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Darden Restaurants (DRI) Stock Forecast & Price Target

$142.86
-0.01 (-0.01%)
(As of 07/19/2024 ET)

Darden Restaurants - 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 22 Wall Street analysts who have issued ratings for Darden Restaurants in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 22 analysts, 1 has given a sell rating, 4 have given a hold rating, and 17 have given a buy rating for DRI.

Consensus Price Target

$171.95
20.37% Upside
High Forecast$192.00
Average Forecast$171.95
Low Forecast$124.00

According to the 22 analysts' twelve-month price targets for Darden Restaurants, the average price target is $171.95. The highest price target for DRI is $192.00, while the lowest price target for DRI is $124.00. The average price target represents a forecasted upside of 20.37% from the current price of $142.86.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
17 Buy rating(s)
16 Buy rating(s)
15 Buy rating(s)
15 Buy rating(s)
Hold
4 Hold rating(s)
4 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$171.95$173.81$178.85$167.67
Forecasted Upside20.37% Upside13.16% Upside10.47% Upside11.16% Upside
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DRI 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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DRI 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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Darden Restaurants Stock vs. The Competition

TypeDarden RestaurantsRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.73
2.46
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside20.37% Upside55.79% Upside9.99% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/19/2024Stephens
4 of 5 stars
J. Salera
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Reiterated RatingEqual Weight ➝ Equal Weight$165.00 ➝ $165.00+15.48%
7/18/2024Wedbush
3 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$170.00 ➝ $170.00+15.36%
7/11/2024Jefferies Financial Group
2 of 5 stars
 DowngradeHold ➝ Underperform$154.00 ➝ $124.00-10.16%
6/25/2024Argus
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 Lower TargetBuy ➝ Buy$186.00 ➝ $175.00+13.54%
6/21/2024Raymond James
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 Boost TargetOutperform ➝ Outperform$167.00 ➝ $170.00+11.50%
6/21/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$175.00 ➝ $175.00+14.78%
6/21/2024Citigroup
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 Boost TargetBuy ➝ Buy$191.00 ➝ $192.00+25.57%
6/21/2024Bank of America
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 Boost TargetBuy ➝ Buy$180.00 ➝ $185.00+19.90%
6/21/2024Stifel Nicolaus
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 Lower TargetBuy ➝ Buy$190.00 ➝ $180.00+16.66%
6/20/2024TD Cowen
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 Reiterated RatingBuy ➝ Buy$170.00 ➝ $170.00+11.87%
6/14/2024Barclays
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 Lower TargetOverweight ➝ Overweight$187.00 ➝ $180.00+21.80%
6/13/2024KeyCorp
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 Lower TargetOverweight ➝ Overweight$177.00 ➝ $170.00+15.77%
6/13/2024Evercore ISI
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 Lower TargetIn-Line ➝ In-Line$170.00 ➝ $165.00+12.43%
5/28/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$176.00 ➝ $165.00+11.06%
5/17/2024BTIG Research
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P. Saleh
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UpgradeNeutral ➝ Buy$175.00+15.57%
3/22/2024Truist Financial
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 Reiterated RatingBuy ➝ Buy$190.00+15.19%
3/22/2024Oppenheimer
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 Lower TargetOutperform ➝ Outperform$186.00 ➝ $182.00+11.51%
3/19/2024Guggenheim
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 Boost TargetBuy ➝ Buy$180.00 ➝ $185.00+7.02%
3/7/2024BMO Capital Markets
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 Boost TargetMarket Perform ➝ Market Perform$160.00 ➝ $165.00-6.20%
10/19/2023Deutsche Bank Aktiengesellschaft
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 Initiated CoverageBuy$159.00+12.99%
9/25/2023Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$183.00 ➝ $180.00+25.44%
9/22/2023Piper Sandler
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 Lower TargetNeutral ➝ Neutral$167.00 ➝ $161.00+10.69%
6/26/2023VNET Group
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 Reiterated RatingReiterates
6/23/2023Robert W. Baird
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 Boost Target$152.00 ➝ $165.00+1.77%
3/24/2023Credit Suisse Group
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 Boost TargetOutperform$157.00 ➝ $165.00+9.62%
1/23/2023Wells Fargo & Company
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 Initiated CoverageEqual Weight$155.00+4.66%
12/7/2022Cowen
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 Boost Target$140.00 ➝ $155.00+8.50%
9/7/2022Sanford C. Bernstein
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 Initiated CoverageOutperform$153.00+19.48%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:56 AM ET.

DRI Forecast - Frequently Asked Questions

What is Darden Restaurants' forecast for 2024?

According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Darden Restaurants is $171.95, with a high forecast of $192.00 and a low forecast of $124.00.

Should I buy or sell Darden Restaurants stock right now?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last twelve months. There is currently 1 sell rating, 4 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DRI shares.

Does Darden Restaurants's stock price have much upside?

According to analysts, Darden Restaurants's stock has a predicted upside of 12.97% based on their 12-month stock forecasts.

Has Darden Restaurants been upgraded or downgraded by Wall Street analysts recently?

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

What analysts cover Darden Restaurants?
Do Wall Street analysts like Darden Restaurants more than its competitors?

Analysts like Darden Restaurants more than other "retail/wholesale" companies. The consensus rating for Darden Restaurants is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how DRI compares to other companies.


This page (NYSE:DRI) was last updated on 7/20/2024 by MarketBeat.com Staff

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