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Diageo (DEO) Stock Forecast & Price Target

$128.82
-0.87 (-0.67%)
(As of 02:37 PM ET)

Diageo - 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

Based on 7 Wall Street analysts who have issued ratings for Diageo in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 7 analysts, 3 have given a sell rating, 3 have given a hold rating, and 1 has given a buy rating for DEO.

Consensus Price Target

N/A

According to the 7 analysts' twelve-month price targets for Diageo,

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Reduce
Reduce
Reduce
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)
0 Buy rating(s)
0 Buy rating(s)
2 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
5 Hold rating(s)
6 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
3 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetN/AN/AN/AN/A
Forecasted UpsideN/AN/AN/AN/A
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DEO 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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DEO 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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Diageo Stock vs. The Competition

TypeDiageoConsumer Staples CompaniesS&P 500
Consensus Rating Score
1.71
2.44
2.51
Consensus RatingReduceHoldModerate Buy
Predicted Upside708.35% Upside9.52% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/12/2024The Goldman Sachs Group
2 of 5 stars
O. Nicolai
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DowngradeNeutral ➝ Sell
7/3/2024Citigroup
3 of 5 stars
S. Hales
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UpgradeNeutral ➝ Buy
1/12/2024BNP Paribas
3 of 5 stars
 DowngradeNeutral ➝ Underperform
1/4/2024Argus
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 DowngradeBuy ➝ Hold
12/5/2023UBS Group
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 DowngradeNeutral ➝ Sell
11/29/2023JPMorgan Chase & Co.
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 DowngradeOverweight ➝ Neutral
9/15/2023TD Cowen
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 Initiated CoverageMarket Perform
9/8/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetGBX 2,920 ➝ GBX 2,950
8/9/2023Credit Suisse Group
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 Lower TargetGBX 3,850 ➝ GBX 3,800
8/2/2023Barclays
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 Lower TargetGBX 4,720 ➝ GBX 4,440
7/20/2023Morgan Stanley
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 DowngradeEqual Weight ➝ Underweight
5/12/2023Jefferies Financial Group
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 DowngradeBuy ➝ Hold
2/8/2023HSBC
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 Lower TargetGBX 4,800 ➝ GBX 4,500
2/6/2023Sanford C. Bernstein
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 UpgradeMarket Perform ➝ Outperform
1/31/2023Investec
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 UpgradeHold ➝ Buy
11/18/2022Erste Group Bank
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 DowngradeBuy ➝ Hold
9/6/2022Exane BNP Paribas
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 DowngradeOutperform ➝ Neutral
8/2/2022Berenberg Bank
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 Boost TargetGBX 3,900 ➝ GBX 4,160
7/29/2022Royal Bank of Canada
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 Boost TargetGBX 2,800 ➝ GBX 3,000

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:58 PM ET.

DEO Forecast - Frequently Asked Questions

What is Diageo's forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Diageo is $0.00, with a high forecast of $0.00 and a low forecast of $10,000,000.00.

Should I buy or sell Diageo stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Diageo in the last twelve months. There are currently 3 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" DEO shares.

Has Diageo been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, Diageo's stock had 1 upgrade and 1 downgrade by analysts.

What analysts cover Diageo?

Diageo has been rated by research analysts at Citigroup, and The Goldman Sachs Group in the past 90 days.

Do Wall Street analysts like Diageo more than its competitors?

Analysts like Diageo less than other "consumer staples" companies. The consensus rating for Diageo is Reduce while the average consensus rating for "consumer staples" companies is Hold. Learn more on how DEO compares to other companies.


This page (NYSE:DEO) was last updated on 7/23/2024 by MarketBeat.com Staff

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