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Conagra Brands (CAG) Stock Forecast & Price Target

$28.82
+0.32 (+1.12%)
(As of 06/21/2024 ET)

Conagra Brands - Analysts' Recommendations 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.

Consensus Rating

Consensus Price Target

$33.14
15.00% Upside
High Forecast$40.00
Average Forecast$33.14
Low Forecast$28.00
TypeCurrent Forecast
6/23/23 to 6/22/24
1 Month Ago
5/24/23 to 5/23/24
3 Months Ago
3/25/23 to 3/24/24
1 Year Ago
6/23/22 to 6/23/23
Consensus Rating
Hold
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
1 Buy rating(s)
1 Buy rating(s)
2 Buy rating(s)
5 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
10 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$33.14$33.14$32.87$41.08
Forecasted Upside15.00% Upside11.34% Upside10.91% Upside9.87% Upside
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CAG Analyst Recommendations 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.
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CAG 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.
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Conagra Brands Stock vs. The Competition

TypeConagra BrandsConsumer Staples CompaniesS&P 500
Consensus Rating Score
2.10
2.44
2.50
Consensus RatingHoldHoldModerate Buy
Predicted Upside15.00% Upside768.57% Upside10.92% Upside
News Sentiment RatingVery Positive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/8/2024Barclays
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 Boost TargetOverweight ➝ Overweight$31.00 ➝ $34.00+8.59%
4/5/2024Stifel Nicolaus
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 Boost TargetHold ➝ Hold$29.00 ➝ $32.00+3.49%
4/5/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$30.00 ➝ $32.00+1.65%
4/5/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$30.00 ➝ $32.00+4.40%
1/3/2024Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$32.00 ➝ $30.00+1.87%
12/11/2023Evercore ISI
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 DowngradeOutperform ➝ In-Line$32.00+8.40%
10/9/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$37.00 ➝ $29.00+8.01%
10/6/2023Jefferies Financial Group
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 Lower TargetHold ➝ Hold$30.00 ➝ $28.00+6.75%
10/5/2023The Goldman Sachs Group
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 Lower Target$37.00 ➝ $33.00+26.95%
9/13/2023TD Cowen
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 Initiated CoverageMarket Perform$32.00+11.81%
8/21/2023JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$38.00 ➝ $37.00+24.75%
7/14/2023Deutsche Bank Aktiengesellschaft
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 Lower Target$36.00 ➝ $35.00+7.10%
7/14/2023Bank of America
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 Lower Target$40.00 ➝ $38.00+14.60%
7/10/2023UBS Group
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 Lower Target$44.00 ➝ $40.00+20.41%
3/31/2023Credit Suisse Group
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 Boost TargetNeutral$36.00 ➝ $38.00+1.63%
11/15/2022Exane BNP Paribas
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 Initiated CoverageOutperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:58 PM ET.

CAG Forecast - Frequently Asked Questions

What is Conagra Brands's stock forecast and purchase recommendation?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Conagra Brands is $33.14, with a high forecast of $40.00 and a low forecast of $28.00. The consensus rating for Conagra Brands stock is Hold based on the current 9 hold ratings and 1 buy rating for CAG. Learn more on CAG's analyst rating history.

Do Wall Street analysts like Conagra Brands more than its competitors?

Analysts like Conagra Brands less than other "consumer staples" companies. The consensus rating score for Conagra Brands is 2.10 while the average consensus rating score for "consumer staples" companies is 2.44. Learn more on how CAG compares to other companies.

Does Conagra Brands's stock price have much upside?

According to analysts, Conagra Brands's stock has a predicted upside of 11.34% based on their 12-month stock forecasts.

What analysts cover Conagra Brands?

Conagra Brands has been rated by research analysts at Barclays, Citigroup, Stifel Nicolaus, and Wells Fargo & Company in the past 90 days.


Stock Forecasts and Research Tools

This page (NYSE:CAG) was last updated on 6/22/2024 by MarketBeat.com Staff

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