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Kroger (KR) Stock Forecast & Price Target

$52.49
-0.26 (-0.49%)
(As of 07/12/2024 ET)

Kroger - 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

$57.30
9.16% Upside
High Forecast$65.00
Average Forecast$57.30
Low Forecast$48.00
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Moderate Buy
Hold
Hold
Hold
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
7 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
8 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$57.30$55.17$54.08$52.41
Forecasted Upside9.16% Upside9.56% Upside8.91% Upside14.03% Upside
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KR 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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KR 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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Kroger Stock vs. The Competition

TypeKrogerRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.64
2.46
2.50
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside9.16% Upside53.47% Upside9.17% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/24/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$58.00 ➝ $57.00+13.52%
6/21/2024Wolfe Research
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G. Badishkanian
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UpgradeStrong-Buy
6/21/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$60.00 ➝ $58.00+15.33%
6/20/2024Evercore ISI
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 Lower TargetOutperform ➝ Outperform$61.00 ➝ $60.00+15.76%
6/18/2024BMO Capital Markets
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K. Bania
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UpgradeMarket Perform ➝ Outperform$58.00 ➝ $60.00+17.53%
6/17/2024Telsey Advisory Group
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 Reiterated RatingOutperform ➝ Outperform$62.00 ➝ $62.00+22.72%
4/16/2024Wells Fargo & Company
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 UpgradeEqual Weight ➝ Overweight$58.00 ➝ $65.00+17.45%
4/8/2024BNP Paribas
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 Reiterated RatingNeutral ➝ Underperform$48.00-16.24%
3/19/2024Guggenheim
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 Boost TargetBuy ➝ Buy$60.00 ➝ $61.00+8.57%
12/1/2023Stephens
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 Lower TargetEqual Weight ➝ Equal Weight$52.00 ➝ $50.00+12.99%
9/22/2023HSBC
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 Initiated CoverageHold$52.00+13.81%
6/19/2023UBS Group
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 Lower Target$51.00 ➝ $48.00+3.96%
6/16/20233M
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 Reiterated RatingMaintains
6/16/2023Deutsche Bank Aktiengesellschaft
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 Lower Target$54.00 ➝ $50.00+9.00%
6/16/2023Bank of America
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 Lower Target$75.00 ➝ $65.00+41.46%
3/20/2023Northcoast Research
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 UpgradeNeutral ➝ Buy$60.00+28.26%
3/3/2023Roth Capital
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W. Kirk
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Reiterated RatingNeutral
12/6/2022Sanford C. Bernstein
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 Initiated CoverageOutperform$58.00+25.90%
12/5/2022MKM Partners
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Bill Kirk
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Lower TargetNeutral ➝ Neutral$50.00 ➝ $47.00+2.00%
12/5/2022Jefferies Financial Group
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 Boost Target$45.00 ➝ $50.00+5.71%
10/10/2022Exane BNP Paribas
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 UpgradeNeutral ➝ Outperform
9/8/2022Credit Suisse Group
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 Lower TargetNeutral$60.00 ➝ $55.00+10.40%
9/6/2022Oppenheimer
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 Lower Target$51.00+4.79%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:50 AM ET.

KR Forecast - Frequently Asked Questions

What is Kroger's forecast for 2024?

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Kroger is $57.30, with a high forecast of $65.00 and a low forecast of $48.00.

Should I buy or sell Kroger stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kroger in the last twelve months. There is currently 1 sell rating, 3 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" KR shares.

Does Kroger's stock price have much upside?

According to analysts, Kroger's stock has a predicted upside of 11.77% based on their 12-month stock forecasts.

Has Kroger been upgraded by Wall Street analysts recently?

Over the previous 90 days, Kroger's stock had 3 upgrades by analysts.

What analysts cover Kroger?

Kroger has been rated by research analysts at BMO Capital Markets, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, Telsey Advisory Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.

Do Wall Street analysts like Kroger more than its competitors?

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


This page (NYSE:KR) was last updated on 7/13/2024 by MarketBeat.com Staff

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