Cardinal Health (CAH) Stock Forecast & Price Target

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$107.03

+1.93 (+1.84%)

(As of 04/15/2024 ET)

Cardinal Health Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Moderate Buy
Based on 11 Analyst Ratings

Analysts' Consensus Price Target

$103.07
-3.70% Downside

High Forecast	$125.00
Average Forecast	$103.07
Low Forecast	$90.00

Type	Current Forecast 4/17/23 to 4/16/24	1 Month Ago 3/18/23 to 3/17/24	3 Months Ago 1/17/23 to 1/17/24	1 Year Ago 4/17/22 to 4/17/23
Consensus Rating	Moderate Buy	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	3 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$103.07	$103.07	$99.23	$80.08
Predicted Upside	-3.70% Downside	9.05% Upside	9.21% Upside	9.27% Upside

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CAH Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CAH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cardinal Health Stock vs. The Competition

Type	Cardinal Health	Medical Companies	S&P 500
Consensus Rating Score	2.55	2.68	2.48
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-3.70% Downside	882.04% Upside	11.24% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/26/2024	Leerink Partnrs Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Cherny Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
2/26/2024	SVB Leerink Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$125.00	+15.64%
2/9/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
2/5/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$122.00 ➝ $125.00	+21.17%
1/3/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$117.00	+14.01%
12/14/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underweight	$96.00	-11.15%
Get the Latest News and Ratings for CAH and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cardinal Health and its competitors with MarketBeat's FREE daily newsletter.
11/17/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$101.00 ➝ $112.00	+8.24%
10/11/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$100.00 ➝ $95.00	+3.69%
8/16/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$88.00 ➝ $90.00	-0.56%
8/16/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$92.00 ➝ $100.00	+10.46%
8/16/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$107.00 ➝ $108.00	+19.30%
8/16/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$94.00 ➝ $96.00	+6.04%
7/17/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$91.00 ➝ $99.00	+6.29%
6/12/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$90.00 ➝ $100.00	+15.82%
6/12/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$88.00 ➝ $90.00	+4.24%
5/8/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$88.00 ➝ $90.00	+8.59%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 09:01 AM ET.

CAH Price Target - Frequently Asked Questions

What is Cardinal Health's consensus rating and price target?: According to the issued ratings of 11 analysts in the last year, the consensus rating for Cardinal Health stock is Moderate Buy based on the current 1 sell rating, 3 hold ratings and 7 buy ratings for CAH. The average twelve-month price prediction for Cardinal Health is $103.07 with a high price target of $125.00 and a low price target of $90.00. Learn more on CAH's analyst rating history.
Do Wall Street analysts like Cardinal Health more than its competitors?: Analysts like Cardinal Health less than other Medical companies. The consensus rating score for Cardinal Health is 2.55 while the average consensus rating score for medical companies is 2.68. Learn more on how CAH compares to other companies.
Is Cardinal Health being upgraded by Wall Street analysts?: Over the previous 90 days, Cardinal Health's stock had 1 upgrade by analysts.

Does Cardinal Health's stock price have much upside?: According to analysts, Cardinal Health's stock has a predicted upside of 7.01% based on their 12-month stock forecasts.
What analysts cover Cardinal Health?: Cardinal Health has been rated by Argus, Leerink Partnrs, SVB Leerink, and UBS Group in the past 90 days.

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This page (NYSE:CAH) was last updated on 4/16/2024 by MarketBeat.com Staff

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Cardinal Health (CAH) Stock Forecast & Price Target

Cardinal Health Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

CAH Analyst Ratings By Month

CAH Price Targets by Month

Cardinal Health Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

CAH Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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