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Sysco (SYY) Stock Forecast & Price Target

$75.05
+2.02 (+2.77%)
(As of 07/17/2024 ET)

Sysco - 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 10 Wall Street analysts who have issued ratings for Sysco in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 2 have given a hold rating, and 8 have given a buy rating for SYY.

Consensus Price Target

$84.80
12.99% Upside
High Forecast$90.00
Average Forecast$84.80
Low Forecast$79.00

According to the 10 analysts' twelve-month price targets for Sysco, the average price target is $84.80. The highest price target for SYY is $90.00, while the lowest price target for SYY is $79.00. The average price target represents a forecasted upside of 12.99% from the current price of $75.05.

TypeCurrent Forecast
7/18/23 to 7/17/24
1 Month Ago
6/18/23 to 6/17/24
3 Months Ago
4/19/23 to 4/18/24
1 Year Ago
7/18/22 to 7/18/23
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
8 Buy rating(s)
8 Buy rating(s)
6 Buy rating(s)
8 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
1 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$84.80$85.10$85.38$86.91
Forecasted Upside12.99% Upside15.24% Upside12.59% Upside13.54% Upside
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SYY 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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SYY 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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Sysco Stock vs. The Competition

TypeSyscoConsumer Staples CompaniesS&P 500
Consensus Rating Score
2.80
2.43
2.50
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside12.84% Upside707.77% Upside7.64% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/16/2024Morgan Stanley
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$82.00 ➝ $81.00+11.57%
6/24/2024Truist Financial
1 of 5 stars
 Lower TargetBuy ➝ Buy$87.00 ➝ $85.00+15.13%
5/28/2024Guggenheim
3 of 5 stars
J. Heinbockel
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UpgradeNeutral ➝ Buy$85.00+16.52%
5/23/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetBuy ➝ Buy$90.00 ➝ $86.00+17.52%
5/23/2024Barclays
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 Lower TargetOverweight ➝ Overweight$88.00 ➝ $85.00+15.90%
5/23/2024BMO Capital Markets
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 Lower TargetOutperform ➝ Outperform$90.00 ➝ $85.00+16.37%
5/23/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$87.00 ➝ $85.00+16.87%
5/1/2024UBS Group
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 Lower TargetBuy ➝ Buy$92.00 ➝ $87.00+18.69%
5/1/2024Piper Sandler
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 Lower TargetNeutral ➝ Neutral$83.00 ➝ $79.00+8.17%
1/31/2024Stephens
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 Boost TargetOverweight ➝ Overweight$80.00 ➝ $90.00+11.36%
5/3/202351job
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 Reiterated RatingMaintains
5/3/2023Credit Suisse Group
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 Lower Target$94.00 ➝ $88.00+16.09%
3/9/2023Bank of America
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 Initiated CoverageBuy ➝ Buy$90.00+20.26%
2/2/2023Argus
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 DowngradeBuy ➝ Hold
1/4/2023Wells Fargo & Company
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 Lower TargetOverweight$95.00 ➝ $87.00+14.49%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:36 PM ET.

SYY Forecast - Frequently Asked Questions

What is Sysco's forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Sysco is $84.80, with a high forecast of $90.00 and a low forecast of $79.00.

Should I buy or sell Sysco stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sysco in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SYY shares.

Does Sysco's stock price have much upside?

According to analysts, Sysco's stock has a predicted upside of 14.78% based on their 12-month stock forecasts.

Has Sysco been upgraded by Wall Street analysts recently?

Over the previous 90 days, Sysco's stock had 1 upgrade by analysts.

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

Analysts like Sysco more than other "consumer staples" companies. The consensus rating for Sysco is Moderate Buy while the average consensus rating for "consumer staples" companies is Hold. Learn more on how SYY compares to other companies.


This page (NYSE:SYY) was last updated on 7/17/2024 by MarketBeat.com Staff

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