7), up by 2715.77% based on the highest stock price target, and up by 2715.77% based on the lowest stock price target.

Can Rite Aid stock reach $0?

RAD's average twelve months analyst stock price target of $7 supports the claim that Rite Aid can reach $0 in the near future.

What are Rite Aid's analysts' financial forecasts?

RAD's analysts financial forecasts for the fiscal year (Mar 2024) are as follows: average revenue is $17.38B (high $17.38B, low $17.38B), average EBITDA is $-351M (high $-280M, low $-421M), average net income is $-511M (high $-412M, low $-609M), average SG&A $1.58B (high $1.89B, low $1.26B), and average EPS is $-1.792 (high $-1.792, low $-1.792).

Did the RAD's actual financial results beat the analysts' financial forecasts?

Based on Rite Aid's last annual report (Mar 2023), the company's revenue was $24.09B, beating the average analysts forecast of $14.79B by 62.84%. Apple's EBITDA was $178.44M, missing the average prediction of $-83.95M by -312.55%. The company's net income was $-750M, beating the average estimation of $-550M by 36.46%. Apple's SG&A was $4.9B, missing the average forecast of $5.02B by -2.39%. Lastly, the company's EPS was $-13.71, missing the average prediction of $3.38 by -505.28%. In terms of the last quarterly report (Sep 2023), Rite Aid's revenue was $5.65B, beating the average analysts' forecast of $5.65B by 0%. The company's EBITDA was $-363M, beating the average prediction of $0 by 0%. Rite Aid's net income was $-1.02B, missing the average estimation of $76.77M by -1428.66%. The company's SG&A was $1.46B, beating the average forecast of $0 by 0%. Lastly, the company's EPS was $-18.44, missing the average prediction of $1.39 by -1428.42%