In a recent update, Barclays analyst Laurence Whyatt has increased the price target for Diageo (DEO, Financial), a leading global beverage company, reflecting a positive outlook on the stock. The target has been elevated to 2,580 GBp from the previous 2,490 GBp.
Despite the adjustment, the analyst continues to maintain an Overweight rating on Diageo, indicating confidence in the firm's potential to outperform the broader market. This suggests an optimistic view of Diageo’s future performance, driven by market dynamics and the company’s strategic positioning in the beverage industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Diageo PLC (DEO, Financial) is $125.33 with a high estimate of $144.00 and a low estimate of $100.00. The average target implies an upside of 13.76% from the current price of $110.17. More detailed estimate data can be found on the Diageo PLC (DEO) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Diageo PLC's (DEO, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Diageo PLC (DEO, Financial) in one year is $187.36, suggesting a upside of 70.06% from the current price of $110.17. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Diageo PLC (DEO) Summary page.
